/biz/ - Business & Finance

>>18578108
>june price is the real price of oil
boomer cope

>>18578108
HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

What happens now?

>>18570432
>liberal
You're leftists. Since you don't give a shit about freedom, you have no business calling yourself that.

Should I go to the store and buy a bike in case I have to flee the city soon?

>t. DCfag

>>18578108
GET IN THE OFFICIAL /biz/ SERVER discord.gg CpqQw7b
WE'RE WATCHING THIS SHIT CRASH TOO AND WE WILL INTERVIEW ETH FOUNDER VITALIK
snsjsjsj

I am so glad to be alive for this lads.

WHY THE FUCK DID I BUY GASLOG IT LITERALLY WENT DOWN RIGHT AFTER BUYING WTFFFF

My robinhood is frozen

anyone else?

>>18578185
fuck off you reddit spamming nigger

>>18578108
Brainlet here. So is this actually serious or is everyone memeing this for shits and giggles

>>18578108
RELEASE THE CLOWNS
https://www.youtube.com/watch?v=51IXwqDDLG4

Okay, I bought 10,000 barrels at 0.01 thinking it could only go up. How fucked am I?

>>18578108
OH NO OIL BROS LOOKS LIKE WE GOT TOO COCKY!!!

Is Reddit down for anyone else?

>all these newfags sperging out
it's starting to become physically painful to read these threads

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Buy the dip goys!

So it's a bloody Monday after all.

WHY

WHY

WHYYYYYYYYYYYYYYYYYYYAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>18578108
>>18578164
>made the new thread 20+ posts too early
Like damn dude, okay you can have it
just don't be a shitter and announce if/when you are leaving the helm.

what happend to this anon

Big nothingburger. Watch CNBC.

Some 16 yearold boomer was shilling this at $5 said $30 was a sure thing


PVACNASDAQ
Penn Virginia Corporation
$3.31dollar day change,-$0.69percent day change,(17.25%)
3:07:13pm ET 4/20/2020

>>18578239
We’re meming to cope

>>18578249
how did you buy oil, the commodity?

i still cant believe Burry let me get out of GME today. almost 11% up. dont care if it continues to moon im never doing that stupid shit again

Thousands of bonehead stoners are getting blasted out of their minds right now missing the biggest literal HAPPENING if their lives

I HAVE 10 $284 SPY CALLS EXPIRING TODAY HOW FUCKED AM I

Am I supposed to buy oil stocks? Do I go somewhere and tell them how many barrels and then they pay me? I'm new to trading and never fucking heard of something being sold at a negative price

so uh
what does this actually mean
please explain like im 5 years old

>>18578254
Explain to us then.

Second leg down inbound.
Caused by oil crash.
Exit all markets.

>can't post this updated meme image because it keeps going lower
FOR FUCKS SAKE

>>18578232
>Robinhood

Are bulltards gonna tell us this is "priced in" too? You had plenty of time to prepare.

>>18578313
It's the oil itself that is negative, not stocks of anything

So what exactly is propping up the dollar now? Nukes?

Will SQQQ finally go up as a result of all this insanity or will the nasdaq just crab more?

>>18578306
>Bought the top

>>18578263
>bloody Monday
>Halliburton down 4 pennies

>>18578337
explain what? how to not act like a spaz?

>>18578306
RIP

>tfw sold everything and went all in on NET and RTX

Save your portfolios before it's too late, anons.

>>18578278
went all in, then dove into a barrel of oil he bought to kill himself

>>18578306
Extremely

What's the current price?

>>18578157
If you're long oil go start lighting shit on fire starting with gas stations.

SHORT EVERY FUCKING BANK
THEY ALL WENT LONG ON THIS SHIT

What's next to crash?

>>18578278
I bet he's having the time of his life, I can tell you that much!

>>18578239
It means we are closer to war and total collapse.

I know nothing of stocks, is etoro a good option if a just want to throw some money at oil?

>>18578383
Dude, fuck off. I was nice before but it's getting annoying. Starting to think you have a mental illness

I hurt myself today.

>>18578251
Who is smarter Obama in 2008 or Biden in 2020?

