/biz/ - Business & Finance

red day

>>11719695
First for holding zero stocks but shitposting here every day about SPY

First for big benis XD

>>11719710
male butt day

>>11719695
>buying over inflated stocks that have the highest P/Es we have ever seen

how fucking stupid are you

wtf im about to get a margin call

fuck this market

>two threads

>>11719735
I only buy biotech stocks, utilities, and consumer staples
I agree that buying FAANG is dumb

>>11719735
pe is a boomer ratio that has little relevance in our new information era.

>>11719693
meme lines are deciding between an inverse head and shoulders into monster rally or a double/triple down. Basically, sideways -> up. Down -> more down.

Explain today's chart, you pattern loving fucks.

>>11719750

Inverted Dildo Whip

>>11719695
BUY TQQQ or SQQQ right now?!?

STOP THE BLEEDING,TRUUUUUUUUUUUMPF!!!!!!!!!!!!!!!!!!!!!

>>11719750
downwards cumshot

MNGA TO THE MOON!

TQQQ could easily drop to 44$ But it could just as easily Pump ATH,
Id say itll pump
definatley looks like it will.

AHHHHHHHHHHH IT'S ALL OVER I'M GOING TO LOSE EVERYTHING
I HAVE TO SELL WHILE I STILL CAN

>>11719749
So basically the high will fade and only bags will remain.
gg US economy

>>11719787
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Buy Netflix

>>11719787
>galt

I've decided to start tripping as the tags ruin anon posting anyway. Now you can all know I'm retarded across all threads.

>>11719799
>literally everyone in the developed world has nettofurixo
>it could possibly do something to increase its value
Maybe I'd buy if it wasn't a pozzed service, but it is.

>dat tight range

>>11719695
>Be Me
>Thinking your position's entry was at an ATL
>Friday had a decent rally + profit$
>Today S&P 500 gets crushed
>Lose $4000

who else getting absolutely JUSTed by oil?

WERE CLOSING DOWN 600

>>11719782
>6M market cap
Wtf is this shit? How the fuck do you fagets keep finding shit like this?

>>11719771
QLD -- it's optimized for long-term holding.

>>11719799
>Sub-300
It probably is actually at a decent price now.

THIS ISNT OVER

BEARS!

>>11719788
Only if we go down more. If we go sideways for a day or two then all time highs are possible. ignore slopes, just look at shape.

>>11719695
That meme got me fuckin good

>>11719740
Something something leverage bad

>>11719820
Thank you, I'm sure your opinion will add greatly to our intellectual discussions.

>>11719845
Lol what the fuck did you buy? Did you have leverage? Also remember, It's not a defeat until you say it is :^)

FUCKINGAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

GIVE ME MY MONEY BACK

>>11719889
my contributions will remain the same, only difference is now I'll get the credit

-550!!!!!!!!!!!!!

>>11719863
>Wtf is this shit? How the fuck do you fagets keep finding shit like this?

It's a secret

Would shorting GE be retarded right now? Yeah, they're down a lot already but they could just as well go bust.

AHHHHHHHHHHHHHHHHHHH IT'S ALL OVER SELL SELL SELL

>>11719877
Nice digits, and looking at your chart, I can see how the winter months might bring in Boomer Money since everyone is bullish when the weather cools.
If we go up, Q1 of next year is gonna bring a lot of pain with tax season >:)

>>11719889
kek, genius pic

I drew my first meme lines. Is this how it works?

>>11719820
Cool :) welcome to the Kool Kids Klub

Now, you too can be recognized and called out for losing lots and lots of money <3

MNGA going parabolic now

THERE'S STILL TIME FOR A PUMP

DON'T SELL

>>11719955
BUY BUY BUY BUY

>this fucking run for the bottom on all the indices

here comes TQQQ PUMP ATH

>>11719820
Let’s see if you last long enough to make it onto my tripfriend roster. I haven’t needed to update it since August. Somehow I doubt it.

AAAAAAAAAAAAAAAAAAAAAAAAAA

blame AAPL

40 cents by EOD

oh fuck lost like 4% today

>>11719863
i own some QLD, it seems based long term

do you own some SSO too? 2x is the ideal ratio honestly senpai

AHHHHHHHHHHH GOD THE ROLLER COASTER NEVER ENDS
PLEASE LET ME OFF I CAN'T HANDLE IT MOMMY PLEASE AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

/pol/ is laughing at us again

>>>/pol/193199262

>>11719976

Learn how to day trade lad. The 1 year chart is meaningless. Had you listened to me, you'd be up 11% now. 11% gains in less than 1/2 hour.

>>11719985
do we have a new rkg fan, or a new baggy?

also please tell me mrspoon isnt texasanon

>>11719820
>>11719953
no offense but avatar-fagging is better than trip-fagging or name-fagging

>>11720028
who gives a shit about these losers lmao

>>11720039
I agree but I'm not willing to put in the effort

>>11719695
Anyone have the link to biz books on mega or elsewhere?

>>11720053
>books
just lose some big money, that's the best way to learn.

>>11720005
Could be worse

Absolute slaughter. You can't convince ANYONE that it's green tomorrow.

