0708aggie said:
Agree here. FOMO is alive and kicking. This will not end well for most retail. I'm down to holding very little for more than a few days and most is daily buys and sells.
The reason I've posted loading 4/5/24 SPY puts is because of NVDA's explosion into and after earnings, when I initiated my SPY 405 puts and then added more 4/5 409 puts this morning; they're running out of steam imho.
Look, did you witness the action in NVDA and SMCI today? They both opened gangbusters and then drifted, look where they closed. NVDA has driven SPX/SPY and SMCI has been the driver of the Russell, as they go, so will those markets.
I'm not asking anyone to follow, just for everyone to exercise caution. I don't expect a crash but I've positioned myself to profit if we have a 5-7% pullback. I've posted my buys and will when I close the puts, whether it is a profit or loss. Use the weekend to research and decide what you want to do, That said, don't gamble and risk hurting your accounts should you/I'm wrong.
Gig'em