/biz/ - Business & Finance

>>20876100
Ive been there anon 2k to 50k in 1 month now back to big 0. Quit while ur ahead

Most of us are burgers in states that it's illegal and VPN means they can take all your money no questions asked

>>20876100
>> I gambled even harder than you people who gamble on shitcoins.

topkek.

>>20876128
Options trading is legal in all of america, and you can use international brokers if you dont live in america, completely legal

>>20876100
A word of advice from experience..cash out. Trust me you'll lose it all in the exact same time frame if you get too cocky

>>20876127
Probably because you're a bad trader and didnt diversify into owning stock and kept yoloing 100% of your account like a retard

>>20876173
Nah Im good mate, havent lost it and wont lose it because I dont 420 yolo my whole account

Just don't forget to update us when you lose it all

>>20876230
keep trading crypto with your weekly trump bux retard

>>20876100
teach me

>>20876128
Wtf? Muh freedom.

>>20876198
Have you even been able to do the same? No? Shit the fuck up, dumbass (not him btw).

>>20876138
Gamble? Lol

>>20876303
Pay me.

>>20876340
It is gambling, you dumb bitch. Holy shit, how new are you? Even TA is gambling

>>20876298
gladly

>>20876318
Hes wrong and has no clue what hes talking about

>>20876128
This is the average crypto poster. A blathering retard completely ignorant to the laws of his own country to the point that it financially hurts him.

>>20876340
theres also no way in hell they risked managed

>>20876198
U wont get 2k to 50k in a month if ur not a retard

what options did you buy ? What research led you to buying them?

>>20876327
>Shit the fuck up
Genius. Yes, I bought stock and diversified, because Im not an idiot lul

hgahaha ya ur so cool are u that guy from wolf of wallstreet ur the best

>>20876100

>>20876390
>genius
imagine nitpicking a typo lmfao!!!

>not an idiot but im too much of a pussy ass bitch to post gains!!
LOL

>>20876128
You really think options are illegal in the US? Please tell me you don't live in the US. You're making us all look fucking retarded, you fucking retard.

>>20876383
I did risk manage, I also won big on AMD calls. But at the end of the day, if you know the sector you dont lose, its not a gamble its a matter of time. Meanwhile, how mmany countless tards waste their paycheccks on solely crypto? Why do you guys refuse to diversify where you put your money? Crypto is all the same asset class

Put half into stock and the rest in options if you lose the 35k oh fucking well, STOP, if you turn that into millions keep going.

>>20876389
AMD 55c, the fact they already had 7nm out and intel was having supply chain issues. Pretty simple.

>>20876431
I dont see gains. What a pussy ass bitch kek. I dont care how long your posts are. Post a fucking image, retard. You also literally cant make what op has if you risk manage (I bet you dont even know what that is).

>>20876100
Lol same, Im up 60k this week started with 1k

>>20876100
So what options did you buy or are ypu just a larper because so far all im seeing from you is

>1 post by this id

It's not difficult to photoshop this either.

>>20876466
Pretty smart to realize that and capitalize on it.

Lmao, I'm getting called a retard by people who didn't put 25eth into XAMP at .0006 yesterday.

Keep calling me dum lol

Take out your initial investment X2 atleast. Seriously fude

>>20876351
show me your portfolio since youre not OP

>>20876564
are you changing your ID?

>>20876100
How are those get puts treating OP? What's that, they're worthless...oh no!

Please donate some of your profits to BLM to help fight racism.

>>20876495
Yes you can, sell calls on shares weekly lol. Or do some reverse iron condors on a typically high IV stock that's stabilizing. Thats what I did on NKLA a week or two back and I made 128k with 1k

>>20876629
>How are those get puts treating OP?
Do you mean GE? Not too hot. Good thing I manage risk and diversify

>>20876634
KEK

>>20876706
what app is that?

I got in at nikola at 12 sold 85 feels like a genius, then got in spce options just before that nasa announcement thought i got 300iq it was downhill from there lol now restarting again with 2k from my link gains but ive learned my lesson hopefully itll be modest this time

Totally not gambling.

>>20876551
Check it on fotoforensics then retard. It’s not a shoop you’re just mad. http://www.fotoforensics.com/

>>20876720
Robinhood. I also have a Schwab account, this ones for the memes.

