Basically spent all year taking my dividends and any gains and buying out all those shares I shorted. Got my rear handed to me. So glad in December I finally go out from under that. I swear. Every time I do something stupid like that I swear I am never going to play that game again. Then I am like "wow, look at that. Apple puts for $3 at $130. Hmmmm"
My latest is upside down on Robinhood and farfetch. Guess it makes up for the easy money on AMC. What do you all think of Coinbase? I don't believe in crypto but I do believe in taking advantage of the movement and all those who do. lol
And just like that we are in a correction. Yeah my butt still hurts from Tesla and right after I buy myself out of the shorts? Stick goes down and i could have saved $100k.
I will never learn
There is money to be taken from the suckers in crypto. Some guys in Turkey just ripped off 390,000 investors to the tune of billions with Verbitcoin . the early Investors with Maddoff made tons of money too. Don’t want to be there when the music stops. I had my financial heart attack in 2009-2010, about the time our Trojan fortunes changed. Stayed away from the stock market up until last year and what did I do? Gambled big, buying Tesla. The thing I said I would never do again, gamble on Wall Street. You shorted Tesla which was a good swing. Tesla was the most shorted stock on Wall Street at the time. 23% of Tesla shares were held short. I liked your gamble. I went in for the long run. I love the car and gambled others would love it too. This time around I’m maintaining discipline and cashed a nice, real nice, check, bought some more Tesla on the dip and put the rest in my real estate war chest. There has got to be a huge crash coming In the next 18-24 months. Real estate is what brought me back from my stupid Wall Street mistakes. Dying in a car fire would have been welcome development in 2010. focusing on acquiring properties after my 2010 stock market debacle was a fawking brilliant move! Ok, luck helps too. All Southern California properties. Boom. My wife was like, “are you sure? Real estate is terrible right now and you want to buy more ?” Hahaha, can’t blame her, after we saw our bank account get pillaged.
“ Big Balls Baby!”. The whole time I was nervous about possibly losing more money.
The pot of gold is hiding behind the shadow of fear.
But for now, it’s idiot time in the stock market, some easy money there.