You're going to want to hear this. This is the story of the most expensive cup of coffee I ever had >>> $162K!!

Now I bet you're wondering how on earth is that possible.

No, it wasn't Kopi luwak, also known as civet coffee or cat poop coffee, which is a rare and expensive coffee that comes from the partially digested coffee cherries of the Asian palm civet, a cat-like mammal found in Southeast Asia and sub-Saharan Africa: Let me elaborate....If you have been trading for any period of time. you probably have your own trading war stories. As traders, we tend to remember the "one that got away" even more so than the ones we caught and did great on, I guess it's human nature.

We had visitors come in from Colorado (my wife and I live in El Paso Texas now) and right after the stock market open on this particular day, I was watching a trade setup with the intention to enter the trade (about 1,000 shares at around $13 or so), my wife called me downstairs to have coffee with our visitors before they headed back to Colorado.

The stock that had caught my interest was DWAC (Digital World Acquisition Corp.) a SPAC (special purpose acquisition company) that was involved with the acquisition of the Trump Media & Technology Group.

With the Trump name behind it and "meme" stocks being hot at the time, I figured it would catch the attention of the fintwit community and potentially rocket upwards.

Unfortunately for me, I was too right. Thinking I had at least a little bit of time to relax with our guests and have some coffee with them before they headed out and then head back to the computer and place the trade, I headed downstairs...

I offhandedly mentioned the trade I was watching and my brother-in-law was unenthusiastic about the trade even though I had given him some pretty big stocks in the prior year. Trump has that effect on some people but I digress.

Anyway, as they prepared to leave, I nervously looked at my trading app, only to see that the stock had broken out-in fact, it was really getting away from me.

After they left, I all but sprinted up the steps to see the stock was already getting away majorly. Fearing a significant pullback being that the stock had risen so far, so fast, I sat on my hands.

Remembering that I had been burned more than a few times over the years, buying a big moving stock at the close, only to have the stock gap down the next day, I decided to wait.

Of course, this time was different and after closing at 27.68 for the day (up over a hundred percent from my ideal buy point the day prior) it opened the next morning without a significant pullback and rocketed to $175 in the next two days.

...My $13K would have turned into a $162K gain in just 3-days. I was sick!

And all for a cup of coffee. Of course, in hindsight I could have done a few things differently for example, say goodbye to my guests earlier telling them I had to work, put in a buy stop at a certain price, reduce the number of shares I was buying if I bought the close to decrease the risk and take the trade, or trade the stock after hours or pre-market the next morning to manage the trade if it started going against me, etc.

Now this wasn't my first big miss, in fact it was one in a long line of misses, running into the millions of dollars. Stay at this game long enough and you'll have an extensive list of "oh, I wish I had done that differently" alongside of your big winning plays, again it's all part of the game.

This was part of my impetus for re-starting my trading club which had been dormant for a decade. To get lots of eyes on the cycle-based trades my trading system generates so that we miss far fewer and everyone benefits.

You can learn more about that HERE

Let's Rule The Freakin' Markets Together!

Paul Lemal