I'm afraid I might make the wrong decision.
It's about Tesla
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A look into the past:
Tesla shares reached their all-time high on November 1, 2021 at around $414.
The share price then reached a low in mid-2022. However, 2022 was also the raccoon year on the stock market, which led to a general market weakness in the technology sector as well as interest rate hikes.
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What has happened in my portfolio in recent weeks:
My Tesla position has grown unexpectedly quickly and significantly. I am now considering selling a third of the position and shifting the proceeds into my ETFs:
Then my ETFs would be the largest positions in my portfolio again, as I wanted. However, restoring the desired allocation does not require a sale and I am in no hurry.
But I have no idea where the journey with $TSLA (+0,05 %) is going to go. For example, whether we will actually see something in the direction of $600, whether profit-taking will drive the price down again, whether we are just building up the double top anyway🤪
I'm afraid I might make the wrong decision. 😨
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How can I evaluate and act wisely and sensibly in this situation?
