looks like most of people here had already sold their shares when Curtis (sorry I don't spell right, but you know, the long term bullish master) sold at 5xx?
Some of you might remember my post about "didn't sell at 7xx and my parents are going to rebuke me".
At that time some people encouraged me. To be honest I have some complain about that now, but, I should have sold my shares when I saw Curtis sell all his shares.
For every Curtis who correctly timed the market during the last week or 2, there's at least a different Curtis who incorrectly timed the market and sold TSLA @ $360 the Monday before the epic run up to $960 started, or before Q3 earnings because "it'll probably drop again like Q2 earnings".
If you believe you can time the market, go ahead and sell.
If you believe that TSLA's long term value is less than its current market cap of $80B, go ahead and sell.
If your life circumstances changed and you need cash in the short term, go ahead and sell.
If you get emotionally attached to stock market gains and believe the returns will not be worth the mental torture, either work on cultivating an attitude more conducive to investing success, or go ahead and sell.
Now what should I to do? It is a torture to see the SP goes down everyday, no decent rebound at all. Only some short intra-day rebound that lasts for 5 minutes. And in after hours, another 5%. The next day, another 13% if macro is bad, or 5% if macro rebound.
This sounds like the attitude of a gambler, not an investor. It sounds like you're addicted to the ticker being green.
Ideally, an investor only focuses on making the best decisions possible, and pays little attention to results, especially short term results. Determine what stocks are worth, buy them when they are below that value, sell them when they are at or above that value, and manage risks correctly. That's what successful investors are focused on.
My average cost was $234, but I don't think I can sustain the torture if the price goes below $350.
When I see some people are adding more shares along the way, I really think : " are you sure? Curtis has sold"
If you want to be successful at investing, you need to start thinking more for yourself. "Person X has sold" is not indicative of what the market will do in the future, because even the best investors will be wrong quite often.
If someone you respect does something, evaluate the person's argument for doing so, and decide whether you agree with him based on data and logic. If you want to do X just because person Y did so, you should check out eToro.
My cash can support my family for roughly 5 months; I may sell my MSFT stock to get another 12 months of living expense. But my job and my wife's job are not very stable. Should I keep holding and maybe in 2022 the SP could go back to $500?
When I recall one of you said he sold at $557 because of panic, I really wish I was panic enough and did that.
Only you can make this decision. In general, I personally recommend to try and not rely on stock market gains for your living expenses, because it's going to seriously cut into your long term returns, and it's unreliable as well in times like this.
I hope you're able to cover your family's living expenses through income in some way. Having 5 months of living expenses saved up is smart. In times like this, depending on how unstable your income is, keeping a year of living expenses saved up might provide an even better safety cushion.