>>20876792
Is webull okay? There asking $12 for deposit fee

>>20876495
:^)

>>20876840
No you’ll get scalped on every order. If I had to do it over again I’d still start on either robinhood or TD Ameritrade

>>20876100
Teach me senpai, or atleast give us some advice

>>20876792
does it work outside of the us?

>i made money in a clown market im such a genius trader i bet i can replicate infinitely. btw no its not gambling
we’ve all been there dont worry and go back to plebbit

>>20876327
>(not him btw)
Yeah no shit fuckface. Ever noticed the poster IDs?

Fucking reddit fags fresh off the boat

>>20876903
Start getting into options and stock, be sure to buy longer dates to ensure your DD has time to kick in, never put all your money in one play unless you don’t have a lot to work with and you’re 100% certain it will go your way. For example I bought some AMZN calls before their earnings & after UPS had good earnings, knowing that UPS’s biggest sector is consumer and their biggest customer is AMZN

>>20876431
>But at the end of the day, if you know the sector you dont lose, its not a gamble its a matter of time
Wew buddy, your’re in for a rude awakening

>>20876706
>has a $70k account
>shows some shit $500 position
nice diversification bro 99% options 1% memestocks

>>20876918
No but interactive brokers does

>>20876999
Most of my money’s been cashed out

>>20876100
Because you can do the same thing, but anonymously and tax-free.

>>20876999

>>20877040
>but anonymously and tax free
He fell for the meme, not only is crypto double taxed in the US, but the IRS is now heavily monitoring it. Using Coinbase? Goodluck making anything substantial without getting the govt knocking at your door for back taxes + fines.

>>20877123
It's not taxed if you trade on a non-KYC platform, then buy gold bars with bitcoin from AMPEX.
Selling of gold is tax-free.

>>20877179
>non-KYC
you mean Mt. Gox part 2?

>>20877123
Also selling gold is subject to capital gains tax retard

>>20876100
Crypto is less risky and requires less capital to get started in.

>>20877274
Crypto doesnt require less capital, you can buy ford and its options chain for the price of a McDonalds run. And Crypto certainly is more risky

>>20876128
Retard

>>20876128
If options were illegal, American prisons would put Auschwitz to shame.

>>20876222
I yoloed my 30k into 60k into nothing. Can I carry over my losses with my taxes.

>>20877501
You pay twice as much for losing

I just don't understand longing and shorting.

Where the fuck does the money even come from?

>>20877474
damn, how can we make this a reality?

>>20876100
option trading scares me and i dont know enough about it. thats why i dont do it

>>20877789
thanks for the insightful analysis

>>20877789
under normal market conditions yeah. but currently you can literally make it by buying the dip on tech stocks and longing them

>>20877706
maybe other people also longing/shorting but calling it wrong?

I don't know how to trade options or I would try.

>>20876100
Whats your best tip lad - do you spread your plays or do you go heavy on a few?

>>20877345
No because with every options trade there's a chance you will be liquidated and lose everything. If you just buy and hold crypto the chance of losing everything is virtually zero.

How can you afford to buy options with only a few k? I see ppl buying tesla option but one contract is like 60k. Am I missing something?

>>20876938
Retard. It could be argued I was changing ID to act as a new anon. Haha imagine having to explain this

>>20877097
Your total net worth is probably under 10k lmao. Poor bitch

>>20876843
Where are the same gains as op ;^).

>>20876638
oh jesus, man. Now you have over 128k apparently from 1k. lol.. sure, bitch

>>20877123
>crypto double taxed in the US
the fack does that mean? i thought it's just capital gains tax

>>20877249
Only if you dont sell it for cash

>>20876638
let me ask it to you this way since you dont get it. What percent of your larp portfolio do you risk per trade?

>>20878926
An option costs a fraction of the underlying

>>20876638
https://www.wyattresearch.com/article/iron-condors/
you dumb larping bitch. Realistically the most you'll make is 10% a month, not 12700%

There's no free lunch in options. No free magic money to be made. You're making the same coinflip you make daytrading stocks, it's just a highly leveraged coinflip.

A narrative has been pushed heavily in the past 1-2 years, probably underwritten by Robin Hood and other trade platforms trying to lure zoomers in, that you just need a sharp eye and some pocket money and you too can go from $50 to $5M in two months.

