/biz/ - Business & Finance

Year over year yes, but isn't that a poor measure? Shrinkflation paired with high prices aren't going to go away.
How can they program the airwaves with that this is some sort of success?

“The wisest trend follower I know has said that every five years some famous trader blows up and everyone declares trend following to be dead. Then, five years later, some famous trader blows up and everyone declares trend following to be dead. Then, five years later ... was the problem trend following or the trader?”

>>18634689
Actually while I'm thinking about it, lemme red pill you on something regarding writing options that isn't always obvious to neophytes.
Very rarely will a put or call you've get assigned early despite it dipping into the money. The upshot is pretty simple, one can write a call, put, iron condor/fly, whatever and give it however much time you want to expiration. At some point before expiry your strikes may get breached but don't sweat it, you probably won't get assigned. This gives you plenty of time to wait for a time when the price of the option swings back in your favor putting you in profit at which point you close. You probably won't get assigned when the counter party is in profit so just wait for your own opportunity at which point get out. So even if we have a big red day and I'm breached, big deal. FWIW, both my TQQQ 62 and 61 puts were breached yesterday yet I still have them. I'm only belaboring the point because the psychology of the likelihood of getting assigned despite the option being in the money significantly affects the long term profitability of option writing

>>18365342
You're being irrational. There was a study of successful traders and what set them apart. One of the biggest differences was cutting losses. I know it sucks and you feel like it's personal cuz letting go means you were wrong but trading isn't about being right. It's about making money

I JUST FUCKING REALIZED SOMETHING
It doesn't matter. None of this matters. The virus doesn't matter. Worst case it kills 1 million Americans. Then what? People just sit in their houses? Fuck no. People are already tired of that shit and this America anyway, the government can't keep people locked in their houses cuz people will just tell the government to fuck itself and the government will indeed fuck right off. Especially since Trump would be in full agreement anyway.
This shit is over in a couple of months either way. If nothing happens it's over. If millions die, we all will just take our chances. Cap this, the economy will be back on track by July

>>17816719

>>15278888
Based and red pilled