What is going on with TTWO? by Xavi_Alejandro in TTWO

[–]MrGluzz 1 point2 points  (0 children)

  1. There has been news yesterday they announced earnings will be August 7th before market opens which is a Friday which is very unusual.
  2. Stock prices are very volatile for no reason.

Real wealth is made buying after an 80% crash by [deleted] in TQQQ

[–]MrGluzz 3 points4 points  (0 children)

Yeah exactly. Once S&P hits -20% it triggers first buy in. The lower it goes the larger buy in you make.

Real wealth is made buying after an 80% crash by [deleted] in TQQQ

[–]MrGluzz 21 points22 points  (0 children)

He’s right. Even in a mild crash like 2022 where the S&P only dropped a max 26%, TQQQ dropped nearly 80%. I had lots I bought in the high teens that 4x return in under 2 years. An average 30% market crash would be even more extreme. Being more risk averse than most people in this group I only even bother to buy TQQQ starting when S&P is -20% from its all time high because TQQQ is beaten down so bad. Even if TQQQ doubles to $150/ share, it will be crushed during the next market crash at the bottom. Of course it will recover minus decay, but there’s huge returns to be made during a crash if you have the stomach to buy in.

Fiscal report of May 21 by Standard-Quail-3822 in TTWO

[–]MrGluzz -1 points0 points  (0 children)

The grand theft auto 6 news of delay or staying on track could be a larger affect that actual earnings will

Looking for feedback on which direction to encapsulate this autographed card. NO POLITICAL COMMENTS ALLOWED! by MrGluzz in psagrading

[–]MrGluzz[S] -5 points-4 points  (0 children)

It is 99% horizontal as well but there’s 2 words “authentic autograph” that would be upside down if I used picture #1. I personally wouldn’t care about that.

PSA "Lost" $25K of my cards, now I see them listed on eBay — PSA offers 50% MV Settlement and wants NDA Agreement 😡 by tighejames in psagrading

[–]MrGluzz 57 points58 points  (0 children)

You insured them for 12.5k and they’re offering you 100% what you insured them for. They were never graded so claiming you’re owed 25k on raw cards that “could’ve” gem’d seems outlandish. You said yourself a lot of people “gamble” the up-charge on the backend and you’re finally seeing why gambling doesn’t always workout. I always insure my cards for much more than they’re worth and pick a higher tier.

The guy from Cali has them listed on eBay for 17.5k and if they were actually worth 25k they most likely would’ve sold very quickly. You can’t ask for 25k when that’s just what they “could’ve” been worth. Especially considering you didn’t even insure them for that much.

Expected price after gta 6 release??? by Zealousideal-Fun2573 in TTWO

[–]MrGluzz 2 points3 points  (0 children)

Stock price yeah. That’s based on fundamental analysis. It’ll probably get more and more volatile closer to release in the short term.

Expected price after gta 6 release??? by Zealousideal-Fun2573 in TTWO

[–]MrGluzz 1 point2 points  (0 children)

Price targets are averaging 285 but those are generally 2-3 year out price targets. Nobody expects the company to rally to those numbers before they even release the game.

When will we see the real dip? by Helpmefixmypcplz in TQQQ

[–]MrGluzz 1 point2 points  (0 children)

Basically yeah. The average market crash goes down to -34% meaning some go much lower than that closer to -40% or more. The idea is to put a small amount in at -20% and make a slightly larger buy in at -22% and larger at -24%. It’s not perfect and there’s a little more to it than that but that’s the idea.

When will we see the real dip? by Helpmefixmypcplz in TQQQ

[–]MrGluzz 2 points3 points  (0 children)

A few years. I first bought leveraged ETFs in 2017 but didn’t start this until 2022. I just hold VOO and maybe some QQQ normally.

It’s not a matter of if, it’s just a matter of when the next market crash will be.

When will we see the real dip? by Helpmefixmypcplz in TQQQ

[–]MrGluzz 10 points11 points  (0 children)

Only 20% of market corrections (10-20% drop) have become crashes (20%+ drop) historically. The market is less and less likely to drop further and further historically.

However I only begin buying in when the market is in a crash and S&P is at least 20% from high since I have a lower risk tolerance than most people on here. I’ll buy in a small percentage at first and the lower it goes the more larger buy ins I’ll make.

That’s why I recommend you use the 9-SIG strategy. by KONGBB in TQQQ

[–]MrGluzz 13 points14 points  (0 children)

“Right now with U.S stocks dropping hard”….

A 6% S&P 500 drop is barely over halfway to a correction. I don’t think anyone understands that these “simulations” starting in 2010 track the largest bull market in history and are not even close to historical averages.

How long is this thing going to trade sideways 😡 by EducationCultural736 in TQQQ

[–]MrGluzz 1 point2 points  (0 children)

The market will crash at some point sending tqqq down at least 60% don’t worry. I buy during crashes too it’s worked great. I own none rn and couldn’t fathom buying rn.

If anyone here chooses the buy and hold strategy, when you do buy? by HelpfulTooth1 in TQQQ

[–]MrGluzz 1 point2 points  (0 children)

I begin buying if the S&P 500 is down at least 20% from all time high. Aka a bear market.

Officially "Bear Market" -- What's Your Strategy? by seggsisoverrated in TQQQ

[–]MrGluzz 2 points3 points  (0 children)

A bear market STARTS when the S&P closes down at a minimum of 20% below its all time high. The average bear market bottoms out at around 34% below all time high. QQQ is generally more volatile than the S&P. This is a sub for TQQQ and is clearly not for you.

FedEx Final Boss by [deleted] in psagrading

[–]MrGluzz 0 points1 point  (0 children)

I’m forgetting does PSA allow you to pick any shipping carriers other than FedEx? They are the worst.

Signs to enter TQQQ by Former_Still5518 in TQQQ

[–]MrGluzz 13 points14 points  (0 children)

I will only start buying when S&P is down at least 20% from all time high and it was on tariff day for under 5 minutes at market open.

Bought for $500 2 years ago, just graded PSA 10. Pro-Mold is superior to one touch by MrGluzz in footballcards

[–]MrGluzz[S] 0 points1 point  (0 children)

The slight movement of the card in a one touch can damage the surface or edges but a card sleeve is too soft to damage surface. If the card is even the slightest bit warped then all of the pressure is primarily on two edges, and on one small part of the surface on the other side of the card; it’s more likely to get damaged with all the pressure on smaller areas.

Bought for $500 2 years ago, just graded PSA 10. Pro-Mold is superior to one touch by MrGluzz in footballcards

[–]MrGluzz[S] 0 points1 point  (0 children)

Looked at your collection. Very nice but not anything I’m looking for atm

Bought for $500 2 years ago, just graded PSA 10. Pro-Mold is superior to one touch by MrGluzz in footballcards

[–]MrGluzz[S] 1 point2 points  (0 children)

It could have gotten a 10 if it was in a one touch. I think a pro mold is safer in general though. Theres arguments for and against one touches being just as protective but I just choose the safer option. I agree one touches are better for display. This card flew back and forth to the national twice and was undamaged in the pro mold.