>>18578108
> STNG calls up 120%

>>18578306
right on caleb

Texas is where I live and it's around $1.49-$1.41.how low will it drop?

>>18578232
>yuge volume
>jewhood goes down
why the fuck do you plebs use that shit

>>18578429
oh fuck

I think the bears will win this week so fucking hard.

>>18578447
nice work, next time try to make your life better instead of being a retard

Can I make money as a barrel merchant?

>>18578445
Dude cmon man. SQQQ aint doing shit and it makes no sense.

>>18578436
Etoro is said to be really bad. I'm no euro, but euros seem to favor degiro over all else. Other options include revolut and freetrade (if you're brit only) as well as interactive brokers.

>>18578301
dude the fucking borrow rate is 115% right now with about 100% of the float short

>>18578372
The number of nukes flying through the air in a few days will be greater than the number of US dollars currently in existence
>But anon, there aren't that many nukes in the world!
Aren't there though? Aren't there indeed

>if only you knew how bad things really were

>>18578383
BASED TITTIESSSSSSSS

>>18578337
>>18578449
>>18578251
fuck off to your containment board

Can someone post an updated crude oil price

>>18578232
>Judenhood

>>18578278
that was to my thread, I'm waiting till 4 to shit on his day

>>18578544
Thanks bro. Predictions on the NASDAQ over the next week?

>>18578523
SQQQ shorts the nasdaq 100. The nasdaq 100 will likely not move as a result of these events. Don't buy SQQQ right now. It's just going to decay because it's a leveraged ETF.

How big will that EOD dump be, im feeling nostalgic bobos

So does this actually affect the market as a whole? Or is oil just memeing?

>>18578451
Floating right to the top
>feelsgoodman.odt

>>18578523
QQQ down .7%
SQQQ up 2.14%
It's a 3x inverse. Now fuck off. Invest in shit you understand next time.

>>18578337
gets my joggin noggin

>>18578550

>>18578603
You really think the down can go -10% and the nasdaq will just chill?

That makes me sad.

>>18578527
explain to a literal brainlet what this means. line go up for gme?

>buy 1,000,000 barrels for -30
>instantly have 30 million dollars
>burn all the oil

You're welcome.

>>18578645
Good shit anon, got NAT, TK, FRO and DHT myself though I came in late. We're gonna make it r-right? No reversal at open tomorrow?

can someone smert explain why March 18th, all the oil stocks plunged into the abyss at $18 a barrel.

But none of them seems to give a fuck that Oil is -$38?

>>18578653
So why isnt it moving bro?

>RTX sub 65

FUCK!!!

>>18578602
I'd hold SQQQ for at least a week and then dump mid-next week

based American titties

>>18578706
Priced in

So you can't buy oil or futures contract because you can't take deliveries. Is that right?

YO HOW DO I BUY THIS SHIT FROM EU? PLEASE I WANT TO BE A MILLIONAIRE WHEN CORONA ENDS.

>>18578627
Some futures traders got caught with their pants down in oil. It's hilarious, and the best laugh I've had in weeks.
Rest of the market will be boring. Slight tick down -1.5% at EOD. Tomorrow might have a real gap down, however.

>>18578239
Yeah it's the beginning of the market returning to reality. Blood red week, blood red month.

>>18578748
someone smart, pls

>>18578637
The entire market is dumping right now.
-2% day. Tomorrow is -3%.

>>18578354
priced in

K T O S
T
O
S

>>18578706
Because stocks are manipulated garbage being held up by the Fed. They are only making it worse.

>>18578706
>everybody talking about it
>every news station talking about it
>biz saying the world is ending

>"none of them seems to give a fuck"
no

>>18578706
1 month trail, oil stocks were affected on the last round of contract rolls.

I blame the Russians.

>>18578551
Fuck off nigger, this not your little gay-ass safe space you snowflake.

>>18578706
BECAUSE THIS ISN"T THE SPOT PRICE, THIS IS THE DELIVERY PRICE PLUS A FUCKUP AT THE CME OR MARGINCALLS FUCKING EVERYONE. LARGE OIL COMPANIES ARE INSULATED TO A LARGE PART FROM THE DAY TO DAY SWINGS OF OIL, JUNE AND JULY CONTRACTS ARE THE 'FAIR' PRICE OF OIL.

