/biz/ - Business & Finance

When britain crashes out of the EU will there be any good deals, or is it already priced in?

Im a security guard at CSCO in silicon valley AMA.

For the most part i just steal snacks from the executive briefing center and close doors that people leave open, but i have access to almost every door on the campus.

>>11179861
You should steal all the onions.

>>11179752
AMD $40 by end of year screen cap this

>>11179770
You could potentially make a little money off the exchange rates, last time when the first vote was held the pound went from being like 1.25 EUR down to like 1.06, when they officially leave the same thing might happen again

https://www.youtube.com/watch?v=q0pdLCQy8l8

SPX..... U

>>11181142
Went in hard on Friday, it was obvious they wanted to drag the drop out for this week.

>>11179752
I deposited $20,000 in RH, give me some speculative buys

I was thinking of putting $10,000 into PSCH instead of actually researching all the small cap health stocks myself like an autist

>>11181592

How about using $2000 to speculate then do research and invest smartly for the the other 18k?

>>11181735
I have way more than $20000

I invested into $MJ, $AMZN, $AMD, $AIEQ and all of those so far outperformed the total US stock market (10% YTD)

get cucked

>>11181735
I forgot, I bought $MU at $44.45 average just now, hopefully it will have some good returns over the next two years or so

>>11181592
buy GALT

RATE HIKE WED
A
T
E
H
I
K
E WED
https://www.youtube.com/watch?v=teonOcW_m20

>>11179944
>>11180002
What are the highest risk/reward options strategy? naked puts?

>>11182623
Naked OTM puts.

>>11182640
ELIR

>>11181773
You can't buy stocks over the weekend

>>11182791
because it's going to be the weekend forever and ever

So in the event of a recession how do you make money? Do you focus on inverse ETF's as the market goes down? Focus on consumer cyclical and defensive? Gold?

I was in my early naive 20's when the '08 crash happened so all I saw were the end results of the crash and then the subsequent shiftiness of the job hunt when I graduated into recession. I just want to be prepared when things go tits up.

What are you all doing to gear up for the next market down turn? What should a newbie keep his eye on so he doesn't get flatted? Suggestions are appreciated.

>>11183298
You buy bonds, fed slashes rates and you make an easy 10%

if the recession doesn't come, you make an easy 3%

>>11183298
Kneepads
It's going depression this time not recession

Normies are so bad with money it physically annoys me

>>11183372
b-b-but muh luxuries


no you don't need those gucci sandals
npcs were a mistake

>>11183372
How are they bad with money?

>>11183335
Bond do seem to pose a safer investment, but are there any opportunities to be had when like the S&P 500 drops? I'm right now building a list of companies I'd like to buy into but ideally I'd figure out a way of making money on the way down in order to pick up those companies with house money.

What is stopping me from just dumping everything in VTSAX.

>>11183474
Inability to save
Living paycheck to paycheck.
Not being able to see a month ahead of them.

Why is the canadian stock market so good? I've invested in Canopy and Aurora in mid 2017 and I've made so much cash so far. I'm able to pay for my studies and an appartment with this + the XRP pump from friday without working

>>11183572
Is this really true? I thought this was just a 4chan meme.

>>11183298
the ‘08 crash was kind of a perfect storm of bullshit it’ll always be hard to predict something like that happening

I mean anyone couldve told you that housing prices were too high but no one couldve told you they were about to literally implode and drop -50% to -75% or more overnight because it had all been propped up by millions of loans that were more or less illegal

then lehman brothers collapses because they borrowed 600 billion dollars to bet on the housing market, nobody even really knew they were doing this because they fudged the numbers on their balance sheets, they file for chapter 11, suddenly theres a 600 billion dollar fucking hole in the US economy which is like getting hit with a fucking nuclear bomb

it’s hard to imagine something like that happening again and even if it did it would be pretty fucking hard to predict given how much crucial information was just straight up misrepresented

>>11181765

LOL

thinking of buying wti crude when the market opens, anyone else?

>>11183573
>Why is the canadian stock market so good?

First economically relevant country to federally legalize the dude weed. That's all. Speaking of which, it appears weed sector may have one final push before October 17th (legal sales day). Some news and biz news sites have put fucking countdown to legalization timers on their page. Once the dust settles i will return to weed biopharma and then next year look in to whichever companies seem to be best positioned to capitalize on the delayed edibles roll out.

>>11183702
Coca Cola is poised to get their stocks up if the weed drink is real along with aurora

>>11183702
>it appears weed sector
oh god it’s its own sector now?

I did well with NBEV last week. Played with it four times, failed to stay long enough or leave in time each trip, but still came out ahead each time. Is anybody still holding/planning on buying back in tomorrow?

>>11183591
Yes, they really do spend money on consumer shit, fashion, go on shitty package holidays/cruises, and take 30k loans for new cars
t. have a normie family that does this shit, fucking infuriating

I made a shittone of money this two last years in crypto, just bought some calls on btc and im out.

I wanna get into institutional options trading (just copypaste them), but cant find much on the subject, im not the average biztard, what do? Something on blocks buys/sells and why they arent show into the vol charts? How to track TnS properly?

>>11183650
You're absolutely right, but with market so red hot right now, unemployment low but most importantly wages stagnant and debt rising, I'm getting a little anxious which is why I'm trying to position myself now because as nice as it is to see the market going up and up we will see a correction. It's like singing a note, beautiful as it is you can only hold it for so long before you need to take a breath.

>>11181592
Best memes are probably NLST and NBEV, Netlist winning a settlement for 100M from Hynix would cause a giant move and Coke or Pepsi buying NBEV to make Cannibus beverages and Marley drinks, also a huge gain. Arguably, NBEV could go down further so be careful.

