Last night I had a conversation with a close friend of mine. We started talking about the economy. Full disclosure I am a full time trader i stare at charts for a living.
I've been warning him for over 2 years now that the plandemic and all the bullshit they implemented was going to cause a massive recession into a depression the likes of which we've never seen. That the credit crunch was gonna be unbelievable and that buying at home at all time highs during the plandemic was retarded and that he should stop pouring money into his 401k at his work.
He continued to pour money into those wortheless funds at work, he bought a house in 2021 which he got into a bidding war with and he even bought a new truck.
He is now complaining and blaming others about all the shit that's happening to him. He's going through a rough marriage, his work (new build developers) are now talking about massive slow downs and putting projects on suspension because the cost benefit analysis is weak etc etc.
He's mad at wall street for his problems. Just blindly pointing the finger at anyone but the mirror.
He's also giving me attitude lately because he finds it absurd that I can make money on a declining economy.
This is normie mentality 101. THIS is the core of the problem. Now I wouldn't even bother talking about the DS with him cause there is no point.
Some of you on here are complaining about the OP making money in a declining market. How it’s not right because you’re taking money from someone else…it’s unpatriotic etc
Do you think OP just turned his computer on one day and started making money? I can assure you he didn’t. What he did was learn the lessons his failed trades taught him and turned it around. If the other retail traders out there would do the same, they would have success also.
We live in a time where a 50k a year job is now a paycheck to paycheck existence. If you have a family and want to be prepared for what’s coming, the average blue collar salary will not allow you to stock up on guns, ammo, food, land etc. So you had better find more income.
I think a better approach would be Hey OP, any insights you can give on how someone can start the process of learning the skills needed to successfully day trade? Forex is another market to be explored.
The financial markets are a platform to make money. Money is a tool needed to free ourselves, our friends and loved ones from the chains of the DS.
A man who understands. I failed horrendously over and over again till the "click".
What people don't understand is the people who short these types of fake economies are actually doing the right thing. I use this all the time but companies like Docusign and Netlfix had no business being 350+/share and 700+/share.
That's absurd. You'd have to be insane to buy near or even close to those areas and then pretend like you're a victim cause someone like me in retail comes around and says "well hold on a minute here...That don't look right".
The mentality of the herd is "you screwed me over cause I didn't make the right decision". It's ridiculous.
What are your thoughts on STON ... public company in the funeral biz that's had a jump with all the excess deaths - but I feel like there's something wrong about them ... (cash strapped i think)
In October 2016 they dumped it. Volume begins to pick up again in early 2020 which is pretty convenient lol.
Someone or some group is buying a lot of shares. This is pretty nice find, fren.
Honestly, I might buy some of that and just hold it. Regardless of being cash strapped, Someone is interested.
A projection of ~8 dollars is not a bad outlook. Imo, this is a buy and walk away for a while type gig. Nothing crazy but could come out with some nice coin.
There is definitely something wrong the company appears to be terribly managed from the little I've read about it. It's really nothing special. More of a set it and forget it type deal.
Thank you!
They're being bought out by Axar Capital now ... very interesting.
There is no play there.
It's a private equity buyout.