/biz/ - Business & Finance

I want to go back

Short the dip, long the VIX

I keep swiping my app but the numbers dont change, why live

>>16512010
YOU MAY NOT

CHWY's looking good AH. Hopefully guidance is good too.

>>16512017
When did you buy those? Timing VIX is basically gambling so I stay away from it, but good for you my guy.

Bros, why cant AMRN just get bought out already? Why must the FDA make us suffer?

The BIG RED in my big boy portfolio because VIACOM IS KEKING MY SHIT UP

>>16511910 #
Says I’m up 1.84%

ITS A GODDAMN LIE

ITS JUST A STUPID OPTION WITH AN ENORMOUS SPREAD FUCKING IT UP.

I did a lot of dumb things today that fucked up what would’ve been MASSIVE GAINS from BMY and LLY. I was up a nice 2.65 earlier, I hate that I nerfed it.

FUCK

Also the massive losses I took in CGC and GEO hurt, even if getting the heck out of those companies was the same thing to do.

>>16512045
this morning around 10am

Really hope YTEN doesn't become a bag for me. Forgot to set stop loss now I'm down 6%

>every pharma went up except snss
Where are you snss anon?

THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN

Got BA and PH dividends last Friday and IBM comes tomorrow.

>>16512056
>no massive green closing candle for KO and PEP

AAAAAAAAAAAAA WHY DIDNT I STICK WITH MERCK CALLS!!??? BRISTOL AND LILLY TOO WHY DIDNT I JUST STICK WITH PHARMAAAAAAA

>>16512107
>LABU call I don’t remember ordering triggered at the close
Oh fuck... fuck me...
I’m going to blow my account right the fuck up...

>>16512079
>>16512107
I made 35% on MTNB and NLTX but Im down like 3% on NLTX from swing trading it and fucking glithces

>>16512107
i have no fucking clue as to why you thought soda would pump.

>>16512143
Bag holding 6k in NLTX now, yay

>he didn't get in on CORV
Going to be another AGRX situation with FDA overreacting on brief docs, before a majority voting on approval at adcom tommorow.

100% of my portfolio is now in REFR, averaged down 30 cents, hopefully we can hold some green tomorrow so I can diversify

Is the snss train still going or possible derail?

>>16512151
KO and PEP are two of the best companies in the world and basically only a brainlet would disagree.

It’s not that I thought they pump, it’s that the selloff will reverse. Let’s all watch tomorrow when it does.

More optimistic on Pepsi because of that closing/after hours volume, but I have similar equity in tied up in both...

>>16512223
KO will be fine. There's no cause for concern at this juncture.

>>16512217
It will eventually. The MMs have had control of the stock price for months. They still do, so when they decide we get to have money, that's when we will.

>>16512217
It's a weird situation right now. It's like your girlfriend just quickly went into some gay shop and you have to wait outside holding her handbag. She takes forever and you're just standing there holding her fucking bag while everybody around you is having fun. People already look weirdly at you as you stand there with this shit fucking bag. Slowly you notice that there was never a girlfriend and you're living in denial and you're actually gay. You're still holding that bag though.

>>16512253
Is the 1.7 still on, or better to quit ahead a point earlier?

>>16512253
What does MM stand for?

>>16512223
I don't think I can agree with your thoughts on KO and PEP. Their products are poisoning our youths with the high sugar and addictive levels of caffeine. The plastic containers are polluting our waterways and contributing to climate change. We should pass legislation forcing these companies to put disclaimers to warn consumers about the addictive properties of their products. Now, if you want to be invested in the best company in the world look no further than OPTT. Now that's a solid company that is going to be a leader in this new economy.

>The trading industry keeps draining huge amounts of money from the markets. Exchanges, regulators, brokers, and advisors live off the markets, while generations of traders keep washing out. Markets need fresh supply of losers just as builders of the ancient pyramids needed a fresh supply of slaves. losers bring money into the markets, which is necessary for the prosperity of the trading industry.

>>16512302
Market Manipulators, i mean makers.

I'll double this in less than 6months, mark my words boomers

>>16512301
It's still my price target. It should be over $1 by 12/20. Might have to sell in January but that's fine it helps with taxes.
>>16512302
Market Maker. https://www.investopedia.com/terms/m/marketmaker.asp

>>16512326
Good luck poorfag. You can do it.

>>16512271
Fucking kek

>>16512316
Trading for a living? or the poker face of wall street?

>>16512349
Trading for a Living. It's a goldmine of quotes.

>Traders with autopilot fantasies try to repeat what they felt as infants. Their mothers used to fulfill their needs for food, warmth, and comfort. Now they try to recreate the experience of passively lying on their backs and having profits flow to them like an endless stream of free, warm milk.

kek

>>16512195
Damn, I saw that one on Friday too. I basically go to finviz and check out the biggest losers of the day near closing, and gamble on some, like i'm doing with DTIL.

Who here is gonna take AMRN profits after the FDA approval? Or are you gonna ait for the holy buyout or gains from the expanded label and then the European apporval etc?

>Dat Merck Greenie close candle

>>16512304
>Their products are poisoning our youths with the high sugar and addictive levels of caffeine. The plastic containers are polluting our waterways and contributing to climate change. We should pass legislation forcing these companies to put disclaimers to warn consumers about the addictive properties of their products.
Which part of this is not extremely fucking bullish?

>>16512316
I don’t like his attitude of “all you losers are never gonna make it”
We’re all gonna make it
Except bears... but the COT has me NOIDED

>>16512252
Thanks fren, I’m not worried about my shares at alllll. But my calls... I bought some for Friday purely because they were dirt cheap. Basically I bought a date call spread for $55 KO... we’ll see how this goes.

>>16512393

muh algos

WKHS price action has me feeling warm and fuzzy. They just refiled their prospectus; I'm not sure what they changed yet but it has somebody excited.

And that's a nice looking truck.

>In an interview with CNBC's David Faber, Bakish declined to estimate what ViacomCBS believed the 38-story modernist granite building known as Black Rock was worth.
"We have some ideas. I don't want to put it out there but it's very material," said Bakish, who had earlier announced sale plans at an investor conference. "We believe we can ... take that cash, flow it through our waterfall of how we use cash, including potentially using it for buyback."
>Prior to their merger closing last week, both CBS and Viacom had suspended their buyback programs, Bakish said. But a roughly $2.5 billion buyback program for which CBS had been granted previous authorization will be restarted, he said.
>The decision to sell the CBS building, located at 52nd Street and Sixth Avenue in New York City, is part of a larger plan to create more shareholder value, Bakish said.

And yet, the market punished them HARD today... why do they hate Viacom so much? I thought the street loved buybacks...

>>16512474
>why do they hate Viacom so much?
Because fuck the media that's why. They're too consolidated now. Too big. And they're willfully producing propaganda.

>>16512223
>>16512252
Both are amazing companies. Both are currently overvalued at this point I think.

t. KO is my largest position

Ended the day -0.14%. My high of the day was 1% and my low of the day was around -1%, so -0.14% isn't that bad, a pretty good recovery. My daily goal is actually 1% gain, so I should have really just sold all my stocks when I ended up hitting the 1% but whatever.

>ara ara~
>you DID stash some MRK in your IRA, didn’t you anon?
>I want us to have a nice comfy retirement together!

>>16512491
You literally can not produce anything that isn’t propaganda for something or another. Even purely informative media carries a bias towards a worldview that privileges certain types of information. Try and make a newsletter, documentary, YouTube video that isn’t propaganda. It can’t be done, and that isn’t why Viacom is being punished.

And whatever the fuck you say South Park is funny, even if it isn’t what it used to be. The world isn’t what it used to be, but it’s still amusing.

>>16512496
Maybe so, but I think PEP wants to go back to 140.

>>16512209
why

>>16512428
I've held this long, holding for the Holy Buyout,etc won't kill me. To me it's like tossing away money if I sell after Dec. Sure I'd come out way ahead but knowing that within a years time I could double my wad makes me stay. Or even if they go it alone, still by 2021 you'd get at least 40-50 per. P.S - This market is kinda in the shat, think god the bulk of my wad is in AMRN right now,lol

Is manufacturing still in a recession? Why am I not hearing more about this?

CHWY NOO

Show me your calls/puts.

