@TheAnalyst007OPT most certainly knows how to spend money like...

@TheAnalyst007

OPT most certainly knows how to spend money like it's other people's. I agree that most of the gains will come early, but my perspective is slightly different; more risk management.

Like with ZIP, when I bought in at under 35 cents, I watched it almost hourly because I felt exposed and might need to react quickly. However, once it hit 60 cents, I could stop worrying about day to day moves. Now ZIP that it's at $2, it's pretty carefree to win or lose 35 cents in a day. In the same manner, once (or if) OPT hits 50 or 60 cents, I’ll just let it roll, maybe even do a bit of range trading with $100k.

I hate chasing, especially on big green days. I know that with new information, we need to adjust our strategies, so it could make sense. However, I just feel and experienced trouble betting against momentum trading algorithms.