/biz/ - Business & Finance

Sitting on DAL, UAL, and NCLH puts right now. Feeling comfy

HOLY AHHHHHHHHH
SOMEONE JUST DUMPED A BILLION IN LOTS
INSANE FOR THIS TIME OF NIGHT

>>17460857
Nice. Post em?

what is FoM?

It's happening anon. This is the beginning of the next great depression. Stock up, prep yourself for rough years ahead, food shortages, water shortages, global economic instability, war, pestilence, death. It's finally happening, this is the beginning of the end times. We didn't listen, we didn't care, and now we will pay the price for our greed and destruction. The whole system will collapse, society will crumble, knowledge will be lost forever and humanity will never recover.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>17460776
>he didn't include the bear hentai link
You won't be allowed any of my rice and beans once the swift scythe of death culls 90% of the world's population via the virus.

Currently holding some APPL puts. Thinking about selling and doubling up but really worried about getting fucked by a green dildo.

I can't believe we are getting another 2% red dildo hours before the opening bell. Shit's crazy.

What puts do you fine gentleman own?

>>17461309
Do not give in to evil, but proceed ever more boldly against it.

>>17461367
>What puts do you fine gentleman own?
Appl, spy and sny

Bears are going to get fucked on leverage on Monday

https://www.investopedia.com/
https://www.khanacademy.org/economics-finance-domain

Anyone have experience with either of these?

Is there something better? i.e. a nightschool class? I want to learn how to identify stocks and what to look for in researching companies

this is the thread

>>17462186
It's comfier. I accidentally a mess in the other and i'm sorry.

I genuinely hope some of you commit suicide over your losses.

Futures pretty steadily breaking clear of the hourly bearish channel from 3190. Could be some green today.

It’ll all fall apart. I’m making this post 1 month from now as a time traveler, it get worse

>>17462458
Better then worse then better then just as bad then bull market to 4000. Choppy choppy.

DAX is dumping again fuuuuuuuuuck

big red candles tomorrow?

>>17460776
Whats a good broker to buy/sell calls and puts on as a not burger?
Robinhood seems so easy.
I'm trying to use +500 but cant figure it out. Wanna short delta airlines.

RIP big5gay

>>17462833
You will be missed, big5goy

>>17462844
Good night, bb
RIP in peace, big5cuck

JJJJJUUUUUUUUUUUUUUUUUSSSSSSTTTTT

It's grate day

if u haven't exited now you're going to lose everything, so long bagholder supremes

Anyone else up pre-market? Aha

friday gonna be flat or red, no way it's going green into the weekend.

How is UnitedHealth stock dropping? Shouldn't a massive pandemic mean they'll make out like bandits?

>>17462922
>he thinks he's gonna be flat
hahahahaha

>>17462922
>he thinks it's gonna be flat
hahahahaha

>>17462934
Payouts for victims. New to stocks?

>>17462968
No I'm just retarded and didn't think about payouts lmao

AHHHHHHHHHHHHHHHHHH!

>>17460776

>>17462985
Haha. Could be worse. I called my broker yesterday and wondered why my orders weren't executing at like 8:30AM

Good morning to some beautiful red

What's the best move as of now?
Every market is fucking free fall and have around 10k$ I need to put somewhere

>>17463068
either stay in cash for now, or shorts

Depending on the rest of the week, i think monday is gonna open to even more red

>>17463068
Cash or shorts
We do not really know how the markets will move from here though.

>>17460776
B U M P

Disney
https://apnews.com/323d2e3fa1390925934d9f896456c9ce

MasterCard
https://www.marketwatch.com/story/mastercard-ceo-ajay-banga-to-step-down-at-year-end-chief-product-officer-to-assume-top-job-2020-02-25

L Brands
https://www.businessinsider.com/l-brands-ceo-steps-down-company-sells-majority-share-in-victorias-secret-2020-2

Salesforce
https://www.businessinsider.com/salesforce-ceo-keith-block-steps-down-marc-beniof-ceo-2020-2

Uber Eats
https://www.cnn.com/2020/02/25/tech/uber-eats-jason-droege/index.html

HULU
https://techcrunch.com/2020/02/03/daily-crunch-hulu-ceo/

MGM
https://www.cnbc.com/2020/02/12/mgm-resorts-ceo-jim-murren-is-stepping-down-shares-jump.html

IBM
https://www.cnbc.com/2020/01/30/ibm-ceo-ginni-rometty-steps-down-arvind-krishna-to-take-over.html

LinkedIn
https://www.forbes.com/sites/kimelsesser/2020/02/05/linkedin-ceo-steps-down-and-focuses-on-increasing-network-diversity/#2168a4d011ed

So quiet, burgers are asleep eh

>>17463068
buy cheap, sell expensive

>>17462413
How can I lose if I never sell?

>>17463068
gold mining stocks

>>17462413
priced in already

>>17460776
REEEEE FUCK FAKE KNEEPADS
There was a PERFECTLY GOOD thread still going and you didn't even post in the thread to say you started a new one?

You ruined all the good conversation that could have been had about important things!!!

>>17462934
>>17462968
Because of Bernie. Are you fucks serious? He wants to make their business illegal.

>>17463158
Posted about this the other day...
posted about a lot of things... I should have trusted my judgement and not listened to any of you. Now my accounts are redder and I am bagholding a share of pathetic stock MSFT for ever.

>>17460776
new cases popping up in all euro countries today! first cases reported in poland, austria, and estonia. my euro short play might actually work ill let you guys know how it goes tomorrow

lol
>b-but based orange man good will p-pump

hahahahah dying here somebody help
..............

