Bought 8 Tesla
If it goes to the next support, it will be a loss of $11k.
Was doing stress test previously, and that deter me from buying more.
Why did I do it?
I thought of liquidating my OCBC account.
It has a profit of $4k there, mostly from DBS.
DBS has a profit of around 40%+, from 500 shares purchased with share financing.
It has another 1000 DBS shares as a collateral.
If I liquidate the whole account, I will have around $35k.
So it should be able to support Tesla price crash.
Next next support is around another $100 dip, at $375.
Every $100 dip, it will be $4k USD, which is around S$5.6k.
So that $35k I liquidate from OCBC account, can support -6k, -6k, -6k.
From 3 dips, I will spend $18k to support, and still have another $17 to support the Tesla defense.
The decision was also made partly after watching videos on Tesla Plaid.
It is really disrupting super cars.
Cheaper, safer, faster.
Also, having 40 shares in the IG account, brings me to a total of 100 Tesla shares.
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