FEW MILLION DOLLAR SHORT POSITION ON MARGIN. UPDATED POSITIONING.

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.

https://preview.redd.it/ja0k2nt9nm1a1.png?width=483&format=png&auto=webp&s=84bf61cf20a4fe8b45faa09a5f1a459479abd7bd

https://preview.redd.it/079ov5tanm1a1.png?width=521&format=png&auto=webp&s=6dc270fcdf924907c5288884572528dcfbb0ec48

https://preview.redd.it/rgc4qbqbnm1a1.png?width=546&format=png&auto=webp&s=a763b930886e75bea17c4ca52beeadf7fc44911c

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Comments

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VisualMod t1_ixg47sk wrote

>I don't really understand what you're trying to say here. Could you explain it in simpler terms?

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Turkaturkaturka14 t1_ixg5avc wrote

stonks won't keep going up. He think they go down. make lots of money If they do. If not he works McDonalds drive through

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MikasalsTheBestWaifu OP t1_ixg5ju1 wrote

If stonks go up it's over for me img

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WetEconomics t1_ixg67u1 wrote

Apple was a solid choice. Wouldn’t agree on Cat.

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MikasalsTheBestWaifu OP t1_ixg6dow wrote

Would love to hear your reasoning! I'm all ears!

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WetEconomics t1_ixg8rb5 wrote

Apple only generates free cash flow from its Apple store through subscription services and in app purchases. iPhone as a stand alone product is grossly over saturated in inventory with more aging device models being phased out from updates rendering customer devices unusable and unsellable potentially turning those customers to more affordable non-Apple devices. With an already dwindled supply of fresh iPhone models a costly bottlenecking issue with revenue growth will slowly force Apple executives to cut into the free cash flow generated from their main down lines, they’ll take their profits before investors get their cut. (Never be Bullish on waste).

All industry’s require a big truck. All of them. I have a toddler who plays with trucks and model CAT tractors and as long as they make the small version they will make the big version.

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neothedreamer t1_ixgallg wrote

Cat is hitting the same resistance is has 2x in the last year plus. When the bear rally stalls Cat is coming back down.

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KiloSpec t1_ixg4dni wrote

He’s probably telling you to look at litecoin

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anygal t1_ixgz4i5 wrote

You will lose your whole networth if you continue gambling like this. Then you will hate yourself through your whole life.

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MikasalsTheBestWaifu OP t1_ixkss7x wrote

Perhaps. Basic probability tells me I'll blow my portfolio up if I keep doing this. But I have an end goal in mind, and I am very close to it.

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anygal t1_ixl6yr2 wrote

You are very close to your endgoal you say. Then why don't you play it safe instead of gambling your whole networth?

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MikasalsTheBestWaifu OP t1_ixl8l4y wrote

By close to it I mean in terms of #of big moves, not in terms of $ value.

A few more good moves and money will never be an issue again hopefully.

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Realdavidlima t1_iy1ud6q wrote

It can already never be an issue again if you use it correctly. Anyone who claims they would be ok seeing a million go down the drain deserves to lose it.

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Grimbarbs t1_ixgdo1h wrote

market will rip into Jan. ur fucked gg

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MikasalsTheBestWaifu OP t1_ixkt1vt wrote

I am comfortable with how I am positioned right now. I think it will work out tbh.

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Inner_Ad_3804 t1_ixgc2kl wrote

Your appl shorts may pay big in the am with the protest at Foxconn going mainstream.

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KoGamer01 t1_ixgdfz0 wrote

Apple at 150 is a joke, I shoulda bought puts close to close today but I’m already down 90% this month due to this bullshit rally

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MikasalsTheBestWaifu OP t1_ixksvrz wrote

90% DOWN IN A MONTH?? BRO. Everything okay??

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KoGamer01 t1_ixkxunr wrote

Funny part is that 90% was made this year so it’s more of a refund than actually losing my own money.

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MikasalsTheBestWaifu OP t1_ixky4om wrote

Dude. You gotta learn how to play both sides else you'll get burned. Don't be a perma-bull or a perma-bear. Go wherever the money is.

How much did you lose? Will everything work out okay?

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Various-Maintenance7 t1_ixgf99k wrote

what we thinking for AAPL puts everyone ?

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MikasalsTheBestWaifu OP t1_ixkt3k2 wrote

I rarely use puts. Didn't have much success with options. Had a lot more success with shares only + margin.

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DomighedduArrossi t1_ixjyd6q wrote

I value and respect your insights. How do you see oil stocks like OXY, DVN, EOG etc progressing over the next winter months ?

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MikasalsTheBestWaifu OP t1_ixktnhf wrote

Thank you Chad.

If I had to guess, I would guess down because of all the manipulation that goes behind the scenes + divergence between oil companies & oil futures, upcoming recession, etc.

But I would like to make it clear that I don't have much experience trading commodities. Not financial advice!

Good luck brotherimg

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DomighedduArrossi t1_ixm0239 wrote

Thank you, it’s indeed a complete stall right now, very difficult to dissect and interpret...

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MikasalsTheBestWaifu OP t1_iy4f672 wrote

Covered 3000 Netflix for ~$55k CAD gain.

Entered CMG short again.

Started $DE short position.

Increased $CAT short position.

Holding everything else as is.

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AlexisAM_ t1_ixg5j0d wrote

Dude this is pure greed you could just leave to the thirld world, buy some bonds and get a remote job while living way above average just on bonds interests but wish you luck img

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yazzooClay t1_ixgbiwf wrote

These are some bold plays indeed. I also thought about CAT. But I was not sure how government spending on infrastructure would play into the equation. Fortune favors the bold I would say, good luck.

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VisualMod t1_ixg47e8 wrote

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>TL;DR: I'm shorting because I think this is a bear market rally.

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HiddenCloud7 t1_iy98phy wrote

What should I start with using a small account ?

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