Part 5/9:
The advice is to avoid celebrating wins prematurely or lamenting losses that haven’t actually occurred. Counting unrealized gains or losses leads to emotional swings, which are counterproductive for a calm, rational investor.
8. Buy Tesla with Short-Term Intentions
This rule ironically suggests that buying Tesla to hold for just a brief period is foolish. The better (or worse) approach, per the satire, is to treat Tesla as a long-term hold, even if you expect the stock’s value to fluctuate wildly in short span—implying that frequent trading is a losing game.