Most of our buying is in our E-Trade brokerage account with our disposable income. 8 ETFs. For the past few months, we have doubled purchasing, put in two matured CDs, and most of my annual bonuses. Bought some long hold stocks for fun, but that only represents a modest allocation of our portfolio. Definitely enjoying my leveraged ETFs! I prefer market/sector plays over stocks.
I’m essentially a buy and hold investor at this stage of my life (retired). That doesn’t mean I wouldn’t post on this thread. It’s about stocks and investing, not just “trading,” In my opinion, that includes various strategies that include both trading and general financial planning. I think the board benefits from various points of view.
No. If the futures hold up, TQQQ wil be down more than 5% and my options will more than triple in value. I will potentially triple my $35,000 investment in under 24 hours. I could have gone SQQQ route as well. Buying TQQQ outright would potentially result in 5% loss of value, not 3x gain.
Apparently Musk tweeted that he has no more sales of Tesla stock planned after yesterday. But I suppose plans can change if conditions warrant it.
Yeah, I see TSLA is up. Too many emotional investors around these days. Fun to watch!
Just not sure if it’s enough after taxes money for the equity he needs. We all know Musk is full of **** when it comes to his tweets.
Closed the option for $2.80. 4x profit in 24 hours. Let's keep the party going.
It will reach 2,200. Buy in increment to DCA. When it settles down, the worst case scenario is it goes back to old lows 2,700-3,100.
Bought more of my leveraged plays across the board. Will do the same with my E-Trade account before the close.
Likely a big rally coming once the Fed drops the 0.5% increase (to the relief of scared investors). Plan accordingly! S&P oscillator shows the market is extremely oversold.....same level as in mid-March.
The math is simple. I bought 500 put options yesterday for $0.70 for a cost of $35,000 and closed out my position today for $2.73 for a total of $136,500. $136,500/35,000 = 3.9. So I almost quadrupled my money in 1 day. Total profit is $136,500-35,000 = $101,500.
I would think we maybe close to capitulation. I am looking at the QQQ going down perhaps another ~5% give or take a few percentage points.
| Mean: | 16.94 | |
| Median: | 15.87 | |
| Min: | 4.78 | (Dec 1920) |
| Max: | 44.19 | (Dec 1999) |
| Mean: | 15.97 | |
| Median: | 14.89 | |
| Min: | 5.31 | (Dec 1917) |
| Max: | 123.73 | (May 2009) |
Maybe... like I have said before, I never sell my core assets in any downturn. In face I move them to a vanguard account. Vanguard makes it hard for you to easily view your daily gain and losses in terms of actual dollars. This is great because it reduces the chance of panic selling.
+1
I admit, still don't understand, but I'm fascinated about leverage and playing with it in my fun account.
I will pass along an update on this later tonight. I replied to you a week or two ago, but after a round of buying, my CBs are lower.
Be responsible and share your expiry date, real risk, etc. Folk should not play this type of game unless you have a very large portfolio and can easily absorb/offset a $35k loss in a few days.
Let me put it to you this way. It’s like watching someone make $100k playing poker on TV. You get excited. You watch some YouTube videos and reads the best poker book available. Then you sit at a table with some players and ask for $10k in chips. You’ll make some friends at that table very quickly.
Sorry that I excluded those details in the most recent post, but that information was included when I initially posted about the trade yesterday. The expiration was today and I bought the option very cheap yesterday on a big up day with the anticipation that the market would not respond well to AAPL and AMZN earnings.
All good. Just want to make sure folk understand your risk ($35K loss / one day).
Options is a leverage vehicle. If @rurahrah000 actually shorts the underlying stock it’s the equivalent of 50,000 shares. More upfront capital = less return.
