08-22-2021, 09:17 PM
First of all this place is not a contest to achieve the highest possible total return over a short period. Some are 40 years from retirement, some are 40 weeks. Appropriate risk reward as appropriate for your current place in life. I know you get that part.
You are up big because you are leveraged. Not just an ordinary bull market. Are you aware post pandemic crash this is the best 365 day run in equities since WWII ended? That's a long time. We are all stock experts right now and mistakes are forgiven by the market. I am beating the SPY right now and my port is sometimes 40% cash as I wait for an opportunity. Does that make me good? No probably some luck involved and the rubber band snaps both ways.
The high yielders do hit a nerve. You buy them with little understanding of how their tricks work. When we call the junk out you dump them on the next dip. If you don't listen to anything else we say, less really is more. Put in the time to understand what you own or you will shake out fast as your recent trades prove you scare easily. Chasing this weeks shiny object ends bad.
You are up big because you are leveraged. Not just an ordinary bull market. Are you aware post pandemic crash this is the best 365 day run in equities since WWII ended? That's a long time. We are all stock experts right now and mistakes are forgiven by the market. I am beating the SPY right now and my port is sometimes 40% cash as I wait for an opportunity. Does that make me good? No probably some luck involved and the rubber band snaps both ways.
The high yielders do hit a nerve. You buy them with little understanding of how their tricks work. When we call the junk out you dump them on the next dip. If you don't listen to anything else we say, less really is more. Put in the time to understand what you own or you will shake out fast as your recent trades prove you scare easily. Chasing this weeks shiny object ends bad.