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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
53473 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
19607 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 jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/27/21 at 9:58 pm to
TIPS
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3094 posts
Posted on 1/27/21 at 10:00 pm to
OK
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31145 posts
Posted on 1/27/21 at 10:01 pm to
quote:

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?


Well, I would trust the JP Morgan guy. Aside from bonds, treasuries, and money market, there's not a lot of places that are totally safe. I would wager he's fine but you guys just don't believe the broker. Where is he open for "big losses"?
Posted by Jjdoc
Cali
Member since Mar 2016
53473 posts
Posted on 1/27/21 at 10:04 pm to
I don't know his situation and would not be arrogant enough to suggest I do.


I made large investments from Jan to mid summer. I stopped and waited.

I have no intentions in liquidating those to move them. I'm in extremely low. For exmple PRTY. I am in at .83 and it's now at 6.70. I'm not selling it.

I will short the market using ETF calls (bear market etfs) and puts (Bull market puts).
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7372 posts
Posted on 1/27/21 at 10:04 pm to
Have you considered SQQQ?
Posted by East Coast Band
Member since Nov 2010
62798 posts
Posted on 1/27/21 at 10:18 pm to
I'm moving a lot of index based funds to balanced funds
Posted by GREENHEAD22
Member since Nov 2009
19607 posts
Posted on 1/27/21 at 10:22 pm to
He is not investment savvy enough to be trading or moving anything himself.

He has roughly 30% of his assets in small, mid and total market funds.

That 30% represents a significant amount money for him.
Posted by go ta hell ole miss
Member since Jan 2007
13628 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 jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/27/21 at 10:34 pm to
To be fair, a few did call the “top” right before it dropped from ~27 to 19 or whatever
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/27/21 at 10:42 pm to
sure, but he's also proclaiming that he's shorting the market when there might not be a time in the history of this country where retail has had more interest in market and easier access to purchase stocks

makes complete sense to me

Posted by GodnCountry
Member since Jan 2021
695 posts
Posted on 1/27/21 at 11:27 pm to
Got a link to that? I did mange to find some posts on certain investments. But nothing like what you are saying.


Please link them if you are going to call people out.
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 GodnCountry
Member since Jan 2021
695 posts
Posted on 1/27/21 at 11:31 pm to
quote:

sure, but he's also proclaiming that he's shorting the market


Did the market drop 600 plus today? Isn't Biden killing jobs left and right?

What does shorting the market have to do with "some" stocks going up?


Nothing.


Posted by Jjdoc
Cali
Member since Mar 2016
53473 posts
Posted on 1/27/21 at 11:36 pm to
What? Please show where I stated I was selling everything and shorting the market.


Link it.


Posted by GodnCountry
Member since Jan 2021
695 posts
Posted on 1/27/21 at 11:44 pm to
I did find where you talked about taking a major gamble on a company.


I did find where you called out "Mr. Perfect" who was telling everybody to pull all their money out.


LINK


I see you making investments HAL... and people called you nuts. It's back at 17.




Posted by GodnCountry
Member since Jan 2021
695 posts
Posted on 1/27/21 at 11:52 pm to
quote:

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






I hate when people do what you just did.


You owe him an apology and I am sure you will do the right thing.


I found the ONLY thread you can be talking about (unless you can show otherwise).


The thread is on VIX. And he was talking about, as in the title.... PUTS. LINK



Posted by Jjdoc
Cali
Member since Mar 2016
53473 posts
Posted on 1/28/21 at 12:04 am to
That's because he is lying. I was on a buying spree last year.

I did talk about VIX. And anybody that understands VIX knows that it is a short.

That means if I purchase Puts, I am betting on the market to go back up and am shorting VIX.


I posted that on March 9th 2020, and it was 57.83. By March 30th it dropped to 46. By the end of the year... 22.

As in.... I made money.


I'm not sure what this clown is talking about. But if he wants, he can place the thread here.


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