/biz/ - Business & Finance

First for SPXS long

>>7472874
if red ID we crash tomorrow

>>7472934
The fact that /biz/ is so bearish is making me kinda want to be contrarian.

Everyone thought there was going to be a bloodbath after the xivpocalyspe but instead we got a rebound.

All the indexes are basically 10%. We got our correction that big money was so thirsty for.

How does robinhood not have a webapp yet?

I'm sure CNBC will do away with their normal all-night "Shark Tank" marathon to have live coverage of today and the Asian markets tonight.

Digits decide what the market does tomorrow.

I say DOW to 22K

>>7472974
>Dead cat bounce

>>7473001
Don't know, driving me nuts

>>7472974
*rebound on tuesday i mean

>>7473028
dow down 3028 points tomorrow confirmed

>>7472974
Yeah, I expect to wait another month or so to see if this is an actual shift in the fundamentals of the market.

Right now, rising interest rates are a little unsettling, but I see no other genuine underlying economic issues that would put us in a bear market.

>>7472974
The vast majority of /biz/ is here for crypto and has zero financial knowledge.

>>7472974

Watch yourself. If you get in to soon and the decline continues, you will be locked into losing trades.

On days like these, it's sometimes best to give up a little gains as a means of guarding against greater losses.

>>7473080
When I say /biz/ I really mean this general. I never venture outside of here. The rest of /biz/ is cancer.

You are all aware that tomorrow is Friday right? A Friday after a 1000 point drop in the DOW.

guys so you think apple is worth buying? Looks like you could make some quick money when it swings back up.

>>7473080
+1

>>7473148
+1

I wouldn't be buying much tomorrow, unless I see a deal so wonderful I can't pass it up.

Why? Think of the downward pressures....

1. National news reporting second 1000 point loss in a month, retail investors suddenly looking up the value of their 401k.

2. Margin traders who took losses today will start getting phone calls tomorrow, forcing them to liquidate otherwise good companies, which will give THEM downward pressure.

3. If there is an early-morning rise, people will see it as a last chance to get out while they can, which will force things back down.

4. If it goes down by noon, people will rush to sell rather than risk holding through the weekend.

>>7473209

> Quick
> When

pick one.

>>7473209
I’m gonna continue doing what I’ve been doing and steadily buying the dip. Assuming the crash continues, you can probably pick up a good chunk of Apple over the next few months.

Wouldn’t be a bad bet.

>>7473001
use bluestacks to emulate it on your pc

I'm back in the red on NVDA

I should've sold when I was $500 up. I always get hurt and betrayed by everybody and everything

Penny stocks to look out for if you feel like gambling or pissing away money. Volatile as shit.

NSPR. Went through a reverse split.jumped between 4.00 and 5.00. Pumped to 5.00 in the premarked then dumped to 4.00 again. Pumped back to 5.00 during power hour. Manipulation desu with the low volume. Will more than likely dump again. Could risk it buying that dip and hope the same group pumps it again. No official date for earnings. Last it was scheduled at was 2/16. ER expected to be good.

INPX. Bled 80% over a few days since its reverse split. Saw it jump up and down 50 cents today. Went as low as 2.90. Gonna bleed until news comes and that eta is a few weeks. Keep an eye on this. Would wait a few weeks.

JAGX. In decline but could go up leading to er which May go as low as .11 until then. Reverse split won't happen until march at the least. ER expected next week

BPTH. Another penny stock going through reverse split. Gaining in the AH. Definite dump tomorrow. Wouldn't risk holding it over the weekend. Might be news on monday. Conference on the 12th

What's a good starting amount of money to put into an account to invest?

>>7473543
$10k

BIG FIVE GUY AHHHHHHHHHHHHHHHH

>>7473543
Play around with a thousand bucks for a few months. Think you're confident and experienced enough afterwards dump in more money with a couple of more gs

First

>>7473608
Big Guys get the last laugh

I've only got 500 I want to spend..what are some good 30 dollar orless stocks?

I'm probably going to day trade Bitcoin when it goes to 5k

I have 3k that I've designated as safe to play with. Went into TVIX with some of it today then pulled out around close. Made 200 bucks.
What do you guys like for tomorrow? I'm a little shaky on this gambling meme of betting on volatility or a slump.
My gut says I briefly look over the futures and SPY then go balls deep into TVIX again.

>>7473878
>only has 500
>is already namefagging
>wants to trade in bitcoin

kill yourself. A noose is a better investment

Brainlet here. What do all these fancy terms and lines mean and what books n shit do you recommend so that I may learn these things in the future.

so, I've burned 40k$ in these days.

>>7473969
I'm trying to make my way through life..all I have is my tulpa..I've read the books..now I want to implement it..I'll stop namefagging tho..

>>7473974
>What do all these fancy terms and lines mean
absolutely nothing

>>7474092
t. idiot

How do I invest in emerging markets as a Canadian?

It feels like we will have some great deals soon.

Think the market is going down?

