The market is expecting Biden to be sworn in next week. Investors have bet big buying companies they believe will benefit with a Biden Admin. If "out of nowhere" Biden did not get in the market would consider it a "Black Swan event". The market will drop big as those investors unwind their positions. if you are thinking about getting into the market consider waiting until this is played out. I already shorted the market yesterday. i intend to hold my position until after next Wednesday. If the market does what I believe consider it a gift. Then think about getting in I can tell you that when President Trump gets in who knows how high it will go. I think I would stay away from Big Tech no matter what.
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User name is sus
Hahaha very sus, any other firearm stocks that would be good?
Don't forget tomorrow is the last day the market is open before popcorn day. The Market is closed on Monday. Outside possibility that trading will stop. I would rather be on the sidelines when the market is stopped then in with a crashing market. Of course I could be wrong. I am just trying to use some logic here.
I've had puts on $SPY or calls on $VXX for a while now.
For those who aren't into finance but would like to short the market, you could just buy $VXX or $SQQQ stock.
I put money into the VIX (Volatility Index; has returned to low levels since March crash, stock market rally beginning to stall and with an event such as the one we expect... I think a huge correction is coming). Also put a small amount in Facebook put options. If DJT takes down Big Tech, theres nothing stopping those stocks from crashing.
not investment advice just offering my insight
yes,me too. I don't know anything about the markets so don't believe anything I say. That should cover it.
Do you trade the VXX? $15 looks good for a buy.
Yes! VXX, VIXY, UVXY are all Electronically Traded Funds (ETFs) which encompass Short-Term Futures. So... say a major event happens which shakes up the market greatly, volatility would skyrocket. These ETFs were trading $50, $60+ in March just from the virus scare.
Noob question. Why would those go up if the market is tanking?
Edit: Nvm, I see that those indices are specific to volatility.
Thank you for the info.
I've bought into Gold and Silver right at the start of this, expecting it to rocket on the uncertainty. It did! I've given that a lot of thought, and towards the election it was shifting upwards again on the back of a Trump win, it's since backtracked but fully expect it to drop if somehow China Joe steals the seat!
If President Trump makes it, it'll be a wild ride upwards!
I have an order sitting out there to buy gold at 1811. If I get in my target to get out is about 1920. I would expect a pullback when price gets to 1930. A much bigger pullback at 2045-2085. I swing trade so I am only interested in price movement for a few days to a couple of weeks. I honesty do not know what Gold will do under Trump. It really can't go through the roof without other commodities also going through the roof. Gold is really important when there is a lack of confidence in the currency. Hyperinflation happens because people no longer trust the currency has value or will keep its value. Without that trust they want more of the currency to help defer the risk.
Gold will kill the Fed but and you don't need a runaway gold price do to that. Just something to consider.
Hi, thanks for the reply, and yes I will bare that all in mind. I bought in March when prices were lower, but still holding physical! I did used to day trade and spreadbet but got into crypto now.
If the rumors are true about coming implementation of NESARA, and a move to PM backed currencies, wouldn't that boost gold and silver?
tempted to sell my crypto but have blockage for some reason. it's a good move to do it, it had a nice rebound from a drop off last week
What crypto's are folks recommending buy right now?
Certainly don't invest in ETH. The founder is a pedo advocate.
EDIT: Lol the downvoats. SMH.... Guess you ETH investors are either ignorant of the fact that the creator publicly advocates for decriminalizing pedophilia porn and supports the "love knows no age boundary" narrative or you're totally fine supporting that monetarily.
I like Chainlink- 4chan's biz coin of choice. They are aways at the forefront of whatever on the internet. crypto should be no different. I rode chainlink up from 20cents to $17.34. Don't have enough of it though. Chainlink is the God Protocol and connects all offchain data to the crypto world. tons of good memes too
Idk, a think anything linked to USD Tether might tank.
Only crypto I hold now is xrp
Very aware, but it’s a long term investment. I bought in when it was .17 so I’m holding.
Maybe it’ll bite me in the ass but once XRP gets legal clarity it will be THE way to do international transactions.
Yep, I am 1/3 cash, 1/3 precious metals ETF, small amount defense stocks, small amount NAV SPAC, and small amount of shorting instruments. I am ready!
If there is a master plan, I'd expect Trump to freeze trading in the markets, he's bragged about the stock market too many times to think he isn't aware of the potential crash.
Also, there could be many high up that he's given a heads up to, and that could be the reason things are still going up - they know everything will be okay.
In the end, we just don't know, and its all a guess. Just don't panic sell, and in time you'll be okay even if there is a correction..
Yeah markets have frozen for months in the past (great depression I believe) so I'm a little worried about that wiping out short term options.
I dont know if you can really predict the market like this.You are making a lot of assumptions.
Don't forget to buy inverse index funds. If you don't want to take on the risk of shorting, this lets you make money off the market crashing.
buying puts You can only lose what you paid for the puts.
Almost every large cap fund has heavy Big Tech in it. If Big Tech is hit as I expect it will be a huge pull down on every portfolio
That is why I took a SMALL short position in the market. Shorting the market is not really the best idea. This coming week should be a unique week
Yes. Cant see the market going up any further, too much uncertainty, markets hate that
Very new to stocks. What about our stocks in IRAs? I have one from my mom and hubby and I have one for us. Have no knowledge of stocks they are handled by our investment rep. Should we leave them alone or request certain stocks? Been Lost since my dad died.
I'd leave it alone. Cashing out retirement or IRA's early results in tax penalties. The market always rebounds. Don't panic sell and you'll be fine.
Best bet, just leave them alone. If you move things around because you get emotional you will almost certainly regret it.
Get an account on Vanguard and invest in their mutual funds. It's pretty simple for people who don't know what they're doing (like me).
Thank you so much.
If you are invested into cannabis I’d sell then buy the lows imo. It will be legal eventually.
Tesla might tank a little due to green energy investments Biden pledged.
I’m gonna hold my Exxon stock tho.
I think my brain is tired. I just finished reading threads talking about arresting satanic cannibals, and so I read your first part as "If you are invested in cannibals..."
I was about to stock up on paper plates and BBQ sauce to corner the local market.
Toilet paper and Wet Naps too!
Would it be good idea to buy in if the market drops?
With President Trump in office you can expect the market to keep climbing higher (of course with pullbacks) if the market wants to panic and there is "blood in the streets" I am buying I would consider it a gift......... PLEASE NOTE blood in the streets is just a term that everybody is panicking and getting out of the market. It has nothing to do with real blood in the streets.
The last thing we need right now is misunderstandings about that
Depends on company but I would think yes.
Not a professional, just a dude with Robinhood.
Hey good luck.
Caveat emptor, but as Sun Tzu would say: "in the midst of chaos, there is opportunity" https://polymarket.com/
Nice. Have you cashed out before?
TSM, AMD, NVDA
Already tripled my money on Twitter puts.
Best be quick! My guess is that gold could drop in the initial panic if people want even safer assets (such as in March), but could do well after that.
Nah, more FUBO calls