>>11183910
>I'm getting a little anxious which is why I'm trying to position myself now because as nice as it is to see the market going up and up we will see a correction
sure you’ll see a correction but you shouldn’t be buying bonds just because you think there’s going to be a market correction

it takes a looooot of pressure for interest rates to go down relative to how easily they go up. Just because the market dips doesn’t mean the fed is going to slash rates. The next market downturn will probably be more akin to the dot com bubble which A was predicted by economists but went ignored because a bunch of zoomers thought the old boomers didnt understand the internet and B killed off a bunch of IPO memestocks just looking to milk market hype but AMZN AAPL and MSFT and other, yknow, actual buisnesses all dipped in value at first but recovered quickly.

>>11183796
yup

>>11184042
>went ignored because a bunch of zoomers thought the old boomers didnt understand the internet
Sounds like crypto.

I've made a pretty penny from weedstocks but it seems the sector is slowing down. Should I invest take my winnings and get into options or cryptos?

Plan for the week is to slowly average in to Canopy Rivers. I started Friday afternoon with small orders and have a series of limit buys set at low increments. Low clue whatsoever about where the low will be other than somewhere above the private placement price of 3.50. It closed at 7.75 on Friday, i have another small order at 7.00, medium sized orders at 5.00 and 6.00, and a monster long haul freight trailer sized one at 4.00.

Price target for this swing is 9-10 bucks. 10 was the inflated opening price on listing day so there will be resistance there. It should head that direction on technicals alone. With exceptionally good news, maybe brief peak of 13-15 buck (short term).

>>11184205
Hope you're right, I still have a few shares of RIV at 9.5

>>11184135
Crypto looks somewhat bullish at the moment. Acreage Holdings will list on CSE probably a few days after November 6th (that's final vote day on their RTO). I think Canopy Rivers will make a move but, as noted above, it needs to establish a low support first. RTI had strong buy volume Friday afternoon so something might be up with them, news wise.

LABU LABU

>>11179752
Im thinking of quitting my shit job and trading full time.
So far its only something Ive been doing on the side for extra income.
Ive missed out on some serious gains since I can only trade during my 30 minute lunch break though.
How many of you trade professionally?
sounds pretty kickass to work from home.

>>11183372
>>11183572
>>11183887
I think part of the blame is on the school system for not accurately teaching generations how to manage money, invest in it properly for returns, understand how interest rates and work for AND against you, and responsible spending habits. This is the elementary stuff they need to teach starting in high school, the average Joe probably couldn't even tell you how the stock market works.

>>11184042
>It takes a looooot of pressure for interest rates to go down relative to how easily they go up.
That's actually a fairly good point I didn't think about. Right now my general focus is very basic just investing in low cost index funds through my 401k plan, if I have any money I put a little into my Roth IRA but it's just figuring out where it specialize the allocations for best return which is tricky. I'm starting to get to the point where I'm not so sure so I'll be switching to 70/30 (save/invest) so that when there is a dip I can position myself well. Just trying to manage being defensive while capitalizing on an opportunity it kind of confusing, I guess I really have to focus things a bit more instead of wildly throwing cash around, I just don't' want to miss an opportunity or get blindsided.

>>11184342
i don't even know how to successfully trade, what do you trade?

>>11184342
Ideally you should have like 100k in boomer dividend stocks and use your job income to also help you grow. Throwing everything in to just trade has ruined many.

>>11184342
Terrible idea
You need multiple streams of income, and you probably arent a good enough trader to keep it up for decades

>>11184363
>This is the elementary stuff they need to teach starting in high school

Agreed. There was one single semester class i took in highschool that so much as broached the topic, and even then it was extremely basic stuff like how to budget. Thin coverage of tax and essentially nothing on inveating. Economics in current day practical sense (rather than a history of...) should be a mandatory series of classes in grades 9-12.

>>11184408
Now im imagining a bunch of 18 year olds realizing that they can trade options and that its basically blackjack.

>>11181142

>>11184342
I am part-time trader and part-time wageslave for the time being. At wageslavery posting on phone right now. Goal is eventually full-time trading with some more or less passive side hustles to shore up the safety net.

im not feeling good.

>>11184480
where's your mind?
maybe it's in the gutter
where you left your lover
what an expensive fate
your v is for vendetta
you that thought that you'd feel better
but now you got a bellyache

da dum dum boom bada dum dum boom.

>>11182623
I'm the guy you are quoting from that thread. The highest risk/reward aren't exactly typical risk/reward like in stocks where you buy some really volatile stock and if you get lucky it pops. Options have a variety of mix/reward profiles due to the 2 types of contracts and the ability it to buy/sell in combination with their greeks. On one end, you have higher probability strategies with very low reward like selling naked calls or puts far OTM. Usually nicknamed "picking up pennies in front of a steam roller". Pretty much earning a baby amount of credit and hope you don't get blown out by your obligation if the stock makes some huge move against you. The other end you have high gamma, close to expiration buying of OTM calls and puts. Usually their theta is maxed, and if you put in a lot of money into them, usually it's going to evaporate. But if you get lucky, they absolutely explode and you'll see 100s or even 1000s% returns in a day. If I recall, wall street bets calls this FD (faggot's delight).

>>11184367
Whatever has potential at the moment.
Right now that happens to be weed stocks.
That could easily change as soon as monday.

>>11184368
>>11184388
You guys are probably right.
Im still tempted to do it though.
Probably gonna quit soon anyways because it feels like im going to die before 40 at this rate.

>>11184443
I would do both if I could, like if I had an office job or something where I could keep an eye on the markets during work.
We cant have our phones on us while on the factory floor, so it makes it kinda hard.

>>11183887
>30k loans for new cars
That sounds painful.

>>11184582
I'd like to build up to a safety net of 1 to 2 year's expenses, then get my stack tall enough that it reaches a floor level such that a conservative estimate of my average gains is 2x what I need to live comfy and then take the plunge. That's the dream for me.

>>11184577
Thanks. a bit too risky for me but good to know.

>>11184649
Yeah, you don't need to gravitate towards just those two. Somewhere in the middle, and you can still use options safely. That's why it's important to have a fundamental knowledge how all the basics and their greeks, so you can shape the profile of the trade exactly how you want. People in this board just use options have free leverage, but they don't realize that even though they aren't on margin and there is no interest, the leverage doesn't come for free.

