/biz/ - Business & Finance

First for HMNY

*sweaty cat eye grin*

Second for the bloodbath

Buy SNAP.

how are amd calls still only at 60% IV

Plan 4 2 day
Short side has many juicy points to meet

283.6 key level
If this holds expect 284.5

>>10428565
You better be sweating, I already made 500 from your loss.

>>10428586
Replying to you from another thread.
For the time being as I build capital, I'm heavily invested in ETFs though I want to try the occasional day trade at some point. My portfolio just happens to include an ETF which is underlain by FB among other tech sector companies.

>>10428630
Options don't trade premarket so they aren't adjusted to er

>>10428544
Just keep rollin’ rollin’ rollin’

>>10428704
I was planning on instantly selling but now Im not sure. Also not sure if people will buy 217.50 puts anymore hope I'm not stuck.

>>10428704
I can’t wait desu

>>10428704
We're going down doooown

reminder:
gold to be delisted EoY

>>10428732
Why wouldn't someone buy that put? It's significantly itm now yes?

I wouldn't buy a short term call but do you think a couple of 3 month 175 are good ideas on facebook?

>>10428732
lol
there will always be someone with more money than you willing to buy those ITM puts so that they dont get fired from their hedgefund

>>10428771
Yea but would you even look that far up? And I would probably take some loss because I don't have the 17k required per put to go through with it so I'm fine with that. Maybe it's because I use my phone for this people with computer might see me selling. This is literally my first option trade like this I have no clue what's going on.

>>10428773
No. 3 mo 210.facebook is gonna be a moon mission as election cycle starts again. They got to go in front of congress to advertise their fake news service.

>fb lost a year's worth of gains in one night
https://youtu.be/UYIAfiVGluk

>>10428799
jesus fucking christ well you lucked out then

regardless, yes, hedgies will buy that to hedge
youll just likely have to sell near the bid to get any takers

>>10428826
https://youtu.be/yjO1bMHbDpY

>>10428805
Got it, I'm going to grab 5 6 month ones then at 180 because I can. I think it's worth the risk.

>>10428799
>This is literally my first option trade
Suddenly it makes sense. You're fucking lucky. Sell at opening and enjoy your gains

>>10428841
holy shit it is not
dont buy long contracts the day after it crashes 20%

who the fuck are all you retards?

>>10428876
that's the /SMG/ way
the question is, who the fuck are you?

>>10428868
Not my first options trade the first one that went this far. I've made more then I own in value. Of course I'm freaking out over it.

>>10428766
this

>>10428876
I do what I want. Try and stop me from having fun.

2 minutes till opening.
I'm no good at stock trading yet, so this will be an interesting day watching fbs stock performance.

>>10428883
the only one ITT that isnt overdosing on at melanin i guess

>>10428906
enjoy total loss fucktard
please post the contract you buy so i can chronicle your total loss

if u dont understand options
dont trade em

getting a seizure watching the fb ticker

>>10428799
>I have a 217 put and FB is at 169 can somebody budget this I don't understand options

My man's bank account is growing like magic

DAT BIG FB RED DILDO

please BILI arise from the ashes like MU.

>>10428565
WHAT THE HECKIES
THIS TRIGGERED FOR 178

WTFFFF

Got out just in time. Dropped 2.50 right when I sold. Lost 800 in calls and I forgot to subtract the initial 1.2k but still a good gain.

>>10428971
....teach me...

>>10428970
this is why you get a real fucking broker

i cant wait for the real crash to happen and all the RHers to be standing around whining about how their stoplosses filled 20% lower than market

Wow check that fb volume

>>10428970
guess you're not even making nickles and pennies today huh

>>10428922
Nah I looked at the cost, you're right even 60% down I'd still take a hit. Why are those bought and sold?

>get drunk and play game on computer last night
>open ninjatrader at some point and buy a S&P 500 e-mini futures contract at 2834.00
>eventually go to sleep and never close it out
>I'm up over $250 on that contract now

I'm taking a poll, how many of you guys are complete trading noobs?

>>10428985
Hit the day trade limit and then hedge against loss. I'm used to playing $100 swing trades I couldn't swing FB because of the limit and got stuck. So I bought puts.

>>10429029
me, up £20 on a £2500 investment. at one point i was up £400 but ive slowly pissed it away. Only been "trading" for about 2 weeks

>>10429009
you buy em on calm days, sell em to the desperate fucks on the volatile days. if your makng a bullih play after a crash like this, you sell puts. very risky, but slightly less so than buying calls today

for options (either long or short):
buy at low vol, sell at high vol
never the other way around

should I trade IQ for FB today?

DO MY EYES DECEIVE ME? IS FB RALLYING?

>>10429029
Started last month. Was doing well before FB, got back to even in the middle of the swing I was doing right before. Now I've doubled what I put in.

so if I wanted to buy a stock, it would be best to just buy an ITM put and exercise it, right? Assuming I'm bullish on a stock

>>10429055
It's doing a Netflix. Buy puts at the halfway back point.

>>10429074
no because you pay premium that makes you lose money lmao

>>10429018
fack, it hit $450 and now shit's crashing

>>10429029
Started learning recently. I am not trading anything at the moment but I have ETFs at the moment.
I came here specifically to learn.

FUCK AMD

>>10429074
Only if you have the cash to exercise it. I honestly can't find out how that works, if you need the money or not. No one will tell me and the internet doesn't know.

>>10429080

I only buy CFDs m8

What the actual fuck happened to AMD?

Can someone explain why owners of a company who sell off large amounts of shares due to inside information are not charged with insider trading?

Why does GoPro make no money even though everybody seems to buy them?

>>10429092
Agreed fuck them

>>10429112
>tfw I had 2000 shares that I bought at an average price of $9.95 and sold them all at $13.30

I left so much money on the table... Oh well, at least I booked some profits off of it.

