Switching Lanes

After 15 years of sunken cost, I'm cutting off my losses and moving away from finance.

I started like everyone, enthusiastic and optimistic that soon I'll find "something" (i.e. gold) and all the warnings from failed gold prospectors are a reflection of their weakness and will not, can not happen to me. Because in addition to being smart (150 IQ), good looking (an 8 if I work on it) and reasonably well-endowed (by generational family wealth), I'm also lucky.

Well, there's one thing I can't control here and it's all that matters in today's finance: luck. Ain't got it. I am not lucky! I have NEVER been lucky! Never will I be lucky! No luck! Guys, am I lucky? (From the audience: "Oh, you're unlucky, buddy.").

Today's finance (if it was ever different is like this): the vast majority of guys are if not plain losers then simple pawns no better than being at the mercy of God some 1000 dark years ago. Yet every one of them and their cat thinks... not thinks, it's 100% sure as a mental patient in a hospice is sure he's not a schizo, they are sure THEY gonna hit the jackpot.

I've said it here and I'll repeat it until it enters the mental collective. I'm not a regular guy, I'm an 150+ IQ guy and figuring out what goes from my mind from the perspective of a commoneer is about as bound for success as a cow trying to figure out what his or her human masters are thinking.
What are you going to focus on now instead?
 
Yet every one of them and their cat thinks... not thinks, it's 100% sure as a mental patient in a hospice is sure he's not a schizo, they are sure THEY gonna hit the jackpot.

I don't think I'm going to hit a jackpot, I'm just looking for a reasonable rate of return.

I think too many people go in with crazy expectations of getting rich overnight.

You never mentioned what kind of returns you were trying to achieve.
 
I've said it here and I'll repeat it until it enters the mental collective. I'm not a regular guy, I'm an 150+ IQ guy and figuring out what goes from my mind from the perspective of a commoneer is about as bound for success as a cow trying to figure out what his or her human masters are thinking.

No matter how high your IQ is, you are still a regular guy and a commoner just like us. The fact that you don't realize this and instead still insist that you are somehow above everyone else just proves even further that you are just a regular guy like one of us. The sooner this enters your mental collective, the sooner you will be successful regardless of what you do, whether it's software engineering or trading.

Good luck!
 
Guys you are replying to a damn robot! Stop this! :mad:

I'm so sick of these threads that start off with an open ended robot question and then you all chirp in with questionable advice,

Bonds? <-- They are going to crash.

Do you realize that each of your clicks could of been applied to House Of Gummy> And there you will actually find some ideas. Both on how to trade and what to trade.--

The question of luck--

Anybody in this game will tell you it's a game of streaks. You have hot streaks,incredibly hot streak and cold spells and incedibly cold spells. It's somewhat like being a baseball player.

In baseball you only have to hit 4 out of 10 balls safely to be a really good player and in investing the ratio is similar- controlling to some extent your position size on losers vs winners
by trimming losers// adding to gainers on down days / and letting names ride you will find your " luck " changing

Luck is what you make of it-- Look around you what do you see? What are people drinking and eating? What do you see around you when you travel.. What tech do you use and find interesting.

Luck has nothing to do with investing.Nada. But having a Savant moment is everything. A name will just pop in your head and then it's up to you to do the research and put in the time.

1st decide just what type of investor are you. Are you a typical low fruit guy who goes completely in and out of the market wily nilly and probably juggles $50K... or are you a heavy hitter.
 
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