>Dow drops 600 points
>People clap at the closing bell

is over

Ding ding ding! How did everyone do today? I’m down .22%, it would have been an unmitigated disaster if I didn’t hit my long today. Now it’s a mitigated disaster.

>>11720039
I strongly suspect ORKGF is still here, you can recognize him by his THC pen and the fact the hole room stinks. I also have complete faith baggie will return to us.

>>11720072
Not right now, but wait for futures to show a gap up and everyone will be bullish again. Not saying they will, just saying that people change their market sentiments very quickly depending on price movements.

>>11720079
the people who clap are the people who dumped their bags on you for a significant profit

Trump depression incoming

>>11720089
My comfy dividend stock were the only thing that made it green today

>AMZN down almost 5%, $75

>>11720089
Baggie is dead. :(

STOOOOOOOOOOOOOOOOOOOOOOOOOOOOPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

>>11720089
down 0.59, so not great but could have been a whole lot worse

Biz is the fuckin dumbest zoomed board. Don’t buy crypto - it has zero intrinsic value. It’s only value comes from speculation about what it will be tomorrow.

Don’t buy high PE stock. High PE stock are a function of margin buys with low interest rates.

As investors pull out of property ( they won’t be making losses for another 6 months as this is not a crisis for low incomes ) they will move into stock to the extent they’re stupid and bonds to the extant the interest rates are raised.

Stock crash will be March of 2019.

>>11719695
First time investor here. Glad I only have about $475 invested into this market because out of that I've lost 4.89% this week. Not planning on selling though. Selling in the red seems unwise. Guess I'll just save some more cash until January when prices hit rock bottom.

>>11719695
Bull's theme song
https://www.youtube.com/watch?v=-p6OH7FoWoQ

What the fuck is happening

>>11720096

>>11720143
fuck off mrspoon you're the virgin from the last thread!

>>11720089
red day

>>11720133
You're the guy who looses like 10% a week and still refuses to liquidate. I respect your holding prowess, but Jesus man. Don't become a deer in headlights.

time to start saying sorry for the orange bad man doings,trump drones

>>11720089
Broke even. This was maybe the best market bleed day i have managed while 100% long. My stuff held fine during dip, biggest position QCA was solid flat all day with a slight green close.

>>11720161
delete this! No one can know my secret identity.

>>11720089
>I also have complete faith baggie will return to us.
it might be a while, he made at least a million at the beginning of october, he may be balls deep in some beautiful ebony cuties (hookers) for the next few months

>>11720138
lies

>>11720154
https://www.youtube.com/watch?v=VYpd-2buQc0

so people are counting on Arab bogcalls and black friday now? these are last failsafe mechanism that are going into motion, it might be red friday, wake the fuck up.

>>11720155
Next financial crisis is unfolding

>>11720172
I blame Amazon, but it's hard to drop
Plus thanks to school I'm not able to trade until noon, which is after it's big swings

>It didn't used to be like this ;_;

>>11720229
At least it presents a good buying opportunity. Either way blame the FED.

>>11720229
Ooooor you’ve just been spooked into shorting before Christmas cause of some Fred Durst lost his house

>Stan Lee dead
Buy Disney. Marvel is about to get milked like you've never seen before.

How did he make a million? I missed a critical thread

>>11720259
he'll be back in the next issue guaranteed

>>11720260
>>11720202
fuck

Italy can kickstart this next financial crisis tomorrow if they want to.

And Europe is not even out of the previous one.

Fuck my life

Green day tomorrow!

>>11720260
>>11720271
he shorts with options five figures a day

he did this when there was a huge drop in the market

he probably made six figures that first week unless he capitulated before (which i think we would have noticed the shitposting from)

plus he popped in sometime last week, so not dead yet

Why is everything crashing

>>11720296
he didnt make money in october, he sold all his puts and replaced it with XLF shares and covered calls

In other words he lost everything again and is probably back in rehab

>>11720296
I'm proud of him, he can enjoy life finally before dying of AIDS

>>11720307
because you touch yourself at night

>>11720288
Checked.

>>11720307
Because there are more people trying to sell than there are trying to buy.

>>11720318
Oh. That's much worse than >>11720296

>>11720307
because future expectations were not met

>>11720307
Italy, demecrats refusing to concede races from last week, chinese market in general is slowing down, oil dropping, India(government) is attacking it's own central bank

Italy or UK has a big deadline on tuesday (tomorrow) so thats probably the most urgent thing

>>11720318
damn, i must have missed that day if true

on top of losing AMZN in july, thats a huge ouch for the year

>>11719918
>they could just as well go bust.
They're still profitable though, right?
They can't go bust unless they start hitting negative EPS or can't meet their debt obligations. I've seen no evidence of this, have you?

>>11720322

>>11720350
it's Italiy. Budget showdown between them and EC. Salvini says no concessions on fundamentals but who knows: Italy is a ticking time bomb because their GDP and productivity has been spinning its wheels for 20 years.