>>18578700
Same, I held for a short time a couple weeks ago and missed huge gains and only got back in this morning but was lucky to catch this big move. I think we're going to be smooth sailing for a while. Tempted to buy calls but haven't yet.

>>18578637
Basically the western market is fine, middle east is absolutely fucked

>>18578804
>them
being the price of oil stocks.
Oil just dropped to double digit negatives, and XOM is like "-5% :("

How long until buying barrels makes you more money than it costs to store them?

Just market sold 50% of my portfolio (not positions I'm in the red in, just shit like SPCE I bought ages ago)
I'm spooked

>oilcucks unironically think going to war can save the absolute assfucking US shale is getting

>>18578108
How much does it cost to store oil?

>>18578845
No dude, other way around. WTI is fucked, brent is ok. Why do you comment on shit you don't understand.

>>18578745
>hold SQQQ
anon I...

so uh do i short SPY now bros

I bought 50 shares of Boeing for $143 each. Feels like a good buy

>>18578932
> shorting the bottom

I need to get my CAD into USD asap, what are some stable stocks that aren't going to fuck me over too much? Not buying any of the tech stocks, they're overpriced.

>>18578755
The oil future contract for may isn't in the future anymore it's in the present. So if you still have it you have to take delivery of crude oil.
Most commodity traders are just traders and have no want or need for the physical thing so they NEED to get rid of every single contract or they will be forced to take delivery and then deal with storing the oil.

>>18578811
>/pol/ magapede buzzwords
fuck off tourist

>he thought he could beat the market
Shoulda just bought Vanguard ETFs :)

>>18578737
fuck off schizo. Useless piece of shit broken record spamming the same shit every day. I explained it to you.

>>18578944
It's going to keep dumping, probably to $135.

>>18578988
Fuck off nigger and tell me what SQQQ does in the next 3 days.

>>18578774
The market looks pretty stable, considering

>>18578965
>-2%
>the bottom

>>18578978
I highly recommend LCI stock :^)

So all those middle east wars were literally for nothing now. lmao

Bought DHT calls immediately before they doubled.

>>18579021
jej

>>18579033
might double, might lose 15%

>>18578993
Stock picking can beat indexes especially during volatile times like this.

>>18578994
Bro no you didnt. Why arent people selling off tech stocks too? Dont they realize this is the end of the world?

>>18579064
To what, $59.99?

My life fades...the vision dims. All that remains are memories. I remember... a time of chaos...ruined dreams... this wasted land. But most of all, I remember the Orange Warrior...the man we called Drumpf. To understand who he was, you have to go back to another time when the world was powered by the black fuel...and the deserts sprouted great cities of pipe and steel. Gone now... swept away. For reasons long forgotten, two mighty warrior tribes went to war and touched off a blaze which engulfed them all. Without fuel they were nothing. They'd built a house of straw. The thundering machines spluttered and stopped. Their leaders talked... and talked...and talked...but nothing could stem the avalanche..

Their world crumbled...the cities exploded.
A whirlwind of looting...a firestorm of fear.

Men began to feed on men.

On the roads it was a white-line nightmare. Only those mobile enough to scavenge, brutal enough to pillage would survive. The gangs took over the highways...ready to wage war for a tank of juice. And in this maelstrom of decay, ordinary men were battered and smashed.

>>18579078
>Trump gloats about occupying oil fields in Syria
>"we've taken the oil"
>oil is now virtually worthless

THERE ARE TOO MANY TITS BEING POSTED IM GOING TO COOOOOOOMM

>>18578337
That guy on the left also ended up with a "JUST FUCK MY SHIT UP" haircut too.

>>18578944
Boeing might well go lower. Just don’t get cold feet. It’s a good buy long term now or later. Same with Airbus.
People are acting like the shutdowns can continue - even if we assume Covid isn’t fake and gay (as lots of data now suggests) - more shutdowns will absolutely destroy the economy and the people in it. It’s just not happening.

