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151
Shaman
2020 Oct 28, 1:08pm
Shaman
2020 Oct 28, 1:08pm
I’m back in. Trump is gonna win and it’s gonna bump stocks up as people know the devastating lockdowns are done for good. Good day for investing!
152
WookieMan
2020 Oct 28, 1:49pm
WookieMan
2020 Oct 28, 1:49pm
Shaman says
Just my take, but I think we go sideways for a Trump 2nd term. This Covid BS is an issue for sure. It's unavoidable. Money usually spent wasn't and cannot be made up regardless of the business and personal bailout.
I’m back in. Trump is gonna win and it’s gonna bump stocks up as people know the devastating lockdowns are done for good. Good day for investing!
Just my take, but I think we go sideways for a Trump 2nd term. This Covid BS is an issue for sure. It's unavoidable. Money usually spent wasn't and cannot be made up regardless of the business and personal bailout.
153
BayArea
2020 Oct 28, 2:26pm
BayArea
2020 Oct 28, 2:26pm
Shaman says
Reading the original post and now this. How much did you lose?
I’m back in. Trump is gonna win and it’s gonna bump stocks up as people know the devastating lockdowns are done for good. Good day for investing!
Reading the original post and now this. How much did you lose?
154
ignoreme
2020 Oct 28, 3:04pm
Shaman says
And it’s just as likely that he’ll lose or something else and it will go down tomorrow and you’re getting back in at exactly the wrong time.
I took a lot of crap in this thread previously for saying just to let it ride in index funds. Hope this real life example illustrates why that is correct advice.
I’m back in. Trump is gonna win and it’s gonna bump stocks up as people know the devastating lockdowns are done for good. Good day for investing!
And it’s just as likely that he’ll lose or something else and it will go down tomorrow and you’re getting back in at exactly the wrong time.
I took a lot of crap in this thread previously for saying just to let it ride in index funds. Hope this real life example illustrates why that is correct advice.
156
Shaman
2020 Oct 28, 4:20pm
Shaman
2020 Oct 28, 4:20pm
BayArea says
Got out at DoW 26,000, not much change from today’s result.
Reading the original post and now this. How much did you lose?
Got out at DoW 26,000, not much change from today’s result.
157
Eman
2020 Oct 28, 4:58pm
Eman
2020 Oct 28, 4:58pm
Hircus says
Hope you didn’t short it. From one happy Tesla owner and shareholder. I’ve been taking money from the TSLA shorts. Long TSLA.
I'm getting antsy to short TSLA.... its at 1715 today. Holy shit, look at that 1yr
Hope you didn’t short it. From one happy Tesla owner and shareholder. I’ve been taking money from the TSLA shorts. Long TSLA.
158
BayArea
2020 Oct 28, 5:59pm
BayArea
2020 Oct 28, 5:59pm
Shaman says
Lucky man. You could have really been fucked with that selling and buying... trying to time markets
BayArea saysReading the original post and now this. How much did you lose?
Got out at DoW 26,000, not much change from today’s result.
Lucky man. You could have really been fucked with that selling and buying... trying to time markets
159
Dholliday126
2020 Oct 28, 6:28pm
Dholliday126
2020 Oct 28, 6:28pm
You can't time assets, you just need to be in them. Unless you like getting fucked by inflation...
160
mell
2020 Oct 28, 6:40pm
Dholliday126 says
Depends, for the regular side/hobby trader that is likely true. However if you're willing to invest most of the full 10 hours (incl. AH) into the market action (since everyone is WFH anyways) or you can automate certain patterns then you can make a lot of money every day, esp. in a volatile market as right now. In the past weeks there have been numerous days where one could turn a few k loss into a few k green for select stocks within minutes. I expect volatility to continue or even grow in the current climate.
You can't time assets, you just need to be in them. Unless you like getting fucked by inflation...
Depends, for the regular side/hobby trader that is likely true. However if you're willing to invest most of the full 10 hours (incl. AH) into the market action (since everyone is WFH anyways) or you can automate certain patterns then you can make a lot of money every day, esp. in a volatile market as right now. In the past weeks there have been numerous days where one could turn a few k loss into a few k green for select stocks within minutes. I expect volatility to continue or even grow in the current climate.
161
just_passing_through
2020 Oct 28, 6:44pm
just_passing_through
2020 Oct 28, 6:44pm
mell says
Swing trading weather baby!
you can automate certain patterns then you can make a lot of money every day, esp. in a volatile market as right now.
Swing trading weather baby!
162
Patrick
2020 Oct 28, 7:46pm
Patrick
2020 Oct 28, 7:46pm
Hircus says
How about buying puts instead of shorting? Then your downside is limited to what you buy them at, but the upside is the same.
I tripled my money on TSLA and got out because I thought it was overvalued, then it doubled. I really don't understand it, but shouldn't complain.
I'm getting antsy to short TSLA.... its at 1715 today. Holy shit, look at that 1yr
How about buying puts instead of shorting? Then your downside is limited to what you buy them at, but the upside is the same.
I tripled my money on TSLA and got out because I thought it was overvalued, then it doubled. I really don't understand it, but shouldn't complain.
163
SunnyvaleCA
2020 Oct 28, 7:59pm
Patrick says
Hircus saysI made some money on TSLA puts after the "funding secured" $420 tweet. The basic problem is that the puts are very expensive — put writers know there's a reasonable danger of a crash. If a $400 strike costs you $100, the company needs to go down to $300 before you even just recoup the purchase price. To justify the risk of expiring worthless, you want to believe the company will go to $100 or $200 in short order.I'm getting antsy to short TSLA.... its at 1715 today. Holy shit, look at that 1yr
How about buying puts instead of shorting? Then your downside is limited to what you buy them at, but the upside is the same.
I tripled my money on TSLA and got out because I thought it was overvalued, then it freaking quadrupled. I really don't understand it, but shouldn't complain.
164
Dholliday126
2020 Oct 28, 8:27pm
Dholliday126
2020 Oct 28, 8:27pm
mell says
I pay a money guy, I don't have the time nor discipline to do it myself.
Dholliday126 saysYou can't time assets, you just need to be in them. Unless you like getting fucked by inflation...
Depends, for the regular side/hobby trader that is likely true. However if you're willing to invest most of the full 10 hours (incl. AH) into the market action (since everyone is WFH anyways) or you can automate certain patterns then you can make a lot of money every day, esp. in a volatile market as right now. In the past weeks there have been numerous days where one could turn a few k loss into a few k green for select stocks within minutes. I expect volatility to continue or even grow in the current climate.
I pay a money guy, I don't have the time nor discipline to do it myself.
165
Patrick
2020 Oct 28, 9:31pm
Patrick
2020 Oct 28, 9:31pm
SunnyvaleCA says
True. Options is a tough game played by smart people, but at least the downside is capped. When you short, you can really get taken to the cleaners.
If a $400 strike costs you $100, the company needs to go down to $300 before you even just recoup the purchase price.
True. Options is a tough game played by smart people, but at least the downside is capped. When you short, you can really get taken to the cleaners.
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Those of you who know me a bit from my history know that I don’t pull this trigger lightly. I didn’t fall for all the bear schemes in the last five years. I’ve been a bullish investor for the past 10 years.
The last time I did this (everything to bonds) was in December of 2007.