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.

likehelpful
Posting as :
works at
You are currently posting as works at

I’ve made a lot of mistakes so taking a step back to refocus.

1. Do not Fomo
2. Take losses early instead of having entire position go to Zero
3. Personally - never gamble on weekly lottos. Too risky and got burned both ways (sold
Early and held too long)

Related Posts

Anyone out there using Wealthfront? Lending Club? Fundrise? CircleUp? (or their equivalents) - what are your thoughts? Safe vs. risky; firm compliance issues; preferred investment, etc. Thoughts?

like

How much is a good amount (% wise) to be putting into your pension pot? Would be good to hear at different salary brackets!

like

D 🐠, what was your take home in first year as principal? I assume you all get roughly 350 units and have to finance your buy in. What does that leave for your monthly draw? And after your insurance?

like
like

Tempted to buy 1 BTC ..

like

Is it a bad time to open a gemini account? I know the SEC fined blockfi and stopped new accounts from earning interest; Voyager, Celsius, and Gemini were next to investigate. Should I wait for that to settle down first? Interested in using gemini earn for their GUSD interest.

Another question, how is gemini active trader? Fees seem lower than coinbase pro if trading low volume, but would love to hear thoughts on how well it works.

like

Anyone else pretty terrible at managing their own finances? I have an embarrassingly little amount of cash saved.

like

How much do you have in savings (cash, 401k, etc.)? And how old are you?

likehelpfulfunnyuplifting

Does anyone think Biden will *not* further extend the pause on student loan payments until after the election?

likehelpful

Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best

Any disadvantages to buying VTI (manually) vs. VTSAX (automatically)? Apart from convenience/removing emotional decisions. Fidelity charge $75 to buy any amount of VTSAX. Seems insane fee when you can just buy VTI for free. Am I missing something here?

likesmart

Best non-travel credit cards? I have Chase Marriott and SW but looking at best value cards during Covid. Esp Amexes. TIA!!!

like

Best credit cards for a non-road warrrior after CSR and Amex Plat changes? I think Amex Gold and the Chase Flex are pretty good - do not think CSR and Plat are worth it anymore

like

Will Amex restricting guess access for Centurion Lounge actually make any difference?

I can see short term changes but the way Amex has been aggressively marketing Platinum card, we just will have overcrowding of primary card holders 🤷🏻‍♂️

What's next, everyone has to spend min. 50k a year to get Centurion lounge access or pay per visit.

likeuplifting

Where does exodus get its price from for ETH or BTC?

MU & OCLR, stock bowl anyone?

like

Need help looking for a 1 bd, I’ve tried domu/Zillow but none of the options are appealing. Should I be using a realtor?

Budget: $1,200
Areas of interest: LP, Lakeview, Wicker Park, Old Town, Streeterville, West Loop, River North

like

Just checked all the assets and realized we're close to 1M€ net worth. Most of it is on the house, don't feel rich at all.

What will be in hand for the below after-tax deduction?

Post Photo
like

More Posts

Are my crypto profits taxed?

Well yes. Crypto is taxed like stocks & other types of property. When you sell for a profit, you are required to pay tax on the gains. It’s called capital gains tax.

like

Any dads out here? Wife is 20 weeks pregnant with our first and want to connect and know from fellow dads on how are they coping. How are you helping your partner? Feel I am not doing enough. Except for getting ready with the finances.

Pregnant moms, feel free to provide suggestions on what your partner is doing which you really appreciate. I got the foot massage part covered. 😉

likeupliftinghelpful

Hi Fishes !! I am searching opportunities in Financial Planning and Analysis role. If you can let me know or refer me ? YOE 7.5 years Thank you in advance !!

like
like

Interviewing for an AVP role after only 13 months of working. What kind of questions might trip me up and is there anything I should make sure to do? (Dept: TFI/support to traders)

like

I am currently located in Germany.I have a valid work permit- blue card for Germany.I am planning to move from CGI India to CGI Germany. May I know how much package (in Euros) I can ask for CGI Germany , 7 years of experience in Java, Spring Boot, Microservices,Kafka,Elastic Search and Camunda BPM (niche skills).

