/biz/ - Business & Finance

buy the dip

Leveragekeks BTFO

>>22193616
Sure, I haven't seen the dip yet though.

Private equity anon still answering questions about finance, economics, etc...

qqq puts or sqqq calls, and hardmode, WHY

Anime?

Just got done wage cucking and I'm here to let everyone know.

Be safe, be smart, invest in Walmart!

What volatility tickers are there besides VXX and UVXY?

>>22193652
Is CFA worth it? t. CPA

HEY HEY HEYYYYYYYYYY

WASA WASA WASA WASA

TECHCONNEEEEEEEEEECT

TOMORROW MORNING IS YOUR FINAL CHANCE. CUT YOUR LOSSES FROM TECH. YOU WILL LOSE EVERYTHING.

>>22193652
>>22193647
From the last thread

>>22193655
QQQ puts because it’s a more liquid market to enter/exit meaning better pricing for retail investors.

>>22193665
TVIX

>>22193652
Any good finance books you'd recommend? I see people say if you've read 1-2 books, you've read them all.

>>22193697
Didn't it get delisted?

I need more pink wojaks for tomorrow

>>22193655
very short term sqq, like a week or less to be safe.

Then when all the buy the dippers are pink wojaks, buy the bottom.

>>22193652
Will my TQQQ losses ever recover hahaha

>>22193680
Yes, CFA is very highly valued and opens many doors. I don’t have one but got my current job by acing a very rigorous modeling test.

i will definitely be voting against biden america let me tell you that

>>22193687
It’s all about inside information from all angles. This or the flash boys who front run the retail investors upon big news.

>VIX keeps going back up every time I check
NGMI

>>22193652
I sold all my Tesla on Monday fearing choppy waters ahead and put it AAPL. How fucked am I? I thought I was heading to safe harbour, but that doesn't seem to be the case. Any feedback is appreciated. BTW I was thinking of just holding AAPL for like 5 years.

Fuck it, I'm just going all into TD e-series. I just want slow and steady.

>>22193573
Gold miners or physical. I got my finger on the trigger for a CC purchase of some more gold. Like your picks for unbreakable stocks, anon.

>>22193710
what expiration date for a week long hold option? 2 weeks?

>>22193652
What gold miners are you excited about? Buy asap or wait?

>>22193727
The harsh reality of this market is when Trump exits office rather it be in January or 2024, the market is gonna dump like nothing you've ever seen. For a variety of reasons.

>>22193736
It's way safer than tsla

Not prepared for tommorow. RKT is now extremely undervalued as all hell and its going to get another dip because fuck the market.

>>22193708
It's not delisted from my heart.
Stupid ticker made me a mad amount of cash. Shame they did it dirty.

Fuck this shit. Where to rotate? Gold? Miner etf? What will you buy?

>>22193684

>>22193699
The Intelligent Investor and Margin of Safety (if you can find it online). Also read books covering basic macroeconomics like forex, global bond market, balance of trade, etc...

>>22193736
>I was thinking of just holding AAPL for like 5 years.
Sell deep OTM covered calls and pretend it's a divvy stock

>>22193758
>variety of reasons
you proved it to me, nice argument and post

Anyone else been second jobing their stock trading lifestyle? From the time I get up to the time I go to bed I'm reading stock stuff. Lucky to work from home now, but that is going to end soon. Next week got to be at the office Wednesday thru probably the rest of the week. I should be trading. That is my destiny. Not this half life. Just need more money to make my dream real.

>>22193765
>RKT
legit didn't even check this today, died laughing after looking at it.

>>22193652
Emergent markets lose hella cheap

Are you betting on a correction in favor of emergent economies and small-caps? large caps historically under-perform but that hasn't been the case for the past decade.

AUY

haha, look at this happy little guy!

>>22193750
follow your heart anon, im going day to day right now

>>22193800
>lose
look

>>22193798
Holy shit I sold some poor idiot my RKT at around 33.70 yesterday. Jesus Christ...

>>22193736
AAPL will outperform QQQ but will still sell off. It trades at 8x+ sales when 5 year average is like 4x. There are better options IMO right now like Intel.

>>22193818
>look
Where?

Question about 3x leveraged ETFs. If I bought today, and I hold until it recovers to at least the price I paid for it, will I lose money due to decay?

>>22193800
The thing with all recovery stocks and etc. Is there is pent up demand that will surge into tourism, dining out, etc at some point.

After that bump though what happens. You can play the "bump" and sell after, or you hold through a bump, the sell off, and then have to hold it for the sustained recovery.

Either way. buy tech stocks.

>>22193808
this picture is magnificent and im not even into feet like that

>>22193755
Buy ASAP, too hard to time the dips. KGC and EGO are rockets.

>>22193764
>>22193786
Roger that anons. Logging off for the night good luck tomorrow, going to be fucking interesting.

Wtf happened today boyos?

>>22193836
Yes assuming it only reaches the price you payed for it

>>22193789
Allow me to elaborate.
1. Trump is doing everything in his power to get this market pumped rather it be via money printing or through corporate confidence.

2. When a Democrat becomes president they are going to expect corporate tax hikes.

Either way Trump does not care what the economy does after he's out, once he's out the market will go into a depression when all of this artificial pump comes to an end.

keep my lulu calls? Expire on the 18 and earnings next friday.

>>22193836
You question makes no sense proving you shouldn’t even be trading these products.

