/biz/ - Business & Finance

>A mere 2x in a broad market index

You're going nowhere lol, like 50% budge in either direction tops

What a whore.

>>18149637
But I do this literally with most of my net worth.

>>18149640
Andrea Abeli

>>18149608
Imagine the smell of her asshole.

Good luck bro, On friday I dumped all my money (10k) into industries and companies hit the hardest, looking towards a 3-4X return if things get back to normalcy. I was hoping things would start to get back to business as usually next week thanks to that anti-malaria drug showing promise but it looks like I may have to wait an additional week.

>>18150457
Goodnight sweet prince

>>18149608
Me on the right

>>18149608
Bullish.
>>18150457
Bearish.

>>18149608
TVIX

>>18149608
Congrats OP, you will make it.
Sell the 2x inverse on the next big leg down.
Then just go 1x short on SPY so the levered ETF doesn't eat you up.

>>18149608
Mistake. And I will tell you why: the world is drowning in crude oil right now, because no demand. Crisis will continue for months to come. That means some oil companies will actually go bankrupt. Drillers too. Banks will tank billions of credits. Selling oil is unfortunately the only thing that makes sense.

>>18149608
>>18150789
this OP, pls be reasonable

>>18150457
That sounds like a sound long term strategy but this shit is far from over. It will take at least 6 months until things get back to ATH, probably longer is my bet

>>18150821
Yeah I think I am. I'm not new to this and are aware of ETF decay. If shit doesn't hit the fan within one week I might have to cut losses and move to a non-leveraged short

>>18150793
Agree. Oil will dump hard, that's why I'll wait for prices close to 0. I won't invest in oil companies but oil price futures at that point. Goal ~1year

On a side note. Saudis are in panic. Dubai is in the process of becoming a shithole yet again. No more glitz and glamour there already. Read some international news.

>>18150457
>he fell for the "return to normalcy"
watch out for those bull traps son

>>18151014
These days thought building a city without fresh water in the middle of a desert was a viable long term plan
Get fucked dubai

Sometimes /biz/ is unfathomable to me. If OP wasn't larping, how can anyone be that uniformed, retarded, and just gamble?

Take 10% on bet on an option if you REALLY want to make it.

The premiums are high so I don't know how much profit you'll make, but I know that I literally could've been a millionaire in the >2mil$ range if I used options instead of getting that retarded 3x short.

I'm shorting since Feb btw.

pic related is an estimated profit I could've made if I knew how options work.

LEARN OPTIONS OP

>>18151185
With options you pretty much have to day trade because with any volatility you're fucked.

>>18151185
Next one! Stay as far away from options as you possibly can, especially right now, in a situation where no-one knows what the future holds. One faggot in a million will by chance make the right bet. He will come to /biz/ and tell about it. And the rest are fucked more than before. This is no time to gamble. No leverage bets, retards.

>>18149608

betting on things going back to exactly the way they were is a risky thing. My company just announced WFH until May at the earliest. New york is slowing to a crawl and a lot of small mom and pop restauruants/service companies will probably just go bankrupt. When a lot of people stop having money the overall shape of the economy will be different. Maybe for a period of a few years, even.

>>18151249

>no one knows what the future holds

I can tell you with confidence that we will be seeing SPY $215 within 2 months. And I've sat on the fence for 3 years waiting for this moment. An overbought market is going to suffer big time in an inevitable recession.

>>18151260
>SPY $215 within 2 months

As it rebounds off of $180 mid April, for sure.

>>18151260
Oh for fucks sakes. You do that anon. Do you gamblers realize what the only sane and profitable thing to is right now? To do nothing. Don't buy. Don't sell. Wait, and see what happens, every day all day. It is work.

>>18151279
your puts will expire worthless. hopefully you can sell them to another doomer retard though!

>>18151336
>trump doing nothing about the virus
>cfr of closed cases is 17%
>20-30% unemployment rate
>over-leveraged without cash companies
>inflated stock market bubble
Only good things to come!

>>18149608
dude just buy RSR

>>18151377
Lol how's that shitcoin doing these days? I thought about buying some 9 months ago

Ok, on another sidenote I must correct myself. Of course some business will thrive now. Amazon as the most obvious example.... BUT in the end my point was correct.

