d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Investment & Finance > Dow Jones Base Jumping > Taking The Plunge
Prev1457458459460461751Next
Add Reply New Topic New Poll
Member
Posts: 17,575
Joined: Mar 5 2016
Gold: 27.45
Warn: 40%
Oct 13 2022 11:25pm
Quote (Bazi @ Oct 14 2022 01:30am)
Insults aside I am just saying

Ur not gonna time the bottom

Smart money barely can and us retail definitely will not hit it. Dca is a proven strategy, for longterm gain.


I do that too, like anyone. I can check on binance my avg buy on eth is like 1060 and btc 19,4k.
Transparency I have to say I probably got some scammed on Yield Nodes. Seems like a juicy field rugpull style.
Still have plenty of others high risk investments which are fine (for now). Meanwhile most people I know in crypto are net losers or barely be.
Member
Posts: 29,003
Joined: Jun 20 2007
Gold: 34.51
Oct 14 2022 07:58am
Quote (Bazi @ Oct 13 2022 12:12pm)
You don’t need to play with futures to short lmao. Multiple ways you can be net short. So Back to original question- no balls, no money, or maybe just a knowledge gap?

I did inject 6 digits at the open when spy hit 350, the target I’ve been eyeing for a couple months (mentioned multiple times here). As you can imagine I am sitting pretty well.

Congratulations on your $50! You should open up a channel and give coaching lessons


Must be nice. I'm down 250K YTD.
Member
Posts: 29,653
Joined: May 26 2014
Gold: 420.69
Warn: 20%
Oct 14 2022 08:02am
Quote (SBD @ Oct 14 2022 06:58am)
Must be nice. I'm down 250K YTD.



Same boat but in stocks instead... fml
Member
Posts: 29,003
Joined: Jun 20 2007
Gold: 34.51
Oct 14 2022 08:17am
Quote (Pharaohmon @ Oct 14 2022 08:02am)
Same boat but in stocks instead... fml


Yeah, same, all on stocks. Granted it's just unrealized gains have disappeared, I'm not actually down on many positions below cost base.

Add every two weeks. All good.

Last year I was able to make an okay return just via interest arbitrage. While i'm tempted to use some margin here at 5.75% its punishing if things go sideways.
Member
Posts: 42,679
Joined: Jul 8 2008
Gold: 8,000.00
Oct 14 2022 08:31am
So the crash just took an extra day

Member
Posts: 29,653
Joined: May 26 2014
Gold: 420.69
Warn: 20%
Oct 14 2022 10:24am
Quote (SBD @ Oct 14 2022 07:17am)
Yeah, same, all on stocks. Granted it's just unrealized gains have disappeared, I'm not actually down on many positions below cost base.

Add every two weeks. All good.

Last year I was able to make an okay return just via interest arbitrage. While i'm tempted to use some margin here at 5.75% its punishing if things go sideways.



Not worth it with margin bet unless you truly believe we bottomed
Member
Posts: 29,003
Joined: Jun 20 2007
Gold: 34.51
Oct 14 2022 10:28am
Quote (Pharaohmon @ Oct 14 2022 10:24am)
Not worth it with margin bet unless you truly believe we bottomed


I don't truly believe we have bottomed out but if if yields on things like Canadian banks or high quality REITS go in excess of margin rates again I will use margin because I believe eventually something like a Canadian bank or a high quality REIT will recover and ill make a return off interest arbitrage again until it does and ill have no risk of being margin called because I typically only utilize 1/5 - 2/5 of available margin. I can sit on it all day as long as im yielding more off monthly distributions or quarterly distributions then I'm paying interest. But with rates this high the amount you're yielding off the arbitrage is trivial and just not worth it.
Member
Posts: 41,270
Joined: Apr 14 2006
Gold: 1,788.71
Oct 14 2022 10:29am
Quote (SBD @ Oct 14 2022 08:58am)
Must be nice. I'm down 250K YTD.


It’ll come back

I am not even looking at my retirement accounts and not even looking at blood bath that is going on/has gone on there.

Just dca that stuff
Member
Posts: 41,270
Joined: Apr 14 2006
Gold: 1,788.71
Oct 14 2022 10:29am
Quote (SBD @ Oct 14 2022 09:17am)
Yeah, same, all on stocks. Granted it's just unrealized gains have disappeared, I'm not actually down on many positions below cost base.

Add every two weeks. All good.

Last year I was able to make an okay return just via interest arbitrage. While i'm tempted to use some margin here at 5.75% its punishing if things go sideways.


Nothing wrong with adding but margin trading in these volatile times literally kills people
Member
Posts: 29,003
Joined: Jun 20 2007
Gold: 34.51
Oct 14 2022 10:31am
Quote (Bazi @ Oct 14 2022 10:29am)
It’ll come back

I am not even looking at my retirement accounts and not even looking at blood bath that is going on/has gone on there.

Just dca that stuff


Yeah, I'm not worried. Once you hit a certain dollar figure saved with consideration to the future lifestyle you envision yourself in you don't lose as much sleep.
Go Back To Investment & Finance Topic List
Prev1457458459460461751Next
Add Reply New Topic New Poll