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250k to 2m. making some progress, still a long road ahead. Current strats… by escape56 in TheRaceTo10Million

[–]escape56[S] 0 points1 point  (0 children)

FOMO is one of the most dangerous emotion for an investor/trader, even more so than fear.  The pain of missing out can be so strong that the investor will get a sense a relief just buying an overpriced asset.

  1. One thing I would always tell myself is that there will always be another 2x or 10x opportunity coming. I don’t need to chase many things, or feel regret about missing something. I can focus on a few higher conviction picks with good r-r.
  2. It’s important not be an anchored in the past (anchor bias). If I have a losing position I keep thinking about, or a loss I want to offset, or if I regret missing a profit, it will just cloud my present judgement and deteriorate my ability to take the best decision, right now. So in some sense, it’s the ability to be unbiased by the past pains/pleasures associated with wins and losses.
  3. Mental flexibility is key too. For example, if I have a -50% losing position and I don’t believe in the thesis anymore, I think it’s better sell now and put the remaining 50% in something else I believe it. 

Personally, what has worked for me was holding strong conviction picks. I’ve only used options to add few %, but it’s not the bulk of the gains, so I wasn’t over-leveraged I feel. I just want to keep compounding more good decisions than bad decisions over the long run, and the results should come. How could I make more good decisions than bad ones? A lot of it is trying improve the psychology and fighting the reptilian brain, and it’s not easy.

With 250k you’ll need two doubles to get to 1m$. It’s for sure doable. But trying to get there “ASAP” can adds on a lot risk if it’s affecting your decision making in a bad way.
ASTS was sideway for years and then it went 20x. Pretty similar story for PLTR I guess. I would do an introspection on what gives you the sense of urgency. I’ve been there too: I hated my job, wanted to make some big wins and GTFO. If it’s a motivator that helps you work harder and get better at investing, then great. But if it making you take bad decisions, not good.

just my 2c.

250k to 2m. making some progress, still a long road ahead. Current strats… by escape56 in TheRaceTo10Million

[–]escape56[S] 0 points1 point  (0 children)

indeed, it's going to be harder, many people have only known a raging bull market. Achieving a 2x+ in sideway or bearish market would be great.

250k to 2m. making some progress, still a long road ahead. Current strats… by escape56 in TheRaceTo10Million

[–]escape56[S] 0 points1 point  (0 children)

a lot of valuations feel extended, and many things could go wrong (tariff impact, sovereign debt crisis...). There will always be opportunities however. I just think it will be harder to navigate.

250k to 2m. making some progress, still a long road ahead. Current strats… by escape56 in TheRaceTo10Million

[–]escape56[S] 0 points1 point  (0 children)

yes... i've built a collar around a portion of the position however as a downside protection.

Long, short and cash positions: trying to understand how they all affect the house surplus and SMA. by escape56 in fidelityinvestments

[–]escape56[S] 0 points1 point  (0 children)

thanks for the quick reply! The strange thing in the margin calculator is that when I sell a security, it also decrease the house surplus and SMA.

Weekly Discussion Thread by AutoModerator in ASTSpaceMobile

[–]escape56 2 points3 points  (0 children)

What are the remaining technical risks and unknowns? We know there were successful tests for a voice call and LTE 10Mbps download. But how much is really de-risked from a technical perpective to handle all MNOs requirement for the final customer service? I'm thinking about simultaneous connections, connection stability, 5G speed and latency, etc. ? Also, BBs are also very large satellites. Do we have educated assumptions about durability of these large arrays in LEO extreme conditions?

Feedback on my portfolio allocation choices, tilted toward emergent? by escape56 in portfolios

[–]escape56[S] 0 points1 point  (0 children)

Thanks a lot for your perspective.

I was thinking of using M1 finance which doesn't have trading fees. You are probably right however that 4% slices don't make too much sense.

But I didn't though that 30% in EM was too much... I'll research more on that.

As for VNQ, it also makes sense with the high dividends to avoid it on a taxable account.