Investing General Discussion

Zog

Zog

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Bought 80 shares of the sqqq, figure I'm in the habit of losing money lately so fuck it. I figured the fed won't save the market and people are too scared to buy the dip.
 
Sanrith Descartes

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Zog said:
Bought 80 shares of the sqqq, figure I'm in the habit of losing money lately so fuck it. I figured the fed won't save the market and people are too scared to buy the dip.
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Just out of curiosity, why go short now? Unless you are predicting a long term market downturn it seems like the horse has left the barn. Indexes are at 200 DMA and "should" be bouncing off support. Granted they may not but you also have the big dogs coming into earnings (AAPL, MSFT, GOOG etc) reporting. It just seems like an odd time to be starting a short.

Granted you may be 100% right on the call.
 
Zog

Zog

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Sanrith Descartes said:
Just out of curiosity, why go short now? Unless you are predicting a long term market downturn it seems like the horse has left the barn. Indexes are at 200 DMA and "should" be bouncing off support. Granted they may not but you also have the big dogs coming into earnings (AAPL, MSFT, GOOG etc) reporting. It just seems like an odd time to be starting a short.

Granted you may be 100% right on the call.
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Its risky no doubt but i think msft and apple won't put up enough gains to save the qqq from paypal and netflix.

My hope is enough get margin called that they have no choice.
 
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Sanrith Descartes said:
I looked at the futures. I shouldn't have.
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QQQ currently down another .8% in after hours...

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Sanrith Descartes

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And BTC crashing to test 40k again. Remember when they told us crypto was the hedge against fiat currency and the markets?
 
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Sanrith Descartes

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Free mental health advice. Unless you are actively planning to buy or sell tomorrow, don't even look at the market. Take a day off. Pretend the market is closed.

You will thank me later.
 
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Sanrith Descartes

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Ps.. I apologize for my splurg posting but I got my new fake Twitter account set up so I am making up for lost time.
 
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