>>11184577
>FD (faggot's delight)

Cute.

>>11184577
Is it a bad strategy to Buy To Close contracts that have a long expiration date but a low strike price? Would that be better to run with if I think the strike price is going to be significantly lower than market price at the expiration date?

>>11184701
If you are buying to close, that means you had a contract that was sell to open and are exiting that contract. And your question depends on what kind of contract you are asking. So I'm going to make some assumptions:
I'm assuming you meant buy to open.
I am assuming from your question you are talking about puts, effectually far OTM PUTS.

So after those two assumptions, what I (think) you are asking is:
is it a bad strategy to buy to open long dated (or potentially LEAPs) puts that are far OTM (out of the money) if I think eventually the stock will bleed out significantly over time?

So your question is interesting. On one hand, going with a long date (aka far away expiration) put would make your theta lower, and give you more time. However, on the other hand, being OTM means you have less delta/gamma starting with, so the bleed out you describe better be significant. So if it doesn't bleed out enough/fast enough enough, your theta may nor may not overpower the move. At the beginning theta will probably not hurt too bad, but as things move forward, it might get dicey. So I can't say for certain, though I will say that most people that do this strategy don't go for far OTM because it is still a lower probability strategy. IF you happen to be right in these respects, you'll see some good returns though. Most people would go further ITM so they already have some of the greeks helping them out and thus increase their probability of success, even if the potential return on capital would be lower.

I will say for the sake of answering your question, I completely left out implied volatility out of the equation, but that is also another HUGE factor that could impact profitability. Honestly, I'd say it's the biggest one that causes new people to lose money because even though they understand the idea of delta and theta, they forget that IV heavily shapes the prices of options. (I'm going to stop here because I'm at the char limit).

Weekend Survey

What company owns your shampoos and bodywash?


For me: Suave, Dove (Unilever) and for bodywash a Softsoap (Colgate palmolive)

Just sitting here waiting for futures to open.

I don't think the China tariffs and China cancelling trade talks were priced in.

It's going to be an interesting week.

>>11183910
How is the market red hot? Earnings are the highest they've ever been across the entire industry. Nothing speculative about it. If you ignore FAANG, growth has actually been lower than would be expected under these conditions. We just had a significant correction of 10% in February. The last one of that magnitude was two years prior, so you're beating yourself up over nothing.

With the questions about options, let me just say this: it isn't anything profound, but for the newbies that are excited about options now that RH has opened them up: you should really understand all these terms and the mechanics of options before hopping in. It seems obvious, but options aren't like stocks. Stocks are pretty easy. You hop in, type in a ticker, hopefully buy for a cheap price and sell for a high price, and shorting is borrowing to sell at a high price and buying back for a cheap and keeping the difference minus any interest. Barring a few terms like limit vs market order, stop loss, it is really easy to dive in and get a trade going and at least understand a bit of what's going on. With options, you guys really need to be careful. You should understand the foundation of how these contracts work, what the greeks are and how they impact prices, and what implied volatility is and how it impacts option price. I've lurked /biz/ for a long time and when I saw RH release options, I watched /rhg/ or I guess /smg/ now, and I've seen the way people talk about their contracts here, and some of the way they think about things is absolutely wrong and places them into a vulnerable position. Ideally, you should be able to calculate break evens of multiple option strategies without the broker showing you, give me your opinion on implied volatility of the stock (or at the very least, tell me what IV movement would benefit your position), tell me how the greeks impact your trade if the stock moves a certain way or how time will impact your trade. There is a lot of opinions of how to trade options and if you are educated enough, you can tease out good from the bad.

>>11184836
high ridge brands
cheap and gets the job done.

>>11184808
I must not fully understand the difference from Buy/Sell and Open/Close yet with contracts. It seems that selling actions though holds most of the risk since they are obligations. Do options contracts have to be filled at their expiration? I know that some market orders and limit orders for stocks won't go through sometimes, but is that true for the actual options contracts as well, that they won't be exercised?

>>11184878
R A T E H I K E
A
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H
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E

>>11184930
And another thing is that with options becoming more popular among millennials, a lot of educators are trying to push on certain trade styles. Day trading for stocks, before RH at least, brokers absolutely loved it. It made people trade a lot of little trades, which racks up commissions. And the retails thinks it is safe because they are spamming small trades and closing at the end of the day each day. AND the big boys loved it too because most retail is terrible at day trading and over trading destroys their accounts and lets the big guys pull in more money. So brokers pushed educational content that talked about day trading and a lot of educators will give "hot tips" on how to do it properly. Now it's not to say day trading is bad, but it's one of those situations where you need to be aware when you read online. Options are like that too. Tastyworks, the thing in your sticky? That company has a similar philosophy. Their educational content is all about selling a whole bunch of small contracts that are around 30 delta, that are 30-60 days from expiring with high IV. And when you read their logic, it makes sense! And it seems safe. And it can work, but you need to dig deeper than that, otherwise you'll do what I've seen other traders online do, just sort of bleed your account over time. It also, surprise surprise, generates a lot of commissions for tastyworks. Also remember, Tastywork people are the ones that made the thinkorswim platform and then sold it to TD Ameritrade in 2009. And had a promotion in regards to option commissions with them. Now I'm not demonizing them. Tastyworks has some decent option info for a beginner, and they have a great platform with a great commission rate, but you should be wary of their biases, just like in the stock trading world.

>>11184930
>>11185029
Where does one starts learning about options?
inb4
>just google it/investopedia/read a book!
There's way too much content and it's overwhelming. the vid in OP is terrible too.
Any tips or a good options 101 you can vouch for?
Like you said with all the scammy tactics brokers are pushing it's hard to know what to believe.

>>11185099
Its simple as fuck you...

