/biz/ - Business & Finance

>>54484780
No, I'm happy even if I'm poor. I'll definitely make it one day though.

>>12582130
>Why do people get shares of SQQQ instead of shorting SPY if you are so sure it's going down?

Accessibility. You don't need to have your account setup to short sell directly in order to buy inverse ETF. And it's generally the cheaper option if you're a retail small spec (which is everyone here). Day trading the VIX and short term holding inverse ETFs is a sound strategy for making gains in a bear market.

>>11968947
>if you're an amateur to accept it and stop trying to be cute

True but if you want to be a trader, you have to trade to learn. With money. And not a small amount. It has to be enough that losses hurt, uncertainty plays tricks with your mind, and gains make you euphoric to the point that you think you're a genius now and can do no wrong. You can learn TA and math and accounting and what have you from books and tutorials. The psychological aspect of trading can only be learned when you're deep in the shit yourself.