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.
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.