i said cash out a couple mil, i’ll have double digit millions in port to still work with, just more passively.
i was skeptical at first too, but it really doesn’t take that much risk to print a stupid amount of $ in a market like this, leverage helps you exponentially long as your not completely fucking stupid. don’t short anything (at a price you don’t want to sell/own, atleast, if you want to for whatever reason), don’t trade shit you don’t understand, and cut your losers fast/let your winners run
follow those basic rules and it’s impossible to get margin called (long as you don’t max it like an idiot, top out at 50% or so to give yourself buffer zone)
Yeah ok so you’re levered up, think everyone else doing the same thing are ‘fucking stupid’ ‘idiots’, dumber than you, because you have the secret sauce to doing it slightly differently.
I will now quote my original comment:
… you’ve got the day traders, and they almost always get their clocks cleaned, they just develop a neurotic-obsessive personality based on ‘no, I’m the one guy that can outsmart the market’.
I didn’t expect one to actually appear, but, well hey there ya go.
I guess I should also amend ‘grandiose narcissist’ to my psych profile of the kind of person that does what you’re doing.
Here, lemme throw the ZeroHedge motto at you:
“On a long enough timeline, the survival rate for everyone drops to zero.”
there’s an old saying that goes pigs and lambs get slaughtered, bulls and bears can always make $.
it really isn’t nearly as risky as everyone makes it out to be if you use a modicum of common sense.
granted, there’s also Buffet’s old saying that everyone is a genius in a bull market…which is precisely why i’m using all the leverage i safely can…all this ratfuckimg is being pumped into the msrkets, might as well take as much for yourself as you can while it lasts because the crash is coming sooner than later (can’t time the top, but you can buy insurance via puts on the blatantly overpriced indices)…that’s the big filter that seperates those that know from those that think they know
… right.
At no point did you deny that you’re using leverage.
Which means that if your understanding of ‘how it all works’ is… wrong… in any significant way…
Well then your personal situation unwinds in a micro version of how the rest of the economy currently is.
Your strategy relies on never making a significant mistake.
Statistically, you will.
Oh right, also this:
A few million is nothing.
Maybe enough to confidently own a pretty nice home.
Assuming the starving mob doesn’t visit you.
In terms of fixing society?
That’s roughly on the scale of helping hundreds or thousands in your local community, on an ongoing basis.
Nothing, in the grand scheme of things.
… A couple million?
Jeff Bezos makes ~3 million dollars in a single hour.
An hour.
Try and square that, really try and think about that.
That house you wanna get, that non profit you wanna set up?
That you took huge risks for, for multiple years, some how lucky enough to never fuck up?
That’s an hour of Jeff sleeping.
He could see your house, or envision that non profit in a dream, and then on a whim, just buy 8 of them when he wakes up.
The solution to this, to trying to fix society, is not trying to beat them at their own game.
The solution is breaking the rules of the game.
After all… that’s how they got to be where they are.
i said cash out a couple mil, i’ll have double digit millions in port to still work with, just more passively.
i was skeptical at first too, but it really doesn’t take that much risk to print a stupid amount of $ in a market like this, leverage helps you exponentially long as your not completely fucking stupid. don’t short anything (at a price you don’t want to sell/own, atleast, if you want to for whatever reason), don’t trade shit you don’t understand, and cut your losers fast/let your winners run
follow those basic rules and it’s impossible to get margin called (long as you don’t max it like an idiot, top out at 50% or so to give yourself buffer zone)
Yeah ok so you’re levered up, think everyone else doing the same thing are ‘fucking stupid’ ‘idiots’, dumber than you, because you have the secret sauce to doing it slightly differently.
I will now quote my original comment:
I didn’t expect one to actually appear, but, well hey there ya go.
I guess I should also amend ‘grandiose narcissist’ to my psych profile of the kind of person that does what you’re doing.
Here, lemme throw the ZeroHedge motto at you:
“On a long enough timeline, the survival rate for everyone drops to zero.”
Good luck with your dance.
there’s an old saying that goes pigs and lambs get slaughtered, bulls and bears can always make $.
it really isn’t nearly as risky as everyone makes it out to be if you use a modicum of common sense.
granted, there’s also Buffet’s old saying that everyone is a genius in a bull market…which is precisely why i’m using all the leverage i safely can…all this ratfuckimg is being pumped into the msrkets, might as well take as much for yourself as you can while it lasts because the crash is coming sooner than later (can’t time the top, but you can buy insurance via puts on the blatantly overpriced indices)…that’s the big filter that seperates those that know from those that think they know