Disclosure: I have an advanced business degree and know better, but for some reason I can't help myself.
Situation: In my investment account I have 10% I use to play around with options. 50% in Nintendo and 40% in the New York Mercantile Exchange. I'm up like 15%+ so far this year and we're only in July. These are recent buys, I previously cashed out of Nvidia and I made a few bucks playing Crocks and betting against the sub prime market right before the peak fall out.
I'm basically up a lot on the NY Merc for holding a week. I got in at 128 and I want to dump it. This is normal except the only reason I want to do it is because I want to put in all in Nintendo which would make me 90% Nintendo.
Again I understand that I should be much more diversified, but when you think you have a winner it screws up your reasoning. So help me and talk me out of it. I know better, but the desire is just too strong.
I'm not worried about retirement since I'm young and I have a 401k through work in a S&P 500 index.
Situation: In my investment account I have 10% I use to play around with options. 50% in Nintendo and 40% in the New York Mercantile Exchange. I'm up like 15%+ so far this year and we're only in July. These are recent buys, I previously cashed out of Nvidia and I made a few bucks playing Crocks and betting against the sub prime market right before the peak fall out.
I'm basically up a lot on the NY Merc for holding a week. I got in at 128 and I want to dump it. This is normal except the only reason I want to do it is because I want to put in all in Nintendo which would make me 90% Nintendo.
Again I understand that I should be much more diversified, but when you think you have a winner it screws up your reasoning. So help me and talk me out of it. I know better, but the desire is just too strong.
I'm not worried about retirement since I'm young and I have a 401k through work in a S&P 500 index.