Economy stonks only go up v6.1

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brackis1 said:
Yep!
I was sitting cash going into the speech, as soon as he said the word telemedicine I put over half of it in, then ran away after it spiked
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if I had more funds, I guess, I should have looked, out company was doing a big push on teladoc, seems like an awesome concept, and may revolutionize our health care. I think my wife put the house on TQQQ lmao
 
chardog said:
if I had more funds, I guess, I should have looked, out company was doing a big push on teladoc, seems like an awesome concept, and may revolutionize our health care. I think my wife put the house on TQQQ lmao
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The stock has been up huge. If you bought in this week you';d have lost money. This was a pure Donnie pump blip I benefit from. All the gains sold back soon after I did.
 
Drop, recover, drop, recover, repeat repeat repeat. With a downward trend the entire time. And the Covid19 is just starting to pick up steam. I don't see the bottom yet.
 
Do any of you think the dow will dip to 17 thousand?
 
i think we're essentially bottomed. as in, it'll probably drop a little bit more next week, but not toooo significantly further. i think the bulk of its already happened.

that said, if some other major catalyst happens (war, natural disaster, etc), it's all out the window. of course.

next week also has (presumably) federal stimulus announcement and the fed meeting, so...
 
Hadron90 said:
Yeah. I actually use $TMF, which is 3x leveraged. Just adjust stop losses every now and then so don't get hit by a big dip on it. Its up 60% in the last month, which is keeping me from panicking about my Roth too much.
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Going to call BS. You can't beat the market with index funds and all leveraged ETF's will go to zero due to decay.

I know this because my friend told me so.


jokes aside though nice work. Leverage gets a bad wrap but if the market keeps going down and dips to undervalued on most of the big indicators i'll start dollar cost averaging a % of my capital into a leveraged ETF.
 
Cid said:
Going to call BS. You can't beat the market with index funds and all leveraged ETF's will go to zero due to decay.

I know this because my friend told me so.


jokes aside though nice work. Leverage gets a bad wrap but if the market keeps going down and dips to undervalued on most of the big indicators i'll start dollar cost averaging a % of my capital into a leveraged ETF.
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The whole trick is setting tight stop losses. I cashed out my TQQQ when markets dropped like 5% a week ago. Haven't bought back in yet.
 
brackis1 said:
The stock has been up huge. If you bought in this week you';d have lost money. This was a pure Donnie pump blip I benefit from. All the gains sold back soon after I did.
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Glad I took a chance this week with a few different stocks as well. Do your research and follow your gut! Hopefully I see a few more posts like this from you in the weeks to follow.
 
Cid said:
Going to call BS. You can't beat the market with index funds and all leveraged ETF's will go to zero due to decay.

I know this because my friend told me so.


jokes aside though nice work. Leverage gets a bad wrap but if the market keeps going down and dips to undervalued on most of the big indicators i'll start dollar cost averaging a % of my capital into a leveraged ETF.
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On the flip side, we bag held natural gas ETF few years back, it reverse split and did decay a lot. Sucks and I’ll never go into energy again. You can bag hold an index fund more safely
 
Hadron90 said:
The whole trick is setting tight stop losses. I cashed out my TQQQ when markets dropped like 5% a week ago. Haven't bought back in yet.
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I doubt i'll set a stop loss until about a year after I've stopped buying to avoid capital gains. Dollar cost averaging will partially mitigate any loses and I don't plan on entering until we're undervalued (there's a way to go there) and have a margin of safety. Not gutsy enough to go 3x and i'll slowly build up to 105%-110% long so i should be able to eat any further losses if i'm early no problem.

I play the long game. I'll keep buying for a good two to three years hopefully longer depending on the length of the recovery no matter the price. Then a year later i'll set a relatively loose stop loss.

I prefer to use stop losses to let my positions run long . The longer I hold the position the more i'll tighten that stop loss up.
 
chardog said:
On the flip side, we bag held natural gas ETF few years back, it reverse split and did decay a lot. Sucks and I’ll never go into energy again. You can bag hold an index fund more safely
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Def more risky with a sector rather than the whole market. Aside from my willingness to go long over 100% to a small degree I'm pretty risk averse and leverage on a particular sector would be too much for me.

Small cap value sector has outperformed the market over the last 50 years by quite a bit but even that trailed the market for something like 15+ consecutive years leading up to the dot com bust. It then made up the 15 years of under performance in a single year and continued to beat the market by an average of 6% for the next 8 years... and it's under performed since.

Despite what people like to think most suck at market timing and applying it to a sector is even more difficult.

Even when a sector has an explainable expected yield premium like small value does due to its increased inherent risk predicting the when it will outperform is a bit of a crapshot IMO.
 
Last Samurai said:
In 2008 the Dow lost 50% of it's value

If history repeats itself this could happen
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But why?

This market crash is being caused by the massive drop in oil prices. Saudi Arabia is playing chicken and cannot do this forever. The moment oil prices go back up, the market should recover a significant amount.
 
EndlessCritic said:
But why?

This market crash is being caused by the massive drop in oil prices. Saudi Arabia is playing chicken and cannot do this forever. The moment oil prices go back up, the market should recover a significant amount.
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The price of oil is significant because shale producers need it at a certain level to continue paying their debt obligations.

The crux of the problem is debt, and the oil industry is not alone.
 
Expect another 5-10% drop every day there is ‘bad’ corona news.
-cases keep increasing exponentially
-trump gets corona
-city/state wide lockdowns

3-8% bump on good news
-spreading slows
-overseas cases clear up with little reinfection
-trump doesn’t get corona
-Major companies do not shut down for months
 
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