Hope you’re right OD. If it recovers normally you’ll be in good shape. It’s just that the cruise industry might be one that looks entirely different 5 years from now.
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https://www.proshares.com/news/prosh...up_031220.html
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What does this mean? Why'd you post this?
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It means Direxion is delisting some of their leveraged products.

RunKC said he's long OILU which is one of those delisted products. Which means he's going to lose money.
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Interesting. I couldn’t put money in that online bc Fidelity would literally not let me. I had to call into buy it and was too lazy to do it last week.

Good thing I was didn’t
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Dodging bullets like Neo.

Don't. Hold. Leveraged. ETFs. Between. Sessions.
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Dow Futures tank out of the gate. Maybe it's just a coincidence but these things seem to tank just about every other day during the national press briefing. Might hit another circuit breaker tomorrow. Part of it is not coming together on the stimulus.
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They'll blow through two breakers tomorrow.
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Pretty much instant 5% down. :-)
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Monday’s have been horrendous.

I buy SPY on the huge down days and sell mid-late week on up days. It’s my only current strategy along with SDOW day trading on occasion.
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-900 seems like a good day.
And no, it's not a coincidence.
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I know this is against liberty and all, but would it really be a bad thing to just shut down the exchange and all trading for the foreseeable future?

I really think there is a decent chance that this lowers the Dow below 10,000
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Um what?

I’m not rooting for market decline but I’ll gladly average down in my 401k for money I’m not touching for another 30 years.
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Futures are limit down.

Like I’ve said for the past few weeks, buy your puts a few mins before close on Friday, cash out at open on Monday.

If stimulus package passes on Monday, but calls to sell on Wednesday, puts for Thursday (unemployment numbers out).

I bought 10 SPY puts at peak green on Friday when premiums were cheap - should double or even triple my money tomorrow.

It’s sad, but it’s easy money right now.
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I bought a lot of these in my life thinking I found the bottom only to realize I am not as smart as I think. :-)
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