U under estimate his size and position, the inability For him to do is not a trading wise one, its that he is a cruise ship he cant move so quickly, sure he can short flatten whatever whatever but his cost is higher than small traders by far
Sure but whats the signal he sends if he does ? apocalypse probably which only makes it worse for him
Very true Journalist writes Traders trade i cant get ofer how negative news is always catchy to the public
You should read it as: be always fearful, no matter how others behave. What other think or do is irrelevant for how you should behave.
that i agree I thought so but wanted to double check Fear keeps you from making the most money BUT it is also what keep you from getting knocked out of the game and thats most important than making most money
It was just a joke on my part.....Buffett is famous for that "be greedy when others are fearful" line, but if you look at both the 2008 crisis, and this COVID crisis, in both cases Buffett was "fearful when others are fearful in reality." During the depths of the 2008 crisis, he had $44B cash on hand - the only buys he made was a couple of sweetheart deals on Goldman and GE preferreds, $8B in total....a huge missed opportunity in retrospect.
That's why better do day trading. You don't have to worry about GDP is up or down, unemployment is up or down, how devastating covid is on economy .... everyday you start trading with fresh mind. every night before you close your trading platform, you close all your positions. Whether you earn or lose money , you can have nice sleep everyday.
That is so not true. Otherwise you are just always going to be early. Ask Dr. Michael Burry about it...