/biz/ - Business & Finance

daily reminder

First faggots

aka I remembered the title this time edition

Just...

>>9249825

>>9249827
What'd you do anon

>buy crc through earnings
> earnings .18 on an expected -.77
>buy on open
>stock blows through the roof
>buy at height
>sell at lowest point since open
>stock continues to grow without me
it hurts anons

>>9249854
I'm the retard yesterday that bought a GPRO and CBS put. The GPRO put wasn't a big deal, the CBS one is ripping my asshoke to shreds. Thank God I all in'd USO or today would be much worse. I said I would post my embarrassing losses though.

>>9249825
Blessings upon you

Reminder Pepsi will soon become a sovereign corporation

>>9249884
sell on open*

Anyone here know how to value securities?

I've been looking at EGO and I do not understand how the business as a mining concern has a book value of 4 billion, but only generates ~22 million in revenue each quarter and has negative cash flow.

How is that even a thing?

damn SPY just blew right through the 20SMA. its good some oomph behind it for once. might look for a little scalp into close but at this rate, i doubt it

Damn something just damned on my retarded brain

You only have to have the capital to buy 100 AMZN stocks and then you sell weekly OTM covered call on it.
It should net you about 1500$ per week.
Just think about it : 160000$ isn't that much money

>>9249888
always learn more through getting btfo

>>9249929
>160000$ isn't that much money
Eric is that you?

>>9249937
earings on CBPO today after hours, buy or die?

Newbie here using TD Ameritrade because a friend referred me.

Does anyone use a written trading plan they adhere to? Or do you just trade on a whim?

Currently overwhelmed with all the resources TD Ameritrade has to offer but I've been trying to make use of them and Investopedia.

>those GEL earnings

>>9249937
Yeah that's true, and honestly the money I lost just cut into my SNAP put I made, so I only lost profits not base capital.

>>9249964
why do you like the earning coin flip so much? Seems pretty random to me unless you have real industry or company insight

>>9249964
Buy, lose all your money, and realize patience is probably more profitable than gambling on earnings

>>9249907
Watch "The Producers".

>>9249888
how much time do you have on the GPRO puts? i think it could very well dump into close. the sentiment seemed pretty negative still. if any of the indexes turn you might end up ITM

>>9249953
I am a former business owner and 160k won't even get you a shitty retail store
It won't even buy you a tiny flat in a half-decent city

With 160k you can buy 100 AMZN shares and then you sell covered calls against them
Last I saw, even the slightly OTM weeklies are trading for 15$, which gives you 1500$ per week, or 6000$ per month or 72k$ per year !
Even if things are not that rosy, you can reasonably expect at least half of that, and I would definitely be happy lhaving 3000$ income per month.

>>9249964
The spread on the options is fucking terrible, stay away from this anon seriously.

>>9249809
Ok. What manga is this? Is it good?

>>9250034
They expire on the 11th, there is still time and it's a $5 put so not impossible. I only dropped $35 dollars on that one. The CBS put cost me $118 that's the one that hurts and it's going to expire worthless. I knew what I was getting myself into though.

>>9249974
If you are a retired grandma, do whatever trading plan they suggest. If you're like, 20 and make decent money you should attempt to trade on a whim, after several hundred hours of research.

Now is a tricky time to start buying stocks and bonds. I'd stick 90% of whatever money you have into a money market or short-term US treasury bond instrument and play with the remaining 10%.

For a real gut-check, buy shares in MNK. If you can hold it without vomiting, you might just make it.

When will Trump shitpost about China's shitty negotiations. They are about to get the full fury of a million burgers

>>9250060
its a doujin and yes
Himitsu no Soap-bu R The Momoyuri Academy Secret Soapland Club R

>>9250003
better than the alternative

>>9250035
you sell the front month or weeklies?

>>9250034
>>9249888
>>9250066

my jap lines are saying 5.60 is the ceiling for GPRO, and then we will see the swingers jump

i still think the sentiment on the ER seemed pretty negative as they are still entirely unprofitable even with the new tax cut. i suspect reality will set in sooner than later. i have the 5/18 ones

>>9250093
I just have this idea
I personally don't have that kind of capital

I would sell the weeklies to benefit from the theta decay

>>9250067
I'm 27 and trading stocks on a whim with my savings of $10k lol

I really don't know much about other types of investments but I'm doing my research. Bonds are just less risky forms of stock, right? Smaller returns for more security?

>>9249231
uhhh I have BKS puts. $5 and $4 for July. Are we still in a consensus that it'll fall?

$MTSL

>THE AGE OF THE BULL IS OVER

>THE AGE OF THE BEAR HAS BEGUN

>>9250139
most retail traders probably trade bond futures which are super leveraged, so no

>>9250165
BKS has been annoyingly resilient, it's really hard to say at this point.

>>9250127
And think of GPRO business this way : they are just another trinket maker that relies on marketting and special snowflake hype.

Much like AAPL or Razer in my opinion.
I admit AAPL is the better off of the lot. It is difficult to sense as to why they will grow in the near future.

