Save the time, money, and stress and forget the MBA unless there is a corporate ladder you want to climbBaylorSpineGuy said:
Lol sounds like my employed neurosurgery position haha!
In all seriousness, I've thought about an MBA for a while. Think it would help me understand business better and give me some insight into something I haven't had much exposure to otherwise.
Really have been amazed that we can just print unlimited money and still somehow the dollar is GAINING value. Killing commodity prices, although depressed oil and gas (compared to what it would be if inflation mattered) is good for the larger economy.Bonfire1996 said:
Dollar is up 15% this year. It's rally has suppressed inflation reports. Something to keep in mind.
Don't forget Gaps at 379 and 369 on SPY.BREwmaster said:
peaking out of this little downtrend... could be game on bulls soon
It is fascinating, isn't it. What it tells you is how terribly bad it's about to get in Europe.topher06 said:Really have been amazed that we can just print unlimited money and still somehow the dollar is GAINING value. Killing commodity prices, although depressed oil and gas (compared to what it would be if inflation mattered) is good for the larger economy.Bonfire1996 said:
Dollar is up 15% this year. It's rally has suppressed inflation reports. Something to keep in mind.
Yeah, can't lie I've been loading a little more actual gold and silver cause it does seem that the world's currencies in general are going to **** as a result of gross fiscal irresponsibility.Bonfire1996 said:It is fascinating, isn't it. What it tells you is how terribly bad it's about to get in Europe.topher06 said:Really have been amazed that we can just print unlimited money and still somehow the dollar is GAINING value. Killing commodity prices, although depressed oil and gas (compared to what it would be if inflation mattered) is good for the larger economy.Bonfire1996 said:
Dollar is up 15% this year. It's rally has suppressed inflation reports. Something to keep in mind.
There is literally nothing to like about the greenback right now: $3 trillion annual deficits. Debt well in excess of GDP. Skyrocketing debt service as a percentage of GDP. Unfunded liabilities that will absolutely crush us.
But still in much better shape than the Euro, the Pound, and the Yen.
Yikes.
out of calls (SPY and TSLA), nice little gainEngrAg14 said:Don't forget Gaps at 379 and 369 on SPY.BREwmaster said:
peaking out of this little downtrend... could be game on bulls soon
I think we see both before any sort of real push back upward.
Bonfire1996 said:
But still in much better shape than the Euro, the Pound, and the Yen.
Yikes.
took a look at NVDA and grabbed a couple of 9/23 134pBREwmaster said:out of calls (SPY and TSLA), nice little gainEngrAg14 said:Don't forget Gaps at 379 and 369 on SPY.BREwmaster said:
peaking out of this little downtrend... could be game on bulls soon
I think we see both before any sort of real push back upward.
Fed speaks at 2:00 I think? and we are running up into it?
oh, and I see NVDA puts being loaded here (Big buys)
Europe is dead meat.topher06 said:Yeah, can't lie I've been loading a little more actual gold and silver cause it does seem that the world's currencies in general are going to **** as a result of gross fiscal irresponsibility.Bonfire1996 said:It is fascinating, isn't it. What it tells you is how terribly bad it's about to get in Europe.topher06 said:Really have been amazed that we can just print unlimited money and still somehow the dollar is GAINING value. Killing commodity prices, although depressed oil and gas (compared to what it would be if inflation mattered) is good for the larger economy.Bonfire1996 said:
Dollar is up 15% this year. It's rally has suppressed inflation reports. Something to keep in mind.
There is literally nothing to like about the greenback right now: $3 trillion annual deficits. Debt well in excess of GDP. Skyrocketing debt service as a percentage of GDP. Unfunded liabilities that will absolutely crush us.
But still in much better shape than the Euro, the Pound, and the Yen.
Yikes.
Bonfire1996 said:
Whoever bought GOOGL at 106 may have timed the bottom perfectly with them announcing an intended major cost cutting initiative.
BlueTaze said:Brian Earl Spilner said:
Yep, I ****ed that one.
I did load some SPY Sept 14 $392 calls for $5ea on your positive vibes....let's see if we can get good bounce before I get stopped.
nope! this sucker may want 4k+ soon. Mancini mentioned this could be a multi day bear market rally.BlueTaze said:BlueTaze said:Brian Earl Spilner said:
Yep, I ****ed that one.
I did load some SPY Sept 14 $392 calls for $5ea on your positive vibes....let's see if we can get good bounce before I get stopped.
Sold out of calls at 3940 and 3965. Anyone thinking about SPY puts around 3980?
Sold the other half of the SQQQ today for 45.15 which is a 17% gain.irish pete ag06 said:Sold half my position at 49.05 this morning for a 27% return. This is the largest position I've ever taken by a large margin. It's in my Roth IRA.irish pete ag06 said:Target 1 on SQQQ has been achieved. I've had a limit sell of 48 set for a long time, but I took it off today because I am at my new job, where I watch the markets all day as a part of my job. I plan to set a trailing stop order sometime today.irish pete ag06 said:This is basically exactly what I did. I started a tad too early. I started 6-7 trading days ago. I also began entering SQQQ layering in over the previous 2 weeks. Maybe the biggest position I've ever had. Playing for the model T and for it to fall back into previous consolidation zones that roughly equate too 300-310 QQQ.BlitzBrother said:
Sold 40% stocks late Thursday , hedged 100% of remainder - Basically looking out until midterms , think 3,950 in the cards as a minimum on S&P500 .
So on the SQQQ chart, I am targetting 47-50. Today allowed me to move my stop to break even after averaging in.
Before folks lose their crap about longing SQQQ and TQQQ, I am not keeping this forever. It's a swing trade. Not hodl'ing this.
I also bought $30 VIX calls for 21 Sep. I got into these too early as well. Downward moves (upward moves on VIX) happen so dang fast, I didn't want to miss it. These basically got back to breakeven today since I was too early. I still see more volatility upside, so I am holding, but plan to trim soon. Potentially tomorrow.
I've learned a tough lesson on the VIX calls. I am just now back to break even. I went too far OTM on these. I would have been much better served buying less contracts for a much strike price. I still have plenty of time, so I'm planning to hold these because I still believe we'll crack 30 before a short term rally ensues.
Plan for the rest of the 50%
Targeting to limit sell 25% at 55
Targeting to limit sell the last 25% at 60-61
Stop set at $41.50 which would be a 10% win
If everything goes as planned (which I doubt)... The megaphone play on the macros seems too obvious to play out cleanly. I would flip to averaging in to TQQQ for the ride back up.
I bought 9/16 SPY P390s on that run up to 3980. Will cut if SPX breaks 4000 and holds it. J Powell speaks tomorrow morning premarketBlueTaze said:BlueTaze said:Brian Earl Spilner said:
Yep, I ****ed that one.
I did load some SPY Sept 14 $392 calls for $5ea on your positive vibes....let's see if we can get good bounce before I get stopped.
Sold out of calls at 3940 and 3965. Anyone thinking about SPY puts around 3980?
