Big Mistake with Goldschmidt .....
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Before last roster update 2 weeks ago I had invested in buying 20 Goldschmidt cards. Paid from 1500 to 1520 stubs per card. He didnt go Diamond, But I knew he had to go Diamond with todays roster update. So I kept those 20 & bought an additional 20 ranging me in 1700 to 1720 each.
Here was my mistake & bad judgement call. 1 hour prior to the Roster Update being released. I saw his Buy Now go up to 4800 stubs. which is 300 more than his Quick Sell if he went to an 87 Diamond. I knew guaranteed he will get to atleast an 85 & good chance going to 86. Now 87 I felt would be a stretch. So my immediate thought was to sell them all while his Buy Now was up within that 4800 mark, which dropped down to 4600 buy the time I sold all 40 cards. Even at 4600, after tax is 4140 which was still 390 over his Quick sell at a 86 Diamond which is where I thought he would be upgraded to. Even if by chance he went up to 87 at a 4500 Quick Sell. I was only losing at worst 360 on a portion if them to as little as 180 on a portion of them. However to my freaking surprise & disbelief he goes up to 88 with a Quick Sell of 5500. I lost out on all those potential stubs because I panicked & chose to play it safe thinking I was making the right choice to maximize the amount of stubs that could possibly be made. I still made out ok overall. but I really could have done much better with those 40 cards.
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Don't think of it as a mistake, you still made stubs, yeah some were left on the table, but you would have felt worse if you held and he didn't go up
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@tonythetiger2k16 said in Big Mistake with Goldschmidt .....:
Before last roster update 2 weeks ago I had invested in buying 20 Goldschmidt cards. Paid from 1500 to 1520 stubs per card. He didnt go Diamond, But I knew he had to go Diamond with todays roster update. So I kept those 20 & bought an additional 20 ranging me in 1700 to 1720 each.
Here was my mistake & bad judgement card. 1 hour prior to the Roster Update being released. I saw his Buy Now go up to 4800 stubs. which is 300 more than his Quick Sell if he went to an 87 Diamond. I knew guaranteed he will get to atleast an 85 & good chance going to 86. Now 87 I felt would be a stretch. So my immediate thought was to sell them all while his Buy Now was up within that 4800 mark, which dropped down to 4600 buy the time I sold all 40 cards. Even at 4600, after tax is 4140 which was still 390 over his Quick sell at a 86 Diamond which is where I thought he would be upgraded to. Even if by chance he went up to 87 at a 4500 Quick Sell. I was only losing at worst 360 on a portion if them to as little as 180 on a portion of them. However to my freaking surprise & disbelief he goes up to 88 with a Quick Sell of 5500. I lost out on all those potential stubs because I panicked & chose to play it safe thinking I was making the right choice to maximize the amount of stub that could possibly be made. I still made out ok overall. but I really could have done much better with those 40 cards.
cashed out at a real good value.
cant feel bad for him ending up at 1 k more cause what if also covers him only being an 85 and you would have made 1 k less. -
I sold my 5 Aaron Judges @ 50k ... now is 100k+ ....fml
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@tonythetiger2k16 said in Big Mistake with Goldschmidt .....:
Before last roster update 2 weeks ago I had invested in buying 20 Goldschmidt cards. Paid from 1500 to 1520 stubs per card. He didnt go Diamond, But I knew he had to go Diamond with todays roster update. So I kept those 20 & bought an additional 20 ranging me in 1700 to 1720 each.
Here was my mistake & bad judgement call. 1 hour prior to the Roster Update being released. I saw his Buy Now go up to 4800 stubs. which is 300 more than his Quick Sell if he went to an 87 Diamond. I knew guaranteed he will get to atleast an 85 & good chance going to 86. Now 87 I felt would be a stretch. So my immediate thought was to sell them all while his Buy Now was up within that 4800 mark, which dropped down to 4600 buy the time I sold all 40 cards. Even at 4600, after tax is 4140 which was still 390 over his Quick sell at a 86 Diamond which is where I thought he would be upgraded to. Even if by chance he went up to 87 at a 4500 Quick Sell. I was only losing at worst 360 on a portion if them to as little as 180 on a portion of them. However to my freaking surprise & disbelief he goes up to 88 with a Quick Sell of 5500. I lost out on all those potential stubs because I panicked & chose to play it safe thinking I was making the right choice to maximize the amount of stubs that could possibly be made. I still made out ok overall. but I really could have done much better with those 40 cards.
