/biz/ - Business & Finance

>>55561636
may you live in interesting times

>>55561636
enjoy your ban retard

First
for
BOIL
O
I
L

Baking.

>>55561670
you wanna ban me for what, I havent done anything wrong

now the markets are closed
and i'm getting quite bored
i might wrap my neck with
an electrical cord

Frog.

>>55561695
can't post cados here

>>55561716
Do you know who I am, newfag? Do you know who youre dealing with? WHAT HAS HAPPENED TO SMG? I POOOPED

>>55561702
Not the best one desu

>>55561636
Is trying to figure out the tech (I fucking hate that word) industry for the sake of investing worth it in currentyear?

>>55561732
Yeah but it's topical, because the markets are closed

>>55561716
Says who?

i love it when the market's closed
can't lose money

Please explain how this works. I was looking at cheap stocks and there were a lot listed at 0. Some had crazy % next to them. I looked up ARYX and they shut down in March 2010 right when the price plummets. Why are they still listed and available to trade? Why are there so many 0 dollar shares

I found a company with stocks worth 0.02 and checked them out. Their company website is very dense with lots of information and decades of research and patents pending. Why is it worth 0.02? Why should I not buy thousands of shares for maybe a couple hundred dollars, so if one their products becomes successful and their share price skyrockets I would make a massive profit?

fuck

>As of early 2023, we are currently sitting at 1.3°C global warming, having just exited a cool La Nina phase and headed into: 1) a warm El Nino phase, 2) a particularly active solar maximum, and 3) continued massive reductions to sulfur pollution that provides aerosol shielding. Summer 2024 is going to be bad, worse than anything we’ve ever seen. It will shock the world. This is not hyperbole, this is not alarmism, this is the simplest expression of the current facts. Anyone with any understanding of risk assessment or precautionary planning should understand that this is not a joke.
What do I buy right now to profit from this next year?
https://medium.com/@samyoureyes/the-busy-workers-handbook-to-the-apocalypse-7790666afde7

>>55561807
>massive reductions in sulfur pollution
Acid rain is good actually, lmao

>>55561807
Another day another doomer.

>>55561767
https://www.investopedia.com/terms/r/reversesplit.asp
https://www.investopedia.com/ask/answers/071415/why-would-company-perform-reverse-stock-split.asp

>>55561636
>niko pics
>[Embed] [Embed]
do better.
>>55561763
be better
>>55561702
that's the spirit.
https://www.youtube.com/watch?v=4S460AcbV6E

>>55561824
The smoke from those Canadian wildfires kind of caused a pseudo volcanic winter in the Midwest for a bit.

>>55561853
I'm just so happy to be in a timeline where pepe and frenposting exists

You sold everything right anon?

>>55561731
STOP POSTING THAT FAT FUCK

>>55561904
No, I bought even more BOIL.

>>55561750
The Blockchain fixes this.

>>55561912
Nico posting is an /smg/ tradition.

>>55561930
KYS

>>55561912
>FAT FUCK
then a skinny post

>>55561940
Don't say shit like that chud.

>>55561921
Did it split yet? I'm thinking KOLD, pt negative /ng.

>>55561921
You’re not holding it are you?

>>55561957
June 23rd 20:1
>>55561959
oh yes, hoping it dips even more to buy even more.

I spent so much time suffering on american markets, i joined 3rd world stock exchanges and have been making money like crazy.
I made 40% profit in 3 days and 27% on another stock last week. (Argentinian stocks)
The market is completely undervalued easy 3x next year

Would someone mind explaining to me how American zoomers, who are all brown communists, are supposed to fight Russia and China in WW3, who are also brown communists? Why won't they just fight for their native nonwhite socialist countries instead? Most brown zoomers don't even think of themselves as American first. Seems like a recipe for failure, to be honest.

>>55562025
How do you actually know anything about the third world businesses you are investing in though? Or do you just trade price?

My shit got redeemed hard. Those mother beaches.

>>55562042
Just price + insider stuff
Here are some strong stocks, easy 40% next months
BYMA YPF FIPL DYCA

>>55562031
Better a zoomer fights and dies for Israel than me.

>>55562031
That's why those little fuckers need to die.

>>55562055
YPF for instance should be at least 50 bucks each , compared to other companies in sector that share similar volume (of oil) and earnings

>>55562031
They're not and white zoomies and white millennials have zero incentive or desire, I think when WW3 breaks out they'll promise nogs reparations if they win and the ghetto blaster legion will go forth and die while the government negotiates with white America to save them

>>55561904
absolutely not, still holding JPM, SCHW and BOIL calls.

>>55562136
You grossly overestimate the average normalfag. All the government would have to do is tell zoomers that Russia is genociding trans people and zoomers would make a line 10 miles long to enlist.

>>55562171
no they wouldn't there would be a very small group of people who would and the media would make it seem like its the entire generation because people like you fall for this shit. most of them would tweet about how upset they are and demand someone else do something about it and go back to fortnite and bottoming for older millennials.

>>55562110
Looking through these and assuming I believe Yahoo's statistics, indeed YPF's numbers look the most retarded. Their earnings per share is a little sad though for a company making multiple times the revenue of XOM assuming these numbers are in USD.

FUCK JANNIES

>>55562190
I believe you're saddly mistaken. Zoomers gobble up propaganda more so than boomers. Zoomers are looking for their identity and purpose. Fighting and dying for Israel is the perfect opportunity for them. Of course none of them will make it back, but they don't know that

Fuck the stock market. Post trader fuel

>>55562212
yeah, my broker has much more reasonable numbers, Yahoo is such garbage.

>>55562244
That looks good. Would eat all three.

>>55562055
>>55562110
>>55562212
You fuckers really gonna get me to yolo half my paycheck into some Argentine company I’ve never heard of before today?

>>55562244
Literally vomit inducing. Eat real food ffs

>>55562259
I just want to reiterate those yahoo numbers are not correct. But it is still under book value according to Vanguard who I am going to assume is correct.

>>55562273
>Literally vomit inducing. Eat real food ffs

>>55562259
Couple weeks ago my broker suggested buying GGAL and BMA, both look good

>>55562110
>>55562212
>>55562259
>>55562259
Are you guys retarded or just trying to pump this garbage?

