SPY is a fund — it is not the index itself. Abner outperformed the fund, but not the index itself. Fund managers that benchmark themselves to the S&P 500 don’t compare themselves to SPY, they use SPX.

Yes, market timing can lead to outperformance. Baxter outperformed the market using market timing. Market timing is defined as the short-term deviations in current asset allocation positions vs the target long-term asset allocation strategy (or the benchmark asset allocation strategy). In Abner’s case, he temporarily went from 100% equities to 100% cash, then back to 100% equities. He could’ve gone 50/50 equities/cash then back 100% equities, and he still would’ve outperformed the market albeit at a lesser degree. Going overweight one asset class and underweight another is market timing.

Leveraging and deleveraging at the right time technically led to outperformance, but some professional fund managers wouldn’t advertise themselves as market beaters if they used leverage. Some fund however argue that the use of leverage is just another form of market timing. The use of leverage just leads to an asset exposure level that is higher than what a long-term asset allocation strategy would typically allow (ex: going 2x leveraged in SPY allows one to be 200% allocated in equities vs the long-term strategy of “only” 100%).

Really tho, market outperformance — or more correctly, benchmark outperformance — can be achieved through either market timing and/or active security selection. The latter is sometimes referred as stock picking. If John’s benchmark is the US total market (Russell 3000), but John only holds positions in AAPL and MSFT 50/50, then John can be defined as a person who is waaaaay overweight in AAPL and MSFT, and underweight everything else relative to the Russell 3000. The difference between market timing and active security selection is that the former is deviations of allocations among different asset classes relative to the long-term asset allocation strategy. Security selection on the other hand is the deviation of allocations of the different securities within one asset class relative, of course, to the benchmark of the asset class.

One can use both market timing and active security selection simultaneously — most professional multi-asset fund managers that i know and have worked with do. Or you can just use one of them. For example, i personally don’t time the market in my 60/40 portfolio, but i engage in 100% active selection in the fixed income portion of my portfolio, while 90% of my equities is in an index fund, while the rest is in active selection.

How hard is it to beat the market? One can beat the market by being lucky. Is this hard? Not really. But how hard is it to beat the market consistently? Very hard. Some would say impossible.

It kind of sucks how well AAPL and MSFT have held up. I would really like to put some money into the market and i pretty much focus on investing in the big five. Google, FB, MSFT, AAPL and AMZN.

I do like GOOG the best of the group by far. But I am getting to a point where I have too much GOOG compared to the others.

I would love to add to my AAPL position but hate how expensive Apple continues to be.

AAPL

AAPL is this sub's darling and it sues for literally everything and anything.

So, what, suing is good? Is that that the takeaway?

He is also shorting aapl. I’m long and not that smart. We shall see.

• 0.1% (I was surprised to see it today). Mostly blue chip tech stocks, and some unprofitable companies with big potential.

AMZN, MSFT, GOOGL, AAPL, AMD, HCP, RKLB. They did take a huge dive.

But I DCA’d down hard during the last month or so, doubling down spending most of my cash reserves. I don’t expect my portfolio to stay in the green for awhile though, but I like my cost basis these days.

Aapl msft amzn

Depends on what I look at. If I look at my personal portfolio that was heavily invested in tech (PYPL/AAPL/GOOG/FB/AMD/TSM/etc) I'm around -55%

All 6/3: TSLA 700P, AMC 15C, GME 135C, SPY 415C and 405P, AAPL 160C & 140P. Idk why I can't hold cash as a position. Lol

Ticker symbol. It’s the letters that we look up to see information about the stock/fund. For example, apple’s ticker symbol is AAPL. Google ”AAPL” and watch what happens

Yeah AAPL and DIS took my money today mostly apple. Heat gave back about half.

Let's go baby!!! Get that money. Grats on money line. Plenty happy with my spread bet. Shit got hairy there in the 4th.

(still down slightly today, fucking AAPL puts)

Stop daytrading.

Look, $3,500 out of $30,000 is 12%.

You could have bought AAPL long calls for July last week during the dip and made 20-70% today.

Don't fuck with daytrading. It's not just a bad idea but a tragically terrible one. It makes no sense and is extremely dependent on thing you cannot control with zero time to right size and correct.

