Considering my personality, I’ve done a good job holding on to my Rivian position, which I managed to buy at a good price (15.70) and has been marching higher irrespective of market activity.
Broadly speaking, the good news for RIVN is that even when it has fallen hard, it has merely hammered out a series of higher lows, creating a long-term uptrend.
What continues to concern me, though, is that this sucker has faked out shareholders over and over and over again. Right when it seems to be getting into gear, it barfs. All I can do in my defense is to keep my stop tight.
I am trying to be steadfast, however, since I will never forget the time that I wanted to buy (and hold) Tesla but failed to do so (arrow). The ascent that followed was something I’d rather not feel ever again.