The thing about the stock market (probably all markets, except maybe illiquid shitcoin exchanges or something) is that it's so heavily algo traded that you, a mere fleshling, will never have the advantage. People will still get lucky sometimes and people will still keep spreading stories of those winners around to support their confirmation biases, but it's all bullshit. Billions of dollars worth of self-evolving algos and HFT machines on .0000001 nanosecond fiber lines hooked directly into the NYSE are using every financial instrument in the book to hoover up every last femtopercent of gains that there are to be had. There are no inefficiencies left for some clever iconoclast to stumble upon and make millions from.

>>20879223
This

>>20879223
survivorship bias but yeah

>>20879066
You're supposed to pay taxes on every transaction you make, even crypto to crypto.
I don't think anyone is doing that though. What a pain.

>>20876138
this but literally and unironically.

>>20876100
because I don't like the American government, the American system, the American stock exchange, or faggots like you.

>>20879223
cope

>>20879637
what'd you buy your pixel moneys with?
>AMERICAN CASH
what are you gonna sell your pixel moneys with if someone wants to pay more?
>AMERICAN CASH

>>20876466
I bought 75 shares of amd before earnings, but profits are almost nothing compared to crypto, I wanna try options how do I options I have an account, how many option did you buy for amd and when did ya sell

>>20879580
Oh, yeah. I keep track of it. But it's the same with stocks, no?

>>20876383
lmao dude mortgage backed securities in the GFC were "risk managed" ffs

>>20880812
Yeah I would say so, crypto to crypto seems the same as stock to stock. I've fortunately moved most of my crypto at a loss before swapping it :^)

>>20881388
Lol same here. I have no problem reporting my crypto taxes because up til now I've got a lot of losses to make up for the gains.
I used to be scared of doing transactions because of the tax implications, but I'd rather make money and get taxed on it than lose money!

>>20876100
I'd love for biz to do options but they're big wuss. I have to go to reddit for the wsb chads

>>20876634
All funds donated on blm website goes to act blue and the DNC. So basically Biden.

>>20876638
>Thats what I did on NKLA a week or two back and I made 128k with 1k
You are full of shit

>>20881609
Enjoy gambling

>>20879223
this

>>20881514
I don't think you have to report at a loss at all until you cash out

>>20876564
Seething

>>20881891
https://www.reddit.com/r/wallstreetbets/comments/hmyajs/that_sweet_nkla_arbitrage_605_in_7082085_out/
:^)

>>20876100
*sips link*
nah, I'm good

>>20881986
muh gambling
crypto isn't gambling huh?

>>20882002
Any trades I did within a tax year, i report it. that's all

>>20882064
>I leveraged 605$ into 1.2 million. https://i.imgur.com/Pan3NfI.png - all it cost was the looming potential of early assignment on calls and possible bankruptcy.

In other words:
You took an extremely risky gamble and won. Should you have been assigned the short calls you would have been wiped out from the short interest alone.


And this is what you call good risk management?

>>20882297
yeah but I don't think it does anything for you positive or negative? I'm pretty sure you only file when you cash out anyway

>>20876100
I dont know what that stuff is. I'm just a noob robinhood fag gambling on stupid stocks

Big risk, big reward.

If you think you're smarter than the market and your OP is true then you should be a billionaire in no time, right? Just keep multiplying your money like that.

Good luck.

>>20882437
My understanding is you should be reporting any taxable event. And then you will either have capital gains or capital losses. You can claim capital losses up to $3,000 per year against your income as a deduction I believe, and anything more carries over to the next year. Subtract your losses from your gains to determine if you will owe any gains tax. Also keep in mind long term vs short term

>>20877706
Here you go

Come back when your account is negative next week

>>20882501
based

>>20880928
you didnt understand what i was saying, huh? Shut up

>>20882085
different ball game. Stocks will inevitably hit the shitter. Bitcoin can survive the recession. Only 5 stocks were up (about 15%) out of 500 in the s&p looking at the beginning of the year while btc has been up like 40% since then. This is including the crash in march.

>>20882717
this kek. If true, op needs to fucking stop trading, go 50% in btc, and the rest to start a business (slowly, not blow it all up).

>>20876100
How do i cashout without paying a mountain of taxes?