>stock is low
>buy 1-2 month slightly otm option

Thats it

>>11185099
>this hard thing that i want to learn takes a lot of effort

fuck you

>>11185099
https://www.youtube.com/watch?v=TBAQtjyqNHw Options Basics I
https://www.youtube.com/watch?v=SuTTzfa4ePE Options Basics II

>>11184955
Selling holds more risk, but you can shape the probability so the chance you'll make a return can be much higher than buying.
>do option have to be filled
No, people may not want to actually buy the stock and may opt to just sell their contact back to the market for a nice gain, but that is a risk you must consider, especially as expiration draws near and if it is potentially profitable to activate the contact (contract is ITM or if dividend makes it worthwhile enough). There are 2 types of option activation styles: American and european (nothing to do with the countries). American can be activated anytime during the life of the contact, european only on the last day. Now, imagine you sold a call. So someone on the other end has that call and decides to activate it in the middle of expiration because the contract is favorable and they want to capture the dividend before the ex-dividend day. That's a risk you need to consider. It's not high, but it's a real possibility. Most equities are American style. Usually it is things like index options that are european style. The CBOE has a list of european style options on their website. And to answer a follow up question, there isn't an actual person on the other side of the contract, the CBOE has a pool of sellers at that strike, and it randomly gets assigned. So your broker will notify you if it happens.

>>11185114
>>11185129
>>11185137

If you are having a hard time understanding options best bet is to not fuck with them just yet.

>>11184955
>I know that some market orders and limit orders for stocks won't go through sometimes, but is that true for the actual options contracts as well, that they won't be exercised?
I'm sorry but I don't understand your question. Those topics aren't related. If you are asking if people opt to not activate their options at the end of their cycle? Absolutely. Remember my linked post to the previous thread: buying contracts gives you the RIGHT aka the CHOICE to buy/sell the stock at the strike price. They are under no obligation to do so. (I will say that some brokers will automatically do so if the contract is ITM at expiration, even by 1 cent, so make sure to turn that setting off/contact your broker so they don't do that while you are away from the computer). That's why they are the ones paying the premium! It's like paying a $10 deposit on a ticket to get it at a guaranteed price. If you decide not to go to the concert, all you lost was the deposit rather than the hundreds you would've spent on the ticket.

>>11185148
>And to answer a follow up question, there isn't an actual person on the other side of the contract, the CBOE has a pool of sellers at that strike, and it randomly gets assigned. So your broker will notify you if it happens.
This is useful to know.

>>11185174
>If you are asking if people opt to not activate their options at the end of their cycle?
That's what I was meaning.

>>11185174
I somehow made $110k this morning and I'm still not totally sure how
https://www.reddit.com/r/wallstreetbets/comments/7w6cq0/i_somehow_made_110k_this_morning_and_im_still_not/

I turned $500 bucks into $10,000.00, and lost it all. Three different times. Hopefully my story helps others avoid the mistakes I made
https://www.reddit.com/r/investing/comments/23c0wa/i_turned_500_bucks_into_1000000_and_lost_it_all/

So it's really just gambling.

Yeah Im pretty sure my FNGU is gonna get absolutely raped tomorrow
Buying hedge at open

>>11185178
Sure, I know people often wonder how it actually works. It's just like in stock trading, maybe you bought from one guy, but then you sell to another. It's all in the buzz of the market place. If a buyer of a contract at that strike decides to activate, all the current sellers that are still open, are in a pool and will be randomly selected to fulfill their duty.

>>11185099
This is hard. Because I didn't learn from one resource. I had one that gave me the foundational/definition knowledge, and then another one that started giving me functional knowledge (how to apply concepts and practice calculating things), and then just non stop reading to understand tweaking the idea of application. Unfortunately the one that gave me my basic functional knowledge is now gone. I use to go home after working all day, and just sit and read and practice this for hours before I went to sleep. How much do you know about options/what's your current understanding level?

>>11185218
>ratsu a bear
NOT GOOD

>>11185217
Hahah that was you? Interesting. That second story about 500 to $10k, I read it long ago. I'm familiar with the story. I wouldn't say options are gambling anymore than stocks are. He just happened to use them the same way people here. Just using them as cheap leverage and hoping they are right. It isn't a bad strategy anymore than anything else in the world. But just as you can make huge money with it, you can lose an entire position very quickly too. Just like how people here like to play meme stocks for a pump. I'll try to read your story and see what happened.

>>11185269
I have no choice, thats the way of successful leveraged trading
This news is fake as fuck though, Buy the dip

>>11185298
No this ain't me, but it's funny to me the guy didn't even knew what was he doing and somehow turned a huge profit.

Basically:
>People who are long the options have the choice to exercise them even if they are out-of-the-money.

>SPY closed at 267.67 yesterday so normally all of those options would expire worthless. Since the stock went below 266.50 after the close, people who were long the 266.5 put chose to manually exercise them since they were in-the-money at that point.

>I believe you are assigned options on a proportional basis of the total outstanding, so since you got assigned on 863 of the 1000, 86.3% of the 266.5 puts were exercised.

>It's usually wise to close out of a short option position when it expires that close to the strike, since you can be assigned on an unpredictable number of them.

Too many variables compared to stocks, just like you pointed out earlier. thanks anywho.

>>11185336
>>11185298
also
>I think the system didn't take into account that the puts were expiring.

>Probably an abuse-able glitch in their platform coding.

prolly an Etrade fuckup.

I'm gonna OHNONONO so hard all this week.

>>11184119
>Sounds like crypto.
I guess it does huh

>>11185298
>>11185217
O wait never mind, you were just putting that story to make a point, that wasn't you. That first story happens occasionally. So I don't know how to explain this without knowing what level you are at. But let me try. So when sell a spread, you are selling for a premium, just like my previous examples in this thread >>11179944. However you can cap your losses from potentially infinity to a defined amount by buying another option to cover you the one you sold. So the difference between the two makes a spread of your max loss, hence the name. Now usually all works well, but for him, what happened was his sold contract got assigned because it was was worth activating for someone. If something like this happens, the broker usually auto activates your back contract so it gets covered. Problem solved no worries, it all worked out. RARELY this doesn't happens and the broker auto sells for you, so effectively you just got those shares added to your account and sold it effectively. Usually if something like this happens you'll be getting a call and they'll be pissed because something went wrong and you shouldn't have been able to sit on that. He literally just got lucky that not only was he not auto activated, but that the market was in the right condition to where he didn't lose hundreds of thousands of dollars and that it was placed JUST right to make him $110k. Don't take that as a normal scenario.

