The thing that led to such sharp gains is also what led to the evaporation of nearly all assets. He was clearly going heavy on options that would provide significant leverage but also could be swept in a win by having a long enough date that the bull movements covered the occasional downturn that occurred between after the tariffs and now. I bet the dating was enough during that bull run (like 18-35 days out) that they were consistently seeing some losing trades that turned around into 5x bags. Over and over.
It makes me feel better about turning a couple hundred into $5500 or so and managing to burn it after a few bad trades. Worst of all because I didn’t keep adjusting my risk near the very end like I did from the beginning (it’s what kept me alive trading in the $200 to $1500 range) I took myself out of trading when yesterdays trade war happened. Normally in news like that maybe at most it’d take me 5 mins to react. I wouldn’t have gotten a $100 to $100k ndx option since I wouldn’t have sat on some vastly otm put, but I’d have realized what was going on like I said and 5 mins of waiting was enough to get a 10x return minimum. There was a second wave around 1:50 which resulted in 30x returns again.
I did this after losing a little, but it would have been a lot worse. I believe President Hitler will do a taco next week maybe Tuesday. This has happened 3-4 times already. I also believe there is a lot going on behind the curtain so they market manipulate. Luckily I caught on to it since that wave started. Ive made a shitload of cash doing it. I guarantee this will keep happening. Thats why I wake up every day at market, watch the news and then watch the slides up or down.
Yeah, but traditional portfolios go up in the end if you have discipline. The only people who lose are the panic sellers. In the end, the big hedge funds will pump the market back up so they can dump it again. Rinse and repeat.
But the line goes up over time. This is what I mean by riding the wave.