I won't say that there aren't people who do it well. What I will say is that most humans are not built to do it well. It's just stupid for most. Take it as a...

"If you have to ask..."

Long term hold and bought more TSLA, AAPL, and SPY toward the dip.

Buy $AAPL and forget it.

at one point my AAPL puts was worth 1600 now its -200

So many people in this sub only started investing in the past 2 years, and I feel like a grizzled veteran who started investing at 19 thirteen years ago. It's crazy to see the cost basis of my first shares of VTSAX back then. I'm a boglehead through and through. I don't care to buy individual stocks outside of MSFT, GOOG, AAPL and all the large tech giants that have a huge moat. Everything I buy - within my 401k/IRA/brokerage - is like 90% VTSAX or the Fidelity equivalent. People are trying to strike it rich when there's nothing wrong with getting an 8% yoy for 30 years.

AAPL 1/20/23 leaps OI:

140c ~ 18,000

140p ~ 30,000

something to keep tabs on

Just giving you a hard time, I expect a lot of continued volatility in the coming months.

Retirement accounts are S&P500 index funds.

After-tax investment account: AMZN, FB, GOOG AAPL. Opened these early this week, and will probably close out at least 50% before the next FOMC meeting. I'm typically too dumb to make money off of holding anything except just holding VOO or VTI, but I'm hoping for a least a short-term bump in big tech.

Oh yeah, some BTC for the chaos hedge.

I normally open short puts on AAPL when its IV is up, but IV fell close to the monthly low today and I think its resiliency makes it more prone to a significant re-rating if we get another sharp sell off. I like your idea for ARKK puts. Only thing that worries me about ARKK is that it's the exact opposite of Apple in that markets have not been kind to growth tech, so I wonder how much lower it can go. There were a few days these past two weeks when ARKK would actually hold its own while all other major indices plummeted.

Epic thrice a year idiotic all around pump just to attempt an AAPL close above 150 & they still couldn’t do it😂

GG🍻🦘

#Ban Bet Won

/u/nthndgrt (1W/5L) made a bet that AAPL would go to 150.0 when it was 139.75 and it did, congrats autist.

Thanks for the reply. I guess I should have stipulated that the call I sold was expiring in less than 5 days and way out of the money. I can see being bullish and buying a call reasonably close to ITM hoping it runs past the strike. But way out of the money seems like a poor bet. As it turns out AAPl did hit 149 but after that move what are the chances it keeps going? As it turns out I was wrong so I guess that answers my question.

>diversified
>
>It’s 500 very large American companies.

25% of it is 6 tech companies.

https://www.investopedia.com/ask/answers/08/find-stocks-in-sp500.asp

Apple (AAPL): 7.14%

Microsoft (MSFT): 6.1%

Amazon (AMZN): 3.8%

Tesla (TSLA): 2.5%

Alphabet Class A (GOOGL): 2.2%

Alphabet Class C (GOOG): 2.1%

NVIDIA Corporation (NVDA): 1.8%

If there's any risk of index investing strategy, it's that the index itself might be flawed. Counter argument: It's always been this way, and hasn't suffered from companies rising and falling from the top -- in the 2000's it was heavily weighted by industrial conglomerates: Cisco, Exxon, General Electric, and Intel were 18% of the index. The fact that none of them stayed at the top since then (MSFT dropped and recovered) didn't result in disaster. (Mind, the 2000-2014 period wasn't great)

A very basic question: I'm getting started with the Wheel strategy (mostly covered calls) on AAPL which I've owned for years and some energy stocks (Cash secured Puts) that I'm fine with owning. A hell of a week to get started with AAPL up huge. Closed out my Call before it hit the strike price today. Anyway, big picture I can easily see who's on the other side of the trade when I sell a put. Anyone wanting to insure themselves against a down side move. What is not clear to me is who is on the other side of the covered calls I'm selling. I suppose someone shorting the stock would want that contract to insure against a big upside move but is there anyone else who's buying? There can't be that many people short AAPL that are buying all the covered calls that are selling. Or is it traders executing more complex strategies that are buying them up? Thanks

aapl calls for the 1000% day

If I was only invested in AAPL I would still be down but I would spend a lot less time crying and a lot more time doing whatever people do when they aren't crying.