>>11185302
/TQQQ crew/ is grateful for a crash so we can buy more at a discount

>>11185336
Yea a lot of variables, especially time and implied volatility which make them a bit scary to enter. But you can use them properly and do some nice stuff. Hell, you can use them to hedge your portfolios for your long holds so you don't get slammed during hard bear markets. They don't have to be all gambles and big swings. Many different styles with this instrument.

>>11185452
>>11185486
Thanks for the input. time to start delving deeper into it.

>People still haven't learned to buy the Trump dip
Friendly reminder that BA is up +135% since Trump shit on them for making new Air Force One too expensive

>>11185549
Do you have any background/foundation with them?

>>11185549
>>11185571
If not, what I used as my first article for foundational/terminology learning was this:

https://www.investopedia.com/university/options/

I'm looking through it now, it seems they get most of the information the same, though they have expanded the table of contents and now there are videos plastered into the website.
>pic related
It's the notes I use to take from the article to explain the concepts to myself better.

>>11185571
Not really. got a few books to read up on it.

>>11185635
Thanks OptionMaster, your'e probably the most knowledgeable guy on /smg/.

>>11182364
This. 20k in galt and you'll looking at 30k by Friday.

>>11185569
Didn't Trump approve the release of Comey/FBI messages last week. They should be releasing them slowly starting this week.

A market correction would be the perfect distraction heheheh

>>11185723
>market crashes
>buy UDOW at the bottom
>retire 3x as fast

>>11183298
you will be an old man before seeing 08 crash again.

>>11185685
Best of luck man. I'm sorry I couldn't get you the other site, they've since shut down. I think they closed early 2017, otherwise that would've had little practice problems and a nice way to start understanding the application and what a potential platform might look like in a structured format. The closest thing to it MAY be TD ameritrade's option course, but I have only looked at that very briefly. Other than that, I don't have isolated resources, as I would just read articles and papers about different concepts about options that I saw mentioned and wanted to learn more about. Maybe I'll make a trip, so if someone needs to ask a questions, I can try to answer.
>pic is TD Ameritrade's video learning and there are entire courses as well that should have practice problems and situations.

>>11185795
The 08 crash was the last hurrah of the 2000 crash. There was hardly any growth between 2000 and 2008.

>>11185796
Seems decent enough. Investopedia also added short video tuts to their text guides.

>>11185819
>There was hardly any growth between 2000 and 2008.
the finance sector experienced huge growth

fuck you, mgm

Most online brokers charge fees for being inactive. What if I want to hold Stocks ?

>>11185884
I still stand by my statement.

>>11185910
just use robinhood for actual trading, they let you buy and hold for free

>>11185921
it’s nonsense

>>11185965
S&P500 is similar.

>>11185943
I'm from Canada so i can't use this platform.

>>11185910
either meet the min balance (im not sure any reputable brokerage charges a fee if you hold at least $5k or so) or fucking use vanguard. vanguard is the credit union of brokerages.

>>11186046
https://www.firstrade.com
https://www.tradezero.co/

https://www.stockbrokers.com/review/firstrade
https://daytradereview.com/tradezero-broker-review/

>>11186046
>>11185910
>Most online brokers charge fees for being inactive.
how do they define "inactive"

can you just set a reminder on you calander or alarm clock to log in once a month or whatever? or do you need to make x amount of trades every month? you could own some low volatility stock that you can sell then buy the next day once a month for minimum loss, or if you have enough money do a day trade or two once a month, but again id recommend writing down a set date to do it in your calendar

or find another broker

>>11185910
Have more than 100k USD and they waive the fee.

>>11186104
For IB its if you do 10$ in comissions a month you dont have to pay the 10$ inactivity fee.
Every dollar you pay in commission is subtracted from it.

>>11186046
>>11186083
nvm
>No, at this time Firstrade is unable to accept accounts for residents of Canada.

tradezero accepts Canucks tho.

>>11185910
find a brokerage that doesn't do this, there are many

>>11186027
>wow tech stocks were outlandishly overpriced during the biggest tech bubble in history
no way

r8 or h8
IDGAF

In fact, I do want constructive feedbacks as I want to be a professional company anal-ysis memester

WTW tomorrow

>>11186346
its logical

>>11185719
Thought that was a long term hold and not a moon mission?

>>11186466
it is a long term hold, but cancer data came last week (and was good), so it should go up a decent bit in the short term as well

>>11186493
>>11186466
it specifically came last thursday
it spiked to $7 and then dipped because some analyst wrote a misleading FUD article about it
overall analyst sentiment about GALT is good, though
i'm expecting it to recover from the pullback on friday and spend next week going up

https://www.smarteranalyst.com/brief/h-c-wainwright-keeps-their-buy-rating-on-galectin-therapeutics-galt/

>>11186522
to clarify, I'm referring to the pullback that happened last friday, meaning I expect it to recover this week, not the week after next

>>11186493 (You)
>>11186466
it specifically came last thursday
it spiked to $7 and then dipped because some analyst wrote a misleading FUD article about it
overall analyst sentiment about GALT is good, though
i'm expecting it to recover from the pullback on friday and spend next week going up

https://www.smarteranalyst.com/brief/h-c-wainwright-keeps-their-buy-rating-on-galectin-therapeutics-galt/

>>11186493
>>11186466
it specifically came last thursday
it spiked to $7 and then dipped because some analyst wrote a misleading FUD article about it
overall analyst sentiment about GALT is good, though
i'm expecting it to recover from the pullback that happened last friday and spend next week going up

https://www.smarteranalyst.com/brief/h-c-wainwright-keeps-their-buy-rating-on-galectin-therapeutics-galt/

>>11186569
took me a couple tries to get that post right

Futures gap DOWN

>>11186493
>>11186540
>>11186557
>>11186569
fifth time the charm?