>>22193502
https://fintel.io/n/us/vrt
looks like the only insider sales were one in 2018, and a holdings company called VPE just sold 20% of their shares.
This is enough to say it's a bad stock?

>>22193288
>just short CVNA which is a no brainer.
huh? what's so wrong with carvana?

So you're saying I shouldn't take profits on my QQQ put or my UVXY? How high can the vix go? How do you know when to take profits on shorts and shove it into longs?

so VXX calls?
More Barrick, add Newmont
And it isn't too late for QQQ puts?

>>22193808
I don't trust the judgement of someone who is a footfag.

>>22193863
parabolic growth gravity

Gunna buy so much AAPL tomorrow.

>>22193863
I bought a call this morning, that's what happened.

>>22193758
At that point AR-15s will be worth more than gold.

>>22193870
Dems will be doing massive fiscal stimulus (much more inflationary) and top kek if you think they care about balancing the budget more than repubs. The corporate tax target by biden is lower than pre-trump target.

>>22193745
Right now I have about 30% of my money in physical gold and silver and 10% in mining companies. What else do you recommend to balance it out? I have no idea what else to get so I was leaning towards extremely broad, equity based global indexes.

>>22193905
Unironically wait until Tuesday.

>>22193836
>>22193867
thats assuming the UNDERLING index (QQQ) only reaches the price at which you bought TQQQ. if you buy TQQQ at $105 and it dips to $55, and then it goes back to $105, you have lost zero dollars not counting inflation, just like any other ticker. if QQQ is at $200 and you buy TQQQ at $105, and then QQQ goes to $75, dragging TQQQ far down, when QQQ goes back to $200, TQQQ will not have recovered all the way back to $105 unless QQQ continues to pump higher

>>22193863
I lost 5 grand today. Post some gore, boyos.

I have 33k sitting in my account from selling shit off a few weeks ago. Learned my lesson from March and haven’t bought anything yet.

>>22193901
Buy AUY fagget

>futures

>>22193766
I miss TVIX-chan everyday as well

>>22193905
lookin to get uber,visa,and square here

>>22193949
HOW

>>22193800
Boring durable free cash flow companies will thrive. There are still certain Corona plays like JWN and DIN among others. Oil tankers are at or nearing bottom see DHT. Oil and gas might be near bottom but demand recovery is still bad. Magellan and Dorchester LP are good picks. REIT’s will look juicy soon but only if investment grade credit industrial and office single tenant or workforce housing. Self storage is a no brainer investment anytime it goes on sale which is like never...

>>22193863
>no stimulus package
>big unemployment numbers
>2 months away from a possible democrat sweeping the election
>people taking profits

>>22193931
That's the day the people are starving so bad they will give all the guns they own for a weeks worth of food.

>>22193939
Real advice

If you are just buying to hold 5-10 years, tomorrow is fine.

If you want to play for an extra few % then wait till tuesday but it's probably 50/50.

If you are buying on crazy margin just wait till a week from now and don't mind paying up.

Never gonna FOMO again without stop losses, pretty fucking pissed honestly

Reminder that 100 years of market history have proven over and over again that the markets do not give a SHIT about who wins the presidential election. But shares from boomer midwits that get duped (again) into selling before an election.

>>22193934
Im not a Democrat so don't use that as an argument against mine.
>>22193949
>the footfag also like trannies
Color me surprised.

>>22193966
there are trans people that pass lol

>>22193879
No, LULU hit peak. Great company but nosebleed valuation.

>>22193766
what replaced it?

>>22193925
Kekkies.
Never buy options.
Theta and expiry date will shaft you almost every time.

Chances of green tomorrow?

From bubble thread...
I want tesla, amazon, apple,
Big pop coming but from the bubble chart it seems theyll be a bull trap after this and pop down to where you came from lol

>>22193863
This boomer won’t be alive for the next elections and want to put sleepy joe in the office at all costs

>>22194006
!

>>22193974
Why give the Jew your guns when you can give them your bullets?

>>22194007
I got 100 puts on apple down to 101 since they where .01 each lol
Lets hope this chart is right

>>22194005
We aren't gonna V twice. Either things bounce back by next week or it's game over.

>>22193784
Awesome thanks man. Picked up the Intelligent Investor last week off Amazon. Will look into the others after I'm done. Guess I'll ask another if you don't mind: when a fund purchase a large amount of stock (>1 million worth) do you purchase them in small chunks? Would there EVER be a case where a fund decided to market buy a ton of stocks?

B BROS

>>22193900
CVNA founding family are criminals, Garcia’s. Insiders dumped $200m in shares simultaneously and Garcia’s have filed to liquidate all their holdings of like 1/4 of market cap in Q4. There is potentially market manipulation going on too. They lose more and more money each quarter it’s all smoke and mirrors, they are paying $2-3k above other companies like KMX at auctions.

>>22193836
Not how decay works. If you hold until your entry price and sell, you get your money back. Decay is when the underlying goes down 3.333% and the 3x leveraged, which we'll say is worth $100, goes down around 10%. 3x leveraged then resets for the next day at $90. Underlying goes up 3.3333% next day and 3x leveraged goes up 10% from that morning's price to $99. So even though the underlying erased its loses the 3x leveraged is still down a dollar.

>>22194007
AMZN is too diversified to be a bubble. AAPL and TSLA are memes.

