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Hey Nerds: Blockchain

CH1 said:
After being on the sidelines for months, I went mildly aggressive with putz (SPY, AMD. TSLA) around the same time zeke was celebrating Biden’s bull market over in the American Politics thread. Nothing against zeke (or Biden for that matter) but when a market trend starts to make headlines, it’s time to fade it short term
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Good luck. Even these bizarre credit rating downgrades aren't stopping this bull yet.
 
QQQ only down 7% from recent highs. SPY 4%.

Selling has felt relentless but still not quite in red flag alarmism territory.. .Just healthy, necessary consolidation after a stupid overly horny run-up (this is not your granpappy's stock market.. buying and selling can get very ridiculous in either direction, more than ever; spamming AI works very well in the short-term for bulls!). Question will be where things bottom.
 
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well, the Fed and the Ratings agencies are doing their best to tank the market since it peaked, that's for sure. we'll see if it works.
 
covered my shorts -- downside volatility probably continues for a few more weeks but this quick 5% correction in SPY is good enough for now
 
Long term holders should accept volatility and fear— that’s where the returns come from. If investing was as risk free as opening a savings account it would give you the same meagre returns
 
also, if you can't stomach the dips then now is as good a time as you'll have to sell off some stocks and park it in nice safe long term GICs.
 
I still can't get over the crazy drops that never recovered and am just stuck in my "long term means they'll come back so I should keep holding posture." It would pain me greatly to sell off some of these that were 5x or 7x where they are now, only to see them get back up there. I almost ditched a couple of them two weeks ago, was very close to it, but didn't. Wishing I did right now because they dropped a decent amount again and I sort of fucking hate them.
 
CH1 said:
Long term holders should accept volatility and fear— that’s where the returns come from. If investing was as risk free as opening a savings account it would give you the same meagre returns
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My long term holding over the last 7 years or so hasn't been much to write home about. Still pretty good overall, but nothing anyone back home would be interested in seeing detailed in a letter to them. A couple of years ago, I had some really good stuff to write about, but that's not the case anymore.
 
LeafOfFaith said:
I still can't get over the crazy drops that never recovered and am just stuck in my "long term means they'll come back so I should keep holding posture." It would pain me greatly to sell off some of these that were 5x or 7x where they are now, only to see them get back up there. I almost ditched a couple of them two weeks ago, was very close to it, but didn't. Wishing I did right now because they dropped a decent amount again and I sort of fucking hate them.
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yeah...that era of free zero interest money created some astronomical valuations in tech stocks that barely turned a profit.

the business didn't change for the most part but the valuations got destroyed
 
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