... DIA puts
... AA puts
... JPM puts

Think the market is going up?
... LMT Calls
... DIA Calls

>>7474129
ishares.com or any other ETF

>>7474068
>my tulpa

Get a job.

Theres nothing wrong with a tulpa anon. I have 2 myself

Where are the NAK longs at and how much did you pay? Bought 72 at an average of $2.04 per share

can you buy currency online? I want to buy some euro or beancoins before the dollar goes to the shit tomorrow.

>>7474129
VEE.TO

>>7474068
do u have sex with ur tulpa?

a asking for a f friend...

EVERYTHING IS RISING IN FUTURES

NIKKEI BOUNCING BACK
LETS DO THIS

hey guys, i've always wanted to ask:

your entire portfolio is down 20%. do you:

>sell to cut losses
>buy to redeem losses

let's say you're holding index etfs for example

>>7474372
nikkei was green yesterday too

>>7474429
Time in the market is better than timing the market isn't just a meme anon

>>7474372
dead cat bounce lel

>>7474429
>not being smart enough to actually look at charts and analyze how we are in a mini-bubble that was about to burst

be a smarter investor

WHO THE FUCK IS BUYING SNAPCHAT?!?!

THEY LOSE MONEY AT AN INSANE RATE AND ITS STOCK GOES UP 50%?

AMD MAKES A PROFIT FOR THE FIRST TIME EVER AND IT DROPS?
WHAT THE FUCK IS THIS MARKET

Spoiler EVERYTHING is being built on speculation and lower than mean returns interest rates

If you are not in cash or gold you deserve to sink with everyone else

>>7473001
It does.

>>7474461
>>7474472
ever hear of a double dip?
well guess what, this was the double

>>7474515
It's not publicly available as of yet

>>7474507
The sooner you figure out the market is rigged and it really doesn't have much to do with the actual companies performance the sooner you can start getting sleep at night

>>7474429
buy high, sell low: the post

Hey thanks for the advice on Robinhood I sent my app I never traded stocks because of the minimum broker deposit and fees

>>7474558
that statement is only like 40% true

how much have you even made off investing?

>>7474555

Doubles don't cruise that far below the other dip.

>>7474507
Snapchat is a safe haven stock friendo

>>7474620
i make a living off of investing.... and no that isn't just investing in common stocks..

I've never seen anyone mention Schwab here when talking about trading.
>no broker necessary
>actual financial institution
>if your account is worth 50k you get 100 free trades
>trades are $5 if not
>fully functional phone app that has Touch ID
Anyone have a Schwab account here?

>>7474660
how much have you made in stock trading? Any neet can literally say they make a living off of trading stocks.

>>7474695
No everyone here is just NEETs larping as millionaires

>>7474708
after all these years? idk man i never actually sat there and calculated it all out. The most i made in one day is $14,000 the most i've ever lost on a trade is $800 but most of my investments aren't in common stock..

>>7474695
I'll add it to the next OP if I make the thread tomorrow.

What should I put for the description like the other brokers listed in the OP?

>>7474759
>idk man I've never counted it
>but I want to trip anyway
>I know what I'm talking about!
>only 14k gain
ok, so you're just a regular joe lmao with an average portfolio lmao

>>7474695
Neat.

Too bad it doesn't really help me because I'm still a sub 25K poor fag who can't day trade.

Nippon get fucked.

>>7474794
i already told you most of my investments are not in common stock. how do you not understand that? i said in this post>>7474660
>i make a living off of investing.... and no that isn't just investing in common stocks..
do you think that buying common stock is the only way of investing?

read it again buddy, i do not make most of my money from common stock.

>>7474620
Dude u gotta realize that the (((FED))) has been rigging the market with QE since the crash of '08. Low interest rates have also made it so that companies use leverage to buy back shares in order to increase the $/share valuation. Most of the gains we've been seeing are all fake. Literally EVERYONE is making money on the stock market. XIV blew up a couple days ago and a lot of people think that this is the dead canary in the coal mine.

The thing is that nobody knows what the fuck outcome keynesian policy will lead us to. That's why everyones on a hairtrigger right now.

A lot of people, including me, want the shit to hit the fan so we can enter the housing and stock market. Unfortunately, (((they))) won't give up control that easily.

>>7474868
What do you make it on?

>>7474850
I don't really worry about Asian market anymore. Most of the time they don't really predict what's going to happen tomorrow.

Like last night they were nice and green and today...well you know.

BOOOYYYYYSSSS
I'M DOWN 40K$

lol Cramer's blitzed and out of his mind.

https://www.marketwatch.com/story/jim-cramer-blames-a-group-of-complete-morons-for-blowing-up-the-market-2018-02-08

>>7474901
i make the most between real estate and convertable debentures.

>>7474979
Do you buy actual real estate or just investments in it?

