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Yesterday's Plan - Swap GOOG for TSLA (Patreon)

Published:
2023-05-05 14:43:32
Imported:
2023-05

Content

I shared this yesterday w Sanjay.... and I ran out of time.... I am a day late and a dollar short. This sometimes happens.  

Pair at the time was 1.52 GOOG shares for every TSLA

I am waiting for the next oppty. I do believe it is difficult for commercial companies to compete with open source software, because they cannot offer the same level of freedom and flexibility. Maybe they can monetize AI over time but they could also be disrupted over time.  My thesis is Tesla has a far higher chance of doubling ie $320 vs GOOG $220. 

The pair now just breached 1.59. I left over 5% on the table. 



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Comments

Anonymous

(and if I understand you right, that opportunity is now missed?)

Anonymous

Great move!

Anonymous

I did the same swap last week! 🤙

Anonymous

If 2 years ago i read this i didn t understand a thing. I m happy bcs the learning process. Also economics is a fascinating world.

Anonymous

Don't beat yourself up over it James! In fact, take pride in the fact that you have taught many of us and we (the students) are perfecting our craft. I nailed 1.53 in my IRA also believing TSLA will outperform GOOG over the next several months. The range on these two has been 1.5 to 3.0 (+/-) over the past few years, so even swapping some at 1.59 today, you'll have a 89% gain when it gets back up to 3.0. :-) Glass is half full buddy.

Anonymous

Thanks for sharing

Anonymous

So still worth a trade at this point?

Anonymous
>>107889562

Where do you house your IRA where you don’t have to wait 2 days for settlement? I spoke with the people at T Rowe Price, and they offer nothing that doesn’t require that settlement time. AND I learned this year that options are not allowed in IRA brokerages. I can DM you on Discourse if this isn’t info you want to share publicly.

Anonymous
>>107889562

All good. TD Ameritrade → Traditional IRA with Margin Trading enabled & Standard Margin Option Trading.

Anonymous

I like these kind of updates. Why? Schadenfreude? No no, not that. But because it is a helpful reminder that even pros don't catch everything.

Anonymous

James- wouldn't it be better to just sell both and hold cash for a bit longer? Seems like risk is much more to the downside all around so better entries later in the year?

Anonymous

Will Tesla run faster than AMZN?

Anonymous

Heh I did this more unfavourably when Google lower but Tesla was lower too. I agree Tesla being faster horse more likely.

Anonymous
>>107891684

That is the eternal dilemma. Sit out and miss possible gains or have conviction all will go down this year and develop nerves of steel to hold fiat

Anonymous

I did yesterday

Anonymous

Wonder how long to get to the $320 mark tho, I’d prefer it to be this year lol

Anonymous

earlier in the week i did this swap, moved 40% of my goog into tsla for the same thoughts, that tsla is a faster runner than goog rn

Anonymous

I would have FOMOed into the trade. Good to know that you stick to your principles.

Anonymous
>>107890896

Yes a while ago i was praying for TSLA to hit my target entry of $620 (pre-split), At $170, it is $510 for me, I keep adding whenever I have extra change, sometimes 2 shares, other times more. I keep adding and wishing it keeps falling as I am looking at 5 years out

Anonymous
>>107907523

That would be great , even 75% -80% of that would be good, thanks for the outlook 👍🏻

Anonymous

Hi guys, how do you get this chart on trading view, showing the rations between 1.52 - 1.59?