Thanks man. I'll tone it down in my journal like I toned it down in Stoney's. As for your TSLA prediction? I do not trade stocks. You know this. Shoo!
No, closed them out Sunday night for 24K loss. Will eventually get around to updating it again. For now I dun' care. The war, and war on inflation nicked me in the bum. I increased size at the wrong time. Alas.
Damn Overnight, sounds like you are taking horse kicks straight to the jaw like me. Feel bad mon. But if that VIX hits 40, that's about the time you go all in...
That sucks, man. Curious. How much does that loss set you back tradingwise over these last few years? I mean, was it a devastating blow or just a bump in the road?
I gave up the gains from last year, plus a bit extra. It wasn't an account killer, but it was enough where I have to go back to the piker 1-2 lot trades again.
Yes. I learned that buy,hold,roll works if not getting too big in size after a QT cycle start+high inflation+Russian war. I knew I could survive the fed QT, but the war sent everything into overdrive to lead markets into the slow burn it is suffering now. I have also learned, based on Q4 2018 and comparing it to now, that the bull market will resume when... A. Putin stops the war, or is killed, whatever, the war ends. Because that will take a lot of inflation pressure off since wheat and oil will become available again eventually. B. The Fed goes "Whoa doggy, we are no longer hiking, we fucked up." This is what they did in early 2019, and look what happened after that. ZING! Does that answer your question?
Sorry you lost @Overnight. BUT... It seems you haven't learned that there will ALWAYS be a Putin, a possibility of geopolitical conflict, some sort of catastrophe somewhere, some governmental policy or regulation, or, or, or that affects the markets. Maybe even combinations, worldwide!! The butterfly flaps it's wings. Applies to short-term, intermediate-term, and long-term trading. IMO, what you should have learned was a method or means for acknowledging when the trade is wrong and to make a correction. You can not honestly say there were not opportunities to take some sort of corrective or loss-minimizing action during the entire holding period you endured. Anyway... I really am sorry for your loss. NEXT!!