Futures are green... and? it was green last monday after a disastrous week of all red. It's just another bull trap, the recovery isn't going to instantly start after a 2000 point dip. The market could go up 3k points tomorrow and we would still be in a decline.
the worst of the 2008 recession occurred over weeks, with most days being green, positive gains, and large red drops scattered between.
We are in an economic downturn, probably headed towards a recession over the next few months. Deal with it Bullfags. History shows I'm right.
John Davis
My portfolio is up over 83% this year. I am basically all in for (unnamed) puts dated in late March (low allocation), and end of April puts as well (high allocation). I think earnings may put me right where I want to be. If I make 600% off of this I won't be displeased.
I don't see this as getting better until after earnings drops start coming in. The in between seems to be somewhat fluff, though important regardless. I can make the money back in a month anyway, so I'm not overrisked. Good luck fellas.
Alexander Reed
I’m gonna have buffett gains after buying today’s dip! BRKB never below $200 ever again!! And I’m finally and AMD Chad!!
But no... you gotta keep the pastas down... make them dump another 10% and then I’ll have money for more than just water and bread sticks!!
Jaxon Walker
Anything to share with us lesser folks? Crumbs of Wisdom to aid us be more like you?
Nolan King
History shows that being able to buy after a 1 day, 30% drop in an already long bear market (for oil) means it's the deal of a lifetime.
>buying oil boomer stocks that's a big yikes from me dawg
Noah Parker
It could crash again, but I figured this dip would be short lived. This recession isn't due to awful unemployment numbers, or banks foreclosing on thousands of people, this is a recession caused by boomers being scared that they'll lose their last dying gasping grasp on the economy and are taking it down with them. In two months we'll easily be back on track to the highest we've ever been.
Isaac Perez
You are right. Entire countries are being shut down, profit margins have inversed to negative on a number of businesses, some people aren't even making income, and there's the rumblings of banks loaning poorly to foreigners by proxy overseas. Pic related.
The bulls are confident because they think that they have a clue as to what's coming. The same way people that are successful because of aspects mostly outside of their control can think so highly of themselves.
The difference between current bulls right now is they mostly only look backwards. "Well it was green back then, it should be green soon too haha". And so they fail to factor in the systematic effects of these happenings and have failed to look into the dominoes falling in the future. After earnings comes out, we shall see how things really went. I'll give you a hint, not so good.
you've got some balls man.. might make for a quick trade but thats about it imo...
Asher Carter
SSO and DBPG are Chad tier investments. You will be happy. They would have worked through the Great Recession and surely will work now. I'm more aggressive so I like SOXL (bought 3 dozen shares this morning at 151), TECL, FNGU, TQQQ, and SPXL but either way we're both going to be max comfy on the other side of this quarter's bullshit.
It really depends on how you've done lately. I've crushed it this last 2 weeks, sold 3k in spy puts, and dropped 1k into apple shorts. It closed out over 20%, obviously going to open very, very red, but I'm holding as it's entirely profit anyways and I have until 3/20. Personally, I think this is a very obvious bull trap, but how you handle your trades depends on your own financial situation and mindset. Personally, I'd hold. If it opens green Wednesday, I'd probably lean towards selling.
Ryan Martinez
alright biz how the fuck do i do short term option trades or any short term trades? >Market closes down to a price you like >future action overnight means the prices will open retarded high >you no longer want to buy at the opening price How the fuck can you make any money on a put on a day like yesterday when the market opens to a fucking cliff and all the value instantly disappears? What the fuck do you mean buy puts when your put price goes from 1.10 on friday to $4 on first bell monday? I don't get boomer market.
Nathan Williams
Theyre the only ones with a big enough war chest to survive. Plus they pay big dividends. Plus theyre cheap af right now.
Youre getting them at the prices the boomers did. Now's the moment of opportunity.
how to choose a good strike for SPY puts? Thinking mid/end April but not sure if I should buy 280 or 265
Daniel Foster
What will be safe haven if third world banks collapse? US only? Would Canada and Mexico also be safer due to reliance on the US and not domestic?
Hunter Howard
you think tech companies don't have a massive warchest?
Aiden Diaz
If you want to make money in stocks or any investment, first, you need the tools to do so. Picking up an MBA book, taking statistics, accounting, and similar online courses, should you eventually grasp such teachings, can pay you much more long term than current investment plays in the moment. The brain can be a supercomputer if you know how to utilize it and keep it sharp. Understanding, insight, time, and relationships are some of the most valuable forms of capital that exist. Money is like water. All you have to do is open the right spigots to make it flow to you.
Anthony King
One day you will be able to tell your grandkids /smg/ had a sticky.
