All in on TQQQ!

"I Could Lose It All Tomorrow": The Traders Leaning In To Wild Markets

When markets reeled and investors shed trillions of dollars worth of stocks one day in early April, Dan Oksnevad was still piling in on just one bet: bitcoin."It's just a screaming buying opportunity," said Oksnevad, who keeps about 90% of his seven-figure portfolio -- including retirement funds -- in the cryptocurrency and related stocks such as bitcoin buyer Strategy. "I'm running straight into it.". The 37-year-old marketing director didn't mind that the price of bitcoin sank nearly 6% that day, or that he was increasing his exposure to a relatively risky asset during the most significant market meltdown since March 2020. Instead, he focused on the chance of a rebound."That's what I'm after -- making decades of returns in weeks or months," he said. "I truly think volatility is where fortunes are made.". "I think you've got to be aggressive," he said. "When you have such big swings in the market, it's hard to be risk averse.". Wading into markets to "buy the dip" has offered mixed re
"I Could Lose It All Tomorrow": The Traders Leaning In To Wild Markets

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet