Loading ...Cashing in You Chips ?
Anyone else considering “cashing” in you chips before they are all gone ?
I have been playing ( day trading) lately…just because of being semi retired and having more time on my hands.
And it is NOT going well.
I had a SQQQ position on ..on Friday and I felt smart
I considered selling it …but greed took over ..and today feel like an idiot
These positions are relatively small…but it still sucks to just piss away hard earned capital.
I know many here have been expecting a day of reckoning for tech stocks for years and years.
I am sure many have been burn over and over again.
What is the matter with us ?
Same thing with day trading ( short term trading) Gold Stocks and ETFs.)
Whipsaws are destroying any gains made over the last nice move up.
A smart person would move on
An addicted person will lose again and again and again
Just saying
Letting Rambus call the shots…difficult to be the BIG PICTURE on a small time frame…todays recover is still a LOWER LOW…hopefully patience will be rewarded…JMHO
xcuse Lower High…
QQQ made an all time high today and still climbing
It is very hard to know what to do.
The problem is that for years cash has not done so well even in stable countries. In some countries (look at the banks in Cyprus a few years back; look at countries with hyperinflation) it has been dangerous. In some places the authorities really are trying to discourage its very existence. For many years now it is clear that they want any assets deployed as “investment” and moreover it is hard or impossible to find like the solid “investment” — certainly blue chip stocks — of yore. “Investments” are really speculations generally now. You are pushed to speculate or else punished.
If you cash out, where do you put your cash?
I too am starting to realize buy and hold and diversify is right. Isn’t that what the most successful wealthy people have always said.
Boy oh boy….
Yes it is…and yet we try to game the system.
does anyone know a short etf that has a substantial holdings in Tesla? Sqqq doesn’t appear to Apple and Microsoft top holdings