Have owned all my TSLA (2500 shares ) since 2016 and have never sold any of it. I was in for the long-term but now I’m starting to question that decision. I don’t see anything else in 2024 that is going to give the stock any kind of boost perhaps I’m missing something. I’m considering rolling it into AMZN
If you are comfortable with that decision, sure, why not. In hindsight I would have sold at 415, post split. Like we all would have.
But, again, hindsight is too easy.
I remember that in 2020 I was in a excellent position: being Italian I knew that COVID was wreaking havoc at least 2 weeks before the rest of the Western world. I remember many people dismissing my worries, even here on this forum. So I decided to gamble and sold 7 (!!) shares, at a great profit.
But, guess what, I bought them much later, not being able to timing the market well, so re-bought only 5.
This tiny play taught me a very trivial albeit important truth: you don't have to time the market once to profit, but
twice! It's stupid, I know, but psychologically I chased the bottom for months, and didn't catch it. Then the ramp up began so I bought at a loss.
Lucky for me I'm a cheap bastard that doesn't trust himself so I played only with an handful of shares.