>>10429127
most of them start selling programs disclosed publicly. They will sell between x and y amount every month to diversity their personal risk, or something. Whenever they start dumping tons of stock like Zuckerberg its a bad sign

Do you have to KYC for robinhood? Or if you are American you can just download it like binance or something? How does it work?

t. European

What stocks to buy on the news that European countries have made a deal to buy more LNG from USA?
>LNG
>TK
???
Marketwatch is saying Textainer but that twice the price of TK

>>10429112
IBM ducked up their new design and AMD won last Feb so unless IBM gets their shut together AMD should be looking good. They fucked up their 10nm design

>>10429139
Anon.
I shorted AMD at 15.80

>BUD

>>10429132
because once you buy one you never have to again, literally their product is TOO good

they have no reliable consistent revenue abilities

>>10429135
I believed/still believe the woman ceo meme and bought all into nvidia and micron. I thought it smart.

>>10429132
there are chinese knockoffs that do 90% of the function for 10% of the price

just another example of Chinese IP theft

>>10429132
they're still in growth mode so they spend a lot on R&D and advertising

>>10429100
Your broker will let you exercise if the option is itm and you have the cash. But exercising is almost always worth less than just selling the contract

>>10429139
I bought at $10.00 and sold my 1000 shares at $11.22 or something, absolute kms

>>10429055
It's all the people buying the dip thinking it's gonna go up. Buy puts.

>>10429151
Robinhood doesn't work in Europe only the US

>>10428990
>>10429006
It was me bad...
Had placed a market order but forgot....

But yeah stupid market order bought exactly at the top ;_;
Screw rh

>>10429100
nobody does that

>>10429180
Go fuck yourself GoPro shill. I didn't even get a year out mine before it died. Fucking garbage, the chink cams I buy for $80 last longer and have the same image quality.

AMD needs to go higher. I'm literally making 82c if I sold now.

Man that red dildo on FB is one for the record books.

>Hersheys
>GIS
>Kraft

We did it

>>10429228
i dont even own a GoPro, lmao good luck never retiring

i just use my parents if im going on a trip, also hurts the company but stay cucked by a 'corporation' soon to be delisted if they keep collapsing

>>10429228
Screw you gaywad you wouldn't know quality if you were standing in an American factory

I'm going to take a 2 week break from the market because I know I'm going to do stupid shot with my earnings if I dont. See you all in August.

selling IQ and Netflix and going with the most superior of subscription plays, Spotify.

it seems SPY hast gotten the memo yet that its ogre

SPY closing down +1% will sit very nicely w me

>>10429228
I too am a fan of the chink cams. My first one was a SJCAM SJ4000 and I've since upgraded to a Yi 4k. All I use them for is taking boring helmet cam footage of my motorcycle rides so I can snip out some interesting bits occasionally and post on Facebook so friends and family can see what I've been up to and where I've been.

>>10429297
good fucking idea m8
this shit is about to go hard mode
and youll be cash ready to buy when the dust settles

half of my account is doing the same thing

>>10429310
FANG trade is dead, all the hedge funds got roped into buying, now they are trapped that's how the market works. Those will be dead money for years now

Best plays are American centric industrial names and commodities, specifically the grains

Jesus christ

FUCK

LITERALLY NEVER IN ITS HISTORY HAS THE STOCK GONE UP ON TUESDAY

I'M DONE WITH TRADING AND SPECULATION THERE IS NO WAY OUT OF GAMBLING

NO TA OR PATTERN CAN HELP YOU.

>>10429310
Me long triggered for SPY so.... ;_;

>>10429164
Ouch, I've given up on shorting volatile shit like tech or pharma where the underlying can easily jump up or down 10% in a day. The only time I short stocks anymore is when an established company is in a steady, defined downtrend like GE was last year.

>>10429340
THURSDAY


FUCK FUCK FUCK


REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>10429338
>specifically the grains
i knew, the moment i laid eyes on you
that you were mah nigga

>>10429340
you shorted a make or break ER you twat
what did you expect?

>>10429348
enjoy getting fisted then

>>10429340
Well, at least you finally learned the truth. Sad it cost you 600 bucks though.

Green day!
Green day!

>>10429338
speaking of grain
im thinking of unironically exercising my leftover oct calls on WEAT. you think all this news will finally help that ETN break out of contango? its not as bad as CORN, but still, i hate having futures rolls eat muh gainz

I'm up to 4,500 shares in IQ. My bags have bags. My bags have bags which hold more bags. If I succeed on this I'm going back to being a careful pussy boomer for a minimum of a year.

>>10429086
Oh fuck the moon mission is resumed, please let it break 2844.00 and not double top

>>10429412
>If I succeed on this I'm going back to being a careful pussy boomer
yeah fuckin right
if you succeed in this, youll have more cash to gamble with

>>10429412
haha fag

t. bought iq puts and made massive gains while u fudded me

>>10429203
I'm an absolute noob here, could you tell me why Robinhood won't work for a european? Thanks.

>>10429412
damn

All my Cannabis stocks amounted to nothing but a loss of total 50% of my value, stop market sale was triggered a few days ago, just now did I had the courage to look into it again.

I lost about 5K Euros, all my savings have been halved.
Now even way way more depressed than a few months ago.

Started doing drugs very recently.
This life, I give it up, gonna kms some time this year hopefully, long overdue.

>>10429405
I have 3 year outlook for grain cycle, so can't really answer. In terms of trading, this would be the time to exit imo

>>10429412
What's your average cost? Just so we know how fucked you are

>>10429428
ask RH, not us kid

>>10429432
lost 25% of my portfolio when I started
lost more than that when I was trading in high school
I'm up 50% from last 4 months

get autistic; not defeatist

>>10429426
I told you to sell when it rocketed, I didn't manage to buy to many puts cause I always end up buying the middle of the range its bouncing.

>>10429423
I don't know man, I usually only do 1-2 things a year that risk my biscuit. I spend the other time slowly building up so I can afford to take losses.

