Quoted from dts:
It would be interesting for pinsiders to post their returns since the start of this thread, and various approaches to the market. I'm more of a buy and hold guy than kpg from his description. My timing was off, as I considered going to cash before this correction...but it was going too well...oops. Still off 20% but there are some good values out there right now, so I'm both moving some to cash and investing in other equities.
All me and my brother have been doing is looking for stocks that will rebound fast based off good news During this time or shorting it when you know it will be down. I know shorting is risky but its been pretty easy to determine when it’s coming and not putting all my eggs in one basket. I have been hurt a couple times shorting but definitely made more than lost. I also look at 1 week Peaks and see what has the most upside for stocks
As of late the market really seems to react to any positive news and is getting a little less crazy to negative. Not sure how long that will last. I mentioned stz a couple days ago which is in beer, wine etc. we assumed they would have good earnings based off the home consumption Bought at 124 sold at 138 and the rest at 160. Amazon announced it won’t be using its competition trans service, bought UPS in the morning sold when up 5 bucks. Bernie withdraws from running for present, my brother bought Cigna instantly. It went up 8 dollars, sold at the end of the day.
I’m betting down tomorrow so have sqqq as a short with no market on Friday. I might slow down trading as much as I have lately. I’m sure I’m getting somewhat lucky and I know there are a lot smarter folks who understand this way more than me. Here is how I have done in the last 3 months