iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,663 Blog Posts

Dealing with a huge win

I will not be trading the futures today, therefore I will pen an entry I’ve meant to log for some time. Here is how I deal with a huge win.

Stay calm. There is no need to react. Before any trade or investment is made a plan ought to have been formulated, where you pull up a price chart and mark where your trade is right or wrong and where or when you will close the position. Take my massive win in Tesla. I have stated numerous times that not a single share will be sold until the 1000 handle. Has TSLA printed 1000 yet? No. Therefore no action is required. Maybe I accumulate more shares soon.

Clean something. Whenever there is a big change to the numbers on the screen showing how much I am worth to bankers, I start cleaning. Not tidying. Full on cleaning. Pull the oven out and clean up all the crumbs behind it. Scrub the floors and walls like you committed a crime. Use caustic sodas and acids (not at the same time!) to break all the built up residue off the range. Take the baking pans in the back yard and hose them down real nice, then throw at least one pan into the trash—the one you cannot admit to loving or one you blew out attempting some Martha Steward recipe. Purging low use or thrashed kitchenware is good for the soul.

Read a book. Preferably fiction. Most of my business oriented homies pigeonhole themselves into the self help and non fiction case study genre of reading. This is not good for the mind. Explore the works of a famous writer, like Kurt Vonnegut or Herman Hesse. Read the whole bloated Douglas Adams series if you can suffer through that much rambling British humor.

Dig hole. As mentioned before, there is no sense taking action simply for the sake of action when it comes to investing and trading. Your job is to formulate a plan and stick to it. Instead of digging a proverbial hole in your finances, dig a real hole in the ground. This will serve to ground you, and also you can do something cool once you have a kick ass hole, like bury a 5-gallon bucket full of newspaper scraps.

Pull weeds. It is nearly that time in the north where every orifice of dirt will spring to life with unwanted plant life. Work these weeds out of your life, and feel the same unwanted thoughts pulling free from your mind.

These are my methods of handling a huge win. They have been developed over the years. A much younger and more eager Raul would sit and stare at the computer screens, worrying. Do you know what all that worrying added up to? Nothing but a few more greys in my beard.

What is your favorite method for dealing with a huge win?

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6 comments

  1. matt_bear

    why in the world did you not sell TSLA in the 900’s with the type of action it was getting? I totally understand your philosophy under more “normal” investment scenarios. But this was casino pump craziness.

    The damn thing went from sub 200 to upper 900’s in 6 months. Time value/ROI you won’t likely see again.

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  2. videobot

    How do you handle stop losses in this scenario Raul? None?

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    • Raul3

      Tesla is a special case, a movement, a changing of the guards.

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    • Raul3

      Typically, when a position is validated or “proven right” by a large directional move in my favor, I draw a 68% fib line the length of the initial move, and use any pull back to that level as a barometer to take a stop loss if the move never reaches my profit target.

      With Tesla, I have drank to kool-aid. I will ride to either 1,000 or zero.

      Good question.

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  3. phoenix

    I appreciate this post. It gets really exciting when the coins start spraying out of the bottom of the machine, and it becomes too tempting to try and micromanage wins. Finding a good position, and knowing when and how to exit, is great advice.
    I haven’t been able to cope at all. I get a massive dopamine rush shot up the spine that nestles into the pleasure centers of my brain, followed by an extreme erection – the type that has all the veins popping out. And there I stand, throbbing and erect, naked in all my glory, breathing deep and deliberately the sweetest air I have ever breathed.
    So ya, anyway, it’s good advice. Next time I will put some pants on and try weeding the community garden.

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