/biz/ - Business & Finance

[Anonymous No.18340506]

My SQQQ friends,

I will not sell SQQQ until I have made a profit.
I will not be easily swayed by the number line going up.
I would rather lose money on a reasonable expectation than commit my losses on an unreasonable shift.

This was a nothingburger when the chinese were being barricaded into their houses.
It was a nothingburger when Iranian mass graves were visible from satellite imaging.
It was a nothingburger when the Italians had a military convoy endlessly transporting the dead.
And now its a nothingburger when american deaths sit at 12k with 200k being considered a best case scenario.

I wake up and it hurts, but there are a lot of others hurting a lot more than me.
You wont fool me, green line, i can see right the fuck through you.

[Anonymous No.18340726]

Yeah i grabbed some SQQQ yesterday. The daily means nothing, this recession is far from over.

See you when we make it friend.

[Anonymous No.18340806]

I sold to flip into an oil glut play I've been planning. It's painful selling the literal bottom but hey, at least I'm up now

[Anonymous No.18340918]

SDOWchad here, I doubled down my position in the $38 range this morning. I'm 95% a bullfag but this recent rise has no legs to stand on.

[Anonymous No.18340934]

>>18340506
Look at the 5 year chart.
That's you right now.
Retards.

[Anonymous No.18341277]

>>18340934
Because everyone knows recessions last 4 weeks.

[Anonymous No.18341624]

>>18340934
there wasnt 6+ million Americans unemployed, a 2 trillion dollar stimulus package passed, an incompetent administration, walking dead medical community with improvised medical gear, and an extremely discreet, highly infectious, and substantially more deadly virus making the rounds around the planet 5 years ago.

The writing is on the wall, whether you know how to read or not.
Im not gonna submit to the mob mentality of those who lost a massive amount of money and are desperate to not miss a bottom, 1 week into America topping as pandemic central.

[Anonymous No.18341725]

>>18341624
Exactly.

They are calling a plateau as deaths in NY increase and businesses are shutting down. The only bullish argument is that it could be "priced in." I work in big tobacco and am shut down for at least the next month. Just wait when until people can't buy cigarettes, alcohol, etc.

[Anonymous No.18341814]

I bought into sqqq today, I too see past the iron wall of green and realize it is being held up with last week’s paychecks. It will crumble downward by next week.

[Anonymous No.18341855]

Bought in around 19, not selling till we're in the $1000s again. So many mortgages are going belly up by the end of August

[Anonymous No.18342001]

i have 225 @ average 28 and existence is pain but we'll see how it rolls

[Anonymous No.18342161]

TECS here
>Microsoft losing $10B contract with DoD
>Microsoft and Cisco losing cybersecurity contracts to Proofpoint
>Apple closing retail stores, normies too poor to consoom
>Visa, Mastercard, Paypal income from fee jewage down due to lower consumer spending
>Adobe, Salesforce, etc. small biz cutting these software-as-subscription scam services first to save money.
What am I forgetting?

Its trading under $5 today.

MSFT earnings announced 4/22
AAPL earnings between 4/28 and 5/5

[Anonymous No.18342265]

FUUUUUUUUUUUUUUUUUUU

[Anonymous No.18342327]

>>18340506
>I would rather lose money on a reasonable expectation
I recommend you stop trading altogether, anon. Your thinking is common but also why 90% of traders lose.

[Anonymous No.18342379]

>>18342001
It’s manipulation. We knew to get into this play before (((them))). That’s why the graph kept dropping after we painted a bull flag on the chart around $30-$31. They are accumulating cheaper than us because 1. They can do that with their tricks 2. Because even they know what will happen 3. They know how market will react . HODL

[Anonymous No.18342401]

I sold my SQQQ today after losing 50% over the last month. You realize something crucial about SQQQ when you hold it for so long. That even if the economy goes to absolute shit, it will never reach anything close to $1000. Not even $40 is my bet

[Anonymous No.18342739]

>>18342401
If you don’t understand the significance of what I drew in pic related then don’t even consider buying SQQQ.

