(12-21-2021, 10:15 PM)Kerim Wrote: Yeah, I've always believed that a main advantage us solo investors have is the long time horizon, and you're just giving that away with day trading. Long time horizons and deferred gratification seem to be dying arts.This pretty much ends all bull markets. I've always got a story....
When I built my house 20 years ago the old man that sold me the lot was the son of a local banker. The man owned huge swathes of rural land back in the day. He was a multi-millionaire in the 1920's. His son told me they lost all their cash and some land during the 1929 crash. I asked him how that could happen. Leveraging oil stocks on 10-1 margin was the answer. Oh wow, there was no need for that. Just greed and a desire for instant gratification.