>>9250139
Sign up for Sean dekmar he does live trading every day and has a massive video library

You can try a two week trial for free

I know I sound like a chill but the chatroom is the best

>>9250184
i know
yeah sure they make nice cameras
and its a niche
but everyone already has one that wants one
i just dont see their potential for any kind of longterm growth. hence i think this last pump is on the back of swingers who will leave pretty soon (maybe even before close)

>>9250184
I have some big doubts on the remaining growth potential in smartphones and honestly.

>>9250212
Sweet thanks for the tip anon

First

>>9250247
And personal computers honestly*

>>9250247
>>9250264
>a
>fucking
>notched
>screen
Yep, there's not THAT much more to be done. I don't expect much more than gimmicks and then thereafter some kind of standard for smartphone features and size to arise.

Hope you bought TVIX

>>9250139
Real bondholders buy bonds for $10,000 at a time. You might look into whatever credit union or bank you brokerage with money market account. MM's are always simply mutual funds that do nothing but buy short-term bonds, ususally treasury bonds. This has the net effect of +1.68% interest, less than inflation, but better than it sitting in your checking account.

Stocks are portions of ownership (and control) of the corporations that issue them. Shares have real value, independent of the price you might see the for sale on the stock exchange. Remember this is a legitimate ownership of a real business, even if you have 1 share and own the equivalent of an office chair in that business.

Bonds are debt. You are loaning money for an agreed amount of interest and an agreed date where that principle you offered is repaid. The key is buying debt below it's face value. So, you are offered a bond, at 5% interest, for 10 years, at $1000. It's NAV is $1500. $1000 + 10 years of payments at 50$/ year.

>>9250253
Also I would HIGHLY recommend paper trading for 2 to 3 months before you use real money

>>9250315

It's better to use a small amount of real money, that way you know what a loss actually feels like. It's not the same with fake money.

>its another parabola day

>>9250336
That too but he needs a system down first

>>9250239
>>9250247
The business of selling trinket is not a good sector for investors. Except if you can spot the next big thing before everyone else.
There are only so many useful humans on earth with sufficient disposable income

I have read stuff about new dental prosthetics. ALGN has been wrecking reports after reports.
The valuation is overly rich but for those who believe in the hype, why not.

>>9250295
There's a lot of improvements possible, like power consuption, wafer level 3D integration or microled displays, but no revolution that will cause everyone to drop their phone for a new one.

>>9250295
>Yep, there's not THAT much more to be done. I don't expect much more than gimmicks and then thereafter some kind of standard for smartphone features and size to arise.

Same thing happened to TVs over the last two decades. After integrated WiFi most things were a gimmick. The price of them crashed overnight. Glad I got out of that industry.

>>9250307
Thanks for the clarification, so you would suggest bonds over stocks at first?

>>9250315
Is paper trading just simulated trading? I'm trying to develop a system but still in the process of learning fundamentals.

Brainlet crypto gamblers are shitting up this board.

Fuck 2016

Thinking about parking my emergency 10k into SHV instead of a savings account.

What say you, /smg/

>>9250402
All in on SPY after the crash

>>9250382
Yeah it's simulated

It helps you learn how to get in and out of trades

But as poop said don't do it to long because you need to know what it's like to play with real cash

Closed SPXL long!
MWAHAHAHA'd @ GoPro Price


Two days row massive profits!

>>9250342
SINK DAMN YOU

>>9250172
*charges your flank

Where do you think the top is for USO?

>C is finally in the green zone today
Took that piece of shit long enough.

When I get home I'm going to try and muster up some Finn magic and crash GPRO, I'll take a shot of Finlandia and scream "PERKELE!" on the hiking overlook

>>9250382
Screw paper trading >:D

>>9249907
that's very simple. Simply said based on what is estimated to be in the mine (total amount of for example raw copper) is worth 4 billion.

Out of the 4 billion total estimated amount they extract 22 million worth of copper each quarter.

>>9250382
Higher risk investments yield higher returns (when they return). Typically in order of least risky to most risky it will be:
Gold/commodities>Bonds>REITs/Mutual and index funds>Blue stock>Pink stock/crypto

Most investments fall into one of these categories unless you start looking at special securities or CDs and shit. Some people make a killing in stock, some people get shit on. My family was in Enron heavily. We were and now I am diversified across all of the above to mitigate risk. Typically as you get older you pull out of the more risky shit and start to go into less risky shit.

Read "A Random Walk Down Wall Street" if you get the chance.

>>9250467

>>9250354
>>9250376
You wait until they put teleporters in the smart phones.

ADVM puts people, it's dropped almost 20% and earnings isn't even until the 8th. You heard it here first.

Why is the secondary bond market so incredibly gay? I want to buy IG corporates with 1-6 months left on them but the secondary market has minimum quantities of like $50,000.

Is this just a Fidelity thing or are small retail investors just being squeezed out of the secondary bond market?

>>9250564
I am no Bog.

>>9250425
good job on the GoPro call.

why'd you close your long now instead of where you marked the close on your chart this morning?

>>9250581
Not happening. Enjoy your brain needles instead.

>>9250609
It's to keep the rif raff and kiddos out.

When will today pop? its at peak parabola now, The sellers are only treading water right now letting the algos give them more upside to short.

>>9250550
Thanks a lot for the advice anon, what is the suggested reading about?

I'm opening an IRA account with $3k but I'm not sure how to manage it. I was thinking index funds?

P up 25% after missing earnings horribly, how is this possible?