>>7474015
Lol

>>7473264
Exactly this. Doesn't look good desu

>>7474976
Cramer's an idiot for sure but sometimes he has good calls. He called the 2008 crash
https://www.youtube.com/watch?v=SWksEJQEYVU

>>7475009
I own rental properties, i've been a landlord for 8 years. My father was a general contractor and my mother is a real estate agent, grandparents on both sides are landlords so real estate is all i've ever known since i was a kid. I got into stocks after real estate...

>>7473443
you only have yourself to blame for your greed

>>7475087
>"mommy and daddy gave me all of my money so take my advice on stock purchases!"

fuck off

>>7474945
Sell Sell Sell! Get out while you still can

>>7474945
Forever a wage cuck
>>7474976
Kek Cramer rants make my day

>>7475132
ARE WE AT THE BOTTOM YET?
I CAN BUY 50K$ MORE TO COMPENSATE

Could this actually happen?

>>7473144
Oi you mong you take that back right now and don’t ever speak to me or my wife’s son ever again
Some of us primarily trade in stocks but also are shameless degenerates that dabble in crypto aswell

>>7475087
Ah, I own 2 homes in Vancouver, live in one rent out the other. Still not enough to live on but it's a nice bonus to the retardedly low wagie wages in this city

>>7475181
literally impossible

>>7475181
No we are having a massive, overdue correction; we will not have a complete crash. Expect DOW to 22Kish range

>>7475181
If we go to war with China or Russia and multiple high yield warheads go off over major cities yes.

Or when the Cascadia subduction zone goes off and sinks half the tech sector into the Pacific.

>>7475181

Circuit breakers. Do you even know the first thing about stocks?

>>7475121
actually no. I worked in construction my whole teenage years and even went on home school to work construction. When i was about 23-24 i realized my dad was just using me and i quit. I worked my ass off and bought property for cheap in 2009 and fixed it up with my experience. I don't even really talk to my dad anymore because i realized he was using me andmy whole family realized this aswell. I have a fucked up back now because of working construction through my teenage years and missed alot of high school things due to working and saving up money.

I'm better off than both my mother and father, my mother lives with my sister because she is horrible with money, by father took out a loan on his house and started a business that is doing horrible. Right before my grandpa died he sold 20mil in appartments and now my grandma is pissing it all away. My other grandparents don't talk to my family anymore because they are just asshole rich snobs.

Just because someone owns real estate and trades stock doesn't mean it was given to them. My parents don't know a fucking thing about investing.

>>7475199
>Still not enough to live on but it's a nice bonus to the retardedly low wagie wages in this city
i feel you, When i had one property alot of people where wondering why i was still working.. its like... uuhhh it really doesn't pay as much as you would think. It is nice making money while you sleep though.

What I want to know is, what is the Big Short guy doing right now?

THE NIKKEI WILL BE UNSTOPPABLE
ITS THE NEW DOW
GO ALL IN ON THE NIKKEI

>>7475305
Seems like not knowing about investing is genetic.

Just kidding man, I think we all have collectively given you a hard on this general. I hope you get a moon mission

>>7475388
He was yet another one hit wonder who just got lucky at the right place and the right time.

Dude is investing in water or some shit

>>7475305
bruh whats a good state to start real estate? I was thinking nebraska or kansas but Northern california looks cheap and profitable

>>7474489
>charts
>smart

in a perfect world, i'd spend 10 hours a day looking at 10k's and 10q's, not even fucking around with etfs, and see if equities are reasonably priced.

the problem is, i've got compsci finals lol.

i might actually just do that though, sell the etfs and look at actual companies and earnings.

but fuck charts though, i bet you also throw chicken bones in the air to pick stocks.

>>7474772
Charles Schwab
>$4.95 commission fee per trade
>mobile trading with phone app (honestly just as good as through desktop)
>limited financial consultation available for free without broker

>>7475390

>>7475423
>not investing in water

>Rainbow Grocery, a cooperative in this city’s Mission District, one brand of water is so popular that it’s often out of stock. But one recent evening, there was a glittering rack of it: glass orbs containing 2.5 gallons of what is billed as “raw water” — unfiltered, untreated, unsterilized spring water, $36.99 each and $14.99 per refill, bottled and marketed by a small company called Live Water.
>Mukhande Singh, the founder of Live Water, at Ukumehame Beach Park, near Lahaina, Hawaii, where he lives

pic related

>>7474805
Just something to think about anon. The difference between the trading sites posted here and Schwab is that it's actually a financial institution. Other than TD Ameritrade

>>7475502
its the bottom
we are going to 40k end of year, or your money back

if US markets go up, this will go up, because only americans trade this and BOJ aint selling shit ever

UP forever lets do this THE NIKKEI will be my savior

>>7475157
I hope you're joking. This isn't the bottom yet.

What’s y’alls game plan tomorrow? Sorry I’m still new to all this

>>7475395
i've gotten plenty of moon missions....

>>7475441
>bruh whats a good state to start real estate?
i have no clue. I haven't looked into buying more property for awhile, there are better returns elsewhere imo. I have my properties in so. california and bought them awhile ago. If you are looking for rentals look to where people are moving to, if you are looking for a flip just buy a piece of shit to fix up in a an area where the market moves fast, some areas the houses don't move as fast. You can have a city that constantly has real estate transactions and then a city right next to it that never gets any action. The flips can flop because nobody is buying that area and you just sit on the vacant property with nobody even interested in the property no matter how low the price is.