>>11719983
I'm feeling it'll hit lower values than today's close.
That was a pretty impressive run to the bottom.
Maybe there'll be a bounce tomorrow, but I'm feeling bearish in the short-term.

>>11720005
I lost about 6.9% today.

>>11720014
>i own some QLD, it seems based long term
I saw some stats recently that showed it really is better for long-term than 1X or 3X
>do you own some SSO too? 2x is the ideal ratio honestly senpai
Not currently, but I plan on it.

>>11720318
Bagholder is the biggest fucking LARPer this general has. He didn't loose shit because he never had shit. Either way the /rgt/ trip curse claims another.

>>11720039
>no offense but avatar-fagging is better than trip-fagging or name-fagging
It is. I've done it before. I just don't have the commitment kek

any of you big boys trade currencies?

>>11720388
I know itll rise. But it needs to hurry the fuck up. I want to go on vacation again.

Too many panic sells.

>>11720365
it's over, the EU elections are coming.

>>11720060
This.
There's a couple good books for value investing, but I'll never be that impeccable at investing. Statistics and data-driven investing is the only way that I can imagine myself beating the market long-term with an individual stock picks approach.

Do black friday and Christmas actually affect anything? The /v/ermin in me is telling me that Nintendo should go up because it's that time of year and because Smash Ultimate is coming out soon, but on the other hand it feels like that's too easy of a guess to hold any water

After the correction in february I have become numb to situations like these

will the EU survive? these 2012 youtube vids are returning?

Buy UVXY when see anime posters saying "green day tomorrow".

Works every time.

>>11720388
i saw probably the same article that the ideal ratio since inception for SP500 is like 2.7x~, and CHADAQ is like 2x exactly

of course you have to have gigantic balls to hold through a 2.7x downturn, but QLD and SSO already managed to make it through and thrive through the 08-09 recession, so we have proof they work and are superior long term options to QQQ/SPY. I dont touch 3x tho thats too much, ill take 2x gains and not have to worry about ever selling

>>11720414
I don't have much faith in Nintendo( and by extension thr new Smash)anymore, my fellow /v/irgin. As much hype as /v/ is drumming up for it, I don't think it'll actually push a significant amount of consoles.

>>11720072
There could be a decent bounce, but I'm feeling bearish on the one week timeline as well.

>>11720202
>it might be a while, he made at least a million at the beginning of october
Did he really?

>>11720260
Same.

>>11720307
Rate hikes

Hey, at least BABA is not down by much ;)

>>11720453
the people who care about smash either already have a switch or are mele autists and won't move from that anyway.

sitting on cash rn :)

The EU is starting to directly fund industrial R&D, especially in electronics, to get rid of US IP dependency in that field. At least that's what I understood in a meeting today. They are starting at 3-4 billion euros for the 3 big RTO (IMEC LETI Fraunhofer). I expect the take off of the euro CPU project that's been in store for a while.

>>11720431
I think 3X wasn't typically as profitable long-term as 1X.

I agree with what you said about drawdown -- 2X is sufficient for kicking normie ass.

>>11720501
Nice job, anon.

>>11720153
$475 is nothing. Keep buying as everything goes to shit

>>11720530
IIRC 3x was ideal for DOW, 2x was NASDAQ
I can't remember the Nik or Russel

Yes! our hero Armn climbed out of the shit and closed at $19.82 per. That's after it fell to $17. The open was $20.15. Everyone still seems to give it a "buy" rating with one dude giving the stock a high of $51. My dreams of riding this to lots of Profit is still alive!. Suck it haters!, lol.

>>11720530
i just listened to sam zell's advice
far more wisdom than the NEET shitposters here

>>11720512
>At least that's what I understood in a meeting today
Sounds mysterious, what do you do? I had a bank meeting where they mused over 2019 being recession confirmed.

>>11720536
That's the plan frien

Speaking of advice, do you follow any financial/econ blogs?

I found Macro-Man and it has been enjoyable read.

>>11720547
Once this climbs to $40 or 50 I'm selling. Buy Amazon shares. Sit back and worry about nothing while Amazon keeps growing and growing, watching the profit from my Amazon stock grow and grow

>>11720414
>>11720453
>>11720482
Pokemon is nintendos bigest console seller(gameboy/3ds/switch), just check out what the stock did before the last big pokemon release, and scale for console vs handheld effects on nindendo

also
> smashbrothers
>> nintendo
>https://www.youtube.com/watch?v=Vk0MGPjWbtE
>>https://www.youtube.com/watch?v=vAJRw4flK40&t=61s
>in the year 2010+8
ishygddt
t. former /v/

>>11720512
havnt they been trying to do this for years?

>>11720365
hasnt that been standard operating procedure in Italy ever since modern italy was formed?
hasnt EU (and more importantly, the Euro) dealt with this before?

or is this the 2008 2.0 form of PIGS economic fun?

>>11720557
I work in one of the aforementioned RTOs as process development engineer. We are talking about buying equipment with those funds.

>>11720597
Why are you leaking secrets here, dirty Jew anon trying to game people

>>11720541
Wouldn't 3x DOW beat 2x NASDAQ pretty reliably over the long term, assuming 3x DOW doesn't get liquidated?

