/biz/ - Business & Finance

RED

I meant to say Trash can edition

first for rkg rise from her grave
fuck the jannies
fuck 4channel
fuck futures
fuck trade war

BUY TQQQ
GOLDEN BULL

I can literally taste the theta decay I earned on my spreads. Mmmmm, delicious. Tomorrow will be the official start of the greater /depression/.

What should I fill my IRA with /biz/?

make this pic the next thread tomorrow because its JUSTD everyone

>>12023550
cant wait to pick up those young Cheapies tomorrow

>>12023564
*sips*
Ahhhhhhhh, nothing beats a good bottle of coke.

>>12023555
Tr-Tr-Trips
tomorrow will be glorious. -4% or higher for S&P bby

>>12023564
T LMT DIS MSFT

GE is gonna break $7 tomorrow

>>12023582
Their dividend yield and low as fuck beta is great. Everyone like WM for downturns, but KO and other low beta, high dividend consumer staples seem great. Am I missing something?

I switched out my USO calls for SPY puts ending in early January and some this Friday + USO puts ending this Friday. Thoughts?
The USO puts are questionable, but I had made some money off puts on it before the G20 and switched to calls on Friday and got some profit off the lift, but now it seems uncertain again so I switched back to puts.

>>12023621
Nope, you've got it right. Fat consumer dividends and utilities do really well, even in recessions.

>>12021128
Thanks! Appreciate that if you remember to do it

>>12023519
IM JUST SO LONELY AND HORNY

WHY DOES FAKE NEWS HAVE TO EXIST
I SHOULD HAVE MADE 25000 TOMORROW BY HAVING 10 AMAZON 1725 CALLS FOR 100 EACH AND NOW I MISSED OUT BECAUSE I BELIEVED IN THE MAJOR RECESSION MEME

FUCCCCCKKKKKKKKKKKKKKKKK

>>12023615
LMT is on my list I am highly considering. Same with MSFT.

What is so great about T? I know their dividend is falsely inflated from them hitting a low in price right now. Their growth is pretty bad too.

>>12023635
Healthcare is the best performing sector.

If you control the children you control the market
Long Disney, Nike and Adidas

>>12023653
Hulu asset selloff, debt pay down, Time Warner and starting yield pushed down by FUD.

>>12023721
Kids love gambling too.

>>12023519
Say my name before it's too late

>>12023734
Meant for
>>12023687

Holy shit. The market is flat out crashing. I would sell everything if you still haven't cashed out. S&P500 futures are down -1.33% and NASDAQ is down -1.69%. We will see another -3% day. This is seriously terrifying. This is looking like the biggest crash in history. Ignore the dummies saying to DCA down to $0. Sell everything and come back in at -50%. This is the big one.

>>12023756
see >>12023555

>>12023582
>”a bottle”
>actually a can

Ok retard

>>12023667
>>12023635
Health care, utilities, and consumer staples are the holy trinity of defensive noncyclicals to hold in a bear market

>>12023814
>Health care, utilities, and consumer staples are the holy trinity of defensive noncyclicals to hold
Health care? you mean like LCI?

>>12023740
P-peter S-

>>12023814
Utilities are better to enter in the midst of things.

All in on APHA tomorrow.

Shorter's a fucking lying faggot.


https://mobile.twitter.com/savestacks/status/1070509710271569920

listen from 13:45 to 14:42 for some motivation folks

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

>>12023882
whats the story here??

I already have LCI and won't sell it for another drug company but if it's a good story i'll throw some chips on the table.

>>12023882
Good luck...... hopefully we have a bottom.

>>12023918
Weed IPO got FUD’d by bears

>>12023918
>>12023919

A company called QCM in conjunction with Hindenburg Research is shorting the fuck out of Aphria, one of if not the leader in Canada MJ.

They successfully thrashed the fuck out of the SP but the report is complete horseshit, to the point where something they claimed in the report, that there was no dispensary in Jamaica at the address Aphria claimed and that it was in fact a shell, required one Jamaican dude five minutes to drive to to prove incorrect.

Not to mention the shorter interviewed on BNN today looking like an absolute dear in the headlights. My guess is they've already covered their short and are long now, so I'm riding this bitch back up with them since they already screwed me out of money.

Currently at 600 shares at $9.22 average. Going to buy 400 shares tomorrow to hopefully get the average down to below $8 and ride this bitch up to at least $15.

My life is ruined but idc because I'm drunk. I get bullied I'm poor everyone is above me I'm a pariah but idgaf fuck the jannies

>>12024002
What a disgusting woman

>>12024018
>What a disgusting woman
Yeah I bet she has a yucky vagina

classic bear trap enjoy missing out on those huge gains next week

Wtaer and sleep for dinner for the rest of the week...

TA on Aphria since it's the talk of the town.

No meme lines needed here other than support and first major resistance above current. For me it's mainly a matter of whether or not that $4.55 support from June 2017 (yes 2017) holds up. Thing is obviously way oversold on daily and weekly. General way to play it is to wait until it falls to support and holds or, if not, whether it enters a consolidation range for a while on declining volume followed by bull break.

>>12024089
You gotta accept that anything past rudimentary TA is a self-fulfilling prophecy. Even then you should take it with a grain of salt. Go ask some decision science guys or finance guys about it. They all know it's bs.

