Quote:
Originally Posted by Blackbird45
If the original poster does not want to lose sleep, he should look for another way to invest his money.
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Haven't lost sleep in over 20 years, did looze sleep back in the 2000 -2003 bear market, as I doubled my money and then lost it all. . still writing off the losses on my taxes. . .
Back then they said, keep 6 months of cash for a job loss, how about 3 years of not being able to find a job? Happened to my boss at a different time period as well.
financial disaster can happen to anyone, one might not be able to see how because the future is always uncertain. . . the trick is to maintain capital, there will be down years. . .
And yes, i have talked with plenty of people who time the market for a living, have been in live trading rooms with people trading for a living. . . . many live in FL. It requires a certain personality and lots of dedication, but it can be done, and with python software, writing trading algorithms is becoming easier and easier. . though my learning python is slow. . . with this stupid 10 hour a day job. Quitting in June after my 401K is fully funded for the year. .
hint: the options trading and expiration cycle has a huge influence on daily / weekly price action.
trading guy