Olds careful on that SQQQ trade it moves fast I mostly day trade it, at times hold a small position trade over night.
With market in sell off mode, I use the tick when it hits +200 or higher I buy into that buy program. Within 5 to 10 seconds your in the money as a sell program hits and tick drops hard to -200 to -400.
Its way easier to profit shorting then trading long in the short term.
MARKETS,Anybody even yet?
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In late December 1989, the Bank of Japan (its central bank) belatedly reacted to asset price inflation by raising the discount rate from 2.5% to 4.25% and then to 6% in 1990. The Nikkei dropped 50% in one year. Real estate prices halved over the next 4 years. The bubble had burst.
Japan’s Stock Market and Real Estate Crash of 1989 Japan’s stock market, the Nikkei, crashed in 1989. It went from a high of 38,915 to closing at 7,054.98 in 2009, 81.9% below its peak 20 years later. And fast forward to 2017; it’s still approximately 50% down from its peak close to 30 years ago!
This might happen here hope not but time will tell.
Japan’s Stock Market and Real Estate Crash of 1989 Japan’s stock market, the Nikkei, crashed in 1989. It went from a high of 38,915 to closing at 7,054.98 in 2009, 81.9% below its peak 20 years later. And fast forward to 2017; it’s still approximately 50% down from its peak close to 30 years ago!
This might happen here hope not but time will tell.
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Pandemic level bad, minus recovery plan. Dead investor walking.
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Possible bear market rally setting up. Watch out.
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Hedge-fund manager David Tepper told CNBC's Jim Cramer that he believes the sell-off is approaching an end; Nasdaq should hold at 12,000 mark. National Securities' Art Hogan also thinks the sell-off is coming to an end. He pointed to some of the big technology stocks that have had a comeuppance in the wake of earnings as a sign that the correction is nearing a bottom. “We’ve checked a lot of the boxes that you’d want to check along the way to a correction. “Once you get to front lines and the generals are actually taking their punishment, you know you’re pretty far along the path closer to a bottom.”
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This scenario works for me. I feel dead as a door nail. A lot of self inflicted damage in my 70 days back. Mostly in Nasdaq, which is the epicenter. Tepper owns the Carolina Panthers and is worth $15B or so. But rich people whiff too. Nasdaq is already 11,700. Forthcoming inflation data will be brutal.
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This scenario works for me. I feel dead as a door nail. A lot of self inflicted damage in my 70 days back. Mostly in Nasdaq, which is the epicenter. Tepper owns the Carolina Panthers and is worth $15B or so. But rich people whiff too. Nasdaq is already 11,700. Forthcoming inflation data will be brutal.
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Your going to need 2-3 year time frame to make a profit in this market. Most have never seen a Bear market.olds442jetaway wrote: ↑Mon May 09, 2022 11:42 amNo problem getting INTC now if you still want it. 43.17. pru slowly sinking 105. Good. Waiting for 99. Oing a wait and see on AMD. 85.58 right now.
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Prudential is a decent stock. I would have lost almost nothing had I bought that on March 1, despite the wild fluctuations. It hasn't made a cent in a year, but on the bright side, what a great store of value! I'd be losing my shirt on AMD since March 1. Semiconductor stocks have all been destroyed. And Intel has clearly been taking a bath for years. I'd wait until summer. Bleaker than the pandemic out there. At least you were more confident in governmental tools then.
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"Risk assets" are looking panicky. Last 6 sessions, US stocks are down 9%. Bitcoin has crashed from about 40k last week to 29k currently.
I've been gradually accumulating individual stocks and a few ETFs that look cheap, but now if the selloff intensifies without any relief, I'll intensify my buying.
I've been gradually accumulating individual stocks and a few ETFs that look cheap, but now if the selloff intensifies without any relief, I'll intensify my buying.
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Unfortunately, I will be among the sell off exodus herd tomorrow. I sold some stuff for minor losses today, but that was just dabbling at the problem.
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I gamble differently than the regulars here, so no surprise that I also invest differently.
Stocks have dislocated 9% lower without any particular new news, and my percentage stock allocation is down because of the losses. In this situation, I'm always a buyer.
I'll sell a little when the bear market rally comes through.
Stocks have dislocated 9% lower without any particular new news, and my percentage stock allocation is down because of the losses. In this situation, I'm always a buyer.
I'll sell a little when the bear market rally comes through.