/biz/ - Business & Finance

>>22708507
That gif lol. Is there one with audio?

>>22706698
I honestly cant say for sure but since tech has already peaked and seems to be in an overall downtrend it MIGHT be a red flag of things to come.

For example I cashed out like 2 weeks ago. Had I cashed out sooner Id be up 10k on apple....instead I got a small gain only to lose to lose it on apple leaps (long dated buy calls) which wouldve been bigger losses if i held until now.

About 90% of my account is cash except for some various calls on REITs, GME, and some other meme stock.

Up to you really I want to see the market at least flatline for a bit. Right now it swings hard up and hard down showing no signs of stability. Even if it flatlines it could do what, iirc, happened in 2008 where it flat lines and ends up dumping big a few weeks/months later.

So if you're indecisive my advice is to
>pick the stocks you trust the least in maintaining value and sell them
If you're not at least 70% cash them do this next
>pick the remaining stocks you have and save the top 3, sell them
Still not 70% cash?
>of the top 3 cut each position in half
Hopefully you're at 70% cash by now cause otherwise you might as well go full cash at this point lol

WKHS
GME
NAK
TQQQ

RISE UP GAMERS

>>22709638
You should put twinks at the top. Those 3 guys look like the types who'd have sex with themselves if they had clones.

>>22709621
Don’t go for super high yields, ideally you want somewhere between 2 and 4.5%. Too high of a div yield can mean payout issues, declining stock price or dying company trying to get people to buy stock

>>22709621
TSM
growth stock with 2% div yield. Growth was similar to MSFT and similar tech stocks.

Savanon, update us on SAVA & GALT

>>22709638
Man I don’t even know what the fuck what I want

If stocks go up I make money that’s good.

If they crash I get to get in early and we have a rally like in March

big if true

Is it time to accept losses and go all cash?

>>22709686
true if big

>>22709695
ya cash goes up every year

G.
M.
E.

Peaks at $30 and you sell the peak, how much did you gain?

http://www.strawpoll.me/20980192

Why is this so common among biotech companies, even when they're conducting phase 3 studies?

>>22709695
Post stocks

During the tech pump I made over 200k and proceeded to piss it all away in less than 3 weeks. I’ve tasted human shit. Goodnight everyone..

>>22709703
idk how to calculate that because options prices seem pretty random to me

>>22709686
>>22709698
I'm ready

>>22709708
Appl
TSLA
Slv
Tqqq

>>22709716
Obviously doesn't give an 100% accurate answer, but a decent ball park
https://www.optionsprofitcalculator.com/

>>22709705
Lots of reverse splits, many such cases

>>22709705
>zero revenue until FDA approval
>FDA approval is lengthy and costly at nearly every step
>no clear customer base or scalability capabilities
>at every step insiders or big money can sense the direction and swoop in at exactly the key moments before its ever close to a press release
Biopennies are landmines and should be avoided at all costs. The mid and large cap biotech firms are basically the great collectors of what few ever make it through the many filters.

Is it time to cash out?

>>22709705
Too add it messes with the stock chart as well. For example apple used to be $300. Look at the chart now a year ago. Price is like $75. Quite deceiving imo

>>22709753
>at every step insiders or big money can sense the direction and swoop in at exactly the key moments before its ever close to a press release
So I can lose money even if the drug pans out?

>>22709760
Albeit this is with a regular split (price looks lower in the past than it really was for 1 whole share at that date eg 1 2019 apple share is equivalent to 4 apple shares). A reverse split does what is seen on your chart >>22709705 instead.

Is book value anything to go by these days?

>>22709695
>panic selling after a couple red weeks
Jesus fucking Christ, yes please liquidate your stocks, people who lack testicular fortitude shouldn’t be investing in the first place

FUTURES ARE RED FUCKKKKKKK

>>22709703
so many 1-2500... and i thought i was poor

>>22709698
If true, big

>>22709768
You would need to be able to exactly time it. Even if they "make it" and pan out, the massive shares issued in the interim will be very unlikely to give you the big gains you think you might get
This is just the state of biotech. Offshoots of university projects and will always sound AMAZING about what they hope to do. Routinely, like 99% disappointments. It's sad but it is THE rookie mistake. They are also routinely pump and dump targets because of really shitty volume.
There is usually at least one pet biomeme rattling around in /smg/ until the inevitable dump. I think the last one was KTOV
There will be a new one.

>Rule 201 – Short Sale Price Test Circuit Breaker. Rule 201 generally requires trading centers to establish, maintain, and enforce written policies and procedures that are reasonably designed to prevent the execution or display of a short sale at an impermissible price when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. Once the circuit breaker in Rule 201 has been triggered, the price test restriction will apply to short sale orders in that security for the remainder of the day and the following day, unless an exception applies.
if the market dump fucks up the GME spike tomorrow, we at least can't blame short sellers that time.

Market is rigged to go up, and if we still can't get a squeeze, then the only hope left will be a tender offer. I mean we'll all exit with a profit by Q3/Q4, but GME $100 not gonna happen..

>>22709813
Thanks for the writeup anon.

>>22709638
Should I buy sony? It seems Sony always wins but their stock looks concerning

>the great reset shilling
>muh 1929 stock market crash
>cash gang
Yep, this is the bottom.

>>22709818
is it actually happening so if it goes up to like 11 or 12 tomorrow because cohen

and then the shorts panic when theyre able to trade again on friday and squeezerino

is that the plan

>is this the bottom?
>is it time to cash out?
>time to cash out
>im going all cash
time to buy

>>22709885
Might be for a bit. I generally use the "boomers rambling about masks and lockdowns in /smg/" as my sell indicator. That and retards buying calls or drawing memelines on TQQQ

>>22709647
nah sry

>>22709674
I was talking with another anon bout this the other day and he mentioned UPS which looks like it still has a lot of room to grow and yield is 2.53% so it seems good. However my main problem is I’m not gonna DCA so I won’t really get much compound interest or really none at all
>>22709676
I had TSM for a bit I didn’t like the crab personally

>>22709859
Yea I have Sony, good international exposure with low p/e

FALL STARS TUESDAY MORNING

SHLL bros, i sold a naked put for 46.5. If i get filled during the battery day dump that it looks like we're getting, what's the price target for the merger?

