thee is no question investing works. That being said if you bought japan bank in late 80, it would not.
let’s see who fares better this decade, traders or investors.
Gents, spx down almost 1000 points from ATFH in 3 weeks. Just shows how inflated things were. Big rally was BS based on buy backs based on loans. Who knows how long it will take to recover.
And we are already 130 points below 2570. And this is after 500 +700 billions were injected. Once again a trader needs to acknowledge that he knows shit.
No need to go all in now, testing the water sure, but no way all in.
Nothing would have helped in his situation, markets were closed when news came out, and gapped 25% at the open. Selling puts on volatile markets is very dangerous.
We do not trade options, and close all positions on Friday. Well, algos close them :)
Sure, like all WS firms stood like a man and took losses. Yeah right. I would consult and see if declaring bankruptcy is a better route. for some 170k is drop in in bucket, for others fortune.
But you put your personal guarantee for all to go all long around ATH, are you gonna come through with your promise ?
do you recall I told you that it will be volatile year with many dips.