Pretty simple idea, the stock market already has a great supply/demand imbalance, in particular with all the new investors/gamblers joining (Jim Rogers in interviews said hairdressers and taxi drivers were giving him stock tips).
On top of that there is Biden that will: - Enable big companies to get cheap workers - Make things harder for small business which means less competition for the big ones (and the S&P500 and NQ100 are only made up of big .. well obviously...) - Raise taxes ==> Wealthy individuals will "hide" their money in the stock market (and RE, making rents go up I'd go long REITS if I was into that) to avoid the higher taxes
My bet is that the price will be very 1-directional, so I'll buy some high leverage options (this means a tight stop) without waiting for a PB and regardless of the outcome I'll buy more leveraged options on a small 3% drop with a very tight SL just a couple hundred points maybe 100 only even.
And then I aim for over 20k with a wide trailing stop, we'll see how things work out, I'll close some or add some, maybe TP on a small PB and if it is bigger I buy more around what could be the bottom, we will see depends what Biden & friends do as well as the psychological state of the market, this is way more reliant on fundamentals & irrational herd thinking that what I am used too with Forex I hope I know what I am doing. The price goes in 1 direction much much more strongly than the other one so I'm quite happy with this, too good an opportunity to not take it for me. Risk 100-200 points to make 9000 haha are you serious? I'll take that every day of the week, and I know I'll get out before the suckers if it goes my way, I might get out "too early" but I never hold bags.
İşlem aktif
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Let's go a little, I'll add a bit more over time, if I get a chance to pyramid this into a monster I sure will.
İşlem kapandı: durdurma seviyesi
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It got to 2-3R for me but it crashed during the hour I went out so I got stopped (I imagine) :)
If the price makes some sort of ABC I'll buy again, 2 batches: 1 with a greedy tight stop and one with a wider one.
Yorum
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Ah wonderful. Winnie the Pooh barked at Biden about a confrontation. And this is why the price dropped and I got stopped. Man.... Couldn't he wait a few days? Idiot.
Yep. REIT stocks pay good dividends, similar to CEFs. In the US they are taxed at a lower rate than earned income and short term gains. Even long term gains. In fact, they are only taxed based on earned income. Less than 19k yearly profited from a job and you pay NO income tax on dividends, so CEOs and DC politicians just reinvest all of their salary and live free on dividends. Heh. Now that's a taxation loophole Congress will NEVER close.
Kehrmaschine
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I don't know man.
I have also a yearly target of just below 15k on NQ, which is a projection of some historical stuff.
But just in the very short term the look of aapl,tsla,amzn and msft just seek for a little correction.
Kehrmaschine
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@MrRenev I'd also argue that if NQ were to just continue without a pullback from here.... it's way to crazy stretched north.
slkmbnz37
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What you are saying here is exactly opposite than what you said on Jan 17 :)
MrRenev
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@slkmbnz37, I think you are mixing it up, I am long tech100 since september
On a mid-term horizon I'd short TWTR and maybe FB while long tech100.
dRends35
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Which stocks do you think can drive this? Surely not TSLA 2k lol
MrRenev
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@dRends35, 0 stock, casuals & ETF tax loopholers (I heard that was half of buyers) are just going to throw money in the indices regardless of what their constituants are.