>>55561636
If you don't make more than Avocado per month you are unironically a loser and are just here to gamble instead of providing the world with something that people want.

>>55562312
People here unironically bought into BOTY. Nobody here is smart enough pump a stock.

>>55562312
I am not trying to pump anything I haven't even bought. Would you like to add your two cents about a stock on this here stock market general sir?

>>55562273
If you cant appreciate a Pretzel Dog, you might as well log out

>>55562327
Brazil is also super undervalued, argentina’s just full of strong stocks just waiting for some outside influx.
People have been buying argentinian bonds from the us too

>>55562327
Yes, first off
>Income Statement Currency in ARS. All numbers in thousands
They're nothing compared to XOM.
>Total Cash (mrq) 270.78B
>Total Debt (mrq) 1.65T
Can anyone guess what those numbers mean?
>Argentina
Lol no

>>55562381
I was assuming it was in USD because the price was presented in USD. Which is probably why I was so confused.

>>55562222
nice quads but zoomies are literally afraid of having sex and vaped themselves into being unfit for service

>>55562401
The posts just seemed like you guys were coordinating.
It's quite a lot of debt and it's fucking Argentina. Can you even trust the numbers? What's it like trying to pay off almost 2 trillion of their shit currency? What reserves do they have in the ground? How much per barrel does it cost extract?
Maybe it'll skyrocket but I would not invest much. Just good for a little momentum trade imo.

>>55562439
My portfolio is entirely OXY. That cash to debt ratio means nothing to me. Their overall profits are concerning though I will agree. Something is costing them big time in their overhead somewhere.

But, it looks cool.

>>55562435
All good and well, but Biden is going to draft them, so they can either suit up or go to prison. Up to them. In the meantime we 30 year old boomers will enter a golden era of zoomette pussy

>>55562461
And it's apparently a state-owned company? In Argentina. Does it get scarier than that?

Janny banned me

what do I buy on Monday?

>>55562481
Drafting these people would be impossible and not even worth it and I've been praying for them to go die on Iran or something for being annoying.

>>55562244
uhmmm... treifa warning? gross. you couldn't pay me to eat that garbage.
https://www.youtube.com/watch?v=K6Sdmax1s8Q

>>55562522
Be patient fellow boomer. Our patience will be rewarded, on god fr fr.

>>55562524
https://www.youtube.com/watch?v=eviyEJRZX30

>>55562524
They're fucking hot dogs. Have you lanklets never had a hot dog before?

>>55562542
I'm a millennial not a boomer I look younger than millennials too since they don't take care of themselves at all unless they're bottom twinks

>>55562524
only the tastiest of meats are made with quick cure. Embrace the nitrates

I took a look at the biggest Bitcoin mining companies and they all are losing money. They lost hundreds of millions. Each.

I hope they die

>>55562560
>i'm a millenial not a boomer
Friend, we are the boomers now

>>55560985
this dude continued to shoot after the thief had his back turned and was running away, this dude's going to prison

>>55562601
Boomer is a state of kind

NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER

It’s over bulltards

>>55562726
MAV HAS SPOKEN EVERYONE ITS OVER

>>55562587
They need $50k price point to break even after the next halving and that's assuming energy prices remain constant

stocks?

>>55562508
Depends on what prices on what stooks Mr. Market visits with.

uh, so this page exists
>https://en.wikipedia.org/wiki/Corporate_debt_bubble

>>55562854
UH OH

>>55562854
Doesn't matter, soft landing achieved. Bull run continues.

>>55562726
>Bears still bearish
SLUUUUUUUUUURP

The YouTuber who I think is the Lum anon came out with a new video.

Bitcoin is flat.

I escaped my coinbase short and will probably not short anymore since I lost all my gains. Probably more than that because the gains will be taxed when I finally cover.

>>55562959
Best Fed chair in history.
Say thank you JPpw

>les avenirs

>>55562980
i do not make youtube videos

>>55562583
spam is actually really tasty with rice

I have decided that I am going to start pretending to be a normalfag to meet women. What am I supposed to wear to a bar if I'm going there for dinner and a drink? Also it's like almost 100 degrees out.

Might jack my 401k contributions another 5%. Already jacked it 5% already but once I get my pay raise end of the month and see just what I've got to work with I may hike it again. Also gonna hike my emergency fund contribution 20%. Since 2020 I've jacked my 401k contributions 93.3% counting the hike I may do soon. (My pension has also shot up insanely to)

>>55563067
You have to either go all in and look like you have money or be all out and look like a homeless person. Women can't stand anything that's middle of the road because they are retarded and have the mind of children. You make the decision which part you want to play. Good luck out there. Galavanting with normalfags willingly is a fate worse than death.

>>55563067
Don’t take this guys >>55563118 advice, he eats hot dogs and gives bad advice

>>55563135
I know a thing about a thing or two. One of those, yes, just happens to be where to get a great deal on a dog and soda

>>55563067
that is pretty normalfag thinking there so you're already off to a great start
ygmi

>>55563201
Funny thing is he still thinks women go to bars. Only boomer women go to bars anymore. Also what's for movie night tonight?

>>55563135
>>55563152
Hotdogs are good

>>55563067
>>55563118
Dress as a poorfag, that way you don't have to worry about it

>>55563228
what the fuck is wrong with americans

Bobos are evil pieces of shit who won't stop betting against America. Inflation is 2%, rates are getting paused, Powell achieved the soft landing.

>>55563334
We enjoy the finer things in life yuropoor

>>55563228
i'm pretty grateful to have no idea who does and doesn't go to bars.
>>55563334
>hates us cause he ain't us

>>55563228
>Not wanting meth momma milkers

GET WILD GET WET GET COOL GO BANANA

>>55563353
Sadly all attractive women just go on tinder now and swipe through 1000 guys. The days when dating was fun is long over.

Clubs are the new bars. Have been for a very long time.

Reminder that .ai is a website address
Imagine how much money godaddy and other site brokers made on the .ai boom and how many domains will fail

Is this bullish or bearish?

>>55562854
Lol yea Illuminati is making up fake data and media is manipulated by the deep state!!!

