Look at the retailers today and in recent days — absolutely fucked in the face. Many of you were obliged to be long retail into MUH BLACKENED FRIDAY because MUH EVERYONE IS GONNA SHOP. Once you stop being stupid, then you could be smart. The idea that you should do what is expected of you is of course slow and fat, also sad. Stop pretending you’re special and you have a “certain something” to predict share prices, based upon some Hollywood induces “magical feelings.” None of that shit is real in the real world. What ends up happening is you get lucky once or twice and then believe your own bullshit en route to zeroing out the account.
If you want to last in this game, and not come and go like a whore, attempt to diversify your holdings, moving them often, keeping abreast of trend changes, and being humble enough to know that when you bought XYZ it wasn’t personal and when it went down on you it also wasn’t personal. None of this shit matters, other than the bottom line result.
To be diversified doesn’t mean owning a bunch of stocks. It means owning different stocks in different industries. Try to mirror your portfolio against the S&P 500 sector weightings for starters, with these principal sectors: Basic Materials, Consumer Goods, Healthcare, Industrials, Services, Technology, and Utilities.
Once you figure that out and have a good feel for the best stocks in those respective industries, you’re on your way towards the highest probability path towards wealth creation — which is compounding returns over the next 20 years.
I know this isn’t a popular thing to say in an era with fucked faces on Discord chats with hordes of other fucked faces following each other in headlong a variety of micro capped stocks — to pump and to dump — while at the same time “diamond handing” and “Aping” into call options en route to one billion dollars of net worth. The more likely scenario doing that is fucking zero. Any questions?
Ok, need to get back to trading. The Fed is talking shit now, fears of stagflation.If you enjoy the content at iBankCoin, please follow us on Twitter