>>18578835
But June and July are negative...

>>18578944
If you strip the Boeing name and look at just their financials they are barely worth 50 dollars

>>18579093
Filtered

>>18579090
If either happens I make a shitload of money. I only lose if it hovers between 11 and 14 for the next month.

Jesus it’s just May contracts, the price of oil is going back to 20 when June contracts kick in.

So the excessive amount of oil is going over to the June contract right? So that contract is eventually going to crash as well unless oil starts getting burned?

>>18579033
probably yo-yo for the next month
good for shorting

>>18579081
when was this shilled? this is the first time i have heard of this and i have been here a long ass time.

>>18579033
Not as much as the russel or S&P will. Take your fucking loss and buy puts you fucking nigger. I HATE people like you.

>>18579058
It'll be a slower descent than we had in march but it's very likely that we have bad times for the market. Really don't see how we can be at the top of a relief rally/bull trap/recovery and have this happen and not start to fall again.

>>18579154
Again, priced in. Plus the big ones are vertically integrated so their refineries get more margin while drilling ops get less. Plus hedges. Largely priced in.

>>18579129
I'M GOING TO SQQQOOOOOOM

>>18579124
TOP KEK

>>18579187
Are you fucking retard? WHERE IS THE DEMAND YOU DUMB FUCK.

so is oil free now?

>>18579200
Yeah but by how much? Just crabbing by 1 or 2 % wont cut it.

KEEP POSTING TITTIES

BUY AND HOLD MOTHERFUCKERS

C
BAC
JPM

notice?

>>18579275
In your mum's pussy.

>>18578985
>Most commodity traders are just traders and have no want or need for the physical thing so they NEED to get rid of every single contract or they will be forced to take delivery
“Most people buying and selling oil absolutely do not want it and can’t store it they’re just skimming money off the top like institutional parasites”
It just werks
:^)

Stop replying to the SQQQ faggot. He's been asking the same question for a week. Mentally ill.

Did I survive the bull trap? Is this the top for stocks?

>>18579291
it be honest this is an unknown area and any predictions are fucking worthless
look at today for example
i went to 85% cash in febuary because of this

>>18578738
It was gonna happen eventually, the economy just isn't there yet. Atleast we'll have another opportunity to buy

>>18579238
Big ones you say?

Do you see any way this could effect the nasdaq?

>>18579311
Banking takes a hit with oil crashing.

>>18579237
Why would the S&P lose? Already only FAAAM the market makers.

"NO, YOU CAN'T DO THIS TO ME. I'M THE GREATEST OIL IN THE WORLD YOU CAN'T DO THI-"

>>18578108
WHERE ARE A THE OIL BULL SMUG POSTERS

>>18579367
I-I'M GONNA. I'M G-G-GOONNAAA SQQQQQQQQQQQQQQQQQQQQQQQM

>>18579335
It could never carry on for infinity. Eventually the system would come crashing down.
Now we watch.

>>18579371
t. 3x leverage

we did it clackbros

>invaded Iraq for cheap oil
>gas price never once dipped
>oil is finally crashing
>people acting like cheap gas is somehow a bad thing
Oh fuck right off this is just shit trustfund babies say to keep people poor.

I'm looking into renting a crude oil tanker trailer so I can fulfill the contract by simply getting as much oil as i can and dumping it into a lake.

The saudi's are in full panic mode kek'd. There goes the theory that saudi was behind it, told you. They wouldn't want the entire industry to die considering they are hurt more than the US, fucking brainlet anon

>>18579304
Buy and hold SQQQ? Or what?

>>18579159
yes but they have USG friends

>>18579176
Imagine having a sister with tits like that

>>18578129
all contracts are negative until jan 2021. Its actually over.

>>18578254
yeeaaahhh... pretty sure im just gonna wait until like 6 or 7PM EST to come back to these threads. just stay away 9-5. the sad thing is im sure most of these posters are 12 year olds who can't even trade. or worse, college kids with like $2k to their name.

What SPY does end of day determines if we're /breakout/ and heading straight for 220.
This is fucking history right now.

>>18579470
probably Russia.

This has been a very gay monday.

