Don’t be cowards. We will all comeback out the other side eventually. Unless you’re an old, then maybe not.
Like someone said (maybe on twitter).....expect the pump yest only to have rug pull today... July OTM SPY puts up 100%...
I don't get fancy. I buy index funds and hold em. People get fancy and get greedy and then they lose their shirts. They tend not to post about that so much though.
That's cool. I already have a 401k sitting around being boring. Me personally, I definitely post when I'm getting jammed up. UPS destroyedt me (for no reason) a few months back. ICLN too. Win some, lose some.
I should lock in my losses so the rest of you can reap a 10-20% rally the second the trades are confirmed.
Burry seems to be painfully early to every big trade he makes. You really have to have conviction and nerves of steel. That's why paper trading doesn't realllly make you better.
Paper trading is great to learn what a market, limit, etc. order is or test strategies, but it's easy when the money isn't real. Trade live and you'll begin to feel it. You can see if you HODL or HUDDLEUPANDCRY.
Dude had the right call on shorting TSLA but was early by a few months. I wonder if Gates closed his out.
Stocks are heavily gamed by both the Fed and big institutions. Leaks and insider trading also gums things up, so these kinds of calls become a rubber band of sorts. Wall Street is not going to ask for yet another handout after profiting off retail last Christmas, but you'll bet your ass when the "voters have spoken" come September, they'll begin to b**** and moan for their little bump along with CNBC and Fox Finance innocently pondering when Washington will have "the gumption and courage to react". Hell you can even argue the last handout/bailout in March 2020 is a huge reason why we're all in this mess rn.
Sir, that doesn't sound fun! Being a degenerate gambler is where the fun is at! Nothing says "winning" like taking $500 to $100k in a few days and then losing it all over the weekend when you think you're good at trading options and letting it ride, haha. In case it's not obvious I'm joking, but I do like trading options. I also do not win every trade, anyone who says they do, is either lying/insider trading/delusional or not using their own money etc etc.
Good link to check out if you are thinking about buying....long story made short. There is a market paradox over the past 20+ years where extremely strong and extremely weak markets both offer outperformance over the next 2 years. Extreme underperformance like right now offers better returns.
Along the same lines, I bookmarked this piece on Marketwatch a couple of days ago : Opinion: Those who buy stocks the day the S&P 500 enters a bear market have made an average of 22.7% in 12 months
If you're thinking of buying, I'd prob wait for 2 straight weeks of green. Midterms are historically down years that have big rallies after the elections. Inflation and it's bad effects are prime worries, so I guess cracking open that value investor book might be a thing to do until then. Maybe start buying a few months after Buffet does a well publicized cheerleader purchase (that he got for a yuge discount). I think y'all know by now that I'm a pessimist for the near term, so take it fwiw.
I enjoy being a degenerate gambler in the casinos. I'm a boring, conservative long term investor but do enjoy reading these types of threads; not for the schadenfreude but I just find it interesting.
