I can't help but feel bad for the legions of newbie traders, less than a couple year's experience, who are shitting their pants being bagholders/buying dips... : o What pisses me off is the talking heads on financial news tv who fkg REFUSE to tell the public: a) how to short stocks b) how to buy index / stock puts c) how to trade inverse ETFs like SARK/UVXY/SQQQ/TZA somebody help me understand, why don't talking heads Ever discuss bear/short strategies?? they're hurting especially new traders, with bs buy the dip commentary
this. Thinking that you somehow get a shortcut to profits is delusional. Profitable traders perfected their craft in the trenches, no exceptions
We use to say that retail traders have to pay for the mistresses and the cocaine habits of the guys trading on the floor(of the stock/commodity exchanges).
not many people help anyways. even people with good intentions, who think they are helping others, often are doing more damage than good.
over the past few decades, 99% of the financial analysts / professional writers will say buy buy buy or hold hold hold. only 1% of them dare to say sell.
You're making the faulty assumption that these talking heads know j''ck about the markets or where it's headed. If they did - they wouldn't be talking heads, would they? Of course, if they're making recommendations at all, i.e., buy, that's a different matter.
re: hold Be forthright! It was the best strategy for decades. I understand my remark is sacrilegious for a trading forum.