Thanks bro. Pretty sure itll end up with me retired at 35. The plan is to exit the calls Thursday, stock up on dividenders like halliburton and slb at that point, then use to profits to buy a rental property.
Pls what do I put my call at? I've never done any of this before
Chase Ortiz
Lmao listening to Cramer right now start of the show >Mr. President you must do these 4 things >I think we’re in for a serious recession if we don’t get congress to enact some major stimulus and maybe that won’t be enough Middle of the show >trump interrupts with press conference >uhhhh we’re gonna do some stimulus and pretty much everything Jim just said Bruh.
>SLB calls for me tomorrow. Like this is what i'm talking about. what the fuck you mean SLB calls? how the fuck does that work? lets say you want a $20 call on this but by the time bell rings and if your premarket order doesnt fire aren't you just fucked if everyone is expecting to pump oil?
Nathaniel Torres
>Plus they pay big dividends what happens to stock price if they cut that dividend due to losing money from operations?
Carter Wilson
Thanks for the insight. I feel my brain has become dulled, so sharpening it is definetly a priority
Hudson Russell
I don't know much about Canada or Mexico, you'd have to look at exposures etc. My guess is Trump at the very least would charge a premium for gas going to Mexico, just to make up for the financial burden they present on the US. Hopefully he's that smart.
In terms of a "safe haven", it hasn't really changed. Gold, silver, treasuries. I'm not in treasuries right now because if you factor in future interest payout with future inflation, you may actually lose money on it, so it's riskier than I would like.
Grayson Wood
well i wish you luck...
Hudson Richardson
Tech companies get fucked by supply chain issues.
Oil companies, not so much. They already had their black swan. The one incoming for tech will be similar to what this weekend was for oil.
Yeah I guess you just need to get into it early. I'll be buying because oil companies are at historic lows, so it doesnt matter if it' at 9 am or 12 pm.
> Buy option contract expiring within what you determine as a short period of time > Sell it for profit if you picked right or got lucky > Lose your entire position in a very short span of time if you didn't or aren't
Nathaniel Long
nice I like it
Elijah Smith
Yeah except when boomers bought them they were genuinely the future. Now they are most definitely not. If fucking anything you should be hitting oil future contracts.
Matthew Smith
>thinking oil service companies will lose money when oil output surges.
Lol. Theyll be fine. Chevron and exxon will and other producers will hurt. Servicers like SLB and Big Red not so much
I don't understand what you mean, but yes, at opening bell in general options prices change quite a bit. Limit orders with options in a market this volatile is a very, very dangerous game. You can set a limit order and be sooo close, only to see the contract moon in your face while you held back to save
Jose Adams
You're supposed to cost average those, user. Not get buttmad everytime there's a drop. They're considered safe because they always recover in time, as opposed to individual companies which can and do hit trouble, drop, never recover, maybe go bankrupt.
Cameron Lewis
>thinking oil service companies will lose money when oil output surges. yeah.. increase in supply and shrinking demand.... hope you remember what happens to the equilibrium in this case from your economics class
Joseph Howard
what was the VIX when you bought the puts? lol I wanna see how harsh the premium is ~
recovery is an individual process recovery is what you make it let's yield together
Josiah Cruz
Good luck buddy. Personally, I've called the bottom in a dubs thread. 22xx on the S&P, 195xx on the DJIA. I also called BA hitting 200 a few weeks ago when it was at 32x and I was called retarded. There is still so much downside left in this market, it's absurd to think a payroll tax cut is going to do a fucking thing versus the supply chain issues we are facing alone, not to mention the virus. Or the OPEC situation. So, so much downside left.
Jaxson Lewis
I worked pipeline and oilfield construction for 9 years.
Halliburton will be just fine.
Ryan Ross
JUST TELL ME IF I SHOULD BUY TOMORROW OR NOT? AND WHAT I SHOULD BUY?
Uhh guys.....futures are falling and fast. 20 minutes ago S&P was 3.5% up, now only 2.5%, and all indicators from 5min to daily scream sell. Bull trap aborted to obviousness, butthole shattering drop at open.
Elijah Rogers
Yeah I'm going to sit it out for 1 day. Just to get my sanity back at least.
Matthew Martin
Damnit I leave for 15 minutes and you make futures start to fall who did it?
Luke Ward
Just a reminder to you faggots on indexing.
1) DON'T GO ALL IN ON INDEXING 2) Dollar cost average using the same percentage amounts during EVERY paycheck. 3) Emergency funds in low interest baring accounts, bonds, or CD's. Somewhere where you can access it quick.
Index fund strategies emphasize TIME IN THE MARKET over market timing. Your are locked into this method, so keep buying the dip.
