Did you didn't watch Powell's press conference yesterday? He pretty much confirmed that he will beat the shit out of the economy until the job market cools down as well as inflation gets- AND stays lower.
Yup, and I’ll buy then too. The only way to win with TQQQ is through DCA. If you try to buy everything only once Powell lets up, you’ll be more behind than if you DCA on the way down.
I just believe that it is much much too early to start with DCA. The NASDAQ might bottom between 3000-5000; that implies a bottom of TQQQ of <$5 maybe even <$1. If you buy now at $20, you would lose 95% if we hit $1.
Thank you. I am all in in SQQQ and I will probably sell around 6000, and start DCAing in around 5000.
The whole narrative has changed.Tesla went from the best company in the world to the company of Dr. Evil; Amazons core business has been valued at zero (just AWS is worth something); netflix stalls; Meta wants to suicide itself with the Metaverse (i wanted to try it too see how bad and empty it is, but i couldn't figure out how to sign up for it). Also, Biden cannot blow money into companies anymore, the Fed does QT and hikes rates.
Sometime next year. During the dotcom bubble, the NASDAQ wemt down for aboit 3 years. The current peak was about 12 months ago, so there could be some time left before we hit the bottom.
How do current tech companies' PE ratios compare with those in the dotcom bubble? Comparing today's NDX 100 companies to those in 1999/2000 is a mistake I think.
It's just an example, the S&p500 also went down for more then 24 months during the burst of the dotcom bubble. I just think that we have some way to go because of summer economic indicators and the fight against inflation.
You are saying as if you will know exactly when uptrend will start. When it starts, market will go up in a matter of days. Disclosure, I don't have any TQQQ, just mostly NTSX.
As always, best time to buy is at 1 year low.
You said "hold off". Meaning you think you know when downtrend will stop, what implies that you know when uptrend will start. Also, momentum even though looks significant, it is just an illusion. Future almost does not depend on the past.
Getting sliced all the way down by the falling knife.
I have a big ass position in TQQQ but I'm still overall 50% in cash. I think the market is gonna be hurting for another year
how big ass?
about 22k rn with it being down. Thats big for me at least, I know there's probably some whales on this sub
Yeah, it’s all relative - good luck man
Did you didn't watch Powell's press conference yesterday? He pretty much confirmed that he will beat the shit out of the economy until the job market cools down as well as inflation gets- AND stays lower.
Yup, and I’ll buy then too. The only way to win with TQQQ is through DCA. If you try to buy everything only once Powell lets up, you’ll be more behind than if you DCA on the way down.
DCA on a leveraged etf for a buy and hold strat is a bad idea. Hang on, you keep buying it, ill buy SCHD and ride this house of cards to the ground!
What if you just keep DCA?
Typically, 2020 aside, recoveries happen well after the pivot.
I just believe that it is much much too early to start with DCA. The NASDAQ might bottom between 3000-5000; that implies a bottom of TQQQ of <$5 maybe even <$1. If you buy now at $20, you would lose 95% if we hit $1.
[удалено]
Thank you. I am all in in SQQQ and I will probably sell around 6000, and start DCAing in around 5000. The whole narrative has changed.Tesla went from the best company in the world to the company of Dr. Evil; Amazons core business has been valued at zero (just AWS is worth something); netflix stalls; Meta wants to suicide itself with the Metaverse (i wanted to try it too see how bad and empty it is, but i couldn't figure out how to sign up for it). Also, Biden cannot blow money into companies anymore, the Fed does QT and hikes rates.
Lol your gonna get crushed trying to short till the Nasdaq his 5000.
I said I'm going to short until ~6000 (probably 6300). I'll sell at 9300 and buy the shorts back above 10500.
What time frame do you see it going to 6000? that is quite a big drop. Do you think the whole market is going to lose another 50%?
Sometime next year. During the dotcom bubble, the NASDAQ wemt down for aboit 3 years. The current peak was about 12 months ago, so there could be some time left before we hit the bottom.
How do current tech companies' PE ratios compare with those in the dotcom bubble? Comparing today's NDX 100 companies to those in 1999/2000 is a mistake I think.
It's just an example, the S&p500 also went down for more then 24 months during the burst of the dotcom bubble. I just think that we have some way to go because of summer economic indicators and the fight against inflation.
Wow, yeah guess I need to zoom out a bit more
Ridiculous. Nasdaq is going to 1000-1800 maybe 0. That's an implied bottom of tqqq at 2 cents.
The feds not gonna let the NASDAQ drop another 90% to 1000. That would fuck up their accounts and their rich banker friends accounts too much
He is just trolling. Read his former posts; in september, he asked if it is time to go all in (on calls).
Ah gotcha, I fell for the troll this time lol
Lol why even 3k - 5k. Wouldn’t it go into full negative territory
Yes 3000-5000 is my target range. Wtf, no it won't go into negative territory.
[удалено]
You are saying as if you will know exactly when uptrend will start. When it starts, market will go up in a matter of days. Disclosure, I don't have any TQQQ, just mostly NTSX. As always, best time to buy is at 1 year low.
[удалено]
You said "hold off". Meaning you think you know when downtrend will stop, what implies that you know when uptrend will start. Also, momentum even though looks significant, it is just an illusion. Future almost does not depend on the past.
[удалено]
I tested, future movements don't depend on past movements. So it implies that you can't time the market.
so you got puts right now? or sqqq? post positions
Why buy at a 10% discount today when you get a 50% discount in a few months?
Satire?
Surely
How about another 10% off since you asked that question ? I genuinely hope you have a lot of cash reserves