I read about coronavirus and bought puts when the market kept making new highs. I’m currently up $100k, with $80k already booked profits and riding the last $20k as a hedge against my new long positions. I also bought Gilead and Moderna and am up $15k and $5k, respectively.

I believe we are near a short term bottom and will bounce in 1-2 weeks. Most of the bad news is out and I expect better news in the coming weeks (quarantine is working, remdesivir/chloroquine is effective). Then I predict after the short bounce that the economy is so damaged that we make new lows

I’ve been timing the markets for 20+’years now. Just because some people can’t doesn’t mean that everyone can’t.

I was playing blackjack and realized the market never split tens, so I started doing it and made thousands of dollars. Lesson: don’t pay attention to probabilities, math is just a scam successful players try to trick you with.

I actually think the market is already somewhat pricing in the possibility of those drugs working, and that it will drop more after we find out it’s success is overblown.

How is it possible that in 2 weeks we'll have news that quarantine is working? The general publicly isn't even taking it seriously yet.

It'll be at least 2 weeks evem before testing capacity is ramped up enough to measure population-level success at quarantine

Italy and the rest of Europe will be 4 weeks into their quarantine in 2 weeks. If we see results over the next week or two then the US markets will skyrocket because it means it will work here too.