1h ago 08:53

Market analyst Connor Campbell of SpreadEx blames president Trump for today’s rout:

'With the coronavirus death toll approaching 3000, South Korea suffering another swell of cases, financial warnings from the likes of Microsoft, and the launch of an emergency response plan in Australia, it was hard to find even a modicum of comfort on Thursday morning.

The fact Mike Pence – whose policies helped lead to Indiana’s worst outbreak of HIV, not at the height of the crisis, but in 2014/15 – has been put in charge of the US response to the coronavirus was arguably the tipping point for investors.

It’s an unserious choice by a President who, on Wednesday night, seemed too blasé about the issue for the market’s liking – especially since former Fed chair Janet Yellen speculated that a surge of cases in America could force the country into a recession.'

>>17463372
Oh he did terribly. The futures were flat and he really came out and talked the market dowwwwwn.

AND he gave up the ghost:
He said that cutting rates is bad for savers. He said that the rate cuts he wants are hurting americans who are just trying to save some cash.

>>17463392
Terribly? Trump did a fantastic job!

oh no no no no
The '''''''''''efficient market'''''''''' seems to be blowing this off.

https://www.reuters.com/article/us-china-health-japan/japan-coronavirus-clouds-gather-as-woman-tests-positive-for-second-time-idUSKCN20L0BI

>Just today I read that in Hong Kong, they're actually employing
>DIRECT CASH TRANSFERS to citizens
>to buffer the impact we're seeing from the Coronavirus

IS THIS FOR FUCKING REAL?!!??
Is this helicopter cash?
Can we get some of that?
Is that the "fiscal stimulus" that central bankers are always saying they need politicians to provide? Because they can only do so much with monetary stimulus?

>>17463372
>it's drumpfs fault the market went down
>not China shutting down for corona virus
>oh hey haha you gonna drink that soimilk?

I don't even like Trump that much but you just made a showcase of your own stupidity.

>DAX tanking again
>Confirmed case at a doctor's surgery in fucking BUXTON which is in the middle of nowhere
I'm out of here and heading for a large food supply

>>17463558
the futures were flat then tanked as he spoke you dumb fucking cunt. analysts all over the world are selling because he had no clue and there will be a huge untreated outbreak in the USA
pic related: you
- gone to buy supplies fuck you

Posted in the last thread but it, um, bears repeating
SSO is a 2x leveraged ETF based on the S&P 500 and it is one of the few leveraged ETFs that existed before the Financial Crisis of 2008. Had you bought SSO at the top of the market before the recession in October 2007, as of now you would have 180% gains. SPY bought on the same day leave you 98% up. So had you bought the 2x ETF at the worst possible time, you still would have almost double the gains now.
Remember this the next time somebody brings up leveraged ETFs and volatility decay. Buy the index based leveraged ETFs and win. Simple as that. And start buying now. Coronavirus could be as bad as the GFC and if you start buying in now with a little money and buy in more later as the prices drop you will still come out much better in the long run than doing nothing at all. I'm buying and I'll be here when this thing is over to brag about my gains. Do not be afraid. We will get through this and this is your opportunity. Join me and get rich.
>Why not just go short with SQQQ, SOXS, et al?
I have some short contracts in Russell 2000 futures as a bit of a hedge but after doing a lot of thinking and taking into account the success rate of market timers (dismal), the bulk of my strategy through this is to go long the /ES and with SOXL at major support levels as we go down while keeping my RTY shorts for entertainment. I've never met a rich market timer, especially one who can consistently switch between shorts and longs, however I know a few millionaires who go long only and take special advantage of instances like now where prices are plunging across the board. If you can pull it off though, my hat's off to you and I look forward to hearing about it in a future /smg/. But, personally while I'm really good at going long in the right spots and selling at resistance (I turned $2500 into a few hundred thousand in the 2018 crypto market), I don't think I'm lucky enough to flip flop between shorts and longs. Maybe some day.

>>17463588
>buying supplies now that all the normies know and are doing the same thing

not gunna make it

>>17463588
>its DRUMPFS FAULT THE MARKET IS GOING DOWN REEE

ugh all this attention to stocks has brought so much cancer into the thread. fucking awful.

im seriously considering cutting my losses and withdrawing my investments into cash so i can buy a bunch of food and supplies and be able to pay rent a few months without having to go to work

>>17463588
What the fuck was the man supposed to say? If he'd made up a bunch of bullshit about how everything's gonna be fine he'd have been attacked for lying. Instead he said what pretty much everybody already knows, it's serious and if it breaks out in the US, they have a response from the CDC that will be deployed as the situation develops. One dumbfuck reporter asked "Well, aren't you worried, M-mister Trump?" His response was direct and to the point, worrying is unhelpful and we will deal with Coronavirus if and when there's an outbreak but in the meantime we're working on a virus, and oh by the way, wash your fucking hands. The market "dumped" because people were expecting him to come up with some emotional bullshit to pacify people. When he just told it like it was the clowns in the futures market didn't like it so they sold. His response was spot on. No bullshit and no histrionics. All business. As it should be when facing a dire emergency

>>17463608
Should I buy leveraged S&P NOW?
I have a bunch of money in regular s&p currently. Bought 10k leveraged s&p on monday, but switched it back to regular on tuesday.
That was one of my first trades apart from just accumulating S&P, and it was a bad one. Pic related is my portfolio, sorry for shit language. I'm 10k poorer than I was on monday.

Lads
Germany is fucked. You know how they found one guy who went to the carnival and probably infected thousands? He is not even patient zero. And they have no idea where he got it from

Its ogre for Europe now.