>>18151146
Please elaborate

>>18151354
Imagine not knowing what's coming. Don't be this guy, anons.

>>18151367
>FED keeps surprising everyone with new shit
>infinite QE
>stimulus package
>zero rates and reserve
you don't understand that stock market = economy and it can easily go up again due to inflation and what not

the anon you replied to is totally right, wait for a clear trend and stop gambling

>>18150457

Nigga it hasen't even started yet. What you see in NYC will spread to every major metropolitan area in the nation and the stimulus will do nothing. Look at all the small businesses that are going to go under because of this and the unemployment rate will be 50% by the time this is all said and done.

>>18151632
Literally no, warm climate states are already safe and the whole us will move in that direction within a month or two.

>>18151654
>warm climate states are already safe

Like those spring breakers that have contracted the virus? Lmfao how old are you?

>>18151654
>he hasn't seen Florida's infection count
>ladieslaughingwithsaladsinhand.jpeg

>>18151544
I didn't mean to insult you personally faggot. You are not the only OP that I wonder about. Larp? It must be? Why would anyone risk their hard earned money on a stupid gamble that they know little about even!

>>18151686
Don't worry, Brad apologized so at the end of the day I guess it stopped him.

>>18151706
Because I got a steady high income job and a good education. Losing my hart earned money and continuing with my day to day life as I would anyways seems like a risk I'm willing to take to make it big

>>18151185
what stock

>>18151872
Ok, thanks. But that makes you a gambler Anon. You might as well go to a Vegas casino table. What you do has absolutely nothing to to with investing.

>>18150951
6 more months to collect cheap stocks? i'm literally gonna retire in 5 years right?

>>18151603
If the economy is not function, what can drives prices up except inflation?

>>18152032
A bit yes. But more on the poker table than at the Roulette. I prefer the term speculating, as it's not quite as random as gambling

>>18152220
https://www.youtube.com/watch?v=Yg_rf2d894k

>>18149608

Dude the US is going to get outbreaks like you wouldn't believe

I went short last Friday in a big oil company and a big airline company. But I'm not a retarded, I always use the 2% account size maximum risk rule.

>>18150457
dont suicide anon ok ? just leave the country when you lose everything ok ?

>>18149608
>all in
>2x

>>18152220
Do you realize that people like me make a lot of money off dumb gamblers like you? And yet we are on this same board?

>>18152836
We'll see, godspeed!

>>18149729
>>18149637
>>18149640
>>18150418
>>18150636
>>18151050
>>18151554
That’s a man.

>>18151220
Options 4-6 months out. HOLD.

>>18153547
I wouldn't care

>>18151603
The clear trend is down.

>>18149608
You should have just bought puts

>>18150457
>all in
NEVER DO THIS
>during phase 1 of the coronachan American nightmare
PLEASE BE BAIT

>ON THE MOST HEAVILY EFFECTED SEGMENTS OF THE ECONOMY

BECAUSE OF FUCKING WHAT???

IF YOURE VERRRRRY LUCKY, FUJIFILM OR REGENERON MIGHT BE ABOUT TO SAVE YOUR ASS.

>>18153670
Didn't like the premium they sold at, hopefully the market tanks soon and ETF decay will be minimal in comparison

Why the 2x inverse instead of the 3x?

>>18153547
Ok tranny

>>18149608
Godspeed OP

>>18153921
Was a compromise I decided to make. It might take a few days until we see proper red and the increased decay of a 3x seemed not worth it. Nearly went for it though, was a close call

>>18150418
Imagine the taste.

I got burned on puts because J Powell is a cheating slimeball faggot. If you don’t time it right you’ll lose $20k like I did

>>18149608
>tfw you couldn't make it past the cheeks

>>18151249
NGMI

>>18154170
She would have to spread her ass open with both hands anon.

>>18150457

>>18154170
My dick is 6.3" but still looks incredibly small. 6.5" when fully erect, but by that point I am seconds away to cooming. You would need a solid 7"-8" to conquer that brap tunnel