>>16512565
Yes, and because it shits on the bulls parade to realize fundamentals keep deteriorating

KHC forks out the Divvy this week, 13th, btw.

>>16512577
How fucked am I?

>>16512577
you first mr. dubs

>>16512597
Oh it expires Friday break even at 315.78

>>16512428
I bought calls on it so I’m just hoping I get to my strike prices. I have various dated calls for prices between $20-30 that I got before the recent run-up. I think it will easily go to $30 and maybe a little above after approval.

I did buy some way out of money puts though too just in case FDA decides to revenge AMRN, as a hedge. I’ll still lose a lot of money if it dumps, but at least I’ll have enough to keep me going.

>>16512304
>practically bankrupt

nothx

>>16512538
Why what? Everything I invested in was underperforming, I haven't utilized a day trade yet, so I've averaged down on REFR to hopefully make a 10%ish profit before I sell and rediversify, when you're poor you take what you can, and REFR has consistently given me the gains I desire

>>16512304
you should probably look into all the brands and products sold by both KO and PEP. KO is a total beverage company and PEP is a beverage and snacks company.

also, go away commie

>>16512538
See my chart
>>16512326


Every gain you see here is REFR except for one, which was PLUG

>Galectin Therapeutics Reports Mixed Results From Mid-Stage Nash Cirrhosis Clinical Trial on Belapectin; Shares Down
OH NO NO NO NO NO NO NO NO
IT'S OGRE!!

>>16512705
Wut

>>16512393
Who's the author? I need this

>>16512597
Youre pretty fucked, sell at open, buy a put, sell before powell.

>>16512772
"mixed results" for GALT's drug trial

>>16512816
Where are you seeing that? Got to be old news.

>>16512010
no

>>16512835
Ah yes, always resort to denial at first. Assume it’s bullshit fud. Do no research.

>02:51 PM EST, 12/09/2019 (MT Newswires) -- Galectin Therapeutics (GALT), a developer of therapeutics that target galectin proteins, on Monday reported mixed results from its cirrhosis clinical trial on belapectin.
>The company said the second mid-stage study of 162 patients with Nash (nonalcoholic steatohepatitis), cirrhosis, and portal hypertension, one year of biweekly infusion of belapectin was safe but not associated with significant reduction in hepatic venous pressure gradient or fibrosis, compared with placebo.
>The study highlighted, however, that in a subgroup analysis of patients without esophageal varices, a dose of belapectin reduced HVPG and development of varices. That subgroup analysis suggested that there could be benefits from belapectin in patients with Nash cirrhosis without esophageal varices.
>Last week, Galectin said it is planning an adaptively designed late-stage trial of belapectin in Nash cirrhosis patients.
>Shares fell 3% in intraday trading on Monday.
>Price: 2.91, Change: -0.08, Percent Change: -2.68

Anyone else’s girlfriend or wife star in their own anime?

>>16512884
Link? That trial is years old and was published in the journal of gastroenterology which is the actual PR today.

They did not report anything new. You got fake news'd.

>>16512783
Alexander Elder

well this sucks: quote " Bernie Sanders unveils plan to boost broadband access, break up internet and cable titans". Specifically he mentions breaking up my T-baby Empire and Comcast. Also to breakup VZ. Fuck him. The Empire will remain strong and smite him for his traitorous thoughts. What?! Can't let it happen now can we. Gotta protect that Fat Divvy don't we?

>pokeyman edition
Never going to make it

>>16513073
I wouldn't worry about some geriatric jewish senator from Vermont

>>16513009
Cool thanks

>>16511994
Sauce on pic?

>>16513229
Don't know. Saved it from here.

>OBSV posts positive news on its menstrual drug
>stock bleeds out 30% in response
amusing pottery

>>16513073
He will never ever get elected. People that hate Trump would vote for Trump out of fear of what he'd do to the economy if the choice was between those two

The WKHS contender for the USPS LLV replacement contract is very cute.

>The trucks are currently undergoing a 26-week test period with letter carriers in real-world environments. Each entry will also be subjected to a “24,000 Mile Durability Test” at a dedicated facility with a variety of pavement types, including potholes and cobblestone roads. They are also undergoing tests in cities where letter carriers contend with heavy snow, rain and heat.

Please wish her good luck and look forward to her delivering your mail someday!

Guys? Guys? Am I gonna get CHWY'd tomorrow?

Not the best day but still in the green for most of my portfolio. Gotta ride wave sometimes.

>>16513377
daaaawww

>>16512597
yes

>>16513380
Yeah man... if amazon has to boost its spend right now, I imagine chewy is doing the same shit.

Don’t feel bad though, I got a parking ticked today. $60. I got there right as the guy was writing it. So, at least if you’re using money with a chance of increasing it, we’ll thats better than throwing it away on a stupid fucking parking ticket.

Up over 7% for the third day in a row. Can't wait for the markets to dash my gains against the rocks tomorrow.

SPY at 270 by December 20th. It’s over!

>>16513524
Got a catalyst in mind? Tariff bump on 15th after trade talk fallout?

>>16513377
It is cute

Well so far I got nothing but good things to say about our new gov (he takes office tomorrow). He's given me a day off (paid) tomorrow and there is a bill pre filed that will give state workers a col pay increase. The last such col was in 2014. My new job is still in the works, the whole gov turnover has kinda delayed it a bit but it's still in the works.

>>16513229
Some SAO doujin with Suguha?

>>16513534
good luck getting the new jobbo !~

Been in this piece of shit since I bought in at the top on July 8th after ISTH. It was my first every trade I made in my life, and I ended up with all of my money in it after averaging down as it dropped 30%+. 3100 shares total, around $35k or so, maybe not a lot to some of you guys but it's all I have.

Got out today after ASH near the top. Before it crashed. Oh god... oh god. Excuse the meme but I'm literally shaking now. It's like I almost got in a head-on collision, but then I didn't. But you keep thinking to yourself "oh god, I could have DIED there. I could have fucking DIED there. I didn't though. But oh god... what if I did?"

Good riddance to bad rubbish. Stay the fuck away from SGMO, /biz/. Just stay the fuck away from this cursed piece of shit. ASH was make or break for me, and it broke. Thank Jesus and the good Lord above that I got out with even a small profit (around $2k for 5 months). Jesus fucking christ I just... I'm drinking now as I contemplate this. I can't believe I dodged that bullet, reading investor village and stock twits on it is fucking insane right now. SGMO investors are fucking insane. Just keep huffing that Hopium. Oh my god... it's been 5 months holding on to this piece of shit and hoping.

Tell me your stock horror stories from the past, /biz/. Even better if they're ones you narrowly survived like I just did. Never touching SGMO again, just... fuck... I don't even know what to say... imagine if I didn't sell in the morning? Can you imagine? This is all of my money here, can you imagine? Because I can and it's fucking me up right now emotionally.

Literally history repeating itself, though. Word of advice: if you ever DO want to buy into SGMO, wait until it's around $8 or less, apparently that's where the bottom of the sine wave starts. Sell it just before a news event catalyst. It's happened like 3 or 4 times this year so far if you look at the daily chart.

>>16513559
>It's like I almost got in a head-on collision, but then I didn't.
You're supposed to walk away from that sort of thing casually while donning sunglasses and pretending you knew all along like an ultra cool guy.

>>16513559
it's a $20 stock
long term, they have an amazing pipeline, amazing technology

if you are that sensitive to short term price fluctuations, what the hell are you doing buying a research-stage genetics company?
if you can't take the heat, just buy indices or T-bills. When SGMO is $50/share, you won't be at the yacht club, but you don't really belong there, so it's no loss.

>I sold the bottom in several more stocks
it's a terrible feel...

But check out muh Nintendies!!

>>16513587
Seems like he got it right though, buy zone is more around 8. I remember the SGMO shill talking about it being a bargain below 10, so that usually means knock off about 20% and you've got a decent entry point, assuming it doesn't go straight down never to recover

>>16513587
Right now it's a $10.31 stock, sorry sweetie. And this coming from someone who weathered the storm of dropping from over $13 on July 8th to under $8.

The gambler mentality I see in people like you is sick. But hey! Another buying opportunity, right? Sick.