> Clients get a nice 18-25% over 12 months in their retirement accounts (managed funds)
> Put them into safer assets in December
> They've only lost 0.5-1% so far
Feels good. I wish it weren't illegal for me to recommend a portion of their assets go into precious metals, so many people have been asking me to put them into gold.

>>7474976
kek you can hear how he's being way too loud for where this is filmed

The worst thing is, I made my boyfriend buy some stocks too, he was so happy, he was up +6% in a month and now he's so angry he's losing money

>>7475388
What a shit movie... The Jews wuz the good guys and shit

>>7475781

fag

>>7475781
put that ball gag back in ur boyfriend's mouth so u dont have to hear it from that whiney bitch

>>7475843
He's supposed to be the man and he's the one crying over this stuff ffs.

>>7475567
im holding ugaz and spxs

>>7475781

Go get HIV, together.

>>7475181

I hope not. I'm just starting to enjoy being financially independent and living on my own.

>>7475213
So down 1,300 points? Wouldn't that be disastrous?

>>7476075
You don't need to be rude, khhv

>>7475526
>“raw water” — unfiltered, untreated, unsterilized spring water, $36.99 each and $14.99 per refill, bottled and marketed by a small company called Live Water.

What's the fucking point? Just drink out of a local stream if you want parasites that badly.

>>7476131
The price is outrageous, but spring water doesn't need to be treated sterilized etc

Spring water = bottled water, usually

>>7475305
>worked construction

That's the biggest lie I've heard other people say when they want to pretend they didn't have life handed on a platter to them. I'm betting you're much the same.

>>7476098
youre a disgusting fag

>>7476292
t. b& underage

>will the stock market crash tomorrow?

>>7476371
eh don't let him get to you

at the same time though no need to flaunt your homosexuality in the thread. nobody really cares. no offense

>>7476494
He's not getting to me
Goodnight anons and let's hope for a better day tomorrow

>>7476389
I'll do some technical analysis to see

>tfw long VTI

Going to buy $5k VFV

>>7476286
Kek. Yeah I can say I was a factory worker and not be lying but I’m still a trust funder.

Anyone else buy that deadcat bounce and want to kys

>>7477081
No, sorry m8. You could say I'm worse, as I've done absolutely nothing this week but watch. I don't have much money in though, mostly just been tinkering trying to learn. I'm waiting for a correction to put anything real in - not sure if this is it or not.

Remember lads, don't try to catch falling knives. Market is dropping down to 22K min, be very careful in that range.

>>7477264
suree it is buddy

>>7477264
What's causing this?

>>7477081
Yes but nvidia mooned and I was able to sell in extra hours and broke even :D

When the market is really volatile can someone put half of their money into something that shorts the market and leave the rest in their stocks just to kinda weather the storm without much loss or gain? My question is probably retarded since you could just take your money out, but I figure there are tax reasons you might not want to?

>>7476911
Nobody's going to get on you for just admitting you've got a trust fund, unless they want something from you. Being dishonest and calling yourself a self-made man while having a trust fund/real estate given to you by your parents makes you an idiot and a scumbag.

I hope you don't do that

>>7474429

It depends why your stuff is down. If it's just market fluctuation and/or you mis-timed your entry or didn't sell at the top; hold, average down.

>>7477718
Wouldn’t the potential gains on a successful trade outweigh the tax cost?

>>7477740
I don't get why it's hard to believe that some people do it on their own, I went on home school in high school to"help with family business" because you had to have an actual reason. I missed alot of my teenage years due to working from Sun up to Sun down. I would've never even bought houses if I didn't have construction experience. even though I'm well off now, I still look back and hate my dad for how he took me out of school to use me for cheap labor.. but hey believe what you want

>>7477718

What you are asking about is known as a "hedge", and traders do it all the time to protect their investment.

For example, someone will but shares of a stock, and then buy a "put option" on the same stock, which protects them in case the stock falls.

The taxes don't really come into play, especially if you itemize. When you itemize you declare both your gains and your losses, so it's kind of a wash.

Options are generally better for "shorting' the market or a stock because there isn't the risk of unlimited loss like normal shorting, and because options cost a lot less than stock and they do essentially the same thing.

>>7477924
And I'm SURE you bought your own property on this "cheap labor" your dad was "using" you for, right? You're a walking contradiction you moron, either you were used for cheap labor and therefor have no money and you're lying about your real estate business, or you're a rich trust fund kid who's LARPing and trying to pretend he's something more than a bitch.

My money's on the latter.

>>7474429
Hold. Look at the damn graphs, they go up and down all the time.

>>7477977
If tax wise it is a wash, why not just take your money out then? if the stock went up, then your put would go down, and vice versa, right? It would be net zero no matter what? Or does the put have some kind of different leveraging where if you gain you might gain 70% of what you would but if it goes down the put is like 3x or something?

