I should really start looking into shorting stocks.

[vga@sopuli.xyz]

I should really start looking into shorting stocks. I was looking at the news and Nvidia's stock and thought "huh, the stock hasn't reacted to these news at all yet, I should probably short this".

And then proceeded to do fuck all.

I guess this is why some people are rich and others are like me.

[knock_knock_lemmy_in@lemmy.world]

It's pretty difficult to open a true short position. Providers like Robinhood create contract for differences which are subject to their TOS.

[peregrin5@lemm.ee]

It's been proven that people who do fuckall after throwing their money into mutual funds generally fare better than people actively monitoring and making stock moves.

You're probably fine.

I never bought NVIDIA in the first place so this news doesn't affect me.

[mutilationwave@lemmy.world]

The vast majority of my invested money is in SPY. I had a lot of "money" wiped out yesterday. It's already trending back up. I'm holding for now.

[mutilationwave@lemmy.world]

They probably mean buy puts but they don't have the knowledge to know the vocabulary.