>>9250653
If your brokerage offers a commission-free S&P 500 ETF just dump it into that and never look at it again unless you are buying more.

>>9250668
>after missing earnings
you obviously didnt read their call, they did great. revenues up 10%, subscription revenue up 60%, number of subscribers up 20%

>>9250722
Then why did the miss EPS by almost .20?

>>9250722
This CFO and CEO should be brought up on charges. Running a Ponzi scheme and NASDAQ has them listed still. This will end badly. Madoff.

>>9250722

This is such bullshit. Pandora is a trash service compared to Spotify. Who the fuck pays for Pandora?

I'm not holding Spotify, but I'd like to.

>>9250757
eps was higher than anticipated

>>9250785
pandora has more north amercian users than spotify

what's a pandora ?

>>9250798
The expected EPS was -.38 actual was -.55 how was that higher than expected?

>>9250833
analysts wouldnt lie to you, would they?

>>9250869
Sure it's possible, but is conspiracy really what you're going with here?

Hurry and buy Nutanix before you lose the chance for gains. Also obligatory shilling for Twitter, OKTA, SHOP, GRUB, and PYPL before you’re priced out as well!

I did end up buying IQ today. Not much though.

>>9250882
its better than 'wall street is so dumb they're raising the price of a company that didnt beat their expectations.' you're looking at the wrong numbers.

I'm down 14% on QCOM since I bought.

Go ahead and laugh at me.

>>9250633
^_^ ty
Fell asleep, was long night....

>>9250922
Not laughting, it's pretty bad news for the industry I work in.

>>9250915
All I know is i'm going to short the shit out of them with $7 puts, this is going to come crashing down. Wish me luck.

>>9250983
good luck!

gopro is still climbing

>>9250993
GET REKT
GOPRO H8ERS

>>9250993
There isn't enough PNW barista's to keep this propped up, be patient.

>>9251001
D:

>>9250922
Can't believe QCOM do so bad now they have government support monopolies on American phone micro-archetecture..stocks are weird

>>9251002
Truth

All dis FOMO, what's the strat right now?

>>9251085
buy and hold until moon

>>9251085
keep buying

>>9250908
>buy high sell low
We've been trading sideways for the past 3 months what makes you think we're going full bull today?

>>9251067
Phone market prospects are pretty grim, and they are a fabless to boot.

>>9251085
I should have fomod in earlier desu
I keep missing opportunities to buy below 2600

>>9251085
This isn't in Robinhood is it?

Gains like this daily for the next two weeks and I will finally be back to where I was in January.

>>9251126

Nice

anybody else here trade using bitcoin on 1broker or 1fox? im long 15x leverage in all the indices today, nflx, twtr, goog, im up 20% today lol stuff is mooning

cant wait until we go full bull or full bear and i can ride out 15x the index gains....retirement is close by

>>9251124

I heard FOMO corp. was trying a hostile takeover of TVIX inc.

I thought 265 was the top, now I get to get fucked.

>>9251126
Yeah it's been a pretty good day desu

>>9251171
maybe trump will save you with a tweet about china or something

>>9251181
Teach me desu

thanks Trump

>>9251124
You have to send a request in RH to buy FOMO just like with options, because it is a recently listed stock. You should find that option in your account settings.

eur/usd already down 5% from tops

Stoxx 600 europe below 2000 level, making 20 year bear market in europe price indecies likely scenario

>bears

wew lad this squeeze could get ugly

>>9251204
Pretty sweet for euro industry, not so much for US.

Norway's pension fund (largset fund in the world over 1t) to increase stock holdinsg of portfolio over 70% from current levels

really green day today!

does this mean TVIX Corp. and SPXS Ltd. are going to be posting big earnings beats this weekend?

>>9251364
Wew lad reversal imminent buy buy buy

Let's go Finn magic, got a shot and a cheap gas station smoke. PERKELE GPRO!

Pensions going bust, amateurs allocating moneys

>>9251402
did he died?

does anybody using pro tradingview i think it slike $10 a month? can you get mobile alerts, text alerts? that stuff seems worth it, i'd like to know when forex hits my entry or targets...TA works great there

>>9250550
This guy is clearly retarded.
REITS, Gold, commodities are not safe assets. REIT should be evaluated the same as stocks, REITS are ready to collapse any day now with the real estate bubble expanding as it its.

Gold is a speculative vehicle. Commodities involve futures and there are millions of assholes in that market.

>>9251408
Heck no, Finns never die

Spy broke the channel, where are the bogs when you need them!!!

>>9251407
bonds are outperforming stocks right now tho

>>9251355
Why don't we do cool shit like this in the US?

How dope would it be if we had a fully auditable national equity portfolio?

>>9251402

with finns you win

>>9251534
because we have VANGUARD

>>9251543
One day Vanguard will be the majority shareholder of every company in the s&p 500

What happens then?

>>9251598
nothing

that's the whole point

>>9251535

>>9251598
every company merges into one giant conglomerate and we begin the anarchocapitalist utopia

>>9251598
>blocks your path

>>9251658
Let's be honest : I don't want to see a shitter like Musk with the industrial power of Ford and GE in any timeline.

>I heard he doesnt even own any TWTR!

>>9251703
There is a ton of TWTR shilling here, nobody wants that turd.

What am I doing wrong yall?

