How obvious were the 2008 and 2000 crashes?

newwurldmn said:
you must be super rich. Like crazy private jet rich.
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Okay, I know it sounds arrogant and in hindsight, everyone is a genius. I get it. No, I don't own a private yet, because being good at one thing isn't enough. While my strength may be to be totally immune to mass hysteria, I suck(ed) at other things, like trading during low volatility. If you are as experienced as your post count suggests, you will know that doing _almost_ anything right in trading often isn't enough, as the market will find your weakness and fuck you up.

In 2000 I was still a poor student without money to trade, in 2007/2008 I actually profited very nicely and kept most of it. However, I wasn't able to make a dime with trading for a pretty long time afterwards.
 
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sculptor66 said:
Okay, I know it sounds arrogant and in hindsight, everyone is a genius. I get it. No, I don't own a private yet, because being good at one thing isn't enough. While my strength may be to be totally immune to mass hysteria, I suck(ed) at other things, like trading during low volatility. If you are as experienced as your post count suggests, you will know that doing _almost_ anything right in trading often isn't enough, as the market will find your weakness and fuck you up.

In 2000 I was still a poor student without money to trade, in 2007/2008 I actually profited very nicely and kept most of it. However, I wasn't able to make a dime with trading for a pretty long time afterwards.
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queued
 
sculptor66 said:
Okay, I know it sounds arrogant and in hindsight, everyone is a genius. I get it. No, I don't own a private yet, because being good at one thing isn't enough. While my strength may be to be totally immune to mass hysteria, I suck(ed) at other things, like trading during low volatility. If you are as experienced as your post count suggests, you will know that doing _almost_ anything right in trading often isn't enough, as the market will find your weakness and fuck you up.

In 2000 I was still a poor student without money to trade, in 2007/2008 I actually profited very nicely and kept most of it. However, I wasn't able to make a dime with trading for a pretty long time afterwards.
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when I left Wall Street I looked at the wealthiest people I knew. They all made their money in bull markets. Personally I would rather earn moderately in quiet low vol markets and not blow up in vol spikes than earn a lot in vol spikes and earn nothing in quiet markets. Not that either is easy to do.
 
See also: crypto
It's a non productive asset. Once it reaches a stable market cap, it's doomed to come crashing down as it won't be able to grow faster than GDP.
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Thanks. I'm off to tell Dalio now he's dumb for buying gold. It's a non-productive asset.

I also am going to have to inform all the yield farmers, DAO company structures, Exchanges, Brokers, and every other income producing entity currently building in DeFi that they are really not a 'productive asset'.

The world has no use for instant-settlement transactions, smart contracts, or blockchains.

Do you see how incredibly silly this has degenerated into with just that blanketed 'productive asset' comment?
 
No one would believe me, its about conditioning , but 42 appeared on my trading screen is an inordinate number of ways on various measures of statistics the day before my last 26th consecutive suxxessful trade. Nevert parted with money i didn't intend to
 
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