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Started By
Message
I'm feeling bummed about taking profits on MSTR
Posted on 11/19/24 at 11:57 am
Posted on 11/19/24 at 11:57 am
I've had a bag for about 4 years with a cost basis of $71.50 on 607 shares ($43,400). At one point in the crypto bear market, I rode this down to $8,000
This morning my bag was $250,000 and I sold 20% of my stack for $50,000 to pay off some debt. I'm up 570% from the beginning. I feel like a fool because MSTR just keeps going up. I don't want to be a hog and get slaughtered.
How do some of you experienced guys deal with the guilt of what might have been?
This morning my bag was $250,000 and I sold 20% of my stack for $50,000 to pay off some debt. I'm up 570% from the beginning. I feel like a fool because MSTR just keeps going up. I don't want to be a hog and get slaughtered.
How do some of you experienced guys deal with the guilt of what might have been?
16
Posted on 11/19/24 at 12:02 pm to Vastmind
What's done is done. Move on. Living with any regret is wasted energy and is non-productive.
I also found that moving to a dispassionate system of investing allowed me to disconnect from whatever is going on in the market. Market goes up, I sell some. Market goes down, I buy some. Just do the math and make the trades.
I also found that moving to a dispassionate system of investing allowed me to disconnect from whatever is going on in the market. Market goes up, I sell some. Market goes down, I buy some. Just do the math and make the trades.
Posted on 11/19/24 at 12:04 pm to Vastmind
Try something else and ride it too long and get slaughtered, or successfully sell it right at peak. And realize that's the way shite goes
This post was edited on 11/19/24 at 12:05 pm
Posted on 11/19/24 at 12:07 pm to Vastmind
When did you sell? I say bravo man. 250k is some serious money. And major balls to be down that big and not click the button.
Posted on 11/19/24 at 12:07 pm to Vastmind
When did you sell? I say bravo man. 250k is some serious money. And major balls to be down that big and not click the button.
Posted on 11/19/24 at 12:11 pm to Vastmind
Hard to go broke selling for a profit. I have a hard time with this as well
Posted on 11/19/24 at 12:13 pm to Billy Blanks
quote:
When did you sell?
I sold it this morning. I just see a lot of stuff about it's just a number on the screen until you take profits. I know in my heart that it will continue to rise but I still have 80% riding.
I've been to the bottom with it, so I don't want our lame duck prez to start a war with Russia and the market to crash without at least making my money back.
Posted on 11/19/24 at 12:14 pm to Vastmind
So you've profited around $7k and have 485 shares left. I wish I regretted trades like that.
Posted on 11/19/24 at 12:15 pm to Vastmind
Your stock is not your baby. You don’t cuddle it and pet its head.
It’s your work horse. You employed it for one purpose and it served you well.
Be happy.
It’s your work horse. You employed it for one purpose and it served you well.
Be happy.
This post was edited on 11/19/24 at 12:16 pm
Posted on 11/19/24 at 12:15 pm to RoyalWe
quote:Day trading/scalping/volatility trading is more fun.
Market goes up, I sell some. Market goes down, I buy some.
If it goes up 100% over six months you double your money. But you make a whole lot more if you buy and sell all the little peaks and valleys in between. The cool thing is you can make money doing this even if it goes down 100% in 6 months
Posted on 11/19/24 at 12:30 pm to Vastmind
quote:
How do some of you experienced guys deal with the guilt of what might have been?
Pretty simple - would you buy $250k of MSTR if you didn’t already own it?
That is how everyone should treat their holdings. It’s the prudent and rational way to invest. No need to worry about guilt down the road if you make rational investment decisions. The guilt is only a problem when you make emotional decisions.
ETA - I think about that guy who bought 2 pizzas for 10,000 BTC back in the day. Sure it’s fun to think they’d be worth $940,000,000 today, but I’d bet that guy would have sold most/all of it well before $94,000.
This post was edited on 11/19/24 at 12:35 pm
Posted on 11/19/24 at 12:44 pm to Vastmind
quote:
I sold it this morning. I just see a lot of stuff about it's just a number on the screen until you take profits. I know in my heart that it will continue to rise but I still have 80% riding.
Damn, still got 80%?
That's awesome. Be happy and celebrate a little today.
Posted on 11/19/24 at 1:27 pm to slackster
quote:Correct. Not selling it at the current price is the same decision as buying it.
Pretty simple - would you buy $250k of MSTR if you didn’t already own it?
Posted on 11/19/24 at 2:20 pm to Big Scrub TX
Right. Outside of some kind of significant tax situation that’s how all decisions should be made, and even then I’d be hesitant to make decisions solely on taxes.
Posted on 11/19/24 at 4:01 pm to slackster
quote:Yeah, I've seen plenty of pennywise, pound foolish behavior with 1031s.
even then I’d be hesitant to make decisions solely on taxes.
Every decision should be: what is my estimate of my forward return FROM HERE?
The OP appears to be taking the recent past and projecting it indefinitely into the future. Even if bitcoin keeps going up, is it really going to be 8X again in a reasonable time period?
Posted on 11/19/24 at 7:43 pm to Vastmind
Putting myself in the same position (I’m in the same position and have the same thoughts) i would feel the same way but you made a great trade and i do think taking some chips off the table is very fair. You still have skin in the game but you also de risked yourself and can use the money to improve your life. Very nice
Posted on 11/19/24 at 11:10 pm to Vastmind
I sold BTU after tripling my money back during the pandemic. Told myself do not sell no matter what. Had 20,000 shares at 1.26.
Yeah. I know your pain
Yeah. I know your pain
Posted on 11/19/24 at 11:13 pm to AuburnTigers
quote:
I sold BTU after tripling my money back during the pandemic. Told myself do not sell no matter what. Had 20,000 shares at 1.26.
Bro................
Posted on 11/19/24 at 11:14 pm to Double Oh
yeah
Posted on 11/19/24 at 11:30 pm to Vastmind
I’m happy for you, and also, I hate you in a very cordial way.
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