Originally posted by scooterscot
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
stock market crash
Collapse
X
Collapse
-
-
Originally posted by TheGreenBastard View PostWhere does the £23K come from in this scenario?
Easy money according to Whorty.
week 1 1,000 9% week 2 1,090 9% week 3 1,188 9% week 4 1,295 9% week 5 1,412 9% week 6 1,539 9% week 7 1,677 9% week 8 1,828 9% week 9 1,993 9% week 10 2,172 9% week 11 2,367 9% week 12 2,580 9% week 13 2,813 9% week 14 3,066 9% week 15 3,342 9% week 16 3,642 9% week 17 3,970 9% week 18 4,328 9% week 19 4,717 9% week 20 5,142 9% week 21 5,604 9% week 22 6,109 9% week 23 6,659 9% week 24 7,258 9% week 25 7,911 9% week 26 8,623 9% week 27 9,399 9% week 28 10,245 9% week 29 11,167 9% week 30 12,172 9% week 31 13,268 9% week 32 14,462 9% week 33 15,763 9% week 34 17,182 9% week 35 18,728 9% week 36 20,414 9% week 37 22,251 9% week 38 24,254 9% week 39 26,437 9% week 40 28,816 9% "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Comment
-
Originally posted by scooterscot View PostOr have I just secured a 300% profit since the lows of 2009?
I'm betting the real answer is no.Comment
-
Originally posted by scooterscot View PostI don't have a crystal ball. The correction began 2018 that much is clear. And now we have a 2-year bearish divergence, that's insane - this downtrend is going to be years in the making. Japan 1988 style. Who know's where the top is. But before you say I'd have missed out on amazing gains, consider this... Selling in 2018, I've currently missed out on a 22% gain. Ouch right? Or have I just secured a 300% profit since the lows of 2009? This is trading, making a profit and keeping it. The majority of folks are unable to do this, it's staggering.
The FTSE 100 has now been trading under the 21-day following a death cross (bear market) back in February - there's no upward opportunity until we enter a bull market.
Yes you can make money in a bear market, very difficult, but possible (as I did with my CNA trade) but you've got to ACT when conditions favour you. Don't let emotions get the better of you. I've been asking myself why I bought back in, pure bravado - just luck I reassessed that and got out.
I'm not being funny or anything but I still don't get how you could be so confident, without a crystal ball, to stick $250k on a put.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
-
Originally posted by scooterscot View PostAre you good at it? Why are you not living in Monaco already?
Using your strategy you could have traded on a small leverage of 3x for a sell Friday high buy the Monday low of around for a 5% difference. In 40 weeks £1000 becomes £23k - you're quids in!
Well done!
In 5 mins you have £1m
Better chance inventing a time machine and going back in time to bet on sports events ...Comment
-
Originally posted by Paralytic View PostOk, tell us, have you? Did you?
I'm betting the real answer is no.
It is public record - cashed in my equities back in late 2018 - it is in this very thread. Around the same time I sold my uk airbnb (dodged a bullet big time).
Search box is above, can't be ar$ed myself."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by jamesbrown View PostYou can probably set that as a default tag on your payments, scootie.I am what I drink, and I'm a bitter manComment
-
Originally posted by DealorNoDeal View Post
I'm not being funny or anything but I still don't get how you could be so confident, without a crystal ball, to stick $250k on a put.
Weighing what is possible against what is probable is like counting cards at the poker table, only I get to see everyone's hand using the charts.
I opened the Put at the same time the 2nd to last candle got printed at the start of July on this 3-month chart below. It was one of a few indicators I used, the Mrs and I discussed and went with it. The blue line is the 12 year moving average, you close under here.... you then automatically know the next couple of years are going to be absolutely awful. Does not matter the market, gold (middle chart) Vodefone (bottom chart) by way of example.
When the FTSE closed under that 12-year moving average I knew something was proper up. The difficult part of this is knowing when to open, it is by no means easy - we're cool until November before it gets irritating.
Here it is on Gold
Here is Vodafone, closing under the 12-year
Last edited by scooterscot; 7 September 2020, 17:30."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by scooterscot View PostReinvest last weekend's gains into the next on a leveraged position. 3% market swing from Friday high to Monday low (5% last weekend), take a 3x leveraged position on any number of platforms out there. Cash out with £28k 40 weeks later having only started with £1k.
Easy money according to Whorty.
You're the one trying to make a living and income out of gambling on the stock markets etc.I am what I drink, and I'm a bitter manComment
Partners
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment