
dclewis
42 posts




Qullamaggie on Don’t Do Reckless Things in Hot Markets “The main thing is, don’t be doing anything reckless. Like this is the type of market where a lot of reckless behavior — you get away with it. Not obeying your stops, putting a lot of margin into one single stock, doing these crazy option trades. You know, all of this stupid behavior has been rewarded this year. But it’s not gonna last forever. That’s the key. Don’t let this easy money get into your head and start thinking like you’re a genius that can do no wrong. Because as you know, this could stop at any point. That’s the key thing. ‘Cause I’ve been there. As fast as you make the money, you can lose it just as fast — even faster. So I’m just a little bit scared. Also because it’s usually after these times that the worst drawdowns happen.”



