>>11186597
fuggg

mfw FNGU on discount this week
Load up

>>11186617
i kept trying until i got it right

>>11186597
BOGDANOFF

I'm going to make some serious cash tomorrow, aren't I?

>>11186620
BUY ALL PIC RELATED

>>11186796
Don't know. What are you holding?

>>11186811
>deffinative

opinion discarded

>>11186796
If that is the case, please make a delicious dish and share it here

And don't forget the fucking thyme this time Baggu

>>11186825
>mfw spelling

>>11186825
It's Italian. That anon is just really cultured and playing a nice Verdi opera in the background and the Italian word slipped in.

>>11186796
No, Cuckerberg will enact the buyback

i have puts on spy, msft, and v. am i gonna make it

>>11186913
I'll give you a strong maybe

>>11186938
can u give me a quick rundown on futures, i dont trade them, but how can i use them to know guage the market?

>>11186954
Up is Up
Down is Down
Sometimes they work
Some Times they Frown

>>11186597
>2 put contracts on SPY
Where is your god now buffet fags?

>>11186816
pic related.

>>11187010
My nigga.

>>11186336
S&P500 is similar.

>Tfw wanna buy stocks but all money is in long-term stocks and don't wanna spend more saving money on them

>>11187031
I'm only short silver because if there is a huge sell off we'll see an increase in the dollar and that should be show an inverse in the metals too.

>>11187010
What platform is this??
It looks like what traders would use in runescape

>>11187152
Elder Scrolls: Wall Street.

>>11187152
That's the patrician's platform.

>>11185910
if you are euro, there is degiro

>>11185910
Sounds like you need to find a better broker. You shouldn't let your broker take advantage of you while you're trying to rape the market.

>>11186597
china and japan markets are both closed on monday because of holiday so we do not know now their real-time reaction on the trump's tarrifs actually starting this same monday. so without real-time china market gauge, US futures and monday trading will be little bit like headless chicken me thinks

>check canada dry dr pepper product cans
has the Ball logo on it
>rootbeers, COCACOLA cans
Ball logo

Ball is owned by Newell brands, in other words, Newell brands does all the Canning for Dr pepper snapple and Coca Cola
increasing my position tomorrow

>>11187356
whoa, they used to be at like $50 but keep plummeting


wtf is happening?

SO I HERD YOU RIKEY TARRIFFS BIC BOI!!!!

>>11187380
they have shit management but are currently in the process of a hostile takeover

>>11180519
seeking alpha just put out an article saying to short it

I'm honestly lost on whether I should buy more or sell <$33

the futures keep getting more red, it looks like we're going to gap down and everybody who bought anything last week is going to be stuck holding the bag.

>>11187549
I do not have anything left open from prev week, should I short or wait out the dip to stabilize and look for buys again?

>>11187594
well everybody is selling, so you should sell short.

How low should MU go before buying? Long term.

>>11187628
I'd like to see MU closer to 40 before I start buying. If I can buy in that range I will be content to let it percolate over a moderate-term period.

>>11186346
saved

>>11187667
>>11187628
how high will it go when they start the buyback

>>11184135
Cryptoctober seems like a true thing, Options seem bullshitty. People are manipulating stocks so they cause Options to completely expire after an earnings report. Random declines and geopolitical forces are making 1000 dollar options in things like Google or Amazon incredibly risky, TLRY options were retarded and mostly just a waste but the recent puts were godlike. I don't know lets see how these BA and AAPL calls go, I am feeling like covering my Apple but Boeing might make me some money.

>>11185336
Yeah this is the dangerous shit I am talking about that is putting me off options kind of atm, this "well we can't let our friends get screwed so lets drop the price so people lose on these ITM" type scenarios.

>>11187549
Fuck I should have just paid for the goddamn APPL puts... but I had to man mode it.

did the guy that bought LCII make it?

>>11187063
there’s 100% growth from 2000 to 2008 on this chart wtf is your point

>>11187688
they care about buying the shares while its cheap they believe the stock is undervalued. So I expect tarriff fud and market selloff on monday it should be trading pretty badly in the short term if it doesnt go up monday. Either way I expect it to be in 50+ range given a few months at least anything past 60 will run the stock wild.

>>11187755
do not cover apple yet

>>11187851
All I said was that 2008 was the end of the 2000 crash. I don't know why you are arguing about it for.

>tfw your regular prostitute won't answer her phone
WHY

So is monday a good time to buy PSQ because of china trade war?
Im thinking about sinking a couple grand into it.

>>11188033
wtf no dont

>>11188060
Why not?

WHY ARE FUTURES TANKING!!!

>>11188070
because after my meeting with the bogs on Thursday I bought a ton of bear shit.

>>11188081
>hes locked in
>Moon everything at open

>>11188070
cheaper to sink stock prices this way combined with the tariff fud.

>>11188060
Maybe SDOW instead?
This china bullshit must be going to have some effect on the overall market next week.

>>11188106
you've also got the FED shit post coming. It's going to be pretty bloody.

>>11188123
So good time to buy inverse etfs right?
I mean im pretty new to this so im having a hard time trusting my gut on this.

>>11179752
>Suggested books:
>https://pastebin.com/jgA5zTuC
>Ask someone in the thread for the google drive if you want LEGALLY PURCHASED BOOKS

Please?

>>11188144
as long as you take profit and run.

>>11188172

bull run over next week?

>>11188022
>prostitute
thats why, shes "working"

or youre so bad that a prostitute doesnt even need money bad enough to sleep with you
;)

>>11188022
>her
Don’t lie comfy

>>11188159
;)
;)

https://drive.google.com/drive/folders/1rq9DS_rEFIy8JrEeiDDqRhrviAy0Nnqj

;)
;)

>nasdaq futures down a little less than .5%
Tomorrow ain't looking so good
>>11186493
>>11186569
>tfw no bee eff

penis... cock.... manroot... purple mushroom yogurt shooter....joystick.... satan scepter....

>>11188070
>it will happen when the weather cools
this winter will be cold sweetie get ready

>>11187356

>Having a hard time keeping up with cash flow
>paying out more than it generated in dividends
>selling assets to ensure cash flow

No thanks.

