It is getting ugly out there so here's my advice after many years of investing:
1) Don't be a hero. Don't buy too early. Miss the first 10% move up and be fine with it.
2) Consolidate down to your highest conviction ideas. If you have more than 10-15 good ideas then your ideas are probably weak. You want 5-10 max.
3) Don't use leverage. Take it out of your portfolio ASAP.
4) These selloffs always last longer than you think. The market will punish people using too much leverage before we can resume our regular program of {checks notes} doing stupid things
Good luck. Be safe.
1) Don't be a hero. Don't buy too early. Miss the first 10% move up and be fine with it.
2) Consolidate down to your highest conviction ideas. If you have more than 10-15 good ideas then your ideas are probably weak. You want 5-10 max.
3) Don't use leverage. Take it out of your portfolio ASAP.
4) These selloffs always last longer than you think. The market will punish people using too much leverage before we can resume our regular program of {checks notes} doing stupid things
Good luck. Be safe.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
