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/biz/ - Business & Finance

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1698139 No.1698139 [Reply] [Original]

I WISH I NEVER FUCKING HEARD OF ROBINHOOD

>> No.1698186

>>1698139
Are ya winning, son?

>> No.1698190

>>1698139
I just heard of it now.. Funny this thread pops up

>> No.1698191

>>1698139
F R E S H M E A T
yum!
:)

>> No.1698203

>>1698139
>he fell for the stox meme

>> No.1698209
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1698209

>>1698139

>> No.1698263

>>1698139
Really?
I heard that if you say anything bad about it, you must be 70 and in league with the financial industry.

>> No.1698267

>>1698139

Problem with robinhood is that its mainly people below 2k. People below 2k usually go for cheap stocks and high volatility. They buy in the waves high and end up selling low because no patience.

>> No.1698284

>>1698139
Don't buy when it's green son. You buy when it's red. Look at your watch list (assuming that you know how to screen well). You see that one that lost two points today while everything else was going up? Buy that one. Buy the red one.

>> No.1698286

>>1698139

Post losses pls

>> No.1698299

>>1698267
What's funny about it is if people just bought more than memes, they'd do better. Memes are fun but you can turn 500 into two or three grand pretty easy with smart plays on better quality stocks. It just takes a little longer. Not THAT much longer though.

>> No.1698315

>>1698299
>What's funny about it
He had me at "robinhood"

>> No.1698318

>>1698299
I made a dollar profit today for my first day of trading, I might have been able to make more, but I'm trying to get an understanding. To make that sum 500 to a cpl of grand, do I day trade, or sit on a stock for a while?

>> No.1698336

>>1698139
how the hell do u lose money on rh? its zero commission like do u have a learning disability. u can only go up.

>> No.1698344

>>1698286
Down 80% on 1k I'm 22 I rather have spent that at the casino and had better odds

>> No.1698347

>>1698344

holy shit

>> No.1698355

>>1698344
Get over it and get good. It's only money. You can be risky with money at young age

>> No.1698360

>>1698355
>Get over it
Yeah, you kind of have to.
I lost $4,500 on one stock this year. Then again, I made $15,000 on another one, so it all evens out.

>> No.1698418

>>1698344
*breathes a sigh of relief*

You only lost $800. Small price to pay for everything you've learned. If you want to know what it feels like to make a thousand on Wall Street, then you need to know how it feels to lose a thousand on Wall Street. In all reality, $800 is hardly a blip on the radar. Even if you made a measly $7.29 an hour and you worked 30 hours, a week, it would only take you 3.6 weeks to make that money back. Less than a month at the shittiest job ever and your losses have completely dissapeared forever. If you live to be 75, that's fucking 1/900th of your life. That's some cheap ass tuition right there.

>> No.1698438

>>1698344
which meme stocks gutted you

>> No.1698452
File: 77 KB, 501x505, biz_motto.png [View same] [iqdb] [saucenao] [google]
1698452

>>1698139
Just remember

>> No.1698457

>>1698452
"If you ever drop your keys in molten lava, let em' go man, because, they're gone."

>> No.1698505

>>1698418
this guy gets it.

Wall st. is brutal. But it's accessible, that's the allure. that is the point.

>> No.1698530

>>1698139
Stocks are essentially gambling. People dont want to admit it because they want to feel "mature". But thats essentially what youre doing, putting your money on the table for a stock and organization you believe in and when it fails or succeeds you gain or lose.

Whats sad about this shit is people honestly think making money this way is professional when it is clearly a mundane and childish way to pass time and money.

Unless youre already a tycoon, stocks shouldnt even be of interest to you. Why waste your money on a venture you can potentially LOSE MORE on than WIN BIG when you can simply just work and invest that money into yourself and shit you want to do?

It beats me, but then again /biz/ knows absolutely nothing about making money

>> No.1698625

>>1698318
DAY TRADE IT IS IMPOSSIBLE AND WILL LOSE ALL YOUR MONEY IF PEDICTING FUTURE, DAYTRADE ETFS

>> No.1698895
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1698895

>>1698344
>Down 80% on 1k I'm 22

>> No.1698992

>>1698344
>invest in NVIDIA they said

>> No.1699004

>>1698530
except there are things like good and bad bets, as opposed to gambling, which is pure probability. knowledge of an industry or tech trends are an asset. it seems you think the market is impenetrable and only a fool would attempt to comprehend the ins and outs of this or that industry/business

>> No.1699023

>>1698267
waiting for those types of stocks to go back up is suicide desu

>> No.1699105

I'm down $500 thanks to SWHC which keeps going down despite consistently beating earnings.

I wanted to get a profit by tax season to show my parents that I learned to trade stocks. I'm never going to fucking hear the end of this. For all I know they'll also want access to my bank account which is a huge privacy risk. They do my taxes since they made many incestmemts under my name whenI was young, most of which I still don't know about.

>> No.1699182

>>1699105
Kill them

>> No.1699191

>>1698344
Are the losses crystallized? If not, buy another $1000 and you'll be laughing your ass off when the price goes back up

>> No.1699195

>>1699105
>many incestments when I was young

Sue them.

>> No.1699226

>>1698418
And then jump into the meat grinder known as "income taxes", which seems to be something that all "educated business investors" on this forum fucking forget about as if they were an edgy teen sharing their infinite wisdom in the stocks and brokerage world.

>> No.1699256

Robinhood is great if you are a beginner and dont have a lot of investment to put in. Just invest in the tried and true stocks to get your pussy wet, then when you have a good idea of how they fluctuate start doing research on more volatile stocks. Once you've put in enough and gained enough to go to a broker, you'll have earned the rite to have more skin in the game fucker.

>> No.1699259

if you aren't an autist and work a lower wage/salary job, Robinhood can be a good alternative to a savings account, but not much more than that. Don't use it to make money, use it to beat inflation w/ your savings

>> No.1699278
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1699278

>go into robinhood discord
>it's all retarded infighting and some stupid cunt posting deer
>no mention of anything /biz/ related
it's a meme my boy

>> No.1699284

>>1698139
Reminder that the jews will create an american version of this and trick normies into investing in the stock market.

Reminder that the jews will crash the market and steal trillions worth of savings just like they did almost a century ago.

>> No.1699295

>>1698286
kek

>> No.1699754

>>1698530
Are you for real?
Learn the difference between investing and gambling you moron.

>> No.1699875

>>1698530
Both entail some risk but the trend of economic growth means the odds are in favor of the buyer if he diversifies in leading companies, not against like gambling.