>>18579426
Cause we are either in a bull trap or the beginning of a recovery and with new like this, it's gonna be a bull trap.

>>18578429
Only one step closer. Many more steps are needed

>>18579367
Poor baby.

Would milkers make you happy?

Dont you think the impending 40% market crash will affect the nasdaq and therefore SQQQ?

>>18578985
When do you have to sell before you are forced to take delivery? Can I just trade them normally on the exchange?

>>18579470
Saudis wanted to crush shale but the dumb sandnigger retards backfired like everything they’ve done lately

>>18579520
Why?

>>18578280
where are you watching it? link?

So I'm thinking about investing in mostly etfs and bonds. I'd probably be more of a swing investor than a day trader, but that path is open to me. I just hate working for people who aren't me. Any suggestions as far as Fidelity or TDAmeritrade? My strategy isn't anything crazy, just throwing money at etfs while they're shit and slowly bleeding over to bonds and more stable things as expansion keeps going. Sorry for brainlet post, fuck getting called into work at 3am.

Where my Bobo paypigs at? You know I love you guys. Drive the price down so I can get more of that sweet premium you sluts

>>18579518
I'll probably just shitpost until then or shill retarded stocks at these newfrens
see you later tonight bro

>>18579477
yes until you get a chart that screams sell

post more titties but less asians

>>18578108
REMEMBER IT IS NOT OVER YET, WE STILL HAVE UNTIL TOMORROW 2:30PM.

How do I profit from this?
Shell isn't even dumping as hard

>>18579470
maybe the USA said fuck it and sold oil into the ground.

>>18579496
I can imagine a friend having a sister with tits like that....

And paying her with $50 of my SQQQ profits to S my D

>>18579078
This was my first though.

All the democracies that were overthrown.
All the innocent children killed.
All the bloodshed and war.

All for fucking nothing now.

>Americans
I hate your piece of shit toilet-paper country

>peak oil is right around the corner says the increasingly nervous man for the 100th time in 14 years

>all the retards that thought the coronavirus was the biggest world problem are about to see how wrong they are
yeah, im thinking we're fucked

>>18579618
Vanguard, Fidelity, or Schwab

no one else

>>18579650

seethe more poorfag

>>18579525
No... all those fucking countries rely more on oil than the US does. If anything this is US themselves crashing oil, but then again.. why?

odds on this being a US powerplay?

>>18579470
I don't know if Saudis or Russians, or OPEC as a whole has a lot of influence on WTI prices. Nobody in the US is driving so locally sourced oil has nowhere to go.

>OIL at -$35
>XOP is in the green
fucking clown market

>>18579666
The fire rises stan.

So how long before my local gas station starts paying me to fill up my tank? This is the best shit ever.

can I buy a USOIL futures contract and have a barrel delivered to my doorstep?

>>18579650
Hey we had no say in these wars buddy. Its our sociopathic government

SPY IS PUMPING

>>18579567
>>18578985
just deliver them to your garage and hodl

I just wanted to say, god bless all you bit titty posters.

>>18579618
TD Ameritrade and go 80% VOO 10% Bonds 10% cash. Put in your money over the next 3-6 months more. This will not replace your job and will most likely not for a while if ever.

>>18579078
Oh no they achieved their goals perfectly

OIL CHADS HAAHAHAHH

>>18579713
-38$

so did anyone here short or buy puts on the -40 futures?

>>18579740
They don't transport it to you. You have to literally go to the oil well to pick it up

>>18579743
Look:
>>18579705

>>18579625
Based, I've got puts on TNA.

any day traders on /smg/? redpill me.

>>18579743
>Hey we had no say in these wars buddy. Its our sociopathic government
Are you high? We live in a democracy, voters are DIRECTLY responsible for military action, whether you vote or not. The military doesn't write the policies that dictate where it goes, officials that WE ELECT do.

>>18579761
No problem bro. You just gotta share your thoughts on SQQQ to pay tithe

>>18579648
im gonna coom

>>18579666
Coronavirus is merely a needle taht will pop the baloon of world market that has been getting bigger and bigger since 2008

>>18579769
Yeah, I think it's just a cascading effect from the shutdown, plus the initial oil pump by SA and Russia last month.