>>12024055
The yield curve inverted. The market is not going up for a long time mate. Please tell me why you think the market will go up again in short term? There is no more good news on horizon. You are stupid if you haven't liquidated everything. Screen cap this post if you don't believe me.

>>12024147
>The yield curve inverted

the 3 year/5 year yield curve inverted, not the 2 year/10 year yield curve
the 2 year/10 year curve is the one that matters

>>12024163
If the 2yr goes above the 10yr, I'm gonna shit my pants.

>>12024147
>Please tell me why you think the market will go up again in short term?
people are still blindly buying with 401ks and apps like acorns

>>12024055
bears have a stronger case then bulls right now.

>>12024163
k. You realize that one came within single digits of inverting, right? It will invert within weeks if not days. You are stupid if you think a recession is not coming along the way. The max 20% gains you can make before the recession is not worth the 50%+ you will lose during it. 50%+ > 20%.

>>12024089

On the positive side, this week there is a breakout contender that, unlike the stocks I hold (fuck), broke out and held a lot of the gains. Fucking TerrAscend and Curaleaf broke bullish in the past couple days and both gave away all or almost all gains from the day, respectively. Bah!

Anyway. 48North here. NRTH on the TSXV. I know absolutely nothing about this company, only just noticed the chart this evening. Pretty good pop on significant buy volume, held green today despite the ETF losing a decent chunk under sell pressure. For this I either want to see a break above 0.71 resistance or consolidate in to bull flag formation with a sharp volume drop.

>>12024170
Those people are a tiny fraction of the market. They are irrelevant.

>>12024175
>all stocks lose 50% during a recession

>>12024138

I'm a swing trader, anon. TA is critical for it. Yes, partly because every other day and swing trader on the market uses it and bases their decisions on it. So yes, self fulfilling. Nevertheless, trading short term is impossible without using and understanding TA.

>>12024194
>>12024175
these percentages you're pulling out of your ass are completely arbitrary and don't take into account the fact that not everyone has the exact same portfolio
some sectors perform better than the rest during a recession, namely noncyclicals (health care, utilities, consumer staples), because they produce goods and services that are in demand regardless of what the economy is like (water, food, electricity, medicine, etc)

>>12024138

what the fuck is decision science hahaha

>>12024175
its cute that you think you can time the market. when you get a big boy account with tax implications for selling you'll understand that you properly allocate capital to various assets and just go with whatever scenario presents itself, readjusting along the way.

>>12024253
What did you do with your holdings during the last recession?

>>12024175
>>12024213

lol peons
the Fed patched recessions
This is the golden bull run
See you at SPX 3000 peons

>>12024275
"Energy" means Utilities, and "Staples" means consumer staples

>>12024263
i only had paltry sums invested so it doesnt really matter. i went short in 2010 tbqh, it was the wrong move.

the retards on here giving advice have 2 months of salary involved and are not serious investors.

Going all in on SPY puts

See you in hell boys

>>12024226
I'm not sure if you're fucking with me or not, but I'll give you the benefit of the doubt. DS is the field that actually builds forecasts. Their entire field is dedicated to interpreting data sets, like say s&p 500 data. If you actually give a fuck look up the random walk, and forecasting methods like Winter's, Holt's, ARIMA, seasonal variation, p-values, and t-tests. You can give yourself a layman's rundown pretty quick and be just knowledgeable enough about it to be dangerous.

Before anyone thinks I'm DS and trying to talk them up for some reason, I'm a private accountant.

>US in the middle of negotiating a trade deal with China.
>Decide it's a good time to arrest Huawei CFO and piss off China
Whatever hope there was of a US China trade deal to give this market some hope of recover just went out the window. See you guise at the bread line.

>>12024289
Interesting, I've never gotten the perspective of someone who was invested in equities during that time. With that experience, you would still say it's a poor choice to attempt a bit of market timing to avoid the worst of the drops? It's hard for me to justify being long in any capacity with this much volatility, and no sign of it slowing.

>>12024253
"readjust along the way" is market timing you fool. You "don't market time" people are the worst because you are delusional and try to rename whatever you're doing as not market timing when it clearly is.

>>12024332
>implying that's not leverage

>>12024170
>people are still blindly buying

If the market is going up, blindly buying is adding to a winning position
If the market is going down, blindly buying is cost averaging down

Even though it's a braindead strategy, continuously buying works in the long term for most normies

>>12024335
i think it's a poor but inevitable choice (from my own experience). you need to learn for yourself, because when you view market movements in hindsight everything seems obvious until you need to make decisions in real time. let's say you go to mostly cash because you're nervous - when do you get back in exactly? play out the various scenarios in your head. buying is difficult because there is always a reason not to.

>>12024358
i don't try to predict in the future, but instead keep a specific ratio of various asset classes (stocks, bonds, cash, etc). that's not timing, that's rebalancing at set intervals.

>>12024390
Until the market tanks, you lose your job, and can't buy shit anymore near the bottom. Seems like DCA posters like to live in fantasy world where recessions only impact the stock market.

>>12024393
>he doesn't have job security

>>12024393
>tfw everyone in the world was unemployed during the Great Recession

those poor people

>>12024407
ha

>>12024391
Why go all cash when you could just go with a safe bond ETF like BND and sit as long as you have to?