>>9251726
You opened a portfolio at what was the peak for most stocks

>>9251355
They shouldn't increase their equity stake. Instead they should decrease it somewhat and increase their real estate and gold holdings.
>>9251534
Look at Alaska, they hand out their oil profits to the plebian tax payers.

Norway got it right. Don't give money to retarded plebeians. They will just spend their money on crypto, vacations and cars.

>>9251789
Well fuck. What do I do now.

>>9251805
Wait

>>9251805
wait

it will coem to you

dont stare your at $300 balance every day or even week

>>9251805
Short the shit out of the market.

>>9251726
You didn't sell high.

>>9251805
Buy high sell low it's the biz way

>>9251726
>not investing in oil

im selling off part of my longs now

im afraid we could have a weekend selloff friday sour hour episode

I'll probably regret doing this

>>9251805
HODL

>>9250382
>>9250550
>>9251422
If you want bonds, I'd suggest short term treasuries like T-Bills. I've got $2500 (face value) in the newest US 4-week.

You could always go to www.treasurydirect.gov and place a non-competitive bid on something. You get your bill/note/bond at primary market prices, and will always get face value back. You'll get a coupon, a semi-annual payment of stated interest, if you buy 2 year notes or longer term securities.

There's a weekly auction for 4 week bills every Tuesday. If you get your bid in early on Tuesday, you are almost certain to get something.

And before you go and think you will get a 1.665% return after 4 weeks, that's annualized. Real return after 28 days is just over 0.128%. Better than a savings account, but still shit.

Real magic is when you trade those bonds. My Canadian taxes are going to be a mess next year and my wife will hate me for it, but if I've read the tax code right, I may be able to claim a capital loss and still make profit on trading 4 week bills as long as I dump in a couple of days.

Anyways, short term treasuries are exceptionally safe. As long as they are not Egyptian, Venezuelan, or Ukrainian mind you.

Welp was a bit fun hoping baggy was right about the 265 spy peak

>>9251933
Options on spy feels way too much like forex binary options which is flat out fucking gambling.

>>9251933
We're still going to $250 before or immediately following fed shit post mid june.

>>9251677
hahah did you see RGR and AOBC today?

up 3% immediately when Trump started speaking at the NRA convention

why the fuck did I sell RGR yesterday? *weeps*

Strap in, boyos. Power hour lift off behind in five minutes. Hold on to your butts!

>>9251994
Yep, I just thought it was funny that he was going after vanguard and blackrock, what the fuck's his problem anyway. Great way to get seth rich'd

>>9251929
Ukraine is alright for bonds, unless you really think they'll be annexed by Russia. Problem with foreign gov't bonds, especially emerging market debt, is they have zero incentive to pay you back. If it's better to not pay you and take a hit on their 'credit score' they will do that. They'll default even if they have the money, because fuck you, and good luck getting your principle back.

Anyways, Ukraine is fine, but you're right about Eygpt and """v*n*zula""" though.

did TVIX corp have an earnings miss or low guidance or something?

why's it down today?

did anyone buy shopify when i was shilling it around 100 bucks?

>>9252069
papa buffet just gave tim cook a hot money injection

>>9252069
It just had a distribution phase and is now in an accumulation phase.

Who keeps buying shares in this meme camera company that doesn't make money?

Jesus, someone is trying to sell 30 CBS calls at $1 and their are 0 bids, driving the price up to .50, almost made me hopeful when I saw my portfolio jump, but alas it's false manipulation.

>>9252140
Ask yourself if Uber ever made money (answer : no).

>>9252167
Branching off this anon, if we posted a low volume, well performing stock on reddit do you think the influx of buyers would drive the price up for us to dump? Or is this a bad long term strategy.

It seems very low volume stocks can avoid the havoc of red days since its holders intend to not care.

>>9252044
I'm not so sure about that. Ratings are NOT investment grade.

Moodys
Caa2 with a positive outlook
S&P
B- with a stable outlook
Fitch
B- with a stable outlook

I mean that 14.5% coupon on the 3 year is tempting, it's still a junk bond.

>>9252005
I want you to know that I bought a SPY put ATM right when I saw this

I can only afford one because I lost my ass on GPRO this morning

>>9251929
>but if I've read the tax code right, I may be able to claim a capital loss and still make profit on trading 4 week bills as long as I dump in a couple of days.
this is fucking slick as all hell

>>9252005
BULLS

PREPPED

>>9252270
the chad bull and the virgin bear

we going SPX 3000 first before crash

i won't even bother pretending i know what's going on in this fucked up crazy market anymore

>>9252304
I plan on selling at 3:59 regardless of what happens

I have no idea what to hold through the weekend in this market. I think I'm done playing earnings though. Although, SYY and TSN are tempting...

>>9252268
Due diligence with junk bonds like this means more than taking Moody's word for it. They can assign a credit rating, but it doesn't tell the whole story.

>>9249797
>missed the CREG meme 2 months ago
AAAAAAAAAAAAAAAAAAA

AAAAAAAAAAAAAAAAAA

NOT PREPPED NOT PREPPED

>>9252295
Canadian tax code is a mess.