>>7474489
you're stupid

AHHHHHHHHHHHHHHHHHHHHHHHHHH

>>7477977
>>7477718
this strategy is called a married put.

>>7474429
Double-down before you miss the chance

>>7478100

>>7478033
when you work from age 13-19 rent free you tend to stack up money.

like I said believe what you want, I have some mental issues and very serious physical issues because of it. I'm better off than my boomer parents but somehow I was handed things? ok

THE FUCKINING CHINK
CHIIIINK STOCK MARKET THE HONG KONG 50 JUST LOST 1000 POINTS AGAIN WHAT THE FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCKKKKKKKK

AHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>7478213
>>7478228
thanks

>>7475443
This. Look at companies' financials for long term value investing, or hodl index etfs. Technical analysis is just retarded in the long run, as a few studies have shown.

>>7478233
AHAHAHAHA, yeah, definitely LARPing. Get out you fucking pansy.

I believe that crypto acted as a bellwether for the crash and will continue to do so.
If crypto drops again, I think we can expect the markets to do the same in the following days.
Would this imply that bitcoin is close to its true value?
How reliable do you think crypto is as a bellwether at this point?

>>7478100

Because it gives you the advantages of staying in.

Let's use a real world example, General Electric (though I wouldn't actually buy them since the company is in trouble.

(these also don't include commissions, which matter in the real world but will make things harder to understand here)

Stock Price: 14.45

Put Option:
... expires Jan 17, 2020
... strike price $18 (there are several, I'm just picking this)
... Price: $4.43

100 shares of stock = 100 * 14.45 = 1445
1 put options (covers 100 shares) = 100 * 4.43 = 443

So your total cost would be

1445 + 443 = 1888

Meaning that your upside breakeven price would be 1888 / 100 = 18.88 per share.

So, what happens if the stock goes up?

If it goes up above 18.88 per share, your net position is at a profit,. If it goes way up, for example, to $30 per share, your profit would be....

(30 * 100) - 1888 = 3000 - 1888 = $1112

In this case, your capital gains would be:
+ 1200 (gain on stock) - 443 ( loss on put) = $777

What if it goes down, let's say to $12 per share.
Stock.... loss of (14.45-12)*100 = 245
Put option gain = (18-12)*100 = 600

So in either case, you're still ahead. Where you lose is if the stock loses value, but not enough for the put to gain enough to offset the cost of the put and the loss of the stock.

>>7478333
ok. good luck in life kid. you're gunna need it.

Would brk.b be a good buy during the dip?

>>7478380
Both cryto and the stock market are falling for the same reason. Also crypto has no real value.

>>7478213

Yes but...

1. a married put is also a form of a hedge.

2. I wanted to avoid a married put example because that implied buying a put at the same strike as the price of the underlying stock, and with the right pricing you'd be better off buying a but with a much higher strike

>>7475441
Georgia
Not even joking

>>7478409
>Also crypto has no real value
nice meme

>>7478384

Not to mention if you pick a stock that pays a dividend, you collect those too while holding the stock.

>>7478485
The value of an asset is equal to the expected value of its discounted cash flows.

He’s right

Meh, I'm just not gonna look at it. It'll go back up in a week or two, number of fucks I give. Every proposed reason for the crash is bullshit, and trump is too egoistic to let the market crash on his watch. Something will be done. I could try to sell and rebuy at bottom, but playing that game, moment I sell it will start going back up. Fuck it.

>>7474489
>bubble was totally about to burst brahs
It could have gone on another year or two. Am I supposed to never invest because it might go down half a percent the next day?

>>7478404
It's been one of my best stocks. Not sure how it's faring now. If I had a few grand to kick around I'd buy it at bottom.

>>7478333
you're a pansy.

>>7478610
It’s getting ass raped rn but i think it’ll be a good buy. Only reason I can tell not to buy it is warren buffets looming death

>>7478246
S&P and Nasdaq futures are still green

>>7478610

I'm going to disagree on multiple levels:

>trump is too egotistic to let it happen.
He has no control over it. The Fed has no control over it. Neither does congress or wall street.

The market will go where the market wants to go. Back in 2008 we had the best financial minds in the country trying to solve the problem, and they still nearly fucked it all up.

Just look at the collapse of Freddie & Fannie. They fought like hell to stop it, and they were still powerless.

> ever reason for the crash is BS

Totally disagree. The crash has been inevitable since at least late 2015. This crash is a direct result of the solutions to the 2008 crash.

>>7472874
here's a tip for most of you doomer retards, selling puts or put spreads down here is free money

>>7478818
well to be fair its recovered almost 400 points since I posted that

>>7478740
He has a post-death plan in place for the next tenders of the fund, and he's been removing himself from the process. He could stay alive another 10 years, am I supposed to miss 10 years of gains? Literally only reason I would sell is because Trump curse.