>>11720039
>also please tell me mrspoon isnt texasanon
No

>>11720583
Nope, so far the EU was only subsidising the large equipment (synchrotron, space centers, etc) and fundamental research. Now they are willing to fund applied research, and that's by a pretty big amoun.

you're telling me all you have to do to get fucking rich as fuck is put everything on 3x dow and never look at it again? why aren't more people doing this?

>>11720610
It's not a secret, only it's not widely publicized. Unironically this development is purely thanks to Trump.

>>11720583
>2008 2.0 form of PIGS economic fun?

if Italy decides to blow out their budget, yes. Motherfuckers should have never been accepted into Euro or EU. Same with Greece and Spain.

>>11720618
get memed on kid, do your research

>>11720541
>>11720553
>>11720530
>>11720618
http://ddnum.com/articles/leveragedETFs.php

>>11720621
I can confirm 100% not texan

>>11720618
>assuming 3x DOW doesn't get liquidated
thats a big assumption long term
>pic related, just imagine its 3x what the percentage says

>>11720632
>why aren't more people doing this?
because they are dumb sheeeple, go all in

>>11720621
good.

>>11720623
so its dumb politics (politician) this time, instead of widespread corruption/nepotism?

and more importantly, is it a sign of things to come

>>11720639
fugg, UK might actually kill EU (be the extra crisis on top of other crisis), even if UK gets fucked in the long run too
2spooky4me, but might buy some continental long puts

>>11720654
correct, owning just under or around 2x lev SP500 Chadaq and if you want boomer tier DOW is ideal. Never have to sell, they will always be around, always come out of recessions profitable, and by design if you keep buying then you get some insane deals when you buy the bottom and start the move back upwards

Everything is falling why are you not taking advantage of this? Niggas out here losing all hope because of a short time fall.

>>11720650
Beat me to it. Nice job.

>>11720618
>>11720683
>>assuming 3x DOW doesn't get liquidated
>thats a big assumption long term
In order to get liquidated at 3X, it'd have to fall over 33% in a single day. There's circuit breakers built into NYSE to prevent that from happening.

>>11720683
You still don't understand that index leverage fundamentally can't get liquidated because of circuit breakers. It's literally impossible for the DOW to drop 33.34% in one day because they halt trading after 15%!!
It resets daily, so it has to achieve that 33.34% ON THAT SPECIFIC TRADING SESSION
How many times do we have to go over this???

>>11720683
>so its dumb politics (politician) this time, instead of widespread corruption/nepotism?
It's not politic because it comes straight from the bureaucrats.
Also to give you an idea of the boost it would give all of us, this funding would +75% our budget, on top of our state subsidy and industry partnership. It may be ECB helicopter money too, but that's wild spec. Any way, funny times ahead for semis.

>>11720756

SO IF EVERYONE KNOWS THIS WHY ARE YOU ALL GETTING MEMED ON DAYTRADING? WITH ANY JOB DUMPING MONEY IN YOU WOULD BE RICH QUICK AS FUCK WITH NO WORK, TIMING, OR SKILL. YOU WOULDN'T EVEN HAVE TO FOLLOW THE MARKET. WHAT

>>11720756
>drops 15% day 1
>drops 15% day 2
>drops 3.34% day 3
By my calculation that’s liquidated.

>>11720790
Some anon posted the math over the weekend that shows you actually gain less over long term with leveraged ETFs rather than just buying with no leverage.

Okay, seriously, it's over. Sell every Fucking Tip and get comfy, it's bear times for the next 18 months. Buy it all again when we've reached -50%

>>11719695
>shut up and hold, you whiny, overemotional little bitches edition
>I-I-IT'S NOT A BUBBLE
EVERY
SINGLE
TIME
LMFAOP

>>11720739
>>11720756
>drops 15% in a day 5 days in a row
even if it gains fast, youll be bagholding a while

also, less abrasively >>11720790
if it was a 100% winner, then everyone would just do that and nothing else
and if they did that, that would mean those leveraged etf's are nice and bubbly

>>11720807
might have been my shitty meme 30second in excel graph on thursday night?

>>11720817
Bitcoin predicted this

gnomes dumping?

>>11719889
Awesome smuggle

>>11720833
I think. I remember there was some equations in one post and a graph in another. Both were long where you tried to explain it all. That pic has everything though. Thanks.

stop arguing about leveraged ETFs, look at the charts of:

SSO
QLD
TQQQ
UDOW
etc

the 2x make it through recessions, thats all that matters

with a 20 + year time horizon theres no reason to care when a recession happens just that you cant retire during one, otherwise it doesnt matter

>>11720618
I want to calculate this out next.

>>11720639
>Motherfuckers should have never been accepted into Euro or EU. Same with Greece and Spain.
no, only Greece did lie and cheat, and mostly thanks to Goldman. Italy had an excellent industrial tissue, even in high tech/space industry, even better than fucking Germany. Then those fucking german came, had the Euro pegged to their fucking Detusch mark, and it killed Italy. France as well, but they also transitioned to a service economy in the meantime. tl;dr, Germany killed everyone in the Eurozone because of how they handled the Euro. No need for wars, they won, and they will ruin Europe a third time because of it. It's always the fucking germans, always.