>>16513559
>horror stories from the past
Not specifically, although all my trades during the early dude weed bear market before it became clear that it was a bear market were hairy in this way. I guess the scariest was a situation where I got caught holding a penny stock that received a cease trade order for late financials. THREE WEEKS LATER it was finally unhalted and I managed to get out with a 20% loss and was glad to get that instead of the -90% I was half expecting.

Oh god... futures...
OH GOD THE NIKKEI

>>16513619
the SGMO shill is me (probably)
I always posted BUY under $10, and I got more vocal under $8
It's not some short-term "Oh, it will suddenly pump this year" kind of stock. It's a genetics company with a technological edge. It's a bargain for $1.2Billion mkt cap. If all of their products fail, then damn. But it is completely feasible that they will continue to be one of the leaders, if not THE leader, in genetics in the next couple of decades.

>>16513624
My price average is lower than that
I'm not treating it as a short term investment. From your posts, YOU are the one who is gambling: going all in on a research stage biotech and freaking out over 20% price movements.
If these price movements aren't suitable for your risk appetite, you should not invest in these kinds of stocks. hope it makes sense

>>16513619
>I remember the SGMO shill talking about it being a bargain below 10, so that usually means knock off about 20% and you've got a decent entry point, assuming it doesn't go straight down never to recover

Literally look at the daily chart. Literally LOOK. AT. IT. Technical Analysis is king, I'm sorry but I'm never doing another fundy trade again. SGMO was a PURELY fundamental analysis trade for me. I almost got burned hard, and lost 5 months of trading time over it. Never again. FA is great but only to add to TA, these pure FA long term investors are fucking nuts. Seriously.

>>16513675
>I always posted BUY under $10, and I got more vocal under $8
*got more vocal under $9

>>16513675
>But it is completely feasible that they will continue to be one of the leaders, if not THE leader, in genetics in the next couple of decades.

I don't want to wait a "couple of decades", I'm a human being not a fucking immortal. I don't want to be 50 years old and find out I was fucking wrong.

>>16513659
Oh wow, it's fucking nothing

>>16513677
well yeah fundamentals are what drives the company, but TA is what drives the markets because it's all highly speculative.

>>16513689

>>16513702
On a short timeframe maybe. There are certain MAs that are consistent over long time frames but most indicators loose money over any realistic amount of time.

Did anyone follow whatever data ABBVIE released at ASH? Apparently something big?

It had a massive premarket pump to $89... then ended the day down .62% at 86.44?

I've got half a mind to grab some here right now in afterhours...

>>16513689
then... just buy merck and bristol myers like a good inBESTor.

>>16513698
Maybe...
but bingbingwahoo is making another 52-week high!

>>16513715
I hate to burst your bubble buddy but you're not warren buffet and this isn't the 1950's.

>>16513702
>well yeah fundamentals are what drives the company, but TA is what drives the markets because it's all highly speculative.
Sure. Most super duper important thing to take note of is whether or not the stonk in question trades based around existing fundamentals/outlook or future speculation (hype). Never never ever trade a stock that moves entirely on speculation with a long hold strat. Thinking fundamentals, although terrible right now, could become better because future reasons, is a horrible way to approach long hodling. Always place greater emphasis on TA if you choose to trade these hype memes.

>>16513752
I dunno about this abbvie actualy... volume looks bearish? Scripps partnership sounds long term cool though

>>16513730
I once read in a trading book that indicators are not always full proof because "it's not always the right season for it." In other words how and when you use indicators can be crucial to success, especially if you mix and match a few of them and view them on different time frames.
Certain days you might have to shelve an indicator in place of another one because it only works on trending trades, other times you might have the shelve the current one because there isn't really a trend at the moment and you'd have to rely on oscillators instead. on top of that you can use candlesticks to help gauge if there's actually something to back your indicators up and utilizing support and resistance to determine protective stops or when you'll take profits (you can use indicators for this as well).

>>16513752
>then... just buy merck and bristol myers like a good inBESTor.

????

I've developed a TA system for day trading with an extremely high success rate. Getting into the bad SGMO trade in July is what motivated me to do it, thank God I survived the trade and now get to keep the education! It's like I took a stock trading course for almost half a year and got paid $2k to take it at this point now that it's over.

>>16513770
Good point. Note that SGMO trades purely on future speculation (hype). Everyone would do well to remember that because after I'm done venting today you might not hear it again, certainly not from the shill you seem to have here as a regular.

For me FA, like Sentiment (stocktwits mostly plus some other more niche forums), gives me an over-arching idea of a stock and what people think of it, what they expect from it, etc. I was trading NVDA for awhile for example, and because of what I know about it fundamentally and sentimentally, I'd be fine with holding it overnight in a long position. I'd never trade based on "I think this company is great and the price should go up!" That's what got me into this SGMO mess which I narrowly escaped from.

The market is always right. You don't ever get to tell the market what it "should" do. This is why TA is king, ESPECIALLY in the age of computers and Trump.

>>16513542
Found it, thanks anon. https://nhentai.. net/g/84809/

>>16513815
I'm just quite bullish on big pharma, those two in particular... making a lot of 52-week highs lately. I like seeing that.

>>16513809
That's just bullshit. The basic idea to make it simple for you, is that you're trying to determine the short, medium, and long term trends.

Take pic related for example, using literally just moving averages. Notice how the short term oscillates up and down around the medium term trend, but the price remains below the longer term trend the whole time, going down? How, despite the short term oscilattions, the overall movement is still down? And how at the end, you can't make that claim anymore because now it's above the longer term average so you have to now reassess? And this is as basic/simple as you can get. with other indicators, price action analysis, and other concepts, you have a bunch of information which cross-checks each other to provide you with the most accurate picture of what price is doing at the time.

Best thing I can recommend anyone is to check out No Nonsense Forex's website and youtube and then back/forward test the fuck out of everything. But at least this gives you guys who don't know shit an opportunity to learn what to do from someone who won't bullshit you or try to sell you something.

>>16513689
then gamble with something else
SGMO can be a gambling stock, if you're into that
but 100% of the times that I post about it here, I stress that it's a long term genetics play. It is the best (in my opinion) long term genetics play. Under $10 is the sweet spot for buying, but buying it anywhere under $20 is still fantastic! If every single offering in their pipeline fails and their researchers don't come out with anything else, then you lose your investment. But there is an incredible amount of value there , right now, for a marketcap around 1B

again, if research biotech isn't what you want, then find something else in the marketplace. The stock market is vast, it can have all kinds of things for any realistic risk/reward profile.
If your risk/reward profile isn't realistic (you want massive gains but can't stomach any loss), then you probably will have issues in this arena.

>>16513851
I don't think it's as bullshit because if you think about how /es moves in general. I'm looking for .15% or more moves on the /es to make a decent amount day trading spy, and sometimes it can't reach that goal because it's way too over bought and daily moves can't even get that far.
Thus oscillators may help determine an overbought or oversold state to catch those brief moments of volatility.
Other wise i'd be focusing more on getting positions in your MA value zone. Notice how the price (on the down trend) enters the short term MA value zone and dips back down. That's an ideal time to buy a put position and ride that wave for profits. but this only works on trends.

>>16513885
>gamble with something else
>gambling stock

ugh. the fact that you don't see this as problem is cause for concern. i'll never understand you gamblers, while i'm here trying to consistently make a living. if i followed your way of doing things i'd be down over 10% again today, waiting who knows how many years for a pay day that may never come. why? this is your hard earned money. this is my hard earned money.

you'd honestly have better success just going to las vegas with your money than waiting literally DECADES for SGMO to maybe, possibly, potentially go to the moon. or maybe 20 years from now you lost everything and are poor and homeless. personally, i don't like those odds.

>>16513921
Coupled with candlesticks you can find a way to determine when a reversal would most likely occur.

>>16513921
from what i've seen, the key is putting together a system that tells you what the short/med/long trend is and trading based on that. stuff like volume, momentum, price levels, and other things also play a role of course. then the key is to buy into selling or sell into buying. in an uptrend, you want to buy on red bars and flip them on profitable green bars. on a downtrend, you want to short greens and flip on profitable reds. the cool thing about this is that you also profit in ranging markets, because a flat market that isn't going anywhere means you actually profit more this way because the red bar-green bar-red bar-green bar thing happens a lot more quickly (the reason trend traders get fucked usually is because they buy green bars and short red bars which fucks you if the market doesn't keep going that way).

besides that just avoid the spikes and you're good. the market can only trend/range/spike, and if you put together a good system of indicators and trade this way, you profit off of 2 of the 3. after that it's all just money management and trader psychology, easy.

