Originally posted by scooterscot
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stock market crash
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I don't act on the news, only the technicals. They remain bearish everywhere I look, so that's where I'm putting my money. Well what remains of it."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostMy bitcoin short is getting a right screwing over today, down $25k so far
But remember, it's only a loss if a I make so
If that's right, you're insane man.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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not far off - actually closer to 20% down at the lowest point today"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View Postnot far off - actually closer to 20% down at the lowest point todayComment
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Originally posted by jamesbrown View PostYou need to get help, scootie. Seriously. This won't end well for you in the long run if you continue to take these epically risky punts. With highly leveraged short positions, you aren't gambling with prior winnings, rather everything you own.
When you go big with leverage, it's all too easy to let a loss (it will come back) turn into an even bigger loss (it can still come back), until you end up with a loss so big that there's no way back. And I "only" used 2x.
I see signs in his posts that remind me a bit of myself in the early days.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by DealorNoDeal View PostBeen there, done that. Not only lost a lot of money, but also made myself ill.
When you go big with leverage, it's all too easy to let a loss (it will come back) turn into an even bigger loss (it can still come back), until you end up with a loss so big that there's no way back. And I "only" used 2x.
I see signs in his posts that remind me a bit of myself in the early days.
Sadly he won't open his eyes due to the sunk cost fallacy arising from taking an expensive "education" from one of those TA snake oil companies.Comment
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Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by DealorNoDeal View PostBeen there, done that. Not only lost a lot of money, but also made myself ill.
When you go big with leverage, it's all too easy to let a loss (it will come back) turn into an even bigger loss (it can still come back), until you end up with a loss so big that there's no way back. And I "only" used 2x.
I see signs in his posts that remind me a bit of myself in the early days.I am what I drink, and I'm a bitter manComment
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