>>11719949
Switch to log and get rid of the grid.

>>11720807
It resets daily, it has to drop 33.34% in one day. Fuck you anti-leverage people are dense
>>11720833
Yes I know I would be bag holding, I'm fine with that. But you're objectively wrong if you claim it can get liquidated
>>11720833
>>11720807
Your math is shit and not based in reality. Compare UDOW and DIA right now and tell me buying DIA was a better idea 10 years ago
And I swear to fucking hell, if you say one damn thing about """management fees""" I'm going to shoot up your state

>>11720919
>had the Euro pegged to their fucking Detusch mark
You learn something new every day o.ô

how the fuck is crude trading so fucking low? wtf?! is it almost time to start buying some leveraged oil etfs? this is low as fuck

>>11719949
Your on way to become a Zerohedge contributor.

>>11720938
So Fucking explain it instead of just whining.
>>11720946
I think the saudis are going to cut production too.

>>11720972
I literally just did, you fucking ingrate

>>11720939
Well, i oversimplified it, just because. But you get the idea. Overnight, Italy got a money as strong as the DM. At first it's all cool and fun and you can even create more debt and shit. Then you realize you can't devalue anymore because of how the rules are made in the Eurozone. Then you realize a country like Italy can't survive with a money as strong as Germany. Then you die.

>>11720938
to be fair, its returns for a 0 leverage etf vs stocks that make up the etf, and vastly oversimplified

>>11720882
2x do, but 3x can be pushing it depending on the crash

also:
>past returns are no guarantee of future returns

>>11720998
It's really just that simple.

>>11720998
>Then you realize a country like Italy can't survive with a money as strong as Germany
isn't the common complaint now that Germany is keeping Euro artificially low through ECB/Bundesbank influence to boost their exports?

>>11720088
>back to its April 2017 price

Reminder that it only took around 3 years to break even if you've bought SPY right at the AH before the 2007-8 crash. Buy buy buy and hold hold hold. Stop listening to fags who tell you to sell.

>>11721062
This.

>>11721062
>it only took around 3 years to break even

>>11721045
do you think they'll bin the zuckster soon, he's little more than a pr nightmare at this point.

>>11721062
>it's simple, just lose money for 3 years

Never used a tripcode in my life (and never thought I would), but I'll start using this one if GALT gets bought out so that I can brag about it for eternity.

>>11721090
I hope they wipe his hard drive clean and put him with some fat chick and six kids in a trailer park. Then they leave just enough memory so that for the rest of his miserable robot life he’ll always thinks “I could’ve been something.”

>>11721114
> Let's sell with a loss instead of just waiting and be able to sell with no loss again or wait even longer and sell with profit.

Remember to buy high sell low

Does it make sense to use a stop loss when you HODL? I know in general it doesn't but we're in sort of a special situation. Some of my blue chippers are at ATH, too.

>>11721114
>not planning on holding what you have for the next 5-10 years
It's going to be a bumpy ride. Only those with nerves of steel will survive.

>>11721166
if you aim to be a religions HODLer no.

>>11721123
forgot the numbers in the name

>>11721166
not if you're holding in the long term
a stop less automatically makes you sell when a stock reaches a certain price, which defeats the entire point of holding

Is successful trading something that can be learned in spare time without a degree?

>>11721246
yes

don't listen to this normie shit >>11721062

don't catch falling knives. people who held during the recession could have made money holding other assets.

>futures green
I'm not falling for your tricks again.

>>11721166
Stop losses are generally used in conjunction with TA. You see a chart pattern, identify your entry point, and identify a price where the pattern you identified would be invalidated. Say you've got a bull flag going on a chart like pic related. You can either buy before the breakout, after breakout confirmation, or you can buy the bull flag itself somewhere in the pennant range. Stop loss goes below the range of the pennant. The idea being that a drop below the established pennant range is a bearish indicator and a higher likelihood that the bull flag pattern will fail. If the bull flag fails, you want out.

This is mainly a day and swing trading technique.

>>11721062

Or, ya know, sell, wait in cash while the shit goes down (or go short), buy somewhere close to the bottom, make mad bank in three years off the rebound instead of just breaking even.

>>11721376
>Stop Loss: Suicide

Guys will the Tesla tents be safe from the wildfires in California? I’m worried about elon’s operation.

>>11721265
>look mommy i can time the market with my crystal ball and meme lines

>>11721402

Is wendy's a good buy? Thinking of getting in while its at under 18 per.

>>11721424
in that 3 years you could've taken the loss right away.. rotated the money a few times and still got in a better position before the run back up.

>>11721423
Here's about the current extent of the closest fire as far as I can tell

Knowing others are getting JUST'd like I am makes me feel better

Thank you /biz/

>>11721483
>Weed

>>11719748
You are retarded. Financial system fundamentally hasn't changed.

