How to gamble

Discussion in 'Stocks' started by met1989, Mar 22, 2020.

  1. met1989

    met1989

    They always say ppl made big money when the markets crashed but of I had 1000$ where would u put it to make a 1 million dollars ?
     
  2. Sekiyo

    Sekiyo

    You could have made more than 600,000$ by holding a long OTM put on the SPX but you’re late to the party.

    You can repeat this operation but elsewhere.
    What do you think is fragile enough and is likely to blow up under current conditions ?

    What sectors, businesses, actors are likely to go belly up ?

    Costs going up + Revenue going down ?
    Unlimited downside from cascading effects...
     
    Last edited: Mar 22, 2020
    zghorner and SimpleMeLike like this.
  3. TheBigShort

    TheBigShort

    Holy F#ck you still have $1000?
     
  4. met1989

    met1989

    Hahaha
     
  5. TRS

    TRS

    Long when your system says long and short when it dictates short.
    Rinse and repeat until your arbitrary goal is reached.
     
    tommcginnis likes this.
  6. tommcginnis

    tommcginnis

    "System"?? What? What's a system? Where can I get one? Where can I get one for free? Is it on the web? Where can I find it? Where can I find it for little/no work? How can I make it better? How can I get my $millions tomorrow? Can someone recommend a system to me that reduces the risk of my gamble while raising its return? For free? Now?
     
    TRS, Amatrue and met1989 like this.
  7. ironchef

    ironchef

    You didn't specify the time frame, so just buy the market index, let it compound, reinvest the dividends, I guarantee you, in a 100 year, your grandkids will have $1M.
     
    SimpleMeLike and met1989 like this.
  8. ironchef

    ironchef

    Or, buy TQQQ, wait 10 years get out at the ATH then:

    upload_2020-3-22_7-49-22.png
     
    SimpleMeLike likes this.
  9. met1989

    met1989

    What is this tqqq?
     
  10. "of I had 1000$ where would u put it to make a 1 million dollars" isn't the same as "How to gamble."

    If I wanted to gamble, I'd look for companies that were in trouble pre-COVID, are heavily exposed to COVID, and have lots of debt, then go short with all you've got. Boeing might fit the bill, especially with talk about nationalizing the company.
     
    #10     Mar 22, 2020