Here is an example straight off of the Canadian Government website:

"Example
Logan bought a T-bill on May 1, 2017, for $49,500. The T-bill's term is 91 days and its maturity value on August 1, 2017, is $50,000. However, he sold it on June 13, 2017, for $49,750. The effective yield rate was 4.05%.

Logan calculates interest on the T-bill as follows:

Purchase price x Effective yield rate x Number of days T-bill held ÷ Number of days in the year sold
= Interest to be included in income

$49,500 x 4.05% x 44 ÷ 365 = $241.67

Logan calculates his capital gain as follows:

Proceeds of disposition − Interest = Net proceeds of disposition

$49,750 − $241.67 = $49,508.33

Net proceeds of disposition − Adjusted cost base = Capital gain

$49,508.33 − $49,500 = $8.33"

I will either pay pennies on the dollar in tax or register a slight capital loss (which I can carry forward until death) on every trade and still make profit.

It was a good day

>>9252268
It is, admittedly, tempting. How do I buy Ukrainian bonds?

>>9252448
You'd have to find a broker-dealer to provide them. The secondary bond market is like trading from home in the 80's.

You will need:
1. An account with money in it
2. A phone book of broker-dealers
3. A phone

I'm not even shitting you. This is how I dumped my last 4-week T-Bills. I started calling every bank here in Canada with an investment arm and tried to deal.

>>9252445
Bears rekt

>>9252538
Does this mean monday is going to be a blood bath?

>>9252558
Could be. The smart money has already left the party.

>>9251952
oh youre no fun
just papertrade take notes and adjust indicators (rinse repeat). like you said its a binary play, so you just have to test and see if its giving you a good signal, and if you keep getting false signals, you have to adjust some variables. then try again. once you get close, start testing it with like $50 positions. only take positions on reversal points and set how many candles out youre gonna hold

>>9252432
i know its geeky as all hell but i find these kinds of tricks incredibly interesting

i need to figure out something like this in the states

>>9252448
>>9252534
Oh another thing, you will need tax documents. I had to get an ITIN from Uncle Sam to buy 4-weeks on Treasury Direct. There are tax implications when you buy a debt obligation from a sovereign nation.

I don't even want to think about Ukrainian tax documents or filings. Your W-7 and W-8 forms are cumbersome enough.

>>9252558
I'm getting ready to dump the stocks I bought yesterday.

>>9252445
>>9252538
kek i know, right?
even i was bullish today. felt weird desu. its been a while since i actually followed through on a bull play

>>9252076
I bought after the dump a little while ago, then I sold so I could buy something else and lost all my gains and then some

i hope this shit is the return to normal. Gave me memories of 2017.

>>9252700
same, i miss the good hold buy everything with two fists days

fucking FEB and MAR were just one long margin call for me

>>9252627
Oh fuck, I didn't even think about that. No coupon is worth filing Ukrainian taxes.

I hope you guys bought the HABT dip

>>9252268
I thought you guys were discussing Bills? I dont think there is any immediate default risk.

Id totally suggest Argie bills if you can somehow get them, they did a third rate hike this week

>>9252754
I bought the tsla dip after it bombed yesterday and just sold it at first. Made a cool $250.

Why can't I buy THD on Robinhood?

Last chance to buy P puts everyone. Don't miss out.

>>9252824
i always abide by the 3 day rule
maybe next week ill short P

>>9252844
Only reason I suggested it is, $7 puts are dirt cheap right now.

>>9252759
ha holy shit. that must hurt

>tfw just started using RH after a one year haitus
So why aren't these threads that big anymore? Are people seriously choosing crypro over rock solid investments like stocks? Whatever happened to the Robinhood discord?

>>9252876
Dude you have 300 dollars why do you think you have "rock solid" logic

>>9252876
>So why aren't these threads that big anymore?
They've never been bigger in my opinion. A lot of cryptards came over here after the crypto crash and never left.

>>9252607
I literally stumbled upon it trying to find a more efficient way to fill out my schedule 3 and T-5008 worksheets (all dealing with securities/commodities of one kind or another). I had 40 T-5008 worksheets to fill out; 1 for every in/out trade.

I trade out of a tax-sheltered account now. Though, after the CRA going after high volume traders using said tax-sheltered accounts, I have a feeling I'll be brought up on tax evasion charges too sooner or later; I just haven't made over $500,000 per year to show up on their radar.

Oh, another thing. I wonder how my US T-Bills will be treated. Will I file them as bond income, or as a currency trade PLUS bond income...

I'll have to hire someone to do my taxes... I do them myself currently. All this from a guy who almost failed grade 12 math and was told by the high school councilor "University isn't for you... Maybe you could think about being a trucker. You love driving."

>>9252759
Still have tax implications. I can't speak Spanish man.

>>9252339
>>9252304
there's that EOW selloff I was waiting for!

>>9252867
Quite.

>>9252876
And your gf has a rekt pussy
>>9252754
I bought after I saw someone lose money on puts the other day. Fucking based

>>9251864
>>9251864

damn did he just call out literally the absolute top of the day!?!??

you kids have a good weekend now. dont spend it all in one place

Down 30% on GPRO puts, come next week we shall have retribution

>>9252977
h-how much?

>>9252986

>>9252977
Spin all i got are options to put SPY on some one else for 265 dollars a share, but I'd have to pay like $265.91 a share to do it, so I don't think I'm going to do that.