>>22709811
eurt fi gib

Question frens. Anyone else getting tired of trying to financially make it through stocks?

I cant pull off any great moves and when I do I either
>make a bad trade go back to breakeven
>hold too long and am back at break even

Really wanted to make it to free my family from wageslavery and so I wouldn't need to get a job (unemployed, hard time getting a job). Yet here I sit with about the same account value as in late July. Want to throw in the towel and walkaway but I can't I want to help them. I can't stand most people. To my face they may act polite but if i say anything not in line with their beliefs they'll likely get me in trouble in the workplace or ostracize me in a classroom (not in college anymore but a lot of them are peak msm zombies). I just want to get rich enough that I can buy a plot of land in the wilderness and not be bothered by normies anymore. I want to be able to give my parents and siblings the opportunity to also escape this. But it's just become too difficult. I only have 1 or 2 gambits left outside of stocks that could lead me to a quick retirement but
>first one requires lots of time and effort (would probably take me another year if i work on it at least 2 hour a day) which I've done little of since March due to getting involved in stocks
>second one requires large amoints of capital

I'm at the edge of my rope. I can't pull myself up the cliff's edge and below me is a horde of normie's waitng to consume me.

>>22709999
Literally all you had to do is buy and stock and turn off the screen. You are literally a retard I’m sorry.

Oh no im poor now !

>>22709705
The company dilutes or sell shares to raise capital. The company does this because they have no revenue.

>>22709985
Colossal if factual

>>22709999
Don’t play the options market anon. Buy good stocks and hold

So, say there’s another so-called “crash,” what’s to stop me buying that sweet, sweet dip?

down we go again AAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

You can get 2021 JAN23 $2 calls on NAK for like .60 per fuckin contract. (Low volume that far out, so limit order, PLEASE.)
Why would you not park some money in there for a year and see what happens?

>>22710070
a bigger crash

>>22710021
>>22710067
Depends on what I would've picked. Had I gone all in and held stocks Id probably be at the same point I am now almost a 2x (cause some stocks were higher than they are now back in march and april)

>>22710101
Oh god my eyes are anuses

>>22710096
It’s ok fren. I’ll catch you.

>>22710117

Anon, we are gonna make it. Let’s make food decisions together. Eat right and exercise too. We can do it .

>>22710096
this is a top tier pepe

> wake up daily at 9:30 EDT
> play reruns of mad money
> get big cup of coffee
> snort half gram of coke
> 'alexa play enter sandman'
> 9:40, up 20%, o fuck yeah
> smoke a parliament light, halfway through check my phone
> 9:45 -30%
> 9:50 go to bed

To TQQQ or not to TQQQ? That is the question.

>>22710101
roll

>>22710101
roll

>>22710059
All of us know what is truly the key G-M-E
Destroying all shorts all over the seas G-M-E
They want it go bankrupt, that is there wish G-M-E
They won't get their way as they soon will see G-M-E
G-M-E
G-M-E
GME

Man I don’t even know what the fuck what I want

If stocks go up I make money that’s good.

If they crash I get to get in early and we have a rally like in March

>>22710101
Aaaaaaaa

>>22710101
Yeah bc at that point why wouldn't you just buy 100 shares lol of course they're only 60 cents each that's over half the stock price

>>22709373
>TFSA is OP and I hope it doesn't get nerfed
TFSA is one of the few bits of policy the Canadian government has managed to pass in the last twenty years. Nerfing it further than it already is would be extremely politically unpopular and would, rightly, be called an attack on the middle and lower classes. The only change I want on the TFSA is clear rules about what kind of trading within it is legal and what the CRA considers a violation therefore taxable. Currently they do it all willy nilly going after people who have been too successful in their view. That means nobody fucking knows if or when the tax man will teleport behind you to demand a cut of your action. At best it's a guess based on dollar amount. Like they rarely go after anyone with less than 500k in gains. 250k bare minimum.

>>22709902
Mega based

Bagholding Amazon at 3353.00. Save me bezos

>>22710180
COSMIC CAUSED BY CERTITUDE

>>22710227

If you're thinking straight underlying gains then actually yes, 100 shares of NAK will out perform 1 call option. However increasing IV and time value would increase price even further.
learn greeks thanks

>>22710117
If you buy anything but msft amazon and aapl you are retarded

>>22710101
Roll

How big or smol are your portfolios anons?

http://www.strawpoll.me/20981061

>>22709985
B
iF trUe
G

>>22710335
Don’t laugh I just found about stocks. God why couldn’t my gay parents show me

any thoughts on panasonic ?

My SOXL average is $252. I miss the constant steady upwards movement.

>>22710351
What's their main thing these days? Televisions?

>>22710335
bunch of larpers. With 1M+ you could literally live on dividends and would have no need to be here

>>22710359
Shitty Double A batteries.

>>22710359
Batteries supposedly

>>22709716
https://www.optionsprofitcalculator.com/calculator/long-call.html

Here Fren.

>>22710361
Investing is fun retard.

>>22710377
EV

>>22710361
Some of us want generational wealth for our families, not living under middle class and enslaved to stagnant companies.

I always had a premonition that some shit would go down during the Autumn Equinox

And here we are

Think about it: There's no normies left to dump on. The stock market has for some reason risen to before pre-pandemic levels. They dump, everyone panic sells, boom a lower bottom to reinvest in. Then the normies reinvest, the top is reached, boom, dump again. It's like clockwork. It's not a question of if but when.

Have your stop losses ready.

>>22710377
>>22710370
Oh right right. I am degenerate vape user and do occasionally use their 18650 lions for that. They're fine in that regard. Not best not worst. LG and Samsung are best for 18650s.

>>22710421
Don't you doomsday faggots ever get tired?

>>22710421
>There's no normies to dump on
Are you kidding? Everyone and their mother is getting in the game these days.

>>22710236
look at all the rules they added on to the RRSP since it's inception. The TFSA will not stay in its current form 10-20yrs from now. They will make small changes that most people will be like 'oh well gotta fund more reconciliation payments'. The change to the TFSA could be as innocuous as the first $5k withdrawn is tax free but the rest is added to your income.

