I panicked yesterday and sold all of my holding on SPY and VOO for about 100k yesterday. Waiting for re-entry post elections. Holding TQQQ and SQQQ for now. Should I use the fund to get into options? Good time to venture there?

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If you panic sold 100k of equity (especially index funds) on a green day, you aren't ready to trade options. You will lose money very quickly unless you can remove emotion from your trading.

likesmart

OP - yesterday was a green day, right? Or at least flat if you look where it opened, but it gapped up.

You panicked on an up day?

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Like STA1 said, yesterday was a gap up open and it closed above the Friday close. It was an up day. And the swing was actually not very big while VIX fell.

Panicking yesterday was playing a weak hand.

Try playing around w options for couple hundred ~ max 1k you will quickly see how easy it is to lose and gain money

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OP - this is exactly why you never liquidate a huge amount of index funds. Assuming you sold around 330, SPY is up 10% since then. You can't predict how markets will move, so its best to not touch your LT portfolio. Take it from someone who cashed out Tesla at 700 pre-split only to watch it double again.

I wouldn't throw it all back in yet, but scale in and wait for better entries. I would expect to see some selling in the near future, but that may be preceded by more upside.

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Lolol

Election panic. You should have long Vix, and bought spy puts and calls to play volatility

That worked last week... not as much so far this week.

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If you want to build long term wealth you should be investing and holding ETFs, not options.

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