Down to about $90k, where would you park it if your trading skills were trash?

You only lost money because you closed the positions. You have to trade stocks like you buy real estate. You don't check house prices every day and sell if its down $1500 dollars lol.

Even if you bought spy @ the highs in Jan2022 before it crashed, you would be up now, and had an entire year to average down...................

Time and money is the only edge that exists, don't let anybody tell you otherwise. :)
Time is money and waiting out a close to 2 year drop is not wise use of either.
 
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Time is money and waiting out a close to 2 year drop is not wise use of either.

Sure, if you are just going to sit there and wait, then you would have only made $1617 if you bought at the worst time in 2022...however if you used the time to average down...:)

example.

If you bought spy at the worst time in 2022, and averaged down during the decline:

100 479 47900
100 427 42700
100 411 41100
100 380 38000
100 353 35300

500 410 205000

You would have 500 shares @ 410

Today's price is 495.17

So your profits for just waiting are 42k...and this is worst case scenario. Do you think you could have done better than a 20% roi trading while being a slave to your computer every day instead couch surfing netflix?

So literally you are correct. Time IS money :)
 
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