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Blood on the streets cleaned up
- Thread starter charliebrown
- Start date
I will begin shorting meme stocks around end of August.
Today AMD is nearing 57. Sold my calls as I expect the 57.25 resistance to cuck everyone who longed. Seems too much like reverse trading and expect a correction but will see. If it fails to break that resistance 3 times tomorrow I will buy puts. If SPY rallies, then people will leave tech again to go to higher potential profits elsewhere.
Right now seems its FOMO and FED keeping the market rally. Should really have let badly managed companies fail tbh. My portfolio is mainly dividend, so I am not too concerned with balance sheets.
Today AMD is nearing 57. Sold my calls as I expect the 57.25 resistance to cuck everyone who longed. Seems too much like reverse trading and expect a correction but will see. If it fails to break that resistance 3 times tomorrow I will buy puts. If SPY rallies, then people will leave tech again to go to higher potential profits elsewhere.
Right now seems its FOMO and FED keeping the market rally. Should really have let badly managed companies fail tbh. My portfolio is mainly dividend, so I am not too concerned with balance sheets.
When the lock down happened I put another 10k into a gold mutual fund, really wish I would have put more but I limited it to 10k because I was waiting for a good chance to buy silver for cheap. Long story short I got greedy/they were sold out and missed a few opportunities to buy and now it’s back up at $18 an ounce but with much higher premiums so it ends up being more expensive now compared to 3 months ago. Still waiting for another chance to buy though.
I own a small stake at a restaurant and I’m really missing those monthly profit checks, lol. The restaurant industry is hurting bad, those rent payments don’t go away just because the government orders a shit down, and just because we are allowed to open doesn’t mean profitability either. I will be lucky if the restaurant can break even with the time remaining in the rest of the year. It’s really sad when the next 10 months of profits disappears. I’m lucky I’m not counting on that money to live on but it would be nice to have more cash to invest with in these uncertain times.
I own a small stake at a restaurant and I’m really missing those monthly profit checks, lol. The restaurant industry is hurting bad, those rent payments don’t go away just because the government orders a shit down, and just because we are allowed to open doesn’t mean profitability either. I will be lucky if the restaurant can break even with the time remaining in the rest of the year. It’s really sad when the next 10 months of profits disappears. I’m lucky I’m not counting on that money to live on but it would be nice to have more cash to invest with in these uncertain times.
I did think that the virus will have a huge toll but them was wrong. The market has figured out that even with teh worst scenario.. there isnt any impact
OR maybe when real bad numbers start showing up in next 2 or 3 quarters, then it will crash... But then I am not banking too much on the crash as the algorithms have improved.
OR maybe when real bad numbers start showing up in next 2 or 3 quarters, then it will crash... But then I am not banking too much on the crash as the algorithms have improved.
I had posted some time ago, well before the pandemic, that I had an uneasy feeling that something big and bad was about to happen. I instructed my financial advisor to stop reinvesting dividends, and move them to cash. Same thing with my bond portfolio. As they were either called or matured, I kept the proceeds in cash. Cash is king! Almost forgot, keep your powder dry!
There are a ton of rules with investing, one of them is NEVER FIGHT THE FED!!!! If the FED wants to keep the market up, they will keep the market up.
Investing is a long term endeavor, if you have a long term horizon, their is absolutely no reason why you should not have a portion of your investments in the stock market. as you grow older, that horizon shrinks and you should be slowly transferring more of your assets to safer investments and/or preferably enjoying life while you still can.
Investing is a long term endeavor, if you have a long term horizon, their is absolutely no reason why you should not have a portion of your investments in the stock market. as you grow older, that horizon shrinks and you should be slowly transferring more of your assets to safer investments and/or preferably enjoying life while you still can.
Once you have created enough income generation to provide the cashflow you need, and a little security net, a long term view is easy and wise to take. etf funds tracking the major indicies will beat the professional advisors the vast majority of the time, and having a long view is low risk. It is a mental game and if you can ignore the daily fluctuations you will win.
