I think I saw your post but went with puts on Friday. Not because I didn't believe you and others that were saying CVNA will end up i SnP. , but because I deeply hate this stock for it's scammy practices . I have no idea why I haven't even gone with straddle.I would end up in green on Monday.
Either way, the lesson learned ...hating the stock is no different than "I just like the stock "
OR stop buying 0DTE and get them 1-5 days out. The market has slid sideways since sept and snp finished at 0% gain for the month yesterday. Its computers buying and selling just look for the pattern. What goes up must come down what goes down must come up we must find theta because MM want to see how cooked the economy is but wont find out until the 15th
> In other words, even if the so called "crash" does manifest, it will be in the form of your purchasing power halving overnight while the snp doubling to 12k. You can mark this comment, and find me behind Wendy's in case you decide to ignore and short the market.
Oh, you mean what we've already experienced at least once since 2020?
Just remember folks, the myth of market downturns does not exist in today's world. We will never see a market "crash", or any prolonged bear market. The total amount of money is increasingly more digital now, more than ever, hooked up to the algos controlling people's funds. Even when it's taken out, it has absolutely no where to go but to be right back in, via one avenue or another, because if it doesn't, it will miss the train. Who is driving this runaway speed train, who knows, but we all know who can fuel it up, and in case it stops then we're gone, so collectively we know it has to keep going in all circumstances.
In other words, even if the so called "crash" does manifest, it will be in the form of your purchasing power halving overnight while the snp doubling to 12k. You can mark this comment, and find me behind Wendy's in case you decide to ignore and short the market.
Just remember folks, the myth of market downturns does not exist in today's world. We will never see a market "crash", or any prolonged bear market. The total amount of money is increasingly more digital now, more than ever, hooked up to the algos controlling people's funds. Even when it's taken out, it has absolutely no where to go but to be right back in, via one avenue or another, because if it doesn't, it will miss the train. Who is driving this runaway speed train, who knows, but we all know who can fuel it up, and in case it stops then we're gone, so collectively we know it has to keep going in all circumstances.
In other words, even if the so called "crash" does manifest, it will be in the form of your purchasing power halving overnight while the snp doubling to 12k. You can mark this comment, and find me behind Wendy's in case you decide to ignore and short the market.