>>17463731
shorting eurostoxx since tuesday

>>17463677
Congratulations, you've discovered an emergency fund.

>>17463677
Everyone should have supplies at home anyways. A gun, food and water for two weeks at least, trash bags, soap and toilet paper.
Even more, but these are the basics

>>17463731
Just read an article that states they phoned 300 people who went to some carnaval party that they had to stay home. That screams a total lack of control to me. I'm sitting here in The Netherlands (the last country in Western Europe without any confirmed cases), but I'm 99.9% sure that we're already infected.

>>17463718
>working on a vaccine I meant to write, not a virus
>>17463723
>Should I buy leveraged S&P NOW?
I have about 15% of my available funds in the market and will buy more as the prices get better. As you know, without a crystal ball there is no way to predict when we will bounce back. It could be next month of next year. Buy a little now and as the situation develops, buy more. If you just get a little and we bounce right back (less and less likely) then you made some money. If the market continues to plunge and you continue to get a lot more you will be extremely happy on the other side. The thing about these leveraged ETFs is the cheaper the underlying gets, the leveraged version is moving 2 or 3 times faster so it's getting just that much more cheaper. Now that the market is down over 9% from the high, the time to start buying is immediately. Maybe 10 or 15% of your cash to start and think about getting more as we go through the support lines (in green on pic related). In the financial crisis, the market went down 55% from its peak and I'm thinking the covid-19 situation won't get any worse than that so stage successively larger buys between here and that possible 55% drop. If it does really get bad in the next year and the price really hits rock bottom that's when you want to throw everything you have at it. Sell valuables if you have to. The bounce on the other side be it a year from now or 3 years will be absolutely legendary and you will be extremely happy. This is precisely my plan but with SOXL and TECL rather than SSO (DBPG for euroanons).

>tfw bought gamestop puts

thought this was the only safe option right now. is there any other companies that are going to shit themselves regardless of macro economic trends?

>>17463677
>only just now considering getting ready

Go ahead and sell that extra chromosome you're carrying around while you're at it.

I bought the dip lads, the market is going to absolutely crash now, you can thank me later.

>>17463776
When are their earnings?

>>17463771
The thing is. I don't have any cash, it's pretty much all in the stock market. Is this a stupid thing right now? Should I sell a bunch now and slowly buy back in (leveraged), or should I slowly switch my regular S&P for leveraged?

>>17463677
>not having $20,000 in cash savings
What are you even doing in the market?

>>17463796
Thanks for your service
F

What would you recon shits the bed more, DAX or EURO STOXX?

They share alot of stocks, and with increasing infections around europe like italy and probably soon spain, my guess is the latter would be exposed to more risk

If you aren't shorting pretty much everything rn then you're retarded and leaving free money on the table.

>>17463810
just checked the chart, they both lost exactly the same 10.7% over the last 10 days, so both are driven by the same big stocks i guess

>>17463814
my broker is having (((technical difficulties))). good thing I'm already 90% cash 10% short, but I want to get some more in

>>17463804
Maybe 20k is more than he needs to cover 6 months COL? If you don’t have a car I’m guessing you need even less of an emergency supply because you’re not going to have your car breakdown and suddenly be out a couple thousand to fix some catastrophic part failure.

>>17463814
When retail is this bearish, I just can’t fomo into the trade. It’s a bad sign. I’m guessing r*dd*t is also talking about all the bank they made going short.

>>17463803
Didn’t I already tell you this?
You NEVER go all in.

>>17463803
>The thing is. I don't have any cash, it's pretty much all in the stock market. Is this a stupid thing right now? Should I sell a bunch now and slowly buy back in (leveraged), or should I slowly switch my regular S&P for leveraged?
As the price drops I would switch the S&P shares for leveraged shares. This will actually work better for you if we recover sooner than expected since you'll still be invested versus going through a quick recovery in all cash which is what you really don't want. And if it does keep dropping, the amount you lose by staying in the S&P with the unleveraged portion will be much more than made up by the increasingly larger leveraged position. I have a 401k that is mostly in VOO and I will be slowly switching it over to something leveraged in the next few months.
This is a personal decision though so think very carefully. I made the case here >>17463771 that, e.g., SSO is in almost any outcome vastly superior to being in an unleveraged SPY even buying at the top right before the worst recession since the Great Depression. Since we're already down over 9% and you don't have anything leveraged you are already way ahead of the game versus the worst case scenario above. So think it through, do the math and if you choose to start leveraging, even now, I think you will be much better off in the end.

>>17463814
I mean, the market isn't just going to drop for 6 days straight from ATH, we're approaching the tipping point if we look at historical data. I think it's too late to bear now.

>>17463846
>I made the case here >>17463771(You)
Should have tagged >>17463608 since that's where the SSO vs SPY case was made

>>17463840
>When retail is this bearish, I just can’t fomo into the trade. It’s a bad sign. I’m guessing r*dd*t is also talking about all the bank they made going short.
Reddit are a bunch of retards who just yesterday were saying that this isn't the start of a correction. Today half are still betting on a turnaround and the other half are saying the market is too choppy so they are cashing out.

Why would you cash out when there is a lot of money to be made from the bleed?

>>17463846
Thanks, I think i'll switch over some 3-4k a week starting today.

>>17463880
>from the bleed
There will be a massive bounce either today or tomorrow, at least bear when that peaks, not now.

>Futures up, stocks down
>Futures up, stocks down
Futures down, stocks up?

>>17463765
That seems likely. I might look into some puts or inverse etfs if the market hasn't been selling off already.

