It is, but I’m only playing with money I can afford to lose. More than anything it’s giving me an exciting hobby to play with.

 

I didn’t realize Sun Country is doing cargo flights for Amazon. Maybe we could do Spirit Cargo in these trying times

“Less Passengers, more Cargo” ?

https://www.airliners.net/photo/Prim...BCF-WL/5940687

 

Exactly. I made a butt load on save puts, rolled it into xlp calls and have damn near zeroed my account lol yolo

 

My buy and holds are in my Roth IRA.

My ‘mentor’ I guess you could call him for investing always said “it’s not buy low/sell high, it’s buy high and sell higher!” Get in, see a few points gain, get back out and look for the next one. I don’t have a crystal ball and I’ve made a few mistakes, but overall I’m more up than down.

I remember a few years ago when crypto was the “thing” and out of boredom I decided to give it a shot. Turned 5k into 8k, took the white meat out bought a nice new set of scuba gear. Let the 5k ride a bit made another ~2ishk around the peak, got out totally and took a kick ass dive trip. One of my best friends who never played in the market got into crypto near the beginning and made almost a six figure profit. He refused to sell and rode it all the way back down to earth. To this day I’ll still randomly call him “bitcoin” to see what combination of expletives he comes up with.

 

Good on you for timing the market correctly, but my experience has been quite the opposite. Last year when I was bored on reserve I thought I would get into day trading with some play money...and whew boy was it ugly. When I finally threw in the towel I was down like $2k or so, which was sad considering that even the village idiot could've turned a good profit in 2019 by just buying and holding pretty much anything. You live and learn...

So starting in 2020 I swore off day trading and decided to just buy and hold for awhile in hopes of turning a small profit...and you can probably guess how well that has turned out so far. I sold on the way down since I might be needing that money if this all keeps up. Safe to say that was my last foray into the stock market for now. I learned my lesson, and that is there are much better minds suited for this kind of stuff, and I am not one of them. I'll just settle for being the airplane driver.

 

I’ve ran into some crafty pilots at spirit. Maybe we can get together and come up with a plan to cut a hole, install a cargo door and reinforce floors on our oldest airframes. 319s might be a little tricky considering how short they are, but I’m sure we can figure it out. As far as the STC goes, don’t worry, I’ll take care of it Boeing style....

 

I feel like you are the first pilot ever to admit their loses. Like yourself, I’ll leave it to the pros.

 

I always chuckle when I see the PCRA option to self manage my retirement fund. Hard pass, I'll leave that to the pros. I don't need my 401k looking like the opening scene of Saving Private Ryan.

 

ehhh, you are wasting a lot of money by not doing that. Throughout the course of your working life the amount of fees you are paying really add up. You could do the PCRA and do a very simple Vanguard 3 fund portfolio........head on over to https://www.bogleheads.org/

 

Sorry to hear it man, I am by no means a market star or financial guru. When I say I’m more up than down it’s not to say I’m off to sail the Caribbean on a yacht any time soon. Day trading is definitely a grind, and I don’t have the tenacity to work the up and down ticks every day.

My point was that when you figure an historical average of 5-7% market return and you’ve hit 40% in a day, why not realize some of that good fortune. If the stock doubles again tomorrow so what, you still kicked butt.

It’s like if you play roulette and double your money on red five times in a row, some people can walk away feeling great, others think that if they took their chips down and red hits again, they actually lost.

Horses for courses and whatnot.