>>10429436
35.32

I am fully prepared to fly away if it has a bad earnings and dies, but I can also hold a month or two if needed.

No Amazon insiders have traded since last er. What did they mean by this?

>>10429435
i agree about the exit
i sold most off last night, but didnt get all of them filled. but i also dont know if WEAT will go back down to sub 6, and wanted to use em for something. im interested in playing this long game on grains as well

>>10429155
Intel not IBM you fucking mouth breather

Sooooo glad I held HMNY. And here I was beginning to doubt it. Feels great!

>>10429435
I have a pal who works for the FDIC in Kansas, he does valuations and loans for farms all the time. He claimed that its experiencing enough droughts that it should effect prices till end of the year.

>MCD

>>10429495
true.
the drought and shit conditions for winter wheat was why i was playing this in the first place. then the tariff FUD made it even more oversold.

but wheat spot just rocketed up almost 10% in a couple days. i think it will pullback as well. then im gonna buy more calls desu, and likely exercise my ITM ones

>>10429519
Good strategy.
I wonder if the EU deal is gonna bring the price of onions back down?

also
friendly reminder SPY will close below 280 EoW
AMZNs ER beat will do nothing to stop the bleeding

>>10429532
Did
S
O
Y
Just get censored into onions? What the fuck is this.

>>10429432
why would you sell? CGC's struggling right now. I bought in at $27.50 and it's down to $25.68 but it will rebound

>>10429543
>What the fuck is this
faggotry from a site run by a gaggle of faggots

happened a while ago
they dont want us accumulating the beans it seems

>>10429543
It's been like that for a long time now just like s-oy-B-oy gets changed to basedboy and a bunch of other shit.

>>10429543
Just thought it was other boards.

DUMP EVERYTHING INTO VIDALIAS BOYOS. WE'RE GOING TO THE MOON.

>>10429432
l8r sk8r
congratulations on buying the top btw

>>10429540
Small spec cope

im a pussy bitch faggot

closed my AMZN short

too nervous to hold through earnings

I can't stop winning

HMNY is only up because of the r/s, right?

>>10429611
what did you trade

also
does anyone know if there are CFD tickers for grains that you can play options on? im sick of this contango shitfest of ETNs w no liquidity

schwab lets me trade on some of them but i dont know the tickers for grains

>>10429606
still about 100x more believable than the bull cope rn

>>10429328
Fuck off normie

>>10429614
hmny was like 6 cents. r/s 250:1 over 20 bucks and immediately fell another 50%. it's not "up." presplit the shares value would be like 4 cents kek

>>10429614
UP? The absolute state of these brainlets.

>>10429633
Golden Bulls are pretty stoked that this fang ordeal is barely effecting the market
Im calling a Total Sweep or, 3 weeks of green

>>10429632
Comcast calls

What does Anon think of TWLO? Seems like a solid tech stock pick (leading cloud communications platform) that hasn't mooned nearly as much as the FANG group yet but has a ton of upside potential still. Thinking of picking some up on this tech dip here.

>>10429614
its down 40% yesterday m8

>>10429652
The actual stock price, moron. I just looked, 250/1 for this price is over a 50% loss lol

Are analysts realizing that only old people use Facebook?

>>10429635
I'm 30 years old and have to blend into society somehow. Being the angsty, autistic shut-in goes from being concerning to pathetic sometime in your mid-20's.

>>10428544
How do I trade options

I only have a small account and live in austraya

>>10429741
ask your broker

>>10429562
I bought it in the beginning of January.
And it's an auto stop loss I have enabled.
Total autism that I all put it into Cannabis stocks.

Aurora Cannabis and Aphria, both the biggest loser among my losses.

>>10429595
Yes, I really did bought on top of it.

>>10429717
I haven't used FB in like 5 years, literally haven't logged in

>>10429734
>uses facebook

get a load of this fucking faggot hahahaha

>>10429658
>Golden Bulls are pretty stoked that this fang ordeal is barely effecting the market
*yet

heed my words nikkei
the prophecy came to last night when i entered trance state
the bogs whispered in my ear
>we are going to bog zat one faggot from reddit
>every zingle one of hiz positions vill be completely liquidated
>hiz brokerage account vill be laid bare for all to zee
>under ze cold light of ze bloodmoon

>>10429717
I don't use social media except for work, but literally everyone I know uses snapchat or twitter.
My grandma spams classic music videos on Facebook and my Mother posts photos of family.
All social media companies are doomed to eventually fall out of favor because kids and young people don't want to socialize in a room filled with parents and the elderly.

Who DIS here

Will they hit 115? 120?

>>10429757
>All social media companies are doomed to eventually fall out of favor because kids and young people don't want to socialize in a room filled with parents and the elderly.

if someone could make a platform that captured the exclusivity of youth that could really catch on.

Am FB over 200 yet ?_? Scared for look

>>10429777
You see NFLX valuation? Yeah we switching with them in the next 2 yrs.

>>10429789
no and it never will be again

Nothing good out here. Everyone scared to buy.

>>10429789
It's at 175.33
So it's been slowly falling all day.

Side note, how much should I have as my initial investment when it comes to trading stocks?

>>10429806
I got in with 150 and now have 300 in less than a week.

>>10429804
buy vol nigga
shits still low af

>tfw not man enough to short AMZN CFDs and hold them over the weekend
Why even live?

>>10429806
if you are new? It helps to learn to use actual money, but chances are you will wipe. Use like 1-2k at first and work your way up.

>>10429819
AMZN will beat ER, but everything will bleed regardless

just short anything else

>>10429789
you bought only 1 share at 178; kneepads I bought 6 shares at 179
you're a fucking idiot but we're going to make money; this I know for certain

fucking chill, I'm playing with my entire savings fund and I'm tackling emotions every single day; I research to be assured in my reasoning
say bitch be cool a few times in the mirror or pop a tranquilizer or something B

>>10429821
Well lucky for me, my money management is actually good. I run a surplus of 500 a month or so, but have been spending it on frivolities while putting some into ETFs (100 a month right now)

>>10429845
https://www.youtube.com/watch?v=Lv3AY1zTzaE

>me talking to my panicky subconscious

>>10429432
I lost 20k to bad investments when i started. Just use the loses as something to learn from.

