Common misconceptions from today

1) You need to be more active to make money
2) Prices are dangerously volatile
3) The old FI was “better”

My response to that would be
1) You don’t, price trends will be the same over time, including long term. You don’t need to worry about 5 minute price intervals if you don’t plan to sell for weeks or months
2) The volatility looks high compared to the old days but it’s not actually out of kilter with even the most established trading platforms. Look at the NASDAQ or NYSE on Friday and you’ll find a range of 24h price changes which are the same as FI today
3) Nobody should ever miss the inequity that was the sell queue. You can now get out of any trade, but timing is important to maximise profit - just as it should be.
Just like I said last week - and many others have too - use these days to watch and learn if you don’t feel comfortable. Understanding the mechanic is so important, this is your money ultimately. There will always be more opportunities, FI is infinite, it never ends!
You can follow @FiDunwell.
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