When to Sell
-
Radu - I saw that you sold Metaplanet when it went up 150% the other week. I have it too, but held b/c I thought it might keep going up. As we know, it went back down to about half the value a day later. How did you know it would go down? Do you have an approach for taking profits? I figure I'll have more opportunities like that later this year with the various bitcoin treasury companies.
-
It’s not particularly sophisticated — if a stock jumps 100% in a single day, I see it as exuberance and generally expect some mean reversion. Anything that doubles in a day can just as easily drop 50% the next day.
With that in mind, I decided to lock in some profits by converting some of my position to MSTR, which I consider my core position alongside BTC.
Keep in mind this is done in a non-taxable account, which makes moving in and out frictionless.
