I remember nasty 2022 as well , but still not convinced of $CVNA business model.
Personal experience ot doing my cars trade and sale at Carmax was way better and more efficient than Carvana . I do trade Carvana short , golden time at $HTZ trades over the early times taught me one thing , car industry is very complex and not reliable, look at $F for decades it was like 9 bucks , forever loser.
Your post is good as reminder to me again not to marrying stocks , except for dividends over 9% , and just trade in trend . Never get pissoff and try get even with losing position.
Good luck with employment, will pass along to my sources about your honest nature and great experience.
Great post Richard. It takes courage to be so transparent.
BTW, I laughed when you characterized CVNA as an Ugly Duckling. Were you aware that CVNA’s founder’s father ran a public company back in the 90s called Ugly Duckling? “Interesting” story
Thanks for sharing this. 3 years ago, I stop trading cryptocurrencies because I over leveraged some positions even without a stop loss and the volatility swept by account over 90%.
It wasn’t a life saving, but it led me to very high yield crypto strategies with lesser risk
I remember nasty 2022 as well , but still not convinced of $CVNA business model.
Personal experience ot doing my cars trade and sale at Carmax was way better and more efficient than Carvana . I do trade Carvana short , golden time at $HTZ trades over the early times taught me one thing , car industry is very complex and not reliable, look at $F for decades it was like 9 bucks , forever loser.
Your post is good as reminder to me again not to marrying stocks , except for dividends over 9% , and just trade in trend . Never get pissoff and try get even with losing position.
Good luck with employment, will pass along to my sources about your honest nature and great experience.
Regards ,
Alex
Thank you for sharing this Richard, and happy to see you writing again!
Happy to see you writing again!
Great post Richard. It takes courage to be so transparent.
BTW, I laughed when you characterized CVNA as an Ugly Duckling. Were you aware that CVNA’s founder’s father ran a public company back in the 90s called Ugly Duckling? “Interesting” story
Thanks for sharing this. 3 years ago, I stop trading cryptocurrencies because I over leveraged some positions even without a stop loss and the volatility swept by account over 90%.
It wasn’t a life saving, but it led me to very high yield crypto strategies with lesser risk