>>12024278
this. Its mathematically impossible for the market to go down any further

>people actually afraid of a dip

>>12024443
>omega titanium diamond plated support at 2660

>>12024169
>tfw when the 1 month goes above the 50 year

>>12024434
in the short term, i would consider BND and cash essentially the same thing. so if you hate the idea of inflation eroding cash holdings and want to collect your 3% - fine, consider it the same thing.

>>12024485
Cash loses value while BND outperforms inflation man you can't compare the two.

ready for cheapies?

Do I sell my $500 of TQQQ tomorrow and immediately put it into SDS? There's no way in hell tomorrow is a bull day.

IM FROM GOVT AND I THINK BND SUCKS

BND is not the same as cash. The government debt is insane and the US is likely to default on its debt within the next 10 years. US government bonds are worth less than toilet paper. You couldn't pay me to take them.

>>12024574
sure, unless bond yields go up. look at 1Y chart of BND. i can't predict this shit so i hold both BND and cash.

>>12024646
If that happens you will have much bigger problems than your portfolio to worry about haha

>>12024646
I didn't know Ron Paul posted on 4chan

>>12024646
don't ever go full doomer

Technology is still advancing at a good pace. If that stops then you can become a doomer but right now we still many exponential fields of science and technology that will drive the economy.

>>12024697
Only a matter of time now, mate. I am the only realist in this thread.

>>12024697
this is the reason i'm eternally optimistic on equities, over the long term. also i've watched too many ray kurzweil documentaries. i suppose the history of the market also has something to do with it.

>>12024733
let's pretend you're right and we're headed for another major recession and huge market drawdowns. what levels are you all in? and if we don't hit that level, what do you do with your capital that's being eaten by inflation?

>>12024253
How much is big boy account to you?

>>12024764
i'll keep it relative and say 10 years of intentional savings. with that perspective, the money means something to you and is not something you're willing to gamble with willy nilly.

>Powell got dovish
>Trump/Xi ceasefire

It was too sudden. The big boys had shifted too far to shit that was too safe. Now FUD articles are spreading so that they can sell out of the mini-rally and get into position for the return of the golden bull.

The yield curve that matters didn't invert. And even if it had that means the shitstorm is still at least a year away if it comes at all. They are manipulating you. Call the bluff.

Don't be caught like a flat footed bear bitch. Get in there.

>>12024782
>the money means something to you and is not something you're willing to gamble with willy nilly.

that's completely antithetical to the advice "don't invest money you can't afford to lose"

>>12024658
by the way, if you do decide to get a knife for your christmas present, you're going to need to learn how to sharpen it eventually
no matter how good a knife's steel is, it can't hold an edge for long enough that it never needs to be sharpened

a arkansas or diamond bench stone and a leather strop should do the trick for just about any knife you could buy (unless you have a super hard powder metallurgy steel like S35VN or S90V, then you should definitely use a diamond sharpening stone)
avoid tungsten carbide pull-through sharpeners at all cost, they don't work and fuck the blade's edge geometry up
it might be better to learn how to sharpen on a cheap kitchen knife as well, if you have the option, just to make sure you don't make any really dumb mistakes and mess it up too much for you to be able to repair
even if that does happen at some point (very unlikely as long as you aren't a complete retard about it), a professional will likely be able to fix whatever the issue is

>>12024795
i'm talking about saved money that's above and beyond 6-12 months of emergency funds. if you can't scrape together additional savings beyond that then you probably shouldn't be investing it.

>>12024782
Hmm if I had 10 years under my belt and have held 100% equities for the last few years, I’d swap some for bonds and not even Bogle himself could convince me to hodl.

imagine if a president had sacked up 20 years ago

you should be spitting everytime a president is mentioned that's not Trump.

>>12024817
>mess it up

mess up your actual good knife up*
the kitchen knife is intended to be messed up if necessary

>not even of working age when the longest bull run in history began
>joining the workforce as the bear begins

>>12024823
same, i'm not advocating otherwise. i have about 65-70% of my saved money in stocks. the rest is bonds, cash, gold.

>>12024817
I bought a super fancy Masamoto knife that's 62HRC, what whetstones should I get?

>>12024735
The current technology in use is always way behind cutting edge. You don't need some breakthrough to secure gains for the next 10 years on technology.

The average IT/technology in use is on average always like 10 years old.

3% gain a year average is easy peasy for the next 10 years for equities when you average it

I have no doubt that self-driving cars could be bruteforced by then with current technology, much less with 10 years of progress.

>>12024855
What I’d just described is market timing...

>>12024817
Thanks for the write up!
So what you're saying is I can't just use the automatic sharpener in my kitchen

man i should just stick to GICs for now until I learn how to gage resistance levels at least.. just lost $400 trying to buy into a dip twice, stop limit (which was set to max 10% below) hit same day each time

i mean it's a gamble either way with weed stocks but i figure it'd be a fantastic opportunity to buy any of the big non-aphria weed stocks considering they're all being dragged down for no reason other than aphria's own issues. i mean i guess if i'm not willing to risk without stop losses then i'm just throwing money down the drain?

>>12024899
>something literally named "WEED"

Once it's legalized federally in USA all those small companies will get slaughtered by big money

>>12024868
yeah i work in a IT shop where we still have mainframes and COBOL developers. we also are rolling out IaaS/Infra as code with kubernetes where appropriate. it's a delicate balance of efficiencies and keeping customers happy with a stable service.