I really hope we bounce nice and good before the first US death... that should (maybe?) shake things up pretty good.

>>17463910
in regards to the strength of that bounce...

>>17462747
>>17462747
>>17462747

did i miss the netflix short opportunity 6-7 months ago? given all of the competition in the streaming industry, surely this rally cant keep going on forever, r-right?

>>17463924
futures down, stocks down, everything down

>>17463979
Guess I gotta drop my pants and jack off.
Only good feeling I'm gonna get today.

>>17463910
>There will be a massive bounce either today or tomorrow, at least bear when that peaks, not now.
I don't know man, I believe we're going down down down, and im keeping my positions

>Super Tuesday is this coming Tuesday
OHHH FUCK I DID NOT REALIZE
Ohhhh shit this really is a bit like a black swan... no wonder everyone’s selling.

All we need is a big earthquake, tsunami, volcano, whatever and worldwide we’re gonna have a bad time.

>>17462057
you said the same shit about wednesday last monday
look at you now

>tfw bought $30,000 in gold and silver before the corona outbreak.
get comfy guys. There will be global havoc during and after the coming recession.

>>17464077
Shhh, you need not say a thing. Let the bear of time surprise him.

>>17463765
because Europe and the rest of the world is not actively preventing new infections, or have done so like they should have for a month, they are only reacting to the ones that start popping up
and soon enough they will start popping up at a rate the system can't keep up with

>>17464094
do you have a photo of your physical boomer rocks? im interested to see it

>>17464110
They are in a vault in Switzerland so no I do not have a picture.

>>17464141
https://www.swissinfo.ch/eng/covid-19_switzerland-confirms-second-coronavirus-case/45582788

>tfw your pretty rocks are infected

>>17464176
Fugg

>>17464180
>>17464176
Silver has anti-vampire properties

Guys seriously, don't suddenly FOMO into shorting the market right now, you missed your opportunity, it can't go much lower, market will recover at least halfway to the peak we were at before.

>>17464217
I think it will still take at least a month to recover, because then we might get good news from China

ONTX- shall provide me lots of Profit in due time. Thanks to being slightly "mad" 70% of my wad is in small/mid cap (ONTX,VIACA), the rest is split between large cap Funds and stocks. And so as this Virus shit rages on I'm only down a bit over $800 bucks.

>>17463803
>leveraged
No you fucking idiot.

now

>>17464217
>corona-chan disrupts the global supply trade
>CDC director last night confirmed we need to prepare for a pandemic and that a vaccine was at least 1< year away after Trump did a hilariously poor job of trying to downplay it
>g-guys it wont last much longer!

The bear has left it's cave forever.

>>17463311
Big brain right here

>>17464245
which is nothing to me, 800 bucks that is, cause hell when it comes down to it, you piss that amount away in the Starbucks coffee over the span of a year.

One man could have prevented this corona virus crisis but you choose the orange retard

>>17464291
>orange id

>>17464280
Stop buying starbucks retard

>>17464217
i dont think so, but even so hesitate to further go into shorts

>>17464280
>drinking the caffeinated jew

Futures down -319. It's all over, everyone is fucked.

>>17464315
Puts on what? Spy?

>>17463542
>Can we get some of that?
I fucking wish

>>17464291
Yeah commies have done so well against Corona virus already, huh?

Post your "not selling" face

>>17464291
>Free
>Healthcare
>Now!

>>17464141
If you don’t hold it, you don’t own shit.

Post your making money off correction faces

>>17464338
never selling, fuckbears

>>17464368

Who else is ready for some more market carnage?

>we’ve really done an extraordinary job no one handles a virus like me
>but the stocks, that’s because the democrats, you know they get elected and you’ll see an America you won’t even recognize anymore.
>and you know I like to wash my hands a lot
>but Nancy, I think she’s incompetent
>and the federal reserve they don’t want to cut rates. Other countries don’t pay any interest and the savers they really are hurt by that. But I want to cut interest rates you know.
>and well I don’t think it’s inevitable.
>Maybe, probably it’ll happen here
>but we’re perfectly prepared. We’ve got preparations the likes of which have never been seen before.

>>17464368
>correction
The correction is going to occur over the next 2 or so years, this is a temporary dip. The fact that it's so severe suggests we're entering a recession though.

Just like '07/'08 we'll see dips like this chopping the market peak before it tumbles into a 2 year slump.

>>17464361
the fact it costs 4 billion freedumb dollars to look in the general direction of a doctor is going to mean people delay care and spread this shit further and faster.

>>17464397
Its gonna be another nail biter for sure today. Probably tons of chop again.

>>17464397
If we get another 2-3% drop today I'd be a happy camper

>>17464420
This. Pre-market already looking swell.

>>17464400
It wouldn't have mattered what the man would have said. He could have rattled off the molecular formula for the cure then mike dropped and his enemies would have pissed and moaned. It's irrational but some people just have it in their hearts to hate. I watched it and the man said we'll deal with Coronavirus as it comes and make sure you wash your fucking hands in the meantime. As simple as it is.

>>17464405
>The fact that it's so severe suggests we're entering a recession though.
About damn time. The US economy has been kept alive and booming through straight adrenaline injections, P/E ratios are way past healthy for a long time now.
All these idiots that laughed at me a couple months ago when I told them recession in 2020 are going to feel the pain, and I will be making money from their pain directly. Feels good.

>>17464397
>>17464420
euro indize already down 2.5% sooo

>>17464440
Trump is undeniably based. Why must I live in the EU.

>>17460776
Damn, dude. This is some high quality-ass OC. Even paid products don't look this good.

