A mod chickening out, now that’s a story. I saw some people have been referring to my decision to liquidate my whole TSLA position after the SP came crashing down from 960. Why that happened? Lately I had been too much focussed on the effect of the stock movements on the financial value of my portfolio, which at the top was up 720k, and a few trading hours later was up 520k. After having ridden the SP down from 300 to 178 in the spring of 2019 I thought I had balls of steel. But my stomach was the problem. It churned. So I bailed.
At first that felt good, the uncertainty was gone. But that didn’t last long. In fact, just a few hours.
I am a true believer in a bright future for Tesla. It will be the #1 technology brand in the world. And likely the most valuable company in the world. I believe the stock value will go up at least 10x and maybe even 20x. But in the heat of the moment I lost sight of all of that.
It felt as if I had betrayed Elon, who several times went through hell to save Tesla. And as if I had betrayed all the steadfast longs here, a lot of whom I’ve started to appreciate over the last years. I visited this thread yesterday, but felt like an outsider. I saw you guys complain and cheer, but couldn’t join you.
I started to watch some videos. Cathy Wood. Ron Baron. David Lee. The ones by David were especially helpful. I started to realize that I had to focus less on the swings and look more at the long trend and focus on the long term goal I’ve set for myself. And if it drops 100-200 points, that doesn’t make much difference because we know it will be 10-bagger or 20-bagger. I got my confidence back. Huge shout out to
@DaveT.
So today I decided to get back in. All in. No timing, because in the end it doesn’t really matter if you get in at 735 or 765. Or even 550, 650 or 850. I ended up buying at 745, which does lower the base price for my shares by 15 points to 225.
It feels incredibly good to be back in! And even if it goes down, maybe even by a lot, I’ll hang in there. With all of you. Because I know what the goal is and I know we will get there. There will be a lot of dips along the way, but that’s okay.
So I hope you guys will take back the lost son...