To The Moon

$Tiger Brokers(TIGR)$ hmm profit taking. Well in a perfect world when I have extremely strong long term conviction in a stock I would prefer to never sell. But I'm on a fixed income and sometimes I have to take profits to pay for unexpected expenses. Or sometimes just a treat.

The week before last was a rare one, where i actually sold a lot of stock, an pulled $15k Of pure profits out of my tiger account to buy into another investment... a car. 

A car??? U are mad I here u all saying. Well

Was a mad to buy $Rocket Lab USA, Inc.(RKLB)$ for an average price of $3.60 per share, and very reluctantly trim my position for around $44.50? Was i crazy buying $Palantir Technologies Inc.(PLTR)$ at $69. Insane picking up $SoFi Technologies Inc.(SOFI)$ at around $9 ish off the top my head. And am I an absolute lunatic buying $Venture Global, Inc.(VG)$ now in the $12 to $13 range. 

Back to this stupid car "investment". Spending $15k on a 1992 Toyota Land Cruiser. With 350,000kms on the clock. Well for a start I can drive it. U can't do that with a stock. But more importantly I approached this investment with the same DD I use to invest in a stock. I don't use technical analysis, a lot of fundamental analysis. But fundamentals are backwards looking. 

I use a forward looking approach. What is going to happen in the future, and how much certainty can I place on this. And I avoid all the noise. With the Land Cruiser, it's very old.  But it's built like the very first iPad. It will last. Incidentally my very first iPad brought in 2006 still runs.

And the land cruiser of that error, is highly sought after because of its superior off road abilities. It can do things off road that very few others can. I'd Go on and on but we are all about stocks here, not cars. But I will conclude with brought it last Monday for $15k, had a cash offer today for $21k which i rejected with impunity.

So back to the question, when to sell? Well i sold because I could bank some of a 10x return. And also rebalance my portfolio that was way too much in one stock. And I brought into something else that I have a huge belief in. And can actually use and enjoy. 

I am in a rare position I think. I'm not a millionaire or a stock guru. I Started with $10k in tiger about 18 months ago. At one point I was at $50k, but I've now almost pulled out $30k. Just playing with the houses money now.

I Have a very clear strategy of choosing stocks that are in my mind seriously undervalued. And I spend my time learning absolutely everything I can about them, sifting out the noise, and accumulating. All the stocks I have mentioned above, I still own, and I'm buying more as funds allow. but I'm also selling if and when I need funds.

If you follow Me, you will know my portfolio returns are in the top 2% Of all tigers. Over 1000%. With about 10 years left to retirement, I decided I had only $10k, do i play safe, like I'm told I should. Or do I leverage a lifetime of knowledge and take educated risks. So far it's working for me, but everyone is different. Lost a few k here and there on stuff that I've been wrong on, but made way way more on good moves. And I reflect On, what was in hindsight a bad or good investment decision.

So sell if you must, take profits for sure. But you had profits because you were lucky. But if you made profits because u were right, don't sell unless u have convictions that what you are selling is not as good as the next thing you are buying. Or in my case, just one stock going so crazy I had to trim.

Happy trading tigers

@Daily_Discussion @TigerStars @TigerPM @TigerWire