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/biz/ - Business & Finance

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18610441 No.18610441 [Reply] [Original]

how do i make money during these turbulent times?

>> No.18610453

>>18610441
If you cant find out, you'll never make it. Just think a little.

>> No.18610488

>>18610453
He can find out by asking /biz/.

>> No.18610490

>>18610453
I FUCKING CANT!! I AM TRYING TO LEARN THE BASICS FROM KHAN ACADEMY AND I GOT HALF THE QUESITONS WRONG ON THE OPPORTUNITY COST TEST. IM SO FUCKING STUPID PLEASE HELP ME

>> No.18610506

Buy a tanker of oil

>> No.18610519

>>18610441
Get married

>> No.18610529

>>18610453
seriously anon if you could justplease help me out that would be great. i think i got 840/1600 back when SAT's were graded on a 1600 scale. i lack critical thinking, i am a cumbrain i cant conceptualize anything.

>> No.18610537

>>18610441
>lurk on biz
>see what's biz doing
>do the EXACT OPPOSITE

>> No.18610591

>>18610537
dude come on. biz goes in a million different directions. i need to learn how to think

>> No.18610865

bump

>> No.18610875

>>18610441
you dont, you spend your handout and your savings and then you starve in the cold

>> No.18610899

>>18610865
what are you trading, how much you got, how much you willing to risk, how quick do you wanna get rich

>> No.18610929

>>18610591
>pick a subject
>for example stocks
>lurk
>collect opinions
>do EXACTLY THE OPPOSITE

>> No.18610947

>>18610899
ive been trying to trade spy but im getting so fucked. i bought uso calls which were retarded but didnt risk much. to be frank i have no fucking idea what im doingor why. i just read other peoples post and convince myself its a good idea. i need to learn how to think. its so frustrating knowing the opportunity is right there but i dont know what to do. im willingto risk a lot of my money and timeline wise id say 3-5 years. what i want to do is buy spy at the bottom but i also want to get rich with options

>> No.18611003

>>18610929
dude its not that simple. thats incrediblyrisky
>>18610899
ive read up on cornwell capital and how they turned 110k into 30 million by buying capital one leaps and how they look for market ineffiencies but i dont even know what that means. i looked at discover american express and jpm and think jpm might be a good leap call? i dont know man im so fucking stupid. also square could be the tesla of payments right?

>> No.18611032

>>18610947
First, understand this big difference:
>investment - it's something in which you believe, so you put money in and wait, for MONTHS, then check sometimes, then sell when its time
>trading - it's something you believe in a short period of time, you have to be skilled to do that, to be skilled you've to study trading

If you want to make some money you need knowledge, to have knowledge you have to study, learn, and constantly improve.
Don't buy shit if you don't know anything about it.

If you want just to get some good bucks without knowing too much, you can try to buy BTC and wait.
Don't expect it to moon and make you rich the next week or so.
That's it

>> No.18611055

>>18611032
short and simple i like it. but do u remember when tesla,disney made everyone rich? also when everyone shorted when corona hit? i missed all those. will there be more opportunities like that?

>> No.18611056

>>18610947
so if you are just starting out, it will take you about a year to get the hang of things. to take smaller risks on options, buy them out further and closer to expiry. UNDERSTAND HOW THE "GREEKS" WORK. very important, especially how THETA works. if you get really close expiry options your price will decay 25% in a single day.

dont be afraid to hold, but if you have options, DO NOT HOLD too long, unless you really think you are going further. BEWARE: IF YOU FEEL EUPHORIC, FUCKING SELL. EUPHORIA IS MORE DANGEROUS THAN ANYTHING

>> No.18611147

>>18611055
>something mooned i wasn't there
It's not your business, mind YOUR business.

At the time when tesla and others were worth nothing, the bias against them was strong.
They were just like the others, maybe there was some FUD too on them.
Just few believed that they would have made good things, and invested into them.
It happens all the time with everything.
Btc was completely unknown, they bought pizza with it.
The mongs who held it when it was $0.10, had maybe thousand of it, and wasted it.

Not YOUR business, not your problem.
When you invest you have to believe in something you know well or just to be lucky.

>> No.18611252

>>18610529
>sats
found your problem

>> No.18611413

>>18610441
>buy kneepads
>suck dick
>use proceeds to buy LINK
It's as easy as A, B, C