>>10429752
I've been on Facebook since 2005, back in the days when you had to have a legit college or military email address to use the service. I don't do any other forms of social media though, never had a twitter or snapchat or anything.


S&P500 futures keep bouncing off of resistance at 2843.75. If it doesn't break 2844.00 soon then I'm afraid we'll be going down pretty hard midday.

>>10429850
Saving 500 a month would be baller. That's usually what I have to fight people to convince them to do when working on budgets.

JUST

>>10429857
this is true
if you can take losing most of your net worth, and not off yourself, youll have most of the necessary emotional skills to make it as a trader

consensus of value on a possibly oversold meme; I wanna hear first-hand thoughts of MHK
I think it's oversold as hell at the moment

>>10429869
JUST

>>10429869
how do renko candles work anyways? id never heard of them till i saw em in tradingview

>Dow +0.6
>Nascuck -0.8
The absolute state, how much of QQQ is (was) FB?

>>10429866
how the fuck do you even make it on 500 a month though even with full market exposure and 8% or so? just wait 40 years? fuck man i'm not ready for life to cuck me that hard tell me it ain't so...

Stop Selling your MCD right now

>>10429864
Now it's bouncing off 2844.00, might break upwards soon.

you faggots ready for USO to gap fill up to 15?
i am

hope yall bought it yesterday on that dip i called out to ya
those heartbeat lookin dips are exactly what we see before big oil moves

>>10429372
But then how do you guys seem to make profit consistently?

How do I stop sucking at trading and finally be consistent?

I had some good profits the past days, thought my strategy worked then today everything goes fubar.


Teach me senpai!

>>10429898
Driving so can't go in detail. That number is just a basic start. The goal would be to save and invest in your future in various ways with a total of 10-20% of your yearly earnings. You would obviously put away more than 500 eventually. But for a person just doing the 500 who had a 401k and decent insurance they would have a cushion at least on retirement.

>>10429919
do i buy this little MCD dip?

tfw 75% of account is AMD stock and another 7% is AMD calls.

>>10429970
>But then how do you guys seem to make profit consistently?
LARPing
also proper risk management
which you showed none of by shorting AMD through the make or break ER
>How do I stop sucking at trading and finally be consistent?
see above
>I had some good profits the past days, thought my strategy worked then today everything goes fubar.
hedge

>>10429986
Buy now and then buy some more if it drops another 5 dollars

>>10429866
My sister, who is 34 and acts like she's the smart one of the family, is happy with saving 350 a month at best with no investments. Frankly speaking, out of 2816 after taxes a month plus 850, I could save a lot more. At this point, I'm just trying to get my car paid off (350 left and I pay 100 weekly) and pay down a few other longstanding debts (7000 tops) while putting aside what I can.
Long and short is I was living in a too expensive place for a while and not making enough to make ends meet, so I ran up 20K in debt. Over the last 2 years I've been paying it down, so less than 7500 after 2 years left is actually pretty good for me.

>>10429991
How do I learn risk managment?

>>10429970
Buy 20 or 30 calls everyday. Sell whatever goes up the next day, hold the ones that don't, sell those only when they break even or are gonna expire.

Do this every other day, sell everything that isn't promising Friday.

I made 350 dollars last week on 180 dollars doing this.

>>10430009
Calculated Gamble is an expert I believe

>>10429955
Sold the contract at 2844.50, made $512.50, not too bad for a trade that started out as an off-hours drunk buy.

>>10429893
they are honestly really simple to understand. each 'brick' is a pre defined value. so my facebook chart, every block is 50 cents. if it goes up 50 cents, green block, if it goes down 50 cents, red block.

>>10428544
>Interactive Brokers
I'm locked out of my IB account and I cbf sorting it out. Custodial assets can fuck off.

>>10430039
They've always been pretty helpful when I've called their customer service line. I didn't use my account for a long ass time and forgot my password and shit and they had me back in after 10 minutes of verifying who I was over the phone.

>>10430024
In what kind of stocks?
What do you buy mostly and is there any leverage/margins involved?

>>10429864
I’ve had a FB account since 2009. I admittedly used to do all the normie things on it. A few years ago I sat down and deleted 90% of my posts, deleted almost all my “friends” and set it to private.
I’ve turned it into my own autism feeder by joining a bunch of history groups and neighborhood watch groups. I rarely post anything unless it has to do with those two topics.
I do have an Instahoe account that I use for my amateur photography, but mostly as an easy place to store my pictures. Neither account has a recent pic of me lol.

>>10430065
Hell, I might've forgotten my username AND password. Luckily I still had my cipher card thing and remembered the answer to the security question they asked me.

AMD AMD AMD

18$ END OF JULY
20$ END OF YEAR

THANK YOU BASED MOMMY SU

Listened to the ER last night, AMD is crushing the server market, and doing well in all other segments (except for blockchain, but this is a good thing). Holy fuck, listening to Lisa Su talk about TAMs and market share makes me hard.

I want to be just like her when I grow up.

Anyone has any experience with Lynx Broker? Is this a good option for a european?

>>10430112
I'm still waiting for fucking Lenovo to release their A485 Thinkpads with Ryzen APUs. I'm ordering one the day they become available.

I've made $8k on AMD stock over the last year so I might as well use some of those gains to buy a laptop with AMD chips.

>>10430065
>>10430089
That's reassuring. Thanks for sharing anon. They sent me emails for like six months telling me to register on the Australian site they were starting up. Pretty sure I still have the card.