>>12024870
i rebalance every 6 months or so based on my plan, regardless of where the market is. i don't attempt to predict the future, but rather adjust my asset allocations based on their current standings. that's not attempting to pick a top/bottom or time the market.

>>12024860
fuck whetstones

>>12024733
oh hey mister wallstreet bets ;)

>>12024175
More or less this. I’ve hedl 100% equities for the past few years and recently have exchanged most of that to short term bonds. Anyone still hodling 100% equities at this point is delusional and inexperienced.

>>12024868
I doubt true self-driving cars will ever be allowed on roads. There are various levels of automation and we aren't near level 4 yet. I'm not worried about the tech though. I think liability issues will prevent manufacturers from making them.

For example if a drunk pedestrian stumbles in front of your vehicle on a rainy day what would the car do?
>swerve to avoid the pedestrian
hit the telephone pole on the right and the income traffic on the left. driver sues.
>slam on breaks
smash into pedestrian and pedestrian sues.

Seems pretty lose=lose to me. In the end whatever accident occurs were a manufacturer's programming resulted in or was even involved in bodily harm to a human you are looking at massive lawsuits on a regular basis. Kind of shitty.

>>12024907
>will get bought out by big money
ftfy.

>>12024920
Yes, if you actually look at technological advances we are fucking awful as societies at leveraging it.

All of it is going to garbage like advertising technology.

We definitely should be at 5%+ GDP gain a year. (probably would be without illegal immigration)

>>12024942
Shouldn’t the car prioritize the drivers safety and plow over the pedestrian? True self driving cars would help realize my dream of a world where jaywalking is punishable by death

>>12024942
it's literally legal right now in Arizona and California

Alphabet even has a full commercial license in AZ without requirement for driver.

>>12024823
rule of thumb is 90 - your age % in bonds

>discuss anything technological in business / investing

Just have to accept that they can't understand it or price things in tech correctly and bet using the knowledge everyone actually trading tech is retarded

>>12024942
neither, you build a car that goes below the speed limit when pedestrians are around and has padded body panels that crumple like paper. don't forget to pop on down to the dealership and get em replaced.

>>12024907
This. Corps like MO will just buy or crush fucking everything after forming a legally separate shield entity. Shit's gunna be crazy. You already see them adapting to the vapers.

>>12024907
if anything, the company that's literally named WEED is the best choice since it's pretty much owned by constellation brands. Being Canadian-based has huge advantages since they can actually export to other countries while US is still legalizing one state at a time, probably will take at least 3 years considering Canada's own journey and how retarded many of our senators were

not that it matters, WEED still went down -10% for no reason, RIP to all those US bagholders who were holding it with no control today

Don't forget to look into LCI guys.. more drugs coming through the pipeline and more deals to come.

https://www.youtube.com/watch?v=Fi313ZjiQLo

>>12024980
I’m 22, you’re saying 68% of my portfolio should be bonds?!

>>12024853
heh I remember entering college in 2008 and freaking about the job market. grass is always greener friend

>>12025012
thinking face
ok its your age - 10. got it

>10-2 will invert in the next fortnight if current trends maintain, let alone a crash tomorrow.
I-I'm ready...

>>12025009
still waiting on the big5 short squeeze desu

>>12025031
the past doesn't predict the future

>>12025036
>still waiting on the big5 short squeeze desu
good luck bro.. you should've dumped that awhile ago..

>>12024964
Haha. The reality is some asshat lawyers will get involved and there will be years of litigation for every fucking accident or a stream of fat settlement checks until the class action lawsuit.

>>12024968
Wait for the accidents to happen when they are selling level 4 vehicles then and watch the lawsuits roll in like I said. I never said it was going to be illegal, I said the lawsuits are inevitable and I think they will be VERY costly to the point where companies stop at level 3 automation so you can still blame the driver and be absolved of any responsibility.

>>12025049
I SHOULD NEVER HAVE BOUGHT

TWENTY THOUSAND DOLLARS
I LOST TWENTY THOUSANDS DOLLARS THANKS TO YOU

F U C K
Y O U

>>12024956
i think there are bigger societal issues that arise if we moved as fast possible. look at the amount of unskilled vs. skilled workers that we have today. can you imagine if we actually did move at 5%? the fight for $15 movement would only be the beginning. it's a tough scenario, i dont have the answer, but i'm just glad i can keep up with it. unfortunately many others can't, and fast change doesn't make for a happy population.

>>12025063
nobody here is in charge of your trades.

>>12025105
YOU TOOK RESPONSIBILITY THE MOMENT YOU PUT ON A TRIP

AND I'M HOLDING YOU ACCOUNTABLE

NO ONE ON S M G WILL EVER MAKE MY MISTAKE OF LISTENING TO YOU AGAIN

>>12025137
thats cool and all.. but you should really check out LCI

>>12025137
>>12025165
Priceless

>>12025137
he didnt put the disclaimer on when he shilled it
You can legally sue

>>12025070
It doesn't work that way. The freed up money is spent and more investment takes place at +5% growth. The "velocity" of currency in the system increases which creates more jobs.

It does the opposite of what you think.