Real inflation adjusted disposable income has been growing for 12 months.

https://fred.stlouisfed.org/graph/fredgraph.png?g=1730s

Consumer balance sheet and debt levels ridiculously healthy.

https://fred.stlouisfed.org/graph/fredgraph.png?g=11DbW

https://fred.stlouisfed.org/graph/fredgraph.png?g=13mtI

Savings rates while still low historically is rising again.

https://fred.stlouisfed.org/graph/fredgraph.png?g=13mtQ

Let's also just ignore all the good work our leaders, including Powell has done for the most marginalized!!! Minorities, disabled, poor and blacks in particular!!!

https://fred.stlouisfed.org/graph/fredgraph.png?g=14IYY

https://i.imgur.com/ej2Pxmj.png

https://i.imgur.com/XaC4voE.png

https://i.imgur.com/uyBYew0.png

https://i.imgur.com/BauLPwl.png

But go on, keep thinking vaccines cause autism, Gummint is the problem, blaming Biden and believing your bullshit populist narratives contradicted by actual facts.

>>55563396
yes I learned that back when I first got divorced some years back.
>>55563446
toomaytoe toomahtoe, six in one hand half a dozen in the other, one trash can is as good as another. both should be gassed.

>>55563037
Well I think I found them from your imageboard

Just went all in on SQQQ calls ama

>>55563548
This post is bait.

>>55563574
I bought SQQQ calls on Thur and Fri. What was your signal?

I don't know how to make money, only lose money

>>55563682
hello fren

>>55563682
>https://www.bogleheads.org/wiki/Getting_started

>>55562583
I didn't know figgy pudding had meat in it.
Never ate it.

>>55563682
do the opposite of your normal strategy. You probably also need a longer time horizon than 24 hrs good luck chuck

>>55563599
You sound like a bobo loser, do better.

>>55563682
Invest 401k match at work prob a target fund, and gl, open an Ira max out 6k contributions in index funds and have fun.
That’s your basic path.

Might make a quick KR run to get some snacks for movie nite. I already went to KR this morning... that would be two KRs in a day

you guys lied to me, costco fucking sucks

i opened a couchpotato investing account 3 paychecks ago
maybe one day i will wake up to a million in this account

>>55563228
Coors light is a helluva drug

>>55563863
I went to Costco this morning.. insane. Probably a good 150 people waiting in line(s), ~8 lines with ~20 people in each line + their cart and families
another 300 people walking around the store
I have never seen it that packed before - couldn't even move / walk through the cashier area
I commented to my friend
>What recession??
and he argued that the consumer is trying to stretch their dollar and buy value even more due to inflation pressures, so they opt to shop at Costco than at other stores
in any case.. long COST

Are you guys buying the whole “lost decade” doom that’s been in the news?

>>55563574
>>55563619
Why do sqqq calls over tqqq puts?

>>55563911
premium cost

>>55563907
>value
i didn't see any. the prices were higher than a Fred Meyer (Kroger) or Safeway
do normies just see bulk and think value?

>>55563228
>whats movie tonight
trapped in the closet RnB opera featuring r kelly

>>55563496
i'm super mad you posted that because it takes way too long to refute how dumb and problematic it is and it's so easy to just defend it because the data is presented to us so vaguely and there are so many annoying argumentative tactics to defend it but you have to be really specific and argue deftly to shut down all the annoying tricks and in the end the data itself probably has a good deal of signal to it, but no discussion of it would be fruitful because everyones definitions would differ so wildly.
you almost tricked me into that kind of foolishness but i outwitted you.

>>55563907
Well school is starting again soon. Kiddies needing their school stuff. So that may be a reason. Christ honestly I don't see how any dude can survive in a high school surrounded by 18 year old senior girls and not uh suffer with a raging boner all day.

>>55563910
You mean for China? I haven't heard shit about a lost decade anywhere outside of the classic context of Japan and the modern context of China potentially falling into one.

>>55563858
I went to Loblaw/Real Canadian Superstore just now. Arrive at store, no rain. Exit store, pouring rain. Rain then stops immediately after I unload groceries at home.

14 minutes to movie night! Tonite's feature is long requested Michael Haneke's La Pianiste (2001)!

>>55564376
i looked it up. it seems like a coomer film

Movie night movie night get in here! Tonite's feature is Michael Haneke's La Pianiste (2001)!

A couple of months ago I got a Twitter account in order to keep up with natgas and stooks. It provided some very useful information sometimes, but still just isn't worth it. I changed the email address to an emailondeck one, changed the passworld to a randomly generated one, disabled it, and cleared browser data. It is gone and I am back to having absolutely zero SOOCIAL MOODIA. I sold all of my stooks too and am just going to "DCA" it all into BOIL. Fuck SOOCIAL MOODIA and fuck things that ain't BOIL other than KOLD and UNG and maybe UCO/SCO/USO. If I knew fuck about tech troon shit I would also utilize SOXL/SOXS but I am not a goombler and only stick to safe stuff like BOIL. I have nowhere else to blog so eat shit. I hate the antiChrist.

>retail chat
WMT wagie here. I was able to review the manager's P&L statement. In our particular store, we had $940k shrink against a budget of $970k. Other stores in the region had over $1.5m+. I mentioned this a few weeks ago.
Despite that, our store is achieving a 105 index to plan, eg we achieved our budget and income goals by 5% for the year so far. Our biggest sources of loss are accidental reporting/lost time, and supplies (in particular we had power equipment we needed to replace). Looking at other parts of controllable expenses, we're doing well on wages. As a shareholder with 90 shares, I'm happy to see this.

However, as a worker, it sucks. We're getting flooded with freight and there are no slow days. Everyone is stressed. HO wants us to achieve 65% transactions on self checkout (down from 70%). This means an effective 2:1 ratio of SCO vs cashier transactions. Part of the issue is theft. One attendant monitors 4 tills and will get called away to handle a cash transaction - then the thief's partner slips out. There are a few controls we can put in place, but we aren't even allowed to check the receipt if they beep at the door. Awful.

On onhands are fucked due to the new system we implemented from HO and according to our computer training, it's working as designed - we have the product so the customer can buy it. Online sales are below target but I think this is the segment corporate wants to grow to compete with AMZN. Stuff like tablets and TVs are often $100 cheaper online despite being picked from our inventory, but we can't price match it in-store. Customers are annoyed at this.
I think their plan is to say "Hey look we moved $X million to stores this year! That means huge consumer growth and spending!"

