This makes sense to me; a trailing stop-loss doesn't. I view a sharp decline in TSLA as a buying port unity, not a selling trigger. Obviously it would depend on exact
why the stock fell, but I wouldn't want to sell my shares under most circumstances. If you feel you've made enough money on the stock, then sell it.
And that introduces a very interesting question - or at least interesting to some. When is it enough? When do we sell and make an attempt to start spending? I know most are younger and probably haven't amassed enough to satisfy or meet their needs for the rest of their lives, but at some point, and after one has seen their net worth climb beyond what they can spend in the time they have left, isn't it better to sell and stop looking at the price?
Perhaps this is a discussion for a new thread, but since you raised the point, I thought I might test the waters and see what people who have made a significant return on their TSLA thought was enough. That doesn't necessarily mean sell everything, but sell enough that the allocation is significantly reduced, despite the fact that one knows the stock will ultimately climb much higher. For some, this is not a slam dunk easy decision. But if you don't have more than you can spend, you probably wouldn't understand. It would also help if you had been frugal, living well below your means all your life. Changing spending habits and lifestyle in maturity isn't that easy. I paid $100K for my S and that hurt, not because I couldn't afford it, but because it was twice what I had paid for any vehicle before. But had I not bought one, I wouldn't have realized the potential of the stock.
I expect some who invested early in Apple, or Microsoft, or Google have experienced similar thoughts. I know someone who retired early because his father died and left him millions. The son expressed real disappointment that his dad kept his wealth a secret after having grown a fortune with Microsoft stock, but held onto it until he died, without ever enjoying what it could have provided.
So to be clear, I am not asking how one should spend their money, or what they should do in life. I just am curious if anyone has a point at which they could say, "I have enough, I am outta here." And do you think you could actually set a price and allow it to execute? And if you did, what about withdrawal symptoms? Can one actually leave a stock that provides so much excitement?