>>22710411
Plz don’t have kids

>>22710438
Every day is doomsday anon

>spending some gains at my local strip club

>>22710447
>The change to the TFSA could be as innocuous as the first $5k withdrawn is tax free but the rest is added to your income.
That isn't subtle.

>>22710350
how old are you

>>22710459
>Covid strip club
>Lapdance requires six feet of distance

>>22710475
I HATE MY PARENTS

>>22710478
kek

>>22710136
Wish I had a Christian gf like that. Unlikely for me to have a wife. So I'd like to at least give my family a comfy life before the after life compared to all this stress.

Is it wise to buy more GME premarket?

>>22710313
Yeah Greeks don't really mean shit when you need a 60% gain to breakeven and if you get super lucky you'll make $100 net if it hits ATH in the next year.

>>22709686
What's this shitty and forced meme?

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH STOP IT

>>22710469
sure but you get my point. Plus its a Tax Free Savings Account not a Tax Free Withdrawls Account
Right now withdrawls are not counted in income. You see this continuing as millions accumulate in them over the next 20-25 years? Thus, does not affect your government income tested benefits like oas and gis

>>22710522
Don't listen to the gme faggots
Block every gme shill
GME is for redditors and anal prove twinks that will die broke and with anal cancer

>>22710478

>>22710605
You sound upset

I ran some tests on my supercomputer and came to the conclusion that the BEST stocks to buy right now are
>ATVI
>UNH
>MSFT
>GOLD
>LOW
These are all
>EPS growth past 5 and forward 5 at least 10%
>pay a dividend
>current and fwd pe’s under 35
>under 3 PEG
>large cap or bigger
Prove me wrong

>>22710605
>block their 4chan account so they can't downboat your posts!!!!1!

>>22710356
SOXL chads rise up, we will have our time again

Chance we're getting another negative 1-3% tomorrow? Place your bets.

My guess on the downtrend.

All hedges on deflation, dxy, lack of liquidity & overvalued stocks.

Fully expect a gargantuan dip soon until losedaq is at around 9k.

Then it will counteracted by the Stimulus & Vaccine in Nov-Dec. Nasdaq will reach 12k by then as inflation worries start creeping up. Would start accumulating assets after the "Big Dip"

Election season not helping either.

>>22710522
>wise
can't guarantee that, but I'm bullish as fuck since Ryan's filing

>>22710440
I mean they have already entered the market so there's no normies left to possibly dump on. Or maybe they're taking a more prolonged approach. The bastards

>>22710685
50%

YAMEROOOOOO

>>22710605
Buy GME faggot

Who else is ready to hold through the crash hahaha

>>22710605
once reddit is in GME its time to sell

>>22709686
>>22709698
>>22709985
>>22710059
>>22710180
>>22710339
>>22710761
Cheers to the big true brothers!

>>22710688
>Would start accumulating assets after the "Big Dip"
You mean physical items right? Cause in the case of an actual collapse owning these shares means nothing, the company can walk off to another country claim to be private, and likely gwt away with even though it is supposedly "owned by shareholders" (money printers so to speak).

**Magical Winker Crayons TA.**

As I mentioned [last week](https://www.reddit.com/r/Winkerpack/comments/iv21r0/daily_discussion_thread_for_september_18_2020/g5q1mu0/)), crayons pointed to 325.x as a zone the market was heading towards and that it was also a decent spot to start loading back in. While the sell-off in the morning looked alarming from any metric, I think it was justified from a gap-down and weak hands bailing to continue a sell-off. The important price from my perspective was that [the 322.5 support was defended (yellow line)](https://imgur.com/zV5Kwwu)), as it is the last major support before a huge drop to the 310s (orange).

Indicators suggest that there is still ample buying room before things get frothy again. From the perspective of /ES I would be watching how long it takes to get to 3328, and on SPY, to see if there's appetite to fully back-fill up to 330.6. While the overall trend is bullish and short-term sentiment is neutral to good with bullish divergences, I would still play cautiously as this has been one of the longer and more volatile price movements on any of the recent drops, suggesting that reaching the previous highs may not be as straightforward as previous. But again, in simple terms: the 325.x ranges were an objective zone to play a bounce. Indicators are not on the bear's side short-term because of the sell-off the market has been going through, but for now, they would want to see rejection at about 328.8 and 322.5 taken out cleanly on the next downturn. If 322.5 goes, I would watch for the next support at about 318.6, then a swing down to something in the 313.x range which would be the next clear battlezone.

As I post this, PJs are making a push to 3280

>>22710887
I meant equities, real estate, PM'S and Crypto.

I don't believe there will be a crash, but another 10% down is to be expected without stimulus. Correlates well with election season coming up.

Deflation...
https://fred.stlouisfed.org/series/M2V

Need stimulus soon

So crayons pointed to 325.x as a zone the market was heading towards and that it was also a decent spot to start loading back in. While the sell-off in the morning looked alarming from any metric, I think it was justified from a gap-down and weak hands bailing to continue a sell-off. The important price from my perspective was that 322.8 was defended, as it is the last major support before a huge drop to the 310s.

Indicators suggest that there is still ample buying room before things get frothy again. From the perspective of /ES I would be watching how long it takes to get to 3328, and on SPY, to see if there's appetite to fully back-fill up to 330.6. While the overall trend is bullish and short-term sentiment is neutral to good with bullish divergences, I would still play cautiously as this has been one of the longer and more volatile price movements on any of the recent drops, suggesting that reaching the previous highs may not be as straightforward as previous. But again, in simple terms: the 325.x ranges were an objective zone to play a bounce. Indicators are not on the bear's side short-term because of the sell-off the market has been going through, but for now, they would want to see rejection at about 328.8 and 322.5 taken out cleanly on the next downturn. If 322.5 goes, I would watch for the next support at about 318.6, then a swing down to something in the 313.x range which would be the next clear battlezone.

PJs resuming hard push for 3280 currently

>>22710969
We're only going down. I was thinking, maybe a price correction around early September, but the trend is your friend....that trend is down down down. Sqqq, UVXY....

Trade carefully friend.

