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Will move to protect my accounts tomorrow.

Posted on 1/27/21 at 9:47 pm
Posted by Jjdoc
Cali
Member since Mar 2016
53502 posts
Posted on 1/27/21 at 9:47 pm
ALL SMILES






I have done extremely well from investing after covid. Most of you did too. In fact, the GME people WAAAAY better than me. BUT....

Something about the current climate and the shutting down of jobs and the reddit group is off to me.

I will take precaution tomorrow. I'm not selling out of my positions, but I am going some bear.



I am currently looking at SH, HDGE, FAZ. Mainly calls.

FNGD in out right purchases.



Am also looking at Puts on Bull market ETFs:

SAA.. Puts as cheap as .01



I'm not telling anybody what to do. I'm simply saying that my investments will be protected tomorrow.




This post was edited on 1/29/21 at 12:28 pm
Posted by GREENHEAD22
Member since Nov 2009
19625 posts
Posted on 1/27/21 at 9:57 pm to
I was going to start a thread for this bit it will work here.

My dad retires in a yr and is nervous as all hell. He wants to move it all to something completely safe until things play out a little more. The guy at JPM keeps telling him not to worry, he is diversified but after looking at his portfolio he is wide open for big losses.

Besides moving it all to the money market and holding where else could he put his life savings that is safe?
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3110 posts
Posted on 1/27/21 at 10:00 pm to
OK
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7402 posts
Posted on 1/27/21 at 10:04 pm to
Have you considered SQQQ?
Posted by go ta hell ole miss
Member since Jan 2007
13661 posts
Posted on 1/27/21 at 10:28 pm to
quote:

Something about the current climate and the shutting down of jobs and the reddit group is off to me.


They didn’t shut down reddit. They closed the room to sweep out the bots because they were clogging the room. It’s back and running.

Volatility is part of the market. The retailers think they have Wall Street on the ropes, but there are some remarkably smart people on Wall Street, too. It’s great theater that you can join in on.
This post was edited on 1/28/21 at 3:33 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/27/21 at 10:33 pm to
you made this same thread last year after covid and that obviously was an awful decision considering it was the best market in years

on top of that you also posted several short positions immediately after covid which you obviously got rekt on.

then you disappeared from this forum... until today?

k
Posted by YogaPants
Baton Rouge
Member since Aug 2008
4704 posts
Posted on 1/27/21 at 11:29 pm to
sorry it didn't work out
Posted by Shamoan
Member since Feb 2019
9293 posts
Posted on 1/28/21 at 1:19 am to
Legitimately tell me like I am 3 years old, aside from retirement accounts, how can you protect yourself without taking a 30% bath right off the bat in cap gained tax if you sell? Am I missing something?
Posted by lsusteve1
Member since Dec 2004
42011 posts
Posted on 1/28/21 at 7:31 am to
Investing for dummy here.

What should I be doing besides 401k and IRA's.

Dabble very small in Market

Looking to earn max interest with limited liability (aren't we all)

Advice?
This post was edited on 1/28/21 at 8:04 am
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
7076 posts
Posted on 1/29/21 at 11:58 am to
I'm just here to say this thread has way too many unnecessary line

spaces

cut the shite out

weirdos.
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