• 2 Posts
  • 386 Comments
Joined 3 years ago
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Cake day: 22 August 2023

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  • had some bad losses in trading lately, took a short break and now trying to actually fix my risk management before going back in

    Good for you getting out. Don’t get back in. No more day trading. Day trading is anti-social shithead behavior, anyway. If you don’t feel bad for doing it, take a closer look. It doesn’t pass any kind of pro-social test.

    if you’re older and already been through your 20s, what do you wish someone told you back then?

    Someone did tell me this, but I was a stupid kid. I followed it, but I started stupdily late.

    Maybe you’re smarter than I was, but forgive yourself later if you’re not - you’re at least in good company.

    Here is is:

    "Time in the market always beats market timing. Buy conservative things with real value - ideally that routinely pay a dividend. Hold on to them.

    However powerful you think you know compounding interest is, you’re wrong. It’s substantially more powerful than that.

    Get it - compounding interest - on your side right now, and keep it there, anytime you can.

    Don’t take out any debt that you can possibly avoid."