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Joined 3 years ago
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Cake day: August 22nd, 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."









  • Thought about a couple cases of his favorite beer. Still might do that. Any other ideas?

    Consumables that the person already likes make great gifts, since they will get used up and not sit around.

    I usually avoid abusable substances, just in case the person has a carefully balanced relationship with that substance.

    But you know your friend.

    Sometimes I just ask first. No real reason this needs to be a surprise.

    “I know you said you won’t take cash, but I’m going to grab you two cases of X as a thank you, on my way back.”

    Then they get a chance to call me off, or redirect me if it would be a problem.

    And I’ll always let them call it off with even a mild “no thanks”, since they might not want to say to me “I have a real problem with X and I can’t safely have thay much on hand.”.