Especially after it has dropped so much. The problem with shorting is the upside gains are limited to the stock hitting zero but the losses if it rises are theoretically infinite. It is like selling a naked call. You never know what the price will be if you have to cover.Originally Posted by ETexBasscat
Putting money into the market was never intended to be the same as going to a casino.
But if your up against algorithms, isn’t it close?
FIFY, you're welcome. :-)
I love the computer generated crashes. They provide great buying opportunities because they have no regards to fundamentals. They trade short term and can result in placing good stocks well below where they should be trading. The algos are purely short term but can give a long term investor a great opportunity to buy into a market. People get too obsessed with returns over a year or two. It is pretty much irrelevant unless you are having to cash in stocks to meet your retirement expenses (which is not much of a plan in my opinion).
And yet for many investors that is exactly what it is. Many investors cannot even look at a stock or business and determine if it is fairly valued. Then look at the crypto morons.
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