Paul

My first ever X payout: $138.09 🎉 This account didn’t exist 2 months ago

S&P 500 futures hitting all-time highs

I have to admit something. I bought $SIVE at SEK 11 on the 19th of March. I sold $SIVE at SEK 8.14 on the 20th of March. My mistake cost me €600. Let me explain, so you can learn form it as well. On big projects, I often join my sales engineers to make sure we secure the deal. March wasn't a great month for my business line and we had a final conversation for a big project. This would make or break my entire month. There was a lot of pressure from above to make sure we close this deal. Long story short, we didn't close the deal. The customer chose a cheaper, less qualitative short-term solution. Back in my car, I was furious. I felt my sales engineer pushed the customer too much into a certain solution, closing the options for him. I knew there was going to be a difficult conversation on why we'd lost the deal. Fuming as I was in my car, I opened X. The first tweet I saw presented it to me as the holy grail. A tweet from, back them a far lesser known, Serenity about a certain new stock; $SIVE. He already made some good calls, but as I was in a very busy period, I never had the time to do my own research on the companies and I never just blindly someone else. At least, I never had blindly followed someone else. Until now. 2 minutes later, I bought a 2-3% allocation in Sivers. I always scream that blindly following people is the biggest mistake an investor can make and that you always have to do your own research to build conviction. Yet here I was, rejecting my own rules. Of course, I immediately had a bad feeling about the transaction and luckily for me I only bought a very small portion. Normally I buy at minimum a 5% allocation, this time I bought less. Next day, I had the shit conversation with my gm and the divisional president. The conversation left me frustrated. I opened my broker app later that day and what did I see, $SIVE was down almost 30%. If I did my research and if I knew what I was holding, this would have been a golden opportunity to add some to my position. But this time, I had no clue what I was holding. I panicked and sold my position. I'm probably the only one who made a loss on Sivers since March, but I learned my lesson. I have to accept that I do my research just for fun as my full commitment is to my job. Because of that, I will miss opportunities. There are periods that I just can't do a lot of research and that's ok, I should not be chasing hypes during this period. I try to bring you guys value by doing research on new stocks like $PL, $INV, Filtronic, $AMPX,... I don't get joy anyway in doing the 17th deep-dive in the same stock, so why should I chase that hype? I'm up 50% YTD with a unique portfolio, I'm transparent and try to give you guys as much information as possible. I'm proud of that and will continue on this route. I did not post anything on $SIVE because I did not do any research and could not post any information. I learned my lesson now. You will have shit days at work like me, feeling the urge to chase every opportunity. But please calm down and know you don't have to buy every stock you see on here. Do your own research, you'll be proud of what you can achieve.

JUST IN: S&P 500 futures hit all-time high of 7,560