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Co-Wise: How did you start short-term trading?
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DCA is the best strategy!

Bought $Tesla(TSLA.US)$ back in 2017 for about 300$ pre split. Sold it in 2018 for a tiny profit and to decrease my cost basis. They were swinging between 200-300 all the time.

Finally, bought it back in 2019. I doubled down when it went below 200$. Had a cost basis of about 233$, which is crazy to think about now.

Sold some in the last months to diversify my portfolio from 80% tesla to about 35% now.

Do I regret it? Yes and No

I would have made more money holding TSLA all the way instead of trying stuff along the way, but I am very young and I don't want to purely depend on one stock my whole life, even if it's the best company there is. I barely had any money to begin with and cashflow as a student is limited.

So, yeah TSLA was basically my golden ticket to a diversified and somewhat larger portfolio. I learned a lot during the last 4 years and I am confident in all my newer picks. If they will outperform TSLA remains to be seen, but like I said it's not only about returns.

With a better strategy, I get much more returns now!
DCA is the best strategy!
As usual, DCA is the best strategy in the long run.
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Business insights and Undervalued markets analysis! DISCLAIMER: Articles & posts are not considered investment advice.
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