Falling Knife

Jdesey said:
WOW....calls on a leveraged ETF!! that is like adding rocket fuel to Gunpowder...
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I love the leverage, what can I tell you? That is where the monies are. If the market really tanks in a big way, SQQQ could be like a rocket headed to the moon. I have about a month till March 18, 2022, let me see how much I can squeeze out of this trade.
 
smallfil said:
I love the leverage, what can I tell you? That is where the monies are. If the market really tanks in a big way, SQQQ could be like a rocket headed to the moon. I have about a month till March 18, 2022, let me see how much I can squeeze out of this trade.
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Held my ES mini overnight. Sold a new contract at 4210 before crashing and woke 100 points down. Hard to sell right now but hate to give up such gains and there's no good spot to set a stop currently as there have been no real consolidation points in the entire drop. Will have to hold until it drops more. I'm thinking we will see 3800 to 3900.
 
When the world realizes that Ukraine supplies a lot of the raw materials to manufacture a lot of the things the US and Europe needs, commodity prices should go thru the roof. Obviously, supplies would be curtailed, oil and natural gas still headed higher. Sanctions imposed on Russia will hurt the US and Europe by a lot. Wait for it. Russia has not even retaliated on the economic front but, it is coming.
 
smallfil said:
When the world realizes that Ukraine supplies a lot of the raw materials to manufacture a lot of the things the US and Europe needs, commodity prices should go thru the roof. Obviously, supplies would be curtailed, oil and natural gas still headed higher. Sanctions imposed on Russia will hurt the US and Europe by a lot. Wait for it. Russia has not even retaliated on the economic front but, it is coming.
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The price of oil will push inflation even higher as the price to manufacture all products and goods relies on oil that will be pushed even higher. This could be an economic disaster in the making. Why they waited so long to increase interest rates is mind boggling. Now the perfect storm is occurring with rising inflation and cost and raising interest rates or not raising them will be detrimental.
 
If anyone stays in a trade for too long, you will get beat up. Im watching stocks bounce 5 points then violently reverse so quickly they slice right through stop losses. We are right on the cusp of a full 20% pull pack from the highs on the nasdaq which would officially be called a bear market although most naz stocks are down 30-50% already.
 
Sold my SQQQ, will not give back all profits. I got 56% on my calls for 5 days holding. That is pretty good. I may re-enter later on.
 
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