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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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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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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Anubyss88 t1_ixg4fvo wrote

No longer a millionaire?

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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

2

WetEconomics t1_ixg8rb5 wrote

Replying to MikasalsTheBestWaifu (#627,798)

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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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.

2

Inner_Ad_3804 t1_ixgc2kl wrote

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

5

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

4

Grimbarbs t1_ixgdo1h wrote

market will rip into Jan. ur fucked gg

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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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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 ?

3

adarkuccio t1_ixk5b2r wrote

Oh my God, please don't forget to post loss porn if this goes the way I think it'll go...

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MikasalsTheBestWaifu OP t1_ixktnhf wrote

Replying to DomighedduArrossi (#641,324)

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

2

KingNFA t1_ixq7zsv wrote

Why the fuck are you still in the market 🤦‍♂️

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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.

3

HiddenCloud7 t1_iy98phy wrote

What should I start with using a small account ?

1