>>18579190
Potentially.

>>18579765
desu, if you call replacing shitty Arab dictatorships with Shiite Islamic authoritarians an achievement then you might as well say Vietnam was a success

>>18579746
Because the FAAAM don't even need to care about this fake oil crisis at all. Bull market incoming.

Bros I think I'm going to lose $1k in GLOG, how bad did I fuck up

>>18579789

UCO reverse split tomorrow, buy in tomorrow for big boy gains

>tfw sold everything and bought TVIX

>>18579844
how long have you held SQQQ bro?

DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU
DEFLATIONARY SPIRAL BEGINS NOW
>FED CAN'T SAVE YOU

fake out rally then blood red circuit breaker at 3:59

>>18579830
stonks peak daily at 10am EST

>>18579190
oil futures are already bleeding. as we approach expy they'll capitulate just like today

>>18579845
Im gonna SQQQOOOOOOOOOOM

>>18579793
Easy money

-$20 in personal account
+$20 in TFSA
I AM FINANCIALLY STABLE

Also, Nigeria oil is trading out roughly 12 and they will get absolutely demolished

>>18579873
Just bought calls and puts on it last week

GIB

ME

M
I
L
K
I
E
S

>tfw TVIX Chad
>tfw SPXS Chad
>tfw LOVE big tits but am on No Fap

This is how they try to fuck you
>trying to say that more spending power for my dollar is somehow bad
>trying to say that cheap gas is somehow bad
Billionaires fuck off. You get what you deserve.

>>18579915
Have you tried day-trading puts on these shitty ETF's? It's been super successful for me, but I'm positioned for a few weeks out rn.

>>18579840
>We live in a democracy
no, it's a fucking republic
>voters are DIRECTLY responsible for military action
no, they're not. We can scream and cry all we want for no foreign intervention, but the tree of liberty is fucking parched and george washington is rolling around in his grave so fast he could power all of California. go be retarded somewhere else

>>18579964
getting a strong white trash/used goods vibe from this one.

cheap oil = cheap energy/freight/goods

BULLISH

fuck Saudis and fuck Russia

>>18579973
Only if you tell me your thoughts on SQQQ

>>18579650
> Doesn't realize or care your entire country even exists
I love that europoors or any other foreigner thinks their words matter to any American. I mean I can completely understand you resenting us, I just also don't give a shit about your opinion in any way shape or form.

How low willHow likely will gas been lower than $1?

>>18579920
Nice.

Tickers for a COOMER porfolio? I will buy 1 share of each stock

>>18580037
what's the Lavon affair

>>18580037
i-is nasdaq posting higher highs and higher lows

Today I bought Sleep Country because the ticker was ZZZ and that's cute, and I bought Boston Pizza Royalties Income Fund because I clicked on it accidently and saw it had a really huge dividend yield so I bought it

>>18579609
Learn to read market sentiment. People think everything is overpriced, but have been getting memed into buying anyway. If people see this minicrash as a buying opportunity then it'll moon right before close. Otherwise it will dump. If it dumps then we'll have broken the uptrend over the last few weeks.

>>18579830
Watch the 1 minute SPY chart between 9:30 and 11 am. When you spot a confirmed trend, i.e., at least 2 rounds of higher highs and higher lows or vice versa should it be going down, go in the direction of the trend with the closest to expiration option you can find with a price that fits your budget. After buying the option, set a trailing stop so it closes when the trend changes. Wash rinse repeat.
The advantage of using options is you have a built-in stop loss which is the price of the option itself. You can't lose more than that. And unlike a regular stop loss, if the price doesn't go your way, you can always recover whereas a regular stop loss would be hit and you'd be out of the trade.
SPY options are best because they are most liquid with the smallest spreads.
Now go get paid
>>18580020
Yes sir, I switch off between SPY and TQQQ for the liquidity and make bank using something similar to my post to the other guy

>>18580078
0, shits still gotta be refined

>>18579697
>Vanguard, Fidelity, or Schwab
>no one else
>>18579764
>TD Ameritrade
The duality of man. I, currently, have no interest in options and Fidelity's automatic money market fund seems like a plus. That said my short term goal is to increase my free time and learn more about active trading and I may eventually want to pursue options contracts.
I'm definitely playing the long run as far as slowly building up wealth. I make good money, have solid financials, and my career field is actually doing great in this so I'm not trying to get out now. I 'm good at it too, it just bores the hell out of me and I don't mesh with most of the industry. Also being on call sucks ass.