>>12025177
>taking advice from an Indian basket weaving forum

Thinking about buying 2k of an index fund or 2k of stocks of the bank I work for (KBC) with 15% discount as my xmas gift. Idk

>>12025273
buy the discount, sell, pocket 15% then buy the indexes
i hope this was informative in taking advantage of employee benefits programs

Ignorant milennial here. We confirmed for a depression right?

>>12025321
Prolly gunna be patchy for a bit (2-3 years maybe) a year out or so but the real answer to your question is nobody knows for sure.

>>12025307
Got to keep the stocks for 2 years though. Else it was an obvious choice...

>>12025321
>>12025358
Yeah, the sense I'm getting is we're in newish territory, since having such a nice long bull run. Also the Fed seems to be in slightly less danger of fucking everything up, since its no longer being run by Ben "brainlet" Bernanke.

>>12025321

>>12025398
cringe, at my company they literally let us buy at a 15% discount and sell right away
in that case buy index funds
think about it like this, your company dies not only are you out a job but also your stocks are RIP. best to diversify your financial future

>>12024907
>Once it's legalized federally in USA all those small companies will get slaughtered by big money

Canopy Growth is 38% owned by Constellation Brands already, and that's not including the warrants Constellation can exercise at any time before they expire. You can expect Constellation to take majority control when they feel federal legalization is imminent. This makes Canopy the safest long term hold in the sector. No other dude weed is in this situation with a monster big alcohol or big tobacco. The hot rumor right now is Altria buying CRON. If that happens, of course there you'd have both big tobacco and big alcohol with their dicks out on the table.

The reason it may be important for a big money company to buy a Canadian one is head start on growing facilities. Fully built out and operational, Canopy Growth's facilities far exceed any single company currently operating in the US has to offer. Perhaps as the US cannabis market expands to increasingly more states, a large enough company will emerge and look more attractive as a buy out than the Canadian ones.

>>12025321
No. But its more likely two years from now.

We'll be fine for at least a year. Don't buy the FUD.

>>12025518
>he says while dumping

>>12025321
>depression
nah, but we are overdue for a recession and I would be shocked if we aren't in one by 2020

>Futures looking good bois

Wait what, if I watch the news correctly, then there's basically zero chance to avoid hard brexit? As otherwise that would requires Northern Ireland to be permanently stay in the European single market

>>12025675
>Dec 11 2018
>May plan is defeated in parliament
>Global economy in free fall
My short are all set

>>12025675
only like 10 people fully understand brexit and they're all extremely boring people
everyone else just assumes their surface level understanding that somehow perfectly aligns with their political views is obviously correct

>>12025479
Good thinking. The company is pretty solid though and 2 years doesn't seem so long. Also a pretty nice dividend. KBC was the bank that stayed strongest and handled the 08 crisis best in Belgium .

>>12025705
The majority of the people wanted Brexit. This middle of the road piffle May has scratched into clay with her deformed paw, at the behest of EU oligarchs, is equally dislike by both sides of parliament.

>>12025705
Full understanding is not necessary as we only need to see how people react and counteract base on their own understanding, then everything will progress automatically and according to understanding of people.

>>12025760
that's you right elon?
>tfw searching the thought vector space

>>12024860
>whetstones

I personally only use diamond sharpening stones, so I can't say anything about those
Still, since it's a fancy kitchen knife, I'd say just look around the internet and find a reputable brand, then buy one that's a finer (higher number) grit, which will give it a more refined edge (but also take a very long time if you're trying to sharpen a dull knife with it) you should be aiming to make a sharp edge sharper if you're using a fine grit whetstone

>>12024872
Yes
All automatic kitchen sharpeners are shit compared to even a cheap bench stone, no matter how much they cost

>>12025063
>I LOST $20,000 BECAUSE OF MY BAD FINANCIAL DECISIONS AND IT'S YOUR FAULT

it's tough, but if you were gambling that much on /smg/ picks, then it's evidently not your life savings
learn and move on

>>12025794
Hey have you ever used a spyderco sharpmaker? I have some whetstones I like alright but they’re 30 years old since I got em from my dad. I’m capable of getting my knaifus very (but not shaving/cutting super thin paper all sexy) sharp using a mug bottom and belt strop freehand. Think it’s worth?
Also the esee factory edge is a bit better than I expected but probably not what you should be getting from a $100+ knife if you’re wondering. I know you were thinking about an izula, I used to have an Izula 1 and it was great. The stock is THICC for such a small knife though so they’re kind of weird.

>>12025639
The dude weed should go green tomorrow regardless. The panic selling today was just dumb. Aphria i understand with all that fud but everything else took pretty bad hits for no particular reason to the point that most stuff is oversold on daily rsi now.

>>12025854
I haven't personally used a sharpmaker, but I have heard good things about it
I would say it's a good buy if you're willing to pay the money, it's the "quintessential" guided sharpening system for a reason
This (https://www.amazon.com/Lansky-Deluxe-5-Stone-Sharpening-System/dp/B000B8IEA4)) is a very good option for the price, but there's much more of a learning curve in figuring out how to actually use it than there is with a sharpmaker

I'm planning on buying a fixed blade in the future, and an Izula is on my list of potential options
In my opinion, once you have the equipment and technique to get your knives sharp enough on your own, factory edge doesn't make much of a difference
At the moment, though, my next knife is going to be pic related (I'm getting it as a Christmas present)

wtf happend to the dax overnight?

