Seeing the macro trend does not equate to making money for most of us not in the VC set. There’s too much bearish sentiment currently to make me think the road ahead will be as people expect.
The next two FOMC meetings are pretty much a foregone conclusion. Will the rest of the year be .50, .50, .50, .50, .50? That will require big cojones.
I’ve seen people lose it all who read a lot of trading books, took courses, had a “mentor,” etc. In the office I traded out of, a guy lost his account, several reloads, all the retirement savings he made in the restaurant business, and mortgaged his house.
As sad as both of these were, the fact that they went down to zero sucks, but its not the end of the world. There are lots of stories that end in negative equity, and some with even a huge tax bill from the previous year and no way to pay it.
I think it’s sad if they bring innocent parties into it like a spouse or children. I saw one bad case that made me think about illnesses like cancer in a whole new light.
