4 ms·

You should not be actively investing. To be clear to the three instant downvoters, I'm saying parent is deluded and is going to lose repeatedly, not that activ

You should not be actively investing. To be clear to the three instant downvoters, I'm saying parent is deluded and is going to lose repeatedly, not that active investing is a losing proposition in general: > 2) Momentum driven companies where tons of liquidity is flowing to (TSLA etc) Put the money in the money thing! Yea! Parent is the portrait of sad hype-driven retail investor.

tomp 6y ago
> You should not be actively investing. Someone is.
- novok 6y ago
  Active investing is a full time job that people who do it full time often fail it. You often need multi millions in the bank for it to start outperforming your actual job income too, so it doesn't make sense outside of investment firms and banks most of the time. Realize that part of active investing is you have to beat the returns of VTI + your current job / biz income.
dash2 6y ago
Correct me if I'm wrong, but isn't momentum a well-known and fairly tried-and-tested strategy, and hasn't it greatly outperformed value over the past decade or two? Doesn't mean it will keep working forever, of course.
- burnthrow 6y ago
  Momentum trading is a specific TA approach which I seriously doubt parent knows about. It doesn't sound like identifying "Momentum driven companies" (wut) but specific technical signals. More likely they have $1000 in RobinHood and their "big loss" was $200, so this entire thread is pointless.
  - blantonl 6y ago
    OP here: My options trading account is well into 7 figures, and I do a tremendous amount of selling premium and wheel strategies on quite a few stocks, in addition to momentum trading. Careful on the investment lectures.
    - dash2 6y ago
      Have you made that money in bad times as well as good though? Plenty of people posting gain porn for 2020, but they may not be the next Warren Buffett....
- CarelessExpert 6y ago
  > Correct me if I'm wrong, but isn't momentum a well-known and fairly tried-and-tested strategy, and hasn't it greatly outperformed value over the past decade or two? If that was true everyone would be doing it, and then the advantage would go away. In short: if you think there's a "tried-and-tested strategy" that outperforms over anything but the short-term, then you either reject the efficient markets hypothesis--which would be pretty remarkable--or you don't understand it.

tomp 6y ago

> You should not be actively investing. Someone is.

novok 6y ago
Active investing is a full time job that people who do it full time often fail it. You often need multi millions in the bank for it to start outperforming your actual job income too, so it doesn't make sense outside of investment firms and banks most of the time. Realize that part of active investing is you have to beat the returns of VTI + your current job / biz income.

dash2 6y ago

Correct me if I'm wrong, but isn't momentum a well-known and fairly tried-and-tested strategy, and hasn't it greatly outperformed value over the past decade or two? Doesn't mean it will keep working forever, of course.

burnthrow 6y ago
Momentum trading is a specific TA approach which I seriously doubt parent knows about. It doesn't sound like identifying "Momentum driven companies" (wut) but specific technical signals. More likely they have $1000 in RobinHood and their "big loss" was $200, so this entire thread is pointless.
- blantonl 6y ago
  OP here: My options trading account is well into 7 figures, and I do a tremendous amount of selling premium and wheel strategies on quite a few stocks, in addition to momentum trading. Careful on the investment lectures.
  - dash2 6y ago
    Have you made that money in bad times as well as good though? Plenty of people posting gain porn for 2020, but they may not be the next Warren Buffett....
CarelessExpert 6y ago
> Correct me if I'm wrong, but isn't momentum a well-known and fairly tried-and-tested strategy, and hasn't it greatly outperformed value over the past decade or two? If that was true everyone would be doing it, and then the advantage would go away. In short: if you think there's a "tried-and-tested strategy" that outperforms over anything but the short-term, then you either reject the efficient markets hypothesis--which would be pretty remarkable--or you don't understand it.