I never had brain farts that cost me dearly monetary wise for some time (touch wood).
Brain farts, for those that are not acquainted with the term, is some temporary mental lapse in judgement.
I think the closest was in 2009 January. That was in the midst of one of the greatest financial crisis of our time.
I decide to spend $2,107 on a STI put warrant.
The idea was to hedge my downside exposure for the portfolio. Given that is the objective, if I lost money on this, at least it means the rest of my holdings would have recovered. If I made money then it will minimize my unrealized losses.
Turns out, my positioning sizing is a problem, and that holding on a warrant till expiry is a stupid thing to do versus selling off at some point.
This, has been one of the only time I lost ...