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)$
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uptrending mkt afraid that i will lose out if i don't buy. now I learnt to watch for news, check then jump [Chuckle]
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
Bear trap
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