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After Brexit, I waited for the inevitable market overreaction. I took long positions in British ETFs. When the market recovered from the post-Brexit slump, I ma
by yummyfajitas 10y ago
After Brexit, I waited for the inevitable market overreaction. I took long positions in British ETFs. When the market recovered from the post-Brexit slump, I made money.
I'm betting that Trump isn't the disaster that the markets are currently predicting. I plan to do the same thing today.
- chunkyslink 10y agoWould you mind passing on a few links with regard to the trading tools / websites / apps you use to actually trade in the markets? I'm in the uk.
- yummyfajitas 10y agoInteractive brokers, python for data analysis, java for execution. Lots of math which I don't know good introductory material for. But this year has actually been pretty boring. As the markets have gotten more stable, all the quantitative alpha has vanished. My only good trade this year was Brexit.
- icebraining 10y agoDamn, I wanted to do the same, but I only had spare change free. How are you betting against the "Trumpocalypse"? Is there anything more specific than broad market ETFs?
- yummyfajitas 10y agoFor the Trumpocalypse, I'm just carefully timing my purchases of SPY and a couple of others. My general strategy is to accumulate SPY and a few other securities, so in reality I'm just reallocating my broader portfolio in the direction of SPY right now, and moving some purchases from the future to today.
- yummyfajitas 10y agoUpdate: Markets are up, so no alpha for me. Curse you, efficient markets full of traders just as smart as me!
- narrowrail 10y agoIn hindsight, money was to be made in guns, military, refiners, pipelines, and coal. I made good bets on coal and guns for relatively little investment, but missed the others. I did buy cheap puts for a railroad with heavy Mexican market exposure, so I'll see on Fri afternoon when they expire.