Why 12,000?

Because it's TWELVE-THOUSAND!!! You know, most people who trade equities or options actively, eventually become Bears -- at least sentimentally. There's lots of reasons for that, but primarily, it's because markets, when they go down, go down faster and harder than they go up (They take the stairs up, and the elevator -- or window -- down.). Jesse Livermore, regarded by some to be the greatest stock trader of all time, shorted the market in 1929 and made a $100 million. Adjust that for inflation. it was 1929. Jesse was great because he was the greatest Bear. But you don't even need a crash. Corrections of up to 5-10% take a matter of days, while the climb back up can take weeks and months. And if you're used to the idea of doing best in bear or crashing markets, then crashes don't scare you. You secretly long for them. Bull markets are effing boring. The other reason is that Bulls are either making money on the transactions (brokers), or they're suckers, morons, or ignoramuses when it comes to understanding what's really going on. At least that's how the Bears see them. Do they make money? Sure. Buy and hold, and...


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Richard Nikoley

I started writing Free The Animal in late 2003 as just a little thing to try. 20 years later, turns out I've written over 5,000 posts. I blog what I wish...from diet, health, lifestyle...to philosophy, politics, social antagonism, adventure travel, expat living, location and time independent—while you sleep— income by geoarbitrage, and food pics. I intended to travel the world "homeless," but the Covidiocy Panicdemic squashed that. I became an American expat living in Thailand. I celebrate the audacity and hubris to live by your own exclusive authority and take your own chances. ... I leave the toilet seat up. Read More

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