stock market crash

[Old Greg]

At scootie's remedial secondary school and pretend university? Quite high, it seems.

Only if denominated in pretend crypto from a demo trading account.

[Whorty]

I was trying to be kind and assumed someone on here must have even a smidgeon of respect for him

But hey, even I'm not right 100% of the time

[jamesbrown]

Only if denominated in pretend crypto from a demo trading account.

At the pretend university of scootie, that's the first thing they placate you with.

[Old Greg]

At the pretend university of scootie, that's the first thing they placate you with.

The Thistle Heathrow Hotel Manager dresses up as Mr Miyagi and teaches him to clean the bogs as part of his trading mindset training.

[BABABlackSheep]

Competition time. Centrica was my Spring bet, kept a cool head (you all help really you do keep it coming) and took the profits. Now I'm looking for the next thing. After a period of study I've a FTSE Autumn bet that I believe has a high probability of a good return.

Anyone else got a FTSE pick they believe will do well in the months ahead?

I only invest in Investment Trusts, having sold all of my funds now.

My current portfolio I have just 4 IT’s, massively tech heavy, so I watch the Nasdaq as much as the FTSE.

In the past year:

SMT.L is up 94.65%
SSON.L is up 21.85%
BGS.L is up 29.77%
EWI.L is up 55.91%

I’ve held the top 3 for at least a year.

So if it has to be a FTSE 100 Share I’ll go for SMT.L to continue to Shine..its 978.26.

..else I’ll go with BGS.L, its gone up 26.94% in 3 months already. Today at 241.50, up 1.36%

[DealorNoDeal]

I hope Scoots is more resilient than I was because, if not, he's putting himself on the slippery slope.

Psychological Coping Strategies for Handling Losses

"In the event of particularly severe losses, and even possibly with those that do not threaten one's financial survival, there are cases in which people suffer from depression or even despair. As such, they may resort to those negative coping strategies discussed above, or worse."

[Old Greg]

I hope Scoots is more resilient than I was because, if not, he's putting himself on the slippery slope.

Psychological Coping Strategies for Handling Losses

"In the event of particularly severe losses, and even possibly with those that do not threaten one's financial survival, there are cases in which people suffer from depression or even despair. As such, they may resort to those negative coping strategies discussed above, or worse."

Denial is pooper's strategy. The sad thing is that it costs him economically, as he'll hold an asset worth less than he paid, rather than bail out early.

[_V_]

Denial is pooper's strategy. The sad thing is that it costs him economically, as he'll hold an asset worth less than he paid, rather than bail out early.

He doesn't understand that the markets change continuously, future events happen that change the trajectory of an asset, nor does he understand opportunity loss.

The Art of Cutting Your Losses

[Old Greg]

Don't have any yet. Don't sell losses, makes no sense. Why do people sell at a loss? That's capitulation... I only do win.

He doesn't understand that the markets change continuously, future events happen that change the trajectory of an asset, nor does he understand opportunity loss.

The Art of Cutting Your Losses

Sunk costs are a pretty basic principle. But he's so emotional - he can't process it.

[DealorNoDeal]

With some things, you can hold on in the hope that they recover. (Even the tulip I bought 7 years ago may one day get back to break even.)

However, that's not an option with options. You don't have the option to keep holding forever.

Although, I suppose if the first $250k put expires worthless, you could just buy another one. (Please don't!)