>>16513928
you can't just hop into the stock market with $35k and "make a living" trading

do you have a job?

my hard earned money isn't fighting against time. My hard-earned money is working, with time, to make me more money! Is time your enemy or your friend? If you are patient, and make time your friend, you will make a lot more money! if you are impatient, and make time your enemy, you will be in a constant struggle to make any money at all.
It seems that you have very high expectations, but your expectations for what you can get from the stock market are unrealistic.
If you're a short-term trader and you got out of SGMO with a profit today, then I'm happy for you! you didn't suffer a terrible loss. But you will probably need to analyze your whole view on the markets from the very highest level and determine if it is realistic or not.
I took a small, reasonable loss in my SGMO holding today. I've suffered worse. I buy and sell on variate time scales and profit/loss thresholds. My SGMO holding isn't significant relative to my net worth, and it's also a long term buy. It does have the possibility of gaining me a nice profit in the long term.

>grandpa tells me to put 10% into T bonds
>puts it into TQQQ instead
Who here feeling /devilish/

>>16513995
I agree, personally I've put together a system that has missed a key feature up until recently, where now I can sort of determine the direction and if there's power behind such direction (momentum being the real issue i've had for a long while now).
Also keeping a trading log has helped me keep track of my mistakes when it comes to trading, as i've tracked a number of reoccurring issues that occasionally kills my port.

>>16514020
You should be trying to predict markets trends and be buying puts and calls, otherwise you may risk never making that money. Unless you have some serious insider knowledge, I wouldn’t commit vast sums of my measly wealth investing in something that *may* explode in some undetermined amount of time. You’re better off taking tarot card reading seriously then making bets like that. Just like me.

>>16514020
>tfw I am slowly coming to the realization that I have no idea what I'm doing in the stock market or my general life, and do not have a winning strategy.
I should just switch to cash/index funds for now... and whatever the equivalent is for career and relationships.

>>16514020
unless you intend to convince me to sell options ,hodling for no reason at all isn't a good reason to buy in. Nobody has all the time in the world as we're running on a finite amount of lifespan. I don't trust FA enough, and I definitely do not trust biotech. Thus I will not take your word on this stock.

>>16514061
honestly, sincerely, no nonsense forex changed my life (and i don't even trade forex, i trade stocks only). it's the least i can do, to recommend him to other anons out there trying to figure it out. i simply wouldn't be where i am today, as successful as i am today, without his videos. you honestly can't go wrong with just watching all of his shit and taking notes, combined with doing literally months of testing. i even went so far as to get into programming to generate reports on my trading ideas to see how much of a statistical edge i really had on the market, you can go really deep if you want.

>>16514073
why not just buy shares of stock in good companies ?
if you have a reasonable diversity, you will make money as time travels forwards

thinking about things in terms of "explosions" is complete zoomer-core investing
you don't need to explode if you make healthy annual gains
If you're really patient and do your research, you might make long term capital gains that outpace the indices. Or you might make gains that outpace inflation or lose to the indices slightly (horror and pain)

either way, the important thing is that you are joining the creditor class, the owner class: you own companies (fractionally). You don't have to do anything more. you bought into the means of production, now you will get paid in perpetuity.
All else is poorfag cope.

>>16514020
honestly: if you like SGMO so much why not just buy at $8 and sell on spikes like today? TA straight up shows you what's going on with price on whatever time frame you wish. i mean if you truly believe in the company, why not also make money along the way by buying low and selling high and buying back in when it goes low again instead of just holding forever like a fucking lemming?

>>16514232
you could definitely have seen the drop coming from at least 3-4 days, buying now may be a fools errand.

>>16514213
>why not just buy shares of stock in good companies ?

because even "good companies" can fail, as history has proven multiple times over. especially when we're talking decades worth of time here. the real money maker is taking advantage of inefficiencies in the market. every small drop during an uptrend is a buying opportunity, every small uptick is a shorting opportunity during a down trend. the key is knowing when those trends end. hint: it's usually when your indicators disagree with each other.

another simplified example: take SGMO from the end of october to today, daily chart. notice how the HMA is blue that whole time, indicating a longer term uptrend? notice how if you exclude the big new event you could know about ahead of time and avoid, every single red bar you could have bought at the closing of would have been flipped on a green bar profitably? hell even the last 2 red bars could have been flipped this morning if you want to get specific about it to be fair. and this is using on 1 indicator, imagine if you had a whole system of them?

>>16514310
is it $8 yet? no? then yeah don't buy. spikes like this always fuck up TA, it's the whole reason why you want to avoid them like the plague. notice how what i mention works up until this spike which you could easily know about ahead of time, ASH was a big hyped up event.

>>16514232
there will come a time when it spikes and doesn't come back down
And it might not be long
I'm not trying to play games or read tea leaves
I will continue to add to my position in SGMO when I see opportunities
I will also continue to add to all my other positions (there are a lot)

If you are able to spot highs and lows for stocks, then maybe you will be able to make a living of it, with only a small starting principal. I wish you the best :)
But as predictable as things seem sometimes, all it takes is a little bit of chaos ruin a gambler

>>16514341
the trick is to treat it like running a business, not fucking gambling, jesus christ... it's not even that hard to learn how to use the tools available to you. it's 2019 we have technology and shit, it isn't even hard if you actually put the fucking time into it.

I hope the trade war and impeachment FUD last forever.

>>16514333
3 days ago it was a doji close higher highs but on the macd historgram it was already headed down. On another note accumulation had ceased to climb any higher meaning it was already running on fumes. I would not bank on a singular price to buy in, but time a good entry.

>>16514333
hey nice trips

again, I'm going to ask you a little question: do you have a real job?

if you want to be a trader, are you ready to fight the spreads, taxes, fees, whatever, day-by-day, all year just to beat the indices? if you are going all-in on a biotech (without at least a doctorate in genetics), you probably don't know what you're doing...
as a trader, would you be able to fight and scratch for a couple %, a couple thousand dollars worth of profit, then one day you are suddenly down 20%? what would you do then, could you just re-boot and get back in the game with your same strategy?

What I'm trying to get at here is that your bet sizing and risk/reward aren't properly set. I WANT you to be successful. If you want to be a trader, then fine. But you need to reconsider your allocations and considerations.
I'm not a trader (mostly) and any/all of my SGMO shilling this entire calendar year on this Gallacian yuu-gi-oh forum has been for long term, not short term returns.

>>16514371
how many businesses do you own

>>16514454
I'm looking at it now and it's no good as it is. On the weekly its looking potentially to keep falling on the longer term while on the daily it may hit a bottom or continue for a while.
A good trader knows when to bail when the going gets tough and being down 20% is nothing if you're using 5-15% of your total capital allocated for trading. Banking on this singular stock because "muh reasons" is not a good enough incentive even if the profits look good (which right not it is not looking very good at all). It's about risk management and being savvy with your money and emotions. The markets are after all very speculative...

>#browniepoints

I stick to trading options with 75-80% probability, hedge my losses by laddering my options when things go sideways, and every once and a while put a few bucks into a gamble I think will pay off.
I've only been trading for a few weeks, but so far I am making good money with little to no losses. Is this a viable path forward?

>>16514510
I completely agree with what you are saying
no one trying to be a pure trader should be 100% in a single stock, much less a biotech
if someone gets out of a trade like that and feels rattled about it, it is a clear sign to re-assess their risk/reward and their bet sizing

>>16514405
the main point is that you should be able to get the trend right roughly 80% of the time, and the rest of your algorithm should be about being able to cut down that 20% "dead zone" down as much as possible. it's what exit indicators should be for, to at least let you know when to not trade at all.

like after this big spike on SGMO today. who fucking knows what will happen next, and because it isn't predictable i'm gonna stay the fuck out of it. at the very least based on the price action my bet would be more down movement, but news events are precisely where TA doesn't work too well on a macro scale, but that is why you avoid them because of that unpredictability.