>>10430006
Stop. No really just stop and think. Who benefits from you paying down debt sooner? The lenders do, Unless your rates are crazy high you pay that shit as long and low as you can. If its student loans go refinance literally today, you can do it online. Its a great thing you are saving, but people are obsessed with living 0 debt lives. When you have cars, houses, student loans, or even a business, its best to use debt in your purchase at low rates for long periods of time. Would you rather have 100k and 100k of debt or no debt and no money? Wealth maximization is all about protecting cash flow. Where does your cash flow? Do you have a budget? Is the debt you have at the lowest rate you can get? Are you paying it slowly but on time to build credit?

Do you have an umbrella policy to protect yourself from potential lawsuit, which could liquidate you in seconds? I guess this my panel for the day. Most advisors won't suggest you buy an Umbrella Insurance Policy. It doesn't make them much money, however it protects you from any potential lawsuit. If you hit a lawyer and his wife sues, they could take your assets and siphon off your paycheck till you die. Umbrella policies are cheap as hell, and cover you for millions of dollars.

>>10430112
hitting $18 in a min kek

>>10430068
I admin'd a shitty Facebook page that I used to discreetly shitpost away from my family. I hardly use it anymore because they killed page reach so there wasn't any point anymore, I'm not giving them shekels to shitpost. I haven't deleted but I rarely go on it. I got "The next door neighbor app" to laugh at my neighbor's though. Some doctor from D.C. moved here and is pissed it's too white in northern Minnesota.

>>10430035
thats what i thought
so its like a fast paced point and figure kinda?

>>10430066
Some examples this week

>Disney Calls
>Sprint Calls
>Microsoft calls
>Dish puts

FB going down to sub $100

>>10428971
No fucking way this is real.
>12k holdings
>CRICKET WIRELESS

>>10429112
>tfw bought AMD at ~3$ in 2016 and just sold
I doubt I'll make 500% profit like that ever again

Good time to buy FB, it will easily grow back to over 200.

>>10430252
nice investment bud

>>10430242
>not moving from drug deals to stocks

Never gonna take a girl to the candy shop

He did it boys. Best boy.

>>10430168
Well to be frank, one of those debts went into collections. So that's getting the big pay off, I have no option in that matter and it's not an account I can use anymore. The other one, however, is actually a "Get down to 30% or less" in reality. I'm aware I need a certain credit utilization ratio. That is on the 5700 account where my limit is only 6000. You can see the problem there.
Keep in mind that less than a year ago my credit rating was 400 something. Now it's just barely 620...
My cash flows as following:
House (550 a month) ((Rent)) bills ((Non debts)) of 366 Car (400 a month) Debt In collection: 150 debt on regular still active card: 117
That's my cash flow on non major items. on Food smokes liquid it's bout 125 tops a week.
The debt I have is at 18% interest on one. Not much I can do for that. The credit card that's still active and I can utilize is being paid off slowly but on time every month.

Most of my insurance policies come from government related insurances I qualified for as a result of my time in the Army. So in that regard I have a level of safety. I also have a 500K life insurance policy and free healthcare for life due to radiation exposure while I was in. So I've been able to leverage essential protections more or less for free in that regard.

At a young age she aspired to be an engineer, explaining "I just had a great curiosity about how things worked".[2] She was 10 when she began taking apart and then fixing her brother's remote control cars,

She settled on electrical engineering,[4] recollecting that it seemed like the most difficult major.[2][15] During her freshman year she worked as an undergrad research assistant "manufacturing test silicon wafers for graduate students"

Su was "one of the first researchers to look into silicon-on-insulator (SOI) technology, a then unproven technique for increasing transistors' efficiency by building them atop layers of an insulating material".[4] She graduated with her PhD in electrical engineering[4][9] from MIT in 1994.

>>10430168
Fuck that, I paid my house off as soon as I had the cash. The money wasn't gone, I still owned the house (which was an appreciating asset since I bought it late 2009). That was like 50% of my monthly expenses that got eliminated so I could then use that money for other stuff instead of having to use it to make a mortgage payment every month. That was in 2014 and I haven't had any debt since then and it's been fucking great. Everyone else my age (30) has debt out the ass and never has any money left over to do anything and they're constantly worried about being able to make payments. Seriously, fuck the "debt is a good thing" meme.

>>10429789
Glad ur okay, the markets been boring asf all morning cause alot of suicides yesterday

>>10430296
>tfw engineer heading into corporate management

Su is my role model desu

>>10430290
Why are you putting any money into inc m the market at all? Pay off that ridiculous cc debt. All of your money (aside from an emergency savings cushion) should be going to that

>>10430304
theres a balance between no debt and crushing student debt
calc is right, in that if you have some debt, and use it to your advantage, you will be better off.
and this is coming from a guy w no debt

>>10429806
Glob damnit ;_;
Not @ home so cant look at charts
Why cant little guy win just for a once

>>10429845
W-we are gonna make it
Blowing some propranolol gonna go state at cocks in public and pretend their erection am Facebook value

>>10429893
ATR
At base setting the stock had to move 7 points in either direction for it to be registered on screen

Very good way to chart what me use for botting

AMD just went full chad pattern from 16.80 to 18.20, disgusting

>>10430327
>use for botting
yea thats what i was thinkin too

>tfw 1200 in credit card debit and 2 car loans
>car loans equal to 18000
>wife is unemployed for now
>tfw feel like this is a lot

How do NIGGAS with a quarter mil in student loan debt do it lol. I make 3300 a month in a tiny town and I feel crushed

>>10430319
Mostly because long term retirement savings does not happen through my employer. So I'm using stash invest at an amount of 50 bucks a week on etfs. I can easily afford that. Plus I'm playing it as advised from other financial advisors who suggest that while it's good to pay down regular debt, you should also put money aside for savings to have a proper cushion. Keep in mind, I've paid off 13000 of that debt so far in less than 2 years

Hey class! Let's talk about bear put spreads.

What do you think the odds are that AMZN drops 10% after earnings? Do you think they're better than 14:1?