>>17464379
TIS THE DRUID OF GAINS!

>>17464455
Yeah, I'm cautiously optimistic but my put warrant is on the Dow and until that drops I'm not feeling safe

>>17464420
Add 0's to that and that is what we are getting over the next 2-3 months.

>>17464338
Selling? Fuck that, I'm not even w-w-worried bro. I can't wait to cash my fat gains after today's record rally.

MSFT getting absolutely bamboozled in premarket.

>futures down 6th day in a row
remind me why the market should care about a few hundreds of old boomer chinks dying again?

Guys, we are down 400 pre market already hahaha


We are heading into 2008

>>17464598
You mean 1929

>>17464593
1. The coronavirus is not the foundation of this. The debt bubble is.
2. Population shrinkage is a good fucking thing.
3. Pee pee
4. Poo poo

>>17464593
Boomers control 70-80% of the world's wealth and are too broken to work. For them, this is personal. It shakes them to the core.

>>17461325
i sold mine at 288

is snss going to survive this? oh fuck should i sell?

>>17464593
Most of the money in the market are senile boomers that would die of corona while you and I get a flu for a few days.

That being said, futures were actually green on Sunday, Monday and Tuesday, this is the first day after red futures since like Friday last week.

>>17464593
capitalism have run its course and is now dying

>>17464633
It won't just survive it, it will go way, way higher. This dip pattern after a pump has repeated 4 times in the last month. It then continues going up.

>>17464634
>That being said, futures were actually green on Sunday, Monday and Tuesday, this is the first day after red futures since like Friday last week.
Fucking huh?

>>17461876
strike price ?

https://www.cnbc.com/2020/02/27/treasury-yields-test-new-record-lows-as-coronavirus-fears-persist.html

Trying to keep it liquid probably. Beats QE.

>>17464648
He is talking about the pre-market activity on those days.

>>17464648
Obviously they go red when shit starts falling, but premarket was solid green.

*COCKADOODLEDOO*
Good morning fellow degenerate gamblers! What's for breakfast ?

>>17464678
Piss cereal, like we've been eating for the past week now.

remember that the SNSS price movement is irrelevant. the 400 mg data which is about to be published will decide if it moons or if it goes down the shitter.

>>17464678
bread and water, mayne.

>>17464678
Anxiety

>>17464633
Again, the SNSS bet is whether their experimental trials will be successful, buy in whenever you want, it will either moon or crater when the present those results.

>>17464678
Steak.

>>17463771
Imagine telling people to buy in before monday.

With all the bullshit and news flying around and compounding over the weekend, plus people having time off work to worry and stress, and go to the store to maybe prep a bit and realize everyone else is panicking.

>>17464593
because it kills the economy

Just short during the first hour and then get the fuck out. It's simple.

>>17463771
I already started dropping a few hundo on SOXL and TQQQ yesterday. Gonna wait a few days and see how it goes and will continue buying in if it keeps dropping.

SOXL is never a bad bet long term. Absolutely golden stock.

>>17464678
Whiskey and coffee mixed with breakfast essentials

Today is gonna be a bad day, and I should just not be here. I have multiple job interviews and I'm taking my mom to the gym because shes recently type 2 diabetic. I have more important things to worry about/enjoy but here I am, destroying myself with stress and gambling

gonna take a bath and masturbate until market open, puts and additional cash for dead cat bounces ready, wish me luck.

>>17464678
Multi-vitamin, fish oil pill, vitamin C tablet, 5G of creatine, 1L of water, then coffee

>>17464408
This. Growing up poor in America means I saw a doctor once when I got strep at 10 years old and never again until I joined the military. Once it hits its gonna hit. You got a cough? You'll get over it.

>>17464717
This. There's considerably less bull posters than there were yesterday. I called this stuff Monday morning and got mocked for it. You'd be dumb think most general stocks are going up. We're talking a likely 2-6% bleed per month minimally. Probably a little more considering the market, unless things shape up. Q1 ERs should cause sell offs as well. Seems like there's boomer money in the game now and they're holding bc they don't want realized losses for their retirements.

>>17464741
How often is the behavior of the entire market obvious as fuck?

90%? 10%?

I want some estimates from all of you desu

>>17464701
At least put some butter on that bitch.

>>17464739
Screw the economy. The thing is based off of fiat scam money anyways. Ever run a model of how much return you actually get per hour worked? It's not much. America could use a little toughening up.

FRIENDLY REMINDER THAT TODAYS DUMP IS GOING TO BE BIBLICAL.

My VXX calls are about to print money

>>17464777
>biblical

now you've got my attention

>>17464777
KEK CONFIRMS C-C-C-C-CHECKED MYSELF

>msft

>>17464777
You nigger look what you did

>>17464788
>>17464777

>>17464777
Biblical you say?

>>17464765
When you start pushing into 6 day drops it becomes less and less likely that the market will continue dropping. It's just simple historical analysis that proves that.

>>17464750
have my eyes on soxl...sold mind around 290 need to rebuy just not sure when. I think it can go sub 200 soon.

>>17464783
my vix puts are about to go to zero, thanks

NASo down another 23% today, this shit is gonna print money when markets pick up again.

>>17464752
same here, looking at my spce put strike 30,15 exp 28th feb making shitload of money now

>>17464777
checked, dropping at least 777 points

>>17464647
i think SNSS will get coronapozzed short-term just like everything else right now. I'll buy back in at 0.65

>>17464777
haha, what? Dear god...

