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Economy stonks v21

Discussion in 'The War Room' started by rob mafia, Aug 20, 2021.

  1. rob mafia Silver Belt

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    i picked up a small pile of root and sold $15C 12/22 ($1) on them. maybe i'll even let them sit for a while. i figured the premium covers a 20% loss and still gives a 200% upside.

    i hate insurance companies/stocks, but i figure if it went from 25-5 this fast it's gotta either be undervalued or securities fraud.
     
    Gas121 likes this.
  2. HOLA Yellow Card Yellow Card

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    Why don't you like insurance? They can be fairly good investments, imo. Easy enough business to understand, fairly predictable.

    I had a decent amount of success with WRB and TRV years ago. Oh AFL too. I really did well with that one.

    May 2012 to August 2013 I got a 44% return, + dividends.
     
    44nutman and Gas121 like this.
  3. rob mafia Silver Belt

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    ...that's why. because they're scams/shams and you're betting against yourself. ie: you 'win' when you get sick/into a car accident/have a tree fall on house/die.

    i didn't mean as investments. but so far, they've just jumped in the red for me, anyway...
     
  4. Hadron90 Banned Banned

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    Not the Canadian conservative.
    God it feels good to be YANG gang
     
  5. rob mafia Silver Belt

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    lolz.

    sqqq is up more than yang. as is uvxy.

    this whole thing is stupid.
     
  6. 44nutman The Original Nut of Sherdog

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    I fucks with $UVXY.
    Besides my long term Boomer stock holds( $F,$GE,$MRO and $CVX) only thing making money.
    Other than that laying low until $AMD gets below 95 to be a buyer again.
     
  7. Hadron90 Banned Banned

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    I'm not betting against America, you fucking commie.
     
    TheJewBear likes this.
  8. rob mafia Silver Belt

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    that's the point.

    why we keep giving a fuck about china and crashing our own stonks because china is just retarded.
     
  9. Gas121 Purple Belt

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    Well Tesla holding the line lol.

    Today was ugly.
     
  10. TheJewBear Green Belt

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    What is your strategy with SQQQ?

    It seems to me that it's only worth a short-term gamble. Unless you're investing with the prediction that a recession or depression is on the horizon, but even then SQQQ will eventually drop back to it's garbage value after the economy rebounds. The entire history of SQQQ has been a collapse, and investing in it long-term means that you think the major tech companies will collapse irreparably, right?
     
  11. TheJewBear Green Belt

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    I saw this outlined somewhere on Reddit and I am far from savy or sophisticated with my understanding but the broad strokes of my strategy are as follows:

    -Most of my portfolio is in QQQ and has been for years.
    -Some portion of my portfolio is in TQQQ, the 3x leveraged version of QQQ.
    -QQQ is and has been great for long term growth. But we can capitalized on bear markets with some selling QQQ and investing in TQQQ at certain benchmarks.
    -For instance, TQQQ hit a high this year in the neighborhood of $155/share. Generally when QQQ falls 3%, TQQQ falls 9% and the inverse is true too.
    -Market volatility and volatility decay account for reasons not to buy and hold TQQQ over the long term. The Dotcom bubble burst and the housing/financial crises would have whiped out like 99% of TQQQ and taken many years to build back up.
    -Instead of lump-sum investing in TQQQ and hoping for the best, the strategy I am using is to move X% of my portfolio from QQQ (sell QQQ) into TQQQ when TQQQ loses $5 of value. The idea is to dollar cost average into TQQQ as it goes down because we can assume that it will eventually go back up to where it used to be.
    -So while you "lose" 3% from selling QQQ at a 3% loss, by reinvesting that money into TQQQ you would stand to gain 9% back on your investment when TQQQ eventually gets back to where it was.
    -I am doing this every time TQQQ loses $5 of share price as far down as it may go. If it goes down to $5/share, I will be buying at $5/share the entire way down with the assumption it will eventually go back to $155/share.

    My time horizon until I need the money for retirement is at least 20 years.

    Thoughts on this?
     
    mjfan23 likes this.
  12. rob mafia Silver Belt

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    WAT

    all 3 are 3x leverage bearish.
     
    brackis1 likes this.
  13. TheJewBear Green Belt

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    What "all 3"? I only brought up one ETF, SQQQ.
     
  14. rob mafia Silver Belt

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    the post you quoted, einstein.
     
  15. TheJewBear Green Belt

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    I was only asking about SQQQ. Do you want to answer my post where I originally quoted you, asking about your strategy? Or do you have no strategy?
     
  16. rob mafia Silver Belt

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    [​IMG]

    someone posted re: yang. i quoted that and mentioned 3 different 3x leveraged bearish tickers and the irony involved.

    you inexplicably single out sqqq, apparently failed to realize why it was/they were mentioned, and then harped about a strategy i wasn't utilizing... and then rambled about it as if anyone holds these long-term.
     
  17. TheJewBear Green Belt

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    I can't see the image you posted (work PC) but I assume it's something super tasteful and respectful ;)

    I didn't realize you were merely observing SQQQ vs investing in it. Not sure why this has triggered you so much but you can be rest assured I won't start another conversation with you :)
     
  18. Gas121 Purple Belt

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    So what we thinking? October is known to not be a great month but my gosh some stocks are becoming over sold, notably the smaller caps.

    OIL is looking bullish, but some of these stocks are already up well +1500% in a year.

    I think the DAQ will sink maybe another 5%. I do not see a major correction though. China has created FUD, the market was doing just fine before the crisis. Seems a bit of a knee jerk reaction if you ask me.
     
  19. rob mafia Silver Belt

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    <{outtahere}>
     
  20. mjfan23 Gold Belt

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    What do you the wise sherbros think of IONQ?

    It launched and went down nearly 30% today. Worth a buy tomorrow? Or is just another abnb and COIN type inflated ipo (with a mere 200 million cap though)?
     

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