>>9252759
Just checked. JESUS... 28.1% yield on a 1 year. I imagine that's better than the average yearly return of a /SMG/ poster.

>>9252977
Very nice... But vinyl is pleb tier. Latex master race. Trust me on this...

no furries allowed. dumbass

>>9252913
kek at those academic cucks
I understand now why maths can be viewed as boring... until you put a $ sign on it

Everything is much more interesting

TSN announcing earning before market opens on Monday.

>>9253034
Hope you bought calls and not puts.

>>9253034
SYY too. I bought shares; gonna stop with options on ER after I just got fucked by GPRO

The last minute dump wasn't as bad as I thought it would be.

For me this was crazy week full despair from banking errors to redemption from two straight days of 15%+ gains

Whew

>>9253065
How do you have banking errors? You're not form the US or Canada I'm assuming?

>>9252913
this is really cool.
but seriously man, be careful. especially talking about the specifics on here. no need to give anyone any clear signals of what youre going for in this kinda grey area stuff (if youre picking up what im putting down here). just be careful with this site in particular.

scrape, scrape like once a week it seems lately. has me spooked, ill tell you what

>All this from a guy who almost failed grade 12 math and was told by the high school councilor "University isn't for you... Maybe you could think about being a trucker. You love driving."
nothing wrong with being a truck driver m8. its good money. the only "threat" to that job in terms of security was TSLA (lel) and his retarded self driving semitrucks (i literally cant think of something more fucking irresponsible. i understand human error is a thing, but unlike computer error, the driver will atleast try to not kill himself and others if hes conscious). ive thought about getting my CDL myself. i already drive vans and shit all around all the time anyways

>>9253019
Thats not adjusted for inflation probably. The premier sovereign bond for 2019 (AA19) is currently trading at a meager .74% IRR.

https://trading.portfoliopersonal.com/CotizacionesItem/775079/3

The longer duration bonds though, those have really big yields (above 8%), and are dollarized, but are definitely not risk-free as much a I wish they were. AA37 for example.

>>9253056
Any reason for this? Options are a completely new thing for me.

>>9253172
buying calls = bullish
buying puts = bearish

he's saying TSN is going up

>>9253153
yeah I was wondering about those crazy 20+% bonds
Must be in argie pesos, whci are worthless

>>9253172
dont tell me you bought options without knowing the diffrence between calls and puts

>>9252986
>>9252993
knew i shouldve gotten those 2 month ones. i was being cocky. but the leverage looked kinda shit and i didnt wanna go deep OTM

>>9253172
Learn them
Watch the videos in the OP

I don't trade : I invest (lel) and I don't want to do that without options now

>>9250035
How expensive are commissions on covered calls?

>>9253216
>>9253172
K E K E K E K E K
E
K
E
K
E
K
E
K

>>9253216
I haven't gotten into options but I'm glad they're available on RH. So do most people just trade options now instead of stocks?

>>9253340
With my eurobroker, 3$ per operation, + LIBOR+1.5% of carrying cost (so negligeable for weeklies)
As I said, am I retarded or is it actually a legit trade ?

>>9253384
my advice:
dont trade options

>>9253400
I guess options are for people who really know their shit.

>tfw had AAPL and it hit an all time high today
You bet your ass I sprinted home to dump that shit. Praise Bogdanoffs!

>>9253111
I know drivers that make 6 figures working 4 months a year hauling herbicide and fertilizer in tankers. Due the the time sensitivity and seasonal nature they basically charge what ever the fuck they want and get it because the shit has to get there.

>>9253111
The CRA is going to scrape here? I understand the IRS... Besides, the "TFSA" (Tax free "savings" account that already has government regulations regarding trading out of one) is completely legal and was introduced by the government a few years ago in a federal budget; 2011 I think. I'm not too worried.

These cases are few and the only penalty is to pay the tax that is owed. In one case, the guy had to pay just over $100k in tax; he also made over $900k trading out of his tax shelter.

The thing about being a trucker... I'd hate to do it. And other truckers on Canadian roads are maniacs; student-visa Indians who don't know how to drive and plow into building and infrastructure like highway overpass pillars. I'd honestly take 1000 of Elon's monstrosities than one student-visa wielding Indian in a highway truck.

>>9253153
>>9253202
I completely forgot about the currency conversion over time even though I mentioned it here.>>9252913
Fucking stupid I am today.

Enough of this... I'm going to lie down for a bit and drain my sinuses. See you guys on Tuesday. I'm busy Monday and won't be around.

>>9253409
I see people losing 20+% of their portfolio in a single day here trading options

>>9253549
Lost 12% today gained 22% yesterday, it's just highly leveraged trading. Obviously people who are new shouldn't even fucking touch them. I keep about 80% in safe stocks and fuck with the other 20% on options.

>>9253549
I have always lost on my long option positions so far
Yesterday I bought an OTM ATVI put (with 11 days expiration). I was ITM after the Dow Jones fuckery but that shit was still below my purchase price (the magic of vega)
Morality : don't buy options, sell them instead. Look into the "credit spread" strategies.

>>9253635
Try buying ATM more often, I always lost on most OTM options, as soon as I switched to ATM I got much better returns.