>futures are edging up again.
This crab game is killing me.
>>22710969
Dude, don't get too specific with the numbers Tech is propping up the indexes right now. If tech goes the indexes go. There was never a real recovery in the non-tech segments of the market.

buy more WKHS? it's gonna go up again right?

>>22710886
cheers to gme folk

>>22710989
Naive to claim any definitive direction currently.

>>22710995
Majority of market movement happens overnight when algos are king. Numbers matter in this sense.

>>22710995
AAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHH YOU SPOKE TOO SOON WE'RE CRASHING THROUGH THE FLOOR TO THE CENTER OT HE EEARTH

>>22710989
I thought that way in march.Was buttfucked for holding and selling sqqq but was a good lesson cause as soon my sqqq fell to $14 I sold I started buying shit like appl and tsla

>>22711002
I'm not gonna answer you but I am gonna tell you a sad story. I had 20k worth of workhorse @8.50 that I sold for a 3k loss.

>>22711061
Wow imagine if you held you would of been up 60k+

>>22709902

The "all cash" gang is just too much. I can't believe they're still posting after being BTFO almost every week.

>>22711089
Yes, I know. That's the sad part.

Welp, after on and off trading with 50 bucks over the past year I’m down to about 40. Bought 3 stocks in game stop. Let’s see if listening to /smg/ works, haven’t been able to before because y’all always trade that expensive shit or I check the thread a few days after the sauce hits.

>>22709999

ocassionaly I don't feel like dealing with the market. that's when I park my money in index funds. I don't think you can "make it through stocks" I think you make it by getting a good job and investing every month. If you take on high risk in order to chase high returns you're gonna get burned.

>>22710605
>GME is reddit play
https://www.reddit.com/r/wallstreetbets/comments/ixfy5m/more_gme_good_news_ryan_cohen_wants_to_turn/
>"Compete with Amazon"
>"market cap 500 million vs 1.5 trillion"
>good luck with that.

>Is this an Onion article?

>GME’s business model is dead. The new consoles are phasing out disk-trays, they’re testing to see if the consumer is okay with 100% digital downloads. Who the FUCK is investing in GME, makes Zero sense.

Reddit ain't gonna FOMO in until we hit $20
>>22710835
this anon gets it

i lost a grand today on options wtf

>>22709638
What are the are the chances we will tqqq sub 100 tomorrow or at least this week

>>22711060
Difference between March & Now is night and day.

Stimulus money caused momentary inflation and that fuel helped lift the markets up and dxy down.

Dxy isn't going down anymore anon. It's starting to go back up. Velocity of money has slowed down and without that, it means deflation takes hold and dxy gets stronger.

Coupled with overvalued stocks...not a good recipe.

Stimulus will fix this momentarily.

I am now 25% cash. :)

>>22709786
>Proceeds to baghold for 36 years after the slow bleed and the incoming big crash

>>22711219
There’s always a bigger retard

I bought 5k in ATM TQQQ calls literally the day before we corrected in early September

>>22710070
The fact that stocks don't only go up.

>>22711277
i thought i was retarded for buying the top
and i am
but at least i can iron fist until the circuit breaker

Gold below 1900

>>22711226
Those funds tend to rebalance daily to try and contain damage or maximize returns. Hence multiple red days will in theory have diminishing returns. Tough to say, if we have another big sell off tomorrow it’s gonna be bad.

>>22710421
It's going to be a slow bleed until we reach the bottom in 2-3 years at best, not epic pump and dumps like this year. People will get burned "buying the dips" when they stop being dips and become mini dead cat bounces. Then, the same people that tried to catch a falling knife, won't have enough money to buy the stocks "cheap" (with HIGH risk of bankruptcy), or lose so much money on the way down, that not even the X10 and X15 will give back the money they invested initially.

>>22711247
Might wanna up that soon. I'm not getting completely back in until we're either 3000 SPX or at 3450 again and I just missed the run. Most shit I've left in the market is bleeding.

>>22711303
Yeah derivatives are punishment

>>22711305
fug. usd up too

idk boys

>>22711226
I hope so my sqqq calls at shit yesterday

>>22711339
If the second lockdown happens (some countries will do it) the job losses will be massive. People won't have money to "buy the dip". It's not as easy as "just buy Amazon at 30$ lol". First, you need a good quantity of money ready and a job to be able to eat without selling stocks. Second you need that company to NOT collapse, dillute shares or go bankrupt, and pray.

Gonna sleep well tonight. See you faggots in six hours.

>>22709999
Sorry fren but you only "make it" by playing the crypto casino like a gambling addict. "Making it" via stocks involves either latching onto retard meme stocks like GME, TSLA (months ago), TUP back in March, or other such nonsense.

Otherwise it's just a slow and steady march to prosperity, where by limiting risk you are going to, by nature, be making less gains, but achieving long term growth.

Sorry fren, just being honest. You should wage slave and just throw it all into SPY or something so you can retire about 10-20 years early. If you ever get enough cash, maybe play around with options to play the lotto a little, but by and large slow and steady is what wins the race in this game.

daily reminder that qqq hit double bullish divergence, the drop is over, maybe slightly red or crabbish today and back up we go, but we will crab until election thats fo sho

>>22711551
Take your gay line analysis and shove it up your ass.

>>22711513
bs, i know so many people who've went from $500 to $80k to $3k and all are now in stocks because it isnt just based on luck therefore is more predictable, the problem with crypto pnd's is that the urge to gamble with 50-80% of capital is to much to handle when the possible profit is a lambo

stinky poopie

>>22709999
If people could get rich from stocks in 2 years starting with low quantities of money then nobody would work at all.
Don't be blinded with Wall Street bets with amazing gains. First, for every one of those that show their amazing results, a couple of them suicide because they lost it all, and the rest just keeps gambling. Know what happens to those with amazing gains? They end up losing it all because they just gambled and got lucky, and don't know what to do with that money.

Read good stock related books, focus on NOT losing money, diversify your risk (more money on safe companies, and like 2-3k in risky opportunities).

The secret to get rich, is investing with the idea that you are investing for the next generations of your family. That what, you won't make retarded bets.

