Something I need to do a better job at in this thread is explaining that not every play I post is a “buy and hold for the big one” play. A lot of the plays I post, if you’re quickly in and out, you can make money.
I struggle sometimes even in practice with that though, admittedly.
Oh no, I completely get it. There’s a reason these companies are so heavily shorted. It’s trash investing, even trashy swings but it is what the market has brought to the surface.
I used to like shorting stocks and made really good money on it. I covered my AMC short at $2. Thought it was dumb because I really thought they were headed to bankruptcy. A few days after covering AMC squeeze happened. If I hadn’t covered when I did it then I would have lost way more than I had invested. Will never naked short again. That is what got me into options.
I’m still 90% cash. Equities have been overpriced since they recovered from financial crisis due to artificially low interest rates.
These swing trades are just something I do to keep interest in the markets with another account that has boring IRA diversity.