[quote=The-Shoveler]”I have a feeling March-April was one of those once in a lifetime chances.”
It definitely was a good bounce ( I know a few who played it well).
Not sure it is over yet IMO.
Bought a little SPYD (Still down about 25% from high and paying about 6%), just enough to keep eye on, will buy more if market takes another dump which I still think is possible.[/quote]
Perhaps. Don’t know. My trading account’s YTD is roughly back to where it was pre-covid at around , slightly more with the last few trades with AMD options, Moderna, and Carnival Cruises, roughly 15.26%
I’m sure people who were sitting out on the fence since the beginning of this year and planned to jump all in at the absolute low did very well if they jumped all in during March/April timeframe. Some stocks are trading at multiples of their March/April levels. So that all or nothing strategy suggested by some might have worked really well if their timing was spot on. Of course for me, I never trusted my exact timing with just one hand, so I would never make drastic large one hand plays. That prevents me from making a huge score like that guy above did with cruise stocks, but hopefully it will also significantly reduce my chances of taking a huge bath in case my timing is off, as it usually isthe case. There’s a bunch of volatility still. AMD was down to $49 yesterday on this China tech cold war scare. Then by the end of the day it was back up to $52. Ive been buying back and selling Jan 2021 $55 calls a few times now since it seems like we’re stuck between the $49-$56 for some time.
Plus, this year I finally get to claim some extra money from UI benefits for all these years I paid into the UI system and never made a claim. lol.