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Old 02-09-2018, 11:27 AM   #641
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Technically he has one.

Someone became president that didn't instantly villanize success and nearly every CEO as he was one, so the market bet on the fact that he might not screw everyone with overregulation.

Turns out, they were right.
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Old 02-09-2018, 11:28 AM   #642
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I have heard that someone 'blew up'

kinda like a Lehman moment
who? wouldn't this be all over the news if true?
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Old 02-09-2018, 11:47 AM   #643
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So I bought SDOW today
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Old 02-09-2018, 11:49 AM   #644
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So I bought SDOW today
lol. A day late and a dollar short, per usual, eh scuddy?
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Old 02-09-2018, 11:55 AM   #645
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So I bought SDOW today
No way, dude. You sold UDOW?
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Old 02-09-2018, 11:57 AM   #646
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we are not out of the woods
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Old 02-09-2018, 12:00 PM   #647
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No way, dude. You sold UDOW?
No.
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Old 02-09-2018, 12:00 PM   #648
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lol. A day late and a dollar short, per usual, eh scuddy?
Tried to hedge a bit.
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Old 02-09-2018, 12:02 PM   #649
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Tried to hedge a bit.
Wait, you own both UDOW and SDOW?
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Old 02-09-2018, 12:04 PM   #650
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Wait, you own both UDOW and SDOW?
Yes. Why would I sell UDOW now at a loss?

I picked up some SDOW to offset. Hoping it’ll move up a bit in the next couple weeks and I can dump it and move the proceeds into UDOW and leave it alone.

I also averaged down on UDOW a bit.
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Old 02-09-2018, 12:33 PM   #651
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Yes. Why would I sell UDOW now at a loss?

I picked up some SDOW to offset. Hoping it’ll move up a bit in the next couple weeks and I can dump it and move the proceeds into UDOW and leave it alone.

I also averaged down on UDOW a bit.


You own both?! WTF is wrong with you?

Hey guys, scud just shared with me his fail safe way to strike it rich in Vegas.



WHAT ABOUT THE ZEROS, SCUD? WHAT ABOUT THE ZEROS?
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Old 02-09-2018, 12:35 PM   #652
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You own both?! WTF is wrong with you?

Hey guys, scud just shared with me his fail safe way to strike it rich in Vegas.



WHAT ABOUT THE ZEROS, SCUD? WHAT ABOUT THE ZEROS?


Did you not read my post or something? You gonna pretend you don’t know what hedging is now?
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Old 02-09-2018, 12:37 PM   #653
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Did you not read my post or something? You gonna pretend you don’t know what hedging is now?
You own both SDOW and UDOW. That's not 'hedging', that's just stupid.
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Old 02-09-2018, 12:42 PM   #654
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You own both SDOW and UDOW. That's not 'hedging', that's just stupid.
So you don’t know what hedging is. I see.

I bought UDOW when the Dow was up. Why the fvck would I sell that now for a loss?

I picked up some SDOW to HEDGE against my losses is UDOW.

As I already explained.

With some luck I will be able to make some money off the SDOW in the interim.
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Old 02-09-2018, 12:43 PM   #655
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You own both SDOW and UDOW. That's not 'hedging', that's just stupid.
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Old 02-09-2018, 12:46 PM   #656
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So I should have sold UDOW at a loss
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Old 02-09-2018, 01:00 PM   #657
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I bought UDOW when the Dow was up. Why the fvck would I sell that now for a loss?
uh, how about because you realize it was a stupid investment and it's smarter to put that money into something that will actually go up in value?

You familiar with the term 'cut your losses'? Do you know what 'opportunity cost' means? Do you understand that it's probably smarter to take a $10 loss so that you can reap a $100 upside?

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Old 02-09-2018, 01:08 PM   #658
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So I should have sold UDOW at a loss


aren't you the proprietor of a business? I'm at a loss for words here. I knew you were dumb, but Jesus dude....
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Old 02-09-2018, 01:09 PM   #659
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uh, how about because you realize it was a stupid investment and it's smarter to put that money into something that will actually go up in value?

You familiar with the term 'cut your losses'? Do you know what 'opportunity cost' means? Do you understand that it's probably smarter to take a $10 loss so that you can reap a $100 upside?

I’m not a day trader. I still plan to be long on UDOW. I’m pretty comfortable with my position and it’s only a few bucks anyway.

Your roulette example is also a poor one since I’d have to sell both simultaneously in order for that to apply.
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Old 02-09-2018, 01:10 PM   #660
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aren't you the proprietor of a business? I'm at a loss for words here. I knew you were dumb, but Jesus dude....
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Old 02-09-2018, 01:11 PM   #661
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So you don’t know what hedging is. I see.

I bought UDOW when the Dow was up. Why the fvck would I sell that now for a loss?

I picked up some SDOW to HEDGE against my losses is UDOW.

As I already explained.

With some luck I will be able to make some money off the SDOW in the interim.
I just hope Moose doesn't understand the stock market enough to know what you've done. He'll never let you live that one down.
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Old 02-09-2018, 01:13 PM   #662
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I just hope Moose doesn't understand the stock market enough to know what you've done. He'll never let you live that one down.