>dow hits new record
>crashes
jej

>>11181760
>$AIEQ

based Watson.

>>11188462
CUTEE

>>11188462
show face pls

yeah i mean i was watching the news, and they were discussing how the market was great and nothing was wrong, everything was at a high. That's when you fucking sell.

>>11188614
it's better for namefags to stay an idea, rather than an actual person

>25% into VUN
>75% split between VTI and VCN
What do you think about this portfolio?

>>11188628
this
1/2

25% VCN
75% between VTI and VUN
Any opinions?

i'm torn between wanting more gains and staying invested and being terrified that all of my gains are going to be lost in a giant crash soon. wat do?

>>11188682

>>11188684
Stop being a pussy and find your fucking balls.

what do you guys think about investing classes?
they are a few hundred bucks for several sessions and promise to make you be able to understand and buy securities.

>>11188684
Take profits now then wait for a dip to buy in. Pay attention to futures indicators, when they go green hard is when you buy up the recovery from dips.

>>11188730
They're absolutely fucking stupid and meant to take your seed money. The best teacher is the internets and your own learning experience from losing during the first year trading.

>>11188684
>falling for the crash meme

is not going to crash unless you see interest rates around 6%.

>>11188730
You have the entire internet at your disposal

>>11188730
you can learn everything they teach you on the internet for free

>>11188751
>he thinks there isn't going to be 5 more rate hikes between today and January, 1st 2020

>>11188791
go back to crypto

>>11188791

>>11181142
you promised us Bullish bias

>>11188809
you should know this by now

you fucking zoomers and this fucking free money socialist nigger president you grew up under taught you nothing about how economies actually work. People are going to get fucked hard because of their own stupidity.

How much do you have in a savings account, /biz/?

I’m a retarded rich kid so I literally just have a checking and all my savings are in SPY.

>>11188875
If you didn't take advantage of any tax saving accounts then you're truly retarded beyond redemption.

>>11188814
Based baggy
>>11188875
>having a savings

Remember to buy the massive, breath taking dip

>>11188875
$50(+$25 minimum for account to be open)

>>11188884
>>11188885

That’s what I always read. Why the fuck do they even have savings accounts?

>>11188915

Why bother with it?

>Open thread
>ctrl + f "GTXI"
>No results

The fuck is wrong with you /smg/?

>>11188809
me longing on Monday if make you feel better ;_;

>>11188936
why buy a failure?

>>11188927
money from paycheck goes into checking and savings account (direct deposit)

money from checking account pays off credit card payments (if needed)
money from savings gets chucked into other investments within the week

savings account is just a placeholder, and place to direct online money transfers to/from

>>11188936
Nigger its Blood Monday tomorrow thats what.
If your not buying puts or shorts you hate money.

>>11188955
that makes me feel worse

>>11188965
1) Dead cat bounce
2) Oversold
3) Prostate drug in pipeline and $45M cash on hand.

The company hit a snag, it's not failing. Share prices literally dropped 95% value in a matter of minutes, huge potential upside with minimal risk. What's the worst that can happen, it goes down a few cents? Lol

>>11188955
The only future that matters is the SP500 VIX
VIX is up around 1.15%
We die now, you understand? We all die now

>>11188987
>all institutional ownership deems it a failed company and drops the shares
>he doesnt realize bioshits often go to fractions of a penny
LMAO good luck

Do I take my RIV loss tomorrow or keep riding it out?

>>11188976
get the fuck outta here everyone says this shit every god damn week and we have yet to even hit a motherfucking circuit breaker you god damn faggot

>>11189008
I already set a stop loss. Like I said, worst comes worst I lose pennies on the dollar. But more likely I walk away with some fat gains when GTXI goes $3-4 by the end of the week.

>>11189017
You seem nervous frand.
Dont worry, the market will recover after the crash.... over 30 years.

If MU gets raped tomorrow I will buy and then hold for long term.

>>11189037
The market will return to all time highs next week but your silver will still be sub 14.2

>>11188920
for boomers who think that saving cash is "super smart" because "the guberment" and "muh 1% interest"

>>11189049
>mfw ive been holding since 56

>>11188987
What even is the story behind this? How could a stock drop over 90% between close and open?

>>11189072
>mfw

>>11189063
>the bear will leave his cave forever

>>11189080
All bioshits do this
Just Imao at anyone who thinks they can pick the cancer curing stock

LABU is safer, gene therapy is the future

>>11189092
Metals shills BTFO

>>11189099
>All bioshits do this
only the ones with bad science

>>11189122
i.e all of them

>>11189122
>t. galt shill
youre going to lose your entire 200 dollars man, sorry

SPY 250 tomorrow.

>>11184205

Forgot to mention, I have a day trade planned for tomorrow as well. Namaste Technologies received their ACMPR sales license on Friday, which was announced after close. Normally I don't like to day trade news day pumps but this one is sort of a special case. It's because of the short interest on this stock. There are a fuck ton of shorts that will get squeezed by the gap up immediately at market open. I think it could move as much as 30% intraday because of that.

Pretty high risk trade. I'm confident in my analysis of the situation though.

>>11189190
wish I hadn't sold my position in them after the citron hit but it seemed dire

>>11189190

By 'fuck ton' I mean shorts accounted for 24.7% of traded volume as of September 17th. That is the highest number by percentage the stock has had since May.

>>11189190
Well, namaste to you my brother, we will partake of these gains then send each other spiritual energies.

>>11189190
>Namaste Technologies
ITS WEED ON OTC WHAT THE FUCK NOOOOOOOO WHY DO I USE YOU ROBINHOOD WHEN ETRADE IS SO MUCH BETTER FUCCCKKK

>>11188875
some one robbed my HSA account and I haven't been able to talk to the bank, it's FDCI insured and like 5 grand or something. I mean I go to full war mode and just fucking cut jobs ie. fire the fuck ups that have given me enough evidence, and get forced to maintain my cash cow.

