Quote:
Originally Posted by Stu from NYC
Guess you will accept more risk than I would. And nothing wrong with that. I am very satisfied with a 10% average long term gain in my mutual funds.
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If its down 50%+ there is lot less risk that if the price is double that. . remember buy low, sell high, and there is nothing like big price moves to change sentiment. .. . its a counter intuitive job, which in and of itself is prone to buying something on sale going to zero, ie Enron, which i bought on its way down, and then realized the issue and shorted it to gain my loss back. . .
Trader's mentality. I am up 7.5% YTD on my trading between shorting the market and going long on big selloffs, etc. long on the ups and short on the dips, . . mostly trading $SPY for equity and $TLT for bonds. Currently short $TLT, the 20 year bond ETF
being a rental, its not a long term hold. . . just another trade. . . making 5% and 8% in a day on a trade today, $LIT and $REMX, annualized, its a great trade. break even on RSX today from yesterday.
But i am way underwater today trying to reshort $CVNA on today's move. . . so its not all perfection, just a failure to enter a stop loss order to prevent this as i working the day job as well, stupid, stupid, stupid. . failure of execution