Exclusive Patreons Video #2
🕑 Added 2021-11-03 09:32:45 +0000 UTCThis video is about impatience in the stock market and how it could potentially destroy your portfolio.
Comments
HaydenRes
Wow
Arsen Torosian
Best advise I ever got
Anson
Luv your short video ...
JMTiongson
Wow! what a timely reminder, no wonder I subscribed to you Tom yesterday. I also did a stupid trade with Tesla 3 days ago. I accumulated 15 shares at an average price of 750 whilst trying to trend follow and put a trail stop at 1,020 when it was 1,100. Lo and behold it dipped and triggered my stop limit. Now i want to re purchase my 15 stocks back! stupid move and and a high price to pay for me. Thanks for the inspiration!
CC
I was buying TSLA when it was in the $100s but sold WAYYYYYY too early. I tell myself the mistake is a stepping stone to something even bigger sigh. Did anyone read a Peter Lynch quote where he said even if you bought Walmart 10 years after it went public, you still could have made 20-30x your money? or was this only something possible in the 80s and 90s?
Zaid
The Best thing I did in 2020/2021 is being a Tom nash Patreon.
Dean S.
You are human :) Though selling out 100% of a [I assume] significant position is never wise if you want to rebuy! The 33% guy was a wiser move.
Daniel Garcia
I made the same mistake 😆
Ricardo Rodrigues
whenever I look at my little piece of TSLA stock that I started buying many years ago, not as many as I'd like :) and see 1350%, and, as you very well put Tom, has so much upside still, all I want to do is put all my money into it and PLTR as well! Also I do think, day trading, is a LOT more exposed to these rash decisions.. I have a story like this, in December 2020 I sold like 1.4 BTC for around 16k€ valuation - look at it now :) I just had to let it go
Ovidiu
Do you guys believe that FED will start tappering today?
Stephany Crowley
GREAT STORY! Thank you, WHEW I feel better now. I’m a newbie and a little while ago I saw my TSLA up 86% and thought “what goes up, must come down, it won’t be long before some negative article comes out or Elon tweeks something stupid and it dips , I mean we’ve seen the huge swings before right? for whatever reason I decided to sell 30% of my shares to take profit… Don’t laugh! I’m a newbie and only had 3 shares! I set a limit sell above the all time high… one share sold, and I thought GREAT, I’ll buy back in when it goes down… UM literally 10 minutes later it was up another 100 bucks! All this to say, I now have to buy back in higher and learned why I had always planned to hold long term. Thanks again, I love your honesty!
Ovidiu
I strongly belive that a short video from time to time especially for your patrions is the best idea lately! 😁😁
Ovidiu
Great story! Thanks!❤️
James Dono
It is hard topic to learn, taking feelings/emotions out of the equation.
Jay Jay
you are the best mother lover!
Calvin Britz
Thanks for the video Tom, I think a video on $CHEG would be a good idea, down 50pct as you may of seen yesterday. I picked up a few shares at 32.2
Arun Reddy
Like your honesty as always.
Rav
Oh and if we want a few more dogs and cats.
Rav
Thanks. I think we also may want to know when we would sell. For me it’s probably at retirement when we have to because of retirement account rules (about 5% at least a year). Another situation is diversification when the profits are so much that realistically we’re unlikely to spend all the money even if we live past 100. And finally need/want to use the cash. One potential trap I see is never selling because I expect it to go up. Time will tell.
Sehr
I had one share of Tesla. Got in at 810$ like 6 mos ago, then it dropped to 660$ or so. Waited a long time for it to come back up. Sold for 10$ profit. The NEXT DAY it spiked to 1000$. Wth! Same w Eth. Had 3 coins, but got tired of the lack of strong upward momentum. Sold all three (Bitrue account was compromised). Next day eth went up by 200$ a coin.
Genaro Sanchez
Best*
Genaro Sanchez
Question to everyone I love palantir but I have about 30 percent of my position on margin. I’ve thought about selling that 30 percent before the taper. What’s the place way to sell, maybe 100 at a time for the whole 30 percent.
Troy Goody
Ouch
Sultan Iman
Life
Herald Harrington
Thanks Tom, It is great to be able to reflect on and learn from your experiences both good and bad. I have a lot to learn, and I think your 24 hour rule servers all if us well.
Paul Stringer
I love your work brother ....
bassel haikal haikal
I wanna sell off all my FB stocks because I hate the company and I believe that they are responsible of spreading hatred and violence same like Instagram responsible for spreading show off and silliness. Fuck Facebook I hope they go bankrupt. The reason I am not selling it is because I don’t wanna take an emotional decision.
Emmanuel
It does… but actually at the time I thought it was the good thing to do as I was making 2,5x my money and played that in/out a few times… was a good lesson!!!
Generico Fakero
This still hurts
Emmanuel
Did exactly the same mistake when Tesla was at 592… before the split..