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I’m feeling down
3030 is the low to watch. That was 61.8 retrace
3060 next level,up
Open interest all bonds blows
Flying stupidity. If that was a “no socialist” rally then what happens if elderly Biden gets sick or has a major mental stroke on stage? We fall 1k?
Quote:
Originally Posted by simpdog
https://i.imgur.com/MniKQLh.jpg
the market wanted more. a lot more.
Simp
What do you watch these days? Any particular stock your trade?
As an example.
I’m using Wynn as my corona proxy on mood. I see them selling heavy juice puts at $85. Folks gonna get hurt.
Holding short but trading around it too.
I’m always an AmZn guy
There are 3 S&P 500 stocks green right now.
Three.
It’s pretty ugly.Quote:
Originally Posted by sonatine
But it’s the truth
I’m gambling not trading.Quote:
Originally Posted by Sanlmar
Mostly HSD which is a double bear etf. S&P goes down 3% I gain 6%. Or on days when S&P looks better I take the opposite fund HSU.
They aren’t meant to be held.
I’m in and out in two hours. Volatility allows that.
I do keep an eye on Weed Tesla Wynn as well.
But really right now I’m HODLing cash ready to buy things up 2009-2018 style.
Remembering the post by one of you guys saying that after a big gain theres always a huge fall.
Loaded up on 100 shares of TVIX last night. Thinking of splurging with the earnings going somewhere nice cause of how cheap flights are
Trading is gambling.Quote:
Originally Posted by simpdogI’m gambling not trading.Quote:
Originally Posted by Sanlmar
Mostly HSD which is a double bear etf. S&P goes down 3% I gain 6%. Or on days when S&P looks better I take the opposite fund HSU.
They aren’t meant to be held.
I’m in and out in two hours. Volatility allows that.
I do keep an eye on Weed Tesla Wynn as well.
But really right now I’m HODLing cash ready to buy things up 2009-2018 style.
It’s not a sin.
Keep an eye on oil. It’s a proxy on the economy. Simple & obv. Is it drilling $40? idk
If 60,000 Microsoft employees are telecommuting who needs oil? If you aren’t driving to Vegas, Yellowstone or 5 Guys. I’m being random but you feel me.
Their is a glut in storage atm
It’s not something I trade but it informs me about my leans.
Quote:
Originally Posted by Sanlmar
heres something ive seen today;
the correlation between spy and the other shit on my portfolio is skewed. bigly. they are gaining less on the spy rises and falling harder on the dips. that could just be because i focus my portfolio on plague shorts but today its a much more pronounced effect than ive seen it before.
so perhaps that vague decoupling extends to oil, perhaps not of course.
Sounds like you have some great shortsQuote:
Originally Posted by sonatineQuote:
Originally Posted by Sanlmar
heres something ive seen today;
the correlation between spy and the other shit on my portfolio is skewed. bigly. they are gaining less on the spy rises and falling harder on the dips. that could just be because i focus my portfolio on plague shorts but today its a much more pronounced effect than ive seen it before.
so perhaps that vague decoupling extends to oil, perhaps not of course.
If I’m a retail investor looking to refi am I sitting out the market to keep my balance sheet clean? Random thought appropo of nothing
I would think you would be sitting out waiting for things to cool down.Quote:
Originally Posted by SanlmarSounds like you have some great shortsQuote:
Originally Posted by sonatine
If I’m a retail investor looking to refi am I sitting out the market to keep my balance sheet clean? Random thought appropo of nothing
Airlines getting punished quite a bit. I feel stupid for not being involved in their demise.
Eventually Trump will have to bail them out but it would be admitting that coronavirus is real......so it might be a while.
Are you kidding? This is once or twice in your lifetime volatility. This is where you fill your silos for “Sell in May and go away”Quote:
Originally Posted by simpdogI would think you would be sitting out waiting for things to cool down.Quote:
Originally Posted by Sanlmar
Airlines getting punished quite a bit. I feel stupid for not being involved in their demise.
Eventually Trump will have to bail them out but it would be admitting that coronavirus is real......so it might be a while.
The impulses and the fear is so clear and clean. If you have cash you should be able to get something. Not everyone trades or has cash. They are invested.
I’ve written how my biggest losses were in years were absolutely nothing fucking happened all day. You start forcing trades cause you like to eat. They will take you out and they did.
This is an exquisite moment
While gambling I mean trading right now on the ranges, I’m also building long positions I may come to regret in oil related stocks and weed, both of which have been beaten down badly and neither of which are going away - at least the ones I’m buying aren’t.
Jesus Simp. You were responding to my refi sit out question.
I’m having a Biden moment. Shutting it down. Be safe
shhhhhhhhhhhhhhhhhhhh don't tell anybody that they're paying you 6-10% in some of these names to sit back and wait for the inevitable uptick...Quote:
Originally Posted by Tellafriend
Quote:
Originally Posted by SanlmarSounds like you have some great shortsQuote:
Originally Posted by sonatine
If I’m a retail investor looking to refi am I sitting out the market to keep my balance sheet clean? Random thought appropo of nothing
there is a _lot_ of meat left on the bones for shorting airline stocks.
also ive started placing 12 month recession puts on spy, because i took a quick gander at the 2008 hit parade and if we really do drift into a full blown recession, spys going to drop to like 160'ish.
and honestly i dont see how a recession can be avoided at this point. trump just totally fucking cashed that check. re-elected or no, the scales will right themselves.
Got my nuts stomped on this morning
So I bought another 200 shares
juicy juicy prems in RCL, abrown…
can get some sweet, sweet action 30% below the market a month out...
LoL I actually just called my dad and asked if he would cover some insane margin account trade that I don't have the account to do but he does.Quote:
Originally Posted by GambleBotsChafedPenis
Looking at selling September Puts, thinking maybe like about 250k of risk for a $60,000+ sale. If I get bought into it I am sure I can still make money on it, just might have to wait till market recovers a bit.
He told me he would call me back in 10 minutes .... fingers crossed.