If you buy the 1680 put and sell the 1650 put, you have a spread that costs $189 and pays out $2811 if AMZN drops past 1650. (If it's above 1680, you lose the whole $189). That's almost 15:1. Who wants to gamble with me?

>>10430322
I'm sure I'll need to get another loan at some point to buy a bigger house or some land, and I keep 2 credit cards with high limits that I pay off every month to keep my credit score ~800 but I've seriously enjoyed having no debt or payments to keep up with for the last 4 years.

I guess the real problem is that most people overburden themselves with debt to the point where almost all of their monthly income goes towards making payments and they have no money left over to live on or maintain an emergency savings fund.

Thank you based Lisa.

>>10430359
I hope you got 0% APR financing on those cars anon.

>>10430378
Guaranteed not happening. Thanks for the example though.

>>10430387
>the real problem is that most people overburden themselves with debt to the point where almost all of their monthly income goes towards making payments
this
fuck, most normalfgs have no idea what theyre even getting into for the most part, and just sign on for free money or whatever they think is happening.

Let me ask you guys, Do you think Amazon is gonna Soar today or sink?

>>10430175
>too white
I’ll be so glad when this meme dies.

>>10430304
Its not like debt is fucking amazing, but if you have/need it, or are a business, it is beneficial to pay long and slow. Home mortgages are a different beast cause they can have high rates, but anything 4% or lower is manageable for long term plans. Debt over 4% is a cancerous blight on your body draining your life force.

>>10430290
Your debt is kinda high, but if you just learn from this after paying it off you will be alright. Usually I dance around it and try not say things that might offend people, but nigga you ain't paying me. As I said above, anything 4% or lower, hell even 5-6 for you, pay long term. If its higher you should work on that as soon as possible.
Military benefits can be pretty baller, but if the life insurance is not part of that, and you took the time to getting it, look into whole life. Thats assuming you have a family in the picture.

You are spending a metric fuckton on debt, but the upside is once those higher rate ones are gone, you will have an easier time saving for different things. Additionally, and I know this is painful, before paying the debt down as fast as possible, you need half a year income minimum saved as cash or liquid assets. Life throws curve balls, and it would be tragic if you had to take on even more debt and fuck that credit score that you've been fixing.

i fucking hate myself

>>10430421
Credit card debt is hitting bubble levels again.

>>10430407
>guaranteed
then you can sell me the put spread and take the other side of the bet

>>10430402
3 percent apr lol.

I pay 450 a month for a 4 bedroom house man. Small town living is great.

>>10430424
Fuck if I know, I'm sitting my ass on the sidelines for that one, already got my ass handed to me with the Boeing and AT&T earnings this time around and they only dropped a few percentage points. I don't want to risk getting bootyblasted by a 20% loss on some overvalued tech company.

>>10429428

They couldn't secure trading rights

>>10430424
They're going to beat

>>10430378
those are good levels on the leverage, but banking on a 10% drop makes it WAY unlikely to happen imo

so while you got 15:1, your chances of it happening are close to none.

also, im of the opinion that AMZN will beat, but drop a small amount anyways. im relatively certain there will be no 10% drop in AMZN tho

>>10430428
if you think of it in terms of caste, like India, it works better

brahmin moves to minnesota and is upset that he's surrounded by vaishya, basically. when they say "too white" they never mean themselves

>>10430359
> single
>making 4300 a month after tax
>no debt
>pay 1500 in rent + expenses + spending
>pay 800 for stock options
>pay 500 into 401k
>tfw only 1500 a month to invest

Just kill me desu

NONONONONO

>>10430436
free money for like 8 years will do that
fucking niggers at the FED did this on purpose, im almost certain of it

Faceberg bouncing back tomorrow?

>>10430456
Nah fuck that, Come run with the wolves today join us again everythign will be okay

Sources: trust me dude

I'm gonna move some money into Robinhood and give the stock market a go for the first time. Pick up some FB for a flip when it looks like consolidation is ending and we've bounced bottom resistance a few times.

How diverse are the market orders on it? Do they go any further than stop losses? Do they have any (stop loss, take profit) or am I stuck with just stop buys and sells? How easy is it to file taxes with it?

>>10430434
Yeah, I was young and dumb and paid 0% down with a 4.9% APR rate. Paid it off in 5 years though so it didn't hurt me too bad.

>>10430481
well cc debt just fucks those people over, it's wealth transfer

>>10430375
Dude. 18%. Pay that shit off now. It's guaranteed returns higher than any etf you're buying and you'll have that much more monthly to invest when you're done

Does anybody have the drive folder with all the books to become a knowledgeable boy?

>>10430494
Good, you and zuckerberg can sell facbeook shares together.

>>10430453
>450 a month for a fucking house
Good lord I need to leave my city

>>10430456
>20% loss on AMZN
You can build a spread that pays out 60:1 for that. Pay $10 get $2490

>>10430428
>too white
>I’ll be so glad when this meme dies.
lol
you probably wont be too glad, cuz itll mean serious fucking problems, more than likely

>>10430498
>it's wealth transfer
yup yup

glad i didnt take the bribe

>>10430474
I just don't get it. It's cold and irrelevant up here, why would anybody other than Germanic people move here? Can't change that.

>>10430515
I've never used options before and can't be arsed to learn how they work. All I do with stocks is swing trade shit. If I want to gamble then I have my futures account for that.

>>10430463
>>10430439
Yeah I would consider making this bet.

>>10430327
>Blowing some propranolol gonna go state at cocks in public and pretend their erection am Facebook value

>>10430536
To be part of the vibrant and thriving Minneapolis scene and appreciate all the cultural enrichment Somalians have to offer

>>10428544
I actually bought facebook after their 20% dip yesterday. Looking forward to making money off of their dip.

>>10430290
I took a second look at the numbers from both your posts, after you get your shit together you will be way better off than 70% of people without even doing anything else. The fact alone you are cognitive of these things will work in your favor. Pay down your shit, keep some cash, Invest what you can and do it broadly.