>>22193947

>>22194036
>large amount of stock (>1 million worth)
>1m
>large

>>22194045
It was down 200 points earlier today so consider this a pump

OH NO NO NO NO NO

>>22194034
>twice
I'm seeing at least six big Vees since the March bottom.

>>22193936
Buy DHT and BTI and INTC.

>>22194060
AAPL is the original tech cult though. All other tech frauds always cite Steve Jobs as inspiration. If you view AAPL as just a consumer electronics company, then the margins and valuation come back from orbit. They don't give a SHIT about innovating. It will always be packages of overpriced hardware that you pay a premium for the brand name.
TSLA is a meme though.

>>22193949
>circumcised
So close....

>>22194071
We heard u the 1st time

>>22194061
Shit, dude. That looks awful.
I think I once lost 10k in a day, but the whole account value was around 30k or so

>>22194071

>>22194063
I said greater than 1 million you faggot, sky is the limit

>>22194061

>>22194101
i just applied to jack in the box

>>22193936
>extremely broad, equity based global indexes.
I mostly sit in /pmg/, so you might have say my posts from earlier today. I'm in iron miners, agricultural commodities, a wee bit of defensive picks and consumer staples (and BRK.B and TGT which seems too high). There's the most miniscule position in inflation indexed bonds, and then the only other thing I can think of would be some targeted global (consult 13f fillings) and maybe, just maybe insurance brokers, not carriers, brokers.

>tfw can’t buy cause I reached my RH deposit limit until things clear

Fuck

>>22194003
Nothing. Credit Suisse wiped out a bunch popular ETFs for some reason.

>>22194045
this chart shows how this "correction" is negligible in the grand scheme, and how we have a lot of flexibility to rally upward from here

>>22194071
You faggots won't fud me out of my position. Walmart or bust.

>>22194114
Thats true you did say that

I think tomorrow will be red, but not bloodbath red, it'll just be slight dip with not much movement. People will be playing the waiting game instead. After a big scare people look around first.

>>22194139
>upwards
you don’t learn do you

>>22194139
Is TSLA finally back to being valuated less than WMT?

>>22194081
gimme the rundown anon, physical or miners, I'm about 60% PM, and that's about 75% physical and 25% miners. anon, cointoss pls

>>22193684
I'm only holding apple and nvidia, surely they won't go any further

WHAT WAS THAT

>>22194117
whats sad is i was actually up $2k last week after my first options plays. Then i decided to say fuck it and try tesla calls...
Now im trynna figure how to pull 5k out of my ass for tuition payment on the 15th

>>22194036
I work in private equity we don’t play in public markets. Yes, this is called block trading though.

>>22194090
only idiots buy apple products... pretty good business plant TBQH as there is no shortage of idiots who over pay for garbage so long as its apple


Def will not crater as much as tsla or some of the other meme tech stocks, when there is bloody wojaks all over my choice is NVDA however

>>22194173
NVDA will absolutely sell out of 30XX series for months.

>>22194120
1-800-273-HELP if you need it, man
There’s a racist old boomer that’s been calling several times a day for years on end.
Jack in the box is some dam good food tho

>>22194163
It better be.

>>22193870
>2. When a Democrat becomes president they are going to expect corporate tax hikes.
anon you're being fucking ridiculous
Unless you expect a dem sweep AND an economic recovery that makes austerity look wise, NOTHING is happening.

This was NOT about the fucking polls.

>>22193934
>Dems will be doing massive fiscal stimulus (much more inflationary) and top kek if you think they care about balancing the budget more than repubs. The corporate tax target by biden is lower than pre-trump target.
fucking retard
fiscal conservatism is dead, how can you not see this? Republicans will only pretend to care about balancing the budget if a dem is elected, and dems will never care about it.
This election is completely insignificant, the Fed and the ECB are what you should be paying attention to.

>>22194057
alright so carvana is shit...
but if it's manipulated then I don't really want to touch it.

So you're saying I shouldn't take profits on my QQQ put or my UVXY? How high can the vix go? How do you know when to take profits on shorts and shove it into longs?

so VXX calls?
More Barrick, add Newmont
And it isn't too late for QQQ puts?

I'm done 6 f today kek

frens am i going to make it?

>>22194170
Miners, specifically NEM and KGC. Miners are a leveraged play on gold with high liquidity so you can enter/exit instantly. Think of physical, which I too own, as a long term insurance hedge.

>>22193867
>>22193946
>>22194059
Thanks frens. So as long as I don’t sell at open tomorrow like a pussy I’ll be fine once it recovers.
>>22193890
Kek probably true. But I’m gonna load up on SQQQ tomorrow and keep buying the dip.

>>22194139

>>22194220
I never said repubs care about budget

I said simply dems have things they want to pass and the deficit and budget won't stop them from massive stimulus. Which will cause inflation.

Whatever tax hike they pass will be accompanied by high spending which juices economy way more than the tax will harm it.

>>22194176
>Now im trynna figure how to pull 5k out of my ass for tuition payment on the 15th
bro what the HECK are you doing

>>22194230
>Miners are a leveraged play on gold with high liquidity so you can enter/exit instantly
I thought that was royalty companies?

>>22194140
walmart and amazon will be fine... meme tech stonks not so much

>>22194222
Post your gore.
I lost 5 grand and posted it earlier in the thread.

