Comment on The Stock Market is Just Financial Fantasy Sports
sp3ctr4l@lemmy.dbzer0.com 7 hours agoYes, and then the trick is timing your exit or restructuring into countercyclicals … at the right time.
And timing is the part almost everyone fucks up.
Also, if you’re ‘buying low and selling high’, and you’re up 5000+ ytd?
Then you’re basically daytrading, which basically means this is a full on part time job for you, at least…
… and while did you say you’re not shortselling, you did not say you’re not using any leverage.
So uh yeah, best of luck, hope you can keep up the perfectly timed dance, and never miss a beat, nor miss an upcoming time signature change.
IronBird@lemmy.world 5 hours ago
not day trading, that’s the real beautiful part of actually knowing how all this works. just avoid the obviously overpriced shit, trade with the barest understanding of the actual value of the underlying and don’t short anything and it’s practically impossible to lose $ in a bull market.
i don’t day trade, more of swing/event trader i guess. point is in a bull market, especially a bubble…there’s shitloads of $ flying around, mostly via passive/algo traders. hunting that liquidity down for yourself really isnt all that hard to do once you understand they key differences between US markets and rest of world (especially EU, who like theirs predictable)
sp3ctr4l@lemmy.dbzer0.com 4 hours ago
… 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.
IronBird@lemmy.world 4 hours ago
i said cash out a couple mil, i’ll have double digit millions in port to still work with, just more passively.