I can be Huge too

[antioch6]

Sold everything and went to cash. Maybe it's time for a vacation.

[antioch6]

I bought VIPS at 9.09. I'm in with 221 thousand on 100 per cent leverage. I'm thinking if it has one more big down day I'll sell. If anyone wants to come in with me it's trading at 8.35.

[jiesen]

I thought about doing that with you, but decided to just buy an S&P index fund (VTI) today instead, while the S&P is sitting ripe here at 3606. I will sell this above 4000, probably this year. If it goes to 3300 first, so be it... maybe I'll just buy some more.

[jiesen]

So, first day and I'm up 2% on this already.... too soon to tell yet, but did I just call the bottom of the bear?

[BlueWolf]

So, first day and I'm up 2% on this already.... too soon to tell yet, but did I just call the bottom of the bear?

We’re getting a little bounce, maybe more of a little sideways consolidation, but I don’t think this is the end of the bear market so be careful.

[jiesen]

Take a calculated risk, that's what I say... Carefully yes, but we are up 4% now from Friday's close.

[antioch6]

I'm about back to even on Vips. Down 1%. China looks super low. Spy, Vips, Ashr on my list. Still 200% long (194%, had a small margin call).

[antioch6]

I gave it all the chances I could, but I had to sell. Sold Vips at 8.67 and short Pdm at 9.91

[antioch6]

Bought Pdm and sold short Dash.

[antioch6]

If this is the big bear market I've been waiting for the past 4 years, I'll have plenty of opportunities.

Here is the screen for the week:

There were no stocks.

Here is the short screen for the week:

Pton W Snap Roku Shop Dash Coin Mtch Zm Ua Meta Pins Run Baba

Now that the market is falling, I can look for the weakest charts with the greatest market cap, and the most negative income. Pton has a useless product. W is the weakest. Snap is useless. Roku is a bad product. Shop isn't fun anymore. Dash might do good. Coin is making less money. Mtch might do good. I like Zm. Ua is not good. Meta is useless. Pins is a waste of time. Run might get help from the government. Baba is not good.

Without a government program, with negative earnings, and negative momentum, the market looks like it will keep falling. These stocks will fall worse so I will be shorting some in the next few days.

I'm short Dash. Maybe I'll get off margin and spread the risk. Food delivery sounds like a great idea for the future. W has more debt. I've been thinking about shorting it for a few days. Their earnings are more negative. The momentum is more negative. I've hesitated because buyers might send it up on hope. I've also needed to learn more about the company. Buyers could stop me out. It looks like most of them are done, and the market is genuinely weak. Dash is going down too. Maybe I shouldn't do anything.

[antioch6]

I sold half my Dash today. Lost most of the profits. I'm up 1%. I'm noticing all my gains up and down from the past 4 months have been erased, so the market isn't doing anything. Things are mostly down over the past year, so maybe they'll be up next year; or the year after. I've been planning on waiting until the end of the year to invest, but have been getting seduced into short term trading. I'm up 100% so far, so I'm beating the S&p, but it feels wrong on a moral level. Investing should be about short term efforts for the long term. I'm basically following formulas and taking other people's money. There should be a way to help people like feeding them or clothing them and building them a house. I'm not sure what the market's for.

[antioch6]

Buying back my dash position today. So I will be 200% short again. I'm a little nervous because the market is up 2%, but I have a stop in place and the sentiment looks right. I want to buy something but there are no earnings besides bank stocks and in the meantime the market is going sideways so I guess the lack of momentum will bring lower prices. Doordash doesn't seem like a good service because it brings fastfood to people on demand.

[antioch6]

For some reason I really want to buy stocks today. The oils look super good but they don't after you look at the actual price of oil. After watching the market fall all day, I was so disappointed with the rally at the end. I am about ready to give up shorting. I can already see the market taking away my 3% or 2% gain. Maybe this means we are heading lower. My list of shorts were down big today. I really want to buy this market, but there is nothing to buy. I feel positive my short is gunna get stopped out. I'm doubtful, though I'll give it till the end of the week.

[antioch6]

So I bought all my dash shares and went 200% long Stld. I've been looking for something to buy, and now that the momentum is up I had to find something with earnings at a good price with lots of buyers. Stld has growing earnings, a low p/e, and a strong price.

[jiesen]

STLD was a great call on Thursday, hope you make a killing on it!