Winning 10% of 10.000$ is just 1.000$, but if you manage to win 10% per year, while adding money, that's a lot of money in 30-40 years.

>>22711582
someone ate some losses i see, anyway this drop is getting really weak

>>22711604
this, compounding interest is what separates the j's from the k's, $500 with 10%/mo becomes 152k in 5 years

>>22711649
and 10%/mo is doable, ive seen some guys make 40-75%/mo for 8 years straight without any yolo plays

>>22710335
Damn smol senpai, but it's whatever, I got myself into the stock market telling myself the best way to learn is to get some skin in the game, and I'm starting to pick things up fast. Down almost 2.5% so far, partly because I got in just before the August downturn, but also because I'm still learning and making dumb mistakes like bagholding popular stocks instead of just taking money and walking away during an obvious downturn. Also learning to take advantage of options and incorporate them into a better long term strategy, mostly to get value stocks for even better prices via selling puts.

Lost a couple bucks, but hey, people pay way more money to learn finance from kikes in school, I figure.

>>22711604
>>22711649
barbell portfolio my niggas
WSB is just retarded because they can't into position sizing

EUROPE GREEN

>>22711649
Yes, compounding interest is boring, but the only way to get rich and maintain it. If someone manages to win a fuckton of money in a short amount of time, it's most likely because he's open to "all in", which is fun while it lasts.

It doesn't matter if you get 70% gains in one year, if you end up losing 50% in the next year.

>>22711649
10% per month??????

what stock is this??????

>>22711598
I think we're saying the same thing in different ways, fren. Most people say "make it" to mean financial freedom and independence, and I'm just saying you realistically are not likely to achieve that via crypto, because yeah like you say it's too based on luck.

Truthfully I've thought about just throwing the odd benjamin into random crypto to see if I could get a better starter egg for my stock account but it is unironically just playing the lotto, and I'd rather try to multiply that $100 in the slow and steady sort of way.

>>22711691
with ZIRP and inflation targeting above 2% there's no way you're getting rich on "compound interest" unless you have access to institutional high yield products

>>22711665
that's of course done by day trading not investing, you can pull 250-500%/yr with investing, but the chances are really slim and it takes a lot of experience/knowledge/mkt conditions to pull if off

>>22711711
there are some many stocks that pulled 100-250% this year, oddly enough, almost none of them got shilled here

i have finally sold my xspa bags at 65% loss. what should i buy to get back my money? or should i just wait for the inevitable crash and buy the dip?

>tfw running out of money to invest even though everything I predicted is going up

You at least did buy the dip right?

Explain something to me, I feel like I am being retarded..

A lot of people chase dividends on their stocks/bonds so they can retire and live off the income from dividends, right? This forbes article lists a portfolio that claims to have an 8.9% dividend.

https://www.forbes.com/sites/michaelfoster/2020/07/14/this-5-fund-portfolio-pays-a-monthly-89-dividend/#64bc359d6d04

But when I take a look at these funds that are listed here, they are all in the red and down-trending over the last 5 years. So do the dividends offset the capital loss? These are close-ended funds so maybe they behave differently to what I am used to. I don't get it.
Personally, I am in growth stocks and crypto now but I am considering what to do when I actually do get upwards of 100k balance. Seems like this article is bullshitting me because if it was that easy, everyone would be doing it, right? Dividend income just seems like a meme. Is there a real way to do it?

>>22711691
exactly, risk mgmt is numbero uno
>>22711713
with every trade you gain a small crumb of knowledge, it takes time, because essentially you are learning to gain a license to print money

>>22711757
>TUP (measure from March)
>SAM
What are some other goofy ones I don't know about senpai

>>22711714
we're not talking about dividend yields, but profit on capital from investing/swing/intraday

>>22711714
You don't exactly win 10% every year with compound interest. I bought AMD at 2$ 4 years ago and made like 1500% gains. Bought Tesla, Netflix, Nvidia and a couple more and I'm sitting now on like 53k. (Corona crash fucked me, I got 50% gains in January and got absolutely rekt on the crash. Will I keep those incredible gains year over year? No. There will be times when the market is downtrend (like this IMO) and you can't really make money without the danger of a sudden crash. So some years you win a crazy amount, some years you win a 3%, some years you lose a 15%...It's the long-term average which matters.

>>22711794
people just hope that the equities/funds they hold won't drop too much when they decide to cash out, it's just diversification, divvie stocks tend be less risky mkt leaders with limited upside, basically a parking lot for a % of capital. also you need a lot more than 100k to live off divvies.

My dad and I (who work there) just bought a couple of millions of shares of EURN , I can"t say anything more, even if I am on VPN

>>22711811
from March, but they still would pump even without the rona pump, FTCH, 7>30, KMDA 4>11, GNRC 80>180, GRWG 3>17, lots of miners etc, big poppa memes like SHOP, MELI and all the peripherals

>>22711815
enjoy paying 40% short term capital gains on your small swing trading

>>22711826
that's not compound interest. That's buying and hodling the market like the rest of us

>>22711858

well, yeah. I am not gonna stop at 100k but I may start to diversify a bit and dividends do seem nice to get. I can let that start compounding. I just wonder if it will be pointless because the dividends won't outweigh the falling price.

>>22711867
I should probably feel sorry for you tankies

>>22711916
>enjoy paying 40% short term capital gains on your small swing trading
whatever, ngmi
>that's not compound interest
wikipedia/investopedia>search>compound interest>seethe

>>22711236
I agree with you anon. I'll watch the trend

>>22711945
holding an appreciating equity asset is not compounding interest you absolute mong.
you might have an argument with DRIP, but divvies generally under-perform

>>22711929
Nah man
>prices go up
good for tanker
>prices go down
good for tanker
KEK

>market crashes in March
>TIME TO SELL LOW
>markets start recovering
>TIME TO HIDE
>markets go up 100% in a few months
>TIME TO BUY HIGH
>healthy 10% correction
>TIME TO SELL LOW
/smg/ will never cease to amaze me

>>22711904
SHOP and MELI might still be worth it as long term holds. Not so sure about many of the smaller companes - especially in tech.

>>22712018
How many people actually believe in a crash and how many are kidding?

