Over the past year, I’ve integrated a concept I learned from Stanley Druckenmiller into my process called “invest and then investigate.” This approach played a key role in some of my recent big trades such as $ETH and $IWM. Have you ever discovered a compelling idea, spent days or... weeks researching, and by the time you’re ready, a big portion of the move has already happened? That little hesitation creates what Druck calls “psychological paralysis”—you feel locked out, and it becomes mentally harder to buy higher. You then have to watch your big trade opportunity go without you or even worse, you get FOMO and chase the move, only to get caught in the pullback. Now, whenever I sense an opportunity with serious potential, I make immediate contact. I start small, just enough to get exposure, and then gradually size up as new information confirms my thesis and price action supports it. If i already have an initial stake, even if it’s small, adding as my conviction builds feels much more natural. This helps avoid adding too much size too quick, while also buying you time to really investigate the idea and build your conviction. Sometimes that starter position gets cut entirely, other times it grows into a large position. Making that initial contact has helped me tremendously when it comes to dealing with high conviction and big swing trade opportunities. 3x time U.S Investing Champion David Ryan also uses a similar concept within his trading called “mental health buys”. He will buy a small position in a stock he wants to own but that it is not perfectly setup yet, with the goal of eventually making it a larger position. Here is a clip from Stan Druckenmiller discussing “invest and then investigate” on the In Good Company podcast.show more

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