>>11721519
>tfw ONLY I can prevent forest fires
>I haven't managed to stop a single one in my entire life

By the end of this year, regardless of what happens with the exception of a yield curve inversion, I plan to do the following:

1) dump everything
2) ensure at least 30k is in my account
3) go all in on 1/3 SSO, 1/3 QLD, and 1/3 SPXL

Unless a yield curve inversion happens, I plan to hold those shares for the entirety of 2019.

Feel free to screencap this.

Daily reminder that putting 100% into VTSAX outperforms >99% of all financial advisors, hedge funds, mutual funds, etc. in the long run

>>11721424
It's not about timing the market or selling on every red candle, its saying "I'm willing to sacrice a few months of potentail gains by pulling to avoid potential larger losses".

>>11721585
>dumping in a bear market

Who’s ready to get dxxked tomorrow?

>>11721495
True, seeing other people's JUSTings does make me feel better about my own JUSTings.

>>11720155
Based Powell crashing this bitch with no survivors.

>>11721610
Holy fuck anon. I thought I was an unlucky investor. What the hell did you have holdings in.
I hope to God it wasn't GE.

>>11721605
>what is a leading indicator

Powell did nothing wrong, he's just a tool

>>11721480
Did you take the loss in october and january right away because you anticipated it? Show me how much you made in those dips and I'll cede you aren't full of shit, then predict the next recession for me.

>>11721588
>VTSAX
isn't VTI the same thing just a ETF? I already have the VTSAX anyway via my VFORX fund

>>11721619
That's not my JUSTing. I just like to save screenshots other people's of their JUSTings.

>>11721729
Serves him right, he trusted Big5

>>11721606
How long have you been holding that tripfren?

>>11721755

Only about a week

>>11721729
wew

>>11720155
SEE! This is what happens when you Anti-Semites let a Goyim run the economy. Apologize right NOW!

>>11721784
Oh I remember you’ve had a boner for them for a while. Swing trading?

>Nikkei
JUST

>>11721723
VTI is an ETF, VTSAX is an index fund

No real difference in performance but VTI is freely day-traded while VTSAX buys/sells on market close and operates like a mutual fund

>>11721829
This is Jerome Powell, the current Chairman of the Federal Reserve. Say something nice about him!

>>11721909
Thanks for bringing employment so low that I can get a job at Amazon <3

>>11721749
kek

>>11719695
up +32.55% today on spy credit spreads, Whaddup. I prayed for the red monday and it came, God bless.

>>11721909
Fuck you and hopefully in the Trump Empire of 2210 your descendants are all imprisoned for our amusement.

>>11722043
Can't really blame Trump for Fed rate increases.

nikkei dying
futures volative as fuck

>>11721909
he helped me make more money in a single hour buying SPXU than most wagies make in a month

>>11722050
we're all prisoners of the capitalist system comrade.

>>11722056
Why is Trump never to blame for anything?

Before he became president he said the stock market is a big bubble, after he took credit for the growth and told everyone to invest in it

>>11722056
He didn't consolidate enough power and the deep state ran him over and will now sabotage the economy to end his economic battle with the world order. Despite the fact it's the best thing USA could be doing strategy wise the globalists would rather get exterminated by a future chinese superpower than give 1 inch to trump.

>>11722074
well to be fair
at least trump tried to right the sinking ship

lol @ eu

HOLY SHIT TGHAT DUFKCING DIP JUST NOW R
DEFCON 3 DEFCON 3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Nov 15 is the last day boomers have to tell their brokers to sell, more red due frens, Margin calls a plenty.

>>11722095
what are you watching? nikkei?

HOLY FUCKIN SHITTTTTTT MAN!!!!!!!!!! THAT WAS INSTANT FOR GODNESS SAKE DONT LET IT GET WORSE.

>>11722073
He did take credit for the bubble but that's just politics. That's something you have to get used to. With that said, he didn't create the bubble and he wasn't the one who popped it. That is solely at the feet of the federal reserve. The market will collapse without a constant influx of moving capital and Fed rate increases have and will end that influx of cash. Not to mention, everyone thought this was going to be a bull market until just recently.

>>11722095
>>11722134
stop being so emotional

literally every time me long euro it crashes into ground

>>11721606
Is it a good idea to buy at that price? Also, this is sort of your fault for investing in technology that currently only exists in very optimistic science fiction.

>>11722138

"orange man good" the post

>>11722168
Why would you long a dead currency for a dead region? Only Eastern europe has any hope left.

You can't understand how fucked they are with the EU "experiment".

>>11722168
then stop longing euro

>>11722199
That's not what I'm saying brainlet. I'm saying that he doesn't have control over fed interest rates. That applies to ANY president, including Obama, Bush, Clinton and all of the others who have been in office since we've had central banking. The Fed is essentially a private institution manipulating markets and currency valuation.

I think I've gone good. Got myself setup for some major gains down the road if any of these get bought (which is very very likely)

Lions Gate
Eventbrite
Sprouts Farmers Market
Square Inc
Twitter
Estasy Inc
Groupon
Shop

A few of these are ripe for Amazon to takeover, others Google. Plus if the outlook is correct a few of these are set to explode in profit gains as the years go by.