Hi All- I’d love to hear from the community what the focus areas are for Tier 2 firms in the region Are there certain sectors the various firms specialize/ focus on? It seems like everyone focuses on public sector and tmt. Currently interviewing at a few and would be great to get some feedback. Thanks!

like

Can I live comfortably in Dubai on 25k a month? With wife and kid too?

like

Hello 🐠

Are your firms transitioning to golden visas? If yes, at what level? Please answer with firm - level. Thanks!

like

Para 2

, good for nothing husband and they regret that this marriage happened and dragged every single discussion/scenario that we had in these many months in front of the family members.

i never abused my wife, never demanded anything materialistic from her and or her family, i have taken her to different places, bought everything that she demanded for

CB Bonus outlook for FY20?

like

Ever had one of those days where everything is just making you cringe so bad, to the point all you want to do is sit on the ground and cry?

Today is one of those days, and even when I know things will get better or "this too shall pass", I am sad, I can't enjoy whatever good there is...I feel powerless.

like

Huge btc short position in market right now, I expect a lot of liquidity issues to come to light soon. Bitcoin should end up below 30k and stay there as new resistance soon. You all doubt my previous posts but all these bumps to 37-39k are fake bounces from retail buying the dip. Defi is gonna unravel. Do you honestly believe the 10-40% defi interest rates were risk free. It’s all paid by stablecoin printing backed by the assumption that crypto prices would keep appreciating

likefunny

Any DMV riders here?
Riding: 1 year
Bike: Kawasaki Vulcan 650

Post Photo
like

Any pointers on the best UK credit cards to get?

(Context: I'm a Londoner moving back home after 5 years in NYC)

like

How do you feel right now 1-10? Why?

Treat yourself kindly. ❤️

Post Photo
likeupliftingfunny

Additional Posts in Option Traders & Investing

3/23 Thread (General):

like

Thoughts on SNAP puts ? I feel like Snapchat is the least utilized social media platform behind IG, tik Tok and Facebook. Yet it’s basically at a 52 week high

like

Anyone here playing $BGG?

like

Thoughts on GILD for a medium term hold?

like

I feel like this is a buy signal bc I don’t know what’s going on anymore.

Post Photo
funnylike

Who’s buying BB calls?

like

Everyone’s so focused on Airbnb and Doordash lol. Nobody’s talking about C3.ai though 👀

like

New to options on fishbowl - I have a call itm with Robinhood that expires tomorrow. If I don’t sell it, what happens? Will they exercise or am I better to sell it?

like

11/3 Thread (General) :

like

I am down $25K on $150K portfolio. Should I cut losses and leave or continue :(

like

Anyone still holding up those stocks? Chances of regaining the momentum in the near future?

like

Long time in the making; but we finally sold off from our 50% HWB short. We had two tests at the 3400 level, getting as high as 3420 today before the sell off. Momentum and pessimism over lack of stimulus could take us to the 3107 target quickly, nearly a 10 percent decline over the next month. Stay short my friends. It's going to get bumpy.

Post Photo
like

How do you renegotiate your commission rate on TD Ameritrade and it’s platform ThinkOrSwim? Is this requested online or do you have to call in? Does it have a decent success rate? Im at the original .65.

like

Thoughts on SQ considering the CEO cashed in?

like

My play for next week:
Sell the SPY 200 puts since the market would plummet. Look for opportunities to buy back, probably when the stim bill passes. Would love to hear your thoughts on it

like

What the he🏒🏒 just happened? Everything is red!

like

What are some good healthcare/pharmaceutical etfs that you would recommend?

like

Anyone taking profits from UVXY and VXX or still holding?

GME call option expiring 1/29 +200%. Sell or ride the squeeze?

like

10/06 Thread (BC):

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal