Pretty simple idea, the stock market already has a great supply/demand imbalance, in particular with all the new investors/gamblers joining (Jim Rogers in interviews said hairdressers and taxi drivers were giving him stock tips).
On top of that there is Biden that will:
- Enable big companies to get cheap workers
- Make things harder for small business which means less competition for the big ones (and the S&P500 and NQ100 are only made up of big .. well obviously...)
- Raise taxes ==> Wealthy individuals will "hide" their money in the stock market (and RE, making rents go up I'd go long REITS if I was into that) to avoid the higher taxes
My bet is that the price will be very 1-directional, so I'll buy some high leverage options (this means a tight stop) without waiting for a PB and regardless of the outcome I'll buy more leveraged options on a small 3% drop with a very tight SL just a couple hundred points maybe 100 only even.
And then I aim for over 20k with a wide trailing stop, we'll see how things work out, I'll close some or add some, maybe TP on a small PB and if it is bigger I buy more around what could be the bottom, we will see depends what Biden & friends do as well as the psychological state of the market, this is way more reliant on fundamentals & irrational herd thinking that what I am used too with Forex I hope I know what I am doing.
The price goes in 1 direction much much more strongly than the other one so I'm quite happy with this, too good an opportunity to not take it for me. Risk 100-200 points to make 9000 haha are you serious? I'll take that every day of the week, and I know I'll get out before the suckers if it goes my way, I might get out "too early" but I never hold bags.
On top of that there is Biden that will:
- Enable big companies to get cheap workers
- Make things harder for small business which means less competition for the big ones (and the S&P500 and NQ100 are only made up of big .. well obviously...)
- Raise taxes ==> Wealthy individuals will "hide" their money in the stock market (and RE, making rents go up I'd go long REITS if I was into that) to avoid the higher taxes
My bet is that the price will be very 1-directional, so I'll buy some high leverage options (this means a tight stop) without waiting for a PB and regardless of the outcome I'll buy more leveraged options on a small 3% drop with a very tight SL just a couple hundred points maybe 100 only even.
And then I aim for over 20k with a wide trailing stop, we'll see how things work out, I'll close some or add some, maybe TP on a small PB and if it is bigger I buy more around what could be the bottom, we will see depends what Biden & friends do as well as the psychological state of the market, this is way more reliant on fundamentals & irrational herd thinking that what I am used too with Forex I hope I know what I am doing.
The price goes in 1 direction much much more strongly than the other one so I'm quite happy with this, too good an opportunity to not take it for me. Risk 100-200 points to make 9000 haha are you serious? I'll take that every day of the week, and I know I'll get out before the suckers if it goes my way, I might get out "too early" but I never hold bags.
Dagangan aktif
Let's go a little, I'll add a bit more over time, if I get a chance to pyramid this into a monster I sure will.Dagangan ditutup: hentian tercapai
It got to 2-3R for me but it crashed during the hour I went out so I got stopped (I imagine) :)If the price makes some sort of ABC I'll buy again, 2 batches: 1 with a greedy tight stop and one with a wider one.
Nota
Ah wonderful. Winnie the Pooh barked at Biden about a confrontation.And this is why the price dropped and I got stopped. Man....
Couldn't he wait a few days? Idiot.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.