>>9253079
Not quite sure why, or how Robinhood came up with these numbers but:

Deposit to Robinhood > Reallocate Stocks With New Money > Bank Stupid Declines Payment (called them they fix) > Robinhood Nixes all trades > Lose $70

>>9253549
oh I've lost way more than that in one day before

>>9253549
You get used to it, it's great for my grip strength

>>9253742
don't baghold options

Learned that one the hard way

>>9253753
Hey now, if they're worth literally nothing they can only go up at this point :^)

Best Buy quarterly report due on the 24th or 25th of this month. You guys think I should increase my positions?

>>9253784
lets see ... retail... "no"

but then again I was wrong about Big 5

>>9253821
Best Buy apparently does abnormally well for retail, and news about it has been good for most of the year. They've sealed deals with Amazon, and they're a tech retailer.

>>9253850
word up I dont know much about Best Buy and TVs are something you want to see before you buy. I disagree with the idea that adding "tech" to the front of a company makes it worth more, at this point even banks and trash collectors are calling themselves tech companies.

>>9253821
>>9253850
Exactly everybody goes to best buy so they can buy the device that allows them to shop on Amazon.

How did you do this week?
OLED,P, GPRO, APRN cucked me quite a bit.

>>9253850
Which is kind of strange. The only reason I used to go in their was they had a massive fucking selection of movies. Now it's pretty pathetic and I have literally no reason to ever stop in there again. There are basically a phone retailer, with a shitty appliance section now. They don't even sell PC's anymore hardly.

>>9253916
I went there to buy a new mouse. Store seemed to have quite a few people in it. I guess people sometimes don't feel like waiting for things to get shipped and delivered.

>>9253939
>I guess people sometimes don't feel like waiting for things to get shipped and delivered.
This is why Amazon hasn't completely cucked Walmart yet.

>>9253914
I was green for the week until today. Fucking SPY and GPRO

>>9253914
made a nice $500 of of Pandora

>>9253521
yah im just scared as fuck of the IRS. its left an impression on me. makes sense the canadian version is more laid back

>I'd honestly take 1000 of Elon's monstrosities than one student-visa wielding Indian in a highway truck.
third world drivers are crazy. i was behind this car full of a somali family (minnesota plates, of course). it was like watching a drunk chick play mario kart. just gradually weaving across 2 lanes (thankfully the road was empty). i was pissed off because i wanted to pass him, but i didnt wanna get killed from him being a dumbass. i ended up getting up next to him and said a few kind words to him and flicked him off. it was then that i realized he had his wife steering tin the passenger seat (prolly her first time driving since this is harem lel), while he was turned completely around beating (i assume) his son with his shoe and screaming at him in arabic or whatever.

i wish i was joking about this

>>9253960
I've been getting 1 day weekend deliveries fairly frequently with prime. It's only a matter of time.

>>9254091
Somalians are literal subhumans, this doesn't surprise me in anyway kek.

>>9253783
Basically, because of time decay, you should always either cut your losses and sell, or double down. If you wouldn't buy the option at its current price, don't hold it.

I've doubled down a few times and made good money! But if you wouldn't double down if you could, sell the option

this obviously doesn't apply to failed earnings bets, where the option loses 99% overnight

>>9253914
See
>>9253682
Starting to develop contrarian style for stocks

I bought Gamestop right before their November earnings where they pumped 10% and thought I was a genius but I forgot to take profits and now I'm down 20% on them

>That TA jump after close

ERECT

NVDA earnings next week.

They can't keep on keeping on, can they?

They gotta disappoint some time, right??

And when they do, the stock'll crash HARD.

t. NVDA-stock owner

>>9254336
>"A majority of sales come from the maturing PC industry via PC gaming.”
Take that for what it's worth.

>>9254022
i saw that bullish pin off the daily 200SMA yesterday and figured i HAD to go long. glad i did.

i remember ALL TOO WELL the last time i shorted past the 200SMA on SPY. got fucking squeezed to hell and back. and that was when i was way dumber and cockier with my options positions

>>9254174
>I've doubled down a few times and made good money! But if you wouldn't double down if you could, sell the option
huh
good to see im not the only retard doing this. ive done it a couple times when ive seen a reversal on a lost cause. if you double down hard enough you can atleast break even sometimes. fucking scary though

>>9253386
> is it actually a legit trade ?
For sure it is a legit trade, it is a conservative strategy with low gains, but gains will add up over the long term. Please let us know how it goes if you decide to try.

>>9253386
this is a great idea anon. test it out and take notes. tweak it over time and i bet you could squeeze more out of it

>>9254306
>all these low volume gains
Bulls finna get dabbed on

>>9254306
I've lost options on GME 4 times this month alone. I've never been justed so hard by a shit company only kept afloat by 9% dividend payouts.

>>9254600
folks are rushing to go find themselves yields. bonds aint cutting it and 9% is no joke. i know all my hi div shit is mooning in ways that those companies havent seen in ten years.

