Always amazing to see how confident people are in themselves... Usually the same people that internally are aware that they lack education and are fairly uninformed on the general topic. Regardless of how many times they have faced the truth of not being as bright as they think, they still put forth a image of confidence and are always smugly putting others down/looking down on others.
It's hilarious how routinely their work has basic errors in it, and it's always due to their fake self belief that they are "smart", which leads them to rush through everything. Every time this is their downfall: - completely missed the topic / issue at hand - forgot to use all the information provided - somehow answered a question that wasn't even asked - poor reading comprehension and critical thinking skills
Like this thread right here is a golden example of this. Imagine reading something along the lines of:
I made an investment in September where I took my savings AND the used a 15K loan. I used ALL this money to invest in XYZ. At first I was down big, and I was laughed at, now I sold them and made a profit. Jokes you fools!
How are some of you so lost? Well lets make an example. 100K Saving + 15K Loan = 115K To invest Screenshot shows a profit of +17K.
115K Invested + 17K Profit = 132K Total
132K Total - 15K Loan = 117K 117K - 110K savings = 17K
17K - Loan interest payments = Real profit.
Not sure about you guys, but if he did this, I am going to give him the benefit of the doubt that at worst used an unsecured Line of Credit at around 11-13% Interest. There is a chance it's secured and its 7-9%. Maybe even a HELOC at 4-7%. However, it's almost a guarantee he paid lower than whatever rates I stated for the type of loan since those are Canadian rates for an average person who isn't a complete clown. American rates are always lower and somehow everyone gets them.
I did not see the previous post, but judging from the expiry, strike, and a quick glance at the chart. He was watching this for a while, after seeing the the early august and end of august highs approach 58 but falter, he likely was hoping for a period where it provides clear resistance, bounces back up near 58, drops but remains higher than the most recent drop post august, and he either bought right then hoping the third time it approach 58 it would break through. Chose a strike that would be the next level, with an understandable basic reason for his target, but the hope that it pushes through to 61-63.
The fact that buddy held the drop, committed to a dick shrivelling average down, and this tiny move up put him into the profit, good for him, luck was heavily involved, but I respect sticking to his guns even thought I believe it was dumb as hell. He was WISE for selling and running, however I believe the average down was really idiotic.
This will likely be the only instance where his entire gameplan would have generated a profit. This shit prob sliding down real quick. However, hes going to go back in way down the road, and win huge. He will be glancing at CARR for years waiting for the next long term accumulation period and hit it again.
Hopefully he doesn't squander this, or blow his account up so he can be there for his second round of CARR plays.
I think hes an Idiot. I myself am a Dumbass. Those of you who completely failed the most basic thing in this post are the true Retards.
That's why this thread is great, we don't need to see you guys post your positions, we already know whatever you do, over time, you will always lose, because you have lost your entire life due to those reasons I listed above.
Trust me, I know. I have to watch you idiots every day at work. North American born, cant read for shit, and some Immigrant kid comes and wipes the floor because he actually gives half a fuck to pay attention.
Don't even try to tell me I am wrong, you know if it was possible to more than 100% correct, that I would be.
See what I did there?