>>12026158
It seems the Bogs are still hurty about the WW2 defeat

>>12026217
The british market dropped also like a stone at midnight CET. Must be related to all this Huawei bullshit.

I am an idiot for buying BLNK back in at 2.20, gotta feeling it's going to crash

It's just everyone bogging one another

The Mainstream headlines are all trying to induce panic on business places for the past month. The headline going into G20 was that Trump wouldn't delay tariffs at all.

Right after G20 they said Trump would delay tariffs for 90 days.

Everyone is bullshitting and right now the big interest is in dropping the market.

>>12026275
answer is because most americans don't save or invest halfway decently

Any boomer should be worth 2+ million right now if they invested at all through all these booms and busts. Any boomer under 2 million net worth is really fucking bad with money

Going to go all in MU once it hits 35$. It can not go any lower, isn't it?

Just starting out as a poorfag. How good is robinhood?

>>12025422

>>12026285
can you imagine spending over 50 years investing just to be worth 2m right now lmao

im 28 and have about 100k in equities and still feel like im way behind my goal of retiring by 45, which is only that late because i didnt start investing at 16 like i should have, but at 24

>>12026392
What did you invest in ?

>>12026158
Same thing that always happens to the DAX.

It got fucked.

>fall asleep at 8
>wake up at 3:30

>4 hours to do 10 hours worth of homework, as i listen to the economy raging around me

tomorrow (today) is going to get messy....

OH MY BABY JESUS TODAY IS GOING TO HURT,LOOK ALL THAT RED

DRUUUUUUUUUUUUUUUUMPF!!!!!!!!!!

What the fuck is wrong with america?
Will the dems keep crashing the market for 2 straight years?

Why is amazon freefalling

haunts your path

>wake up
>grab the weights
>turn on Fox Business
>futures in the shitter

Today is gonna suck.

>>12026599
because I didnt sell my share on tuesday

;_;

>>12023519
When does the blood bath start?

>>12026754
the suffering has already begun

>pre-market
wtf

musical theme for today's market

https://www.youtube.com/watch?v=a6BbvCC0VI0

>DAX

>>12026754
T-4 Hours

It’s over isn’t it.

i lost everything

Welp, all my calls are basically worthless now, but I have a few 12/7 puts that will put me green and even stave off my losses. Facebook already has a 200% return and hasn't even hit my strike and breakeven prices.

> DJIA PREMARKET -800
https://www.youtube.com/watch?v=04F4xlWSFh0

>>12026834
-440
learn to read numbers

Fuck it, selling TQQQ and SPXL and buying SDS. Let's see how badly it goes.

Good thing majority of my money is in cash.

>>12023519

>>12026857
But you don't make money with cash

Who here has the money to survive the depression without bullets?

>>12026896
Not money, food.

>>12026896
I have enough for basic necessities but not for any medical emergencies.
If there's hyperinflation my cash will be worthless but I'll still have enough to buy one bullet

Does anyone here remember how the Nam draft dodgers did it?

>>12027007
Why do you think there's going to be a draft?

>>12027011
War is a great way to get out of total economic collapse. Even if it isn't total war, it's obvious there's going to be anarchy in the streets.

>>12024289
>Went short near the bottom
>g-guys i'm a serious investor, believe me
Maybe a retarded "investor", but nothing else.

>>12026775
>5 min chart
>rainbow indicators fiesta
>347 tabs open
yep i'm on /biz/ alright

So short ETFs are good ideas right now, right?

>>12027208
>didnt even notice the totaly smooth penis index indicator

never going to make it son

>>12027212
no, they were good ideas tuesday
or ideally, monday

Friendly reminder that this is not a crash, yield curve inversion barely began and recessions only happen months down the road (15 on average), it's not instant

At least I hope this holds true one more time, kek.

>>12027226
There must be some way to make money on this.

>>12027226
Do you actually use TA to make money of is it just for the memes? Because actual traders in institutions with proprietary systems are light years ahead of TA.

>>12027252
Mr. Rosor we have loaded puts on Fud Inc. Please go ahead and dump now.
No TA needed. Just manipulation.

>>12026894
And im not losing either. I have set play cash. The rest is retirement cash.

Recommend a good short ETF?

I only know of SDS lol

Thanks.

Is robinhood still a good platform to use?
I remember hearing about them screwing their traders over by posting outdated trades so that other companies like frequency trading companies can profit off their users

put all in nintendo on tuesday, watch me get rich today

>>12027410
Buy otm puts on the index

>>12027241
>this is not a crash
futures you faggot

>>12027517
Still not a crash, we're hovering around -10% so like I said not a crash.

so hows it going bulls?

>>12027410
sqqq

>>12027535
the CME hit the circuit breaker on futures trading this morning god you're stupid

>>12023740
mfw i shorted because of him and lost 98%

Well shit. Is this how we enter the recession?

>>12027606

I wonder how those VXX calls I bought are going to be priced at the opening bell.

>>12027582
What

>>12027629
Well I'm glad I pulled out 30% of my shit tuesday

>>12027606
You know what people won't be buying in a recession? Fucking GoPros.

>>12027648
CIRCUIT BREAKER

>U.S. stock futures tumbled Thursday, with selling so intense at one point that circuit breakers were triggered, after the arrest of a Huawei executive reignited trade worries that helped drag equities to their worst session since early October on Tuesday.

