Today, with market down 700 pts, I’m walking into the fire.
I’m buying indexes long with 2X leverage, specifically SSO (2X positive leverage on the S&P500).
I’m starting with 10% of portfolio in SSO. I cut my gold position back to 25%. The rest is cash.
Today’s market will scare the public and congress. They will pass a bail out within five days and we’ll then see our market rally sending stocks up say 10% (your guess is good as mine on the size of that rally).
When that Fool’s Rally starts to crest, I’m dumping my longs, and will go agressively short with SDS.
I’ll keep my gold at 25% of portfolio and wait for the recession to take gold prices lower, then I double-down.
Agreed, this wont be the last of a failout attempt. and today will surely scare a lot of the “common man” not familiar with the situation.
But, be careful out there. This is game for professionals right now. Swings are huge and unknown.
Agreed, this wont be the last of a failout attempt. and today will surely scare a lot of the “common man” not familiar with the situation.
But, be careful out there. This is game for professionals right now. Swings are huge and unknown.
Agreed, this wont be the last of a failout attempt. and today will surely scare a lot of the “common man” not familiar with the situation.
But, be careful out there. This is game for professionals right now. Swings are huge and unknown.
Agreed, this wont be the last of a failout attempt. and today will surely scare a lot of the “common man” not familiar with the situation.
But, be careful out there. This is game for professionals right now. Swings are huge and unknown.
Agreed, this wont be the last of a failout attempt. and today will surely scare a lot of the “common man” not familiar with the situation.
But, be careful out there. This is game for professionals right now. Swings are huge and unknown.
Be careful with ultrashort/ultralong ETFs, they are derivative based (futures, options, total return swaps). In the event of a derivative meltdown, your investments may go down the drain.
Be careful with ultrashort/ultralong ETFs, they are derivative based (futures, options, total return swaps). In the event of a derivative meltdown, your investments may go down the drain.
Be careful with ultrashort/ultralong ETFs, they are derivative based (futures, options, total return swaps). In the event of a derivative meltdown, your investments may go down the drain.
Be careful with ultrashort/ultralong ETFs, they are derivative based (futures, options, total return swaps). In the event of a derivative meltdown, your investments may go down the drain.
Be careful with ultrashort/ultralong ETFs, they are derivative based (futures, options, total return swaps). In the event of a derivative meltdown, your investments may go down the drain.
Agreed. This is pure speculation, gambling. But I’m good at that.
WARNING: the vast majority of people in this overall Piggington forum should consider the ideas in this thread totally inappropriate for executing within their portfolios.
Tomorrow could be another DOWN day but if it is, I will double-down my 2X long positions, probably this time going 2X long the NASDAQ which is already now down 30% off the Oct 2007 highs.
Agreed. This is pure speculation, gambling. But I’m good at that.
WARNING: the vast majority of people in this overall Piggington forum should consider the ideas in this thread totally inappropriate for executing within their portfolios.
Tomorrow could be another DOWN day but if it is, I will double-down my 2X long positions, probably this time going 2X long the NASDAQ which is already now down 30% off the Oct 2007 highs.
Agreed. This is pure speculation, gambling. But I’m good at that.
WARNING: the vast majority of people in this overall Piggington forum should consider the ideas in this thread totally inappropriate for executing within their portfolios.
Tomorrow could be another DOWN day but if it is, I will double-down my 2X long positions, probably this time going 2X long the NASDAQ which is already now down 30% off the Oct 2007 highs.
Agreed. This is pure speculation, gambling. But I’m good at that.
WARNING: the vast majority of people in this overall Piggington forum should consider the ideas in this thread totally inappropriate for executing within their portfolios.
Tomorrow could be another DOWN day but if it is, I will double-down my 2X long positions, probably this time going 2X long the NASDAQ which is already now down 30% off the Oct 2007 highs.
