I managed to sell all my TQQQ, FNGU and NAIL at the right time yesterday and saved my portfolio from going into the red. What are the plays next week, bros? Just start buying more leveraged stuff like that and continue the great tech bull run? Rotate into recovery plays like HIBL/banks/airlines/etc? Precious metals??
Juan Powell
We had a bit of a recovery end of day. We might have a couple of slight negative days in the Nasdaq, but nothing like Thursday next week.
Dominic Watson
I think I’ll just start automatically taking profits after 20% gains on everything. It always happens the same way: I buy, it goes up 20 to 30%, crabs back down, then instantly mega dumps to -10%
Samuel Stewart
Wait a minute, selling covered calls on the indexes is a meme. You need in the ballpark of ~$18k-$35k to buy 100 shares of VTI, QQQ, or SPY, but the premium of ATM covered calls (if you're greedy, which will probably get assigned) is a few hundred bucks, so you'll have to do that for like years to get enough premium to afford another 100 shares.
so that means it will go up tuesday, $500 by end of week
Jaxson Gonzalez
>That news about Tesla not being included in the S&P afterhours are not great for Tesla. please don't assume I put money in Tesla. I'd sooner put money in AAPL since Apple Silicon and 5G I actually believe in and frankly I don't like that the stock split made it hard to buy into AAPL now since valuations went up without actual fundamentals.
Jordan Torres
And this is assuming I'm using the stock market to avoid wage slaving so I'm not rich enough to put another $1000 a week. Though if you sell ATM calls or puts you benefit the most from it crabbing.
The one time I put all my savings into VTSAX in 2018 the market dipped and took like a year to recover so it was no different than having it in a checking account.
Gavin Cruz
i had like $1480 cash just sitting in my drawer I forgot about for a year that I'm depositing today for some fun gamble plays next week don't fear the dip. If your shit is in stocks that are actually solid, it's all just noise and you were never going to take your profit after just a few months of holding anyways.
lol at you if you bought at the top you FOMO retard, everyone else who bought even as late as July (way past all the news that proved tech continued to grow in corona lockdown) are all cozy right now.
Leo Perry
I bought the fake dip yesterday and now I'm so fucked.
How do I get suicidal thoughts out of my head?
Angel Nelson
I'm in the stock market to avoid inflation. This dip/crash is nothing compared to the coming inflation.
If I want to be somewhat active I'd just sell when the index breaks the upper bollinger band and buy the dip when it touches the moving average. That seems to be pretty predictable.
Brody Martin
of course it is. If covered calls were really free money, that would be considered a market inefficiency, and investment banks would pile onto it until the price of the premiums make it not really worth it. You know, they have actual mathematicians and engineers running stochastic processes to estimate this stuff. >The one time I put all my savings into VTSAX in 2018 the market dipped investopedia.com/terms/d/dollarcostaveraging.asp
Eli Smith
I bought what I assumed was a dip for $net on Thursday. Boy did I fuck up bad
...Still have not sold it though
Luke Mitchell
there are sources out there saying some hedgefunds could not sell their bags in-time on friday. be prepared user.
Ethan Sullivan
Anyone else holding NIO? What do you think?
Robert Walker
I think it will go back up. Honestly would like to buy leaps on it
Dylan Sanchez
>could not sell their bags in-time on friday Literally how? There was nearly a full hour where everything actually went green.
Tyler Flores
Is it possible to get rich day trading Bitcoin? Shits so volatile and there's no day trading limits
I bought at like 12.5 in July, and sold not long ago, but I couldn't resist getting back into it so here I am again, those price targets look good but I dunno what to believe anymore
Benjamin Martin
But the premiums are money made on top of the stocks growth.
So you can do TQQQ using the 20-day SMA for gains, while selling 1-week calls for $100 on top of it .
Joseph Rodriguez
Will pizza stocks tank once pizzagate is believes by a critical mass?
uh are there any GME degenerates here right now? I'm getting incredibly bullish the more I read about the developments on Gamestop over the past year and how this has completely gone under most people's radars because they think Gamestop is going to go bankrupt soon. I thought the same because i fucking hate Gamestop but the numbers tell something entirely.
i dunno if I'll long GME but i'm definitely tempted to buy more GME for the short-term for shit and giggles.
Robert Long
Well all my money is in SHLL and I held so I’m still doing pretty good
there isn't enough liquidity in the last hour for them to sell
Robert Walker
Why does everyone seem.convinced we're tanking again next week, instead of the traditional post-holiday weekend rally?
Adrian Jones
I think we will keep dumping until the elections Tech is still over pumped. A correction is healthy. Altho I could’ve said this last month kek.
John Roberts
Because the Fed hasn't printed more yet. A fundamental-baseless market fueled by speculation only operates as long as the Fed feeds it money. The market is entirely dependent on the Fed, not because these overpriced stocks will produce a profit worth its price in the short to mid term.
Alexander Anderson
>lol at you if you bought at the top you FOMO retard
I started FOMOing TQQQ. Is that a decent FOMO stock that will at least skyrocket again?
Lincoln Ross
Sold my calls mid-50s before the dip and grabbed more warrants in the last hour Friday. Should be a solid week, hopefully we get the merger date very soon.
Aiden Flores
Where do all the billions go from the institutions that sold the top and caused the dip? There is no alternative. They'll just be reallocated somewhere else in the market.
Luis Powell
oh yeah TSLA is turbofucked by the S&P rejection. but most anons here agree that TSLA shouldn't really be included in the FAGMAANN designation of stocks, it's more like a really expensive penny stock. it'll probably continue tanking but i don't think, say, AAPL will. AAPL and maybe tech in general at best will crab.
it is interesting to consider crashes though. i've been looking through AMD's history these past two years and the most it has ever dropped before recovering was around 50%. the main thing im trying to consider with my optimization of dip buying is what are reasonable targets for dip buying and what are reasonable profit taking areas? obviously sometimes it retraces 100% and then goes higher, do i just accept missing that so that i can start my dip buying from scratch again at some point or is it greedy to hold longer when it might drop again? is it really best to, say, split my money 5 ways and buy every 10% drop? or maybe split my money 10 ways and buy every 5% drop? hard to say. but 50% seems pretty reasonable for a max "even if this crashes it'll still be fine" sort of deal. then a full recovery would be a 25% gain at that point. i still want to be able to take advantage of smaller dips though.
i've got 300 shares and have been considering increasing that to 500 in all honesty. but im only gonna risk a couple of thousand on it just in case. honestly they probably will go bankrupt eventually unless the make some major changes, but they should be good for the new consoles coming out creating a squeeze play at least. that's all im in it for im not holding long term or anything.