This man singlehandedly destroyed his own economy

Say something nice to him!

So its stuck at -38?

>>18580086
Israeli false flag operation in Egypt. They tried to bomb the US embassy and frame some muslim extremist group if I recall correctly.

>"May doesn't matter, only june does"

May open today: $18
June close today: $20

>>18579895
Deflation is easy to solve, anon.
Everyone gets UBI.
Inflation is harder to solve, but you just push rates up.

>>18580156
>saudi's feel WTI oil prices
This is EXACTLY what they wanted

what do i buy to get in on the dip?

>>18578108
Tomorrow is Jet Blue Earning report. Good time to sell?

From WTI to WTF.

>>18580153
you sound like myself and so Vanguard for sure

>>18580078
It's already happened, somewhere in Ohio had gas for 99 cents for almost a whole day.

>>18580153
TD has thinkorswim, the best platform for active trading. Period.

>>18579078
you actually thought those conflicts (not wars) were about oil??
It was clearly about keeping the military complex satisfied, we have to fight somewhere at all times or our shit gets fucked, thats why Afghanistan was perfect, endless war against the population

>>18580201
kill him

>>18580186
nothing is going down
you heard me
no oil stocks are reacting at all to -$38 oil

>>18578523
Look at the utters on that one.

Wont the storage been even fuller at the fulfillment of the June contract than the may contract?

who else /financiallyruined/

>>18580037
Reminder that the the S in SQQQ stands for Stupid.

>>18579548
Tits literally cannot get any better than that. 11/10

>>18580277
Stupid big upside, bitch

i really need to stop buying memestocks

MOO MOO ARE YOU OKAY

ARE YOU OKAY MOO MOO

>>18580265
>Wont the storage been even fuller at the fulfillment of the June contract than the may contract?
Depends how quickly the wells can be idled.

Trumps press briefing tonight is going to be fun

>end of the day oil pump
lel does anyone know what they are doing anymore?

>>18580337
sh-shut up

Can somebody real simply explain what the fuck has happened

>>18578239
>is everyone memeing this for
Staying sane.

>>18580156
>takes the whole middle east down with him
Is he gonna get assassinated?

>>18580149
I had a 40% gain from a TQQQ day trade but I haven't tried SOXL, I'll have to check it out. Thanks bro.

>>18580385
"The headline number that everyone is freaking out over is the front month contract. Right now that's the May contract. Trading in this contract will end tomorrow, April 21, and delivery of physical crude will be in May.

In the normal course of events traders holding this contract about now would be selling it to someone will to take physical delivery and then roll the income from that sale into a later contract.

RIght now, however, no one wants to (or is able to) take physical delivery. Storage is near full. So no one want this contract, hence the crash in pricing.

On Wednesday the headlines will report a 50% jump in crude prices because the headlines always refer to the front month price. And on Wednesday the front month contract will be the June contract.

As for USO, they try to hold the front month contract, but they don't hold it to the very end. This month, USO started to roll to the June contract on 7-April and were done by 13-Apr. So they missed this crash.

Also, note that because USO has gotten so big they are no able to hold all their assets in the front month contract. It would violate exchange rules. Going forward USO will hold only 80% in the front month and 20 % in the next month"

can anyone explain to me why stocks are not falling as dramatically as oil?

>>18580345
>Depends

So by june it may be negative -60?

>>18580156
It all went as he planned. WTI is ruined but Brent is going to end up stronger.

>>18580363

he will ask the journo who brings it up to explain oil contracts, and the journo will stutter and not know.

trump will then say next question

>>18578746
>>18578746
>>18578746
migrate

>>18580378

>>18580337
SPY isn't even down 2%. The only thing to confirm a bear trend starting now would be an EOD dump today instead of the usual EOD pump (which has been missing quite a few days now).