Warren Buffet (and other investors) have on multiple occasions held their buying of companies to just under 10% because there is additional mandatory reporting needed when you own 10% or more.

OFC that doesn't include all the sketchy things and complex options available to wall street types be it owning shares personally and through proxy companies or friends like Elon is doing with Twitters, owning shares via total return swaps like how Bill Hwang had the big banks hold shares on behalf of his family office, owning both shares with additional exposure via options+companies+ETF like owning AAPL shares with BRK-A with MGK etf plus LEAPs on AAPL, and that's before mixing up those methods with ones I haven't even mentioned.

TL;DR Buffett can push prices up buying a stock both when buying directly increasing the price and also from those who watch volume/technical. Yet can ALSO increase a price of a stock he already bought when market sentiment changes when the receive news of his purchase.

#Ban Bet Lost

/u/Automatic-Sector5268 (0/2) made a bet that AAPL would go to 140.0 when it was 143.615 and it did not, so they were banned for a week.

AAPL should’ve never been sold off in the first place. We have to stick it to the Saudis at the very least.

Bought an iPhone 13 Pro & Apple Watch Series 7 today.

AAPL calls gone print bih

Sell the news, same thing happened with aapl and tsla awhile back

he also bought AAPL puts

Is aapl $160 possible by Friday?

Dumped my AAPL stonks for a swing trade from 138 to 148 . Will probably hit 160 next week

Only one. Analog engineers who specialized in analog to digital retired in droves going into Covid.

It’s extremely hard to take engineers who grew up and worked in the all digital world like an AAPL deals with mostly and truly get them up to speed FAST on translating the analog world to digital.

I think the timing of this on the whole is a significant reason why Tesla and others have such a hard time with this tech. It’s frankly, a bitch. And years of screwups is the path to wizardry and enlightenment.

I’m a digital guy with my analog to digital world being all in RF as a hobby. And I missed the great years of this stuff. And I have white hair now. There’s a giant analog engineering knowledge gap and hiring AAPL engineers ain’t gonna work for about 70% of those engineers.

It’s a different brain space.

That said I do wish them well. It’s massive challenges they face recreating the human eyeball to motor skills system in silicon that only knows the patterns it was programmed with.

You need engineers who have fucked up those patterns AND did it well enough not to kill people to oversee that shit. Ha.

Most of them work in aerospace. That’s where you really want to snipe from. Not AAPL.

Mfw I sold all my aapl and xom shares on the market open yesterday -> 😬🙈

#Ban Bet Lost

/u/GalaxySniper24 (0/1) made a bet that AAPL would go to 125.0 when it was 136.52 and it did not, so they were banned for a week.

AAPL 150 LETS GO!!!!

Read "trading in the zone". It focuses on the psychology of trading and how the effects of not wanting to be wrong actually block you from doing the logical thing

You probably have to have smaller position sizes so you can trade without fear. Sounds like you were waiting to enter the trade to make sure it was safe when you could've just played your thesis with a small position size without the fear of losing too much.

When I'm about to enter a trade I ask myself how much am I willing to pay to see if I'm not wrong? Then I buy in with an amount that if it were to lose 20 to 30% it wouldn't go beyond that predetermined amount.

Once a trade is in the green I often set a stop loss at break even or at the profit amount I want. I also like to buy 3 or more contracts so I can sell a few to lock in profits and lower my breakeven on the rest.

Today I played 10 contracts of aapl calls for .23 each. I sold 5 at .46 and got my buy in back. Now I have 5 contracts for free. I set a stop at .40 and went for a bike ride. I effectively locked in $200 profit or more. I was willing to lose 100 bucks so I could've had nearly a 50% loss without being bothered by it. It was easy to enter that trade for those reasons.

Most trades don't go to +100% gains so usually I'm selling the first set at 10 to 20% and then having a breakeven or +5% stop on the rest.

This strategy came as direct result of reading "Trading in the Zone"

Best of luck!

#Ban Bet Lost

/u/jamohenn (0/1) made a bet that AAPL would go to 146.5 when it was 148.27 and it did not. They were automatically banned for two weeks.

