here's an article i wrote laying out my thesis blindoptimismbc.wordpress.com

I have an MBA and have been investing/trading for 5 years now. I have doubled my account in 2022 by shorting smaller tech names, but im switching up my thesis for 2023.

let me know what you think

If your plan is to continue to short tech, I’ll be glad to read your thesis

basically, but im switching from small cap tech to large cap tech. I also encourage people to buy an inverse etf of S&P 500 or the nasdaq to gain leverage without a margin account and also diversification to reduce risk

Bookmarked for a closer look

i clicked the link and now my robinhood is empty???

what is the smallest amount that one could start with if i really wanted to make real money?

it was already empty before you clicked the link

that's a hard question to answer because i don't know what you mean by "real money"

but returns are based on percentages of whatever you have to invest. so the more you have to invest, the more you can make (or lose)

getting even a 20% return annually is far beyond what any mutual fund, savings account, or even hedgefund would normally give you... but if you only have 1000 bucks to invest, that's only $200.

i think the strategy i describe could easily provide 40% annual return in 2023 and there is a low chance of losing money as long as you start now.

but is that "real money" to you? idk

anyone promising massive returns like hundreds of percentages or higher are leading you into shady territory where you can easily lose everything you have. like most people who bought crypto in 2022

you don't invest to get rich, investment isn't/shouldn't be a replacement for a job. it should be a means of extrapolating what you already have on a YoY basis to make the future safer (or at least provide a further return based on risk). Like there's no situation (except gambling on day trades) you're gonna invest $1k and get like $20k back unless you're basically insider trading or winning a lottery.

Thanks

Well at the end of the day even if i only have 1-2k to spare, its still probably better to try and do this instead of just letting it sit in my account then

yeah ik Im not gonna get rich from nothing I may have worded the question poorly as I more or less just was looking for the answer I got, just to see what kind of percentages one could return fro the investment

Reminder that nobody can predict the future

in general that old saying tends to be true "you need money to make money". for most amounts if you cant risk it for a given estimate % return you may well just put it in an IRA or something

yeah, worth it also just to start investing and learn how it works a bit

im curious if you read my article or not

I will read later but the market in 2023 is still gonna be choppy af i think. Best to sit on the sidelines for several more months

You’re about to miss a lot of opportunities then

nah. earnings season is right around the corner and were about to see a major wake up call

Idk, I’m not big into the uncertainty. Made decent plays/money in 2020, would rather let it stabilize again before entering

your blog is cool but i think its quite an oversight to write off crypto and NFT's, we are in the worst economic drawdowns we've since 08' - singling out these sectors of the market just fits the narrative you want to paint, you cant be so narrow sighted

otherwise your article is neat

buy eth & btc

Outperform op

In 2020, I seen SPI Energy go up 4,000% in one day and I said to myself, "Wow I will never see anything like that ever."

In 2022 I witness chinese IPO AMTD Digital go close to 10,000%. History repeats more often than you think.

They introduced crypto options last year and there were a lot of 2020-like moves almost every week if you knew how to trade options.

youre talking about the sam bankman fried article, not the one about shorting this current market, but i do not "write off" all crypto. if you read the article, i say very clearly that i think blockchain has utility but the mania that created doggy coins with market caps of millions and pictures of monkeys being traded for millions as well --- that was clearly irrational

we are in a severe drawdown, but before that? we were in one of the biggest financial bubbles in history, so what is your point? when the dust settles, all of these useless coins and NFT's are gonna go extinct, but there will be a few that rise out of the rubble and go on to be very useful.

i actually worked at a crypto company, so it's quite funny to say that im writing off all crypto. definitely not the case

yeah im sure you could try and catch some parabolic s*** like that, but you also risk losing all your money that way. and how can one realistically predict things like that?