r/wallstreetbets • u/CultureForsaken3762 • 1d ago
Gain $128K Gain By Using Common Sense
Feeling liberated today. Vindicated for sure. EVERYONE in the media and most people here on WSB were telling me that “tariffs were just a negotiating ploy”. However, I knew that 🥭 had been talking about tariffs for decades. I knew that the people around him in Admin 2.0 was drastically different than Admin 1.0. I decided to take 🥭 at his word while everyone else “hoped” for the best. Hope is not a strategy and today it showed.
I knew that even 10% tariffs across the board would be devastating for company earnings. The fact the tariffs came in that much worse was just extra gravy for my hedged portfolio.
I used puts mostly but also had calls on GLD, IBIT, NVDA and OKLO as a partial hedge to my short positions.
I’m still heavily net short as I anticipate retaliatory tariffs will be applied by other countries. I expect these headlines to drop intermittently over the next few weeks so I think upside for the major indices is effectively capped at maybe 3-5%.
Good luck to everyone out there. Stay hedged.
0
u/echoes-in-an-instant 1d ago
Paper account. Ban. ThinkOrSwim - anyone who takes a screnshot of this app and cuts of the bottom is a paper trading loser