>>11722211
>>11722168
Why in god's name do you have any faith in the Euro? The EU is fucked.

https://i.4cdn.org/wsg/1542069654155.webm

>>11722138
What on earth do you suggest we do? I'm down 900 dollars.

>nikkei
-3.4%
Japan is always the biggest sell off on fear..., never fails to always go down the most.

>>11722138
he did inject a fiscal stimulus at the very top like the retard he his. so yeah, he owns this thing now.

>>11722264
Don't panic. Read the "the intelligent investor". Just because everyone else is panicking that doesn't mean you should follow the trends. Do what is counter intuitive, start buying when everyone else is panicking. Start selling when everyone else is optimistic. Take the Graham/Buffet approach.

>>11720998
The EU is a total disaster of elites. Possibly the dumbest invention of all time politically. Maybe on par with communism in terms of total stupidity needed to believe in it being a good idea.

>>11722300
Elaborate.

>>11722300
>the tax cut was bad
Fiscal stimulus was needed far more than fed manipulation since the crash. Doing it via tax cuts was pretty effective. He needs to do an infrastructure stimulus in 2019 and run over the republicans who oppose it.

Anyone who thinks we can go austerity to fix things at this point is insane. No matter what you believe the only way out is growth / productivity revolutions. It's too fucked to try racing it any other way than growth and inflation.

>>11722309
his tax cut prolonged the bull run but it'll only make the crash worse.
>>11722316
the stimulus failed since companies are hording the money instead of investing it.

>>11722168
serves you right you fragile smug attention seeking pussy

> ^_^ <

>>11722300
Thanks to Trump I did get a slightly higher pay bump due to less tax getting jerked out. But starting in January that all changes, in fact my check will be lower. Employer Health ins will suck more out. So fuck it, the average joe can never win.

>>11719774
This but unironically. He needs to reach out to JinPing on nov.29 and squash the trade bs.

>>11722373
what game?

>tfw fell for the /smg/ meme and put my entire life savings into TQQQ
What the FUCK. you said unlimited gains. my net worth has been cut by half since last month and my broker called me today to give me a warning. what the hell am I going to do now

>>11722373
What is this and where can I find it so I can beat up anime titty monsters

>>11722419
buffet says never do leverage

>>11722419
Did you buy using credit?

>>11722168

Stop being retarded...how delusional to be to believe in the euro

It is too weak for strong economies (germany etc/people loosing money in their bank accounts) but too strong for weak economies (they can not pay their debts by inflation)

Greece has to have a straight growth of 3-4% per year for 40 years to pay its debts WITHOUT a single year being worse...thats bullshit.

It was a good idea but it simply does not work

>>11722419
>what the hell am I going to do now
Double down

>>11722419
start investing wisely or stop investing if you don't think you can.

>>11722419
>what the hell am I going to do now
well shit man idk maybe, hold? buy more?

These 12 hilarious liberal insults by Trump will have you saying fuck having trade, economic stability and a 401k and shit.

>>11722419
Nice shitpost but TQQQ is only down $2 from last month.

>>11722462
US GDP to exports is relatively low, trade wars won't tank stocks more than a couple quarter percent increase from the fed

>>11722462
Lol adjust fag and cope. This the beginning of shift from globalization to national economics. American stocks will do well after the next hit and it adjusts.

>>11722419
the only people pumping it was comfy and a couple of his butt buddies that circle jerk in some chat room somewhere.. them phone posting should've been obvious

https://www.youtube.com/watch?v=taxZpXywa1E


reminder transhumanism is going to win and destroy all other ideologies soon.

>>11722302
This is why I sold two months ago when it was the "second" correction and don't panic. Now I am waiting for people to go full panic to get some nice buying opportunities. I don't particularly like shorting since the entries and exits can be very sketchy.

>>11722419
>WAAAAA OTHER PEOPLE ARE RESPONSIBLE FOR MY OWN BAD DECISIONS

you brought this onto yourself

>>11722462
>the president is solely responsible for the economy

>>11722061
How many shares did you buy?

>>11722359
>his tax cut prolonged the bull run but it'll only make the crash worse.
That's the nature of the market. There's always booms and busts. The trick is not to panic during a bust but see it as a buying opportunity.
>>11722520
You could probably make some good money with shorts but they're very risky. I'd probably just stick to waiting for a crash and buying as much blue chip as you can.

>>11722402
>>11722420
aint no game, thats real GoPro footage of the last time rkg and I met up at the annual /rhg/ meetup

not my fault there are scrubs in this very thread who didnt want to join the bears vs bulls bikini boxing matches

(Bulls won, as usual)

>>11722543
Well I should have entered two months ago into the TVIX, but its a tad late now.

orange man good

trade war good

bull market bad

>>11722596
If it wasn't for the trade war I wouldn't have gotten cheap ass Ford stock sitting under 10 dollars a share. Learn to adapt. Don't blame others for your mistakes.

