Market continues to crash

[AuraKUPO]

wow! my portfolio again ATH today! smashed the previous "resistance" level for my portfolio.

Told ya bro, no crashing signal yet. Means can wen wen buy and buy until you got no cash left.

 

[cyke69sg]

When down..u said u alr predicted. when you.. u said u also predicted..pls tell us.. u got profit from stock this year so far?

buy and hold. Collect distributions. Long term sure profit.

I think just want to profit from stock is virtually 100% guaranteed over time.

The question is more what's the plan? Get rich quick? How much want to make over how long? With how much capital?

One thing people seldom talk about is POSITION SIZING. Crucial.

Everyone talk about wah I made 20% 50%!!!

Yeah but if only invested $10,000 is only made $2000 or $5000 nia. Not significant.

But if invested $1m then is $200k, $500k more like it.

 

[AuraKUPO]

When down..u said u alr predicted. when you.. u said u also predicted..pls tell us.. u got profit from stock this year so far?

Before the market went down to 4800, I already sold everything and I told you all to do so already.

When the V shape recovery took place, I everyday told you all to faster sell house sell wife to jip. Of course I also jip.

I just sold my last remaining stock today when it hit ATH. Now I am cash is king, war chest big big.

 

[AuraKUPO]

buy and hold. Collect distributions. Long term sure profit.

I think just want to profit from stock is virtually 100% guaranteed over time.

The question is more what's the plan? Get rich quick? How much want to make over how long? With how much capital?

One thing people seldom talk about is POSITION SIZING. Crucial.

Everyone talk about wah I made 20% 50%!!!

Yeah but if only invested $10,000 is only made $2000 or $5000 nia. Not significant.

But if invested $1m then is $200k, $500k more like it.

That's why I said DCA and investors are rich people, which I am not. I envy you all bro wish I could DCA also. Then I don't have to trade everyday and have sleepless night many many risking my heart and eyes to monitor the market.

 

[cyke69sg]

Told ya bro, no crashing signal yet. Means can wen wen buy and buy until you got no cash left.

I already bought in April and May. Now just building up war chest again. Need to wait till my accountants go through my corporate tax filings see how much tax I need to pay etc. Then see how much I have left and go again.

My personal cash is all in the markets (aside from my set aside cash for emergency and to spend).

 

[cyke69sg]

Before the market went down to 4800, I already sold everything and I told you all to do so already.

When the V shape recovery took place, I everyday told you all to faster sell house sell wife to jip. Of course I also jip.

I just sold my last remaining stock today when it hit ATH. Now I am cash is king, war chest big big.

so now you turn bear. LOL!

 

[AuraKUPO]

so now you turn bear. LOL!

Just taking profit only bro. Up can only go upper. But even if the market sinks to the abyss tonight due to darker than black swan event, I also no loss. I am a free man now.

 

[cyke69sg]

That's why I said DCA and investors are rich people, which I am not. I envy you all bro wish I could DCA also. Then I don't have to trade everyday and have sleepless night many many risking my heart and eyes to monitor the market.

You funny lah bro.

Trading take too much time. I want my money to work for me. Not I work because my money is at risk.

Meantime I still working hard but money is also very very good. Past week I already banked in $18,790.50. And the week cut off is tomorrow. So still can have more!

 

[cyke69sg]

Just taking profit only bro. Up can only go upper. But even if the market sinks to the abyss tonight due to darker than black swan event, I also no loss. I am a free man now.

ah I see.

Yeah that's trading. Need to take profit. And is never wrong to take profit.

But I don't like lah. A lot of this is psychological. Fear and Greed. Remorse and Hope.

Sell then keep going up feel like sold too early. Drop then didn't sell then feel sad and pain more and more.

Drop then sell then go up then bang bang.

Drop then buy then go up feel like genius then drop again say why never sell take profit. Then next time go up sell then keep going up aiyah why sold so early? Then buy back then drop then aiyah why I buy better sell then go up again aiyah why? why? why?

 

[AuraKUPO]

You funny lah bro.

Trading take too much time. I want my money to work for me. Not I work because my money is at risk.

Meantime I still working hard but money is also very very good. Past week I already banked in $18,790.50. And the week cut off is tomorrow. So still can have more!

Rich boss you are bro. Different life different route. We all will end up dying rich!

 

[cyke69sg]

Rich boss you are bro. Different life different route. We all will end up dying rich!

Actually is not for me to be rich. Is for wife and kids to be rich.

My goal is to have $100k a month in distributions. Once hit that level I think the rest takes care of itself.

 

[AuraKUPO]

ah I see.

Yeah that's trading. Need to take profit. And is never wrong to take profit.

But I don't like lah. A lot of this is psychological. Fear and Greed. Remorse and Hope.

Sell then keep going up feel like sold too early. Drop then didn't sell then feel sad and pain more and more.

Drop then sell then go up then bang bang.

Drop then buy then go up feel like genius then drop again say why never sell take profit. Then next time go up sell then keep going up aiyah why sold so early? Then buy back then drop then aiyah why I buy better sell then go up again aiyah why? why? why?

I have been through all these emotions for uncountable life cycles bro. Now I just follow my rules and don't look back. Placed a trade, closed a trade, turn off laptop and proceed to a beer bar to end the day.

 

[cyke69sg]

I have been through all these emotions for uncountable life cycles bro. Now I just follow my rules and don't look back. Placed a trade, closed a trade, turn off laptop and proceed to a beer bar to end the day.

Actually that's a good way.

Frankly I think maybe having robot trader would work. Don't you think? Set the parameters. Trigger buy or sell. Cold hearted emotionless.

I read somewhere there got study that those people who BUY AND FORGET actually might do better than active management.

 

[dereth]

Huh? You two are not arguing?!?!

What is this? World peace?!?!

Addendum: Today I learned that the Beaver is the national animal of Canada.

 

[crimsontactics]

Huh? You two are not arguing?!?!

What is this? World peace?!?!

Pray for peace and harmony Bro dereth!!!

 

[AuraKUPO]

Actually that's a good way.

Frankly I think maybe having robot trader would work. Don't you think? Set the parameters. Trigger buy or sell. Cold hearted emotionless.

I read somewhere there got study that those people who BUY AND FORGET actually might do better than active management.

Can help me to program the AI bro

 

[AuraKUPO]

Huh? You two are not arguing?!?!

What is this? World peace?!?!

Market today ATH, going to hit the all time ATH soon. I am right again.

 

[lovemyself123]

Before the market went down to 4800, I already sold everything and I told you all to do so already.

When the V shape recovery took place, I everyday told you all to faster sell house sell wife to jip. Of course I also jip.

I just sold my last remaining stock today when it hit ATH. Now I am cash is king, war chest big big.

you sold everything? so will crash from here???

 

[dereth]

Pray for peace and harmony Bro dereth!!!

Yes to peace Bro crimsontactics!

BTW, today I learned that the Beaver is Canada's national animal.

 

[dereth]

Market today ATH, going to hit the all time ATH soon. I am right again.

My end is (was) all ATH... then tapered off a bit now.