To get out early they have to: 'for flair "tim apple's worst nightmare"'

Dude, I was just a few days away from dumping a ton of cash into AAPL. Now it's about to pass my cost basis...

SPY up 1.86% AAPL up 3.41% GME up 3.71% AMC up 16.84%

AAPL, PARA, WBD, SWKS all undervalued esp PARA which Buffett recently bought.

recession cancelled after i sell naked AAPL calls

cmon AAPL break 150 pleez

Wen AAPl $160 ?

AAPL wants to rip

Just stick to SPY and AAPL my guy. I make money with them consistently every week.

Bullish for AAPL, obviously

Idk still “good stocks” down today , KO, MRK, UL, etc. also you never know a “trash stock” could become the next AAPL

LMFAO! AAPL giant 3% gain. Still can’t get o 150. Will it today? That was the tell from 5/17 before this last sell off.

Why do you think $MSFT and $AAPL are overvalued? Vs say $SHOP or $AMZN?

My push back on AAPL with recession is that we aren't seeing higher end brands being hurt this part quarter. For example, william sonoma crushed earnigns and guiding up. AAPL falls more into a luxury brand and I don't know if they will be hurt as much. Plus the their cash flow almost covers all their debt, which is pretty wild.

Do agree DDOG is crazy expensive even in terms of software. I think a lot of the cloud companies are still expensive, even with their growth.

Great! Lots of gains via AAPL, GOOG, MSFT, BBBY, GME, etc. Good exit point to go cash again.

Aapl is a disgrace

AAPL falling really fast now

Down goes AAPL

The annoying part about these rallies is that the dumbest, most crap stocks go up the most. AAPL and GOOG want to rally 6% in two days after a big sell off, makes sense. Snap, RIVN, and other crap nah

the only thing i regret is paperhanding my aapl 140c at break even a couple days ago

Just bought some nice AAPL put leaps. Might not be this quarter, or the next, but AAPL is in for a rude awakening.

Still think aapl sun $130 by year end

I hope your Aapl calls are performing today

15x aapl 144p and 2x spy 408p 0dte for pennies to hedge in case of rug pull let’s see some action my gards

>FANG+ Constituents: >$AAPL 148.29 +3.14% $AMZN 2259.71 +1.72% $BABA 93.32 -1.24% $BIDU 137.22 +0.74% $FB 192.89 +0.67% $GOOG 2240.87 +3.44% $NFLX 191.68 +0.14% $NVDA 184.45 +3.32% $TSLA 750.46 +6.02% $MSFT 271.59 +2.14% >$TWTR 40.02 +1.26%

^IGSquawk ^@IGSquawk ^at ^2022-05-27 ^11:29:54 ^EDT-0400

$AAPL China iphone shipment data drops 45% below seasonal in April.

Ban Bet Created: /u/jamohenn bet AAPL goes from 148.27 to 146.5 before 2022-05-27 15:52:40.280644-04:00 for flair "tim apple's worst nightmare"

!banbet AAPL 146.50 5H for flair "Tim Apple's Worst Nightmare"

Republican senators want to bar U.S. app stores including Apple, $AAPL, and Google, $GOOGL, from hosting apps that allow payments to be made with China's digital currency, per Reuters.

Aapl $160 2dte

I DCA once a month. I was getting ready to drop some serious cash on AAPL and SPY next week. I was looking forward to the discount on AAPL but it's already getting close to my cost basis.

Oof. Oh well.

DCA and drive on.

Glad I put $5k in AAPL when it hit $136. That price was just too good for such company x]

aapl puts seem to free here

Somebody getting cucked on their AAPL shorts? That’s a helluva intraday move so far for a mega cap.

AAPL 150 soon

AAPL unleashed

Selling AAPL puts is like the easiest way to make money. Who the fuck bets against Apple ? And if you are wrong on timing/price, just roll it out another month.

Cannnnnn I get a fucking HOOOOOOYYAAAAAAAAAAAAA for these $AAPL calls baby

Good for me long holds, bad for my AAPL puts, guh leaning

So weird watching AAPL go up - my long-term account is growing and my play account is shrinking!

be real with me WSB, what are the odds AAPL moons past 150?

im looking at AAPL puts and my mind is telling me no BUT MY BODY MY BODY IS TELLING YESSSS

Man I hope so. Holding a bunch of GME and AAPL calls for June 2023 with a B/E at $165.

