Part 2/9:
The fundamental rule in this satirical guide is straightforward: if Tesla is in the red, sell immediately. This guarantees realizing a loss and prevents any potential gains from materializing. The essential mindset here is to take emotions and short-term fluctuations over long-term growth.
2. Ignore Your Risk Tolerance
Many investors are advised to assess their risk appetite carefully. Instead, this contrarian advice emphasizes ignoring that. For example, one might invest over €100,000 even if it could mean losing it all. The article highlights that some investors, like the speaker's brother, might be comfortable risking large sums, but in doing so, they risk emotional turmoil when the stock turns downward.