But as you anons said, it might be normalfags trying to buy shit before their purchasing power gets fucked

>>55564614
Really though probably just fuck everything but BOIL/KOLD/UNG, and only UNG if I happen to catch an overnight trade opportunity that shouldn't be let to pass.

>>55564643
How do you trade off-hours? I mean, I know how, but what strategy do you use?
Do you just look for a pullback that shouldn't happen and then use it to frontrun the morning day traders?

I worked today and I work tomorrow. I hate working weekends. In IT support, weekend work = all emergencies, all the time. Well, it's not always that way - just that when there IS work, it's an emergency. No comfy support tickets on a saturday, only production outages.
I managed to get some minipainting done though which was nice. I wish the markets were open on the weekend.

>>55564630
Thanks for the information fellow wagie

>>55563863
How dare you sir

>>55564630
When I was a kid me and Sam Walton went onto his private jet at a small regional airport. We shook hands and he flew of into the sunset (it really was sunset). At that time he was the richest man in the USA but he had no one else with him, just by himself in his jet. I just happened to be hanging out at the airport when he showed up after visiting the local Walmart, which was one of the earlier ones.

>>55564666
That's nothing: when we was kids, rich men used to fly by in Zeppelins and drop silver dollars.
One day, John D. Rockefeller flew by our home, so I ran outside with the washtub.

>>55564652
I haven't traded overnight yet, but essentially yes, I'm just keeping it in a watchlist, and I always have my HOOD open anyway, so if I ever see a DIPPARINO in it or the futures, I will run and buy some according to the overall circumstances of the price action at the time.

>>55564679
seems that the adrenochrome is still working for you then!

>>55564471
I cant guest login, you guys fucking suck

>>55564679
BTW, I literally did build a washtub bass and still had it up until 2017 when I gave it away to a girl who wanted to play bass really bad but couldn't afford an electric one and amplifier.

>>55563572
you must be confusing me with the ranposter.

>>55564614
I hope that you loaded up on KOLD because BOIL is about to take a nosedive.

>>55564653
>>55564630
I forgot to mention; we went back being department-based instead of role-based. WMT had it so that there was a front end team, a modular team, a price change team, etc. Now we're going back to departments and having agency over our own section. I think people were spread too think and work wasn't getting done in key areas.

As part of this, they were cutting hours, it's not a busy month. I saw young adults that would spend a ton of time sitting around fucking off getting dismissed (finally), and even on PT hours, I'm down to like 20h/week. However, they did offer to give me a few job codes so I can maintain more hours, since they know I'm a hard worker. This was part of my goal to establish myself before times got tough.

There's been some tech rollout/automation that's supposed to help the store. This is stuff like cameras to detect product outs on the shelf (contingent on us actually zoning stuff and stocking correctly, fucking lmao), auto order/replenishment of outs, as well as electronic shelf labels (which never fucking update) and some new backroom inventory management system called Vizpick (I haven't used it, but it seems very finnicky and prone to cataloging items in the wrong spot). My dept isn't going to use it, but the legacy system for it got slimmed down so actually adding/removing to the catalogs is a nightmare (imagine having to scan 50 items just to add 1).

>>55564738
>>55564630
This is all in service to cut costs, of course. Most businesses have the highest cost in labor and wages. Which makes sense - if they can add systems to eliminate jobs, that means they can increase staff wages while running a tighter budget with less man hours. Again great, I get it from a business perspective, but as a worker, it's hard and it feels like the whole thing is held together by string and tape, and our store manages to be one of the better ones. But hey, we're hitting HO's targets so it seems like we're achieving growth that we need to, so hopefully other stores do well, too.

Fun fact: Walmart and Energizer are apparently facing a class action lawsuit c. 2018. I noticed we stopped carrying Duracell and it looks like it's because Walmart allegedly strongarmed Energizer into raising their prices across the board, but then giving Walmart the lowest price. Energizer gets wider margins from everyone, Walmart gets the EDLP guarantee (and more money too).

But then on other categories, we barely make any money. Stuff like honey, I've seen $16 jars of it that we make $0.30 on. But other food items are quite profitable. Since covid, the trend has shifted to consumables and soft goods, away from hard goods. I think fashion still gives us wide margins. I'm trying to gain access to the reporting tools that management has (for legitimate business reasons, I am curious about what categories to focus on) but I don't want to deal with all the shit managers have to go through, either.

are fat people good for equities?

>>55564785
Fat people implies a lack of self control, which means impulse spending and liquidity being injected back into the economy. In normal times I would assume it's good, but right now we might see more inflation as a result and further rape hikes

>>55563350
why are women so fucking fat these days? I work at Home Depot and its like 7 out of every 10 couples that walk in to buy shit have an obese woman married to a skinny/fit dude.

>>55564728
I hope it is about to take a nosedive because I want to buy a lot more of it. What do you base your claims on?

YPF operates in Argentina. Its 51% state owned
YPF price blew because of a investment in a pipeline that will make the country save USD in import of gas. It has plans on the future to export gas, GNL.
Ukraine-Russia conflict had an effect on oil&gas compaines.
PASO elections are in less than a month and elections are in Q4.
We have 115% inflation.
Good luck

>>55564815
115% inflation you say? Lmao

>>55564614
>safe stuff
>like BOIL
lol

>tfw you hope for a nuke or a pandemic to hit all weekend because you’re holding puts

>>55564901
This is my wallpaper.
Trade the fucking market in front of you.
Yes, we know the economy is in the shitter and things will crash sooner or later
But right now, people are bullish and will probably remain so for several months. Even if you're trading a trend, it will last for several days

>>55564912
If we’re tapering off the highs then the mean reversion strategy dictates a reversal is in order

>>55564870
>>55564614
>>55564810
So I loaded up BOIL onto my indicators and noticed that when my triangles happened to change into an X (meaning a potential change in the yellow/blue slope from positive to negative, and thus an incoming trend change), if you went to the opposite color (green X = short, red X = long), it seems pretty decent on BOIL.
There was 5 decisive wins, 1 solid loss, and then 2-4 trades that were kinda iffy one way or the other. Like right at the end, I'm not sure if I would exist the last long entry and then go short and take like a 0.5% win into a 2% loss?, then win on the next short? Hard to tell, and I'll have other pieces to do filter bad trades.
But yeah this looks ... really good. I'm going to have to watch this now.

