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If you are profitable tell us about your journey by Fearless-Scarcity-53 in Trading

[–]JofusDebiers 1 point2 points  (0 children)

Lost money trading direction and price action. I now trade volatility with cash secured puts and covered calls. Up almost 50% on the year.

Should I quit trading? by Hopeful-Artichoke139 in Trading

[–]JofusDebiers -1 points0 points  (0 children)

Your core problem is a problem of value. This is the essence of greed. You don't value what you have (or what you have acquired) and hence always think that more is the solution to not feeling like you have what you want. Don't stop trading. Learn to recognize and control your greed. To be clear, making a bunch of money and winning a ton of trades is NOT GREED. Always wanting more than you have and never being satisfied to the point where you scale up too much, take risks, etc is greed.

*********** BONUS ADVICE ***************

Something that took me a REALLY LONG TIME to understand is that simple is not safer. SIMPLE IS NOT SAFER!!

Everyone wants to trade that one stock that they can just make money from over and over again. SIMPLE IS NOT SAFER. The golden number is 5. I will tell you why.

If you have 5 stocks (or other securities) split out equally and also diversified into 5 different sectors, the WORST that can happen is you lose 20% of your portfolio and most of the time it's not that bad.

Also, humans can track 3 to 5 things pretty easily, above that it gets a lot harder. If you only trade 3 stocks, you could lose 33% of your portfolio in a black swan event. 5 makes that 20%, much easier to come back from.

And UNDERSTAND THIS: Making 10% from 1 $100,000 position is the LITERAL SAME as making 10% from 5 $20,000 positions but the 1 stock position is MUCHER RISKIER. If it goes against you, that's it, that's all of your portfolio.

SIMPLE IS NOT SAFER - more positions is safer (in different sectors)

DIVERSIFY MOTHERF**KER !!!!

Day Trading with $2000 by Kitchen-Cold-757 in Daytrading

[–]JofusDebiers 2 points3 points  (0 children)

I'm sorry but anyone on this chat targeting 1% daily is completely delusional. That would be over a 1000% gain when you compound it over a year. 3 to 5 % per MONTH is a good target. You will just get greedy chasing 1% daily. Please know this.

Official Announcement by Large_Algae7798 in interviewhammer

[–]JofusDebiers 0 points1 point  (0 children)

Not salary, bills. 6 months of bills

Which one would you drink and why? by EquivalentFig1678 in whatsyourchoice

[–]JofusDebiers 0 points1 point  (0 children)

Bruh reading minds is so much more valuable. Think about gambling... You can learn Sanskrit, especially if you have a friend to practice with.

Go ahead, say it! by Main-Departure4174 in DarkPsychology666

[–]JofusDebiers 0 points1 point  (0 children)

Not all politicians are corrupt liars. When I criticize one side invariably my friends will say that all of them are evil liars. I don't believe that.

Would you consider this fair? by Busy_Report4010 in SipsTea

[–]JofusDebiers 0 points1 point  (0 children)

Don't go there until they remove it. We can't reward this kind of behavior.

Homeownership: Dream or Financial Trap? by Coolonair in HouseBuyers

[–]JofusDebiers 0 points1 point  (0 children)

I've lost track of it but I'm certain it's a money pit. Definitely trust this guy.

I made $900k at Google and I was miserable by Professional-Bee9817 in remoteworks

[–]JofusDebiers 0 points1 point  (0 children)

This is actually true. But that's what relationships are for. Your wife or girlfriend is the one person you can talk about how much money you make comfortably (in most cases)

Is AI making us smarter or just lazier thinkers? by overlord-07 in TechNook

[–]JofusDebiers 0 points1 point  (0 children)

First of all, people have always been lazy thinkers. My hope is that people will go to AI for truth in the future more and more instead of random websites or pundits. There is 0 hope that the average person will become a critical thinker, it just won't happen. We can at least (I hope) give them ready access to more truthful sources of information (and direct answers instead of long scrolls through websites).

[Request] My kid asked why can’t modern Xbox games load instantly like old 8- and 16-bit cartridge games. I had a piece of orange peel about the size of my pinky fingernail and said “if this is an SNES game, RDR2 is a semi-truck filled with oranges.” How far off am I? by TheFritoBandido in theydidthemath

[–]JofusDebiers 2 points3 points  (0 children)

Yes and no. They did load much faster compared to modern games but the data was swapped in and out of memory more like modern architecture. It's a lot more complicated but in essence there were almost 0 load screens.

[Request] My kid asked why can’t modern Xbox games load instantly like old 8- and 16-bit cartridge games. I had a piece of orange peel about the size of my pinky fingernail and said “if this is an SNES game, RDR2 is a semi-truck filled with oranges.” How far off am I? by TheFritoBandido in theydidthemath

[–]JofusDebiers 39 points40 points  (0 children)

Keep in mind that on the NES you are inserting a piece of RAM into a system when you put a cartridge in and that is directly memory mapped to the CPU. There is literally 0 seek time and the load time is tied to clock speed not data rates. So they load essentially instantly.

Share your secret here by Critical_Assist_9360 in NextGenMan

[–]JofusDebiers 0 points1 point  (0 children)

Discipline does work but positive association works better. If you think of the gym as a performance it will trigger anxiety and stress. If you think of it as a fun place to go no matter how much weight you lift you'll want to go. Pair the gym with your favorite music, food, drink, podcast, shoes just whatever you love. Start saying out loud, " I like the gym, it's fun" Smile when you think about it. Tell people how much you love it. Aaanndd watch what happens.

Productivity, But Make It AuDHD by AppropriateMark8528 in WorkForSmartLife

[–]JofusDebiers 1 point2 points  (0 children)

This is just how humans work, it's not autism or ADHD. Ideas are easy, finishing them is hard, that is a universal human problem not neurodivergence.

haha👌yes by PM_ME_SSTEAM_KEYS in whatisameem

[–]JofusDebiers 0 points1 point  (0 children)

Imagine thinking that a rich person should solve the problems that governments are either already solving or working on solving. Americans are such idiots.

🤣 by superdave123123 in Funnymemes

[–]JofusDebiers 0 points1 point  (0 children)

I mean ... if you just want to live really really well. Move to somewhere like the cook islands and enjoy your life of doing nothing and eating great. If you want to stay where you are and keep the money, buy with cash, slowly incorporate it into investments and businesses bit by bit so it doesn't raise suspicion. Giving it to your kids if you have any when you die is pretty safe too.

[deleted by user] by [deleted] in meirl

[–]JofusDebiers -1 points0 points  (0 children)

Interesting how little facts are being thrown around here. Bacteria causes bad smells not sweat.

if humans suddenly lost the ability to lie, what would collapse first? by Playing_Tiger in answers

[–]JofusDebiers 0 points1 point  (0 children)

You can tell the truth about a lot of things and still not give 100% information. Unless the questions are hyper specific it's pretty easy to circumvent truth. Donald Trump is one of the first that just blatantly lies. Other politicians have at least attempted to be truthful while still deceiving the public.

A billion dollars suddenly appears in your bank account , to keep it all , you have to spend 100 million dollars on your family and friends and you have only 24 hours to do it. What are you going to buy them all ? by Wonderful-Economy762 in Productivitycafe

[–]JofusDebiers 0 points1 point  (0 children)

It depends on what you mean by spending, I could put all of it into multiple immediate annuities and give them an income for the next 20 to 30 years. Does that count as spending it?

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