>>12027667
fucking chinks

>>12027208
I wonder if these fags are ever going to realize that TA is a fucking waste of effort.

How many times are you guys going to get btfo by your retarded Scientology-tier models before you come to understand that no amount of convoluted math or chart bullshit can allow you to predict future events.

>>12027582
>10%
>crash
chose one
Its not because you've lost 20%+ that its a crash.

>>12027676
>no amount of convoluted math or chart bullshit can allow you to predict future events.
This.

This week in the market (pic related)

Just can't look away

>>12027410
UVXY ... but only after retracement bounce

>>12027676
Shut the fuck up kiddo and let the grown ups do the work, its a way to measure momentum and direction, you fucking peasent.

Today's gonna be a bitch

>>12027717

Its good to hedge but to be honest this is probably another nothing day.

>They are afraid of fed rate icebergs
>I ain't afraid, I am the iceberg

>>12027655
Anon who told me not to sell my Consumer Discretionary and my Market Cap Growth at a 6% loss fuck you. I think I timed the market.

Someone screen cap this for when the golden bull returns and I miss it and off myself.

>>12027806
I told everybody to sell everything and buy VXX. You guys is dumb.

>>12027821
Tripnigger


Are there any good inverse market stocks I should snag? I am not a options guys.

>>12023550
BASED AND BULLPILLED

>>12027834
newfag

>>12027671
It was the c*nadians

https://www.yardeni.com/pub/peacockfedecbassets.pdf

>>12027864
Beautiful.

>>12027858
>>12027858

Fuck them.

>>12027837
nice try shitskin

>12023519
I recently got 100k to invest. I'm looking for a monthly dividend etf to earn a side income. Care to point me in the right direction?
>inb4 all in penny stocks
>inb4 daytrade

>>12027764
>another nothing day
-5 percent EOD you will see

>>12027878
In vest in UVXY Inc.

>>12027834

All the major indicies have non-leverages, 2x and x3 leverage short ETFs.

Nigger, I've been accumulating PSQ for 12 months and recently buying SQQQ from the peak. I'm ready to MAKE IT.

>>12027874

>>12027712
Explain to me momentum when the price of an equity can instantaneously change by 10%+ in a few hundred microseconds. Go ahead. Did you even take physics?

>>12027927
When momentum starts declining of one way we can expect it to change direction, perhaps you should pick up a book and learn how to TA before bashing it. i've been trading for 5 years now as my main income so fuck you

>>12023550
Ive made a huge mistake

>>12027969
Stay strong bull, I'm all inning TQQQ the second the market opens

>>12027969
Yeah...

I have 30% of my portfolio in BABA.

ADP Private Payrolls 179k, Exp. 195K, Last 227K
https://twitter.com/zerohedge/status/1070667979073961985

>>12027959
You are using words completely out of context. You are entirely deluded by this practice and I do hope you recover one day

>>12028002
Same here, but with AMD.

ATVI

>>12028060
Have fun market buying everything and doing the DCA meme, idiot.

I have bought 50 shares at $25 each.

Now i want to sell the 50 shares at $74 each.

Can i just it sell with repercussions and the money will be available soon after in my account?

i heard you need someone to buy at that price?

t. noob

>>12028026
yeah we're dead

An hour until its game time /biz/

How are you feeling?

What is your plan?

What will you tell your grandkids you were doing the day the world collapsed?

>>12028167
All-in VIX
Once VIX run out of steam, it is back to Gold.

>>12027864
>>12027874
How the fuck will this knot be untied

>>12028149
BUMP

>>12028167
100% TVIX.

Guys I have 40K in cash. What can I do with it to protect it in a recession?

>>12027241
you are correct we are not in the deep or even near it

More Sellers Than Buyers Sparks Trading Halt at S&P Futures Open: BBG

>>12028167
>>12028167
>didn’t sleep night before
>tired yesterday
>slept breddy gud last night
>even more tired today
>it’s a very wet cold and can’t get warm
>cloudy so I can’t go warm myself next to the stained glass windows
>got fucking cramps like I’m having a period
Let it burn desu

>>12028232
is everyone here blind?

>>12028167
It was a pleasure gentleman I'll see you at the bottom of this cliff

>>12028279
deluded, just like the ex crypto bulls.

>>12028231
put it in a safe.

hmmmmm...

>>12027411
>What is the difference between a market order and a limit order
>The price on robinhood was exactly $11 on a very volatile low market cap stock on a huge bullish move. Why is it that when I put a market order in, I got charged $11.2?! Robinhood DOES charge commission and they are scamming us!

>>12027876
>Calls people nigger, has the knowledge of a nigger regarding financial instruments that short the market.

Fuck you. I literally gave you a good inverse market ticker in my post.

https://ca.reuters.com/article/technologyNews/idCAKBN1O51CA-OCATC

>EU lawmakers agreed on Thursday to take a tougher stance against tech giants such as Google, Amazon and Apple in new legislation aimed at curbing unfair business practices.

>>12027878

VOO

I get a few hundred every month from that and like anything worth its shit it does grow over time

>>12027766
I love boats.

>>12028231
Nothing. It will be like gold if a true recession crashes the market. Then and only then should you go balls deep in equities after the dust settles.