>>16514454
yes i have a real job, how do you think i saved up all of this money in the first place? and yes, i DIDNT know what i was doing when i put everything into SGMO, it was my first ever trade. i LEARNED all of this shit BECAUSE of SGMO, because I fucked up, it became an obsession of mine and honestly I love it, it's fun for me and I'm passionate about trading now. it's like a strategy game to me.

a better question to ask is whether you believe you can make an average of 1% a day consistently from the stock market using TA in some way? or let's even say 0.5% a day consistently, on average (the average part is important)? because as long as that's possible even with my capital i can make $50k/year and that's good enough for me to do it for a living, and that's what i've been spending all of this time collecting data to prove i can do.

>>16514465
how many successful businesses do you think are run by gamblers? it's a question of your way of thinking. some people take small but consistent bites out of the market, follow a strict system and cut their losses when necessary because they're small compared to their greater overall profits. some people do pic related.

which are you?

>>16514553
also im going to bed now (i have a job to go to tomorrow, after all lol), so this is my last post tonight. just fyi since i've been talking quite a bit recently.

Hey friends. Buy calls.

>>16514553
>an average of 1% a day consistently from the stock market using TA in some way? or let's even say 0.5% a day consistently, on average
I think that is unrealistic
I want you to do your best, I want you to succeed, but the most important thing is to set realistic expectations

>>16514553
Are you saying... I should NOT have bought these ATVI calls?! B-but Christmas!? Call of duty?! Incels still play that shit right?!!?

>>16514576
Based Fed.
Bears will use this to support their crash thesis... blood will spill.

>>16514550
yeah, well you gotta be emotionless when it comes to trading. Leads to alot of sleepless night if you're too concerned with how a stock opens the next day.
>>16514553
Lets see, if it bottoms out on the 1d and people start accumulating you could assume a dead cat bounce for a good scalp. If not and the volume is non existent then it'll keep falling until alot of people determine a bottom by alot of buying. Either by the stock forming a hammer, long legged doji, inverse hammer, etc. etc. But even then it's never a guarantee with these candlesticks unless requirements are met.

>>16514593
15% or more is realistic for success if you can make it consistent enough. That's my solid goal with options trading.

Uhhh guys? Is anyone else watching this rally in Nintendo?

I wonder when I should take profits...

>>16514612
i'm no guru so take my word with a grain of salt: I think it's gonna crash soonish.

>>16514663
Absolutely rippin

Switch is the new mobile, Zoomer-friendly MR console/platform

Absolutely base.d

>>16514653
15% daily? per position? annualized? you zoomers are getting out of control
if you are that ambitious, just put on a trip so we an watch you succeed/fail
if you mean per-position, how many positions at a time, and what % max bet sizing?

>>16514682
Day trading options that expire within the week, 15% is not ambitious when your main trading vehicle is the us economy SPY. Sadly i cant only trade 3 times a week because I lack that 20k account.

>>16514682
oh and if you are trading options, how are you systematically targeting strikes/expirations to normalize beta? or are you not doing that and just shooting from the hip?

>>16514710
so you are 100% trading your full portfolio on each position?

>>16514710
lmao

>>16514682
I'm testing 100 dollar trades to 200 dollar trades which equate to 1 contract per day 3 times a week.
Today I opened a position without day trades though so I got fucked in that sense, but it was a spy put bought when the /es was at 0.00% so we'll have to see what happens tomorrow.

>>16514726
nah it's only 20%
>>16514713
With spy I don't think I have to worry about anything. I trade within the day so i'm out before market close.

>>16514682
forgot to mention it's daily 15% or more depends on how the markets feeling and if there are any buyers/sellers.

>>16514671
Fug. Well I knew blowing up my account was inevitable once I started playing around with options.

>>16514763
do your best!

the stock market is a very good teacher
the options market, especially the weekly options market, is a much worse teacher of lessons, it can leave many students confused and emotional.

the only other thing I can hope to say (and something I have said many times this year, but it always bears repeating) is in regards to
>>16514710
>the us economy SPY
please remember the separation between equity prices and economic activity (and I say this mostly for lurkers, etc.)
In the very longest timescales, indices tend to correlate to dollar-denominated aggregate economic activity. but as timescales shorten (lower Δt for nerds), the economic activity and the broad equity valuations can differ significantly. (ex. the market can go way down, for even months at a time, while the economy is still producing just as much, or vice-versa).
And especially especially especially for short time periods, changes in equity valuations (nerds can call it Δx or whatever) can diverge as much as you can imagine from actual economic performance.
so what you really mean is > market sentiment SPY
because if you're trading weekly options, you are trading market sentiment, not the actual true economy...

>>16514865
>market sentiment SPY
right right, market sentiment. Alot of it again is speculation... Which works well for me if I can follow the money where major speculators are headed. Big if though because you know one thing works one day, but then fails 3 - 4 times in a row and then what? That's the biggest fear factor that your trades fail to hold up as the market changes around you. That's why I advocate reading more as you'll be more up to date with new techniques or different perspectives from different traders.

>>16514865
I'll do my best, I'll always be a student to the market and will learn time and time again.

>>16513928
>ugh. the fact that you don't see "gambling stock" as problem is cause for concern. i'll never understand you gamblers
>>16514553
>so fun, it's like a strategy game :^)

I think you need to reflect a little more, any action you take with stocks is a gamble and if you don't fully appreciate that then you're very likely to find yourself in a similar position as your horror story, likely worse. sleep tight

Just buy AMD and hold.

>>16514952
there's a difference between being a player and being the casino, im just gonna leave it at that. reflect on that and consider why im doing this instead of playing blackjack.

>>16514936
yeah, something you allude to in your post is what I was talking about in my post here
>>16514454
for people who are active traders, making a living (or just making money) by sticking to a system, what do you do when things suddenly go wrong? what if you suddenly lose two years of profit in a single moment? Can you just re-boot and keep going with the same system, or do you have to completely re-tool your process?
It's a real, serious question that anyone who wants to be a short-term trader has to have an answer for. You NEED to have some savings (or much better, some supplemental income) in case things go really wrong all of the sudden.
>Everyone has a plan until they get punched in the mouth
is the famous quote
for traders, the question is: if your memelines are putting money in the bank, great, but do you have enough cu$hion in your system if they suddenly fail?

Bpmc and plug have fallen to support plug appears to be bouncing off, buying tomorrow prolly selling in a few days to a few weeks after

>>16514974
Dont do this unless your planning to hold for the long haul

100% of portfolio in SPY calls at 318

>>16515054
June 2020 exp?

>>16515057
February 2020

>>16515065
I like it

>>16514997
From experience, retool and read more. There's no magic tool to make money. If it were that easy everyone would be able to become millionaires. It aint easy, and often times theres emotional capital you have to deal with when it comes to taking huge hits. Not only is your port taking huge hits, but also your mental capability to trade with a cool head.
Admitting you're wrong on a trade is the first step, the second step is finding out what went wrong and how things could have gone better if you took "x" into consideration. That's what the trading journal is for. Also reading more.

>>16514994
gambling isn't just something you do in a casino, for example you take a gamble every time you leave the house that you won't get hit by a bus and die. however much you might believe something isn't likely, even if you feel you're completely supported by data, nothing is impossible or completely predictable. that's gambling. but I'm sure you're fine, you've learned not to go all in on your gambles from now on

>>16515120
>trading journal
Lolnerd

>>16515120
>Admitting you're wrong on a trade is the first step
sometimes you weren't wrong! many times, even. That's another huge thing about the market. You "pay" (lose) money to learn lessons (you can learn when gaining money too), but because of irrationality and true chaos in the market, it is possible to "learn" the wrong things!
As a caution, many traders (and especially younger millennial and zoomer traders) think of things in life like a videogame, where they gain just gain XP and get better. Pic sort of related. Anyway life isn't that simple! you don't just continually get better by trading until you magically start making money and you're rich and have yachts etc.! that isn't the way the real world works. I really want to caution young people (people my age lol) away from that sort of mindset. You can stick around in this game for decades and lose all kinds of money and still be garbage! be safe and be smart. No one is looking out for you in the market, they will suck you dry with no remorse!

