Can you do this successfully on a daily basis though? Sounds awesome but looks like that was one time almost a year ago.
I feel like both of these projections are disingenuous. To make money in ecom you need a good market, to make money investing you need a good edge. Doing averaged annualized returns hides a lot too. You make real money where there is a real business.
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No doubt about that! It’s just easier to make money now because we’ve had some very steady growth in the stock market. Making money in a bear market is much more difficult.
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Most people have a long bias yes but you can make money in bear markets with a short bias or as a volatility trader or something but it generally requires knowledge of derivatives that most lack.
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Yup most people that feel like they are “awesome traders” in a bull market are blind to the fact that everything’s in the green, can’t apply same tactic to bear.
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Also derivatives have many more dimensions than just stocks. Most are confused and get fucked by changes in implied volatility or timing.
End of conversation
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Active management is probably more difficult than ecommerce as well. Spending money on ads really only works when there’s actually someone out there who will act on the ad, if you have a shitty ecom business it won’t help you.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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