I’m down around 60 percent average across my accounts since becoming a “active trader/investor/gambler”
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Oof. Have you considered the buffet's wife investment plan? Sometimes you gotta throw your hands up and admit you suck at this shit.
Being down in 2022 isn't exactly an indication whether any investor sucks, truly the only people who suck at this have already wiped out their accounts with options lottery plays.
Elections are around the corner and I seriously doubt we will be at or below where we are when both sides are promising to unfuck inflation caused by the other guy and theres no way the repubs dont run on energy policy to bring gas prices down, so for those playing the long game, they will undoubtedly be ahead of the average discord wsb shadow trader by the end of the year.
I think preserving your capital now is more important than improving it. A lot of money can be made but you have to be honest with yourself if you can manage to be a step ahead every day.
I have mentioned before that 2015-2016 corrective period was one of the most challenging periods for secular trend investors. We struggled above and below the 200d for 11 months before the primary trend resumed. It's an important point to notice that the market successfully got on top of the 200d multiple times. While challenging this was a more "constructive" consolidation behavior than what we have seen so far in this correction.
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This 2000 Bear market:
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Can we stomach a decline of SPY 380 QQQ 290ish and still hold? I'd say yes, but it better happen soon with a strong and SUSTAINED bounce out of that extreme trend danger zone.
I covered that in a subsequent postWhat if it doesn't?
Always invest in ammo. It's the one commodity that is guaranteed to get more valuable as society goes to shit.It'll go down, and then it'll go back up again. Or it'll go to zero and take the dollar with it, and you'll have a lot more other problems to worry about.
Long SPY. Gonna sell deep OTM CCs to degenerate gamblers for a bit of alpha, and to get a better feel for the greeks. Plan is to swing trade it back to the 450 range.
If it goes tits up, then we can all go down together brothers![]()