It’ll be just fine. Again, I wasn’t going to ‘cut my losses’ on UDOW.

Did you get out?
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Old 02-09-2018, 01:23 PM   #663
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It’ll be just fine. Again, I wasn’t going to ‘cut my losses’ on UDOW.

Did you get out?
No, I won't sell it without a profit.
I'll buy a little at every $10 drop. I bought more at $87 and I had a limit set to buy more at $77 today, but it didn't hit it.
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Old 02-09-2018, 01:34 PM   #664
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No, I won't sell it without a profit.
I'll buy a little at every $10 drop. I bought more at $87 and I had a limit set to buy more at $77 today, but it didn't hit it.
Yea, that’s my plan as well, and why I added some SDOW for the way down. I averaged down a little on UDOW too.
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Old 02-09-2018, 01:36 PM   #665
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Maybe there is an arbitrage between UDOW and SDOW


Better yet maybe I can run a straddle on this

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Old 02-09-2018, 01:40 PM   #666
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Your roulette example is also a poor one since I’d have to sell both simultaneously in order for that to apply.
congrats, you have two chips on red and one chip on black (FOR HEDGING!)
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Old 02-09-2018, 01:45 PM   #667
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congrats, you have two chips on red and one chip on black (FOR HEDGING!)
Now you’re getting warmer
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Old 02-09-2018, 01:53 PM   #668
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Ask Scud who he bet on in the Mayweather vs Mcgregor fight, and Scud says "both".

Sorry, dude, I couldn't resist.

Edit, that's actually a bad example, because in a fight they both don't have the same odds.
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Old 02-09-2018, 01:54 PM   #669
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Ask Scud who he bet on in the Mayweather vs Mcgregor fight, and Scud says "both".

Sorry, dude, I couldn't resist.

Edit, that's actually a bad example, because in a fight they both don't have the same odds.
WHAT ABOUT THE ZEROS, SCUD!

LMAO, what a retard. That f@g should just stick his money in a bank and leave it alone.
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Old 02-09-2018, 01:55 PM   #670
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You own both SDOW and UDOW. That's not 'hedging', that's just stupid.


Scud is losing money holding both due to the internal expenses (they're high, and the way the futures trade it's not one-for-one tracking on the DOW)



Dude, get flat instead of wasting money on "hedging."
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Old 02-09-2018, 02:01 PM   #671
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Ask Scud who he bet on in the Mayweather vs Mcgregor fight, and Scud says "both".

Sorry, dude, I couldn't resist.

Edit, that's actually a bad example, because in a fight they both don't have the same odds.
You’re buying UDOW on the way down

If it plays out like you hope, I still come out on top. You’re doing the same thing I am without the opportunity to make anything on the way down.
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Old 02-09-2018, 02:07 PM   #672
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You’re buying UDOW on the way down

If it plays out like you hope, I still come out on top. You’re doing the same thing I am without the opportunity to make anything on the way down.



Let me put it a different way: you shouldn't ever own both.
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Old 02-09-2018, 02:10 PM   #673
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Let me put it a different way: you shouldn't ever own both.
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Old 02-09-2018, 02:11 PM   #674
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Old 02-09-2018, 02:12 PM   #675
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Hey, my portfolio is up 120% since I started playing around in the market. I'm allowed to be dumb here and there
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Old 02-09-2018, 02:15 PM   #676
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You’re buying UDOW on the way down

If it plays out like you hope, I still come out on top. You’re doing the same thing I am without the opportunity to make anything on the way down.
Dude, you know better than this.

If it plays out like I hope, it will go back up to $116 and beyond.
If it goes up to $116, I'll make the profit off my $87 buy and my $102 one, while you'll still be stuck near where you are the same losing place.

The only way you can beat me is if the DOW goes down and never comes back, then I lost and you didn't make much, because your UDOW is working against your SDOW.
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Old 02-09-2018, 02:17 PM   #677
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Dude, you know better than this.

If it plays out like I hope, it will go back up to $116 and beyond.
If it goes up to $116, I'll make the profit off my $87 buy and my $102 one, while you'll still be stuck near where you are the same losing place.

The only way you can beat me is if the DOW goes down and never comes back, then I lost and you didn't make much, because your UDOW is working against your SDOW.
No, if UDOW continues to fall, and I get out of SDOW ahead, I beat you when UDOW comes back. (and we both win)
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Old 02-09-2018, 02:24 PM   #678
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Hey, my portfolio is up 120% since I started playing around in the market. I'm allowed to be dumb here and there
LOL, all that proves is that you're lucky. If you think holding both UDOW and SDOW is 'hedging', then you really have no business in the market at all.
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Old 02-09-2018, 02:26 PM   #679
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LOL, all that proves is that you're lucky. If you think holding both UDOW and SDOW is 'hedging', then you really have no business in the market at all.
Oh yea, mostly luck for sure.
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Old 02-09-2018, 02:52 PM   #680
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LOL, all that proves is that you're lucky. If you think holding both UDOW and SDOW is 'hedging', then you really have no business in the market at all.
To be fair though, it’s essentially the definition of hedging.

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Technically, to hedge you would invest in two securities with negative correlations.
https://www.investopedia.com/article.../03/080103.asp
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