>>16515120
>Admitting you're wrong on a trade is the first step
Sometimes you may be wrong just in the short run but not in the long run. The ability to work yourself out of a losing trade is game changing imo.. but yeah.. you have to know when you are wrong

Ray Dalio always say.. we may be early.. but we aren't wrong

>>16515214
That's the gamblers mentality to think that "oh if i had just held a little longer I coulda made all that dough" Same if you're holding a losing position but got closed out before the big rip into stratosphere "If only I held a little longer".
We options traders can't afford that because time is literally against us. Unless we're the ones selling those options, then it's on our side but there are much worse things to worry about.
It's better to be right about a move closer to the actual move itself than to hold and hold waiting for something we don't even know will come.
I pay to lose, but inch closer to understanding when these moves may happen.

>>16515214
>As a caution, many traders (and especially younger millennial and zoomer traders) think of things in life like a videogame, where they gain just gain XP and get better.
True. This is a new pitfall in the market with little study done on the mindset and effects. I've done a half ass think or two on the matter and keyed in on one particular vidya learned component that you really ought to be careful to avoid if you're new: Min/maxing. Fucking min/maxing. In vidya, you are often rewarded for doing this such that your character becomes so strong in one aspect so fast, the other stuff doesn't really matter. If you're used to this and apply the idea to the stock market, you are setting yourself up for terrific losses. It manifests as failure to manage risk, failure to diversify, trying to figure out a way to do TA such that you make perfect entries and exits (which is impossible), being way too comfortable with high risk.

YOU CANNOT SAVE SCUM THE MARKET

I want to buy DNKN since they own basken robins but then I see the bot article "Hedge Funds Have Never Been More Bullish On Dunkin Brands Group Inc". Everytime Ive seen this article the named stock crashes everytime

>>16515348
Kek they spam that shit in every stock. I wouldn’t consider it an indicator even a contrarian one. If you look up any stock on yahoo finance there’s a bunch of those very same bot articles, I wish they’d filter it out.

Brownie points? Brown... UPS?

>>16515383
Im trying to keep up with the new trends of teenagers and keep seeing this brownie point thing

>>16515468
You’re not even that much older than the teenagers... Is this a ZoomTwit thing? I should make a TikTok...

>>16515301
it's not even at the level min/maxing
it's like, most skills that kids have these days they can get better just by doing whatever it is
not like, "oh, my dps is falling behind the curve a little bit, I need to min/max more to optimize it" or something.
But like, completely trying to systematically learn and master something primal, raw, and chaotic
most zoomers/millenials just expect that if they do something, they will continuously get better at it, because that is the way that the world is laid out for them by parents/teachers/internet
the stock market is wildly different. BUT BUT there are no warning labels to tell them that. So they expect that it will all just fall into place if they spend enough time on it.
not even trying to hate, I'm a millennial too
But the fact is, the stock market is completely different;
the truest truth about price movement, is that any axiom you might create to predict it, will be wrong.

>>16515468
are brownie points a "brown people" thing?
you zoomers and your sayings always mystify me

CTRL-F "expe"
>it's not expedia
shame on you guys. anyways, how do we feel about $SAGE? $HOME? $ULTA?

>>16515517
>>16515587
Its either brownie like the chocolate snack, or a reference to the Girl Scouts
meaning If you make your 'Crush' laugh or do something nice for them you earn brownie points

>>16515707
Oh... that’s not exactly a new thing. Is it seeing a resurgence?

Yeah, doing nice things for other people wins you “brownie points”. It’s just like currying favor.

Now that I think about it, I wonder if it has something to do with brown-nosing

>>16515707
what if I do something nice for u ~

>>16515054
you gonna be holding those boys to 0

>>16514675
It can’t be stopped...
H-hayai
>>16515783
>bears
Yuck

Is everyone strapped in for Ingles earnings tomorrow?
https://finance.yahoo.com/quote/IMKTA

>>16515825
Market's due for a correction. Everything is being held up on stilts.

China = no deal.
JPOW = will be looking to raise rates next year.

>>16511994
why has SAVA been dumping?

anyone who knows, thanks, in advance

>>16515874
He doesn’t have to cut rates or announce Traditional QE. As long as he keeps the liquidity in the market by funding repo markets, the dips will be bought.

>>16515771
is forbidden

>>16515879
*I realize that it is selling off after the 20% pop a few days ago, but is the sell off ever going to end or is the stock price going to give back the entire 20%? ...or is their other news that I am not aware of causing this SAVA selloff? I'm looking to buy back in when the bleeding is close to stopping.

>>16515874
>China = no deal.
as if Trump won't announce a no deal, deal. He and China will announce something positive to forestall a market implosion, even if what they announce is all somoke and mirrors. The announcement doesn't actually have to have substance, it just has to appear like it has substance.

The most important saying in trading is not "buy low, sell high" but rather "buy the rumor, sell the news"

>>16516047
Very true, but as for the next few days, i expect red. People aslo have PTSD from last DEC so I dont expect any green till after christmas

>>16515969
ok

Holy crap I really should’ve stopped buying garbage Viacom and kept buying based Nintendo. I guess the japs saw the chinese presales?

1.33xaverage volume

>>16516108
We might be a little overbought, but the central banks seem to be in charge, and everyone but Sweden and maybe India are in easing mode.

I’m still a little clueless about what’s going on with China’s bank default thing, but otherwise it’s business as usual buybuybuy.

>Nintendo shares hit near 19-month high as Switch goes on sale in China
Based

How successful will Star Wars be at the box office? I have a feeling it’s going to fucking suck and that puts may be in order soon.

>>16516296
All the spoilers are already out and prescreenings are horrendous across the board, people are more confused by the movie than anything else. Doubt it'll have any effect on DIS though

>>16516296
How many of the Star Wars movies have sucked, and how has that impacted their performance at the box office?

As far as I can tell, everyone who’s going to see the movie is going to see the movie, even if it’s not very “good”. Nerds love to complain. These movies are entertaining even when they’re hollow, but they’re not going to get many repeat viewers if they lack soul. However... who actually goes to see a movie more than once in theatres in 2019? It’s going to get people in theaters and theme parks, it’s going to sell merch like mad, it’s going to be talked about endlessly and you’re going to have to subscribe to Disney+ to watch if you’re a normie who doesn’t use torrents.

>that quote
Well he is a drooling boomer. Have you heard the speech he just gave the other day from which pic related is quote?

>>16516356
He's right there is so much water in this country and the EPA and utility cartels gouge the fuck out of people.

>>16513073
buy the CTL dip

>>16516356

Back when I was into Christian rock I got into an album called the Grape Prophet, which was about this cultish denomination led by a charismatic preacher. There was a song called English interpreter of English about people trying to make sense of the prophet's obvious nonsense rambling to maintain the cult's illusion. The way people try to reinterpret Trump's word salad reminds me of that song.

https://www.youtube.com/watch?v=_UGpt4jxvm4

Anyway, I'm not saying there are no good reasons to support him. But you have to admit the guy just says whatever pops into his mind.

>>16512099
>Boeing
As a fellow dividend investor, I don't have much confidence in Boeing at the moment. They have been fucking up with their MAX launch and management is too dumb and comfortable.

I'll buy into BA when I can see their shit start to turn around.
Until then, I'll just be a T baby and NRZ

>>16516296
The insane often times sees themselves as normal and others insane.

>>16516552
Would the corollary then be that the same often see themselves as insane and others as sane?
But that can’t be right... that’d be neurotic

>>16516060
bulls are in control of Russell 2000

QQQ and S&P, probably red

>>16514171
So, about selling options, shit seems like a great idea.

I just started dabbling. Sold contracts decently OTM about six months out on a few retail stocks with >5% div yields...total cost for the strategy was about 8k and if the dividends hold for two quarters I should make a minimum of 7.5% in realized gains, regardless of the movement in the underlying stock.

Having had a taste for it I want to start selling closer contracts more frequently on another company...I'm thinking PBCT.

Cheeky Brit bastard hosting CNBC world is preaching not buying brand new cars and consuming less... something about preserving the viewers wealth... what about the shareholders?!

>>16516356
he isnt wrong.

The markets not dumb enough to dump because impeachment proceedings starting right? We’re not that tiednto algos, are we? We should rally because USMCA, right? R-right?

>>16516917
The peach mints are unlikely to have any effect on the markets. Powell is the only one who can throw a wrench in the gears this week.

Dude weed is BACK BINCH

>>16516965
TA says no. Not yet.