>>55564938
Trading reversals is so hard man, it's basically a coin flip. Basically all the advice I see is that it's better to wait for a trend to form first and confirm the direction, then hop on. Sure, you might only catch 8% of a movement instead of like 30%, but it's way safer, and mitigating losses is the biggest thing you need to do long term. Capital preservation and all that.
But hey, if you have a working strategy that bring you money already, keep doing it. Everyone trades their system differently.

>>55564870
Verification not required.

>>55564964
be extremely careful fuckin' with BOIL because it can fuck your shit up deep, hard, and fast.

>>55565085
I'm aware, but I'd be limiting my position sizes to 1% of my account in losses and trading the daily chart. Because of the volatility, this would be only 7-10 shares at a time, or about $500 position sizes, with aggressive TP/SL's

>>55562055
how popular is daytrading in argentina and south america?

>>55564938
not after they burned your puts

>>55565090
may you find yourself blessed

>>55565090
>>55565085
>>55564964
>>55564614
So I ran the numbers and 20 simulated manual trades against BOIL starting at a random date and going for 20 executions. I did 2% risk per loss, take profit (100% position) at 1.00x ATR, and stop loss (100% position) at 1.618x ATR. A little tricky since it recently went under a reverse split and the numbers got skewed (eg weird quantities for trades, where it would've been like 5-15 shares at a time, like today)

Anyways, if you started with $10,000 you'd have ended with $10,900, about a 9.1% gain, and if you just scale it by N days, it works out to being about 12.7% annualized, a total of 20 trades and 65% win rate. It's not bad, but for the amount of swing and risk, it feels like you could easily lose a lot more if you don't execute your trades and risk perfectly. If you simply shorted BOIL for 250 days and rode out the extreme swings, it would've given you a 46% return. Yet again, buy & hold (or short & hold for these levered etfs that R/S fairly often) seems to still be the superior strategy.

This would probably be 25, 30 trades a year? Basically a trade every 2 weeks, which is manageable. If you add other TA pieces on top if this, it would remove some of the losses. And that's the big thing, if you go from 6 losses here to 4 losses, the ROI jumps to 12.6% and 17.6% annual. All of a sudden, you're a top trader if you can avoid losses and win consistently.

>>55563083
KO boomer hasn't been maxing his 401 for the past decade?!

>>55563759
Keep getting those jabs
They say it’s making you healthier

you bought puts right

How do I profit from simultaneous hyperinflation of raw materials and finished goods, and hyperdeflation of capital assets and wages?

>>55561636
this man needs our help. how do we convince him to eat only ground beef, rice and franks red hot for a month? I bet he'd lose 200 lbs

the weed i'm smoking tastes like MSG. what ever happened to pot stocks?
https://www.youtube.com/watch?v=fkXCja9TzyE

Traders who win trading championships over and over with triple digit yearly gains on large audited accounts are all momentum traders. Mark Minervini, Marty Schwartz, etc. all momentum guys
The problem that leads people to value investing is psychological. The need to be right with high percentage winning trades inevitably results in lots of small wins and a few huge losses that drains the account. Momentum traders don't focus on win:loss ratio, they focus on the more important maximizing gains from wins and minimizing losses. Jesse Livermore, one of the greatest momentum traders of all time hammered this lesson over and over because that's what works. Hold onto winners, cut losses quickly. You can't do that buying the dip since you are buying into downward momentum, which predicts further downward momentum
The famous market axiom is don't try to predict markets. Nobody can reliably predict imminent changes in market direction which requires a crystal ball. Systematic dip buying requires predicting changes in market direction. Why do that when you don't have to? Market has upward momentum? Buy. Downward? Sell. Why make trading harder than it needs to be. It's like playing on nightmare mode with money on the line. I'm sure it's more exciting but it's extremely unlikely to be more profitable
If all else fails just do some backtests. Momentum trading outperforms dip buying in every backtest I've seen. Naturally this is no guarantee of future returns but historical data is all you have without a time machine and the conclusions only go one way
Consider the fact that I'm an FNGU enjoyer this year. How does my account look compared to the average DIS enthusiast lately?
Lastly, be honest with yourself. Would Buffett look at your process and give you the "Value Investor" nod or would he see your chart watching and TA scratchings for the crude mockery they are and derisively laugh?
>nb4 Livermore lost it all
Yes, but only during interludes when he abandoned his principles

>>55565450
>what ever happened to pot stocks?
Once it's legal it's just an agriculture stock and not a high profit margin one. Also very difficult for any weed company to differentiate itself from another. They can't advertise in any way that would hit a meaningful number of consumers. Even their packaging has to be heavily toned down because of muh children. You go weed shop here in the leaf it's a few screens on the wall behind the counter and a list of what they have. When I go there I just ask the guys for a recommend of whatever happens to be good at the moment.

testing

>>55565412
3d women are fucking gross

>>55565481
a results-oriented guy like you would do better on reddit, let me tell you why. on reddit you see, they give upvotes, tangible, permanent, accruable. permanent returns on your mental diarrhea, wheras here the currency is the (you), a much more abstract currency, and one which cannot be exchanged for anything nor does it confer authority when earned, indeed, it may be an indication you said something incredibly stupid.
the results are clear and undeniable: the rewards from posting on reddit are measurable and the data doesn't lie: redditors get thousands of upvotes and 4chan users have very little to show for their efforts.
https://www.youtube.com/watch?v=uSiHqxgE2d0

>>55565501
just because it is legal doesnt mean all stoners are going to go to the pot shop large majorities of people still just go to an underground dealer so they dont have to pay taxes. people were buying weed stocks thinking that every stoner would buy their weed legally and pay taxes on it, like alcoholics do, but the underground market still exists.

>>55565481
Kek "momentum" can revert to the mean at any time, and it takes time and experience to figure out what's a legit breakout or not. You haven't backtested over enough sample size if you think it's not still a 50/50 coin flip. You still have to make the right decision and could easily get trapped on a fake breakout.
Under your logic I could just short /ES every time there's a big hard red candle down and always make money. It doesn't work like that, it takes discernment.

>>55565636
You should only focus on weed stocks that focus on dabs,wax or carts. If stiizy was publicly traded I would have bought some stock

>>55563030
I loved her back in the day. So beautiful.

