MSTR TSLA Pair Trade Update MEA CULPA (Patreon)
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Hi Team
a quick note on the retirement account swap
it is going well but i shot a little prematurely into a swap during the Earnings Call in after hours.
STATUS SO FAR
first swap made 4.59%,
second swap 5.73%
third swap is unrealized gain now of 2.51% but it was too early - i could have swapped at a rate of 800 TSLA Per 100 MSTR.
MEA CULPA
The key takeaway here is that, given the tax-free nature of the retirement account, I tended to overtrade and act hastily without waiting for the chart to signal a clear turn in TREND. I missed a prime opportunity to increase my TSLA holdings by 14% by waiting, but instead, I only achieved a 2.51% return and have not swapped back yet.
The experiment and learnings will continue - but hey -
1) NEVER GO BROKE MAKING PROFITS
2) DONT OVER TRADE
3) DONT GET GREEDY
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