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Why are markets pumping today?
8/16 Thread (General):
Anyone watching this crypto meltdown? 🍿
Some exciting retail plays on deck
$TBLT man. Quite the thrilling penny stock.
What are the plays for tomorrow?
Coach
This is exactly what i did
Right on queue fellas... love this market.
Bowl Leader
I didn’t buy all my $13 uvxy calls at the low, but cost averaging got me my 23x return.
New to investing, why would a put on a vix be a good thing when stock prices are falling?
Bowl Leader
Because the market bounces off key support levels. It’s not a long term play. You play the technicals. We hit 26000 today and bounced 700 points (similar to when we hit 26,600). Money managers try to defend key levels of support so you get these quick bounces, which you then sell into if you don’t believe the worst is over.