I don't talk about conviction trades much, but, for the first time in my life I'm actually well-positioned to actually take a high conviction trade.
PSA, I am an awful trader, but my conviction plays usually turn out well.
A history of me being early, but always too poor:
$BTC at $350, but I bought a MIDI keyboard instead. I faded until 2017.
$TSLA at $60, but I didn't have $60 to my name.
In 2017 I bought
$ADA at $0.02
$TRX at $0.007
$ETH at $150
But I sold it all to pay rent for a measly $750 profit (3x my investment.
However:
I bought $SOL at $30, and again at $20
$TRUMP at $3, but fumbled it on M3M3 -> 10x'd small size
$GOAT at $0.30 -> 10x'd small size
$CLAUDE (goat deriv) 100x'd small size
Now I'm hoping $ORE ends up being the high size (for me) conviction play that removes me from the trenches once and for all.
Time in the market > timing the market.
If I hadn't faded things because I "missed them," I would be in a lot better place.
24.32K
56
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.