You've got to be planning for poverty.
Assume that you're GOING to lose it all.
Assume that when you do lose it all, the economy will be in shambles, and you will have to beg for ANY job just to make ends meet.
Make sure that you could live on minimum wage or less.
If you do this, but wind up earning big money anyway, you keep more of it. But you move with total insurance that even if you lose everything, and things fall apart / don't work out -- you'll be OK.
Keep the cupboard STOCKED. Remember that rice is $0.50/lb and will keep you from starving when your time comes. Don't be afraid of eating squirrel, carp, dandelion. Train your family to be ready for another Great Depression if need be.
I have no idea why people aren't thinking like this more.
Absolutely nothing is guaranteed in our economic system, and if and when you lose it all, you do not want to have gigantic sums ($2,000+) in mandatory monthly expenses. You do not want the repo man to come around, you do not want to lose your house, you do not want to look at the cupboard and see that it is empty.
Anyone who has ever really been hard up knows this stuff intuitively. Some deride it as "survival mode," as if it were a mental illness to have this type of foresight. It is not, it is basic necessity. Don't live as if the "good times" will never end. They very well may.
21-4-26-tuesday
loss on longs
macro-fed speaker (fed chair elect)
SMT at 117 range high NQ took mon untraded range high ES failed, 930 delivered to 50% of current days range on both assets and traded higher.
rejected at mon 0.125 level.
Daily range took 117 low