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Is anybody short the market right now?

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Comments

  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    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.
  • UWhuskytskeet
    UWhuskytskeet Member Posts: 7,113
    USMChawk said:

    2001400ex said:

    Dont short anything unless you really know what youre doing

    Don't need to. Buy a 3 times leveraged bear etf.
    Go ahead and hand that loaded gun to the child, what’s the worst that could happen?

    https://www.fool.com/investing/2017/06/25/3-triple-leveraged-etfs-and-why-you-shouldnt-buy-a.aspx

    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.
  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    edited July 2018
    2001400ex said:

    2001400ex said:

    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.
  • MikeDamone
    MikeDamone Member Posts: 37,781
    pawz said:

    What's the best way to do that?

    What is the least risky way to take that position? Buy gold? Options?



    Axe hondo. He’s apparently a fucking expert.
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club

    pawz said:

    What's the best way to do that?

    What is the least risky way to take that position? Buy gold? Options?



    Axe hondo. He’s apparently a fucking expert.
    No chance.
  • Baseman
    Baseman Member Posts: 12,379
    Buy great businesses that pay dividends. Reinvest the dividends. Buy more when opportunity presents. NEVER, EVER sell.
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club
    Baseman said:

    Buy great businesses that pay dividends. Reinvest the dividends. Buy more when opportunity presents. NEVER, EVER sell.

    Even Warren Buffett sells on occasion.
  • 2001400ex
    2001400ex Member Posts: 29,457
    Baseman said:

    Buy great businesses that pay dividends. Reinvest the dividends. Buy more when opportunity presents. NEVER, EVER sell.

    MORL. 20 % dividend the 4 years I've owned it.
  • Mosster47
    Mosster47 Member Posts: 6,246
    2001400ex said:

    2001400ex said:

    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.
  • Kaepsknee
    Kaepsknee Member Posts: 14,919
    edited July 2018
    dnc said:


    Gonna need BBQ superiority guy to weigh in here. Tatonka brisket, yay or nay?
    That was some deep dark shit there.

    Fuck. Never mind. Meant to reply to...

    Who fucking cares. FYFMFE.