She should have stuck with football and athletics even acting, trading isn't really her thing.
Cathie Wood's fund is losing money and this is how she describes the loss
- Thread starter JSOP
- Start date
90% of the game of managing other's money is convincing them to give it to you in the first place.
Almost anyone can take a stretch of actual performance and create a chart moving up. There was a thread here a few days ago titled something like "famed day trader in London goes bankrupt". If you read the article... he never traded a day in his life. He convinced people to give him funds and he bought stuff with the money. There are legit operators like Jim Simons, Dalio, Tepper etc... but lots of these other players are fairly ordinary or slightly above average traders or stock pickers that have sold themselves to folks with cash.
Almost anyone can take a stretch of actual performance and create a chart moving up. There was a thread here a few days ago titled something like "famed day trader in London goes bankrupt". If you read the article... he never traded a day in his life. He convinced people to give him funds and he bought stuff with the money. There are legit operators like Jim Simons, Dalio, Tepper etc... but lots of these other players are fairly ordinary or slightly above average traders or stock pickers that have sold themselves to folks with cash.
Did she entered HOOD position as simple retailer or otc prior ipo ?
Looks like she bought post IPO, her average price is $35.30 according to https://cathiesark.com/arkk/complete-holdings and
https://cathiesark.com/arkk-holdings-of-hood
It looks like she intially bought on IPO day, then bought lots more a few months later when the price came back down towards the IPO price in October and November.
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%%Well, she did not practice trade/risk management and justified her decision by praying to God (serious
Common pattern= super performance one year\ next year maybe not so good.
NOT long or short any of her ETFs as of yesterdays close.
Multi millionaires like her may not even car about my opinion /LOL
She is still far above average %.............................................................................................NOT a prediction+ not insured by any federal agency. Merry Christmas/Hannukah
Good gracious.
If she had done a bit more research, she would've known that the business model, commission-free bucket shop market-making, that Robinhood operates on has been the dominant business model of brokers in retail forex for the last 20+ years. And Robinhood is not the only broker that operates with PFOF so the company is hardly innovative nor is it doing anything innovative
She is just desperately trying to hold onto investments.
Niche funds are constrained by the theme and the idea would be just put a portion of your money into her funds. I however haven't been interested in 2021 and really wasn't paying attention to her funds prior. I do remember back when I was younger Frank Mersch made a name for himself in Canada ( and a lot of business for Altamira ) because he heavily weighted resource stocks. His success didn't last but he certainly didn't fall off the map either. That same strategy would have worked in 2021.
She didn’t grab them Robinhood profits when her initial investment more than doubled. As I say “grab” what the market gives you. Be greedy not hopeful or wishful. One can always go back in should a trend start up again. Goes for investors as well as traders. Especially short term intraday traders. Lock em in grab em.