jamzkourt OP t1_iyb6f86 wrote on November 30, 2022 at 2:24 AM

Reply to comment by beeeeeeeeks in What’s the first stock you ever bought and at what price ? by jamzkourt

Nice !!!! Do you trade anymore ? Or just buy and hold

beeeeeeeeks t1_iyb83a2 wrote on November 30, 2022 at 2:37 AM

I go through periods of heavy trading and periods of little to no trading and low amounts of risk on the table. Some years I churn through tens of millions in notional value traded and some years less than 100k. Was short most of the year and recently closed those out, leaving just a few core holdings long.

The market is pretty boring right now so I'm more than happy to spend my brain power elsewhere. Trading takes up so much mental capital, especially when working in markets that trade 24 hrs a day, or when you carry an uncomfortable amount of risk into geopolitical events.

jamzkourt OP t1_iyb8lvx wrote on November 30, 2022 at 2:41 AM

I always feel like trading is like fantasy football for business minded individuals lol it is very mentally and physically draining ….my eyes and back hurt all day long lol

beeeeeeeeks t1_iyb9wew wrote on November 30, 2022 at 2:51 AM

Oh yeah for sure! What size candles are you usually looking at? I sure hope you're staring at a good monitor and sitting in a chair if you are staring at it all day long.

For me, aside from closing out a good trade, the most enjoyable part of the whole game is reading up on all the corporate dramas. Man I love a good fraud (FTX -- you darling!), the downfall of a company or nation that gorged itself on debt and crumbled, huge bets that failed. Keeps me coming back.

jamzkourt OP t1_iybal4g wrote on November 30, 2022 at 2:56 AM

I trade with a small group of people on a discord it’s quite entertaining!!! Gotta watch American greed if you like the drama prob one of my favorite shows ….they had a special on Nikola not too long ago lol fraud king

beeeeeeeeks t1_iybbhag wrote on November 30, 2022 at 3:03 AM

Yeah, that show is great! Nikola was a great downfall as well--Milton was so pathetic. I enjoy the trickle trickle as the financial reporting community fleshes out the details in these stories as well. GameStop was a fucking blast and a perfect storm.

If you have some time for a great (and hilarious) read about FTX's fraud, you'd love this blog post. Written by a market maker who specialized in the Vietnamese Dong and it's insightful.

https://www.readmargins.com/p/ftx-and-how-to-lose-money