Submitted by MikasalsTheBestWaifu t3_z2fb67 in wallstreetbets
Current positioning on my three largest accounts. This rally is just another bear market rally in my opinion. ~ Max margined short right now. Took over 3k CAD profit on $CMG short since the last post.
TA on VIX, Comparing to the drawdown of 2008, 200-day MA SPY, FED literally saying they want assets to go down, huge rally from ~3490, sentiment, inversion of the yield curve, upcoming recession, risk-free rate changing, etc. leads me to believe we are coming near the end of this bear market rally (and tells me this is just a bear market rally). Nobody can say for sure though. This is a guess that I am personally making a move on.
Watchlist for downside:
$AAPL, $CAT, $TR, $DE, $GS, $DJIA, $NFLX, $CMG, etc.
Will be rotating shorts around to lock in profits, reduce risk, etc.
Will also likely be increasing margin as my positions move in my favor.
This is not financial advice, and I might have a little bit of autism.
BYE_HI_SELL_LOW t1_ixg50zp wrote
“We think using margin reduces risk”
-