LogFAQs > #943403581

Man, once I hit 5 figures my entire trading strategy from there was to play very safe stocks with the majority of my portfolio (I knew I was going to throw a lot at Apple but would have to do a ton of research to figure out what else might have the most upside) and leave about 30% for SPAC warrants with the 20-50x potential where insane amounts of research is pivotal. (If anyone here actually does research and doesn't just trade on recommendations do some DD on MFAC - that's my next call). I know you think that my mindset would stay the same but if I 10xed my money, I know I could still lose it with dumb trades; I am very self-aware of this. It's why I continually laugh at myself for betting on GNUS and getting lucky to even have this money to play with. Trust me, the higher those numbers go the more fearful I get. AVCT was never blind faith for me -- okay, it started that way and then I saw the potential. I'm grateful for it because it has completely changed how I trade.

Also I'm still comfortable with these warrants long-term or I would never have bought them high, though I admit that buy was still me being emotional and somewhat revenge trading hoping for a good ER, since I decided not to sell and short that morning. But nonetheless I don't impulse trade anymore and before I take any position I still ask myself if I'd be comfortable holding a year from now. That's a rule I established when I was fucking with and getting burned by penny stocks, buying on hype and no research.

I may be taking huge positions but I've been pretty damn methodical about this and it's not as impulsive as you may think. If AVCT was the huge trade I wanted it to be, honestly I would have gotten lucky because of that news and I wasn't sure I even expected that opportunity for 6 months to a year - I just have no interest in 30% gains when you can have way more than that with patience and knowing what you're investing in. And what do you know I'm still at 100% gains and am bagholding 15 grand.

I don't think warrants are near as risky as you make them out to be though if you don't blindly buy them. If you do - well yeah, that's just gambling. I'll definitely be trading them in the future. It's just a very different mentality that goes into trading them than commons.

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- Blur -
Welcome to your Divinity.