Prophecy is being fulfilled
WallStreetBets has had its fair share of infamy. Back in 2019, the Reddit-based community was in the news for a “hack” that allowed users to trade with unlimited margin. Now, they’re in the news for skyrocketing Gamestop ($GME), Blackberry ($BB), and AMC Theatres ($AMC) to record highs. With Robinhood as WSB’s weapon of choice, investors are throwing caution to the wind in the name of big tendies.
Everyone wasn’t amused about the sudden price fluctuation. Investors who shorted GameStop were now caught in a short squeeze. Melvin Capital, a New York hedge fund, had shorted GameStop early in 2020.
An army of retail traders would have other plans, as they would send several stocks to sudden highs. Citadel and Point72 were also caught in the storm, closing positions at a $5 Billion dollar loss. The total loss of short sellers on Jan. 27 was $14.3 Billion. …
A wild ride on the road to riches
On December 22nd, I set a buy limit for 6,000 XRP at .50 cents. Hours later, news broke of Ripple being sued by the SEC. I went to adjust my buy limit to .25 cents, but it was too late. My position was filled. People began panic selling in response to the news and I was down 50% in a matter of days.
Most would believe I’d be mad about it. I’m unbothered. I’ve accepted that XRP will do one of two things: rise or die. Either way, I’ve acknowledged my risk and accepted the outcome. …
In the end, it comes down to you
“You were born alone and you will die alone.”
My intention is not to start this writing in a grim manner, but to address the importance of self-reliance. Life is a challenge and we ought to rely on ourselves to make the best of it.
Life is like a casino. We make bets every day that result in wins and losses. When was the last time we bet on ourselves? When was the last time we examined our skills and deemed them worthy of shooting for the moon?
Betting on yourself means you believe in yourself enough to reach your full potential. It doesn’t matter what obstacle stands before you. You are willing to overcome them. Many people don’t take chances because they fear failure. They don’t believe in themselves. Fear is the prelude to regret. The last thing you want in life is to have more regrets than accomplishments. …
Take back your power
The internet can be a great place to learn new things, meet people across the world, and find entertainment at our fingertips. To date, a huge amount of our time is spent online.
The internet can be a gift and a curse. It can be the best thing ever or it can become a living hell. One example is dealing with trolls on social media.
What are trolls, anyway?
Trolls are people who intentionally post negative comments with the goal of getting an emotional reaction from people. Some are harmless trolls, but unfortunately, some are more sinister. They’ll participate in online harassment, bullying, and even death threats. …
Being financially fit is always in style
You work too hard only to let your money sit in a savings account. Did you know that you can put your money to work?
Think of your money as a person. Money sitting in an account is like a person sitting on the couch all day doing nothing. We’d be upset to come home after work and see that person hasn’t moved all day.
Wishing we had more money is like wishing we had a body like an athlete. People want to look good but don’t want to work out. To get a good looking body, we have to become physically fit. To get a good looking bank account, we have to become financially fit. …
The grass is only as green as you make it
Comparison is a double-edged sword. While it can be used for motivation, it’s widely used in a negative way. People compare their life to what others have achieved in theirs. Unfortunately, this is how people end up chasing after the wrong things.
Comparison is a waste of time and a foolish thing to do. People compare their shortcomings to other’s highlights, yet they don’t see what happens behind closed doors. People only show what they want others to see instead of the entire picture. If someone were to show everything, their life may not be as interesting.
What Really Matters To You
When you compare yourself to others, you end up playing a losing game. You will never be happy no matter how much you accomplish. Every time you see someone doing a little better than you, you’ll keep wanting more until you end up losing yourself. …
Go with the flow.
My last published article was almost 3 months ago.
I have 15 drafts I’ve been editing here and there—some ranging back to last year. I tweak, I change, I contemplate, I delete. I do everything except the one thing that matters most — releasing the freakin’ articles.
Creative blocks are something that I’ve experienced most of my life. Sometimes, I get a rush of inspiration and can write all day. Other times, I have nothing to offer.
I try to push along but can’t seem to get going. Something I’m learning to do is to let things be. …
Become the greatest version of yourself
Getting in your own way is something we all do. It’s something I know all too well.
I never had a problem with having ideas. My problem came with execution. There were many things I could have tried, but I would nitpick the idea until I was no longer interested.
One day, I just said to myself, “You have much, yet you have nothing.”
The potential was there, but the mind wasn’t. When I compared the reasons why things weren’t happening, I realized there were more reasons in my control than weren’t. …
