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/biz/ - Business & Finance

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23137469 No.23137469 [Reply] [Original]

Is it possible for me to come back?
>be me
>22
>just got a $50,000 job
>$11,000 in losses in the stock market

Can I make a come back? give me an idea

>> No.23137495

>>23137469
I have a degree in IT, but just like confused on how to do this budgeting and investing thing...

>> No.23137506

Get a second job, practice your dick sucking skills

>> No.23137514

>>23137469
Yea, you did buy PLL earlier today, right?

>> No.23137525

>>23137469
invest in Cannastocks: IIPR, PLNHF, TCNNF, GTBIF, CURLF.

>> No.23137550

>>23137469
Options?

>> No.23137571
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23137571

I guess what I’m saying is there a business I can start? some high skill investment strategy?

Ideally I don’t care about risk (clearly) I just want to /make it/ while semi young “by 30” so that I can live the good life for a few years.

>> No.23137586
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23137586

Buy GME tomorrow

>> No.23137633

Not this shit again. You aren't gonna make it retard. If you're running head first with "I don't want to be poor bros" you're gonna lose 99999/100000 of the time.

>> No.23137642
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23137642

>>23137550
Yeah I don’t really know what happened, my first experience with options I turned $500 into $30,000 in like 3 weeks.

I shorted (bought puts) on Tesla at $800 and cashed out when Tesla crashed to ~$380 in the covid crash (pre-split)

Then I got titleted I guess and blew it, my account was $18,000 last month. No idea how I lost so much so fast.

>> No.23137657

>>23137571
suck dicks and don't care if you are sucking infected dick

>> No.23137691

>>23137525
>>23137469
You lose money in a bull market? That's what happens when you pick stocks. I suggest Buying VT as portfolio core and adding tech 30% like VGT.

>> No.23137697

>>23137642
I count myself lucky that my first foray into options didn't go gangbusters. That way I didn't get a false impression of what they were. Of I had your experience, I probably would have done the same thing, thinking options were just leveraged stock purchases, and got my ass kicked in

>> No.23137992

>>23137469
>Is it possible for me to come back?
Yes, it's possible. If you fuck it up you will dig a deeper hole. So, don't.
Stock picking isn't for you.
Pay your debts and buy index funds.

>> No.23138119

Jesus Christ I've been investing for over a decade and you don't mess with leveraged options. It's a meme and it's degenerate gambling. Do you think you're Paul Tudor Jr. or something? Seriously no one wants to hear this but you need to work slow and steady and build a foundation. That mean dollar cost averaging and holding long term into top tier stocks. $100 per month into BRK.B, $100 per month into AMZN, $100 per month into NVDA, $100 per month into TSLA, $100 into CN, or any railroad really. Pick five winners, study them, and accumulate. Pick more than five if you can afford more. Build and grow. The point is you have time on your side and you should be accumulating shares at this point. That's why they call this the accumulation stage of your life. Accumulate shares of winning companies long term, not even caring about the price. DCA. In five years time, most if not all of your picks should have five figures built up from only $100 per month. That's when you can start to skim off the top and throw money at opportunities like GME today. Stay away from the options and slow the fuck down. Not all is lost though. I didn't start investing until I was 25 and am very comfy years later. Basically you are still ahead of me at my age since I started at zero older than you.

>> No.23138523

>>23137571
>I guess what I’m saying is there a business I can start?

You need some skill set or some sort of idea to make a business idiot... clearly you can't fathom what it's like to be respinsible and are too risky.

Live a little, get a shit job, work with people, get fucked up, plan for some heavy travel. All the while working out a plan, see yourself in five years.

>> No.23138676

Whatever you're doing, do the exact opposite. Guaranteed to win.