>>11189262
kek i saw that too
dumb 5 ticker symbols

i got like 20 grand sitting in cash.

>>11189292
what do you plan to buy after the bloodbath

>>11189292
that's just a pile of hundreds in a safe

>>11189308
where is this safe?

>>11189307
we have to see whats left on the floor. I know why GE is fucking up. I got these lightbulbs 17 year life. They used to sell a product that lasted 6 months and had to be replaced and rebought. Now fuck I don't have to buy a lightbulb to replace that again for 17 years. What's the worst thing you could do to your own buisiness?

>>11189144
won't happen my guy
labu's gains are driven by individual stocks, there has to be individual stocks that do well for it to go up, it's just that you don't feel confident in your ability to pick them
just because you can't pick good biotech stocks doesn't mean nobody can

>swingtraded HIMX last round
>saw that it was at my buy point, bought $650 worth expecting to make $400 in profit over a few months
>went up slightly then kept plummeting
>down $50
>tfw
Just go to my sell point you stupid shit. RRREEEEEEEEEE Why is my timing so SHITTY
>>11189063
>The market will return to all time highs next week
Hope so, I lost $200 this week.

>>11189319
well it's in a basement behind a painting of boats.

Very cold winter ahead due to lack of sunspots, it is already snowing here in Canada, should I buy UGAZ?

>>11189342
Yeah and I know that Labus individual stocks are all of the Gene therapy picks by Martin Skreli

I think Ill trust martin Skreli over some Newfag College student

>>11189009
Why would you still be holding nbev?

>>11179752
Any ausfags recommend a good trading broker. CommSec seems expensive on fees.

I want to protect my assets from the incoming recession. A mix of commodity's and safe dividend paying companies that are are necessities ie food.

>>11189381
im long energy, honestly it's probably the time to be buying because it's something you can always make a seasonal play on.

>>11189402
what about all the times natural gas went down in winters

Remember when I shilled you natural gas last december and you made profit? You should trust me

>>11189382
that's a normal and rational approach
i think people who buy stocks solely because /biz/ is shilling them are retards
i assume the people who bought into GALT did it because of the evidence I presented in its favor, not the fact that it was me who presented it

i don't expect other people to buy something solely because I'm saying it, but I feel reasonably confident that I did sufficient research of my own and that I've made a good investment, and my returns have so far affirmed that

>>11189382
When is he getting out of jail? I got into the whole day/swing trading thing right around the time he got locked up. I mean I'm not a big bio-bull. I had my one pick which I feel has treated the people who bought it well enough.

buy $TWNK

>>11189416
Spin is that you? I mean we did make some shekels dealing in that. The last bump up, i mean I can remember seeing UGAZ up like 15-20% in a single day.

>>11189381
Buy ECR my dude

This week is all about a strong dollar, and a strong us economy.

>>11189447
The bankers are going to crash the markets before midterms, watch

>>11189418
galt is just some bioshit though I dont understand your obsession

>>11189439
no its me the nikkei bro
I told you to go all in on natgas at 2.59

>>11189466
literally impossible because the higher interest rates will give the banks billions of free dollars its literally impossible for them to go down imao

>>11189499
TOO BIG TO FAIL

>>11189499
you overestimate banks. student loan defaults, and their access to capital will be tough.

>>11189499
rising rates doesn't help banks short term. look at bond yields 101 and how they apply to the value of debt.

>>11189519
Student loan a non issue
Thats an immediate Government bailout
Boom

>>11189530
Megacorps have no choice but to Continue taking out outrages loans
NO CHOICE
Its a perfect system
FACE IT
The Golden Bulls have won, We manipulated the system, The FED won

>>11188920
You mean to tell me you can't trade tax free on a savings account in burger land keeping all your capital gains from the hands of the government? My fucking sides tippest toppest kekken lagann

>>11188502
Based AIEQ.

>>11189049
still looking bearish as fuck even with the low RSI.

>>11189539
So in an environment where easy access to credit no longer exists. Which industries thrive and which fail? These are the questions you should be asking your self as an investor. Paradigms shift weather you like it or not, but one day you'll be there.

>>11189499
Banks make money by giving out loans
Do you see a reason why people will need loans in the foreseable future ?
Bear in mind that higher interest rates mean less incentive for people to borrow

>>11189421
He's 7 years in prison, basically all the way to the end of Trump's 2nd term. He's a funny guy, posted on 4chan. I hope he gets out sooner.

>>11189539
We can't sustain the system the way it is because of how in 2 generations we've gone from being nationalistic nations, to we need more muslim refugees and nobody wants to work and expects the government to bail them out. Socialism and communism will never work because fundamentally the job of a doctor is of higher value than the job of a garbage collector. Certain fundamentals will never change no matter how much anybody bails anybody out.

>>11189574
yes
we have monnihan, we have dimon now, this is why its priced in, why deans food and gis failed and coca cola pep thrives
2 years priced in already


>>11189587
Of course they need loans
The only possible way for megacorps to pay back debt is through getting loans and they only pay the interest and issue bonds

It only gets more every year, theres no reason for it to stop. No one will make them stop

>>11189603
if everyone makes the same wage, the cost of goods will rise, inflation is inevitable.

>>11189603
its just going to change back
My zoomer cousins talk about things like implaing communists so I got hope

>>11189622
you're looking at consumer staples and not at the larger picture

>>11189622
>imagination land, where this is no war. Where the people of Israel will stop striving for the construction of their righteous Temple on the same land that has been overrun by sand niggers for over three millennia.

To the person making a new thread: please dont make it a MILF thread because I like to check it at work

ill bake it

>>11189675
Will you bake the new thread with a picture of your dick ?

Good night /smg/. Best of luck tomorrow.

>>11189675
im becoming an old man over here

>>11189726
>>11189726
>>11189726
>>11189726
>>11189726
>>11189726

>>11188915
Good doggy.

>>11187010
>>11187152

its interactive brokers but he changed the default font to that faggy shit instead

>>11188814
Based kike

>>11186811
>Leverged ETF
>Buying while market is in record territory
>Not buying during the dip