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re: Only 3 months average negative returns in the market. Two of them are August & September.

Posted on 8/2/23 at 10:01 am to
Posted by Ernest T Bass
Member since Jul 2023
87 posts
Posted on 8/2/23 at 10:01 am to
Keeps tanking, getting bloody
Posted by saint tiger225
San Diego
Member since Jan 2011
37422 posts
Posted on 8/2/23 at 10:35 am to
You ditched your OG LeeVanQueef alter, I see.
Posted by Ernest T Bass
Member since Jul 2023
87 posts
Posted on 8/2/23 at 10:51 am to
quote:

I flipped TQQQ over to SQQQ so this decline should reverse pretty quickly.


Nasdaq is down 365 now, sounds like your trade is working out.

kudos
This post was edited on 8/2/23 at 11:14 am
Posted by Ernest T Bass
Member since Jul 2023
87 posts
Posted on 8/2/23 at 11:18 am to
quote:

good luck with these plays. curious to know your price targets for these to hit and in what timeframes. I suspect you're going to get wrecked trying to short bullish indexes/stocks. there's too many dip buyers waiting on those names and you're going to face a lot of frustration as dips are bought and price trades sideways before a next leg up. volatility is suppressed and even if there is a spike in vol, it's quickly crushed as buying comes in. prime example: the trading days on Thursday and Friday.

maybe focus on actual bearish stocks if you want to go short in this market.


Nasdaq down 360.

Sounds like his shorts worked out great
This post was edited on 8/2/23 at 11:23 am
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