It just means that when they finallystop buying semiconductors to fuel datacenters they aren’t even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it’s coming. It feels like soon but don’t make financial decisions based on what some idiot says on the internet.
soxs Is actually traded as a normal stock- they do the shorting for you. But since it’s triple leveraged it’s very risky. If you get it wrong you lose 3x the money of a normal short. If you want to learn how to short normally (single leverage) you can ask gemini, I’ve found it to be pretty good with financial training and explaining the ins and outs of specific trading platforms. But know this. With shorting you can go past zero into debt , as a stock can go up more than 100%, so you can lose more than 100% of your money. It’s not really where you should start as a beginner. Maybe a better way to bet against AI is just to bet on old fashioned value stocks or ones paying big dividends, as they are mostly quite beaten down now.
How do I make money off this?
I want Cassandra levels of fuck you I told you so.
I’m going to give it some thought and then I’ll tell you what I’m going to do.
DO THE OPPOSITE OF THAT.
My decision is 99.99999% guaranteed to be the wrong one. It always is lol
Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.
comments like this inspire me to become financially literate so that i could understand what was said.
Basically you borrow a lot of stocks from someone and sell them directly.
Then you must buy back the same stock in the future and give it back to them (and a bit extra).
If the stock is cheaper in the future then you earn money. If it becomes more expensive you lose money.
This is how stock traders gamble on stocks they don’t own but think will lose value. They will find a way to gamble on everything.
so this SOX thing is an entity that you borrow the stock from?
It just means that when they finallystop buying semiconductors to fuel datacenters they aren’t even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it’s coming. It feels like soon but don’t make financial decisions based on what some idiot says on the internet.
thanks and i’m confused by whatever “SOXS” is/means.
This is probably not a good opportunity for you then. It’s not something a beginner should do. Probably I shouldn’t have brought it up at all.
i wasn’t planning on doing anything besides learning.
SOXS is just the ticker symbol. You type it into a site like Yahoo finance and you can learn about the security or trade it at your brokerage.
How do we short stock for amateurs
soxs Is actually traded as a normal stock- they do the shorting for you. But since it’s triple leveraged it’s very risky. If you get it wrong you lose 3x the money of a normal short. If you want to learn how to short normally (single leverage) you can ask gemini, I’ve found it to be pretty good with financial training and explaining the ins and outs of specific trading platforms. But know this. With shorting you can go past zero into debt , as a stock can go up more than 100%, so you can lose more than 100% of your money. It’s not really where you should start as a beginner. Maybe a better way to bet against AI is just to bet on old fashioned value stocks or ones paying big dividends, as they are mostly quite beaten down now.
These days ChatGPT would respond:
Then you’d need eight more clarifying comments before it “understood” what you were saying. This is because it was trained on reddit text.