Anyone else holding stock in a company that'll be announcing earnings soon?

I am and I'm scared lads.

Ford 9.99 limit buy activated
lets do this shit round 3

>>10429432
I lost 2k in a span of two days, brah. Fucking ACB.

>>10430433
FB BOI

>>10430569
Dude I always sell the day right before earnings because usually a stock goes down at least 5% even when they report positive earnings. I hope all goes well for you. What are you holding?

>>10430548
its the only reasonable way to directly short AMZN ive heard so far

anything else has way too much undefined risk, or total loss of like 10x that premium

EARS about to pop

>>10430595
DCIX

Do I hold Amazon or sell for ER?

Also should I buy ford right now or just keep going big DICK into Visa?

>>10430569
I had BA and T hit me yesterday, that was pretty bad. Next week I've got CAT which I'm not feeling great about either but Trump's "farmer stimulus" seems to be boosting its share price right now.

>>10430560
Fuck no, I never go down South lol

This cunt on wallstreetbets had a 62k fb put and he's only 20

cmon SPY pop up to 284 for a second so i can get these puts for cheap

>>10430596
To be clear it needs to absolutely crater for that spread to pay. If it only drops 8% you lose the bet. I just think the odds aren't quite 15:1 against. Maybe they're 10:1? The reason why options are more fun than a casino is because you have to guess at the real odds.

>>10430622
Good lord

>>10430622
He made it. Good for him. No risk no reward.

>>10430569
I held BUD through their earnings, and I got JUST'd. But then I held AMD through their earnings, and got rewarded. BUD basically wiped out my AMD gains for the day.

>>10430622
It could've gone the other way and liquidated him though. Now he's gonna think he's some genius trader when all he's doing is gambling.

>>10430209
How do you find out about these and how do you make a decision for a call?

>>10429717
Instagram and WhatsApp are their most valuable assets, mongo

>>10430622
Lol. He’ll be broke in a year.

>>10430622
he''ll blow up within a year, that's a guarantee

>>10430434
Honestly I learned from it back in 2016 when I finally left the state I was living in and dedicated my time to paying it off. I moved back to my home state and have been doing such since then. My parents were kind of annoyed at me the other week because they asked where all my extra money was going and I said "Paying my debts off" They were rather mad that I was prioritizing that so much since they figured I should have half a years worth saved up instead.
Anyways, yeah I'm iffy about any debts after this. It kind of became a single minded ambition to fix my debt and credit score while also getting my life, if you will, in order. Before I got the job I'm at now, I actually had much less funds to work with, so having breathing room is nice at the moment. In 2 or so weeks an additional 400 a month opens up, so that gives me even more breathing room to save and invest.

I appreciate frankness, people like to step around and not address the big problems. Half the reason I come to these boards is because at the end of the day, people aren't sugarcoating shit for me.

As for families..
Well truth be told I lost mine in a car accident (They were hit by a drunk driver. I was in Korea at the time). Ever since then I haven't exactly had a proper family.

>>10430501
the 18% account is one with less than 2000 on it and is the next major one to be paid off. It's on track to be paid off pretty damn soon (4 months by the most recent numbers)
My other card is a 7% interest rate. So it's set for rapid initial then a minimum payment once it hits the 30% remaining mark.

>>10430661
Looks like hes actually retired now.

>>10430632
A 10% drop for Amazon would be the start of the next global financial crisis.

>>10430636
hell give it back
best part is, hell prolly blow it before even considering the short term taxes hes gonna have to make

>>10430632
yea im aware.
im not shorting AMZN directly. dont need the grey hairs
im long VIX because vol is too low for ER season. thats my gamble

>>10430581
>Ford
What do you ever hope to achieve with this stock? ATH of 5yrs ago was 14$. This shit is gonna go sideways for a while, it's never gonna beat S&P500

>>10430670
>retired on 450k

I'd bet that boy is frothing at the mouth right now thinking about how he will be a multi-millionaire living off of dividends by the time he is 25 at least. He wants to put that money to work beating the market.

>>10430673
He won't have to pay taxes if he loses it all gambling on options before the year's over though kek

>>10430673
how to long vix? uvxy puts?

IS THERE ANY HOPE FOR FACEBOOK?

Chances that it turns into Facebook holdings and a normies grandeloquence dies with the sell of Instagram?

>>10430694
Its called a trade
I always buy at 9.99

>>10430694
It's a good stock to swing trade, you could probably make an easy 10% swing from $10 to $11 in a month or two.

>>10430701
incorrect actually
options losses have a cap for write offs i believe

>>10430705
i got VIX calls since theyre dirt cheap rn

>>10430698
best of luck to the dopey cunt then, markets crashing on the 1st though so he better play it smart.

>>10430710
oh god this kind of drama is gonna get me buying calls

the network is still there, they just posted shitty guidance

>>10430670
that will last a week, he'll be gambling on earning with retarded OTM options again in no time

broke in a year

>>10430670
Around 40% of that goes to taxes. He’ll have a little over 270k left.

>All this talk of auto/credit card/mortgage debt

We 1928 now

>>10430626
btw
thx SPY
i owe ya a beer when this is all said and done

>>10430749
interesting times for sure

>>10430730
Really? They don't cancel each other out if the gains (losses) are realized in the same calendar year?

I mean, if I made $1 million on a couple of stock trades and then turned around and lost $950k on a couple more within the same year then I'd only be on the hook for $50k worth of capital gains. Does trading options not work that way?

Futures does and it's easy as fuck to calculate, all you need to report is your net gain or loss for the year, you don't even have to itemize every trade with futures.

>>10430730
calls on what ticker?

>>10430622
>wallstreetbets
Tfw he uses these gains to buy majority stake in HMNY

Anyone else load up on FB on this dip? 176. The 100ema weekly held as support

>>10430734
well we know he wont

>>10430769
>Really? They don't cancel each other out if the gains (losses) are realized in the same calendar year?
good point im retard
but apparently you can only write off 3k and the rest gets rolled off into next years taxes

>>10430773
lol
on $VIX m8

>>10430749
I can’t wait for Hoovervilles to make a comeback.

