Imagine being short from March? You saw the world shutting down and businesses shut down and made the assumption it would lead to lower prices. Now look at you — broke and destitute, in the streets like a bum.
RULE #1 thru 1 million:
Your opinions or ideas only work if other people buy into them. If your ideas aren’t yielding positive results, adapt or get eliminated.
Investing, at times, can be very easy or very hard. Your mood, financial situation, education level, all affect what type of investor you’ll become. Even the best traders have bad days, weeks, even months. Expect it to happen. But the cardinal rule is more than anything else: “live to fight another day.”
Nothing wrong with making a tactical retreat, so if you’re out there clinging to that last put, that last short position — hoping that you too could be like the cross eyed fucked face in The Big Short — understand that fairy tales only happen in movies and you’re more likely to trade to zero than become the next Gordon Gecko.
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Who could have predicted how this has morphed out? Nobody. The value of money, renting it for interest per se is dead and that is not stable in the least. The internet names are obese stupidly so. Big accounts are now trading instead of investing. Nothing will change until it’s broken and bone-stuck-out bleeding on the floor. Cognitive issues do not apply because we need to see the blood else we don’t understand. So I guess wait for it.
I predicted it right in Exodus in March – buy ZM and FAANG still holding!
You didn’t notice the trend since April? Anyone that hasn’t been able to make money in this market is just stubborn or has a major short bias.
Meanwhile googling the fly… moonlighting?
https://thefly.com – or they stole your shtick?
From the liturgy of the church of “Le FLy” …. “This is wisdom, let us be attentive”.
Yup, there’s even recent write-ups about the “securities shortage”. (Perhaps a sign of peak insanity?)
I’m still short here and will likely add shorts today.