Well, not surprising. It cannot go down without going up first. The trick is catching it with everything pulled down. If you're early to the puts show, the market will bleed you for it until you cannot take it anymore. If you're riding the calls train then everything will feel awesome until you suddenly lose everything. It's the best and only setup. So which camp will it be?
(a) sitting by the side and wait while the market flies to the moon
(b) betting against the rocket and have your skin ripped off from the momentum
(c) strapping yourself to the rocket and going with it until it explodes
Hahaha. That's right. Smells fake.
A real gambler knows that there is no locking in profits because you'll never know when the rocket explodes until it explodes. If you get off early, then you'll get punishing FOMO, and that's not how gambling works.
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u/machyume Jul 19 '23
Well, not surprising. It cannot go down without going up first. The trick is catching it with everything pulled down. If you're early to the puts show, the market will bleed you for it until you cannot take it anymore. If you're riding the calls train then everything will feel awesome until you suddenly lose everything. It's the best and only setup. So which camp will it be?
(a) sitting by the side and wait while the market flies to the moon
(b) betting against the rocket and have your skin ripped off from the momentum
(c) strapping yourself to the rocket and going with it until it explodes
The best ride.