What's going on, just woke up. Buy oil? Is negative the floor?

>>18579650
>empty sanctimonious morality
Is this all you have?

>>18578988
>t-t-tourist
Dude I have been posting on here for years. You are a fucking plebbit tier poster trying to blend in when every board on 4chan is like this you dumb fuck and has been for years.

>>18580050
Today marks the end of america retard

03:44 PM EDT, 04/20/2020 (MT Newswires) -- JPMorgan Chase & Co (JPM), Wells Fargo (WFC), Bank of America (BAC) and US Bancorp (USB) have been sued by small businesses for allegedly prioritizing large loans under the government's COVID-19 rescue package instead of catering to borrowers on a first-come, first-served basis, Bloomberg News reported Monday, citing lawsuits filed Sunday in federal court in Los Angeles.
The Paycheck Protection Program, guaranteed by Small Business Administration, entitles small businesses to retain workers on the payroll during the COVID-19 crisis.
The lawsuit claims that the four banks first processed the larger loans, with loan applications for $150,000 and less processed at twice the rate of larger loans in the last three days of processing loans before funding ran out on Thursday.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 91.46, Change: -3.72, Percent Change: -3.91
http://www.mtnewswires.com Copyright © 2020 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

>>18580416
Oil is going down dramatically but not as much as you think. Just the May contracts that expire tomorrow. We will likely see the same thing next month, but for now it’s not really as detrimental as biz is making it sound

>>18580385
Retail investors, casual investors, bought into oil futures because they refused to read on contango. Unironically a lot of these idiots believed Trump had made a deal and now are stuck trying to get rid of their bags before the deadline tomorrow.
After that deadline tomorrow at 2:30 pm, a month from that date they no longer have a future. They now have a contract to pick up a literal drum of oil.

>>18579964
Gabbie Carter>>18579964

3:50 futures imbalance incoming

IT'S A SELLOFF MM'S ARE OUT

>>18579844
It will go to $16 correct a little and if the markets crash it will soar higher. 16 seems to be the short term resistance.

>>18580212
I just hate how small their options are as far as etfs and bonds. They seem to be worse off on fees too.
>>18580226
That is a huge plus for me as I have so much time to fuck around while "teleworking" that I might as well make small gambles and learn from them. I see thinkorswim shilled here hard, I just don't know if it's that good since the extent of my investing is my employer matched ira.
I'll explore it a little more though, thanks anons.

>>18578407
that is heavily based on regional variation and prone to haggling, and quality grade. i'm sure you could get it for the price of taking a barrel of crude oil off her hands right now tho.

>>18580533

>>18580478
I'M SORRY BOBO!

>>18580106
Oh fuck those stocks are fucking Cute

>>18580533
> Europe said, for the 87,962nd time since Americas founding
Meanwhile, you have to look to history to find the day Europe fell from greatness.

>>18579711
To end the petrodollar and go back to gold standard. Trump is going to make a speech about this tonight or tomorrow.

>>18580415
>On Wednesday the headlines will report a 50% jump in crude prices

> -$38 x .5 = -$19
> -$19 + - 38 = -$57
wowee

Dont know almost anything about stocks. What does it mean that oil is in the negative? If you buy it will they pay you for it?

>>18580742
find in history another day where the crude cost-10 or more

Shut the fuck up, fags. We're a metal board now.
Go get your asses on /PMG/.

Well got my 401k statement. The hit wasn't as bad as I feared. Lost only 4,600.00.

>>18580854
yep they cut you a check for whatever amount you buy. just get it all and you'll be rich!!!

> Closing above 282
GAY

>>18578108
peak new fag here, I have two questions:
Should I buy some stocks in the hope it goes back up?
If so, what client should I as an EU retard use? I've never traded stocks before.

>>18580916
Already buying with my moms credit card

>>18579093
filtered.

>>18578179
just steal one of the dozens of citibikes or those stupid fucking scooters lying around, it's not like anyone will care when the collapse comes

>>18580562
thank you based poster