I’ve got shit to do as I always do. I could go and find some graphs and post some potential setups for you but I don’t give a shit and you can do your own god damn homework.
I was thinking while driving about how if you spend a lot of time managing your portfolio, researching, checking the fucking ticker, that’s all time you have to incorporate to your such said “profit”. Time is money, time wasted looking at bullshit, reading bullshit posts and ultimately watching the tickers is all something you need to factor in.
Let’s say you’ve got a few million, maybe it’s worth your time, if you’re like the majority with a “bullshit 5 figure etrade account” you gotta check yourself before you wreck yourself.
Unless you’re a total dip shit you can probably use that time to make even more money and leave your stocks in good safe investments instead of all these “technical short term pop” bullshit that if you don’t sell same day or day after they quickly drop back into the hell holes they came from.
Truth be told, if I was really fucking rich, I’d possibly just give my money over to some money manager and let him go grey, get heart attacks and waste his life looking at a fucking ticker.
Today, I’m not doing SHIT except working on other projects. If the market wants to run higher “Cool”, if not which I kinda hope in a weird way … I”ll have better buy ins on some of the bigger more stable names that interest me.
I’m predominantly cash, just have some positions left which aren’t going anywhere.
Have a good day and don’t forget to factor in your time, as it’s the only element of this equation that can’t be replicated. You can win the lotto and get stupid rich tomorrow but you’re not winning a “time lotto” so to speak…
A friendly message from the King of the PG.
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Opportunity Cost Homie
So wise
Indeed, on the topic of “Adam Smith” I may as well mention the “Invisible Hand”. Those not familiar with it, I suggest you google it.