>>11722596
Trade war is good
Powell is just a dumb shitbrain academic and doesn't understand he should be fighting the trade war

China devalued their currency and is doing everything including bribing to keep factories open

meanwhile, USA fed is raising and trying to slow down USA economy. It would make sense in a vacuum but the unique situation of 2018 means you should be fighting the trade war first before normalizing rates

I hope powell is removed from the position ASAP

>>11722536
Only when it is going up apparently.
'The reason our stock market is so successful is because of me'

>>11722630
Enlighten us, why should we be fighting the trade war? Will US tariffs unilaterally force China to change their monetary policy when China has dozens of other countries lining up for trade deals? What is the endgame here?

Any macroeconomics 101 student will tell you trade wars are bad. Also more experienced economists like Gary Cohn will tell you that (hence why he quit).

>>11722745
Ratchet tariffs to 100% and call it a day if there is no end game deal possible.

>>11722745
A country who makes nothing is nothing. In essence manufacturing is one of the most things to have in economy as it allows for your economy to whether out international storms if you have large domestic demand. If you produce the resources like the US does, all the better.

So basically speaking the US is the largest market in the world and if we make all the goods we consume we are self-sufficient and theoretically will have very stable economic growth even if the world is REEEEing at their melting economy. So self-sufficiency should be the goal of every nation.

>>11722568
Hot.
I bet she could beat me up.

>>11722745
The purpose of this trade war is to stop China from stealing all our Intellectual Property. China has been waging an economic war by stealing our Intellectual Property and forcing out of their the corporations who they stole their IP from.
Economists are retards.

>>11722851
> So self-sufficiency should be the goal of every nation
> Trade doesn't benefit both countries

>>11722851
what makes a "self-sufficient" country different to the world at large. why do you think you wont have the exact same problems at a state level you have at a country level?

>>11722888
Trade can benefit both countries but despite constant claims that isn't axiomatically true - its true in an immediate ex-ante sense but over longer time horizons or using analysis other than consent it falls apart when you look at the history of trade policy

How do I convince myself that this isn't just rigged gambling which will always prop up the insiders at the expense of people without connections? Is it something that the recommended literature will do? Is there a basic methodology that produces small but consistent results from which to build from or is it all rollercoaster all the time?

>>11722928
yeah buy and hold with large time horizons.

>>11722851
Anon... Have you actually set foot in an American manufacturing facility?
If what you say is true, the USA is doomed.

>>11722917
Trading with a world power that is doing everything possible to destroy you isn't a good idea. From IP theft, extreme protectionism, decent % of economy being counterfeits, and all sorts of other things it's not a big deal to stop trading with china. It should have been done 20 years ago but elites got too busy letting grooming gangs and murderers into their countries.

>>11722928
It's not 100% rigged, but it is 100% legal gambling.

>>11722888
>>11722910
Equal trade benefits countries where it is in terms of barter or equal value which really only happens in theory.

Unbalanced trade will result in a loss of value from one country. So basically China has gained tremendously from our trade while our population suffered. Sure we got cheap TVs now, but poor Joe suffered a 30k paycut because he had to get a shitter job, whilst a protectionist policy would make us have slightly more expensive TVs but Joe will still be making 30k more.

>what makes a "self-sufficient" country different to the world at large. why do you think you wont have the exact same problems at a state level you have at a country level?
It is true. Have you been to the midwest? They get screwed regularly by companies offshoring or moving to the coasts.

>>11722971
Yes, I worked in the field. We got fucked in the ass by everyone placing tariffs on us while we allowed them to import for nothing.

>>11722928
>Is it something that the recommended literature will do?
hey thanks for the reminder, knew i forgot something

>>11720053
https://drive.google.com/drive/folders/1rq9DS_rEFIy8JrEeiDDqRhrviAy0Nnqj

>>11722971
I have.
The US is fine when it comes to the really high-end shit like semi-conductors and jets
As for shit like consumer electronics, automobiles and machinery, it is garbage in, garbage out.
The Quality of US factories in that area are severely lacking, compared to Asia and Germany and the QC is shit even compared to Thailand

>>11720396
yes, its low volatility. long. i do mxn myr yuan yen swiss. just a few

>>11722992
>cheap TVs
Last time I checked, Samsung and LG are Korean, Sony is Japanese.
If the US were to make TVs like the Olden days, Prepare to pay out of your ass for USD$10,000 LED Television.
Most US products are not competitive unless we are talking about the really Hi-Tech shit.

And even before China, the Big 3 already moved to Mexico and had their engines made in Canada.
If it is not China, it would be India or Vietnam or Bangladesh or Southeast Asia or even Latino America (Their quality is shit though).
And it already is.

>>11722168
Always do the opposite of what kneepads does.

>>11722627
Is Ford an insta buy?

>>11723224
No, I'd look at GM. GM has got some major shit in the works. Ford meanwhile is cutting its car lineup,basically putting the whole operation on it's Trucks and SUVs.

>>11719697
>>11719697
>>11719697
NEW THREAD

>>11723121
Maybe TVs was a bad example, but that is mostly due to us giving up all together in making TVs in the late 70s. If we had protectionist policies even our TV industry could have grown competitive. A good example was how Germany cornered the electronics market.

>>11720396
Yeah niBBa chainlink all day