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I have lost literally hundreds of thousands of $ trying to short obvious frauds and scams. I have made all that back and more by instead going long things that
by sub7 2y ago
I have lost literally hundreds of thousands of $ trying to short obvious frauds and scams.
I have made all that back and more by instead going long things that are cheap + growing.
Being a bear pays off 1% of the time, and the act of trying to time it actually changes the window so just be an optimist and get rich.
- WA 2y agoVery true. If you have the fundamentals right, but the timing wrong, you're still "wrong", because you're broke.
- ad 2y agoWhat information sources do you use to find the cheap + growing things?
- sub7 2y agoUsually big established companies that've been unfairly beaten down and financials don't have any red flags. I look at social chat/analyst chat also but mostly only to see if/how many people/bots are talking not really to see what they are saying. For example, I hold oversized bags of Boeing, Pfizer, and Google right now (these are new-ish positions ~3-4m in) If I'm wrong, I try to get out asap. If I'm right, I try to never sell.