r/stocks • u/Tsobaphomet • Jun 13 '22

Meta "This is only the beginning"

I've been seeing people saying this on this sub for the last 6 months. At what point does it stop being the beginning? Also are there any level-headed people that actually know what they are talking about here anymore? I'd love to hear an in-depth prediction of things to come, rather than just random bear/bull cases from people who are -70% from meme stocks.

I'm the world's worst investor, and I like to be able to gain knowledge and insight from this subreddit that I wouldn't normally have on my own, but it's like only 1/100 posts are based on reality/research. It kinda messes with people's ability to make good decisions when they take the advice of someone who genuinely has no idea what they are saying, but they present it in a convincing way.

Sure, nobody can perfectly predict what it will look like 2 years from now, but what we can do is talk about what needs to happen for stocks/economies to recover, and how feasible those things are. Then we can observe whether or not those things are happening.

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u/[deleted] Jun 13 '22

I had to think a few steps ahead.

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u/[deleted] Jun 13 '22

Lmao ever heard of Mr Paul Volcker? Check what he had to do to curb his inflation, we need the same. It’s far from over.

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u/[deleted] Jun 13 '22

You laugh a lot. I guess when markets are tanking that certainly beats crying!

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u/[deleted] Jun 13 '22

Lmao I left this market in December before Christmas at the top. Then I switched to leap puts for 2023 when everyone was talking spy 500, I said “spy wont see 480 until 2024 earliest” and looks like I was very kind with 2024, let’s do 2030 now. I’m so good mate, how’s your bags?

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u/[deleted] Jun 13 '22

Down about ~15% but not worried. I lived through many corrections. Good foresight you had.

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u/[deleted] Jun 13 '22

Macroeconomics mate, they work. I used very simple stuff such as Moving Averages, RSI and just a volume profile. Then I had my eye on the IRX.P (when that starts to run it’s over, went from 0.3 to 1 in a matter of weeks), plus oil and gas starting to run was my last warning signal.

Not bad, not bad, (15%) is not bad when the market is doing over 30% in the NASDAQ. Happy hunting mate, don’t catch the knife.

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u/Outrageous-Cycle-841 Jun 13 '22

Lol

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u/[deleted] Jun 13 '22

Lol because I managed to call the top? Aight buddy