Individual Stock Picking Results After 2.5 Years

[Singuy]

I am guessing most people here have seen that TSLA is just going nuts. My portfolio of course is following suit. Another milestone reached today. 1 million dollars in gains, close to 3 years into trading. Haven't bought any stocks the past few months, just riding the wave. I will take profit in about 5 years.

[james.hendrickson]

Yeah, its because TSLA has earnings. Their cars look good, people buy them.

[LivingAlmostLarge]

I actually have TSLA stock from a while back. A long while. But not a lot. I threw in $5k. Oh well. It was just a boring play. I lost a lot in oil aroudn 2013-2015 and I haven't forgiven DH for playing commodities

[corn18]

I am guessing most people here have seen that TSLA is just going nuts. My portfolio of course is following suit. Another milestone reached today. 1 million dollars in gains, close to 3 years into trading. Haven't bought any stocks the past few months, just riding the wave. I will take profit in about 5 years.

That is awesome! I am always happy for folks that do this well.

[LivingAlmostLarge]

how's the portfolio doing now?

[Singuy]

Back to 1 million dollars in gains.

Bought 15k worth of AMD during the dip, invested a tiny amount in FVRR. That's pretty much it, didn't really do anything else with my portfolio besides watching the drama from the sidelines. All my stocks ended up being coronavirus resistant except for Tesla due to shut downs. The rest I think will beat expectations thanks for Covid. Console sales are spiking more than expected, computers are flying off the shelves due to home schooling and working from home. Ecommerce according to Shopify's CTO is at Black Friday's levels, every day. SHOP blew past its all time high today. AMD is getting very close.

Holding this amount of money wasn't drama free during this downturn. Everyone was telling me to get out before my stocks go to zero. The day everyone was telling, or even screaming at me to get out while I was still up was literally the lowest day for these stocks. Warren Buffet Wins again. People are ridiculously good at selling low and buying high.

[disneysteve]

Holding this amount of money wasn't drama free during this downturn. Everyone was telling me to get out before my stocks go to zero. The day everyone was telling, or even screaming at me to get out while I was still up was literally the lowest day for these stocks. Warren Buffet Wins again. People are ridiculously good at selling low and buying high.

Yep. Be greedy when everyone is scared and scared when everyone is greedy.

[Singuy]

Another milestone hit. Today the individual stock portfolio turns 2 million...crazy times!

[bjl584]

congrats on that.
Quite an achievement

[james.hendrickson]

Wow Singuy, great job. I'm looking at just over $10,000 in my portfolio. Thats far better than me.

[LivingAlmostLarge]

congrats!

[disneysteve]

That's fantastic, Singuy. Congrats.

[Singuy]

Portfolio is now at 3 million!

Post q2 earnings, all of them blew expectations out of the water. Tech is hot because it's not only making money, but all raising guidance. This has been the craziest month so far. Looking back, I can't believe my portfolio just went up another million in a month?!@ Tesla is doing a little too well. Might be a short squeeze due to naked shorting, may just be momentum traders who wants to dump after the split. Who knows but I am not going celebrate until the dust is settled.

Phase one of our retirement has been reached. I'll be reducing my working hours down to 32 until the next milestone which is 5 million.

[rennigade]

Thats insane! Do you put any of your shares in a stop limit order in case something goes into a free fall?

[Singuy]

Thats insane! Do you put any of your shares in a stop limit order in case something goes into a free fall?

Nope. If it free falls then it free falls. I don't have any attachments to this money as this is a long term play. In this market a free fall can be followed up with a huge recovery as we have seen just last week. Can you imagine if a stop loss gets triggered at say 1400 for Tesla, my shares got dumped, I owe uncle sam 280k in taxes...then stock split announced and tesla is now sitting at over 2k? Stop losses are a form of timing the market which can be brutal.