Investing General Discussion

Opened +83% on those AMZN calls.

*edit: now over 100%

Damn, markets up 4%+ right at the open.

Edit: Fucking rocketship time. S&P now at 4.20%, QQQ 5.52%, Russell 2000 at 4.36%.

Jysin said:

Numbers:

08:30 *(US) OCT CPI M/M: 0.4% V 0.6%E; Y/Y: 7.7% V 7.9%E (annual pace below lower-end of all analysts' expectations and records its 4th straight decline)
- CPI (ex-food/energy) M/M: 0.3% v 0.5%e; Y/Y: 6.3% v 6.5%e
- CPI Index NSA: 298.012 v 298.488e
- CPI Core (seasonally adj): 299.471 v 300.094e

08:30 *(US) INITIAL JOBLESS CLAIMS: 225K V 220KE; CONTINUING CLAIMS: 1.49M V 1.49ME

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Lejina said:

What the hell is going on today?

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Fire sale on SQQQ and SPXU, thats what

10:44 (US) Market Trading Hours Summary: October CPI offers significant hope for investors Summary

US stock markets surged, led by the tech-heavy NASDAQ, and bond yields plunged after Oct CPI data offered signs of real relief for the Fed. Stock volumes spiked >40% above the recent 3-month averages while NYSE advancers topped decliners by an eyepopping 13:1 margin. A number of factors contributed to the shortfall in the core CPI (up 0.27% in unrounded terms versus a forecast of 0.5%) but the most significant was a deceleration in shelter costs. Apparel prices fell for a second consecutive month rather than rebounding as expected, and the 2.4% decline in used car prices was more than twice as large as expected. The US dollar slumped and commodities rose, led by precious metals. The US 10-year yield dropped below 4% and the 2-year neared 4.3%. Futures markets immediately took down expectations for the high in the fed funds rate next year back below 5%. Several Fed officials welcomed the report while acknowledging there is still a long way to go on inflation. Crypto markets turned around after making fresh lows in the wake of the ongoing FTX collapse. - Source TradeTheNews.com

Those AMZN calls



*edit >200%

Sanrith Descartes said:

At risk of sounding like a broken record on this subject, this is why just cashing out or sitting on the sidelines doing nothing during bear markets is not a good play for the long term retirement investor. Add to quality positions on downturns in small bites and lower your cost basis. Over years it is proven to be the consistent winning strategy. Market timers rarely win ( Jysin plays last night being an exception).

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And to reinforce this, my bigger (long term account) wins are scaling into weakness at specific levels. You MUST put money to work at some point.
(Notice in my scaling that even I didn't time "the bottom" of 348 for any adds. I was eyeing 340ish for a 250 share add)




The day / swing trader timing shouldn't be attempted unless you are devoting this as a full time job. Even then, most are going to fail.

i just took a peek at my portfolio. All i can say is WHOA!!!!