>>12028149
why doesn't anyone answer this?

Are you all larping here?

>>12028435
What's the bid/ask price of the share?

>>12028385
you don't get shit voo isn't monthly payout larp elsewhere

>>12028435
Yeah you can just fucking sell it. That's what everybody is going to be doing all fucking day today is just selling shit. I'm going to be over here making a ton of money.

>>12028149
>>12028203
>>12028435

I assumed it was a joke.

Are you thick or what? yes you need someone to buy it. and the cash will be in your account but will take a few days to settle.

>>12028357

you put an order in robinhood slows you down and sells that information before you are able to buy, someone else then buys exactly what you want and then sells it to you for that extra .2 profit

>>12028453
$34

>>12028464
Then you need to wait until you can find a buyer at $75. Right now people are only paying $34, that's all you can get.

>>12028458
Yeah I thought it was a joke too lmao. "How can someone be this dumb? It has to be bait!"

>>12028464
Well nobody will buy your shares for 74$ then but you can obviously offer them, you're just wasting brokerage fees.

>>12028464
rofl

>>12028435
>>12028149
people didn't answer it because that question is so fucking idiotic that people assumed it was bait

Up +3% due to after market trading yay

>>12028459
>WHAT IS A LIMIT ORDER

>>12028431
Well at some point I am going to need a new vehicle. My plan was to wait until the recession is in full swing and take 25K of that and pay cash for a new truck once dealers are jumping off cliffs.

Then with the remainder of the money go balls deal into the market.

Yes,no?

>>12028501
that's why i said >t. noob

get your eyes checked

I'm thinking of just spreading some shekels out in a straddle. I'm really convinced this isn't going to be flat, but I have no clue where the bottom is. Maybe even an inverse iron condor.

>>12024853
you're in a good position for sum once in a lifetime gains, fren. stockpile cash and be ready to buy when the time comes.

>>12028400
get in looser, we're ramming wallstreet today

Where are my CFD bros? Who's gonna short the DOW for the first few minutes after the opening?

>>12028510
Get one of those Cadillac Escalades with the big ass spinner rims, niggers love those.

I have SPY puts and USO puts from Tuesday. Lock in profit and sell on open?

>>12028507
people starting off with the market dont know about these things thats why they use products like robin hood

but yes you are right

>>12028510

no

invest the money at the best time possible buy a 3500 prius to hold you over until you are a millionaire

>>12028543
nope we will fade hard wait to sell until later today

G-guys, I'm afraid.

What's going to happen today?

>futures
MOTHER OF GOD

how do i make robinhood not shit for managing stop loss orders?

>>12028564
What about a loan?

I know it is shitty to have a loan but I might make mroe money with the shit invested and pay off that loan slowly?

>>12028571
death but serious today

>>12028576
Without truncation, 255-260 by months end, or sooner.

>>12028584
what if you lose your money then you just have a loan

>>12028543
I'm selling some of my puts for lower strike ones at open to secure profits

how high is TVIX gonna go?

This is it. This is the end.

>>12028564
>buy a 3500 prius
You forgot to mention the Hillary sticker that goes on the back.

>>12028603
i am not unemployed. I can pay a loan off

Europoor here. The whole world is waiting to see what happens in 7 minutes. the exchanges in europe are down, but it might get even worse. PLS dnt sell americans.

>>12028642
We are selling senpai. Sorry bro.

>>12028613
higher than SPY.

>>12028630
Safe in my divvy bubble.

>>12028642
Hush, they gonna sell!

>>12028564
>perpetuating the electric car meme save the planet goyim
t. chemistry/geology graduate

5 minute warning

https://www.youtube.com/watch?v=YwANQb4phH0

>>12028636

if you want an extra payment and get nothing out of it

its your choice

Well

its been 10 years since the last recession.

Do you think you have used these past 10 years well? do you think you used the growing market well enough for your interests?

Depressing to think of all that wasted opportunity. Perhaps we should have been making real businesses instead of playing with numbers on a screen. These next few years are going to be hard.

>>12028631

that car saves you money a shit ton from insurance to maintenance

Made 6% in premarket based TVIX bought it at 40

>>12028675
>Do you think you have used these past 10 years well?
10 years ago I had over 60k, now I'm down to 500 bucks and if I don't make money in the next 2 weeks I'm fucked.

fuck

>>12028675

the recession of 08 i started flipping houses and I am where I am today because of it

I am excited for this next one, now I have real money to invest

>>12028689
Anon, I....

ONE NOTHING WRONG WITH ME

I feel zero fear right now. Are people actually in a panic? This is just a fake dip.

new thread where new thread where new thread where new thread where new thread where

>>12028725
>>12028725
>>12028725
NEW THREAD

>>12028709

The housing market is at a bigger risk than the stock market

people are insane right now but when the dust settles they will wish they had gone in to market during this dip.

>>12028721
There will be no need for a new thread where we are going

here we go boys

>>12028510
Only buy a car if you really need it and get a real deal. The only way to have money is to not spend it. I know I know people say " you could die tomorrow" or something about being a stingy jew., But honestly that is a sizable chunk of cash for the vast majority of people. You really should take time before spending even one cent

Cashed out on my puts from Tuesday. Might get back in. Good luck bois

>>12026231
Check last thread comment about brexit