Read on Twitter
Can confirm the above. In the last year my top three trades: were opened at least 2 months. Some took 1-2 months to build a position. All made me sick to my stomach in fear but I HODL while charts+flow was confirming even after 20-30x. Not for everyone and not best risk mgt
One of the trades has be average down where my last buy was 0.25 of the original cost. NO LOTTOS. minimum 60 days out for these options but many were staggered full year out in expiration dates.
Small adjustments Iâve made is that if I am full size and itâs a bigger thesis I donât hesitate to add even if itâs larger than orig allocated. As long as i have time.
I also recall that my best trades were the quiet ones. This is just my own style. Poor record trying to long or short stuff thatâs popular.
I get really uncomfortable when I see masses getting into the same trade. Recent example, im very bullish metals and mining but not nearly the same size as I was in March and April. Just sitting on long term (forever) allocation and letting it run.
Vale for example. If they dump it tomorrow after ER Iâll keep buying all the way down to $6-8.
Another thing that I see mentioned and j must drill it into my head is dont force a trade. If you must be early then size down and BUY TIME. Example: Jan â21 HYG 80p for $3 in early October â19. $3 buys a lot of lottos but this laid a foundation for a credit short.
Then as other factors start appearing I would add near term expiry (eg jan and feb I was legging into April and May credit bear strikes. )
I learned that itâs ok to try and go back to the well for the same trade. Just be a lot more impatient w the trade than the original one. Many reasons but I think you can save a lot of money if you pull back and just sit tight for the next probable setup.
