/biz/ - Business & Finance

if you do, do not forget to livestream it!

Look at the positive.
My broker doesn't even allow shorting

>>17931897
Just long stocks in 2 months. Just as easy

>>17931897
i think you are a bit confused my friend

>>17931897
don't feel bad about it, lots of people that "predict markets" for a living was long.
l

you also missed the once-in-a-lifetime opportunity to buy eth for $10 in jan 2017 and sell it for $1000 in december 2017
granted, you were probably in middle school back then so it doesn't sting you as deep. but consider this was only 3 years ago. "once-in-a-lifetime" opportunities come every year

>>17931897
>it was so obvious
Always is after the fact, you fuckin donkey. Anyway who has had last success in markets doesn't think like this. All the other times your predictions failed but didn't take a position you simply forgot about all these instances. The one time you get it right you're upset.

Also, investing is about learning.

>>17931897
Not to pour salt on your wound, but imagine how most of us fucking feel having known about Bitcoin before 2012 and barely investing. It kinda hurts. That drive is why we keep investing.

>>17931936
we're going into recession retard, if not a full-blown global financial meltdown

>>17931960
>buy eth for $10 in jan 2017
It's not the same thing bro, noobody could seriously have made a convicing case back then for why eth should go from $10 to $1000, you'd have to be literally retarded to have believe dit at the time. People who made money off it had essentially won a lottery
On the other hand, this crash was 100% predictable to anybody who was paying attention to the events in china throughout january/early feb. The DOW made an ATH in february, and one month later it crashed 20+% in a week, and will likely continue to crash. An opportunity like that literally comes once in a generation

>>17931973
nah but it was obvious before the fact, if you were paying attention. Just look at the facts:
>new virus emerges
>within a matter of 2 weeks it rips through the whole of china, infecting every province and bringing the country to its knees
>cases begin emerging on every major continent
>high mortality rate, even higher than SARS
>seems to spread as easily as the flu
>no vaccine in sight for at least a year
>brand new virus so literally nobody is immune to it
it was so fucking obvious that this was going to happen, anyone who says otherwise doesn't understand how exponential growth works in these kinds of situations. This was 100% predictable, and I have no excuse for not having made several millions from this event.

>>17931897
Are you retarded? You gonna miss now your lifetime opportunity to long the market

>>17932200
I remember Eth at $1 and thinking that "smart contract" is just a stupid buzzword.
God Im stupid

>>17932246
>he's going long now
you dumb fuck, this crisis has barely even begun, it's going to get a whole lot worse once liquidity begins drying up
anyway, once the bottom does come in, all I'll have is a paltry 50k to buy with, imagine if i had shorted and could buy the bottom with millions... FUCK i don't think i can live with this regret

>>17932163
The crisis is already over asshole.

>>17932330
Stop talking like you know what's gonna happen. They already found a cure to begin with, there was no way you could have predicted that.

>>17931973
lmao I did it

>>17932672
You haven’t seen shit yet young man

>>17933402
>acting like he's experienced this situation before because he's old

I didnt miss it. Turned my $1500 tax return and 500 pinkies sold at 4.69 into this. Withdrew my initial investment +106k so far.

>>17931897
I shorted the top on a demo account lol. Was pretty fun. My account was up like 1000%. No way I'd do it in real life but, that shit is wayy too hard to time.

I had some SPY and QQQ puts but sold the bull trap in feb for a nice profit but if I held I would have made enough to retire now.

>>17933442
>>17933402
The virus is just the catalyst. The damage is done and the economy will be fucked for the next year or two.

>>17932200
>his crash was 100% predictable

So why didn't you trade it. What stopped you? Clearly some kind of doubt. So it was not 100% predictable.

>>17931897
Iktf
> Use a technical indicator to enter traders which is somewhere effective
>It triggers on literally the second day of the dump back in late Feb
>Don't buy puts
Even if I bought a small position I would be up like 2000% if I held to yesterday

>>17933482
Wonderful. I'm so happy for you. I should have given you my 15k LINK so you could do that for me.

>>17931897
Still plenty of short opportunities left as well as pumps to ride

>>17931897
I reached $515K in February. Thought about selling everything and going into stable funds. But I got greedy. The bubble was supposed to pop in 2018 and looked like it had and recovered. Then my monies went up 30% in 2019. If they went up 10% in 2020, it was $50K free money that I would miss out on. Did a HODL that first dip, then the next dip, then I thought it would bounce, it bounced, then bigger dip........now it's too late to sell I lost about $180K and will lose more today