>>55565412
>FetishGreg88

Can someone post the correct OP?

https://fiscaldata.treasury.gov/datasets/monthly-treasury-statement/summary-of-receipts-by-source-and-outlays-by-function-of-the-u-s-government
Compared to last year
> -20% income (taxes)
Everything is fine. The economy is strong and resilient. As are the banks. Everyone is making more money than ever before. The consumer is strong.
Keep buying, anon.

three words: leveraged mini futures
i buy these bad boys and making money has never been easier

>>55566667
pray tell, how does it work?

i've never traded futures but i imagine in simple terms it must be like trading options spreads right? you gotta open a long and short to have a net position, can't just have a long open alone due to risk and insane capital requirements?

>>55566441
>Everything is fine. The economy is strong and resilient. As are the banks. Everyone is making more money than ever before. The consumer is strong.
>Keep buying, anon.
This is what normies actually believe, just like that "puts are not the way" faggot who comes on here.

>futures

>>55566709
no its not like spreads, you can just hold it forever and you only buy 1 direction but either you get knocked out or you sell it when your leverage becomes small enough.
it's like buying a stock like normal but you get leverage.

>>55565481
>all them words
BOIL

>>55566729
literally me trying to pick the bottom (I remained in cash)

>>55566839
The last 6 weeks have been comfy.

>>55566864
yeah, meanwhile I'm down this year due to $ exchange rate
it's such a shame I was too stupid to seek out the very basics of investing knowledge before the real estate prices forced me to reevaluate what my financial prospects really are when my idea of managing finances was pretty much 'be frugal, stash 75%+ of your income under the mattres'

>>55565756
Clean edition

>Educational sites:
https://www.investopedia.com/
https://www.khanacademy.org/economics-finance-domain

>Charts:
https://www.tradingview.com
https://www.finscreener.com
https://www.koyfin.com/
https://www.portfoliovisualizer.com

>Screeners:
https://finviz.com/
https://www.tradingview.com/screener
https://etfdb.com/

>Options
https://www.optionsplaybook.com/options-introduction/
https://www.optionsprofitcalculator.com
https://optionstrat.com/
https://www.optionistics.com/quotes/option-prices

>Pre-Market and Live data:
https://www.investing.com/indices/indices-futures
https://finance.yahoo.com/

>Calendars
https://www.marketwatch.com/economy-politics/calendar
https://www.earningswhispers.com/calendar
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

>Boomer Investing 101:
https://www.bogleheads.org/wiki/Getting_started

>Misc:
https://tradingeconomics.com/
https://finance.yahoo.com/trending-tickers
https://market24hclock.com/
https://wallmine.com/
https://fintel.io/
https://www.dividendchannel.com/drip-returns-calculator
https://brokerchooser.com/
https://www.chathamfinancial.com/technology/us-market-rates

Previous >>

>>55566960
75%! You're a bad ass! I'm around 42% (of gross pay). Bonds are like sticking cash under the mattress, but with some return. I agree that housing sucks, and I'm lucky to be older and own a home, and an investment property. Hang in there, your savings rate shows how dedicated you are to your financial goals. You'll get there.

>>55567022
I'm an euro code monkey with no dependents, so this savings rate likely will not last long with AI looming over all text manipulation work
that's for the encouragement though, better late than never, at least I have something to invest with

>>55567052
thanks* for the encouragement tho

Something that surprised me this last week was how much I made on PPC. I was more bullish on TSN (which is indeed waking back up) and considered PPC to be a relative pity buy that I made early Mon morning, yet there it went. Sold it Friday along with everything else I could without using a day trade in order to buy more BOIL.

>>55567052
just be patient and watch everything you can until you spot a good entry on something. PATIENT. WATCH.
keep
tha
pulse

Friday was just a small preview on what to expect for this week and for the rest of the year. Plenty of -4% days to come

>>55567205
as long as DXY doesn't spike again, I am good.

>>55567205
Don't make me wet anon

How over is it? I thought SPY would retest 350

Is this bullish or bearish?

>>55567276
SPY is going to retest 200 on a conservative estimate.

>>55565481
Past performance does predict future results though.
FAGMAN stocks keep winning and illiquid shitcos keep losing

>>55563981
>no white pieces on the board

>>55565481
>muh buffet
he's an insider trader and there's nothing else to it.

>>55567334
they moved to the country

>>55567317
Neat

>>55567317
It's gay, that is not a girl, and there is even a TGT symbol at the rear.

>>55566709
no, it's basically going long or short on ES, or NQ, etc. You get similar leverage to options, so your profit is exponential.

Downside is you need SL or one back trade can blow up your account.

bump

I think I'm dying...
Any good stocks for this feel?

What in tarnation is weekend smg?

>>55567967
Funeral etf’s

>>55568028
Know any off the top of your head?
Besides, aren't like 90% of funeral homes owned by private equity companies these days anyway?

>>55567967
CURE

>>55567968
is ur mom hairy or shaved? how many shares of BOIL does she presently hold?

>economy dumps just when I close my short positions
That would mean I’m destined to never make it.

>>55568082
Friday was just a little profit taking is all

>>55568043
There is no CURE for whatever is killing me
Also that seems to have ridiculously low volume

Made some decent $$$ with SOXL calls but they were for friday and now I only have 30 or so for 2 weeks from now... If it's red on Monday, I'm going balls deep on SOXL aug 18... Or maybe add some TQQQ too? $10k ish to play, what do?

Invest in the war machine and yourself

$LMT
$BA
$HGI
$GD

Petro dollar took another huge hit
>https://www.reuters.com/world/india-ties-up-with-uae-settle-trade-rupees-2023-07-15/
India and the United Arabs Emirates just agreed to conduct all trade in Indian Rupees. India, who is the third largest oil importer in the world, will now be buying UAE oil in Rupees instead of dollars

>>55568178
BAH
GE
HON
LDOS (tech subsidiary of LMT)
NOC
RTX

Is this true? Is she saving our economy from crashing?

>>434672627

>>55568321

forgot to link it properly >>>434672627

Fuck ill just paste it here


>Taylor Swift's Eras Tour is making waves not just in the music industry, but also in the United States economy.
The explosive ticket sales for Swift's concerts have provided a significant boost to the national tourism industry, according to the latest report from the Federal Reserve.

