u/New_Kaleidoscope9242

I saw the PPI report this morning and then we proceeded to pump in pre-market and knew this was a golden opportunity to buy some puts at open. Was planning on putting about 5k but accidentally fat fingered and clicked max and bet my whole 44.5k 😂. I noticed right after I clicked confirm order but it had already gone through. I then watched my portfolio go from 60k Canadian to 40k and then back up to 60k within a matter of 10 seconds. So what did I do? I listened to the wise Warren buffet… “freak the fuck out and panic sell everything” sold 30 seconds later for a $500 gain. Then I jumped into the actual position I wanted with the $5k and made roughly a 75% gain. I know my grandpa is looking down and proud of me for getting these gains through pure hard work instead of diligently investing like some r/investing loser.

I am a POET bull, I made a hefty profit over the last few months by strictly trading Jan 2028 calls and some shares. If you are wondering how my portfolio doesn’t take a massive dip. It’s because I sold the day before they announced MRVL’s cancelled order, mostly out of pure luck. I thought that we’d head down to $4/5 dollars per share, but I was dead wrong. I was the bottom signal. I bought my 2028 calls back a couple days ago and sold today and switched into a small amount of short term puts at the top which I also sold today. This stock has been awesome for swing trading. With that being said, I want to caution the bulls out there that IWM & QQQ have been ripping and this has helped POETs share price a lot. When people’s appetite for risk drops and VIX spikes, this will sink heavily and you cannot get scared if you are holding when it drops or the same thing will happen to you when the MRVL news dropped where you sell low. This stock has potential to 10x in the next 2-4 years, but if you get scared out at the bottom, you will not make any money.

I just want my fellow bulls to take a minute to stop and think about how much their shares would be worth if this dropped down to $5/share tomorrow. Would you still be able to stomach that and hold? If you have the conviction that this will rise to $80/share will you have the balls to hold it at $5?