>>22712003
Jfc, you buy a stock, gain a %, sell, repeat. A gain on capital/fixed timeframe. Still not compound interest? I'm not just talking about an increasing unrealized profit.

Will Oil and Gas ever recover?

>>22712018
You actually think this is just a dip? kek

>>22712054
maybe, don't know, wouldn't buy any of them at current prices, maybe just kmda

>>22711686
It’ll be even better when we take a fat red shit on them

Is Pfizer gonna take the win in the vaccine race?

>>22712068
look at the 2001 and 2008 recession an then look at the march crash. We are halfway through. This recession is nowhere near done. The recovery will last at least 2 or 3 years

>>22712079
this strategy will get reamed on taxes
-15% every "compound" if you've been holding for a year or more and -40% otherwise
that's also assuming you can time the market and both hit max gain and avoid big drawdowns

>>22712141
What makes you think 2000 and 2008 are the same as now? 2000 was a bubble where the nasdump was trading at 200 p/e, 2008 was a credit crisis, 2020 was FUD due to a “pandemic” that turned out to be a giant nothingburger.

>>22712175
>taxes
not where i live, 20% on all capital gains
>that's also assuming you can time the market
its not that hard, just look at past 10 years, most of the strong names recoupled fast, because the drops were just corrections not fundamental changes in trend, yeah you will get fucked up sometimes, but you always need a plan for situations like that

I hate my mining stocks so much. I fell for the safe haven meme.

>>22712110
MELI seems like a safe bet to continue expanding & dominate eCommerce in South America. There could be a short term correction, but long term it will continue to rise.
I guess SHOP is a bit more of a gamble.
Generally speaking though, I prefer betting on an already winning horse rather than one that might start to at some point in the future.

>>22709999
stop daytrading. I bought a goldstock in may and gained 100% in 3months. why are you such a fucking retard anon? Now the markets will dump again. everything will dump. wait for absolute panic. then buy a ridiculously cheap godlstock. winrar. Stop being such a cringy noob

>>22712215
during crashes they dump because of deleveraging, hedgies sell to meet margin calls etc, they usually recover fast, buying pm's etc during a crash is like catching a falling knife, sometimes it works but most of the times it fails

Please shill me something to hold long term, im 23, have 35k in cash and nothing Much to lose

>>22712255

>>22710101
Rolling for 48

>>22712141
Yep

>>22712255
Airbus should be 100% up in 2-3 Year.

>>22712280
Hory shit I'm going to the next plane of existence. I always new it would be

>>22712183
>2020 was FUD due to a “pandemic” that turned out to be a giant nothingburger.
There were a fuckton of articles in the FT and in other economic newspapers about the upcoming recession all the way back in 2018. I remember hearing analysts from bfm business saying "the question is not about wether or not there is an upcoming recession, the question is, is it going to be 2020 or 2021. All the institutional investors pulled out of the market back in 2019. Edmond de Rothschild in France sold nearly all their stocks during that time period and it was way before the covid was announced. The covid was the the green light for the market to dump but tension was building for a very long time. I am surprised that nobody remembers these articles because they even reached mainstream media at some point. It was back in early 2019.

>>22712232
>MELI SHOP
agree
>>22712255
SPOT, good price is now and anything above 215

>TSLA is a battery company

>>22710101
we /b/ now

>>22712255
Walmart, Costco, Microsoft, Google, some banks and maybe oil

>>22712304
>bears calling for a recession
Yawn, bears have predicted 100 of the last 3 recession.

Is Palantir this week or next week

>>22712304
>>22712183
here's a few I found, only from FT, you can find a bunch more from other publications. It was in the general consensus and a very accepted idea among traders that a recession was coming and we knew about it for several years. My dad pulled out of the stock market in early 2019 too and I should've listened to him. Thinking the covid is responsible of anything more than a shitty Q1 2020 is silly.
https://www.ft.com/content/226a58e0-125b-11e9-a168-d45595ad076d
https://www.ft.com/content/987733a4-f316-11e9-b018-3ef8794b17c6
https://www.ft.com/content/34fcf972-d2e0-11e9-8367-807ebd53ab77

>>22712362
>my dad pulled out of the market in early 2019
LMAO so he sold AFTER the winter 2018 bear run? How soon after he sold did the markets go green again? A week?

WKHS is going down today

>>22712330
why banks?

Where do you guys buy stocks from?

Is TD Ameritrade okay with their fees and stuff?

>>22712394
IBKR, hands down best broker, all commisions are $1-2 (at least here in europe), all data is free if commisions hit $35/mo, execution speed is literally less than a second, has all possible order/product/data types, and they dont fuck you over, i do not work there, it just simply is that great

>>22712391
B-but muh contract!

>>22712380
When you invest in stocks you hold positions for at lest 5 years, that's how you invest in stocks, that's long term investment. Nobody gives a shit about bear runs and bull runs, what really matters is the economical health of your country and the global economic situation. People who invest on robinhood etc are just gambling in a casino. That's not how you invest, but I suppose not a lot of people on /biz/ know about investing anyway and just want to make a quick buck. The stock market is meant to give you a profit of maybe 10%, 15% a year at best. Anything more than that is just too risky to bet your savings.

>>22712394
>Is TD Ameritrade okay with their fees and stuff?
You're american? Yes.

>>22712393
because they are cheap rn and not in horrendous shape like airlines. Look up large banks who made a profit throughout 2020.

I just got $1500 for free and I’m not sure if I should buy ftm or watch stocks for awhile

>>22712456
if WKHS Employees eat at McDonalds they announce a "contract"

>>22712463
So if he’s a long term investor why did he sell after S&P lost 500 points in a couple months? Surely his economic outlook didn’t change just because his stocks went down...

>>22712394
The best if you’re American. Immediate liquid sells. 2 hrs Pre and after market access buy/sell. TOS is the best trading app. Free trades. Only downside is No fractional shares yet, and they call me at least once a year for some dumb shit.

>>22712463
>I suppose not a lot of people on /biz/ know about investing anyway and just want to make a quick buck.
>Anything more than that is just too risky to bet your savings.
you sound like a trust fund baby, most of people don't have a large capital and to acquire one they have to go where the eagles nest, so yeah, fuck 15% a year

>>22712496
He sold his stocks because a global recession was very likely to happen in 2020 and 2021, not because the S&P lost 500 points.