>The Federal Reserve's Beige Book, a compilation of economic summaries from different regions of the country, revealed that Philadelphia's hotel bookings experienced their strongest growth since the pandemic began, all thanks to Swift's show dates.

>The report states, "Despite the slowing recovery in tourism in the region overall, one contact highlighted that May was the strongest month for hotel revenue in Philadelphia since the onset of the pandemic, in large part due to an influx of guests for the Taylor Swift concerts in the city."

>>55565636
I hate the anxiety of dealing with drug dealers even if it’s just for weed. I totally get why people buy black market weed here in California - because black market weed is ridiculously potent and cheaper

But I don’t want to deal with buying my pot from some asshole who makes me nervous. Would rather just buy my mediocre vape cartridge from my local dispensary.

Another relaxing Sunday. Decided to be nice and got two Big Breakfast w/hot cakes meals from MCD's for me and the Wife. $11.00 total. What comes with each; 3 decent sized hot cakes, 1 hashbrown, 1 biscuit, 1 sausage patty, and 1 egg. All in all pretty good deal.

I have 500 USD from divies i need to reinvest

Can anyone shill me a good pump and dump stock to fomo into? What is /biz/ investing in now?

What’s the Monday opening going to be? Pump or dump?

>>55568321
>>55568331
Whay did it say?

>>55568339
>/ourgirl/ is unironically saving the economy
TYBT

>>55568512

>>55568512
hopefully BOIL dip to buy more

>>55568512
i hope for the dump of the century so i can swoop into apple and microcock at good prices

>futures

I'm an island boy just trying to make it

>>55568512
crab bro

i bought MSFT at 210
and AAPL at 135

But i am a genius that can predict the future, AND I’m patient. I bought years ago. Try to learn from me if you can.

>>55561636
so i'm 25 now and after waging away and being frugal i have a little over 100k on my bank account. what the fuck do i do with this?

>>55568744
Don't worry wagmi

>>55568900
i'll take that, cracka

>>55568798
Why didn't you wait until October when META was $90?

>>55568900
Be happy. Dump 50k into an S&P 500 fund and leave the rest in a high yield savings account. Keep working. You'll be set for life by the time retirement knocks. Most fucks can't even lay hands on 5000 cash without selling a kidney.

who are Taylor's fans anyway? is it all wine aunts? i'd be surprised if zoomers care about her or is she the one exception to them not liking anything older than 5 minutes ago?

>>55569022
Millenial girls. My younger sister, who's a nurse in her 30s, went to a Swift show

>>55569022
They're women, young women. I'm 24 and my femoid friend my age was in a sorority and all her friends listened to Taylor.

I've been fucking a 19 y old recently and she was late to seeing me one night because she had a listening party for Taylors new album with all her friends presumably her age.

coinbase

sell when 1000 usd

u are welcome

>>55568962
my vision was clouded

>>55569022
Girls in their early 20s to early 30s. Late Millennial to Early Gen Z women more or less.

rate my wife

>>55569097
That's a man

>>55569097
Now that is a man

I've got the Sunday Scaries.

I hereby declare that tomorrow, we pump.

Thinking about yoloing into TSLA then selling right before the earnings report. Is this retarded?

>>55569072
Do you sense the presence of a Sith Lord?

>>55568631
i hate her so much. I wish nothing but the worst for her and her fans.

Are dividend stocks just a meme?

>>55569245
does this question get asked every week?
Look for total returns

as soon as I /make it/ I will impregnate taylor swift

>>55569303
Better act quick. She's 33. The age a women can have a healthy kid falls off a cliff at age 35. 18 - 35 is the magic kid knock up window. Yeah a woman can have a kid later but health risks skyrocket.

you do pray weekly with your ceo, right /smg/?
https://www.youtube.com/watch?v=IyfxQB_lXj4

>>55564764
I dont really know what to do with all this info but it's interesting.
>>55566729
Black bears are so cute :)
>>55568366
This is how I feel about getting a prostitute. I really want to bust a nut but I'm nervous to wander into a sting operation. And I refuse to participate in the modern dating game.

Greatest Depression.

>>55567052
AI replacing code monkeys is insanely overblown and not going to happen for a decade+ unless you’re literally just writing configs or simple scripts all day. I highly doubt even web engineers will see AI replace them for quite some time for enterprise complexity level work. Still, it’s a good idea to be cognizant of it and plan for it in the future.

>>55569348
https://www.youtube.com/watch?v=GwZXK7SkDMM

>>55567276
It probably will eventually, this is typical bull mania before the impending crash. As usual though who knows when the crash will actually come. As long as we stay around 450 and don’t blast through any other resistances, this bitch is still coming back down at some point imo. Won’t stop WSJ and all the other financial “news” outlets from running stories over the next couple months acting like the soft landing has been achieved.

>>55569046
Yeah I’m 29 and literally every girl I know has been or tried to go to see Taylor concerts, some even multiple times. One girl I’m sleeping with paid $600 for her ticket lmao. Fucking insane
To be fair, she also said Taylor played for legit 3.5-4 hours, which in this day and age is genuinely unheard of, most headliners play 2 hours at the absolute max. 1-1.5 hours is more usual at concerts I’ve been to

>>55569365
Wouldn't ChatGPT and similar LLMs that help you code honestly make the market for software engineers / developers / data analysts even bigger? People can lrn2code a lot more and apply it more to business applications a lot more

>>55569352
I remember about 10 years ago there was this ABC News investigation out of San Francisco where they were following a SFPD sex crimes task force. The head of it was a lesbian and the others on this were all gay men or other lesbians. The lesbian running the task force said "we look to see where white men go and then move in" and I never forgot that. As for dating ever since the internet came into play and a woman can feed her dopamine rush from thousands of simps telling her how hot she is they no longer need anything. Uncle Sam provides the money and simps provide all the dopamine they need. Its a fools game now.

>>55569231
Teeheehee

>>55569219
Is there any case for TSLA now that normies hate the only reason it's so retardedly high!

She's ready. Don't let me down Lisa

>>55569219
flip a coin, draw 5 cards, spin the wheel, pull the arm, throw the dice.

