Everybody shilling their paid subscription (which I don’t mind) with their “iNsAaaAnE gAinS” (which I do mind)
We are in a raging bull market fellas, chill out
In the long run, most of these names will probably get smacked back to earth and you don’t want to be perceived as a bad actor
I still encourage anyone to take a paid subscription to an account they like because it’s a cool way to show your appreciation. There’s a lot of work and thinking behind anyone tweeting his analyses and thoughts
Just don’t get carried away into believing that they’re actually good investors
Look everyone... don't ever be concerned with my positions; be concerned with the risk you are taking.
I've been trading for 43 years and have had only a few single-digit drawdown years. All of my trades are made from very low-risk entry points and always with a hard stop loss in place.
I could turn out to be wrong and the market may have already made its low. If so, I'll get stopped out. That's the business.
I'm wrong just as often as I'm right. The difference is that my risk is always defined and controlled. What matters is not being right all the time; what matters is that the risk taken relative to the potential reward, adjusted for batting average, is managed in a way that produces a profitable outcome over a large sample of trades.
That's how I've approached the market throughout my entire career, and it's no different today. The distribution of gains and losses over time forms a profitable bell curve because risk always comes first, and risk is always managed in relation to reward.
I'm about to see a wave of posts ranging from "went full cash on Friday" to "bought the dip all day Friday" on my X timeline.
Never a dull moment on FinX.