Let me just get this straight. You knew in 2000 AAPL would be the winner it's proven to be today, and you didn't act on this information because you "didn't have the money."

That's like saying you didn't buy a lottery ticket when you knew the winning numbers because you didn't have the money.

If what you're saying was true, you'd have begged, delivered pizzas, borrowed on high interest, to invest in AAPL.

Liar.

I believe AAPL never offers guidance as well.

As a shareholder, it feels very wrong hoping AAPL tanks today.

Mate as you yourself acknowledge that is a terrible way to think about it. Right now if you think AAPL is the best bet then that's absolutely what you should buy. Utter insanity to not buy because you already have some (unless it's for diversity)

Good moves I was waiting for a big drop and last week finally entered bigly went 3x leverage nasdaq at 145, 3x leveraged fang, big positions in aapl amzn msft nvidia amd and sprinkled in a bit of snow crox and abnb still got about 20% of cash left if market drops further.

Bag holding a crashing stock is still bag holding, regardless of how much knife you catch. No one was talking about AAPL, but the logic still applies.

There is no way to check on the ADR or GDR as it isn’t reading and they are getting delisted.

Anyway I believe it’s in Rubles. It shows a market cap of Gazprom as 7 trillion. Isn’t AAPL now the second largest market cap at 2.3 trillion USD? So Gazprom at 7 trillion would make it the world’s largest company by market cap.

I have bought AAPL on this dip, I am personally waiting until Q3 to hoover up more.

The main event takes place in September, with many struggling to provide for themselves and winter on the way, I think that there will be reduced demand for AAPL’s new products this year. I estimate a miss of some sort, and a recession seems imminent, and that is why I am holding back for now.

That being said, if I see it at <130 I would still buy, the P/E is fantastic even right now for a company like that.

>FANG+ Constituents: &gt;$AAPL 144.13 +0.24% $AMZN 2236.97 +0.74% $BABA 93.42 -1.17% $BIDU 136.94 +0.54% $FB 191.98 +0.04% $GOOG 2174.68 +0.42% $NFLX 191.85 +0.31% $NVDA 179.89 +0.78% $TSLA 719.75 +1.69% $MSFT 267.04 +0.36% &gt;$TWTR 39.36 -0.53%

^IGSquawk ^@IGSquawk ^at ^2022-05-27 ^05:41:30 ^EDT-0400

I’ll just say this: if you can pay off your CC debt without selling your stocks AND the stocks you own are going to take off like wildfire, then selling them is the wrong thing to do.

Otherwise…

Source: paid off cc debt in 2003 (or 2004?) after selling AAPL shares now worth ≈$1.3m (even after recent drops) because there was “no way AAPL would go up more than interest on that debt.”

China turned on the infrastructure printer. Should be good news for aapl and thus spy

Im swinging AAPL $150 calls

AAPL (14.21%) $156 average NVDA (12.14%) $192 AVG GOOGL (10.5%) $2384 AVG AMZN (13.54%) $2683 AVG VZ (8.5%) $50.47 AVG JPM (5%) $126 AVG NRZ (1.7%) $10.60 AVG WPC (1.5%) $$81.82 AVG just started investing into VOO (13.6%) $390 AVG F (2.8 %) $14.69 AVG KO (7.2%) $64.16 AVG TSN (6.5%) $92.5 AVG KHC (0.45%) $37.01 AVG just started investing into SDIV (0.28%) $10.35 AVG just started buying into KBWD (0.57%) $17.74 AVG just started buying into OKE (0.8%) $65.3 AVG just started buying into

So why would he short aapl. What an asshole

Hoping $Aapl goes down to 135 and $spy retests 395. I bought deep OTM Costco PUTS so I’m basically calling those worthless. Thought I was going to drop a lot more today

How can you say that when a large part of the gains of the index have been made by the largest companies (AAPL, AMZN, GOOG, FB, MSFT, V, MA etc)

I bought up that TSLA and AAPL dip 👌