>>22194220
I’ve got VXX calls that breakeven at $35. I will consider selling at $40 but think $50 even $60 is possible. Nasdaq is going to dump hard, like 40-50%, if not now then after election.

goodnight frens. we will all b ok

just want my stimulus check bros

>>22194230
based. settled. That must be what my gut was saying. There's a few kinebars still on APMEX that I was going to grab, but I won't have the cash to get them. Please feel free if you can. NEM seems to have some nasty co-movement. I'll be sliding right into KGC, it was on my list for today, but UVXY was too juicy when I woke up this morning. If the doombull/QE infinite is legit, NEM is going to go doubly ballistic. Every post makes me want to give more weight to your opinions. Thanks, anon.

>>22194256
I got out of tech Tuesday morning thank fucking god.

>>22194219
Thinkin its over?

>>22194252
They are too, but miners are now operating mines that are profitable down to $1.3k/oz so price increases are pure profit.

just transferred 30k to my vanguard account, I'm ready to DCA into this crash bros

>>22194275
You're fucked. They just agreed on a slim bill to keep the government open, there's gonna be no goronabux talk in the near future.

>>22194275
Lol there will be no stimulus check. Democrats said they wanted a 2.2 trillion relief package or get fucked. Republicans won't agree to that.

>>22194140
Fucking pussy.
I’m currently holding 50k of SSO and SPXL.

Opened the day down $3k, closed the day up $560. Would have been so much sweeter if I had held that AMZN $3350 put for more than a 100% gain, but I didn't actually expect it to go ITM...and so soon. In fact, that was my whole day "FUCK we just broke the 61.8% I SOLD MY PUTS TOO SOON."

Where my GOOG put chads at?

And my ZM ZM niggaz? Got a pile of ZM 350 puts for tomorrow. Pretty sure it's gonna pull an Eth and dump down to the 200ma on the 4hr...that's under $300 for you retards.

Might be the easiest $100k of my life. It's so obvious that it isn't.

>>22193947
Here's my gore. I was up to $21k and feeling really good, made about $9k in 2 weeks than I gave almost all of it back today. Should have sold yesterday when I had the euphoric feeling going...

>>22194321
I don't have that kind of money right now tripfag.

>>22194325
forgot pic

>>22194276
Yeah, I’m the real deal, I just want to help people. The hedge funds are dumping to young people who thought they were geniuses putting all their stimulus money in RobinHood. Guess who front runs RobinHood trades - Citadel...

https://medium.com/the-innovation/how-robinhood-and-citadel-are-fleecing-an-entire-generation-of-traders-f2282304b75f

i need to turn my 2.4k meme money into a lot more on QQQ puts to DCA deeper into this crash

>>22194322
I sold my 9/25 Nike puts at a small loss. I'm retarded.

>>22194276
The doom is legit friendo - they already cut Fed Funds rate to zero and opened window to unlimited borrowing - what else can they fucking do besides UBI...

>>22194297
nice
be patient, but not too patient

>>22194325
>Should have sold yesterday when I had the euphoric feeling going...
I know when to sell from when I start taking screencaps.
QLD still hasn’t crashed all the way to the value I closed out of it with a couple weeks back... I’m still up 50% for the year though. That FOMO is what gets you.

>>22194242
There were lots of 'minor' dips between that crash and today though, so it's really too soon to tell.
My guess however is going to be red tomorrow but next week will be back to green

>>22194365
Nike is still ripe for a massive fall. Very overvalued.

>>22194248
living on the edge

>>22194257
It's too much for the thread. Would end up on reddit or something. quarter

>>22194345
I know; it’s not the size, it’s the magnitude of volatility.
You’re bragging about your iron hands with a fucking boomer stock, and I’m out here with half a year’s salary riding on leveraged ETFs

>>22194384
Yeah every time I get some nice gains instead of taking a break and chilling I just go right back in. The mental swings in this game are unreal... I think I've learned my lesson now

>>22194381
That's exactly the point. Monetary policy can only do so much and in the recent talk Powell was not so subtly begging Congress to do something with fiscal to help. He's out of tricks at this point and if another dip happen it's all ogre.

>>22194411
I know, but as soon as I bout my 9/25 $100 put nike mooned. I didn't expect a flash crash this week.

>>22194219
>enhance 34-46, pull back, wait a minute, go right, stop. enhance 57-19, track 45 left, stop. enhance 15-23.
>Give me a hard copy right there

only just begun

>>22193684

Sold Apple on Monday and Tuesday.


Cannot bail out of TSLA at this point. Have to hold and hope the battery day hype pulls it out of the gutter.

>>22194422
>Would end up on reddit or something
So what.
You’re anon posting too.
If I lost my whole portfolio of 90k today, I’d still post it.
Put /smg/ on the fucking roadmap, pussy.

>>22194429
I agree to that extent but if this crash is the real deal it doesn't matter rather boomer stock or leveraged etf, we are all gonna get fucked. Also I'm not bragging I'm just saying in the past I would have pussed out and sold, I won't do that this time.

>>22194222
How much exactly? Don't be a pussy and show us, nigger

>>22194447
Agreed and fiscal won’t happen because Democrats (and now establishment Republicans) want to hurt Trump’s re-election campaign. Perfect setup for a crash.

>>22194381
Congress starts funding pensions with nominall NIRP loans? I dunno. Liquidity injections are ready and able, we probably still have some more deregulation to go.

>>22194447
fiscal can't do shit either unless they just straight up open the country and run huge deficits to stop taxation while they cut programs and let inflation roar. this Keynesian crap is like an improperly tied tourniquet. every stupid piece of stimulus, monetary or fiscal, is another pound of pressure too tight.

