/biz/ - Business & Finance

The previous thread is wrong, it's actually >>12592858
>>12592858
>>12592858
>>12592858
Sorry

I hate this goddamn country. Wanna day trade? Nope, you don't have 25k in your account. Wanna buy into some fund? Nope, you don't have a million dollars in assets and 200k yearly income. Can't even throw a few satoshis at some ICO thanks to the SEC.
>It isn't cuz you're a poor piece of shit and we're rich and we wanna keep it that way.
>Nonononononono. We're just trying to protect you little buddy.
But I can take the same money I would have invested and go buy a GODDAMN LOTTERY TICKET. I can take a credit card to the casino and knock myself out. And that's perfectly fucking cool.
Fuck this piece of shit place.

Name ONE bad thing about Robinhood. I dare you.

a split thread at this hour

>>12596906
>fails at limit orders
>no drip
>doesn't get call/put orders right
>charts are shit
>stop losses fail
>takes 14 days for customer support to get back to you

>>12596569

>be me
>learn about LCI short squeeze thesis
>try to catch falling knife at upwards channel support line
>it goes below support line because general market shits the bed and there's a general selloff after S&P rejected above 2650 again

Lost like 4% of my stack on that. Gained 8% later that day but holy shit what if I hadn't? I'm pretty confident in my trades giving average higher gains, and I do use stop losses and rules for myself in general, but I wonder if I'm just going to enter a series of bad trades and lose my shit and kill myself at some point.

Maybe I should just long ethereum at 1.40x leverage in a CFD and sit out the year. Should give me at least a 10x and chances of ethereum dropping so far I get margin called is extremely low.

>>12596569
it's unironically to keep Americans safe.

If you worked with Americans who have money to invest, you'd realize they view the whole world of finance as a lotto ticket. I mean these people are really fucking dumb, and they blow up their accounts all the time. Even Americans with $100k in liquid cash will fuck everything up for themselves without much care. The laws are absolutely essential due to average IQ here.

>>12597639
Then there should be like an exam or something you can take to prove that you understand. Not just having a certain net worth, which is the current system to become an "accredited investor".

>>12597685
Unironically when I oppened my trading account (frenchfag here) there was a little exam with 10 multiple choices questions. It was kinda fun.
I guess if you fail your bank calls and ask you if you really want to do that.

is the DAX smelling an hard Brexit or Powell fucking up again or... both?

https://www.investing.com/indices/germany-30-futures

>>12597988
>dax opening red
>cac opening 1% green
probably brexit, since the EU announced that the brexit deal wasn't renegotiable despite what the brit parliament tries to say.

>>12598006
woops, cac data just updated, opening at equilibrium

>>12598006
>cac opening 1% green
that was yesterday

https://www.investing.com/indices/france-40-futures

>EU announced that the brexit deal wasn't renegotiable
maybe it has something to do with the unstoppable Kalergi Plan?

>>12597685
I see your beef is with the accredited investor distinction.

It's more to do with regulating the advertising of financial services actually. Imagine if any old fund could mass mail grandmas and grandpas asking for $25k to get started with a plausible investment strategy. The fund has a good track record, things seem swell enough, but now they can line their pockets with easily persuaded investors (dumb money) and report it as profit.

This is how we would end up with 100,000 Bernie Madoffs

Federal Reserve is having their press conference tomorrow - will talk about this year's rate hikes and balance sheet reduction. Amazon, Alibaba, Boeing and Microsoft are all reporting tomorrow too.

M sell signals fired off on QQQ late last week and yesterday. Apple's bounce has already faded in the futures and the aforementioned events taking place tomorrow will tank the market for another December low retest before continuing upward.

SQQQUAD UP

>>12598044
Update: the futures didn't just fade, they are already red.

>>12598032
He's probably along the lines of brits reaping what they sowed

>>12598065
TUMREEN DOWN

this is useful to keep an eye on several charts, if you don't have multiple monitors:

https://addons.mozilla.org/en-US/firefox/addon/tab-rotator/