/biz/ - Business & Finance

>>26640109
just downloaded RH and YOLO bombed 1,000 into GME

lets take these likes down

>>26640109
Thank you for the opportunity to ask newb questions OP. Regarding crypto, I'd like to know what people think about my allocation percentages in my portfolio. I have 54.6% Chainlink, 20% Etherium, 12% Uniswap, and 2.88% Graph. Am I doing it right?

Also >>26640328 here, forgot to mention, the remaining % is in USDCoin

>>26640109
RH is not even that bad
it would be pretty good as a place where you can trade both stocks in crypto if they had stop loss on crypts and more alts

rh is fine if your not trading the chart

>>26640328
As long as you aren't spending more than you are willing to lose that is pretty solid. There is nothing wrong with that spread and as long as you are going to accept a bit of risk it's fine.

Do everything you can to educate yourself about how Crypto works and what each of those coins does or claims to do and if they can actually do it.

hello i'm retarded and know nothing about stocks, I bought 20 bux of gamestop. How do I get money from it?

>>26640383
USDcoin is USD, any money you put there will stay stable a 1-1 to the US dollar. Alot of people who want a higher return put their spare "savings' money into Tesla, Elon is our guy and he hasn't gone wrong yet.

>>26640666
Thank you for the input, friend. I've been spending the last couple of weeks trying to learn everything I can about crypto in general and the coins I own in particular. It's definitely a lot to take in

>>26640703
Hold till Friday until noon Eastern time then when the green arrow goes up and says $1000 per share sell it.

If you sell for anything more than $300 per share you will profit but for $20 hold out for 4X-5X, to make $80-$100 from $20 is a great confidence builder.

>>26641353
thank you wise business man, may great profits come your way

>>26640941
Same here, the learning curve is very steep but you can learn important lessons from the most minor shit.

I suggest you change your browser to Brave, it will force you to learn about privacy and crypto, it's also pretty good.

>>26641728
So funny that you mention that, I actually switched from Chrome to Brave just a couple of hours ago. Based.

>>26640109
I just made a TD ameritrade account tonight. im thinking of getting some AMC and some other weak stocks that we can pump up and fuck some jews over.. is that a good platform to use or am i making a mistake?

>>26640109
So yeah question. Am I buying call options or just the stock itself. Which is going to yield maximum gains if this keeps launching?

Is there something better than robinhood? I'm but a humble gamestop cuck but I'd like to keep the money I put in in investments rather than cash out on a quick squeeze so I'd like to get more serious

>>26640109
Best way to invest if I have no bank account and just a debit with some cash on it?

I keep getting an error when trying to link my bank account to Robinhood - after I use the sms verification code. Webull and M1 are taking too long to get set up.

Is there another trading platform where I can instantly set up account and deposit from checking/debit?

>>26641706
Don't thank me i just started doing this 3 weeks ago, i am 99% sure that we are seeing a IRL version of Cobra Commanders' monetary policy.

Which is a good thing.

https://www.youtube.com/watch?v=AeGTV6fvgaM

>>26641900
No my fren, you are the Based one. this day.

Complete noob here: If robinhood is bad that when should I use?

I'm completely new to this. I'm from /lit/ but I started reading J R recently and then I heard about this GME thing and I want in. I don't want to be a millionaire, I just want to quit my stupid job or at least work less.

>>26640109
Perhaps the most n00b question of all do I have to put this on my fucking taxes? I have no idea where I would start with that.

>>26642526
Robinhood is great if you are new, if you just want to fuck around with a few hundred bucks, by some Tesla stock or a million Doge coin for the fuck of it they are wonderful.

It's a good place to figure out the basics while not wasting alot of money before you learn how not to waste money.

>>26642579
Yes, capital gains taxes.

>>26642526
>>26642942
>It's a good place to figure out the basics

This, it's a great start and you can always transfer everything over when you went to switch if you do.

Noob here, robinhood dosent work in my country what should I use?

here's a tip for you if you are new to robinhood. if you wanna buy a stock, never ever use market order. Use a limit order and set the price close to the market value if you wanna buy it right now. often I'll set it a bit lower and shave off a few ℅ if its something I'm gonna hold onto for awhile.

what the Jews do is detect you sending the market order and suddenly the price jumps up and you get fucked and just said "I will buy it for any price get me one right now". I wont go into the details how exactly they do that. could be a few cents could be a dollar.

>>26640109
Absolute newfriend here
Where do I buy this GME and AMC stock
South american btw

>>26643083
This does sound like something they would do

>>26642970
Thanks anon, I appreciate it.

Also what kind of fucked up board doesn't have spoilers enabled?

I'm completely new and currently battling deep regret over not getting into this shit sooner. I'm trying to set up my Robinhood account right now but I guess I'll probably miss out on all the gme and amc shenanigans by the time I'm set to go. I'm looking to start off with about 1 grand and see how it goes. What would be some good beginner moves to get my footing? Are there any resources that people like or reccomend? Thank you in advance for any and all answers, even including calling me a newfag or nigger. I wish you all fat stacks of cash.

>>26642579
yeah but robinhood sends you info for all of it and its just another form. when I first traded that year was easy because things I held for more than 1 year are not taxed for capital gains. The net sum of profits for things I held less than 1 year, let's say I made $100 profit, then I'd have to pay the government $15.