>>22194497
I said a quarter

>>22194449
You can still buy more puts, it’s still got farther to fall. Their sales growth QoQ was abysmal.

this is what re-puke-blicans get for not extending the $600 per week unemployment payments

>>22194511
Condolences. It'll come back with more

>>22194524
where are my FUCKING trump bux

>>22194497
Somehow I think you'll still be fine considered you have a 400k plus portfolio.

>>22194523
It's part of the game and 5x my portfolio size heading into the year.

Look at the VIX bros

I want the poor mouthing anon from last thread to see this:

If you seriously want a job look up environmental contractors they will literally take anyone and doesn't matter where you live. Unlimited overtime. Don't be a victim and absolutely never play one

As someone that has dealt with a lot of unfair shit and been through hell and back so many times and is finally going to make it at 37 through sheer working my ass off I have zero tolerance for victims. Pick your self up anon. If you really want to....

>>22194508
We are moving towards UBI, rapidly. That and narrative interest rates which they will force middle class Americans to stuff into their 401k’s.

This country is going to hell, the middle class will disappear.

>>22194542
yeah I'll live. Got a nice setup coming into view on the /NQ in futures which should more than make up for it

>>22194497
>50 grand
>15%
Yeah. I’m still going to be posting my shit on here when my portfolio is 500k.
I swear to fuck that I’ll still be playing high leverage too.

>>22194553
This is good advice.

>>22194516
I'm all in on Walmart and won't sell for a loss even if it's only 3.5%. I'll pass on this opportunity. Plus I'll get bogged of I buy puts now.

>>22194557
>This country is going to hell, the middle class will disappear.
At long last, the Fed ultimately finishes the job from 2009.

>>22194572
ngmi, 4 scoops and no leverage is safer

>>22194557
Negative*

>>22194557
The idea of a middle class is a bit weird.

Pay X money to get through college and somehow you get wealthy cushion lifestyle.

Now increase those going into college as a % of population and into the same majors with no economic benefit or demand.

How was it supposed to survive?

College is the fulcrum point fucking the "middle class" over because it doesn't listen to demand signals from the economy.

Colleges and degrees caused the problem not gov policy. It was just social behavior.

>>22194557
The middle class is already the minority. You are either rich or poor, and most people are poor.

>>22194610
Govt policy on student loans is what drove the bubble retard

>>22194600
The optimal leverage for the S&P over the long term is actually 2X-3X.
Drawdown is real but an exaggerated threat.

>>22194582
I will buy some once P/E is below 20.

VIX futures about to go red.
The world is saved, right?

>>22193635
Whites go and ruin everything they lay their hands on. I bet that "avocado dip" has sour cream in it.

>>22194619
How do you define middle class? Families making 100k? That's not even the median income

>>22194610
how university function

"fuck economic signals"
"study what you want"
"degrees for all"

While charging high costs. kek

It's the ultimate scam and it has everything to do with human social behavior. Blame human intelligence and herd behavior over everything else.

>>22194610
"Free" student loans backed by the government is literally a government policy.

>>22194644
Guess it’s VIX calls for breakfast tomorrow.

>>22194610
Middle class used to be milk delivery guy with stay at home wife and 2 kids in a 2,000 sf home with a yard. This all changed after the immigration act of 1965 and removal of gold standard which decoupled wage growth and GDP growth.

>>22194644
No point looking at it but meme, in a few hours it can spin out of control again.

>>22194635
That's half the equation. People still have to take the bad loans.

>>22194080
I think he means the BEEG one

>>22194610
Basically free loan money and considering the student the "customer" rather than someone to be educated means whatever the customer wants he gets and this includes worthless, academically non-rigorous """degrees"""

>>22194663
I like you.

>>22194557
oh, fuck. My 401 is all fucking kiked vanguard funds. what the fuck do i do? you have a 3 quarter recommendation? I literally have
>target retirement funds (including the bond one)
>global and strategic equity
>bond II
>broad market
>some kind of near cash equivalent
>Windsor ii
Since I can't tell if anything in there is worth the time, I positioned to like 70% cash with enough for about 5 months on a hardship withdraw, I've strung out my personal cash down to about 1 month with enough free credit and cash for emergencies. The only fucking funds that I think are worth a damn are windsor ii, target 2025, and target (the bond one). This shit is fucked.

>>22194360
While I'm having a bit of fun today seeing the market go down, I do feel sorry for anyone new to the markets who was just going with the flow.
Phones, apps, zero fees, and social media make it so easy to get caught up and trade ignorantly, thinking that you're "investing" and doing the right thing.
You only need to look at the people here for the last few weeks shilling TQQQ and trying to get others to follow their incredibly high-risk trades. Way sexier to make a few thousand in a month (and then lose it all on a day like yesterday), then to plan for 6% a year.

>>22194579
I went from making 35 a year 3 years ago to 70 this year. Cuz I had to find a way cuz of divorce and shit. And yeah I'm traveling to landfills puting gas pipeline in and it sucks but that's why I started putting whatever tiny bit I can into market and studying it like crazy. And my investment is up 50% since I started 2 months ago and cuz I'm active not passive I pivoted all my riskier shit into sqqq at open today and I believe in other shit long term. Im actually going to finally make it at 37 cuz I FUCKING DECIDED TO

>>22194640
At least there P/E isn't a fucking thousand or several hundred like some of these crazy tech stocks. Price target is between $155-$160 the I'll jump ship

>>22194653
I define middle class as having enough money where you only bitch about trivial things in daily life.