>>22712466
well the volatility was really high, those conditions don't last, also they're not lending anymore and the rates are too damn low

>>22710101
roll negro

Second lockdown on Madrid

>futures green
The crash is over bois we back to bull market now.

>>22712394
>>22712504
TD Ameritrade and Charles Schwab will be merging soon. Should I just go ahead and open an account with Schwab instead?

>>22712522
What major news or revelations happened between August 2018 and January 2019 that would cause a long term investor to sell off at the end of that bear run? Genuinely asking because I started investing in December of 18 pretty much at the end of that bear run

>>22712517
>most of people don't have a large capital and to acquire one they have to go where the eagles nest
I agree with you but in my opinion the stock market is not a good place to make a lot of money fast. You first need to earn your money through your business or your job or whatever and then you invest your savings into stocks, real estate etc and get a nice slice of passive income every year instead of keeping your dollars on a bank account and paying fees. But I do understand that people use the stock market as a way to get rich but to me it just seems very unlikely, risky and not very sound.

>>22712183
This is worse than 2000 and 2008. Those were the days where there was prosperity. Countries haven't recovered from 2008. (Adjust to inflation and you will get a surprise in a lot of stocks).

Also, those were economic bubbles. This is an economic collapse event. The companies will fail, people will lose their jobs and we will have deflation.

>>22710522
If you didn’t buy below $4 or even $3 don’t buy GME now.

/smg/ going to buy TikTok Global IPO right?

>>22712569
I really like the think or swim app. Blows away anything else I’ve used. It will even run on low bandwidth. I can’t recommend it enough.

>>22712577
That's boomer "I can retire from lifetime wageslavery at 65 instead of 70" thinking.

>>22712579
3 months lockdown, tourism and travel is dead, small businesses have no chances against a second lockdown and the vaccine news are fake to prevent the crash. There won't be vaccines in November. They won't be effective when finally released and a lot of people will refuse to use them. But hey, "this virus is nothing and stonks only go up"

>>22712573
>What major news or revelations happened between August 2018 and January 2019
All the major economic news outlets were warning about an upcoming recession in 2020/2021, a friend of ours who is working at Edmond de Rothschild told us about how they pulled out all their stocks and that's pretty much it. It also seemed very believable as recessions happen roughly every ten years nowadays.

Where are all my tsla chads at? Who’s hyped for battery day?

>>22712443
Isn't there all kinds of forex fees if you aren't American and trade American stocks?

>>22712598
worst case scenario is a tender offer from Cohen for $15 of $20

you'd have to be Burry levels of deep value to have bought at $4 or $3

>>22712080
No. We’re in the battery age.

>>22712579
2008 wasn’t a bubble, it’s about as close to an end of the world financial crisis as you can get. It was the worst crisis since 1929. 2000 was a bubble.

>>22712630
with a success rate of 100%. You can try your method and have a 10% success rate if you want but if you lose this is going to be a life of pain and mcdonalds employment for the rest of your life. You don't risk your savings unless you're sure what you're doing. That's not "boomer" thinking that's just how you're supposed to handle money. On the other hand you should maybe stop for a while and look at what you're doing, you're just gambling your money away and treating the market as a casino. The only people who succeeded with TA and day trading were traders in institutional investing companies who had millions of dollars to invest. Peter Lynch never got rich by investing his pocket change, he got rich by investing in stocks with the money of millionaires he met on a golf course. If you want to become rich with stocks by starting poor, just become a trader and work for a bank, you will lose your money because if you want to get rich you'll have to take huge risks and lot of them. Or you can just get a job or create a business like everyone else.

>>22712630
What the fuck do you expect? Investing earned money is THE best way to make it in life. Literally just go to a compound interest calculator and see how much you can make in 5,10,15 years if you regularly invest paychecks now. You’re not gonna be a millionaire overnight in the stock market unless you get really really lucky. Compound interest is the 8th wonder of the world for a reason. But no, keep gambling.

>>22712643
The negative 2-10 treasury yield occurred last year. Max Keizer and Roy sebag talked about it in September and even said negative yield would indicate depopulation. That episode is freakish and occurred in September, 6 months before this all happened.

5th consecutive day futures are down... how long will this last?

>>22712534
I thought you were playing for the long term, if a bank is in good condition now it's going to be even better later. Whatever, it's your money.

>>22712657
>TSLA chads
Kek you're about to learn a lesson in what 'sell the news' means
>>22712684
I'm a britbong and own almost exclusively US stocks, there's forex on them but nothing major, my broker calculates it live for my portfolio. Interestingly while it's usually negative, AAPL and a few others end up adding a small amount (no clue why).

>>22712712
So what are good compound interest stuff to put into

Legit a total newbie at this

>>22712684
You pay 1$ to convert currencies

>>22712700
The economy in 2008 was a bubble, a lot of people were spending much more than they could afford and some countries had real estates bubbles that bursted so hard.

GME $9.80 OOOOOOOOOOOOHHHHHHHHHHHHH

>>22712737
I would recommend a s&p 500 index fund.

>>22712630
you can retired with 1-2M, depends on how frugal you wanna be
if you're willing to move countries, even less

DXY is once again mooning

How hard will the bogg be today gents?

>>22712732
We ride or die with The Musk

>>22712688
I bought only below $4, but sold out this week while over $9. Too much anxiety holding and watching. I rather move it to something I can easily ignore and not stress about.

>>22712737
S&P500 has averaged like 12% annual returns for 100 years now

>>22712762
you can retire with 50,000

you move to a 3rd world country and then what are the odds you will make zero money in literally years

is there a high chance you will never make any money ever?

even if you only can survive for like 5 years

you know how long 5 years is

>>22712760
So what is the process behind it? Do I need to manually insert money into it or let a broker or a trading program do it? Legit thinking about getting a job just so I can pump most of the savings into a compound interest earner

>>22712541
Shit better stock up l now before hand I remember what happened last time

>>22712737
If you want to be a proper boomer: index funds.
If you like at least a little risk, pick solid growth stocks that will continue going up (faster than the broad market) for years to come.

