Market Timing Lesson Learnt
I had a brutal reminder today that in most cases time in the market is better than timing the market. I had a significant amount of Tesla stocks that I had accumulated over last few years, thinking that they will come down somewhat in coming weeks. I sold them at an average price of USD 870/share last week with what one would consider a solid profit, only to see TSLA rocketing to 1000+ this week. Couple of those trades were manual and one was automatic based on hitting a target profit. That mistake costed me a good Tesla. Lesson learnt.