If this pans out at all, where do I go from here? I'm dumb and doubt I'd have the guts to chase big rewards but if i wanted to try to make some money what would I do?

>>26643186
>>26643186
>Also what kind of fucked up board doesn't have spoilers enabled?
Simplicity and anonymity form part of the basis of chan culture. Emojis, HTML garbage, namefagging are all viewed with hatred an vitriol. you have no identity here, you are anon. That is it.

>>26643314
Buy rubic

>>26642579
If your cash income including gains via stocks and Crypto isn't more than the Federal poverty level you don't even need to file taxes.

OP here, i collect about 25K a year in VA, Social Security, Food Stamps, Heating assistance and i raid the local food bank once a month while owning 45 acres,, i own my home outright and pay $145 iny taxes a year on my property.

I can Earn about $3000 a month for 3 years before they even notice me.

>>26643219
>>26643314
Lurk and Listen. Check out youtube, read or listen to books. I like "one up on wall st" and " common stock, and uncommon profits". Despite the memes, you should know what you own and why. A Bull thesis.

Not a question about Robinhood, but seeing as this is a general newbie thread, I figure Ill ask here instead of knocking another GME thread off the board. I've been wanting to get into crypto, and I know some of the basics, but I never see anyone really discussing in depth the various programs. Is there any good programs that will help me keep track of everything? What programs and exchanges are really useful?

>>26642579
Kraken is where you go if you want to hide income especially questionable income but that's some advanced tax evasion that requires understanding Monero and is a few levels beyond this thresd.

>>26643602
>this is a general newbie thread
Wrongo
>I've been wanting to get into crypto
Double wrongo. Start a new thread. the Cryptoshits would cream to answer you given the current state of this board.

>>26642072
Webbull is pretty good, the charts are better and in real time

>>26643108
Sorry, i don't know anything beyond the US. If anyone else knows more please help this Friend.

He needs help, can anyone give him advice?

My only questions are:

how high Can this fucking gme stock go.

What are the realistic exit strategies of big banks? How can they raw dog us on the way down?

I bought 4 gme at $41 because that’s all I was willing to risk on my first trade and I fucking regret not dumping my whole $600 stimulus into it.

Is holding until Friday a good idea?

>>26643358
Stop that silly elitist crap, it's not helping.

>>26643714
Stop being a jerk, we are all friends here.

>>26643019
What's good to switch to when you do?

Should I hope for a dip at 9:30 this morning or set a limit order for GME? Whats a safe amount for a limit order here? If I put 150, it probably wont go that low tomorrow right?

>>26643247
>>26643441
I'll keep looking into it, thanks pals. Guess I'll have to keep this in mind for later.

>>26643358
Chill buddy, most of the boards I use have spoilers on them. And I like emoticons : )

>>26643649
I'm too much of a wuss to skirt the law.

>>26643911
>how high Can this fucking gme stock go.
When you short, the potential loss is infinite. There are 5 pens.. 10 people need to buy pens, the price? depends on what the sellers are willing to sell them at.
>exit
No clue.
>How can they raw dog us
It will come down. it has to. They'll have puts, shorts, and leverage. Just don't be the last guy holding the bag.
>Friday
Hard to say, Risk v Reward, no one can time it, no one knows if plebit and biz will hold the line.

>>26644099
Dont do limit orders, wake up and buy like a man

>>26644171
>Chill buddy
No chilling either! Here hyperbole is the norm!

>>26644219
I only have so much money to work with here. If it doesnt dip and instead rises to like $400 tomorrow, im gonna end up with like a single GME.

Robinhood denied my application to join for whatever fucking reason and now I use Public

>>26640109
Thanks, bud. I'm new to trading, but I'm an long-time /biz/ lurker. How do I put in a stop limit? I'm worried that there's gonna be a mass-sell on Friday, and I'll lose the $100 bucks I FOMO'd into GME. I know that must seem like absolutely nothing, but I'm unemployed and that's all I could safely afford to lose.

>>26643219
If you have Cash App use that to instantly buy AMC (well not instantly but in the am when the market opens)

>>26643108
Etoro my fren

>>26644047
thanks for the thread fren, I'm gonna use this opportunity to actually try investing now. 20 on GME for the meme and a lot of research tomorrow

>>26644891
I checked etoro just a few hours ago but AMC doesn't appear

>>26640109
Robin Hood is transparent. OXEN is not. do you shower with an open door in the public?

>>26645236
OP here.

I'm new to this as well, i'm just trying to spread my limited knowledge as best i cay so that folks can make a bit of profit without losing more than they can afford.

Anyone use etoro?

>tfw no robinhood in germany
>tfw can't throw in a few grand for the memes with you guys
>only way to trade stocks you gotta meet a normie in a bank and talk to people
I'll be forever poor

Since this is the newbie thread, I bought 10 shares of AMC with a limit order of $10. 100% sure it's going to open higher than that now after seeing euro threads. So what happens to my $100? It's taken away from my buying power atm. Does it reject the order and come back when the market opens?

I'm 40 stay-at-home Dad with nothing but free time. What is the best way, the most user friendly way, to make $100/day at home?

>>26646190
you are fucking stupid thats why you will be poor, there are robinhood equivalents in germany all over the appstore, and online banks offering depots without any interaction