> DAX and CAC approaching -3%

>>17464757
>getting jewed by the multivitamin industry
stop being a cuck ffs. vitamins in real food > supplements.
https://www.hopkinsmedicine.org/health/wellness-and-prevention/is-there-really-any-benefit-to-multivitamins

>>17464822
I got triple 7s predicting a rally on Tuesday, if anything his post means there will be a mega rally today.

>tfw sold the absolute top of every stock i held 10 days ago

>>17464840
I SAID ITS GOING TO BE BIBLICAL MOTHERFUCKER, TAKE IT FOR WHAT IT IS.

How exactly do you profit off a put?

>>17464840
>trip 7s accurately predicted what you wrote
>but his trip 7s also confirm what you wrote
are you retarded?

>>17464859
When the underlying stock goes down, your put goes up.

To anyone who is /pol/-versed

How can Trump put Pence in charge of the coronavirus thing? Isn't he supposed to preside the senate? Or maybe he put someone else in charge of that?

Ok i for real cant look at my account today

Im ruined

>>17464851
where do i sell my spce put, is 23 bucks ok or do i get more greedy

Where my /ironhands/ chads at?

1-9 were fucked
0 market magically rallies and were bulltown

>>17464827
I don't eat before 10:00AM and it's zero calorie.
Even if it's placebo I prefer taking it to not taking it.
I'll probably have bacon, eggs, and a spinach and cheese omelet later on.

snss shill, can you summarise snss for me?

VIX over 30

>>17464884
SELL AT 15

Part of me is going to be sad when Bobo goes back to his cave.

Is there a fun nickname for bull markets?

APT stock almost +60% in pre market wtfff

oh nooo my stocks how terrible
*gets paid dividends*

DAX collapsing

>>17464904
Yeah a jewtrap because it traps jews!

>>17463771
I'm just saying -50% in the underlying is -150% in tqqq. Probably more due to rebalancing. You don't want to keep averaging down in something that hits 0. I haven't read the prospectus, but that would probably collapse the fund. If you don't think that can happen, look at XIV. It's possible for TECL, SOXL, SPXL, and TQQQ to all collapse. Then again, they might just reverse split. Unlikely but not unprecedented. And this would happen with only a 30-40% drop in XLK, SOXX, SPY, and QQQ respectively.

>>17464904
Bull[expletive] markets.

>>17464871
i understand that part. im just having trouble figuring out what the other person gains by purchasing my put option in order for me to get money.

>>17464750
>>17464801
>SOXL
If this market keeps dropping and really dips into a recession it's pretty much the chance of a lifetime, or at least of a generation and SOXL is by far close to the best way to capitalize on it. Imagine getting a little bit as it goes then sinking most of your networth in somewhere around 100 or so. The wealth built on the other side will be legendary. 3x leveraged ETFs weren't really a thing in 2008 so this is the first time we're really able to take advantage of them. I'm really excited. And SOXL hit 203 in premarket a bit ago so sub 200 is in ths cards today.
>>17464717
>>17464761
I think we're going lower too but a little nibble on the way down isn't gonna hurt and you never can be truly sure when the big green dildo is coming.

>>17464901
cheers bro

Anyone here still believe we already hit the bottom yesterday?
lmao

dows set to open down another 350. what the fuck trump?

>>17464936
I can actually. What drives markets?

Be first, be smarter, or cheat. And cheating is illegal so there you have it.

>>17464915
-3% EOD if bulls are lucky

>>17464946
Can I interest you in a few thousand shares of SNSS?

>>17464936
>>17464927
I'm just saying, they weren't a thing in 08, but if they were, they would have gone under/reverse split.

>>17464777

>>17464935
If I own a stock that's currently valued at $100, but I have a put at $110 then it favours me to execute the put and gain an extra $10 a share. You can think of buying a put as insurance that a stock won't go below a given amount.

>>17464865
Tuesday was a massacre bro, I mean the triple 7s are cursed.

>>17464954
i already have a cost average of 80 cents. fuck off.

>>17464883
Me too. I haven't opened my account since yesterday morning. I want at least a 1%rally before I consciously come to terms with the math. But it's fucking ugly. I can't even sell now, I can only double down or hodl. I am talking about years of accumulated equity so I don't have the balls to double down.
Why have we hitched our economic wagon to a 3rd world bat-eating shit hole? We get the market we deserve.

>>17464896
SNSS is currently in their phase1b testing of Vecabrutinib, a BTK inhibitor that can treat people with CLL mutation (unlike it's competitors) and has significant value as a combination therapy with broader BTK inhibitors. Vecabrutinib was created by Biogen before BTK inhibition was proven to actually work against hematological cancers, and sold to SNSS for unbelievably cheap. Their 400mg cohort data is coming in Q1 2020, and their 300mg dose data showed near theraputic levels of BTK inhibition, including 1 40% tumor reduction, a mere 10% away from Partial Remission, meaning their data this time is likely to show tumor reduction and at least partial remissions. Other BTK inhibitors have shown massive value recently, like ARQL being bought out for 2.7 billion

>>17464946
IT'S ALL OGRE BAGGIE
IT'S BEGINNING TO HAPPEN RIGHT NOW
I'M OPENING UP THE PEPE FOLDER

>>17464971
COME ON LAD DON'T YOU WANNA BE A MILLIONAIRE???