[Anonymous No.18342810]

>>18342739
not original poster, but:
I get what you're saying, as the S&P500 goes down, SQQQ goes up.
That being said, can it actually reach $1000 again?
I do think the economy is going to crash harder very soon.

[Anonymous No.18342916]

How hatd do you get hit by volatility decay if you hold?

[Anonymous No.18342960]

>>18340506
Is there an unleveraged version of SQQQ?

[Anonymous No.18342962]

>>18342810
It's really going to depend on how much government money goes where, but yes it could reach $1000. The month that "UBI" stops is going to be a disaster, and when 2021 tax returns come in much lower than expected, or people actually owe more in taxes because of the money, the general populace is gonna flip.

[Anonymous No.18342977]

>>18342810
That was what the first pair shows, yes. The second pair of charts show what happens in our actual market. Everytime the gov prints and that tiny bump goes up, its 3x as powerful. So that jagged red line going down will actually be a flatline on SQQQ. I bought SQQQ at a time that I thought was good. I didn’t make anything at all, I was always on negative. For SQQQ to reach 1000$ you would need a straight shot down without BRRRRR at all (won’t happen)

[Anonymous No.18343004]

>Holding SQQQ
Isn’t this like holding a BEAR or BULL token?
You lose money over time?

[Anonymous No.18343019]

>>18342916
I think you get absolutely destroyed if you hold for a week or longer

[Anonymous No.18343061]

>>18342916
Learn math bitch

[Anonymous No.18343142]

>>18343004
It trades like any other ETF. If you hold it for 2 years and it does nothing, but 1 day it gains 30% past your initial buy price, why should you care about what goes on behind the scenes?

[Anonymous No.18343212]

>>18340506
>I would rather lose money
Be careful what you wish for.

[Anonymous No.18343272]

>>18343142
If you bought 2 years ago then it will never go back to your buy price buddy

[Anonymous No.18343348]

>>18342960
Sh is an etf that shorts the s&p and has much much less decay but not that much gains. You can comfortably hold it for months i suppose. Sqqq gains are worth the decay since most moves are made after market anyways. Keep your eye on the big picture. Dow jones expected to go to 15000 .. i think lower by summer

[Anonymous No.18343578]

>>18343272
Pointless point we aren’t buying At those levels

[Anonymous No.18343657]

God this is pathetic

[Anonymous No.18344333]

>>18343578
Not a pointless post since anon I responded to said “of you hold it for two years”
If you bought 2 years ago when the economy was great (theoretically SQQQ is supposed to be cheap) then right now at one of the worst drops in the stock market you still didn’t make your money back, not even close.

[Anonymous No.18344437]

>>18343578
>>>
lol this is the person we are trading against. No wonder im up 20%

[Anonymous No.18344492]

Why are people talking about sqqq going to 1000? How could that possibly happen? It's at 17 bucks. Even if the nasdaq dropped 50%, that would be 150% gains? Am I missing something

[Anonymous No.18344503]

>>18344492
That won’t even happen cause BRRRRRRR will just cut away at the price

[Anonymous No.18344578]

>>18344492
They put their life savings into a meme ETF and are looking for an excuse to not commit suicide
For examples look at Crypto.

[Anonymous No.18344633]

>>18342977

good posts, what are you doing right now then if not shorting?

[Anonymous No.18344716]

>>18340506
Why are you not all in on EMTY?

[Anonymous No.18345020]

>>18344492
SQQQ at $1000 is a total pipedream, I dont know what the logic is behind that besides discrediting actual SQQQ holders.

>>18344578
a meme ETF for a meme market. we're 3 weeks into a nationwide shutdown, what do you want me to do? I could invest in a fart and enough people would panic purchase it into a profit that I could turn around and lose if i blink too slowly. The market is volatile as fuck and its a gamble to figure out when the market is up or down. Do you really think betting against a bunch of American companies during an American lockdown during the highest unemployment rate and largest bailout in the history of America is just a meme?

I'm betting on the outcome of the stock market from a long term perspective, not which direction the line goes on a day-to-day basis. I'm already deep in the hole but you gotta bleed to start healing.

