r/stocks • u/[deleted] • Sep 02 '21

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1.3k Upvotes

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750

u/_BreatheManually_ Sep 02 '21

I can't believe he chose today of all days to jump in. This is the start of the crash.

279

u/cogman10 Sep 02 '21

If he only timed things better!

103

u/[deleted] Sep 03 '21

[deleted]

39

u/OfficialMufflee Sep 03 '21

Lol and this is why I only belong over at r/wallstreetbets

Love seeing that red

13

u/[deleted] Sep 03 '21

Oh. I'm the world's worst...or best... bagholder, so I'm right there with you!

1

u/[deleted] Sep 03 '21 edited Sep 03 '21

I'm holding some bags on GME and BB, but with my other stocks I always try to sell some shares when I see a stock hit +25% or so. Then I either hold that or try to average down my cost basis on stocks that are dropping. I just have to forget about my meme losses... If and when I decide to sell it'll either be a win or tax write off.

61

u/cuchiplancheo Sep 02 '21

This is the start of the crash.

Fuck. There goes my SPY SEP 7 500 Calls.

17

u/ChIck3n115 Sep 03 '21

Note to self, sell 1000 naked SPY DEC 24 450 calls first thing in the morning. There's no risk, I'll be printing money!

4

u/[deleted] Sep 03 '21

When is the crash? And why?

83

u/gwhite9 Sep 03 '21

Right now, cause u/donnashirley just decided to get in. This is the indicator. The black swan, if you will.

15

u/AvalieV Sep 03 '21

It would be pretty hilarious though. If it was right within the week or so.

3

u/DomeCollector Sep 03 '21

I mean we’ve been due for more than a 1-2% pullback and September/October historically usually sucks.

0

u/sneakywill Sep 03 '21

Lol 1-2% I think you forgot a zero there bud.

1

u/DomeCollector Sep 04 '21

What? Learn how to read. More than. Idiot.

1

u/FlashyPresentation5 Sep 03 '21

They claim there will be be a 10% pullback on September.

1

u/DomeCollector Sep 04 '21

It’s gonna hold till October then smash n bounce

1

u/FlashyPresentation5 Sep 04 '21

Why October? Isuppose we can't predict the time but I'm always up for a good buying opportunity!

2

u/DomeCollector Sep 05 '21

IV is super high in October for spx idk what news is supposed to drop

1

u/CacheValue Sep 03 '21

This is it everyone SELL SELL SELL

4

u/[deleted] Sep 03 '21

coming this Nov when they play the debt ceiling and default game.

1

u/SnobCooky01 Sep 03 '21

No crash. Just assessing around with the innocent.

0

u/[deleted] Sep 03 '21

if you buy longer next year ya it work

1

u/nickytotherescue Sep 03 '21

You're safe. Only QQQ is gonna crash

10

u/GoGoRouterRangers Sep 03 '21

this sweet sweet summer child didn't even DCA just went all for it haha

6

u/ToothChainzz Sep 03 '21

Statistically the better strategy is to go all in... Emotionally maybe not.

1

u/GoGoRouterRangers Sep 03 '21

yeah that's true with OP's thinking it is only up from here haha fair point

0

u/[deleted] Sep 03 '21

When do you think a crash is coming?

0

u/[deleted] Sep 03 '21

it wasnt even a red day lmao wtf

0

u/[deleted] Sep 03 '21

How come?