Let me put this as bluntly as possible… This is what I think about going all in… NO! The same goes for using leverage without proper risk management. What happened last week with Leopold Aschenbrenner’s hedge fund, Situational Awareness, is sad. The fund was up 450% YTD in early July.
When the overall market looks like an airplane getting chopped around at takeoff… Struggling traders tend to write long, introspective tweets on X, talking about how hard it is. My students and I see a completely different market. It’s CRAZY how much opportunity there is.
This flies in the face of everything I used to say about after-hours trading… After-hours is easier. There have always been times of day that are easier than others. And right now, with all the CRAZY low-float supernovas…
There’s a lot more to trading than winning and losing. There are bad wins and good losses. But the only way to know the difference is through experience and preparation. And THAT means knowing when to optimize your process. Lately, markets are down and the plays are choppy. I’m taking single and double-digit profits.
It happened again. Last Friday (July 24), I bought 3,000 shares of a stock at 3:47 p.m ET. Then, aside from keeping an eye on it to make sure it didn’t drop below my risk level, I pretty much stopped thinking about it.
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