How are the wallstreetbets guys so successful?

TickSeeker said:
So what ?

It's still extremely huge profits for them.

We all know the price will recover when the time goes.
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What are you talking about? What profit?
you clearly have no clue

https://www.ft.com/content/6addc002-6666-11ea-800d-da70cff6e4d3


Billionaire investor Ray Dalio said his Bridgewater Associates, the world’s largest hedge fund, was caught flat-footed during this month’s coronavirus-led market turmoil, as its marquee strategy dropped about 20 per cent for the year following sharp reversals in stocks, bonds, commodities and credit. “We did not know how to navigate the virus and chose not to because we didn't think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk,” Mr Dalio said in a statement to the Financial Times.
 
gmal said:
What are you talking about? What profit?
you clearly have no clue
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At this moment the whole Marquee strategy is down.

This is part of the plan.

In future when the panic is over it (market) goes back and higher. Has been doing this something about 400 years. So this strategy is living it's own life.

What comes into that put position they are making a lot of money from it. This money will be used to buy more long positions at bargain levels.

This is what I am talking about.

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This is my take for the question "How are the wallstreetbets guys so successful?"

Try to contribute for this.
 
TickSeeker said:
At this moment the whole Marquee strategy is down.

This is part of the plan.

In future when the panic is over it (market) goes back and higher. Has been doing this something about 400 years. So this strategy is living it's own life.

What comes into that put position they are making a lot of money from it. This money will be used to buy more long positions at bargain levels.

This is what I am talking about.

---

This is my take for the question "How are the wallstreetbets guys so successful?"

Try to contribute for this.
More...

That put position is MtM, which is reflected in funds overall return of negative 20% return. So put position has limited much steeper drawdown. For comparison Wealthfront Risk Parity has lost more than 23%.

Don't know how this thread got mixed up with Dalio and Wallstreetbets. Their strategy, mandate and audience is 180 degree apart.
 
gmal said:
Don't know how this thread got mixed up with Dalio and Wallstreetbets. Their strategy, mandate and audience is 180 degree apart.
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Put position has a limited life. It expires or can be sold. The profits are used to buy more at the bargain levels.

I just see dots here and there. I saw a word "march" he was saying in the news last november 2019. Look at what happened. It tells us they were very well aware what was coming and when. They are part of "the system".

This is why those who have the access are doing so well.

I agree with you Dalio is not the best example, but he is not an outsider either
 
TickSeeker said:
Put position has a limited life. It expires or can be sold. The profits are used to buy more at the bargain levels.
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I know how the put position works. What i was pointing out was that Put profits are reflected in fund's published results. With out Put position fund figures would have been much worse.

TickSeeker said:
I just see dots here and there. I saw a word "march" he was saying in the news last november 2019. Look at what happened. It tells us they were very well aware what was coming and when. They are part of "the system".
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If they were well aware of what was coming, fund should have shown massive profit instead of loss.

Anyway this discussion is going nowhere. Good luck
 
gmal said:
If they were well aware of what was coming, fund should have shown massive profit instead of loss.
Anyway this discussion is going nowhere. Good luck
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They have to take care the PR side too. So it serves well to show some "losses" at this point. It already looked quite ugly last november .

I agree. I'll also quit this now so pointless discussion.

Unsubscribed
.
 
Please be careful when viewing other traders over the interwebz.

In the age of deceit its hard to tell whos really winning and whos losing.
Even a massive loser is shrouded in consumer debt, appearing to win with materials.

Any trader toting winning yet doesn't post his losers is cleared for suspicion.
Idk, but finance may have more fraudsters than any other practice.

You know OTM long premo is a lotto ticket and YES you can make a killing.
But you already know the losses pile before you can, so its more of a matter
of sustainability than windfall.
 
nooby_mcnoob said:
Put $200K on a long $TSLA straddle/strangle while IV is low.

IV explodes.

$TSLA moves huge. One leg goes to 0, other leg goes to infinity.

That's the most recent guy.

You need to repeat these moves over and over starting from a smaller account and get it right more than wrong. There is most definitely skill involved.
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that is what i am looking for. unfortunately, the IVs are astronomically high now
 
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