>>22194610
That is only a small part of the picture. What the fed did in 2009, and what QE clearly only does, is save the stock market. It didn't save the economy. All it did was put money into the really wealthy classes that had much of their wealth in stocks.
Think about how loud and consistent anxiety about housing costs, education costs, health costs, oil/energy costs, and childcare costs have been getting since 2008? The Fed basically stamped out everyone that didn't own equities and hid it by their carefully massaged internal inflation statistics. None of this money made it to the common Joe, but the prices did.
TARP was orchestrated daylight robbery of the middle class. It gave birth, and I think rightfully so in many ways, to "Berniebros" and Tea Party asshats (in addition to Citizens United). It abandoned all pretexts of doing anything but create the corporate welfare state and it does not surprise me in the slightest that we have gigantic megap companies now. We overly reward winners, and punish the new and the small competitors.

>>22194685
Yeah, it's humans. We can all create endless lists of dumb things we do and strictly better systems we could replace things with.

In the end it's because of human intelligence limits. That's the seed.

>>22194676
>second big crash within a year on no news with treasury yields less than 1%
NASDUMP could keep dumping but the money will rotate into something other than just cash or rocks.

>>22194696
i have no idea why people like you shit on TQQQ like that. people have been saying buy and hold TQQQ or swing it. if you bought it with the intention of holding because you subscribe to the stocks go up longterm mantra, then today is nothing more than a buying opportunity even if you are red. it isnt TQQQ's fault that a bunch of retards want to buy high sell low. that's going to happen on any ticker. it's still a good strategy

>>22194696
I don't feel bad for these retards. I didn't get into the market until 4 years ago, but I made damn sure to do my research first. These idiots are just opening Robinhood accounts and blindly throwing money at stocks. I have liquidated my account twice. Once to buy my car, once to buy my house. These people need to learn to slow down.

>>22194704
should have learned 2 code and earned 80k starting

>>22194695
You trust fucking target funds?
Aren’t those the fucking “kiked” shit?
Is this some kind of ironic shitpost?

Also, wtf is Windsor ii?

>>22194759
Kekekekek
80k starting?
You know my story, right?

>>22194759
I was looking at that but I had no way to survive for 36 weeks while I did the boot camp. Maybe once I get some comfy stock gains built up. Worked with my hands my whole life knew I could rely on em I finally realized whatever you decide your absolute minimum income is will be exactly what you will get. In my middle aged blue collar world anyway

>>22194747
the estoteric chad play is to put 50% in SQQQ and 50% in TQQQ

you literally cannot lose.

>>22194696
people shilled soxl at 60 and TQQQ at march lows dude. SOXL shill made me much more money than any other poster ever.

>>22194823
i think thats what the original 60/40 TQQQ/TMF guy's strategy was. i wonder if the TMF was there so that if TQQQ actually did totally dump he could liquidate the TMF and buy the tip, recouping everything

>>22194843
>people shilled soxl at 60
Oh man, that 5X’d till today...
Where the fuck is SOXL shill?

>>22194787
No i really don't, that's why I'm using my 401(k) as a cash backstop and almost all of my liquid funds outside of it to secure resources and equities that I think will make it (almost all in on PM). I'm rather upset tbqh. I only like target 2025 because performed ok in march, the bond fund is probably going to get propped up by the fed, and windsor ii is some gay amalgamation of dividend paying large caps starting with kikerosoft apple and alphabet (VWNFX).

I CAN'T DO IT ANYMORE! SO MUCH EFFORT AND I JUST CAN'T GET A LONG LASTING WIN THAT STAYS! One win so far yet almost every other win balances itself out with a loss. I think it's time I pull out. Wage slavery, looks like that's what I'm trapped into. The shackles tighten around my wrist and ankles, hope of financial freedom dimming. So what do I do with my 70k? Any good interest savings accounts any of you might know about?

>>22194759
The moral of story is not learn to code though it's that if you are willing to work there are jobs out there even if they suck and anyone that cries to /biz/smg about can't find one and losing their house is an intolerable faggot that needs to be shaken like a fucking baby

>>22194884
>Where the fuck is SOXL shill?
Living in reality and not buying at the top?

>>22194890
Savings accounts are fucked right now. Buy and hold SPY for a decade and stop being an impatient bitch

VIX futures just went red...its turning around bois

Why it stopped crashing? Circuit breakers?

anyone able to explain what a gamma squeeze is?

>>22194747
>>22194843
TQQQ has been a great trade so far this year. I don't begrudge people who made money and timed it correctly.
But it's not free, easy, consistent money. I don't think any retail trader can do that consistently, and sooner or later they're going to lose.

>>22195043
Part of the title of the book about Elon's exit pump in 2020.

>>22194744
There is objectively no where else to put money right now. Small businesses are dying, large ones aren't expanding, bond yields are negative in real terms. There isn't enough asset liquidity in the real estate market for the market makers to put their money. We may dump for a few more days (in fact I'm almost positive today wasn't the bottom) but money will rotate back into the stock market and tech will begin its climb once again in a week or so. We probably won't see a rotation out of tech until at least November when vaccine shit is slated to be out (not taking that shit, fuck you bill gates). Stuff like airlines and cruises will pick up steam in anticipation of recovery.

