I blew out of GRUB today — made some coin — what else is new. The chart looks phenomenal — but I didn’t want to be in that shit-house for earnings — slated to post in the morning.
Food for thought.
None of you know what you’re doing. You do not analyze fundamentals and you do not have access to Big 4 accounting firm balance sheet analysis and have no idea if your stocks will beat numbers or not.
You’re not investing. You’re trading.
You don’t know more than me. I don’t know more than the market.
When up on a stock, or even down, barreling into earnings — sell it.
Because you don’t know anything.
What you can control is the manner in which you decide to trade — smart or stupid.
Leaving the outcome of your trade to fate or luck is stupid. You can risk it if you want — sitting atop gains, or feel nihilistic. I sometimes do it. But speaking to many of you the past year, getting to know your struggles — you have no business holding stocks into earnings — especially after a healthy and bright run in stocks.
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