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Diablo 3 (PC)
at 3:35PM PST on November 25, 2008.
Basically it was a mistake on my part for the first 3 Million investment. I didn't take into account the fact that the release date is so far away, and I didn't know (by that time) that all popular stock go up and up and up until their release date came close ( was focused on futures before, and didn't have experience in the GLS stocks).
The last 2 Million DKP is a change of strategy by me. Instead of doing what all other high networth player do (short near or during release), I am doing the opposite of it (investing when the release date is still far far away). That way, I can get into significant position without worrying that other high networth player might beat me to it (by driving down the price before I managed to get a significant position). Of course, this strategy didn't give me fast ROI, like it would for future etc, but OTOH, it also give me guaranteed profit (on the long run), even though I might be suffering from big loss in the short run.
I believe that for me to grow faster, I need to do something slightly different than other players, and this is one of the things I am trying out. Beside, I am running out of stocks to short that I have
in. Age of Conan is one of those stocks I don't have enough confidence to short.
Yeah, ideally I should just put short order on the higher price level instead of buying those 1 Million 1518DKP stocks, but I just couldn't resist it :).
I guess I am a little bit weak yesterday, and made an inefficient action.
Of course I can enjoy some profit by going small long on it together with other player, but that didn't seem the right thing to do, and I might miss the moment that someone decided enough is enough and started to bail out or get big short position by driving down the price some months before release date. It didn't happen yet, but I could it happening in the future.
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