>>17464965
You can use it as insurance or play the insurance and payoff for someone else lowering your equity but increasing the risk of loss/reward

>>17464927
You should probably read the investopedia article on leveraged ETFs. The prospectus for UPRO wouldn't hurt either. No offense but you have a fundamental misunderstanding of how they work. Also, I suggested SSO (2x leverage), not TQQQ in that post. Furthermore, synthetic versions of these funds have been backtested to the 1800s and never would have liquidated, not during the depression, great recession, black Monday, etc.
>>17464949
That's pretty cool, man. I suspect you are fabulously wealthy then. I hope to get there some day.
>>17464960
SSO was a thing in '08. See >>17463608 where I outline the argument using SSO as an example

HOPE YOU BOYS BOUGHT THE DIP. TODAY WE GET A /TRUMP PUMP/

TIME TO MAKE SOME MONEY

>>17464951
eurostoxx already at 3.22%

>>17465001
YES PUMP ME

TSLA puts anyone? Advice? New to options

dax broke -3%

>>17464942
~2more percent down and then we need a catalyst to restore faith.

Rally Monday at the latest because people might sell before the weekend to mitigate risk

>>17465001
what is he doing now

>>17464678
Steak and eggs. I fried the eggs just how I like them, too: the yolks are runny but the bottom of the white is crispy.

Based retards, enjoy losing your money lmao

>>17460776

I should take this more seriously, been making more than my day job the last few days.

>>17465001
Please pump a shotgun slug in my forehead

All I see is red

>>17465005
bulls might also be unlucky...

>>17465025
Kek, but then you'll start trying and lose your ass

>>17465025
What are your plays for today?

this carona virus is just a flu. pence has the whole thing under control and the only reason the stock market is down is because you have a communist leading the democrats ticket. i mean i'm scared of communists too, but communists will never take hold in america.

>>17464851
Hope it is. Sure is fun watching the market crash when your money is in cash and all your coworkers didn't listen.

>>17465035
Please purchase SNSS

Feelin fine

>>17465025
fucking envious of you burgers, you have it so easy to buy options

>>17464678
ham and eggs on a flatbread from subway

>>17465035
ahahahahahah keep dreaming Bernie is the worst social democrat in history
>t. actual communist

>>17465035
pence let HIV break loose in india, truly the best for the job

Gonna get my first long term VOO fill on the open today, I hope you're planning for the future /smg/

I bought puts for the DOW now. Today will be ugly.

>>17465033

Usually I just swing trade penny bio-tech every few months, but I bought into MRNA and VIR shortly after the runs started. Co-Diagnostics is also looking like a safe bet.

Bullbros we got too FUCKING COCKY
I'M SELLING

>>17465043
The options would be listed first but stocks are at the top

He probably owns leveraged ETFs

>>17464973
thanks mr tripfellow, very much appreciated

>>17465043
What are the actual requirements for RH? I'm not a burguer but I have an SSN, a US bank account, and I travel there relatively often.

>>17464678
Oats with milk and honey and black coffee. Squatting later today, u mirin?

>>17465054

>>17465054
That was part of a larger plan to kill off the homosexual community.

>>17465033
keep my puts, enjoy the profits, close as low as possible and wait for calls during friday

>>17465056
Congrats. Pick up some XLK and SOXX before too long.
>>17465067
That's pretty much it.

>>17465067
Benched this morning
Couldn't get set tight so I settled for a set of 295 and did cardio

Holding these BAC puts is comfy af to be honest

>>17465054
>let HIV break loose
Fuck you needle exchange promoting niggers.

Too late for $300 strike spy puts? I'm thinking one week expiry and sell EOD.

>>17465035
>Disrupted supply lines as Chinese production is down ~30%.
>Prospect of major quarantines in western countries.
>Potential death toll still in whole figure percentages.
>And yes, possibility of Bernie getting into the Whitehouse.

It's more than 'just a flu' (for a start it's not even an influenza virus), but idiots keep spouting this one just because it happens to be from one of the families of viruses that cause the common cold.

It's like saying you can handle your neighbor's bratty 10 year old, therefore you can deal with his 22 year old gang-member, drug-addict cousin because they're from the same family so how much worse could it be?

>>17465056
The S&P 500 is carried by like 25 stocks. Why bother with 475 losers?

REMEMBER ANONS, BIBLICAL.

>>17465083
I once saw a movie where a priest said "no no, homosexuality is the disease, and HIV is the cure". Then they kill the guy, the assholes.

>>17465087
>That's pretty much it.
Interesting, but is that de jure or de facto? As in I believe I can open an account and trade but will I get into some shit if I do?

>>17465100
i was just stating the fact that he was unable todo anything against an HIV outbreak, not that i support HIV niggers dipshit

Based NVCC saved my Roth. Liquidated a bunch of stuff to pickup 100 shares the other day and up bigly. SQQQ held since last Friday also extremely based. Don't feel bad at all about this desu famalam, money to be made regardless.

>>17465112

>>17464875
Imagine thinking anyone in the WH knows wtf they're doing.

>>17464859
A put is the right to sell an underlying asset (in our case, stocks) at an agreed upon price. You hold this right until the contract expires or you sell the put option.
Suppose you purchase out-of-the-money Microsoft puts when Microsoft is $190, and it cost you $1. Your put contract is $180 expiring 3/20. If the price of MSFT drops to $170, your puts are now worth $10 (there is a bit more to it than that, but that's the simplified version). Your puts are therefore worth 10X what you bought them for. Feels real good.

>>17465115
I think a lot of it depends on where you actually live/are a citizen.

today is the day to load up on gold miners

>>17464897
recession hits after this

Sold a stock at 9 yesterday, it's currently at 11.39 pre-market. How do I cope

>>17465151
Prominent moments VIX was 30
jan 2011
jan 2010
>jan 2008

>>17465129
But someone has to preside the senate anon. It's not some dark and confidential reunion, it's the fucking senate. Or are they not in session right now?

