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Your post reminds me of this.
That was my favorite part of the movie.
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Your post reminds me of this.
Your post reminds me of this.
TNA and TZA are some of my go to ETF's to swing. I know today had to hurt. Will probably get a rebound on Monday but it'll probably be one of those 50% bounce rallies that fades into the close and spells more trouble ahead. Glad you bought some insurance, I always do as well. Those cheap longshot options to counter a 3x volatile ETF is a must.Feels like it too... I should have listened to my gut instead of being duped by Tom Lee, he has been touting the last few months how the IWM is going to be up 40-60% and how the Russell 2k is going to be 3000 by the end of the year. Now do I DCA more into TNA or take my losses.. I did have a nice hedge a couple days ago on SQQQ calls, so that saved me from about 80% of my losses on TNA.
Asia was the real bloodbath and futures are down 1.5-3% in US.
A few more days of 2-3% losses and fed is going to be quick to pop in.
NASDAQ set to open down 6%
I just checked in on my 401k balance and it was down a chunk, but I thought not TOO bad. Then I realized it hadn't even caught up to today yet.
Honestly, I think it's been due for a correction for a while now. I'm pretty sure a lot of this is purely profit taking. Question is how big is the haircut?yeah man....those funds/etfs wont show til after close
thats where im at too lol
FWIW, opened not nearly as large down as 1 hr ago was showing. So hope that many are using as a buying opportunity, which would stem the negative tide.
but Wall St is spooked and ANY little thing could create another run.