lol there is some crazy logic in Dotaking's posting that is factual if one looks at it from a certain point of view.
Dotaking's' Logic:
Year 2020: bought some stocks when they all crashed. Stocks rose spectacularly. Cashed out with profits.
Year 2021: buy some other stocks, add to the position if the price falls. Expectation: to replicate Year 2020.
Theoretically it is other peoples money Dotaking is playing with since he bought the shares off people who sold in 2020 and made profit. So he is running with profits or the 'houses money'.
I saw similar logic many years ago in the dot.com boom and subsequent crash. The difference now is that stock markets are at a high, they are not depressed like March 2020, overall market fear is now low, this means, all other factors being equal, stocks are much less likely to be under priced, and those that are falling could well be falling for a good fundamental reason (unlike March 2020 when macro fear was creating lots of under price mismatch across most stocks.)
Well everyone eventually pays their tuition fees to Mistress Market, and those tuition fees can be very expensive to the uninitiated.
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