Unlike others, I am with you on this one. Every time we go through these market crashes we tell ourselves "no more!", and yet here we are again. So my conclusion is that there's no other way to solve this than to go through it all over again, creating maximum pain as long as possible in the hopes that these idiots don't forget it (again). But, c'mon, you think they'll ever learn? These MOFOs have Alzheimer's, for crying out loud. As soon as the market turns around, they'll pretend nothing ever happened and back they'll go to their usual business of making more bubbles. There's no redemption for these fuckers, and there shouldn't be any IMHO.
I'd reply with something useful but it 1) reeks of trader-nihilism and 2) you're unserious when talking about ATHs. Did you mail this thread in?
Standard procedure is buying the dip at around 5k and sell it at 6. Market stays irrational longer than you can stay solvent.
I can profit from others missery or "hedge" as we traders say. The question remains what will happen to large houses, brokers, banks and money itself when the real shit hits the fan? Will I be able to use gains at all? When the economy goes to real troubles your trading success will very likely mean shit. Hope that never happens
Money flows in...money flows out...as a trader it is your responsibility to ride the wave and stop rationalizing
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ "As of May 2024, the Peter G. Peterson Foundation estimated that each American would need to pay around $102,000 to pay off the U.S. national debt, which was over $34 trillion at the time. The foundation also noted that the debt is increasing at a nearly logarithmic rate. " One day we might not have a stock market to trade.
Benoit Mandelbrot clearly elucidated why these bubbles and crashes persist it's just the nature of the beast. Scaling concentration clustering long-range dependencies multi-time scale processes all interacting
What? The crashes happen because of the human behavior. It's like saying somebody was killed by a bullet that was travelling at a velocity of XXX mph... No! The person was killed because somebody shot them! Everyone goes balls deep long and then there is a lot of pain to be had on the other side and the bots can make a lot of money by just squeezing everyone to the gills. You are literally taking their money. here is a big herd of people who "made"(paper profits) a lot of money on the back of this bull. This will be a feast! Just don't try forcing it, because momentum will ride you over. But i am very hopeful going into the elections (hopeful of volatility coming). The last elections we got Covid, now we are getting what, World War 3?
Read the book. Fractals and scaling in finance and The (mis)behaviour of markets : a fractal view of risk, ruin, and reward Book by Benoit Mandelbrot and Richard L. Hudson