>tfw told my mom 3 days ago to put money into gold but didn't myself

>>7478881
golds heading to 700 theres no inflation and crypto has taken a large percentage of it's investor base

The Back-to-back Directional Changed on the Daily level have played their role. They produced the first low and then the reactionary high. We closed weak below 25490 yesterday so we now see the result. The close today below 24000 warns that we are still headed lower.

The low is by no means in place just yet. We still see the risk of moving lower into the week of the 19th if not the first week of March. The dollar is still pressing higher and that is not the real issue. The Euro will be under some question going into the Italian elections the first week of March.

Silver is falling and gold is also failing to respond as so many expected - stocks crash gold up. As I have warned, gold is not yet ready for prime time.

Tomorrow, a mere week-end closing below 24695 will be a confirmation of lower prices ahead. However, the close today below 23920 technically warns that we may test the third Weekly Bearish Reversal down at 23250. Electing that tomorrow and there is a risk that this Panic Cycle Year will indeed break last year's low of 19,677.94 before this is over and we can do this all by March.

Keep in mind that 1987 + 31 Years = 2018. The closing today below the top of the Weekly Channel, 24,437.39, has significantly warned that we are going to see lower prices. If we penetrate the bottom of that channel, 22,439.76, then there is a very good change that we will break the 2017 low even by March.

>>7478859

Both of which (unless you're talking about cash covered puts) require a level 3 options account, which most boomers don't have.

That and the whole unlimited risk, which is a bad idea for anyone at the age when the focus should be capital preservation.

>>7478932
>t. ABC business analyst
whos paying you to post this? which bank do you work for?

>>7478932
this reads like an astrological forecast but I enjoyed it

>>7478932
you might as well look at tarot cards

>>7479092

Or Gann Charts, which are surprisingly popular considering they're all bast on astrology and numerology.

>Chink Markets falling
>Crypto falling

Prepare for the gains of pain tomorrow lads.

>>7479300
cute froggy

I love how we have night threads now

>>7479300
Saved

I CAN'T UNLOAD ANYTHING
THEY DELISTED XIV
MY SPY CALLS MAKE ME REEEE
THIS AWFUL CORRECTION STOPS ME
NOW THAT THE MARKET'S THROUGH WITH ME
I'M WAKING UP, NO LIQUIDITY
MY BROKER MARGIN CALLED ME
NOTHING IS REAL BUT RED NOW

HOLD MY TENDIES, I WISH FOR DEATH
OH PLEASE FED BAIL MEEEEEE!

hk50 dropped 10% this month already
thats the Ben Ten buy signal

>>7479416
>>7479325
Go to /pol/, there is a guy taking requests. Called Pepe Drawing

>>7472974

idk man. I've been trading since 2013 and I've been waiting for this for a while now. It hasn't been close since brexit and greece default. We could get rekt and still be technically bullish.

>>7472874
lmao china's down 4.2%

>>7472874
how long until dow jones opens?

>>7479711
theyll pump it back
they cant let the niekei recover before them

>>7479742
Opens at 9:30

Get ready to buy tvix

>>7479760
it'll work till it doesn't anon.

the VIX and VIX futures will eventually cool off and you'll get XIV'd -30-50% on open

>>7478951
not with put spreads, you can sell those in any type of account that im aware where you can option trade

even a week of VIX decay will kill those puts

>>7479760
I'm not ameerican. Is that New york timezone?

>>7479432
kek

>>7480059
yes

>>7479994
I'm not an idiot and holding it

ETFs are meant to be traded intraday

In and out nigga

The Nikkei will rise to infinity!

>>7480206
w-what did you mean by this?

>>7473317
Apple is done for. They haven't been innovative in years.

I'd save my money.

>>7480296
what did you mean by this

https://www.youtube.com/watch?v=X_CyK3zPigw

>>7480393
>lunch break

wait really?

>>7480393
Just wait
every GOOD auto company is in the nikkei
just wait until the big auto bubble happens this year
mark my words
the nikkei will go to infinity!

>>7480089
So it is +- 10 hours until it opens? Brainlet here

>>7480511
yeah the japs get a lunch break

>>7480511
thats the same way i reacted when i found out about their lunch break in markets, shortly after that i went very far down south into mexico for a few weeks and realized half the businesses close in the middle of the day for nap time.

The u.s. is all work no play

would now be a good time to buy back into OSTK?

>>7480542
yes

THE NIKKEI RISES AGAIN
CAN THIS MONSTER BE STOPPED
I ASK YOU

>>7480653
for me, a close below 40ish and I'd bail, so risking 13 to make 40 or so?

4 to 1 best case scenario, seems ok probably wouldn't play it but that's a personal call

>>7480713
i was thinking more of a $50 support and test of 52wk high. are you in it right now?

Plz hold green

>>7481470
open green close red?
open red close green?
open red close red?
open green close green?
doji?

The chinks are dumping it

>>7480823
nah, thinking about stepping into some scummy crypto plays like RIOT and MGTI but not in OSTK

I could see OSTK doing a retest of that 90 level though

Is this worth reading?

