Too much stress to sit around and worry about what the market is gonna do. Put money in the retirement account on a 30 year plan and let it do its thing. Say, the Dow loses 30% this year, I'd still think I've made money in the past 10 years.
Too much stress to sit around and worry about what the market is gonna do. Put money in the retirement account on a 30 year plan and let it do its thing. Say, the Dow loses 30% this year, I'd still think I've made money in the past 10 years.
I understand the conservative, long-term strategies very well.
Too much stress to sit around and worry about what the market is gonna do. Put money in the retirement account on a 30 year plan and let it do its thing. Say, the Dow loses 30% this year, I'd still think I've made money in the past 10 years.
I understand the conservative, long-term strategies very well.
I specifically want to play the correction.
TIA
I know you know it came from a paid troll. But I told you the answer.
Don’t try and time the market; Wall Street is full of professionals who’ve failed at that very thing. I’d recommend you buy diversified mutual funds and be patient. They’re not sexy and won’t give you that rush but your money will be there when you need it. I ‘day traded’ prior to the tech bubble burst and quadrupled my portfolio in 2-3 years. Then I lost 2/3 of it (on paper) in 2 weeks. I was lucky and most of my stocks recovered but it was still a painful lesson.
Mutual funds rape you in their expense ratio and generally do worse or the same compared to ETFs.
Dont short anything unless you really know what youre doing
Don't need to. Buy a 3 times leveraged bear etf.
Those decay. Do you average down on those etfs too?
They decay and essentially reset in a bull market. In a bear market, they kick ass.
You'll lose money on it over time unless your timing is good. If you buy it (shorting the market) at the wrong time, it will just keep decaying. Better off not shorting the market at all, or using options calendars on SPY/IWM/QQQ. Get paid while you wait for a drop. Less risky, put them on when Vix is low, price can rally well past your entry point, and when volatility picks back up later, you can still be profitable even though price is higher than your entry point, due to the rise in volatility.
Dont short anything unless you really know what youre doing
Don't need to. Buy a 3 times leveraged bear etf.
Those decay. Do you average down on those etfs too?
They decay and essentially reset in a bull market. In a bear market, they kick ass.
Yep, when shit is more bleek than Memphis the ETF's shine. I made one last little play in the gold one for the election. Either way it's chaos and gold spikes. Hit that 24% and have been 100% out of the market since then and put the TSP in G on April 30th because May-Sep is always a shit show for fund backed vehicles.
There are some oil ETF's that play well too. Buy and hold, whenever any kind of natural disaster happens oil jumps.
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I specifically want to play the correction.
TIA
There are some oil ETF's that play well too. Buy and hold, whenever any kind of natural disaster happens oil jumps.
Fuck. Never mind. Meant to reply to...
Who fucking cares. FYFMFE.