Peter Vivas

I decided not to sell my 11 shares of FNGD at a 40% profit. I'm worried about potentially missing out on future gains if the market declines in 2023. I believe the market will perform worse in 2022 due to factors like higher costs for commodities/housing, credit shortages, and reduced demand leading to falling asset prices. Plus, rising interest rates as the Fed tries to reduce annual inflation to 2%.

To take advantage of these market conditions, I plan to adopt short positions on stocks and only buy long positions when the price seems like a clear bargain. For example, I might buy Meta at $90 if it falls to $80, and also purchase SQQQ around $45-50 and FNGD at around $57. This strategy involves "double dipping," or buying good stocks at low prices with the expectation of price increases, and also taking advantage of poor market conditions in the tech sector (highest market cap) with triple leveraged short stock positions.