Chris Pumpstead

A lesson that just costed me $30

Two days ago I was messing around with some options and invested $30 in a $SOL option.

The first 5 hours into it were looking good, so I just went to sleep. Just like any day.

Woke up at midnight and decided to see for a moment how was my money doing.

Saw a solid 20% profit, I was so thrilled I even screenshotted it and showed it to a friend. Then I just went to sleep again hoping I could get serious gains through the next day.

I woke up with around 30% my initial investment down. At first, I wasn’t panicked, I just said “well this is normal, it will go up soon”.

It was going up and down but nothing was like what I saw before I went to sleep. Until I saw it wasn’t going to go up anymore.

While I looked at my money going down and down I just told myself “why didn’t I just sell when I had a clear opportunity?”

Many of you guys must know the answer: the thought of getting a bigger profit”. And yes, that was exactly my thinking.

You must now be thinking that now I should be called “Chris Dumpstead” and yeah, I can take that L.

That’s what I did. I accepted that I screwed it up and just say “maybe it’s not so bad at all”

And it was. What I learned yesterday is way more valuable than the money I lost, because is an error that I would most likely not fall into again (not gonna lie, I will be doing it again but it won’t be so often than if this didn’t happen)

At the end of the day I, in terms of profit I was comparing a win with another win, which is hilarious now that I think about it with a cold mind.

This morning I had something bouncing on my mind and it is “if the profit already satisfies you, then it’s good enough for you” just think about it, if you see that you’re having a good profit just don't be afraid to sell it, because you already won. Don’t let the FOMO eat your mind.