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WarGamer

(12,344 posts)

14. As an active and daily trader...

Reply to Tomconroy (Original post)

Tue Aug 31, 2021, 11:38 PM

Aug 2021

The market is NUTS.

What was it... irrationally exuberant?

The last year has been easy to make money. Buy weekly options for SPY (S&P 500 ETF) and collect your cash.

Prices are waaaaaaayyy disconnected with valuation.

The whole thing WILL crash, bigly...

I don't think it'll be this year, though... probably Spring.

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Highlight:

OMG the stock market! [View all] Tomconroy Aug 2021 OP

.... Rorey Aug 2021 #1

Isn't this where someone here calls it a ponzi scheme? brooklynite Aug 2021 #2

Won't somebody think of the *millionaires*? Pinback Aug 2021 #3

market's doing well -- indicates confidence in a good President cadoman Aug 2021 #4

LOL. "indicates confidence in a good President" PSPS Aug 2021 #6

I lived through a lot of markets now. Tomconroy Aug 2021 #5

There is no better idea...If there is a new stock..sometimes a chance on that is worth the Stuart G Aug 2021 #10

Don't pick stocks. Invest in the broad market Tomconroy Aug 2021 #13

...Yes, that is true, a little of this industry, and a little of that industry and some others. Stuart G Aug 2021 #17

Eventually, everything that goes up must come down. kentuck Aug 2021 #7

Except for the stock market. It does go down but for all of our Tomconroy Aug 2021 #8

That depends on the stocks you invest in.. Stuart G Aug 2021 #12

Don't buy individual stocks. Very few people are smarter Tomconroy Aug 2021 #16

The stock market has been doing well for about a decade now. Demobrat Aug 2021 #9

I really wish I could convince younger people of this. The stock Tomconroy Aug 2021 #11

As an active and daily trader... WarGamer Aug 2021 #14

I don't have the temperament to be a trader. Tomconroy Aug 2021 #18

Definitely!! WarGamer Aug 2021 #20

I used to have a small account where I bet on individual stocks. Tomconroy Aug 2021 #22

Playing shares isn't that exciting TBH... WarGamer Aug 2021 #23

Just can't do it by temperament. And I think most people Tomconroy Aug 2021 #24

You're right. WarGamer Sep 2021 #26

do you trade w cboe? mopinko Aug 2021 #25

No, I'm just a retail trader using WeBull.. WarGamer Sep 2021 #27

My absolute favorite investing book is The Elements of Tomconroy Sep 2021 #28

100% agree WarGamer Sep 2021 #30

The market has been very good to me. bif Aug 2021 #15

Me too...A whole lot, different story, same result...Not the amounts, but same result.. Stuart G Aug 2021 #19

You lived through 1999 and 2008. You deserve to be wealthy. Tomconroy Aug 2021 #21

Oh, for Chrissakes. PoindexterOglethorpe Sep 2021 #29

Many here that trash the stock market do so because of jealousy MichMan Sep 2021 #31