How do you tell the bottom? I’ve been on freetrade a month now and this is fascinating to watch but also quite worrying.
O well, talk about a baptism of fire! 
With hindsight.
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Has Tesla just bottomed out and is now the time to buy??
No one knows the bottom, anyone claiming to either gets lucky or is a liar.
If you’re looking to dollar cost average your holdings and believe in the future of the company and deem the current share price good value but you’re concerned it could drop lower - buy smaller chunks.
That’s the benefit of zero fee trading, if you’ve got £100 to put in Tesla, you could put in £10 a week, granted it won’t all be at the bottom, but better than putting in £100 next week to see it drop further.
Edit: PS There’s another thread for discussing the wider market, perhaps best to post in there going forward.
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BTC looks like it could be on way back up now 
Ok thanks, I haven’t found the wider market thread (obviously). Where is it?
Hopefully this link below works (find it trickier on my phone!)
[What is going on today? - Megathread - #336 by Michael2535]
Thanks
Bullish commentators would say it is a healthy correction. The reason for it is the climbing USD yield curve and the threat that interest rates could rise. This would do a number of things, such as make debt more expensive for companies and make company valuations look more crazy. The reason for the sell off in tech is because a lot of these companies are richly valued. When you adjust the interest rates in the discounted cash flows used by investors to value the business it no longer adds up, even compared to a few weeks ago. This is why the frothy names are selling off hard with a rotation into financials, traditional energy and commodities. Look at companies like Barclays, JP Morgan and Antofagasta. (All names I wish I had / still had LOL)
If you look at the Nasdaq below (this is a Bloomberg screenshot someone sent me) you can the see the green tramlines where the Nasdaq has been moving in since last March. At the end of October there was a correction and it bounced off the green line, but as you can see on the far right this failed and we dropped again. Nasdaq at 12,000 is the next line to check if we hold if not you are looking at the purple 200 moving average all the way down there…
Apologies a little off topic for ARB but this is my basic understanding of what is going on. Lost a fair bit during this correction Argo saving my portfolio haha. Just holding through at the moment, carefully buying small chunks of companies I like.
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Thank you for such a helpful and informative answer. Really appreciate you taking the time to help shed some light and understanding… Top chap.
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The saving grace where Argo is concerned in relation to debt when compared to other mining companies is it has absolutely no debt on it’s balance sheets and is seriously undervalued.
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Argo propping everything up for me this morning:
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Music to our ears
Argh I’m struggling to click through on their website! Just goes back to the homepage when you click ’ View Offer’. I can get through on the app though.
Thing is, need to weigh up that one would be buying shares outside of the ISA wrapper…
It’s an app only offer
Is this a good deal? I see ARB dropped 20% on Friday and surely adding more shares would make it fall more?
It will probably drop tomorrow morning but it still seems a good discount compared to a lot of PrimaryBid offers.