>>10430782
Dip? Do you really forsee facebook coming out with any news that will pump thier value up? Figured it was just a dying platform

>>10430790
Ah, well yeah that's standard tax shit for if you have a net loss at the end of the year.

>>10429981
Ok but what if I lose 6% every month?

>>10430667
Hate to hear that. It's morbid of me to mention this, but if the drunk faggot is alive, or his spouse is, and it's been less than two years you could sue for quite a bit of money.

It's time for the Lunchtime Checkup!

What're you eating how're you doing?

I'm having a pulled bbw chicken slider with jalapeno bacon and waffle fries. I'm bouncing between even and 1%. Going to pick up my friends new kitten tonight!

>>10430804
>pic
oh shit
wtf are you doing with a picture of my mescaline spirit animal?

>>10430807
im sure that reddit cunt will lol

>>10430796
Didn't that already happen when Occupy Wall Street camped out in the parks in NYC for several months? I don't even know what they were doing there besides getting high and raping unconscious girls.

>>10428835
haha epic

>>10430823
Then you budget, refinance, and live within your means dumbdumb.

HMNY'd yet again.

>>10430825
That bacon looks like a whale.

>>10430769
>>10430790
>>10430807
The way it was explained to me is that it’s realized gains that you pay on. If you made a million and then lost it all in the same year you’d only owe on 50k. Your broker does the math eoy and sends you a 1099b.

>>10430825
OOOOOOOOOO YUM

I want to buy a Twitter call on Robin Hood ahead of tomorrows earnings and have no idea what I'm doing. Somebody help pls

>>10430825
Ooh those waffle fries! I'm sweating bullets trying to figure out which UVXY calls to buy, congrats on gettin a kitten!

>>10430804
Instagram ?

>>10430825
JUST'd by BUD, winning with AMD, and laughing at my two shares of HMNY. And eating CLIF bars.

>>10430833
all the antiFED guys got chased out of there.
the commies that stayed got subverted w D&C SJW shit (this was when this psyop first got deployed on the masses)

that occupy shit was spook city after about a month
>t. knower

>>10430853
yea ur right, i was retarded

>>10430833
No they were just retarded protesters. Hoovervilles were actual homeless camps.

>10430622

If I made that kind of money I'd hire a world class dominatrix and get absolutely destroyed

And leave my wife

>>10430870
Whats instagram gonna do ?
would you buy the company for 4 billion if you had it ?

Who else /proud owner/ of slavery?

I'm liking the TA on amrs, strong pressure forwards the resistance. May run again.

>>10430651
I literally just guess

I have been doing stocks for 4 days. I have worse luck on puts overall.

>>10430883
The ultimate "The Man" job on earth is FBI undercover into any political movement not R/D.

>>10430854
You're right

>>10430881
I'll have a Bud this weekend in your honor

>>10430921
i am intimately aware w this reality my fren

>>10430901
More user retention more revenue.
Probably wouldn't.

>>10430887
I have a feeling that modern day Hoovervilles would be populated by hyper-liberal 20-somethings who are loaded down with college debt and have degrees in unemployable fields just like Occupy Wall St. though. People with degrees in relevant fields and people who work in trades or manual labor will still have a lot of job opportunities. It'll be the useless people in HR and social media management who get the axe first.

>>10430904
I own BA, they don't use slavery or child labor but they do enable a lot of bombs to be dropped on 3rd worlders which is just as worthy a cause as slavery IMO.

Guys do I sell Amazon or hold it :(

>>10431031
Run with the wolves, Hold that shit and dont get bit.

But then again did you see the blood moon this morning?

>>10431031
Sell you dumb faggot

>>10430985
this is unironically why i cannot wait for the next recession

people w real trades are gonna be a-ok and commies/college grads will starve in the street

>>10431031
most likely

>>10428544
Advice for all you stock fags: Skip the (((kyc))), trade stocks with crypto: 1broker.com

>>10431052
>>10431054
Ok I'm going to sell. Ford looks like a good pick-up. I'm going to buy some stocks in Ford right now and once the Amazon ER is out today, see what happens with the rest of the market, and then buy Ford calls for late August.

Are late August Ford calls a good idea in /smg/'s opinion?

Who else sold DRUS this morning and bought it back when it was -20%?

so long TLT is the trade rn imo senpaitachi

>>10431079
>trade stocks with fake money instead of real money
sounds gr8 where do i sign?

>>10430433
>misquote

>>10431099
1broker.com homie

Last one I’m doing today
>>10431105
>>10431105
>>10431105

>>10431096
now youre gettin it
i love this stock. so much fun

>>10431094
id rather loose another 20% from facebook than Hold Ford again.
Fuck that stock

>>10431070
Heh, my girlfriend has a Bachelor's of Science degree in fucking photography and has worked in social media marketing for several companies. Since she met me she's gotten her shit together though, has become a realtor, and is now making bank and using her social media & internet marketing skills to sell houses.

>>10430824
It's been a fair bit longer than that I'm afraid.

>>10430694
>what is 4.5 point divi

Hahahahhahaha AMD BOYS WE'RE RICH!!!

>>10431141
its true, the time for the renaissance man is returning
all these poor saps that bought overpriced specialized degrees in specific jobs that were popular before they were going to school will suffer. even more so when automation starts replacing even the specialized jobs

itll be the people who are good at a little bit of everything that will still be able to eek out a living in the world of tomorrow

>>10431170
damn i sold at market open at 17.1, i fucked up huh

>>10431259
nothing wrong w locking gains
you didnt ride over the top, and you can always get more later after the rest of the idiots ride over the top and panic sell

>>10430912
>have been doing stocks for 4 days
>>10430024
>I made 350 dollars last week
So you are lying and giving financial advice as a total newbie.