Are we owner operators really stuck around 2 bucks a mile?

Discussion in 'Ask An Owner Operator' started by peabody747, Aug 25, 2022.

  1. supergreatguy

    supergreatguy Road Train Member

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    his decision to play margin, also his decision to not wait long enough to figure out that it was a mess up from the broker. And that he didn’t actually owe the 700k or whatever.

    how is it not gambling booking a load and delivering it?? You don’t know what can happen but you operate on the history you’ve experienced. A spare tire can come through your windshield any moment on the highway, yet you drive. You gamble with disease everytime you drink alcohol or smoke. Eat mcdonalds, touch a door handle. I think the pre conception is what makes the market a hard space.
     
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  3. supergreatguy

    supergreatguy Road Train Member

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    yep, you ain’t wrong. Steer clear of it then
     
  4. Kenworth6969

    Kenworth6969 Road Train Member

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    Somebody has got to say here that if you hang onto cash you're guaranteed a loss thanks to inflation as well.
     
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  5. supergreatguy

    supergreatguy Road Train Member

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    you can lose what you’re willing to lose. You book a load, another semi runs into you head on, you lose a lot. Not hard to understand what I’m saying here.

    if I’m sitting on 500k in my checking, and I trade with 50k that’s totally separate from my checking account and I play 20k and have a 5% stop loss (automatic sell if it drops to net -5% position) that’s not really risking losing everything. Hopefully I’m clear enough.
     
  6. supergreatguy

    supergreatguy Road Train Member

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    Honestly you’re still not losing much holding cash.
     
  7. KrumpledTed

    KrumpledTed Medium Load Member

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    Re-read the first part of my statement. You would have answered your own questions had you done so.
     
  8. Kenworth6969

    Kenworth6969 Road Train Member

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    Yeah and everytime you walk outside you risk a wild lion eating you, aliens abducting you or a poop falling on your head.

    I mean you know...
    If we're going down that road o_O
     
  9. supergreatguy

    supergreatguy Road Train Member

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    I mean I guess if you think all traders have insider info. You just kinda watch the market, know a little bit about charts, enter then exit. There’s no conspiracy really, sure there are insiders, what could you do about it? Nothing. Just trade the chart.

    also to add, options have expiration dates. Buy far out, take on less volatile positions, either average down your positions or sell. Not too crazy
     
    Last edited: Aug 28, 2022
  10. supergreatguy

    supergreatguy Road Train Member

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    except there are no lions in the us wild, poop likely just won’t fall, and aliens are subjected to only Arizona. But the stock market is real and an eagle could actually fly into your neck while driving. Just don’t trade and keep truck in’ dude, no sweat sweetie
     
  11. REO6205

    REO6205 Road Train Member

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    Your audience here isn't very receptive. There's probably a reason for that. Maybe a change of venue might give you more success.
     
    exhausted379, Czar_Zero and Dave_in_AZ Thank this.
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