Yeah,except for the fact that he typically starts out as a trader selling short dated OTM puts,often horrifically wrong, and then either locks in losses with 1x 2 call ratios,or doubles down when his position is down 75 percent against him,announcing hes a long term investor... You and he both know hes not a trader.He is smart enough to position size small enough to survive his blunders inherent in selling jacked up vol in absurd names.. My guess is he made some money in BTC and has been staying afloat at best since then.. You really think he putting up 10% per month trading ? 60 percent per year trading options??? Hes trading for a good time,not a long time
Haven't you guys seen Stradman? Actually it got stuck in the snow once getting off the flat deck. After spinning the tires to no avail, I had the tow truck guy jump to do the same in while I pushed the backend and spun it around180 to get it pointed to the garage It's a 2008 guys...not a 2018.
Grow assets...Hide income. Pass assets to kids, grandkids, non profits. Build tax free/differed income; IRAs, 401k, Keogh Plan for 40+ years. Convert to Roth IRAs for about 15 to 20 years (when income is low...Using a CPA). It's not what you make, it's... PS Yeah, there have been times when I sold a couple small farms/rentals $$. But I chose what year it would sell, and gain the best capital gains possible...
I don't create stop losses because I stare at the screen when I day trade volatile stocks, ready to sell if/when it drops 1%. I'll jump back in on reverse and sell again if necessary. I usually buy a significant number of shares and sell up 2% or more based on momentum, always ready to sell at 1% drop. For me this only works on highly volatile stocks like MSTR which is so closely tied to BTC that tracking BTC 24h trading is a pretty good indicator of MSTR movement. New challenge is that I've been seeing a lot of movement between after and pre market hours when I can't trade, which is screwing me up. Sometimes the gap is in excess of 10%, too risky to buy at open but much of the profit is during that period (usually a downward adjustment followed by a new push but not always). To counter, I wait past the first 20-30 mn of trading before getting in, if at all, but it's less profitable. As for the limit on position, I agree with you, it makes no sense at all. I use "long term" as a way to evaluate others long view of a company. For TSLA, FSD and Bots are beyond my long term and don't figure highly in my value assessment, like Energy, Semi or Robotaxis do.