>>7481571
no, the most good books are fiction horror-mystery

>>7481533
i feel like MGTI is a good buy when everyone starts to pump it, then hold it for a few weeks, if nobody is pumping it, it feels weird buying it, but thats just me.

>>7481571
Yes.

>>7481571
yes

I have about $14,000 of MU at 43 :^)

>>7481684
are you still holding MBOT?

>>7481516
It can s-still go to infinity r-right?

>>7481740

Took a 2.5% profit at 1.06 and got out of that at market open on Monday

>>7475199
That's not a gir-
Oh.
OHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!

>>7481799
y-yes
nikkei always dumps the last hour, and its the last trading day until sunday, but the double bottom for al world markets may be confirmed by what the nikkei does in this last hour

>>7481684
You better have treated her nice you fucker

>government has been shut down
hope you boys are ready for a several thousand point drop in the dow tomorrow
a bloody friday awaits

holy shit the nikkei is holding ground

>>7477718
take that log out of your head and hold it high anonbro

>>7482058

I know what movie I'm watching with dinner tomorrow.

>>7482058
>tfw ready to buy on monday
It's going to be a good year.

>>7472974
I just pulled everything I had out of stocks and into savings. Getting out while my employer matching still has me firmly in the green, the next few weeks are going to be a bloodbath.

ching chong ching chong
japs save the day

>>7482058
What we saw today was a canonical soggy apple turnover. From there it can go a couple ways, the usual pork-pie hat, or (fingers crossed) a Hank Hill hustle. Hard telling this far out.

2k in UVXY for tomorrow

hop on the gains train before it's too late. Screenshot this post

>>7478818
dude, they're bouncing between negative and positive with literally no direction

If it was like 5% green sure, but it's like .5%

5 minutes to nikkei close

I started gambling last year and a half, and after losing almost 20% of my profile chasing memes, I started a low maintenance, long term investing plan and haven't looked at my portfolio for the past year. Obviously the news about the correction caught my attention.

Right now I'm at a position where If I sell everything, I would make a 8% profit after taking the 10% hit, or alternately, I could just hold and let the storm pass, as I realize that the term 'long term investing' is 5-10 years long, eventually I'll make up my losses.

I guess what Im trying to say is, should I sell and get my 8% and wait how the market reacts?
Or should I just keep AFKing like I have done for the past year?

My gut says sell and keep the cash and buy in later, but my gut costed me 20% chasing memes when I first started this rodeo.

Tips?

>>7482948
seriously who is paying you people to write this shit

>>7482977
The fuck are you talking about?

>>7480511
>>7480615
China has this, too. Don't you remember seeing SSE Composite Index early in 2015? Fun times

>>7483005
I asked you a question you phony faggot
why are you raiding us? who is paying you?

>>7483056
Nigger, Im not a paid shill.
I'm an anon asking a legit question. I'm uncertain on what to do tomorrow.

Three things I could do:
Sell and keep the cash
Sell and YOLO on UXVY
Wait it out and not touching it as you "should do" in a long term investment strategy.

>>7483106
>mentioning UXVY
COME ON, you really think I dont know what you and your group are up to? I dont know what agency you work for but its illegal

>>7483140
Did you not read my original post?
I mentioned I chased memes when I first started reading /RHGs/
x3 ETFs are gambling as far as Im concerned, but given how everyone seems to think that the stock market will go down tomorrow - and will most likely continue to do so over the weekend - I don't think its THAT BAD of an idea to cash out, buy UXVY for friday and sell EOTD.

OR, I can just cash out and wait for the storm to pass - I think that's the better, conservative move, but I dont want to miss potential gains by being a pussy.

Lastly, I could just say fuck it and keep my money there as It'll eventually rise back up.

>>7483203
holy shit man, just stop. just stop. Its so obvious

>>7483234
I dont even know why Im wasting my time answering your stupid claims.
Fuck off.

>>7483295
Your questions are STUPID

>>7483313
Why won't you answer them, faggot?
Im asking an honest question.

>>7483432
because you are obviously working for a boiler room

i uh....ill see you guys tomorrow

have a good night and good luck

>>7483453
What the fuck is a boiler room?

this is some fucking autism

>>7483203
>but given how everyone seems to think that the stock market will go down tomorrow
dude, nobody knows how the stock market will act. unless you work for a bank and have a way to "cheat" the system it's pretty much random.

>>7483497
hahahaha exactly, playing dumb
you dont care about your question being answered, you simply wanted to make that little statement about the market, didnt you? Well you will just lie to me anyway, theres no point in asking you questions

>>7483234
anon you're really autistic, go to sleep

>>7483203
I would honestly wait for the market to fucking rip before you enter UVXY. Yeah, you may be right on time for a crash, but most likely we get a fat rally and long vol traders get btfo. Just wait a bit.

