There's no reason you couldn't legally "short" a car though, or anything else. In fact it kind of happens all the time, when you order something to be delivered at a later date.
You can buy put options, in which you're only risking the premium on the option itself. Though I don't use etrade so idk if they allow you to trade options
How I did it, I had to have something like double what I was "holding" held by the trading firm in case it went sideways, each time. I didn't use leverage, because that was too much risk.
I was just so sure Netflix and Moderna would flop hard. Mastercard, I only made a few % but I did that one out of spite.
Moderna was 211 -> 149
Netflix was whatever price it was at when Cramer said to buy it and I closed it after their earnings report a few days ago. I held it open over earnings purely because the normies in my family canceled Netflix. Lucky I did.
Unfortunately, I put the profit into Petrobras and that's gone downhill since.
Might I ask what motivated you to take the leap of faith with Petrobrás? Was it the change of administration in the Brazilian government? I mean, Petrobrás' management did improve leaps and bounds and it's no longer a Soviet 100% controlled by the Labor Party's appointees, but it's never gonna be a serious competitive company while it's still mostly owned by the Brazilian state.
The dividend yield was good and I wasn't feeling great about adding more to Microsoft like I usually would. I definitely wanted more exposure to oil so I chose from a few options.
I could have gone for Eni, BP or Shell but I decided against those. Europe is unlikely to be a good place to invest. Exxon Mobil was a possibility but I haven't had a good history investing in it.
I thought about following Warren Buffett into Chevron and Occidental, but I decided on Petrobras for the dividend yield as I plan to hold long term. In hindsight, it had more to fall than I expected. I bought in a little after the ex-dividend date for the price drop that comes from that, but it has followed the rest of the market downwards.
Still a long time left in this year to turn it around. Despite some questionable moves, I'm still beating the indexes and that shitty feminist SHE ETF this year.
Really, that's all I want to do this year. It's a clear bear market, but if I beat the indexes and that virtue signal crap, I'll be happy even when I'm losing.
Thank you for the detailed answer. I don't know shit about the stock market though. It's just that Petrobrás' situation has been a hotly debated issue in Brazil for the last few years (and one directly tied to politics). I was just surprised to see a foreigner completely disconnected from local politics investing in it (even though I know there are countless foreign shareholders). Pretty to see you talk about this subject too, you seem like you know your shit.
What about shorting companies you don't like? I did pretty well off it.
Fuck Moderna, fuck Mastercard, fuck Netflix.
There's no reason you couldn't legally "short" a car though, or anything else. In fact it kind of happens all the time, when you order something to be delivered at a later date.
You can buy put options, in which you're only risking the premium on the option itself. Though I don't use etrade so idk if they allow you to trade options
How I did it, I had to have something like double what I was "holding" held by the trading firm in case it went sideways, each time. I didn't use leverage, because that was too much risk.
I was just so sure Netflix and Moderna would flop hard. Mastercard, I only made a few % but I did that one out of spite.
Moderna was 211 -> 149
Netflix was whatever price it was at when Cramer said to buy it and I closed it after their earnings report a few days ago. I held it open over earnings purely because the normies in my family canceled Netflix. Lucky I did.
Unfortunately, I put the profit into Petrobras and that's gone downhill since.
Might I ask what motivated you to take the leap of faith with Petrobrás? Was it the change of administration in the Brazilian government? I mean, Petrobrás' management did improve leaps and bounds and it's no longer a Soviet 100% controlled by the Labor Party's appointees, but it's never gonna be a serious competitive company while it's still mostly owned by the Brazilian state.
The dividend yield was good and I wasn't feeling great about adding more to Microsoft like I usually would. I definitely wanted more exposure to oil so I chose from a few options.
I could have gone for Eni, BP or Shell but I decided against those. Europe is unlikely to be a good place to invest. Exxon Mobil was a possibility but I haven't had a good history investing in it.
I thought about following Warren Buffett into Chevron and Occidental, but I decided on Petrobras for the dividend yield as I plan to hold long term. In hindsight, it had more to fall than I expected. I bought in a little after the ex-dividend date for the price drop that comes from that, but it has followed the rest of the market downwards.
Still a long time left in this year to turn it around. Despite some questionable moves, I'm still beating the indexes and that shitty feminist SHE ETF this year.
Really, that's all I want to do this year. It's a clear bear market, but if I beat the indexes and that virtue signal crap, I'll be happy even when I'm losing.
Thank you for the detailed answer. I don't know shit about the stock market though. It's just that Petrobrás' situation has been a hotly debated issue in Brazil for the last few years (and one directly tied to politics). I was just surprised to see a foreigner completely disconnected from local politics investing in it (even though I know there are countless foreign shareholders). Pretty to see you talk about this subject too, you seem like you know your shit.
We like the stock!
Well the market does tend to bounce back. But I also wouldn’t suggest you put in money you aren’t fine with losing either
I think we need to create our own hedge funds to prop up businesses that support us.
Do we even have any publicly listed businesses that support us? The best you can hope for is not being part of the enemy.