>>9253784
>>9253850
>>9253878
i used to know this lady that would steal hundreds of thousands of dollars of tvs from best buy. she would go stand outside of one of them, smoke a cigarette and wait until she saw someone walking out with a big box. when you buy a large product, they give you a "paid for" sticker and slap it on the side of the box so you dont have to dig out your receipt and drop your new tv on your foot.

what she would do is wait and see which color the stickers were that day and then walk in, find the most expensive tv that she could carry out of there, slap a sticker on there and walk the fuck out. she would cycle through the best buys and had a shit ton of disguises. was pretty cool honestly. she would turn them around on the internet at like 3/4 cost but listed as brand new and sell them in a day or two.

she got caught for other shit later on, but they never nicked her on the televisions

>>9254773
degeneracy

>>9254638
they're racking up huge debt though. its only a matter of time before they cut dividends. its a game of musical chairs where if you hodl you get dividends but if you stay in too long your equity loses all its value.

>>9253653
yeah definitely
i was put off by the higher premium to pay but it is in fact a guarantee and will retain value more easily
at least I didn't the 1 day expiration one and bought the more expensive 11 days

>>9253914
Made some nice gains off a GOOG option. $1018 support is no joke

>>9254915
Same on the dip yesterday immediately sold puts around there.

>>9254861
>its only a matter of time before they cut dividends
This is why they are on borrowed time. I'm patiently waiting for the earnings report where they finally come out and announce they are reducing the dividend. The worst thing that company ever did was stop selling retro gaming stuff. That is the only reason most people don't just buy digital these days.

>>9254861
depends on the actual holdings though. youre right though. it is musical chairs (ive just been doing covered calls on em and its bumped up my ROI a couple % per position. every penny counts)

>>9254802
indeed
you wouldve been disgusted with me when i was 16. i was such a little scamlord.

we used to do a similar scam back in high school with those /b/ coupons like 11 years ago. i made some coupons for free ps3 controller, headset, accessories etc. then i told them that "sony had sent me a replacement controller for the one i had on warranty, and IT was fucked up too". i even photo shopped a little description saying how they were "manufacturers coupons" and that they were "like totally legit bruh, now hand it over". pretty fun. felt like i was a jedi or some shit. robbing a store right in front of them.

i remember one time we decided to go for the big one. the whole ps3. i swapped the plates on my car with some junk ones that were on my friends moms car. even had real hair wigs for when we drove out of there for the parking lot cameras. we got 3 of them in one day from the walmart, k mart, and best buy. sold two, kept one (i miss that one too, it was the 1st gen one that was backwards compatible).

i miss being cocky, stupid, and under the age of 18. being a criminal is a lot of fun if youre creative and dont have some sort of shitty hard drug addiction. thank god for the statute of limitations kek

>>9254895
>>9253653
those ATM and ITM ones are sweet for trading slow moving, high priced bond ETFs. they give you enough leverage where its actually useful to trade bonds. and bonds swings are comparatively easier to predict than equities.

>>9255257
I'm up 12% just from ATM earnings gambles. Today was by far the worst day but some of these companies earnings this week were painfully easy to predict. SNAP being fucking easy mode.

Redpill me on Gold.

>>9255287
i love em. im a total options junky. i like having smaller sized positions for my speculative plays anyways. why bother trading short term without leverage?

UVXY inc slipped a bit today on bad sales numbers but I believe Mike has what it takes to turn the company around long term. Still has solid fundamentals

>>9255346
its an effective dollar hedge. trading it without leverage is like watching paint dry (unless youre looking for that kind of thing), and mostly useless. the idea is to sit on a bunch of gold to avoid inflation, but its not always that simple as the IMF BIS and central banks all short the fuck out of it to keep it low since its last run during the financial crisis

>>9255346
GMO Bacteria can basically make it out thin air now

>>9255451
sauce?

>>9255419
kek

>>9255451
>GMO Bacteria

>>9255419
im so glad mikes back in charge. the company just wasnt the same without him. no fuckin balls at all. and that aint what your lookin for in fear industry

>>9255346
It's a metal

It's a lot like other commodities, except with more idiots trading it

I prefer oil and wheat right now instead. Tickers USO and WEAT

Also the price of gold has been higher than platinum for a few years now and I think that's weird

>>9255351
Agreed, and 80% of portfolio is all in on USO. They are predicting that the US will be the number one oil producer by 2023. I'm just going to leave it and forget about it. The other 20% is gambling options money.

So many brainlettes on this board

Aurora and Medreleaf in merger talks. Canopy is supposedly going to make some kind of announcement soon, dunno the details.

Otherwise kinda flat kinda bearish tightening patterns. I threw a fuckton of cash at The Green Organic Dutchman (TGOD) on its low of the day. TGOD was the largest IPO in the mj sector to date and i think it will fly when sector turns bullish. It's undervalued for the moment. Aphria is also undervalued but Aphria has been the shorts' whipping boy for months now and i won't touch it.

>>9255617
Let me guess, because we're not trading crypto? Here's your (you)

>>9255601
oh yeah you were the guy holding the stock? thats gonna be awesome man. so safe, and that shit could double if things get crazy. plus its so easy to hedge with puts on USO or swinging some DWT for the thrill (or both). worse comes to worse it ends up back to around where it was a month ago (it literally cant go much lower or the entire industry would collapse. its not like theyre gonna let that happen)

ive been doing essentially the same thing, but on OTM calls with like one and a half years to expiry. that way i get a little more exposure to oil without having to put my whole portfolio in it

Well i went spxu at the peak, hopefully shit goes down over the weekend.

I also longed GE at open, lol. Full brainlet mode on. Thanks guys for rubbing off on me anons