[Anonymous No.18345303]

>>18342739
SQQQ is SQQQuiggly
SnP is Snappy

[Anonymous No.18345451]

>>18340506
basado y faggado

[Anonymous No.18346245]

>>18344333
>>18344437
Same fag outted himself. Pushing an agenda are we?

[Anonymous No.18346825]

>>18346245
Based conspiracy tard
Know what ids are?

[Anonymous No.18346940]

>>18344716
Because I didn't know it existed but now that I do I must have it.

[Anonymous No.18347744]

>>18344716
How very specific.
il have to keep an eye on that

[Anonymous No.18347765]

How much have you guys invested in this and how much do you expect to make.

[Anonymous No.18347794]

>>18340506
holding about -2k USD right now but holding strong

[Anonymous No.18347839]

>>18347765
225 shares at 28.
I dont know how much I'll make but I am 11 bucks down right now, but if I back out now and accept the loss 2 weeks in, i'm not only a limp dick but soft skulled too.
I could sell the high and buy the low which was my original intention, but im already past the point of super selling the low so I'm holding because one swift volatile shift any direction can fuck me a lot. I'd rather hold and regret it then sell and really regret it.

We haven't even begun to begin, is the theory i'm operating on.

[Anonymous No.18348015]

>>18347839
Do you think it could go up to 1000$

[Anonymous No.18348161]

>>18348015
No

[Anonymous No.18348303]

I'm going to put this here, so perhaps some anon won't make the same mistake I did with this stock. Here is what "decay" is.

I have two ETFs. They track index A. The first ETF is a 1x, simply tracks A in a 1:1 manner. Now, I have the second ETF. It is a 2x, so it goes up twice the amount of A. Both trade at $10. Index A goes up 25% one day. The first ETF goes up to $12.5 and the second goes up to $15. Now, the next day, index A goes down 20%. The first ETF, simply goes back to $10, but the second ETF goes to $9. It now is trading at a dollar less than two days ago. Now, run that again with a 3x. $17.50 the first day, all the way down to $7 on the second day. That is the "decay" in these leveraged ETFs.

I didn't do my research and lost money, thinking decay was some fucking quirk of the ETF and the tracking algorithm. I figured I would put this here, not to discourage anyone from this stock (I think we are going further down the cliff in this market) but to explain to some anon that might read this why leveraged stocks can be risky.

[Anonymous No.18348384]

>>18340506
Get out now for UND before main net or you are fucking up BIG TIME

[Anonymous No.18348425]

>>18348303
Have you tried options with leveraged ETFs?

[Anonymous No.18348471]

>>18348303
Thank you for the information.
I am really new to this and i got into trading about 2 months before everything went really bad, so im a rookie whos just ended up losing a bunch of money so far.

I dont expect to hold it for very long. i want to make my money back and get out. i would consider that a win at the least. I'm thinking this has no choice but to go bad, and the only way it will avoid going that route of "everything is fucked" is that all the information we are getting is actually calculated misinformation and then everything goes up, or a complete reversal of the situation despite everything and everyone. Either way there'll be blood im guessing.

>>18348384
I dont know anything about blockchains. I'm not in a position to make any decision involving them.
I'm just trying to wrap my head around the greatest financial disaster of my lifetime first.

[Anonymous No.18348514]

>>18348425
I haven't, but I'm new to all of this and I don't have a good understanding of options trading.
>>18348471
Good luck, anon.

[Anonymous No.18349742]

>>18340506
Based. I had weak hands and sold yesterday at open like a retard. Had 1200 SQQQ at $24. Lost $10k. Considering buying back in now at a lower price to break even.

[Anonymous No.18349793]

>>18348471
my 2 cents is to just take the loss. use your free time to start reading and researching - try to get your head around crypto, what it is, what it's implications are. maybe look for some cheaper tech stocks that you could snap up. And always, always, HODL - forget day trading if you're a noob.

[Anonymous No.18349908]

>>18347765
10k bought at 17