This is assuming the stock market thinks Trump is going to win. If bets are on Biden we will see a steady decline in the market starting in October. Although regardless of your political opinion, even with corona and the real economy in the dumpster, Biden is such an uninspiring candidate that there's a slim chance he wins so I think the market will bet on Trump.

>>22195084
Markets don't care about presidents. How often must this be repeated

>>22195084
Vaccine won't finish phase 3 clinical trials until mid-late 2021.
They are trying to push for pre-phase 3 vaccines, which even I wouldn't take, and I consider anti-vaxxers to be complete idiots.

>>22195060
what the flying fuck advice can you give a retail trader?

They want insane gains at high risk. TQQQ is pretty decent sharpe at least compared to yolo calls.

>>22195112
You're actually a retard.

>>22195112
To some extent they have to.

>>22195060
buying and holding is a tried and true strategy assuming the market will go up over time. buying and holding TQQQ will do the same thing and promises excellent gains over the years if you believe that tech will continue to grow (maybe not at the insane post march rate, but still stay green over the next decade)
i personally am not betting against amazon, facebook, nvidia, apple, tesla (long term), google, or microsoft in the long term. these companies are only going to get bigger and more valuable. with that idea in mind, buying and holding TQQQ over the course of a decade is a no brainer

>>22195112
It's more like people who like trump will overestimate the negative impact of a biden win. And people who have hated trump underestimated how good the economy would do.

Biden is not really going to be hard on the market like people think. 90% of his pre-election promises will not be kept.

>>22195170
also IMO I think we will have a bull run shortly after (if) biden wins in most sectors. Partly because of dem enthusiasm for america post a dem win. They will buy just like repubs bought up negative trump futures.

Anyone buying VXY or UVXY?

It's 1 am and smg is moving fast. This is a bearish signal that correlates with rising volatility. I may be wrong but I have reason to believe that the stock market has reached its 2020 high.

Tesla has burned to the ground. NIO held for a long time but even that's gone. Not much movement on ARK ETF'S but we're down there, too.

That said, 3/4 of my pot is still sitting in cash doing nothing. Do I dump it all in SPY until further notice to responsibly do... something with this stagnant reserve or hold it as cash until we have more info on the coming week?

My account had just opened up today. Would it be a good time to buy stocks rn since everything is down now?

>>22195215
True, until you take a position and the bogs target your portfolio.

>>22195112
if elon musk can send fear to investors with a single tweet causing the stock to dip then so do elections.

>>22195227
yes. especially if you just have some pennies

>>22195208
VXZ is probably a safer bet since it doesn't trend down in the long term nearly as bad as UVXY and VXX do so you get some more breathing room for your trade to work. It's a bet on mid-term VIX

>>22195227
Buy inverses like SQQQ until the market turns around

>VIX is dying
You did buy the dip right /biz/?

>>22195227
Uh do you even have available funds if your account just opened up today?

>>22195257
Well obviously

>>22195156
Buying TQQQ is not only a bet that the that the NASDAQ 100 will go up, it is also a bet against volatility.

>>22195252
don't listen to this retard

>>22195257
there no doubt its going down some more tomorrow. the question is does the dip have legs

>>22194063

A million dollar sale is (just about) enough that people will take note of it in the level 2 data especially on comparatively smaller companies. You know what he meant

Europe going green.
This was a dip

>>22195257
>not buying 5% dips
It's impossible to not buy on days like these even if a little.

>>22195257
>falling for the bull trap

Buying NVDA at open today lads

>>22194325
Its crazy times. Im only keeping my reits for now. I am out until the dip.

>>22195257
>vix is dying
Bro, shut up.

>>22195332
Good choice. I'm on the fence with NVDA at these prices. I've never seen more enthusiasm for a GPU series but the stock price is very high.

>>22195263
N-no

>>22195284
thats not exactly true either, because any extra funds to dump into TQQQ into the dips only skyrocket into more gains when the line goes back up

i can smell all the virgins here sperging out about their 4 figure accounts lmao kys my man

>>22195351
Based anon

>>22195112
Markets care about uncertainty, if they think an incumbent president is going to lose then that creates uncertainty which correlates with a downward market trend. Historically this holds true. QE will continue regardless however.

>>22195121
I don't doubt they are going to try and rush out a vaccine for perhaps the most over exaggerated sickness we've ever seen. I wouldn't even be surprised if the entire corona thing was completely forgotten about after November regardless of election outcome - along with BLM and the riots too.

>>22194663
>Immigration
>Diversity
>Globalization
>Women in the workplace
ITS TIME TO STOP!

>>22195356
How much did you lose anon?

>>22193642
Yes

>>22194176
knee pads

>>22194890
Buy SPY and QQQ and sell far OTM covered calls.

>>22195352
Assuming you can consistently identify every dip, and don't run out of cash.

>>22195284
In a way but that's also like saying buying a call is a bet against implied volatility. Sure, yet in both that and the TQQQ instance, assuming you get the direction right, the price of the underlying has a much stronger effect on the derivative's price than volatility detracts from it

>>22195350
Well they are also positioned for AI and I believe they do server stuff as well, on top of their GPU offerings which are downright impressive. Id be happy to hold NVDA for 5+ years.