>>16515879
>>16516010
Friday was a pump and dump. Expect it to bleed for another day or two, It is not uncommon for a penny stock to pump in premarket and close in the red. Just remember this SAVA next year for the PHASE 2b pump and dump.

Expedia and Workday have insider buying reported after close and are in a good position to climb.

>>16516970
Does your TA say when it’s time to pile back in to the short?

>>16516970
I should say it's close though. Following through on yesterday's green is very important.

>>16516983
Sure, I can call shorts the same way. No short on CGC right now. Like I said it's getting really close to signalling a long entry. Only reason for weed green yesterday was hiring of new Canopy CEO and market liked the choice quite a bit. I have doubts about that news sustaining more than one or two days of pump.

red pill me on diagonals

>>16517009
You looking for CGC to break over 23 or something? That's what I'd be looking for, something thereabouts. Today's move was big but not meteoric, but it's the first thing in 5 months that's actually reinforced long term faith in them.

>>16517009
Nice thanks.

Any idea what a good short entry would look like for GEO and DUDEWEED?

OH OH, more importantly, meme analysis on LMT? One of the TA models just double downgraded it.

>>16517106
STZ taking over is bullish, they gonna get the JUUL treatment, big boys clean house. Eventually... could take a while.

>>16517136
ye getting acquired would be a godsend, I don't see that happening in 2020 tho (hope I'm wrong). I'm more talking about breaking this endless downtrend in the next 6 months or so

>>16517165
Just buy and hold, you bitch. Well, considering you’re talking shitty Canadian weed stawks, I can understand your bitchiness.

Tfw I only buy the top American weed stawks with cfr Illuminati connections.

>>16517136
>meme analysis on LMT? One of the TA models just double downgraded it.
Just looked and I agree. It's short term bearish for sure.

>>16517190
>imblying there aren't spooks involved in STZ and all levels of Canadian gubmint

reminder
https://www.fool.com/investing/2019/10/03/marijuana-stock-goodwill-is-a-potential-10-billion.aspx

>>16512223
>imagine not noticing the downward slope of the right shoulder forming of a textbook H&S on the SPX

SPY 309 before 315 - you might get lucky on KO if the scared money pumps it on "muh always in demand blue chip american classic passive income" on the upcoming red days, but most likely it will just sell off with the rest of the market.

PEP...wew, what made you think that was a good idea to add to your KO call portfolio?

PEP is shit, trash, will go BK in 20 years.

>>16512577

got jacked pretty good in the morning holding too many long positions from last week and not selling first thing in the morning like I always should (except when I shouldn't). Wised up and rearranged the deck chairs...and considering the big fat red dildo that just formed on the /ES futs, I'm about to get real comfy tomorrow....

>>16513073
fuck your kiked telecom monopolies.

Bulls are fuckeeeedddddded

>>16513559
standard noob story. unfortunately you started with way too much money and got emotional about one no-name literally who dime a dozen biopharma...

It seems you broke even or came pretty close though. Here's some advice: your first five years of active investing, only buy companies you've actually heard of. Bonus if you are a customer and genuinely believe in the product/services. Don't speculate on bullshit. Don't listen to most of the lemmings on /biz/

In other words, quit gambling and start investing. If you want to gamble, set up a second account with the same broker, throw 2 or 3 grand in, study up on options, get approved for level 2 options, and go to town. If you're bored in the evenings and need some shit to click, get approved for futures and trade MICRO index futures ONLY. As tempting as it may be, do not think your balls are so chadly that you can handle the E-MINIs.

Trust me on this.

>>16517522
you doubt the frito lay and Gatorade empire that is PepsiCo?

>>16513659
Sauce?

>>16514548
>options trading; viable path
as a long time options trader, yes you can be successful. but it is guaranteed you will blow up your account and lose and ungodly sum of money that you worked very hard for unexpectedly one day.

If you don't get emotional, deposit another $1000 and get to work you will eventually make it all back and then some.

>>16517555
Wew lad that’s a lot of bear... no hedging... just amarin. You got lured into the cult by the t-baby retard?

I’ve got some calls but... will probably sell most if not all if it pumps into the fda meeting.

Oh hey what interface is this?

>>16517629
Don’t remember, just searched Nintendo switch on one of the boorus. It might’ve just been called booru.

>>16514710
get a cash account with margin trading. day trade all you want until your cash for the day runs out. you can't short options or do spreads (well, without putting up the full amount of cash collateral), but you can long all you want intraday.

cash settles for re-use next day

I use Ameritrade. I've heard some other brokers don't allow for cash options accounts, but I've never tried and don't give a fuck.

>>16514742

you'll be fine on that trade.

do you have level 2 or 3 options? i ladder into spreads sometimes to reduce losses--thing is, I can't tell you how many 500% gains I missed out next day because I put on a fucking condom.

These days, once I get that "all hope is lost" feeling on a position, I just hold the fucker. Usually ends up breakeven or profitable within a session or three.

OH FUCK FUTURES JUST DUMPED HARD

What was that? Shit, I was looking forward to taking big profits tomorrow... now it might just be medium profits... may even have to exit some of those specs on a loss ;_;

WHAT WAS THAT?!

>>16515054
hope those are dated for january or later, otherwise yer fugged bruh

>>16515214
You "pay" (lose) money to learn lessons (you can learn when gaining money too), but because of irrationality and true chaos in the market, it is possible to "learn" the wrong things!
This anon trades. Here lies one of the fundamental truths of the market that only experience can delover in full. See you at the top, fren

>>16517703
Damn. Fucked up the quote. Time to go back to bed

Woo! CNBC finally covering the shit that matters! The REAL SHIT.

https://www.cnbc.com/video/2019/12/10/tencent-is-the-best-partner-to-go-into-chinas-market-analyst.html

https://www.cnbc.com/video/2019/12/10/nintendos-partnership-with-tencent-is-a-win-win-jefferies.html

https://www.cnbc.com/2019/12/10/nintendo-switch-goes-on-sale-in-china-shares-rise.html

>>16517165
oh no, that's not happening any time soon. I just meant they could gut the current leadership and install their own regime.

We gotta get legalization first, and I don't see that happening for at least 5 years. I expected dems to make more of an issue of it, and then perhaps trump could steal their thunder by supporting it, but that's not happening. As long as boomers are the dominant voting block... well common sense reforms of anything isn't going to happen, especially obvious things like 420blazeit

>>16517199
shit. that's terrible news... I wonder how this latest shit congressional shit with turkey will effect it. LHX also taking a brutal beating.

All my hopes and dreams dashed in a moment. It's ogre

>>16517646

I have a ROKU 160 call, a TSLA vert call spread 350/355, and a TTD vert call spread 260/265 not pictured and yes, all down but not out. I keep certain positions organized into groups for easier management--stocks, "Set and forget" "credit spreads" "life support" "cleared" etc. I just haven't moved AMRN. I had A LOT more 35 jan calls at an average of .28 earlier today, but sold for a tidy 25% profit...then realized I'd hate to miss out if the shilling is right and snagged up one more with some pocket change. I keep waffling on going deeper, but I'm happy with the fairly light position I currently have.

TDAmeritrade's ThinkorSwim platform is the software.

Oh and how about that LCI today guys? I didn't buy, but I was shilling it in my TA from the weekend. Looked prime for a move. LCI current price / my buying power availability / lack of other better looking opportunities just didn't line up for me to go in. congrats to those that did!

Welp. Tomorrow's open is gonna be hairy.

On the up side, gold is trying to hold a higher low with some buy volume coming in. A good tree shaking on the index today may be just the thing.

>>16517839
>>16517854
yeah... I just set sells for all my december calls..

I'm going to be busy tomorrow and can't afford to babysit them all day. I'm worried robinhood is going to fuck me by giving me the lowest possible price above my limit but so be it.

There's so many strong levels on the NQ where you can catch a small profit on today if we tank hard. I'm gonna go sleep for another hour or so just to have some extra energy for today

We'll get a nice gap down, possibly bottom out around 309 SPY. then FOMC doing nothing will cause a fake rally into close unless the kikes get cute.

Anyone else notice BTC and SPY have been correlated in daily moves for the last month or so? Not in percentage move obviously, but in the timing of down/up, usually to the hour. They seem to trade the lead, but one follows the other enough that I have been making more profitable BTC trades than usual, taking advantage of the "arb" opportunities.

