new record for Dow Jones

well since you want to play .. i'll remove my intentional week double down which to ur credit you hedged because that was a hard requirement

so without any unfair short term "wizard" stuff ...


what would you do with 25K?


the TWK Foundation wants to know Originally Posted by The_Waco_Kid

Wait till VM tells he shorted something after it tanked like Netflix. He’s waiting for Apple and Tesla to report earnings next week. He’ll let you know afterwards what he did.

This is a post that would be expected from you. You still don't understand the previous Apple trade mentioned. I already posted a trade that lost money, if you prefer those.

You were the one who asked the initial question how these trades were possible. Ever since, because you think I am a liberal, you stick your head in the sand. If you thought I was a conservative, I wonder what you would be asking and saying.


Getting real tired of your BS.


Just stick to your election fraud thread. You have over 33,000 posts and reside in a Dive Bar.


I have plenty of money. Hope you have some, your Social Security check isn't going to be enough.

... So THAT is the definition of "American whitewash"...
I understand now.

... Support for Biden - that is until the bludger and his poll
numbers begin to CRASH - then it's "I don't care about Biden."

And when the economy tanks and the stock market slips
it's "I'm NOT a Liberal!"

Ye Christ! ... Vita got more colours than a Paris peacock!

#### Salty

... And he got racial slights and insults too!

### Salty

You better explain that


You don't seem to understand rhetorical questions and remarks. If Bambino thought I was a conservative, he would be kissing my ass.


I never gave a shit about Biden. Hope you don't turn into another dipshit like the one who just left the forum.


Now go the grocery and get some shrimp to put on the barbie for the football games tomorrow. Lets' see.....I don't see the Steelers scheduled to play tomorrow.

Lest one think the options market is a huge gaming table for people to enjoy, note that options can be used in a conservative manner to hedge or mitigate risks.

For instance, let's suppose that I am a long-term investor who does not trade often, preferring to load up when the market is fairly valued or undervalued, as it was during the first couple of years following the GFC. When the market is richly priced, as it has been in recent years, I might very much hesitate to sell since the capital gains tax rate is 23.8%.

So I can purchase a little "insurance" in the form of long-dated, deep out-of-the-money put options. Typically, I might annually spend about 0.2 percent of my unrealized capital gain, with the expectation that the overwhelming majority of the options will expire worthless. But the ones that are in-the-money prior to the expiration date pay off big-time.

(Note: The put options need not involve the stocks you own. The idea is to hedge against panicky selloffs and steep cliff-dives, so puts on any stock that would get killed in a bear market are top candidates.)

Think of it like this:

Let's say you own a building and want to lay off the risk of substantial or total loss due to fire or tornado. Thus you may pay something like 0.2 percent of the replacement cost of the building annually in order to insure a risk that you cannot afford to take, or at least would prefer not to take.

One sleeps better at night that way!

. Originally Posted by CaptainMidnight

I've never tried to insure my portfolio. Instead I just sell when I think a position is overvalued. But the puts are not a bad idea.

I've sold futures contracts from time to time to hedge commodities prices, when I want to lock in a price. I bought put options on futures once. I prefer the outright futures because I figure I'm giving some juice to the funds and the market makers and the like when I buy an out-of-the-money put. Or at least the bid/ask spreads often look extreme.

But for what you're doing the puts would make more sense. If your stock portfolio doubles and you're hedged with index futures contracts, you've given away the gain, unless your portfolio outperformed the index.

This is a post that would be expected from you. You still don't understand the previous Apple trade mentioned. I already posted a trade that lost money, if you prefer those.

You were the one who asked the initial question how these trades were possible. Ever since, because you think I am a liberal, you stick your head in the sand. If you thought I was a conservative, I wonder what you would be asking and saying.


Getting real tired of your BS.


Just stick to your election fraud thread. You have over 33,000 posts and reside in a Dive Bar.


I have plenty of money. Hope you have some, your Social Security check isn't going to be enough. Originally Posted by VitaMan

Everyone’s tired of your BS.

if you say so


It's not 33,734 posts of BS.

if you say so


It's not 33,734 posts of BS. Originally Posted by VitaMan

Most of mine are satirical. Yours are 100% bullshit.

Certainly correct about your 1000+ posts discussing election fraud.

Now at least we know about that.


Most of the other 32,000+ posts are just links, which is what a bot does..

Certainly correct about your 1000+ posts discussing election fraud.

Now at least we know about that.


Most of the other 32,000+ posts are just links, which is what a bot does.. Originally Posted by VitaMan

If you say so. Have you shorted Apple or Tesla? Let us know ahead of time. Before you start bragging about your prowess. Hindsight is always 20/20.

You really work hard, but accomplish nothing.


Of course hindsight is always 20/20. When did you hear about that ?

Foresight is not always 20/20. My stock market trades have about a 75% success rate.


You asked a question to start this, it was answered, and you haven't been able to let it go. You really must be interested in my money.


At least you admitted your "proof of election fraud" thread is itself a fraud.

T...because you think I am a liberal.. Originally Posted by VitaMan

Seriously, you think we think you are a liberal?!?

I don't see how the cruise line stocks can go anywhere but down. Could be wrong.