>>22195420
it doesnt seem too difficult, i mean we all identified today, anyone identified march at some point. its not tough when the market is mostly green. and i have a job so that's not too difficult. you dont even need to identify all dips, just some of them

in case things keep going down leading into the weekend, is hedging tqqq/fngu with sqqq/fngs not a bad idea so i don't have to realize even bigger red numbers? then just sell off the shorts and put back into the bulls?

>>22195435
Yeah but I think 30XX will show up in earnings results going forward more for the immediate next year.

Is this mental illness bullish?

>>22194322
i’m always too soon

>>22195461
I'm fine with whenever they show up, it's a long term hold for me, I think there's still lots of upside and tech in general will continue to drive the market for some time.

>>22195475
>white
ah yes, white when it's convenient, a minority when it isn't

>>22195456
Or sell covered calls on green days and buy back on red days. Then you don't even need to guess.

Futures are only down 1% is that really that bad?

>>22195591
surely they wouldn't have paid for the loses today, right?

And wouldn't red days be good for covered calls? more likely to expire, right?

>>22193616
Yes only if it starts reversing tomorrow

Why do I even try, even my panic selling strategy works better than iron hands. A few weeks of iron hands and all those gains get btfo'd in a single day. A SINGLE DAY AND I LOST LIKE 2 WEEKS WORTH OF GAINS. How do I accept I'm going to be stuck as a wageslave for likely the majority remainder of my life? Not sure what to do with my money now besides throwing it in the bank. Might look into some business ideas but only have 1 at the moment and it's not very profitable.

CLSK bros, the $7 meme wasnt a meme...

>>22195647
do you buy the dip

I'm going to try to go to bed. Hopefully I can sleep tonight

>>22195456
I mean, if you're saying that you can consistently predict and time the market, there's no argument against that and you should absolutely go all in TQQQ.

>VIX is dying guys, golden bull run continues!!!
>Still up over 25% on the day

>>22195647
you know you've been here too long when you say holding for a few weeks is iron hands

>>22195475
Why would she not want the privileges of whiteness? Does this prove that black privilege is the only privilege?

>>22195705
but i just said you dont need to time the market at all. timing the market would be predicting the dip, pulling it all out, then buying the bottom. in reality you just buy and hold, and DCA when it goes red if you have the cash. thats the same strategy for any set and forget strategy, it just happens that TQQQ has bigger returns if you assume fagman is going to continue growing. thats the only difference. thats the point im trying to make
>>22195591
ill have to accumulate for a while to get 100 shares of TQQQ unless it really explodes downwards. which i pray for

>>22195723
Stock was moving shakily but upwards. Rather than panic selling I kept holding through the fidgety movement. Only to be at square one.

>>22195688
Make sure you set your alarm clock if you don't have loss stops :^)

>>22195602
Considering we've been only down 5% the whole day and you see a sea of red, what do you think?

>>22195767
Is it on margin? No? Keep holding. Unless it's some truly shit bags you shouldn't have bought in the first place.

>>22193595

GOOOOOOOOOOOOOODDDD MORNING (BIZ)IETNAM!

YOUR FELLOW GERMAN AWAKE GREETING Y'ALL

I HOPE YA FAGGETS HAD A NICE WEDNESDAY

>>22195814
What good are futures then if 1% means the sky is falling?

>>22195845
It gives an indication that sky is falling so you can get out? Government also likes to shit out bad news at Friday afternoon for long weekend.

>>22193661
No, thanks. I'm not a skinnyfat faggot

>>22195882
Ok but if futures are only down 1% is the sky really falling?

s-spy 350 eod t-tomorrow.. haha... ha.....

make a new thread.

I'm down about 15%.

Would it be better to sell now and wait for this to dip further, or simply hold. Thoughts? Seems like it would be better to just take the loss now, wait for it to dip more and reinvest.

>>22195920
No, the sky is falling when futures limit down

>>22195263
Most brokers give you provisional bp when you deposit

>>22195755
I think you underestimate the risk of TQQQ significantly falling and then staying (relatively) low for years.
Perhaps even going to zero. A 33% fall in the NASDAQ 100 from these levels isn't out of the question.

How many days without suicidal thoughts have you completed?

>>22195988
0

>>22193595


NEW >>22195993
NEW >>22195993

>>22195985
circuit breakers exist to prevent almost that exact situation

>>22195964
and if tomorrow it goes green and you recover close to the 15% this is temporary, where the fuck else are that gonna put their money. hold or liquidate everything and stop playing the game

>>22195637
You sell calls on green days for the highest premiums, then on a red day you can buy them back for less.

>>22196024
Not saying it'd happen in 1 day, but over a month or two.
Would you sell you TQQQ along the way and eat the loss?

>>22195964
Im down 40% my dude, at this point I need a second crash to happen.

>>22195964
Sell?

>>22195820
Most of my portfolio is Apple shares.

>>22196033
But the shares you're holding would be down as well.

>>22195964
You should sell. Holding while having no stop loss is gambling. If it goes down another 15% tomorrow, you're going to regret not selling earlier.

>>22196234
Then you're fine. Stop looking at your app for a year and come back later, and don't fucking sell. This is coming from someone who has been holding NVDA since 2018, this dip barely even made a blip on my portfolio.

>TSM down 1.6%
SOXL might be saved

What if I just like never sell my stocks?

>>22196436
Then you can never lose! You've found the prefect strategy, thanks, I'm gonna start using it now.

Did anyone see the redhead in black Bloomberg had on earlier? Who kept talking about pain in front of a red screen?