Growing wealth should take years and lots of patience. People are jumping on the bandwagon of crypto because of fast return and are expecting the same of other assetsya, conceptually possible but
anyway struggling Extremely hard by investing w meagre sums
it will take yrs!
yes i know it Very well tooGrowing wealth should take years and lots of patience. People are jumping on the bandwagon of crypto because of fast return and are expecting the same of other assets
Growing wealth should take years and lots of patience. People are jumping on the bandwagon of crypto because of fast return and are expecting the same of other assets
Sorry to hear that. I also made concentrated bets in the past and lost money and now I am mostly diversified.my networth down half a million or down 64% from holding growth tech stocks and chinese tech....haiz, the worst year in stock investing for me. Really should have cut losses for my losing options and stocks. i sold a HK Chinese tech put options with zero open interest, i want to close position also cannot, end up that option tank 300% while the stock tank 75% and still havent expire, only on 30 Dec. Looks like i got to see out that put option and buy at 70% loss at expiry....really learnt a lesson
my networth down half a million or down 64% from holding growth tech stocks and chinese tech....haiz, the worst year in stock investing for me. Really should have cut losses for my losing options and stocks. i sold a HK Chinese tech put options with zero open interest, i want to close position also cannot, end up that option tank 300% while the stock tank 75% and still havent expire, only on 30 Dec. Looks like i got to see out that put option and buy at 70% loss at expiry....really learnt a lesson
I'm sure you have caught the upside earlier. I think can't always use the peak net worth to compare with current as that would further cause our "loss aversion bias" to kick in. Given the volatility of your choice in investment as well.
Just average out and calculate your XIRR over your long term investment history. If it's decent positive number then you are doing fine.
Hey man I am still here. I forgot my passwordSorry to hear that. I also made concentrated bets in the past and lost money and now I am mostly diversified.
I think many people are affected badly from the growth stocks and Chinese stocks meltdown, but they also made lots of money from the same themes in 2020, so it is just giving back some of those gains.
I remember the Uber bullish @d9_lives his last seen in the forum in Mar 2021, wonder what happened to him.
Hey man I am still here. I forgot my passwordand I reset it just to reply you.
How are you doing?
China stocks are NO BUENO in 2021 but I see it as a great opp. to buy more shares.
My port. in IBKR is YTD is -14.02% from catching the falling knives. I have 1.9k BABA hk shares @2xx and I will buy some tomorrow.
All my marijuana, psychedelic, space,. Lkco and Palantir are also burning.
I am loving it as I am still accumulating.
I found wallstreetbet a few month ago and learned about the infinity money glitch. It's 2-3k free money/month from selling calls (could be much more if I am braver)
We crossed 2M in combined networth this year.
Only 20? That's not enough?![]()
Looks like I am ending 2021 at only 20%underperformed S&P 500 again...
Only 20? That's not enough?
is this a free app? i want to compare my portfolio against s&p 500 too.![]()
Looks like I am ending 2021 at only 20%underperformed S&P 500 again...
I caught upside, but upside didn’t use margin, downside selling options is using margins, so get margin calls now. So basically gave up all my gains for the past 5 years.Must see whether he caught the upside. If he enter in 2019 or early 2020 then should still be positive. If he enter after that then it's really painful.
its just the Interactive Brokers account homepage....is this a free app? i want to compare my portfolio against s&p 500 too.