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re: Classic bull trap

Posted on 4/8/25 at 6:43 pm to
Posted by DaBeerz
Member since Sep 2004
18275 posts
Posted on 4/8/25 at 6:43 pm to
I was up 15k at one point and ended up down 3k
Posted by FLObserver
Jacksonville
Member since Nov 2005
15731 posts
Posted on 4/8/25 at 6:48 pm to
quote:

Where was this post this morning?


Agree! Thanks for posting after the fact OP. Toke some real insight to post this.
This post was edited on 4/8/25 at 6:52 pm
Posted by SaintsReportExile
Member since Nov 2023
672 posts
Posted on 4/8/25 at 6:55 pm to
Or you are smart and just keep DCAing in.
Posted by Naked Bootleg
Premium Plus® Member
Member since Jul 2021
3156 posts
Posted on 4/8/25 at 6:57 pm to
I fricked up. woke up and saw all the green and panic-bought pre-market. I was 65% cash. Thought I had some good choices, knew I’d probably need to sell by 9:30am, got distracted (they expect me to work) and was red enough I decided to wait. More distractions. Yep typical movement we’ve seen for the past several days.

Oh well. I bought relatively low, will be patient, sell covered calls out of the money and wait it out.
Posted by 904
Forever under I-10
Member since Dec 2009
1078 posts
Posted on 4/8/25 at 8:56 pm to
quote:

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.


Apparently so, otherwise all of this would've been priced in months ago when he won.

Also, if all of that is really true about him wanting to do this 2 decades ago (which it very well might be), why didn't he put these tarriffs in place during his first term?
Posted by BCreed1
Alabama
Member since Jan 2024
6304 posts
Posted on 4/8/25 at 9:17 pm to
quote:

If you bought calls, they’ll probably expire worthless


What if I purchased SPY puts after it broke 522?
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