I have had a rough time with Visa and Mastercard. Bought V at 213, MA at 338. Should I add to those positions further? Also got some SQ today at 209 and looking to get more as it hits 200.

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Visa and MasterCard will be fine. Square as a growth play a little riskier but good long term.

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Financial getting smoked right now. Don’t see it stopping through 2021

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So buy on the way down…?

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There is a device called the put, it is used when the investor believes an imminent downtrend is forthcoming

You need to look at the opportunity cost. If you keep holding your losers to breakeven you lose so much for not putting that amount on winners.

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This only works if you will end by buying an etf and leave it for years

Anyone have thoughts on PayPal?

Bought leaps on Paypal, Master Card and visa today.

I got in on visa when it went public. I’m quite happy with it

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Bought USO puts today like an idiot. Can’t wait to watch the premiums go to 0.01

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🎶🎶 Everything is not what it seems
When you can have what you want by the simplest of means
Be careful not to mess with the balance of things
Because everything is not what it seems🎶🎶🎶

Damn I should have listened to Selena about this bull market.

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So time to get on APPS bandwagon again?

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I’m seeing lots of posts about really bad losses. If you trade you’re going to lose money - hopefully not all the time, but many positions will be mistakes. But you need a process to find ideas and manage positions. Two books you should read are “The New Trading for a Livinng” and “The Laws of Trading.” Both look at psychology, process, and risk in different ways that can help you work out your own process. The next 18 months will be much harder than the last 18 - time to start learning.

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