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03-23-2020, 05:53 PM | #4216 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,774
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03-23-2020, 05:58 PM | #4217 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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Posts: 10,788
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03-23-2020, 06:24 PM | #4218 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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I’m swing trading SPY or day trading UDOW.
When do the Feds start propping up the market? |
Posts: 46,066
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03-23-2020, 06:25 PM | #4219 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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If you’re asking this question on CP I’d be hesitant. 10 companies is quite a number. You’d have to hit on roughly 7/10 to make a profit. Have 3 take a further dump and you’re losing. Again, I’d recommend an index instead.
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Posts: 46,066
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03-23-2020, 06:28 PM | #4220 |
**** That Noise
Join Date: Jun 2007
Location: Jack Trice
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I won $526 for the Chiefs winning the Super Bowl. Last week I caused out $400 into bitcoin after its crash... I’m up to $495.67 now and climbing.
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Posts: 15,084
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03-23-2020, 06:33 PM | #4221 |
In Search of a Life
Join Date: Aug 2005
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My stocks were up 41% today, mostly because of AGNPF. They had another big day.
Who knows what tomorrow will bring- it could all flip again. |
Posts: 43,200
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03-23-2020, 06:36 PM | #4222 |
MVP
Join Date: May 2001
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Thought I'd put this here for those it interests.
Protection: Heavy Cash and Puts Will Save You in These Tough Times https://realmoney.thestreet.com/inve...times-15272679 As many are struggling to find their footing with these crazy markets, we're going to reiterate some great tips and advice. We have advocated protection via puts and heavy cash levels for quite some time. With that guarded position you might have been able to weather the current storm. The pandemic that is the corona virus has gripped many with fear, and that is playing out with heavy selling each day in the stock market. But is it too late to protect your portfolio, even if it has taken a hit? I suspect if you're a long term investor this would qualify as just another great buying opportunity. In that case, probably no reason to panic and just keep moving forward with the big plan, especially if flush with cash. Buy great companies. But what if you're stuck? You might think it's too late for protection, but that would be WRONG. It's never too late unless 'the big one' comes, and that doesn't seem the case (yet?). In our portfolios we didn't really start getting 'serious' about adding put protection until about a month ago. The markets had already started to roll over, but there was plenty of downside to protect against. The Dow Industrials have fallen 8,000 points in a month! The SPX 500 is down a staggering 25% while the Russell 2K is down 30%. Amazing numbers, and we are only in March! At some point buyers will be back, but you can forget about trying to predict that turn. If you're in some puts and have been using them strategically, you've offset some losses with some very fast and robust gains. Remember, markets take the escalator up and the window down. The gains made on the downside are sharp, quick, deep and rich. If you're often bullish but deep in a cash position, you're way ahead of the rest who are getting pounded endlessly each day. Remember, people don't win or get rich just from picking a bottom. They get wealthy riding out trends and momentum. Bottom line, have some cash and protection on as we ride out this virus storm. It will end at some point, but trying to guess is foolhardy. The unknowns are deep and wide and beyond anyone's comprehension. Until there is some sort of resolution, remain defensive. |
Posts: 18,220
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03-23-2020, 06:37 PM | #4223 |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
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Careful with the puts, friends. Don't get wasted by IV crush
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Posts: 43,885
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03-23-2020, 06:38 PM | #4224 |
MVP
Join Date: Jan 2007
Location: Missouri
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Posts: 8,641
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03-23-2020, 07:41 PM | #4225 |
MVP
Join Date: Jan 2007
Location: Missouri
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The CME expanded the March daily feeder cattle contract limit to $10 dollars, starting tomorrow. Considering all the turmoil on the cash side, there's sure to be some entertaining moves made in last few days of the March contract.
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Posts: 8,641
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03-23-2020, 11:01 PM | #4226 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Some dudes got raped in expiring corn too. God I’m glad I’m not a cow guy.
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Posts: 57,699
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03-24-2020, 04:08 AM | #4227 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 52,072
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03-24-2020, 06:43 AM | #4228 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Any stability to premarket spike?
Nah. |
Posts: 46,066
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03-24-2020, 08:16 AM | #4229 |
I'll be back.
Join Date: Nov 2002
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Looks like we are through the worst of this.
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Posts: 285,914
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03-24-2020, 08:19 AM | #4230 |
I'll be back.
Join Date: Nov 2002
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pharmaceutical stocks are plummeting today
must be the news of the hydroxychloroquine |
Posts: 285,914
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