>>55569448
nope, sorry

>>55569421
I had assumed because prostitution was illegal and often demonized in movies that the prevailing belief among my peers was that visiting a prostitute was highly immoral. (I live in a mid-sized, center-left city in the US South)
However, with all the sex-positive, "Sex work is real work" stuff I saw people post about online and on facebook and shit, I started to think "Maybe prostitution isn't viewed as poorly as I thought". I asked a couple friends in a theoretical sense, "Is visiting a prostitute immoral?" and my 3 friends (including 1 girl) were like "Nah as long as she's not being trafficked prostitution isn't really wrong".
Still, I feel like if a woman found out you went to visit a prostitute she'd be much less interested in dating you. But sex is a very natural need - people arent shamed for eating at restaurants instead of cooking at home, so why should it be wrong to pay for sex if you cant/dont want to date?
Hell, even Jesus washed a prostitute's feet.

I'm still trying to figure this out. Saying "Sex work is real work" but then demonizing people who pay for sex work seems like some clown bullshit. I'm a moderate lefty but I doubt my fellow lefties would be welcoming of me paying for a blowie. Regardless I'm nervous to go to an escort or an AMP because there was a recent bust of a few massage parlors in my city and I dont want to be caught up in that. They only arrested the providers, not any johns, but still.

>>55568900
>>55568975
this but 2x spy with SSO and keep adding to it, personally I'd use 2k in a separate account to basically gamble on any personal picks you have

>>55568900
>what the fuck do i do with this?
spend it all on #wanderlust

Thinking about loading up on leverage in oil/gas companies before the winter hits. Hopefully it will become a cold winter with huge gas spikes

Fuck guys. I don’t want to retire in my 60s.

>>55569618
don't worry soon you'll be able to retire whenever you please
reuters.com/world/americas/shes-47-anorexic-wants-help-dying-canada-will-soon-allow-it-2023-07-15/

>>55569522
>Still, I feel like if a woman found out you went to visit a prostitute she'd be much less interested in dating you.
A retarded take. If the porn idustry is fine, the film industry is fine, mobiles are fine, and the fashion industry is fine, sex work is fine and the hypocrites who care to mentally acrobat their way through the morality aren't datable.
There's a big difference between a loser who picks up addicted streetwalkers and someone who pays for higher class experiences.
Besides, the current trend of ethottism and simping is just as predatory.
But really, you should try to find a life partner and start a family. Seek outside the normal pools if you're abnormal and the normal is shit.

>>55569658
anyone remember the anon who was posting in here about picking up streetwalkers? he stopped posting I think he died/got arrested

>>55569618
just set aside a small amount of your money to practice gambling on weeklies with

>>55569679
That wasn't Scoops?

>>55569618
In your 60s what is this the 80s? You'd be lucky if you can retire in your 80s at the earliest.

>>55569707
no scoops used sites for escorts or strippers, this guy would post photos of his drives and some of his "scores"

>>55569658
>But really, you should try to find a life partner and start a family. Seek outside the normal pools if you're abnormal and the normal is shit.
Yeah, I'm abnormal and emotionally fragile. I've been avoiding dating for many years because of these characteristics. A partner sounds nice but not sure if it's in the cards for me.
Well anyway I dont want to blogpost about my feelings, because feelings are not relevant to discussion of the stock market... unlike prostitutes and weed, which ARE potentially relevant. What is the bottom for MSOS? Will it ever go up again?

IT'SSSSSSSSSSSSSSSSS
GETTING
CLOOSE
TOOOOOOOOOOOOOOOOOO
FUUUUUUUUUUUUUUUUUUUUUUUUUUTYAAAAAAAAAAAAAHSSS
TIME!!!!!!!!!!!!!!!!!!!!!!!
IT IS SO FUCKING CLOSE
NOT FAR AWAY
JUST A SHORT DISTANCE
OF TIME
FROM
THA
ETERNAL
NOW
LIKE RIGHT AROUND THA CORNER
JUST UP THE ROAD A PIECE
PRETTY DANGED CLOSE
HOLY FUCKIN SHIT
IT'S COMING
IT'S ALMOST FUCKIN HERE
SHEEEEEEEEEEEEEEEEEEEEEEEEEEEIIIIIIIIIIIIIIIIIIIIIII
T
WHAT IN THE FUCK ARE THEY GOIN' TO DO
??????????????????????????????????
???????????????????????????
????????????????????
????????????
????????
????
??
?

>>55569618
neither do i which is why im accumulating shekels so next time theres a crash im going all in on TQQQ or TECL at the bottom
>but anon you cant time the bottom
i will

>>55569679
serial killer HUT anon blew up his account and then sperged on /pol/ about it.

>>55569890
Actually he may have been trading PZZA I forget.

>>55569889
Have you studied the charts on all of the major crashes going back to 1987 so you can see what it looks like all the way down? It might take a good bit of time, and there will be lots of times where it looks like the bottom but isn't. I made and shared charts on all of them here a while back and hardly any of these niggertards cared, I made 2 charts for each crash, 1) spanning from immediately before the peak that was crashed from, to immediately following the very bottom, and 2) one from immediately before the peak that was crashed from, to the next time the markets reached that peak again and continued to grow from there (this is important because from 2000 to 2013 the markets briefly reached the earlier peak in 2008 before immediately crashing again, so it wasn't until 2013 that it gained back and kept going). Picrel is from July 2000 till Oct 2002, peak to bottom.

>>55569939
it’s over when vix crashes

>>55569889
>>but anon you cant time the bottom
>i will
Based

>>55569939
I reckon might as well share chart 2, from July 2000 to March 2013.
>>55569962
VIX is broken now due to retail's retarded trading/invoosting behaviors not functioning according to the mechanisms that made it work for so long.

>>55569976
Sept 2007 to March 2009

>>55569976
>VIX is broken now
what? how so?

>>55569939
>>55569976
>>55569989
Explain your bottom finding thesis as if I were a Rhodesian Ridgeback.

>>55570037
>>55570037
>>55570037

>>55570039
I don't know, I read about it.
>>55570044
I don't have a bottom finding thesis, I just studied the charts and see that all of the crashes are more protracted and not nearly as abrupt and defined as the exceptionally different in every way 2020 one seen here, Feb to Aug. I reckon if I did have a thesis it's that you can't really time it, which is exactly what has been said for years, but kids always think they know better than those who came before and actually have a lot more experience and knowledge.