In March, I bought TSLL at $8.55 per share and sold at $8.60 per share. At the time, it seemed like a reasonable short-term gain. Since then, Tesla's stock price has significantly increased, pushing TSLL’s value much higher, and though I could have earned more had I held on, I don’t regret my decision to take profits early.
Direxion Daily TSLA Bull 2X Shares (TSLL)
Tesla Motors (TSLA)
Looking back, I remind myself that it’s important to stick to my personal strategy, and for me, taking profits provided peace of mind. Tesla's valuation, in my opinion, has been inflated for some time, and holding on to TSLL in hopes of further gains would have been a gamble I wasn't ready to make. Selling early allowed me to avoid the stress of holding through potential market volatility.
Even though I missed out on the larger gains, I consciously avoid the temptation of "FOMO" (Fear of Missing Out). It’s easy to get caught up in the excitement when prices soar, but I know that my financial decisions should be guided by my own analysis, not emotions. It's a lesson I continue to remind myself: staying grounded and sticking to a well-thought-out plan is far more important than chasing every opportunity.
This month, the market seems to be in a bearish phase, which has made me even more cautious in my approach. I’m learning to be more selective and disciplined with my investments, and not just chase opportunities because of fear or potential regret. In a market like this, it’s even more important to stay patient and make decisions based on solid fundamentals, rather than emotional impulses or the hope of future gains.
In the end, while there’s always room for improvement in terms of timing, I feel confident that I made the right decision for myself. There’s always another opportunity on the horizon.
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