Your logic was sound and this was unexpected. In a similar situation I would’ve done the same thing. Think of the Stubbs you made, not the ones you lost out on.
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@tonythetiger2k16 said in Big Mistake with Goldschmidt .....:
Before last roster update 2 weeks ago I had invested in buying 20 Goldschmidt cards. Paid from 1500 to 1520 stubs per card. He didnt go Diamond, But I knew he had to go Diamond with todays roster update. So I kept those 20 & bought an additional 20 ranging me in 1700 to 1720 each.
Here was my mistake & bad judgement call. 1 hour prior to the Roster Update being released. I saw his Buy Now go up to 4800 stubs. which is 300 more than his Quick Sell if he went to an 87 Diamond. I knew guaranteed he will get to atleast an 85 & good chance going to 86. Now 87 I felt would be a stretch. So my immediate thought was to sell them all while his Buy Now was up within that 4800 mark, which dropped down to 4600 buy the time I sold all 40 cards. Even at 4600, after tax is 4140 which was still 390 over his Quick sell at a 86 Diamond which is where I thought he would be upgraded to. Even if by chance he went up to 87 at a 4500 Quick Sell. I was only losing at worst 360 on a portion if them to as little as 180 on a portion of them. However to my freaking surprise & disbelief he goes up to 88 with a Quick Sell of 5500. I lost out on all those potential stubs because I panicked & chose to play it safe thinking I was making the right choice to maximize the amount of stubs that could possibly be made. I still made out ok overall. but I really could have done much better with those 40 cards.
Yeah we all have been there - at the very least you did turn a profit
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@eatyum_psn said in Big Mistake with Goldschmidt .....:
Don't think of it as a mistake, you still made stubs, yeah some were left on the table, but you would have felt worse if you held and he didn't go up
Exactly
cuz that's like watching the next poker hand after cashing out up saying I would've won that hand -
@tonythetiger2k16 said in Big Mistake with Goldschmidt .....:
Before last roster update 2 weeks ago I had invested in buying 20 Goldschmidt cards. Paid from 1500 to 1520 stubs per card. He didnt go Diamond, But I knew he had to go Diamond with todays roster update. So I kept those 20 & bought an additional 20 ranging me in 1700 to 1720 each.
Here was my mistake & bad judgement call. 1 hour prior to the Roster Update being released. I saw his Buy Now go up to 4800 stubs. which is 300 more than his Quick Sell if he went to an 87 Diamond. I knew guaranteed he will get to atleast an 85 & good chance going to 86. Now 87 I felt would be a stretch. So my immediate thought was to sell them all while his Buy Now was up within that 4800 mark, which dropped down to 4600 buy the time I sold all 40 cards. Even at 4600, after tax is 4140 which was still 390 over his Quick sell at a 86 Diamond which is where I thought he would be upgraded to. Even if by chance he went up to 87 at a 4500 Quick Sell. I was only losing at worst 360 on a portion if them to as little as 180 on a portion of them. However to my freaking surprise & disbelief he goes up to 88 with a Quick Sell of 5500. I lost out on all those potential stubs because I panicked & chose to play it safe thinking I was making the right choice to maximize the amount of stubs that could possibly be made. I still made out ok overall. but I really could have done much better with those 40 cards.
Our company president has a saying -- there is no such thing as bad profits (I work for a minerals/commodity trading company). You're better off selling and making a profit then speculating and risking losing your [censored] if you're wrong.
Worse thing you can do is buy at a high price thinking prices will continue to climb and lose a ton when the market falls.
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