Advanced Micro Devices Inc (AMD)

[HailMary]

General question: Would you invest the same way after you made a fortune as before you made it?

Yes I would invest the same way. I've already made a fortune, and I continue to do the occasional long shot gamble with calls. I don't 'need' to do this, but why shouldn't I? Why would I change the strategy that got me here? My overall strategy is write puts on stocks I like, generally keep cash, keep any assignments for long term gains if I like the stock enough and I'm not overweight on it, and occasionally play the long shot when I feel there is a good chance of a run up.

This time I tried to play 2 longs shots back to back, which was a mistake. I knew better at the time, but I said what the hell, and rolled all the profit into more aggressive calls. Next time I'll be more conservative in the roll forward. I'm still capable of recognizing and learning from mistakes. If by some miracle these Jan 19 calls pay off, I will recognize that as luck and not a wise decision.

Now I will change my strategy to be much more conservative when I retire, but in the meantime, I might as well stick to this higher risk/higher gains game.