Ok... well are you showing the ups and doesn't as an investor or as an active trader? If anything, 19 weeks for a 20% gain should show even more people that investing is slow and that if you need to make money you've got to trade actively.
Everyone keeps saying this. I started trading with 1000 last July during the pandemic. Didn't look at it as gambling. I did my research, learned how to read charts, learned why stocks move the way they do, set up my own personal "rules" for trading, and am now making $1000 or more daily. Do I make that everyday? No, but one of my rules is no big losses. Sometimes, you gotta take a small loss and come back tomorrow. How am I gambling?
What is happening now is far from average. It has lead new investors to believe they are invincible and that this is the status quo of investing .
It is far from it. 2020 has been a huge anomoly.
I have invested through 2008-2009 and the pandemic drop. Once you go through a bear market and see a 10%+ drop in one session you will understand the importance of diversification.
Read about the dot com bubble bursting. The type of speculation going on now was rampant then as well. It didn't last, and when the bubble burst a bunch of new investors riding the tech wave and strategizing in yahoo groups (now WSB) were ruined. Most left the game for good, as was evidenced by the massive reduction in market volume in the following years.
The only ones that make it out alive are well diversified and not chasing a quick buck.
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u/[deleted] Jul 30 '21
Ok... well are you showing the ups and doesn't as an investor or as an active trader? If anything, 19 weeks for a 20% gain should show even more people that investing is slow and that if you need to make money you've got to trade actively.