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Classic bull trap

Posted on 4/8/25 at 3:08 pm
Posted by DrrTiger
Louisiana
Member since Nov 2023
1403 posts
Posted on 4/8/25 at 3:08 pm
If you bought shares this morning, you’re at least 5% down on those by close of business. If you bought calls, they’ll probably expire worthless.

The house wins again.
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
30890 posts
Posted on 4/8/25 at 3:17 pm to
im glad i didnt buy yesterday. Tomorrow is D day with China, shits gonna get scary. I wouldnt touch anything until Friday.
Posted by Triple Bogey
19th Green
Member since May 2017
6186 posts
Posted on 4/8/25 at 3:17 pm to
Pointless thread, but I have no idea why anyone would be buying options right now with the IV sky high and premiums juiced like this. If you have a ton of shares in something, selling covered calls might be a smart idea right now.
Posted by beaverfever
Little Rock
Member since Jan 2008
34210 posts
Posted on 4/8/25 at 3:23 pm to
quote:

If you bought calls, they’ll probably expire worthless.
December 2027s too?
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6414 posts
Posted on 4/8/25 at 3:32 pm to
I started nibbling the last 30 minutes of the trading day today when everything was red on the day. Left plenty of ammo to fire off some more rounds tomorrow when Trump has a dick measuring contest with China.
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/8/25 at 3:34 pm to
I've been puting additional cash in every day for the last week. It has been great.

quote:

The house wins again.


I haven't taken anything out. How have they won?
Posted by SmackoverHawg
Member since Oct 2011
28906 posts
Posted on 4/8/25 at 3:38 pm to
quote:

I started nibbling the last 30 minutes of the trading day today when everything was red on the day. Left plenty of ammo to fire off some more rounds tomorrow when Trump has a dick measuring contest with China.

I'm down to my snubnose .38 with 6 in the cylinder. Gotta make those count. It's gonna really have to shite for me to blast away again. Reinforcements coming, but maybe a month or two away.
Posted by saint tiger225
San Diego
Member since Jan 2011
40564 posts
Posted on 4/8/25 at 3:56 pm to
It wasn't a "classic bull trap". The indexes were due to finish green today but the tariffs/trade war with China got ratcheted up and so the market responded accordingly.

Towards the end there might have been some smaller traps going both ways, but overall it was just a reaction to the tariffs.
Posted by 904
Forever under I-10
Member since Dec 2009
947 posts
Posted on 4/8/25 at 3:59 pm to
quote:

Classic bull trap


I wouldn't call it a classic bull trap because it's not driven by normal market conditions. I think it's pretty clear that the market desperately wants to get back to ATH, but is reacting to a potential economic standoff between Trump and China.

When Trump moves on to his next shiny object and ever so slightly hints at the possibility of accepting deals is when the market will start going in the other direction with quickness, unless that next shiny object is a destabilizing economic policy as well.
Posted by PUB
New Orleans
Member since Sep 2017
19928 posts
Posted on 4/8/25 at 4:08 pm to
Add another 40% to the current 40% dump and we are 80% down to start the Trump presidency. Sure looks like big winning …
Posted by Motownsix
Boise
Member since Oct 2022
2621 posts
Posted on 4/8/25 at 4:21 pm to
Does anyone else get the ick when people use casino/gambling terms to describe buying stocks? I never felt like owning part of Microsoft was the same as putting $5 on a football game.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2606 posts
Posted on 4/8/25 at 4:23 pm to
We've had nothing near a 40% decline so far. Do you really believe that? If so where are you getting your misinformation?
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/8/25 at 4:31 pm to
quote:

Does anyone else get the ick when people use casino/gambling terms to describe buying stocks? I never felt like owning part of Microsoft was the same as putting $5 on a football game.


Well, most people have no idea what they are doing, so i'll give them a litt slack

It has shocked me the amount of people i've known that are long term passive invenstors, not doing active trading, that put their portfolio in cash during all this. It is baffling.
This post was edited on 4/8/25 at 4:32 pm
Posted by Pendulum
Member since Jan 2009
7578 posts
Posted on 4/8/25 at 4:54 pm to
Yes, my personal pet peeve is when people refer to "house money" in their own portfolio.

No bitch, it's all my money.

Eta: ironically its usually said before doing something completely uncalculated or something you wouldn't do with your own money, like "ill let it ride since it's house money". It confounds me.
This post was edited on 4/8/25 at 5:03 pm
Posted by DaBeerz
Member since Sep 2004
18012 posts
Posted on 4/8/25 at 5:10 pm to
quote:

If you bought shares this morning, you’re at least 5% down on those by close of business


Ok you win, the market will never be higher than it was at 9:00 am today
Posted by SalE
At the beach
Member since Jan 2020
2662 posts
Posted on 4/8/25 at 5:18 pm to
5%..so you are an amateur/rookie...
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
13071 posts
Posted on 4/8/25 at 6:16 pm to
Posted by tigerbacon
Arkansas
Member since Aug 2010
4162 posts
Posted on 4/8/25 at 6:20 pm to
I buy every Tuesday morning. I got in before it took off this morning but did go down some. I’ll buy again next Tuesday. I’m 25plus years away from retirement so I never time the market. Plus me 401k, the big money, is handled by professionals not me. I don’t need to time the market, I’m consistent with my fun investing and always buy never sell. The stocks I bought today were way lower than I bought the same stocks 3-5 months ago. So it was a win for me. And I only invest in companies I believe me. Apple, Microsoft, MO, att, VZ, etc….
Posted by PetroBabich
Donetsk Oblast
Member since Apr 2017
4920 posts
Posted on 4/8/25 at 6:24 pm to
quote:

When Trump moves on to his next shiny object and ever so slightly hints at the possibility of accepting deals


I think people really underestimate how serious Trump is about tariffs. He's been talking about them since the book he wrote in the early 2000s when he ran as president for the reform party.
Posted by slackster
Houston
Member since Mar 2009
89380 posts
Posted on 4/8/25 at 6:38 pm to
Where was this post this morning?
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