>>22710101
yo rolling for that shitter

Hmmm... Dixie was not comfy with that brief attempt at 93.80. Smacked off it like brick wall

>>22712798
Jesus, so if I get like 1 million in inheritance (not likely but not impossible since my father is rich), that turns into 30 million in 30 years?

>>22712569
that's what i did, but idk how much longer the wait will be for them to merge, tos might be slightly better than streetsmart edge but both do the same thing in the end, and i like tradingview's charts better than both, schwab's website and mobile app are both fine

>>22712822
wow how exciting it's exactly what I already have

>>22712803
You can set it up with your bank to do automatic withdraws. I recommend the vanguard Roth IRA. All your interest is tax free after retirement. You need 3000 dollars to start. Good luck!

>>22712643
>>22712714
>predictable

you mean planned you absolute fucking mongoloid concave brain faggot zoomers

>>22712821
Maybe not the smartest thing to do, but I want to dab just a little on crypto and short trading just for the funsies while I put at least a hundred or few hundreds a month to an index fund like that.

>>22712844
Alright, thanks. Kind of feeling jilted that literally every one of my blood relatives own a company or is already a multimillionaire and I'm here just barely surviving and staving off homelessness.

>>22712737
>>22712821
I do 33% boomer spy and the other 66% into growth companies that have outperformed the market. Nobody wants to talk about them since they aren’t sexy tech stocks but HD, LMT, UNH have all outperformed spy for years now

>>22712832
That’s why your money is so valuable. Don’t spend it all on Starbucks.

>>22712832
A 10% return will on average double your money every 7 years, so 1m-2m-4m-8m after 28 years

>>22712885
Assuming you don’t make any other contributions.

VIG is a vanguard etf with lower expenses and outperforms SPY in dividends and growth.

>>22712832
Once you're over the age of 45 or so you're too old and decrepit to enjoy it though so you might as well blow the million in your twenties then go on welfare

>>22712831
I saw that too it was beat right down off that. I was about to buy sqqq but then saw it dump.

Idk what to do now anon hmmm

>>22712909
Lol, that’s an awful attitude

bombed out

>>22712941

>>22712954
>>22712941
Begon thots

>>22712954

>>22712964

>>22712577
>But I do understand that people use the stock market as a way to get rich but to me it just seems very unlikely
well, it can be done and is not the worst way, but trying to get there fast is not a feasible strategy, the learning curve is already quite steep and the collection of unknowns is far too big

>>22712982

>>22712832
No because you'll have "made it" and buy a 200k lambo amirite fellow /biz/nessmen

>>22712909
Or, you know, teach to your kids how to handle money and give them the money so they can become even richer. That's how rich families make their dough. At some point you're so rich that your passive income gives you enough monthly money to not have to work. But let's be real, managing a multi-million dollars estate and stocks etc is a full time job.

>>22713000

>>22712684
you can choose any currency you wish as your base + the fx fee is already in the basic commision, for example last trade i did was 400 CCL, comm: $1 on buy, $1 on sell.

>>22713000
>trips wasted on off topic coomer
fucking faggot, waste of space filth nigger

>>22712702
>The only people who succeeded with TA and day trading were traders in institutional investing companies
not true, there are many that did on their own, i think Schwager's next book will cover them

>>22712919
Pretty bad yes, but still better than the boomer one. You're being placebo'd into being a good obedient goy with no dreams in a wage cage for the majority of your lifetime with a promise of being rich when you're an old fart.

>>22713078
It not about you. It’s your family and your legacy.

>>22713015
who is this goddess

What is a dividend trap?

Is anyone expecting GME to dip on opening as profit taking takes place?

why is wkhs dumping

Last gentle reminder to at least look into 1&1 Drillisch.
Stabilising after yesterday's overreaction.

>>22713119
if youre profit taking now never gonna make it

we need ATLEAST 20

and thats just the beginning of the profit taking

>>22713132
Underreaction.

actually i could probably profit take in 15-20 range

if i had a bad feeling about it and things started to slow down alot

WHAT IS A DIVIDEND TRAP

>>22713118
it's when you find a stock with a great dividend and you think to yourself "cool, i can pump 200k into this shit and then move to eastern europe to live off the dividends", but after some time the company starts doing badly, gets into debt just to support the huge dividend and the stonk itself collapses.
you want out, but it's too late and you can only sell at loss. you are forced to cut expenses.
your slovak gf won't settle for less and dumps you
you are back to being a wagie.

>>22713184
shit stocks that even idiots on smg buy just because they have dividends but do worse than s&p500

>>22713128
Muddy Waters Research hit piece before open.

>>22713178
arr rook same

>>22713186
How do I make sure I'm not buying into a dividend trap? Thanks for the reply

>>22713210
I was told investing in s&p 500 was a good long term idea, is it wrong? Any suggestions for long term investments?

>>22713211
not seeing anything and it's the same as after close yesterday

>>22713166
Overreaction.

>>22713229
And any good dividend investment stocks you would suggest?*

>>22713214
check the company's fundamentals
is it profitable, has the profit been rising for years. is it indebted? check the dividend payout %, for some companies it might not matter, but other should have some cash left to invest in their business

>>22713229
you should learn how to read first

>>22713216
>>22713216
>>22713216
>>22713216

NEW

>>22713211
>Muddy Waters Research hit piece before open.
not out yet, also people just speculating that report will be on wkhs, i have a feeling it wont

>>22713248
Is there anything (graph shape) I should look for on a graph to see if it is good? And what graph should I look at

>>22713235
Anything under a 50% dip is an underreaction.

>>22713214
Don’t buy companies that are dying just because they have a nice dividend yield. I’d rather get a company with a 2% yield that is growing every year and increasing their niggidend rather than one with a 8% yield that is dying zombie company

>>22713270
I think it will

>>22713291
Why not invest in zombie companies for a month, get the yield and then pull put asap repeat?

>>22713270
>>22713211
When will they release it?

>>22713286
blessed opinion

>up 3% during yesterday's crash
how

I bought apple at 127. Should I sell now at a 12% loss and buy back in when it looks like we’ve bottomed or should I just keep doubling down as we go?