I WOKE UP TO 50k IN MY ACCOUNT WHAT NOW?
Hello,
Due to market turmoil and hospitals scrambling for answers.. my father (CEO of a top Healthcare system) has deposited $50,000 for me to trade at my discretion. (For fun)
Does anyone have insight besides buying key stocks at a low price? I.e. Airlines, Oil, ETC.
When do we know the market is low? What are your predictions moving forward?
Thank you,
Trustfunded
Bank stocks
Second this. Regional banks have been resilient to this point and the speculation of high level of M&A in the space to compete with the universals has not followed through to this point (outside of Truist). With banks getting smacked The past two weeks, would look to buy take out candidates
Absolutely, I'm looking at Citizens Financial Group (CFG) - they are big in the New England space and are trading at a P/B of like 0.5- I can totally see JPM scooping this up as they are trying to enter the region and expand nationwide. Plus the bank has a strong div yield
100% in SPXL
Actually?
wish I took the advice
Time to be shorting opposed to going long, no cataylst of any kind. corona numbers keep growing, any long position you take other than a directional etf or VIX related product likely won't generate a return at the moment.
Thank you for your reply, / Is there a flaw to the notion that taking a sizable position on airlines is a good idea? Knowing that it's a national security issue and if needed they would be bailed out? Im looking longterm... I am cognisant about the money however not afraid to loose it so any more bullish options welcome.
Theres nothing wrong with seeking an oppurtunity, but its just early. CDC isn't fully contained yet and it could be found that airlines help spread disease similar to that of cruise ships. --With trump being slow to act and him issuing a travel ban, he hasn't given any reliable sign that its the last one that he'll give. --Warmer temperature is thought to help kill or slow the virus we have to wait and see. Argentina is a warm country and its still there so.
Also when it does come to pass we could very well have corporate earnings disaster from this. --We don't know the extinct that the Oil and Gas industry will be hurt from this, the CLO companies that are exposed and create a credit crunch.
I'm by no means an expert but to play devils advocate... airline industry is characterised by a broadly homogenous service, high % of fixed costs, large capex spend eating into their FCF, huge swing factors outside their control (fuel price), and an increasingly competitive industry (legroom has shrunk dramatically to fit more people in, online price comparison websites have given consumers full transparency so pricing is v competitive etc).
If you really are looking long term (+3 year horizon), you probably shouldn't be looking at anything related to COVID whatsoever... ask yourself *is this a good company with attractive characteristics? *
COVID might lead to a good short term play for airlines but I would argue nothing long term.
+1
What is your opinion?
don't you think all the corona numbers are priced in though?
Don't take any big positions in anything just yet. Deploy it slowly for the next few months at whatever you choose to invest in. You wanna have a sizable position for when the markets rebound, but doing it all at once poses a huge timing risk.
daytrade bond futures...this is a chance to learn how to trade volatility
How do I start trading for beginners? What's the best way to learn about trading strategies?
50k isn't enough to buy a business...i get that its a lot of money when you have zero....but any business worth buying will cost millions. less than that, and either the business is shit and not worth anything...or its a big gamble that it might be worth zero, or it might be worth something.
thats why you can't just buy an asset and hold onto it.
however, 50k is enough money to daytrade with...and for your size (50k) futures have good liquidity and volatility. i would recommend trading a 1 lot of classic 30yr bond future (ticker: ZB). That will be the equiv of 150k of US Treasuries...which is about the right amount of leverage for 50k account. I suggest using an Interactive Brokers account for trading, and SierraChart for your chart. TD Ameritrade with ThinkOrSwim platform is also a decent platform. Has lots of nice features...not perfect...but good for retail.
start exploring bollinger bands with 5 min, 15min and various periods (i like 60) and 3 st.devs. look at many timeframes and see how ZB behaves vs ES and USD/JPY
Lol
hahaha dont do him like that
Find underpriced businesses buy in for the long run. do your research, come up with a bull/bear thesis, and make an informed trade. monitor and adjust your thesis as things evolve. even if you’re not afraid of losing daddy’s money you should act like it’s the last money you’ll ever get. otherwise you’ll end up trading recklessly. don’t piss away the opportunity.
Today's spike created a great opportunity to buy some puts on nearly anything (just buy SPY puts). Shit's going to get much worse before it gets better.
Buy some puts on healthcare stocks in case Bernie takes your dad to the cleaners.
just wait
just wait
.
You must have a pretty awesome Dad because I remember you said you received $100,000 before too.
Hes fun...
I propose that we partner to start a company
I am sure that this would be a better learning experience than gambling in the stock market (if you have not already lost money gambling)
msg me
k
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