Getting a little EOD “pump” on TSLA now, so i’ll watch carefully and dump it before close.
I’m kind of an “active trader”, so I did well on GLD, JPM.
Thanks.

meh… I’m not crazy about the fact CORN recently broke below the 21.78ish support but this is some minor support here & the divergences are still building so maybe a false breakdown? If so, I’d rather wait to see CORN make a solid recovery back above 22 so I’ll be keeping an eye on it. Here’s my daily chart of CORN.

My reply to a similar question on TSLA here.There’s ‘always’ a chance for a bounce on a stock going down but I can’t make a decent case on TSLA based on the fact it took out the 225 support, especially with most of the other Mag 7 stocks rallying or holding up (and QQQ positive to flat today).

https://rightsideofthechart.com/technical-analysis-swing-trade-ideas-1-12-24/#comment-30259

While I can’t provide individual investment advice, I can say that it is fairly well known that retail investors (aka- the dumb money) tend to average down on losing positions while the pros (aka- smart money) tend to average UP on a winning trade (i.e.- at less favorable prices although they do so as it shows the reasoning for their trade was correct as it is moving in their direction).

I do make exceptions, particularly if my plan was to scale into a position from point A down to point B but in the case of TSLA, I would not add below the 225 support & would either cut it loose here or set a tight stop below today’s LOD. 225 was decent support where the buyers “should have” stepped in but didn’t… not a good sign.