I have cashed out of almost all of my positions. I’m now only in the squeeze plays (GME, AMC, BBIG) and also some OTC positions (SHLDQ, SRSR) that should rocket up when GME does.
I’ve also spent hours comparing a lot of different funds, to see which one would earn me big $ in the event of a crash. I used last year’s Feb/March correction as an apples to apples direct comparison. Going in, I expected that I would be buying puts on SPY, but after my research, the best reward comes from FAZ. I used an options calculator to compare various strike prices, and ended up settling on $38 calls. I bought Jan ‘22 expiration, because they’re 1/3 the cost of Jan ‘23. Yes, I said “calls” (not puts) because FAZ moves inverse of the market.
I got started in investing in Oct ‘19, and have fortunately made a lot of $ so far, but obviously I’m still very much a newbie who has much to learn. So please do your own research, I’m in no way offering advice, just telling my personal situation.
Lastly, I’m not saying that I want a crash to happen, but if it does, which looks certain, then it’s not a bad idea to be prepared for it.
I have cashed out of almost all of my positions. I’m now only in the squeeze plays (GME, AMC, BBIG) and also some OTC positions (SHLDQ, SRSR) that should rocket up when GME does.
I’ve also spent hours comparing a lot of different funds, to see which one would earn me big $ in the event of a crash. I used last year’s Feb/March correction as an apples to apples direct comparison. Going in, I expected that I would be buying puts on SPY, but after my research, the best reward comes from FAZ. I used an options calculator to compare various strike prices, and ended up settling on $38 calls. I bought Jan ‘22 expiration, because they’re 1/3 the cost of Jan ‘23. Yes, I said “calls” (not puts) because FAZ moves inverse of the market.
I got started in investing in Oct ‘19, and have fortunately made a lot of $ so far, but obviously I’m still very much a newbie who has much to learn. So please do your own research, I’m in no way offering advice, just telling my personal situation.
Lastly, I’m not saying that I want a crash to happen, but if it does, which looks certain, then it’s not a bad idea to be prepared for it.