Comments on: Insider: The Year of the Speculator https://www.quietspeculation.com/2011/12/insider-the-year-of-the-speculator/ Play More, Win More, Pay Less Tue, 18 Jan 2022 02:58:44 +0000 hourly 1 By: Wade https://www.quietspeculation.com/2011/12/insider-the-year-of-the-speculator/#comment-29557 Mon, 23 Jan 2012 03:49:36 +0000 http://www.quietspeculation.com/?p=24812#comment-29557 This is one of the reasons I pay for content on Quiet Speculation. Honest looks back at how everyone did, and emphasis on doing it the right way. I am similar to you guys as far as hesitation goes. I tend to purchase 5-20 copies of a card and if I pulled the trigger harder or a few things I would be much better off. Look forward to the new tracker I keep hearing about and a whole new year of what should be some AWESOME modern calls going forward.

]]> By: Mike Lanigan https://www.quietspeculation.com/2011/12/insider-the-year-of-the-speculator/#comment-29009 Mon, 26 Dec 2011 00:13:32 +0000 http://www.quietspeculation.com/?p=24812#comment-29009 Great article. So important to look at actual profits and revisit the buys you have made over the past year. This is the first year I have really put my money out there for speculation. I think those of us who are cautious with our money will do much better over the long run so don’t get down on yourself for your caution. Right now I’m waiting on braid of fire and gifts ungiven to develop in modern. If they work out, my losses will be considerably less for the year. Keep up the good work. You are definitely making a name for yourself and should be in the conversation with the big 3 financial guru’s you mentioned in your article.

]]> By: mglewis https://www.quietspeculation.com/2011/12/insider-the-year-of-the-speculator/#comment-28960 Fri, 23 Dec 2011 18:41:50 +0000 http://www.quietspeculation.com/?p=24812#comment-28960 I think coming to grips with 'the fear' is important. Seeing the correct play is fine, but having the guts to follow through with it is what matters. I've found that the more I pull the trigger on well thought out trades, the easier it gets despite 'the fear'. The things that help me make a move include historical patterns and prices, my own experience, and not talking to too many people. I find that when discussing trades with people, their opinion will be influenced by their own fear. I don't need someone else's fear to talk me out of a good trade!

Sigmund, your question around knowing when to cut losses is a good one. When I make a trade, I often have a few reasons why I have made that trade. If things haven't worked out in a certain time frame, or my reasons have changed, it's often a bad trade that I should pull out of. This is a huge red flag for me. Once I start altering my original analysis, it's usually an attempt to rationalize a loss, and rarely if ever does a bad trade get better before it gets much much worse.

]]> By: SIgmund Ausfresser https://www.quietspeculation.com/2011/12/insider-the-year-of-the-speculator/#comment-28956 Fri, 23 Dec 2011 14:23:59 +0000 http://www.quietspeculation.com/?p=24812#comment-28956 Terrific article. I am in the same boat as you in terms of being risk averse. I have multiple regrets where I hovered my mouse over the "commit to buy" button and chickened out, only to see the cards' prices jump up. I bought 3 Elspeth Tirel at around 13$ when I could have bought many more. I bought Blazing Shoal & Disrupting Shoal at $0.25, but only bought a couple of each.

The problem for me is that I am so afraid of missing. If I buy 20x of a particular card at 5$ each and then watch it drop a couple bucks I will lose significant value and I want to avoid that where possible. Any advice on how to be less risk averse and how to cut losses sooner rather than later?

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