Geez. Don't even know what to think at this point. The reality of the situation is that things are going to get so much worse here with the virus.
You'll know in a week, I guessYeah, I sold out of 3 positions today so I can just buy them back lower. But can I?
At this point I kind of doubt we'll be able to, but I'll wait and see. I think when I buy back in it is going to be all with mutual funds though. I want to set it and forget it, watching this stuff every day is too stressful. Aiming for individual stocks starts creating a mindset of trying to make money fast.Yeah, I sold out of 3 positions today so I can just buy them back lower. But can I?
I think it's going to take a little bit longer than that to knock the wind out of these sails. We'll return to Monday like numbers by the end of April (if I had to guess, but I've been wrong so very much, should have bought calls on Monday :D )
Strange, they're usually pretty bouncy
At this point I kind of doubt we'll be able to, but I'll wait and see. I think when I buy back in it is going to be all with mutual funds though. I want to set it and forget it, watching this stuff every day is too stressful. Aiming for individual stocks starts creating a mindset of trying to make money fast.
I think it's going to take a little bit longer than that to knock the wind out of these sails. We'll return to Monday like numbers by the end of April (if I had to guess, but I've been wrong so very much, should have bought calls on Monday :D )
Apple almost collapsed also.
Also, I'm a TSLA investor. I took the risk. I just think people should be informed of the risk.
Lol, this rally, I'm getting fucked.
No need to worry though, it'll dump by next week. Though tbh I'm kinda hoping I can hit breakeven and let my spreads roll into May.
If I had more guts I'd be buying MORE puts right this minute but I'm a big chicken and don't want to go all the way back to $0 on the balance sheet :(
If I had more guts I'd be buying MORE puts right this minute but I'm a big chicken and don't want to go all the way back to $0 on the balance sheet :(
Yeah, I've wanted to. However I've been pretty resolute in thinking that this is going to get pretty bad through May, but some of that confidence has been shot a bit this week.
I just bought some, but I'm still leaving a lot of cash on the table in case we continue the rally past $260.If I had more guts I'd be buying MORE puts right this minute but I'm a big chicken and don't want to go all the way back to $0 on the balance sheet :(
Seems the likely candidate.Why is the bottom falling out of the market this afternoon? The NASDAQ just went negative and S&P is shedding it's gains? More about the stimulus bill being held up?
This was a temporary pump anyway, but yeah, the market expects the stimulus vote today.Why is the bottom falling out of the market this afternoon? The NASDAQ just went negative and S&P is shedding it's gains? More about the stimulus bill being held up?
Why is the bottom falling out of the market this afternoon? The NASDAQ just went negative and S&P is shedding it's gains? More about the stimulus bill being held up?
Yea bernie said he'll block the vote if republicans don't drop their objections to the jobless textWhy is the bottom falling out of the market this afternoon? The NASDAQ just went negative and S&P is shedding it's gains? More about the stimulus bill being held up?
If tomorrow is a Friday rally day, I don't even know what to say. I can see 10% losses on the idecies tomorrow. These figures are going to be like not seen in recent history. The reverberations I don't think have been costed in at this point yet even, especially since more and more of the medical community are absolutely against the USA going back to work as normal come 04/12.California just announced that 1 million unemployment applications this week.
Give it time. I doubt spain and italy will survive the crisis without it and the german goverment will find eurobonds cheaper than getting pulled into the abyss and ending the euro.
Short covering rally that led to FOMO Bulls buying and potentially getting set up by big money managers into a bull trap. I didn't like the rally today because the vix was staying elevated as the market was rallying hard, which implies volitility is still here as we saw in the last hour. As SRG01 mentioned Vix isn't always the perfect indicator, but for me personally an elevated VIX in rally up 15 percent in two days makes my Spidey senses tingle. It is just a combo I don't want to see.Why is the bottom falling out of the market this afternoon? The NASDAQ just went negative and S&P is shedding it's gains? More about the stimulus bill being held up?
I just don't get it. And by their own admission, Boeing doesn't even need it!Massively fuck up for years and then have the government foot the bill. Even if it's just a loan, there should be a stipulation that any bail out over a billion dollars requires you to lose at least 5% of board seats.
Short covering rally that led to FOMO Bulls buying and potentially getting setI didn't like the rally today because the vix was staying elevated as the market was rallying hard, which implies volitility is still here as we saw in the last hour. As SRG01 mentioned Vix isn't always the perfect indicator, but for me personally an elevated VIX in rally up 15 percent in two days makes my Spidey senses tingle. It is just a combo I don't want to see.
Now I'm looking forward to seeing how the market absorbs the jobs report tomorrow. Though stimulus bill falling apart again is likely the bigger deal.
Short covering rally that led to FOMO Bulls buying and potentially getting set up by big money managers into a bull trap. I didn't like the rally today because the vix was staying elevated as the market was rallying hard, which implies volitility is still here as we saw in the last hour. As SRG01 mentioned Vix isn't always the perfect indicator, but for me personally an elevated VIX in rally up 15 percent in two days makes my Spidey senses tingle. It is just a combo I don't want to see.
Now I'm looking forward to seeing how the market absorbs the jobs report tomorrow. Though stimulus bill falling apart again is likely the bigger deal.
Even before all this shit Amazon hasn't been able to hold above 2k. I wouldn't hold my breath.Been waiting for Amazon to hit at least 2K again to sell. Think I'm gonna be waiting for a while.
Even before all this shit Amazon hasn't been able to hold above 2k. I wouldn't hold my breath.
That's the exception, not the rule. Its popped above 2k a few times, but mostly has been hanging around 1850, +/-100It was able to hit $2150 about a month ago, and I'm kicking myself for not selling. Thought it had a chance to go higher or at least plateau.
I didn't need the money at the time, nor do I still, but still lol
I wouldn't worry too much. If you're relatively far away from retirement this is still buying on a deep discount even at current levels. It's a good time to be making regular contributions imo.Lmao I'm going to keep losing on my bi-weekly 401K contributions aren't I? Last week I believe the market rallied on the day of contribution.
Read everything at the link, then if you have questions afterwards, ask here.On a semi off topic note, what are some good resources people used to learn about options trading before diving in?
Pretty good, albeit less in depth than investopedia: https://robinhood.com/us/en/support/trading/investing-with-options/On a semi off topic note, what are some good resources people used to learn about options trading before diving in?
I know, it just sucks to miss out -7-10% discounts literally a day later.I wouldn't worry too much. If you're relatively far away from retirement this is still buying on a deep discount even at current levels. It's a good time to be making regular contributions imo.