To The Moon

Buying the Dip? Lessons from My TTD Wipeout, Before I Look at Tesla

I'll be real: TTD cost me a lot more than a few kopi runs and chicken rice. Great company, great story, so I bought the dip, then bought the next one. Then earnings came and it dropped 30%+ in a single day. The business wasn't broken. I paid a "must be perfect" price for a company that only had to miss once. Lesson one: a great company is not the same as a great entry price.

Now Tesla has just shown a Roadster that flies on cold-gas thrusters, jumping over cars and doing a barrel roll. Production is promised for 2028, flying on public roads isn't permitted, and Roadster dates have slipped since 2017. Here in Singapore, where a COE alone can cost more than a car overseas, nobody is flying anywhere soon. 😄

So I'm not buying the demo. Here's the contrast:

TTD: One engine, one narrative. When growth slowed, nothing cushioned the fall.

Tesla: Cars, energy storage, robotics and a halo product that keeps the world watching. The flying Roadster is a signal, not my thesis. AI and robotics are the future.

What I'm doing differently this time:

Stagger my buys across weeks instead of going all-in on one dip.

Size it so I can still sleep. Tesla is volatile too.

Write my exit rule before I tap "Buy" on Tiger.

Use only money I won't need for important life expenses.

I'm not calling the bottom. I'm buying a company with several engines, at a size where being wrong teaches me instead of wrecking me.