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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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Comments

Yokosei

Hi, I'm new on the patreon. Can anyone tell me how to use the charts? Do I need to have a paid trading view account for a start? And do I need to upgrade my membership? Thank you!

nomad

How do you get the MSTR/TSLA trading pair to show up in trading view?

Snowman

I had to wait that day for the market to open so traded at 7.878:1 just traded back this morning at 7.0376 so made almost 12% in 4 trading days :) thanks James

William LernerDiaz Jr

I’d assume “tax free” account would mean this is a Roth IRA? I ask because I may begin to dabble into trading my Roth.

Fozzybear

I completely missed the MSTR trade, so I’m using Clean Spark / Tesla for swing trades in my ISA account. Loving the alpha as always..!!

Leonidas- Brugge Belgium

If your 70 and don’t have any money in an IRA or Roth IRA what is best way to trade without incurring taxes as you go. ? For example pair trading…..

Ace

What brokerage are u using for your ISA, mine doesn't let me trade paairs

CC

I read above that James does his trading at a Roth account at Robinhood. Would Fidelity allow someone to do these trades in a Roth? My concern is Fidelity saying it takes 3 days for trade to settle, or this looks like wash trading, etc.

Holdinaces

is that a 10 minute chart James is trading in this screenshot?

Uncle__Chas

Being the slowest learner in the group, I have studied this a ridiculous amount of time to get to the point where it makes sense. James could swap now (rate is 6.95 per 1 master). He essentially buying back the MSTR cheaper, and stacking the difference, to build his bag. Thanks for sharing James and happy stacking!

Invested

He uses margin. It’s not a wash sale in an IRA. Robinhood has after hours trading. Why don’t other brokerages have that option?

Teal

James or anyone, can you pls us an update on this MSTR-TSLA Pair Trade? It seems to be taking much longer this time than in your past trades. We are almost back to even today. Are you planning on holding MSTR through the 10/10 event? Thank you so much!