Oh so you mean you've never had the money or inclination to invest, just be honest. I have profited way more off the market than I have lost this year. Besides there is a ton of money to be made right now if you know what doors to open.
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I like that thought process (the fact that you identified your stop loss and target entry price). You could also use a married put strategy where you buy 1 put simultaneous for each 100 shares you buy for your downside insurance. I'd probably buy an in-the-money put closer to a front month (i.e. October or November expiration) if I were to do this. I do expect volatility to drop and that the market is currently oversold, but it's just been one hell of a day. I'll be opening new positions before today's close.
I'm taking a gamble that the bail out when approved will directly add a 1.50 to gm's current state. I am also thinking that by December 31st, they will be up over 15. However, like a said, it's a risk, but at the low level of funding, i'm not worried about di.
Ah.
Actually, I think you should try a couple thousand shares of TODE at 3.33 :nod:
Neil Cavuto just had Donald Trump on his show, and he had an interesting take on this. He's rooting for no deal, because it would tank oil prices, which will lead to an overall stronger economy in the longer-term. Oil's already down $10 today.