Some additional topics I wanted to address...
I want to preface this with a little explanation about my situation. I am personally down 50% on my holdings, and I have put in about $200K. I also have about 8 friends who have $150K in. On top of that, I quit a 6-figure job to help Monk because he asked me if I wanted to work for him, and I didn’t even hesitate. You may not feel that you can relate with Monk financially, but I would hope that you would be able to relate with me. My only source of income is my ability to trade, and I learned this from Monk at a Monkinar! He helped me to think and live outside the box, and I am appreciative of that.
This is the Stock Market
To think that people aren't going to have different trading styles and investment strategies than us is ludicrous. Occasionally they will stumble into the Lion's Den or I mean Monk's Den:) and get eaten up alive..lol. We, as the Den, all have to try to accept and not confront any contrarian views with hostility. Even though, when we get aggressive in our posts we are trying to protect our team and what is most important to us, which is truly honorable, it does not do any good whatsoever to create enemies and a bad public persona of the Den. I will say, there are times, when even I can't help it but try to limit yourself folks. You don't need to quit cold turkey:) Some of the smartest and most knowledgeable traders are involved with the Den, and we want to always uphold the credibility of the Den through every single person. Let the past go at this point because we need to be planning and taking action for the future. Every decision we make, we need to truly think of what repercussions it will have on the overall strategy and long-term success of our plays! To feel as though we are winning a battle by calling someone out, banning someone, creating an enemy, will only cause larger problems for us down the road. We are creating many of our own monsters! What is there to be said besides that we are accumulating share of Monk's plays for the long-term and we trade ETFs to make consistent day to day returns. Then you can take the time to explain the details to someone who wants to know more and understand the concept behind our plays. And if you don't understand it well enough to explain, there are many that do. Be humble enough to realize that and pass that person along to more knowledgeable team members instead of creating weak-handed team members. We have the opportunity with each new person to create a truly strong hand! But it's for each of you to realize that and take the appropriate actions to insure that new people are supported until they get to the point where they "get it" and their expectations have been managed. New members or people who disagree don't need to figure it out over night. Just always be respectful and leave emotions at the door:)
Personal Finances
I know, and trust me I know, it's easy to get high expectations with our plays because they have great potential, we have no doubt. However, it is vital to plan our finances so that we can insure success. I know it's difficult and frustrating but being able to make decisions that will allow us to hold onto our shares for the longest amount of time is what is best for the team and our success. As we grow as a team, if people aren't making good financial decisions, we could have 100's of people selling a few thousand shares a week and those are shares that the other team members have to try to pick up. We can easily get unbalanced and be selling more than we are buying in a given week! Going in large into the plays can seem to be what's best for the team but truly what is best is holding your positions(regardless of size) strong without having a due date and to accumulate when finances permit. I cannot express this enough! We create our own monsters. We want to be the buy-side of the retail market as much as possible and limit the sell-side as much as possible over the longest period of time! I know people are in tough financial situations and have to do what is necessary to take care of themselves first, that is completely understandable. We all, as a group, need to be better about educating each other to manage expectations, our greed, our fear, and make financial decisions that keep you from losing sleep.
