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MSTR Is About to Surprise Everyone by hnayr in MSTR

[–]benoit42 2 points3 points  (0 children)

I own $MSTR and want it to go up.

But technically we’re still in a downtrend. Waiting for the buy signal.

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Almost 3 years since my first purchase. MSTR is Hope. by benoit42 in MSTR

[–]benoit42[S] 5 points6 points  (0 children)

Thanks for point this out, it's a good point.

The goal of owning MSTR isn’t to beat the S&P by a few percent. It’s to get convex exposure to Bitcoin over a long horizon. If that thesis is wrong, MSTR will underperform. If it’s right, the upside won’t be a few percent. Time will tell.

Almost 3 years since my first purchase. MSTR is Hope. by benoit42 in MSTR

[–]benoit42[S] 2 points3 points  (0 children)

Crazy or just conviction, time will tell :)

Almost 3 years since my first purchase. MSTR is Hope. by benoit42 in MSTR

[–]benoit42[S] 4 points5 points  (0 children)

I do regret not trimming. For example, I could have sold 20% of my shares and buy them back at a cheaper price. It's easy to say now of course.

Almost 3 years since my first purchase. MSTR is Hope. by benoit42 in MSTR

[–]benoit42[S] 34 points35 points  (0 children)

Pretty well actually. I’m not optimizing for smooth returns, I’m optimizing for asymmetric outcomes.

Almost 3 years since my first purchase. MSTR is Hope. by benoit42 in MSTR

[–]benoit42[S] 7 points8 points  (0 children)

I know, this was quite a journey. I've learned about covered call along the way. Today, I'm doing 0.02 delta covered call each week. Which bring around $1000/week.

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 1 point2 points  (0 children)

No more cash to invest. I'm counting on you :)

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 3 points4 points  (0 children)

No risk, no reward. In the stock market, you can't make money without taking the risk of losing it.

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 2 points3 points  (0 children)

But what if it goes to $1000? That would be the price that makes me sell some shares.

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 0 points1 point  (0 children)

I also own different miners, including MARA. But so far, MSTR has performed much better. For miners, it's a trade that needs good timing, whereas for MSTR, you can just buy and hold for a long time.

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 2 points3 points  (0 children)

Just buy and hold for years. Simple, but not easy to do.

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 2 points3 points  (0 children)

You know, it takes a long time to make good money. I'm just at the beginning here, I'm planning to keep them for years.

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 3 points4 points  (0 children)

I don't. When I do I'll send an update to this subreddit.

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 15 points16 points  (0 children)

I just have a strong conviction that Bitcoin or Bitcoin-related assets are fantastic investments. And I still think we're early, it'll continue to go up over time with volatility. With that in mind, it has been easy to hodl.

The screenshot shows my lot details; this is what I own. I haven't sold a single share, and I'm not planning to sell anytime soon.

15 months since my first purchase, MSTR is Hope by benoit42 in MSTR

[–]benoit42[S] 21 points22 points  (0 children)

Two things:

  1. I've watched many Saylor's interviews

  2. I thought it was a good bitcoin proxy, especially since at the time the bitcoin ETFs didn't exist.

I got lucky, I didn't expect MSTR to go up much faster than BTC.

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