>>16517136
>GEO
Why did it moon so much?
It hasn't reached my buy in price yet.

>>16517577
Really not that great

>>16517948
I just assume it's sort of a wealth effect thing, people feeling good about having money and their investments going well means they get more bullish. And if they lose money they're more likely to pull money out. FOMO and FUD.

I think that's basically what will happen today. which is why it bums me out that I'm going to be dumping everything at the open. It'll be like a repeat of monday/tuesday, a fabulous buying opportunity.

>>16517967
GEX made that wild spike up and gap down, and that worries me. It looks like that's usually a bad sign.

>>16517961
I assumed short squeeze? I haven't checked the data though, there's legal bullshit going on so I took my losses and crashed out like an asshole. I'm not good enough for that, I'm sure the big time investors send people to sit in on court hearings and confer with the lawyers and whatever the fuck else, this is out of my league.

Ostk someone?
30% short

>>16518025
I think it will crash down to 6 before we go up.

Reminder that Disney stock is going to shit the bed soon
>retarded leaks confirmed
>even normies dislike the main characters
>0 Chinese audience
>test audiences giving every version terrible scores
>no OT actors left
>trailor has far less views in the same timespan as the previous movies
>they fly now

If you aren't betting against Disney rn you are retarded. This movie won't even break a billion.

>>16518186
DONT KNOW WHAT YOU MEAN. That sounds fucking AWESOME!!!! PEW PEW AHHH. Laser are fucking cool. FUCK YEAH!!!!

>>16518247
B&R

>>16518004
B A S E D

> Buy MNSTR

WTF happened to gold.

Drink $KO

daily reminder to buy the VIX

man, fuck

>>16518551
>down 1%
come back when you are down 50%

>>16518560
Ain't that the truth
trading;
as they say in Chicago-the smarter you are-- the longer it takes

>>16518564
it isn't about being the smartest, you just gotta be right

>>16518570
I think the joke is it's the guys who think they're the smartest that blow their account up quickest. Or maybe it's the *really* smart guys that know the race is won slow and steady er, some boomer shit like that. I'm still on my cup of coffee.

So we got the fed fomo meeting. Anybody know what was baked into the cake?

Big dicks today

>>16518613
Very likely QE4 will be talked about, and the Repo problem, other than that it's anybody's guess

>>16518613
Its a 2 day meeting and I dont believe JPOW speaks until tomorrow;

From my understanding he is not going to lower rates because the economy is "good", he probably wont raise them either, so what matter is what his future outlook is; Don't believe it will have that big of an affect on the market, unless he says some wild shit about raising rates.

Turtle investing FTW.... I like having many turtles carrying my money on their back

Bloomberg TV beating muh wymyns dream. Dear God please send the blakk fema1e lesbyan dance theory hordes into JPM and GS. I could use the low hanging liquidity

AHHHHHHHH STOP FALLING

>CORV
Any AdCom bettors here?

>>16518186
Buy cheapies for next ER

So what the fuck is going on with SNSS?

>>16518551
I'm down $3000 but still having fun.

Though if we reverse from here and I go back to being $5000 down, I won't be too happy.

>>16518004
dump the losers, buy the opportunities anon

i take it you are trading options primarily? if stock, I don't really understand the need to bail unless you think this is The End. Personally, I don't think the bubble deflates until sometime later in 2020. This is just your typical post 10% gain correction. China trade deals, impeachment and next USCMA are just convenient narratives.

>>16518186
God damn it.... This is the worst thing I've heard all day. Fuck this I'm going to move into disney put options now.

>>16518903
I wish I knew

Stop me if I'm being retarded, but if the Federal Reserve starts purchasing bonds, we should get the bond puts right? So we can sell the bonds to the federal reserve to to collect QE shekels?

This is why I trade futures people. Easy money in the overnight

>>16518971
Oh wait, i'm being retarded... Yields would decrease making bonds increase. So yeah I'm being retarded again.

>>16518975
Look at that dildo. Markets gonna open green boys

>>16518756
I'm in but only with about $300

>>16518984
Based plunge protection team

>>16518984
Artificially pumping, it ain't gonna last

>>16518984
Fuck this gay earth.

I was afraid this was going to happen. Seems whatever the prevailing futures trend is, the open is the exact opposite. Prolly gonna do some heavy fading tho. No ez money for this anon today ... :(

>>16519049
That's certified organic price action. Only a fool would bet against this economy.

>>16519087
I did yesterday before the dump. Hoping it'll continue to dump within the hour.

>>16519087
just kys tranny

>>16519049
definitely, see btc...currently dumping. spx will follow. seems like the btc pump algo was incorrectly used on the stock market today.

>>16519167
Keep betting against the American people, faggot.

>>16519176
What happens when the Fed turns off QE and rate hikes?

>>16518984

This is pumping on new stories of the tariffs not going through on the 15th. This is the ultimate capitulation on behalf of Trump if he confirms this.

>>16519182

>What happens when the Fed turns off QE and rate hikes?

U wot m8

>>16512533
>some bias is unavoidable therefore I can hand wave away all propaganda no matter how flagrant
wew

>>16519190
>resumes rate hikes

phoneposting

>>16519176
BASED

>>16519182
You get a strong dollar and cheapies all around, but Powell isn't going to do that.

>>16519182

>>16518490
Stock market started hauling ass on jobs report and generally macro moving in the economy mean people liquidate gold to invest in stocks

Unless it’s a quick flip for a small dip, I would not bet against America. Fuuuucckk no, I’m not angering my account red like that again

>>16519227
if Zeihan is right America will be the last one standing.

>but muh China

Is in even deeper shit than the US

>>16519176
As mentioned earlier by a different anon, a bet against /es is not a bet against the us economy, but rather a bet against speculation of the US economy.
I'm betting against the eternal bull which may not even last seeing how the economy has pretty much reached some sort of peak.

I buy any and all dips in US indexes. I learned my lesson a while back trying to be smart shorting this shit. When something happens and we tumble for real I'll just hodl for dear life and wait for it to come back up. Even the great recession was on the rebound inside of 2 years. I can hold that long if that's what it takes and I'll just keep buying on the way down. And if it never recovers well I guess I'll have bigger things to worry about like food and ammunition so who gives a fuck anyway. Better than blowing it all on creepto
See you at the top

>>16519249
I meant the speculation had reached a peak. My mistake.

>>16519255
checked, based, and notretardeddoomerpilled

god damn it just open the fucking market already i want to hit the ask!!!!!!

>>16519272
I really think either:
A) The marke should be open 24/7
or
B) All futures+after market trading should be banned

>>16519167
>tranny
nani?

Bloomberg is reporting that the source of these tariff postponed leaks are from the Chinese side.

>>16519288
Just open a futures account man. You can do it with like $500 and as long as you're not retarded you won't blow up your account like the retards that YOLO 20 cars on the e-mini losing it all in 30 seconds. Just go in and take it easy then you can trade 5 and a half days a week on any and all news/blips. That's what I do and I caught the dip last night

>>16519303
>and as long as you're not retarded
Ah therein lies the problem.

>>16519323
haha I hear you anon. It's some good trading though. I just made 4 quick trades on the opening volatility. Futures are much easier to scalp than people think. Just buy and sell as it jumps up and down. If it sinks buy a little more. Favored tax treatment. No pattern day trader bullshit. Ridiculous liquidity.

>>16518987
600 here m8, but I bought at 2.35

>>16519348
I wanna trade during whites only trading hours. Who's your broker?

Is the SNss dream over

>>16519348
I'm not a trader tho. I just fuck around on RH with options where I usually lose $. I let a roboadvisor handle my actual bags.

>>16519381
I've tried a few but I'd say your best best is Amp Futures. Lowest margins, lowest account minimums, and cheapest round trip trades (like 75 cents round trip on a $15,000 trade). I mean you can't beat it. Customer support could use some work but you can call them anytime and cancel trades or whatever if your internet takes a shit in the middle of something. Try that with Robinhood.

LOL
>>16519399

>>16519399
LOL
>>16519399

>>16519399
LOL
>>16519399

>>16519399

>>16519394
>I'm not a trader tho. I just fuck around on RH with options where I usually lose $. I let a roboadvisor handle my actual bags.
Probably the smartest man here