>>17465143
Aight guess I can shoot an email and ask.

>>17465093
mirin

>>17463068
stay in cash until this figures itself out.

Lets have a moment of silence for all the billions of dollars retail investors wont get back from their call options and long positions.

>>17465160
by not looking back. You're not psychic.

>>17463068
Buy MSFT and don't look at it for a year. It's at a special discount today.

>>17465160
by looking at it again next week and buying it for 8

>>17465116
>unable to do anything
A needle exchange is a fucking joke. There has never been a serious effort to contain HIV because it would negatively impact fags.

>>17465170

do you think pence is going to be hitting the ground in Wuhan?

>>17465178
r*dditors btfo AGAIN
I hope they kill themselves this time

>cant buy options pre market
>can buy vix options

how does cboe work exactly? man the puts are worth a fortune

>>17465193
Of course not, but he can't even be briefed or make any decision if he's stuck in the senate the entire day. Anyway the US senate is indeed in session starting in 30 mins so I'll just see for myself.

Did I miss the boat for TNXP ? If so I'm just gonna get NVAX.

FTSE and DAX both down 3%. I wonder how we are going to date today.

s&p futures down -1.5%

>>17465056
i am 250,000 cash and waiting

150,000 going into leverage

>>17463861
hahahah retard

>>17465007
Never Gamble on meme stocks unless there's uncertainty directly affecting them which far outweighs any current hype

LET THE FUTURES HIT THE FLOOR
LET THE FUTURES HIT THE FLOOR
LET THE FUTURES HIT THE FLOOR
LET THE FUTURES HIT THE

FLOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOORRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

BANKRUPT WHY FOR (WHY FOR)
CAN'T SELL MUCH MORE
(HERE WE GO, HERE WE GO, HERE WE GO NOW)

ONE - NOTHIN' BUT LOSSES FOR ME
TWO - NOTHIN' BUT LOSSES FOR ME
THREE - NOTHIN' BUT LOSSES FOR ME

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Hahaha I just saw the space chart

>>17465170
If you're mirin that, you should see my lmao5pl8+ deadlift

>>17465281
Impressive, very nice. But I would have done:
>NOTHIN' GREEN FOR ME

How do you guys plan entry and exit points? I was shooting for exits after a 10% increase but my last few trades have gotten the 10%, I got out, and then they kept going lol

did you know many major funds were over leveraged at the start of February? Must be a tough time for a lot of them right now. Its going to be a bad year for many institutions.

https://twitter.com/maddow/status/1232752092412071936

HOLY FUCK SHORT IT DOWN TO 0

>>17465297
Shit, you're right. Nice one.

>>17465304
Exit? As in selling??

Bahahahahaha stay poor

>>17465304
I weigh out mentally, or sometimes on paper, where a good time to buy is, and I have to support it with a why. Not just ignorance. Look at market drivers and possibilities, factor your risk in too for the profitability if need be. The riskier it is, the more return you want for that risk, generally speaking. Same goes for exit points. It's like a more complex form of trap shooting but instead you have a rifle.

>>17464678
JUST wheaties

(Wheaties with no milk because you can’t afford it)

>>17465304
be happy for what you got not remorseful for what you could of had

>>17465311
Banks are always leveraged. With this market pull back it might be interesting to see how they're faring. They generally have whole teams to hedge against such things though. I think some banks are 10:1-20:1

>>17465313
promote from within
I like it

>>17465313
>grass is green
meh, we need better fud, like first death cases in the US.

>>17465348
>>17465348
>>17465348
>>17465348
>>17465348
NEW
>>17465348
>>17465348
NEW
>>17465348
>>17465348
>>17465348

>SPCE down 17 (SEVENTEEN) percent pre market
AHAHAHAHAHAHAHAHAHA

Give it to me straight doc -- already tanked 12 percent on this holding. Do I even bother selling at this point?

>>17465313
Trust is impossible to find without experience.

For my employees, I promote the dedicated ones that defend me all the time even if they're less qualified because I need someone who cares about me/the business more than I need a ruthless cutthroat manager who'll save me 2% then cost me 5% to train another

Also, all political posts are a fucking joke

>>17465368
See
>>17465331

>>17465170
The brokerages have some kind of regulatory issue or liability issue of some sort with where the customer is resident and if he's not US resident, they avoid serving him. There are horror stories of brokerages dropping US citizen clients after they move overseas. Like, "here's your money back, fag. Have a nice life". The good news is, they don't really want to drop you and will sometimes prefer plausible deniability. I moved to Europe for a bit and called my broker to change my address because their system wouldn't let me change it to a non-US address online. The customer service chick said something along the lines of "well, it'll be complicated if you put the UK as your address. Do you have a US address you can give me instead where you can receive mail?". It turns out I did, so I gave her that address and no more fucks were given. This was, like, ten years ago or so, so things might've changed since then.

>>17464540
>"""cashing gains"""

You were never going to make it.

>>17465431
>Like, "here's your money back, fag. Have a nice life".
lmao

Thanks, I'll see if I can make it work. Though it may be wiser to stay away from options so I don't lose it all.

>>17464885
Sold 75% of my stack at ath. Thought about selling the rest after the first dump but thought fuck it. They're all or mostly all good companies that will exist after this blows over. And if it doesn't blow over and I die in the boogaloo than it wouldn't have really mattered if I sold or not.

>OGI
NOOOOO YOU WERE SUPPOSED TO BE THE CHOSEN WEED STOCK

>>17462413
Agree. That's what you get for not believing in crypto.

These threads have become awfully quite since the dips....hmmm