Mythz
2022-10-17

It is a happy monday today, stocks have rebounded. However, this does not bring hope to investors as it would end flat or lower by the end of the week.

Recession at this rate is inevitable, worst scenario will be a stagflation by 2023. Many of thestocks have reached a new 52 weeks low and investors are questioning have we reached thebottom? With the rising interest rate and the upcoming 75bps rate, it will not resolve any of the inflation issue and more people like you and me will be badly affected, ranging from dailylife to the commodities that we buy. Our portfolio will be greatly affected too.

In order to survive this tough time, a PUT option can be purchase so that even the stock that we like drops, we still can earn some premium back so that we can re-invest. In addition, ihave added some cash secured puts on the stocks i like so that if it hits the price, i can DCA down. $Nasdaq100 Bull 3X ETF(TQQQ)$$NIO Inc.(NIO)$$AMD(AMD)$

Is chip slump much worse than expected?
Advanced Micro Devices provided 3rd-quarter revenue estimates that were about a billion dollars less than previously forecast... Its shares dropped nearly 14%, dragging down shares of Nvidia and Intel by over 8% and 5% respectively. Is the chip slump much worse than expected? How much will semi stocks continue to fall?
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Comments

  • Jessicadream
    2022-10-18
    Jessicadream
    One day jump can ’t change the trend, be careful in our trade
  • jat
    2022-10-18
    jat
    i felt that it's impt to stay calm in this volatile mkt. in the beginning I'll jump in
    uptrending mkt afraid that i will lose out if i don't buy. now I learnt to watch for news, check then jump [Chuckle]
  • JC888
    2022-10-19
    JC888
    Whahaha, the torrential rain on Monday (17 Oct) was only a passing shower, not the monsoon season rainfall.
    In Chinese believes, water symbolises wealth. Shower is a one off, eeting. Monsoon season is a protracted seasonal occurrence.
    By Tue (ytd 18 Oct), the mood has all but fizzled... Lol
    • JC888ReplyMythz: 
      I feel so too.... Boo hoo hoo
    • Mythz: 
      Today will be a day of red likely
    • JC888ReplyMythz: 
      What do you know, just completed the Rain dance... Let's see if its effective today...
    • Mythz: 
      Lets pray to the rain god for abundance of fall
  • Big Little
    2022-10-18
    Big Little
    OK thanks for the sad reminder
  • zerolih
    2022-10-19
    zerolih
    watchlist were green for a few days, I feel like I'm in bull market already [LOL]
    • Mythz: 
      Beware of bear rally. Play with opportunities carefully
  • Evey77
    2022-10-19
    Evey77
    Let’s see if we finally see some more green days
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