I will DCA into TQQQ if NASDAQ drops to 11 500.
The recent banking turmoil despite it being a high volatility and high stress event, the NASDAQ hardly budged.
1. Because NASDAQ isn't really exposed to the financial sector.
2. And this is why im doing this trade, the NQ seems to have bottomed or call it sellers fatigue or whatever. The fact remains, weve made higher lows since october.
3. I believe that since commodities were very low in March that CPI might come out low or at the very least not so elevated.
There are risks associated with this obv. like that famous earnings recession that is very slowly seeping in since the last 3 quarters.
And, another black swan event that would hit the tech sector more specifically than the banking black swan we just had.
Noting that can't be fixed by DCA ing some more really.
Oh yeah, and I take profit at 12 000 to 12 500. Short and sweet just like my sex life. 😎
Chat gpt got your back:
[Scene: A dark, smoky comedy club. A spotlight shines on the stage as George Carlin walks up to the microphone, wearing his signature all-black outfit.]
George Carlin: "Ladies and gentlemen, you know what I've been thinking about lately? The fing COVID pandemic. Yeah, that's right, the one that turned our world into a shshow. I mean, you've gotta love how it made people reveal their true f**ed-up colors, right?"
[The audience laughs and claps.]
George Carlin: "So, there we were, stuck in our homes for months, wearing masks and washing our hands like it was a godd**n religion. And you know what's funny? People who couldn't even spell 'pandemic' suddenly became experts on the subject. Overnight, every Tom, Dick, and Harry was an epidemiologist! Or should I say, 'Epidickmiologist'?"
[Audience laughs]
George Carlin: "And you remember those conspiracy nutjobs? Oh boy, they had a field day with this one! 5G towers, Bill F*ing Gates, microchips up our asses - you name it! It's like they were competing to see who could come up with the most batsh insane story!"
[Audience chuckles]
George Carlin: "But let's not forget about toilet paper. Oh no, we can't forget about toilet paper! It was like people lost their fing minds. I mean, how much do you have to be shing to need that much toilet paper?!"
[Audience roars with laughter]
George Carlin: "I'll tell you something, folks. You learn a lot about human nature during a crisis. Some people stepped up and helped their neighbors, while others hoarded hand sanitizer like it was f*ing liquid gold. I mean, really? We're in the middle of a pandemic, and you're worried about turning a profit off people's misery? That's humanity for you - a big, steaming pile of selfish sh!"
[Audience nods and laughs]
George Carlin: "And don't even get me started on the f***ing politicians. Did you notice how they suddenly became 'concerned' about our health? It's funny how quickly they can shift gears when their approval ratings are on the line, huh? I swear, they'd sell their own mothers for a few extra points in the polls!"
[Audience chuckles and claps]
George Carlin: "But you know what? We survived it, folks. We're still here. And maybe, just maybe, we've learned something from all of this. Or, more likely, we'll forget about it in a few months and go back to our old ways, screwing each other over like it's going out of style. Because that's what we do best."
[The audience laughs and applauds as George Carlin takes a bow and leaves the stage.]
You're an idiot if you keep yolo-ing your credit card. You'll never get ahead that way. Pay off your debt and then start investing like a smart person.