Risk it for the biscuit

I dunno about luck, but hope, is like a garland, and when you know how heavy it is, you wear it proudly!

 

We need to disagree here-- LUCK is a huge part of success in the markets, particullarly at the start. nearly every big time HF manager/trader had that one lucky break to make it into the big time. Now, I am speaking strictly retail here, not HF or other arb type strats--directional retail.

Strategy keeps you in the game, untill LUCK can work its magic and ramp up the account size.

Feel free to disagree, but this is my reality and everyone else I have observed over the years---its not a pleasant thing to consider, particullarly to engineer types, but LUCK is huge in the markets in oountless ways--

 

Without HOPE you wouldn't even get out of bed in the morning, let alone risk it in the markets.

 

--------nearly every big time HF manager/trader had that one lucky break to make it into the big time.---

yeah. that's how WS industry works. you open the fund AND if you got lucky(bull market)-you roll in with capital gains + fees. if you unlucky-you collect the fees ,close fund rinse and repeat. it's not their money anyway!=riskless

 

The OP is taking a gut feel gamble, nothing wrong with that as long as he realizes what it is.

 

I actually did something similar awhile back....went bareback into a chick that I knew had some "issues" awhile back cuz I assumed she got it taken care of. Everything turned out okay so I pretty much nailed that trade. #riskvsreward

 

well its 443 am and UWTI (bought at 17.97 ) is already at 20.70. Pre Market hours so I hope it holds on, but even if it chills out there that's not a bad gain even if I sell today. Its gonna be a long day. And regardless of what your opinion may be of "stupid luck" or not, 80% of stocks bought in my opinion are speculated, and if its speculated, it has a piece of luck involved. Sure method and strategy will certainly help add to your success, but if you want actual good returns your gonna have to "risk it for the biscuit" and add some gut reasoning to your speculation.

 

A plan is simply a template used to harness good luck or repell bad luck.

 

Well its all over now and regardless of what goes on with OPEC I managed to pull off a 20% return with the early morning rally. Pulled out early because 20% tends to be my cutoff amount with volatile etns such as these. So overall for the year im still at a 25% return and I made all my money back from a bad stock pick (lost 2 dollars in the end so not ALLL my money) but it feels good.

 

This is an example of aggressive risk taking!