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It's not.
Figured I'd start with the tl:dr. My first trading account was set up and funded LITERALLY as the '08 financial crisis crash was beginning. I was so excited to trade I literally unloaded all my funds into stocks within a couple of days to weeks. The chart now doesn't look dramatic but you don't know what it's like to watch your portfolio literally melt away to nothing during a real crash. I'm not talking to the 0dte yolo crowd. I'm talking trying to invest for real. And there was no V. It rook a long time to build back up with all the bear markets and Covid in there to just continue the smack downs. When I speak to my dad who was doing the same during the '87 crash it sounds even worse than anything any of us have experienced. I was also watching him and stocks for real during the dotcom bubble bursting. But again look at the chart and it looks like a blip. All crashes are blips in the long run. It's been said a million times but take it from someone who has been there:
\- The most important thing is DO NOT PANIC. You WILL make irrational choices when you let your emotions get out of check. I know.
\-This too shall pass. The market has seen a Great Depression and many recessions and flash crashes and bear markets. They all end. And if they don't then money isn't gonna help where we're all going!
\- It bears repeating to never be fully invested. Never be fully leveraged. Temper your exuberance during the good times so you can add on during the low times.
\- The hardest thing is selling during a bull market and buying during a bear market. Successful traders and the "big boys" do this successfully. Retail does not.
\- I hate the term time in market but damn it it's true. But if you're buying quality stocks when the market turns down you will be rewarded eventually.
\- If you aren't buying and you aren't selling then turn it off. If you have decided to ride out the storm with what you have and just want to wait for the recovery then stop staring at the screen for 7 hours a day. Mental health is an important part of successful trading.
\- Nothing is as good or as bad as it seems. The world is not ending though people have thought as much stretching back till early civilization. The world is also not some Garden of Eden Shangri-La. Approach the market with that mentality.
\- Investing is for attaining wealth and financial independence. It is not a get rich quick scheme and unfortunately many new traders in the markets see it as an extension of Draft Kings. Be smart. educate yourself. Use the tax shelters available to everyone. Plan for the future because it sure comes much quicker than you expected.
This could be the big one and we'll see the Dow back at 30k...TSLA will go to 80...all big tech obliterated. Wall Street burns as the angry villagers descend on it with pitchforks. Lives are ruined. Bread lines instead of new iPhone drop lines. If I had to guess tho we'll be fine....as we always are. Don't freak out especially if you want to have a long career investing. And you should. It's one way the little man can make any money without inheriting millions from a rich family member. And if all else fails...
a few 0dte calls on 3x ETFs couldn't hurt...right? Just for funsies?