>>7483522
I agree, hence my dilemma. I think it might be best to cash out and see how the market will react this weekend.
I realize technically I havent lost jack shit, it's just that unrealized profits being eaten away is not fun to watch, especially when it took a year to get them.
>>7483562
Autism overboard. Not all of us are yale grads who manage 100k every day, faggot.

>>7483628
I don't know what your dilemma is. things will eventually turn around you just don't know when. selling is just taking a bet that has a <50% chance of coming out positive.
if you're investments are properly diversified then just stop looking at them, it's not going to change anything.

Is tomorrow going to be green?

I don't know how much longer I can keep holding.

>>7483781
It could go up, it could go down or it could go sideways. Nobody will know until close tomorrow.

>>7483943

cant you just draw those lines on the graphs and tell me?

CHINK STOCKS MOONING

>>7472874
t. virgin

>>7478404
Yes, considering Warren is surely buying something behind the scenes and he has 100 BN$ of cash

>>7484112

>>7484112

HSI is getting destroyed. Nikkei also but it's closed now. What are you looking at?

Dow futures is looking okay at the moment but that shit is barely ever indicative of shit. We will see when the first hour of real trading happens if we are fucked. Black Friday gonna take on a new meaning if people don't wanna baghold for the weekend.

>>7484205
The heng seng is recovering
we did it boys

>>7484255
what are YOU looking at? Im watching both those indexes all day every day on minute candles

>>7480206
>ETFs are meant to be traded intraday
*ETNs

>>7473608
ive been buying SPY as low as I can over a period of days, lets hope it bounces back...... RIP
guess ill be selling it when i retire in 20 years

>>7484283
>mooning
>HSI gapped down

hmmm

>>7484255
I was hoping for Vitasoy to drop dome more before scooping a lot and some fucking soy chink boys bought the dip

I aint paying 30+ PE for a soy juice company

>>7474472

>>7485041
me on the right

The nikkei continues to moon in futures
the hsi is swinginging wildly
markets are saved
we did it boys. we went all in on the nikkei, full leverage, and it will finally pay off

>>7482948
You came up with a strategy, now just execute. I'm sure when you started your "low maintenance, long term" plan you realized there was gonna be pullbacks, right? Just leave your money. You wanna play with stocks? Fine. Find some new money to throw around. But stick to the plan.

>STMicro up
Well maybe one day I will not blame myself for putting a month of salary in this.

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>7486268
I feel you, bro

>>7472934
>SPXS
hes pretty cute

bampu

>>7474507
>WHO THE FUCK IS BUYING SNAPCHAT?!?!
Fear our power yet?

>>7487725
>/smg/ at 5am

Might as well let this thread die so we can have a fresh one at open

>>7487871
I'm hoping for EU traders to eventually notice this thread

>>7474507
Irrational perception, just like people buying shitcoins

>>7487910
What's the point, EU is just following what US is doing.

Why the fuck doesn't it let me set a buy order. Keeps giving error and saying I need to call in.

>>7472974

You are thinking far too short term. This time next year the interest rate will be 2%, the 10Y yield will probably be 4%. What do you think equities are going to look like then?

>>7474429
it depends, if you're in a recession it's a sell, if you're not in a recession it's a hold

we haven't had the stock market go up during a recession since like what, the 1950s?

>>7488289
what do you think happens from 9:30 to 15:30? EU stocks just don't stay there at 0.00%

>>7482344
shitty movie, it has NO tension

it's just people working, getting fired, etc.

the big short was way more entertaining

Anyone know the best way to invest in Aus?

>>7488491
Probably get in the green in anticipation of US futures. But that may be short-lived. It all seems like a big toss-up to me right now

Give me a meme to start due diligencing.

bump

>>7489418
SPY

I bought NVDA stock when it was at $220, should I sell as soon as the market opens or hold out and hope it doesn't crash?

You guys heald this thread up all night. Nice.

>>7473878
sell naked SPY call options

or just go to a craps table

>>7490873
>he sleeps while the market crashes

Dow Jones Futures down 150, and as we saw yesterday it will only get worse. How low can we go?

Reminder of yesterday's event on /smg/

>>7490978
>Not being able to sleep through the storm

I'm going to sleep now guys.

I guess I'll wake up around when it's over, god help us all.

>>7491047
Very good sir. Have some 4Chan Gold

>>7491248
I finally made it

I'm going 70% flat cash, 30% Gold/Silver and keeping a hair trigger on TVIX. I reccomend that everyone Get out during this morning bumb.

First

>>7491047
Reported. This is /biz/ not pokemans. Go to one of the various pokemans board to post pokemans. Try /a/ only warning

>>7491589
mean

We going to sell again or rally?

>>7491589
Repored

>>7491982
Hang on, let me grab my crystal ball.

Anyone know if there's any actual reason the market is crashing?

>>7492161
Trump has gotta go all Andrew Jackson on these central banks or we're fucked.

Morning pump looks strong

>>7492161
Best guess I've seen is that a big surge in Dollar-Euro carry trade led to a stampede of deleveraging.

Make a new thread

You lads ready? This is going to be one hell of a wild ride today