/biz/ - Business & Finance

swinging coty and gte all day

i was holding bbw overnight turned out nice

>>19597694
I upped 6% on my 20k $ today with just stocks.
A lot of it was because I have 6k $ in CCL.
Today was a nice day, and I don't see any reason why it won't continue going up.

Poorfolio who made $500 in gains for a total worth of $2250

>>19597694
I was working the whole time and just looked back down.

Holy fuck.

I had three 500+ days in a row last week and now this

>>19597869
i sold MRO a few days ago because it wasn't really doing anything. fuck i'm dumb.

>>19597932
heheh. I'm still holding about 5 of 'em.

>>19597694
Up like $600 today. I'm happy with this progress.
I have money to put in, but I don't even know what to buy right now. I wanna try something new. I got mostly vanguard etf's on a broad-ish coverage right now. What's a good/safe/ stock to expand to with idk, ~2.5K? I was joking the notion of buying a single amazon, but uh, it doesn't seem that terrible an option..

Don't get cocky. It's gonna come crashing down once corona 2.0 starts in a few months.

Made 1500 with 2000

>>19597694
155k>>19597932
MRO Chad here from last month. rmbr me?

>>19598473
>It's gonna come crashing down
true
>once corona 2.0 starts
lol. people wont lockdown again, silly

>>19598044
buying a single share of amazon right now is like putting a cup out when its raining gold. buy some calls pussy.

>>19598551
Holy fuck

>>19597694
>>19597869
>>19598473
>>19598551
Post long-term PnL.

>>19597694
made 45,000 today

>>19598797
3M Gentlemen

WHERE MY /DAL/ AND /NKLA/ CHADS AT?

>>19598551
God bless you Anon. I am always happy to see a /biz/ success story.

>>19598473
Liberals dont care about the virus no more. They only cared when they could use it for political points. Cops killing meth addicts is more appealing now.

>>19598985
Thanks Anon and /Biz Love you buddies

>>19598044
I sold my stack on gush today and I came out with 6k, I'll put everything on calls in the morning, easy 20k by the end of the week, don't get left behind, nothing but good news the whole week.

https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/3541DCE0-A99A-11EA-9640-B863A06F7DF2

they managed to weather the storm by selling nothing but inventory and they still have a shit ton.

Easy fucking money, I am going all in no holes barren, if I lose my stack so be it, this is a golden opportunity before they say Hertz sky rocketed 1000% in a week.

Bail before anyone mentions a second wave but that should be obvious by now

>>19598938
Mine today. Put a 9000$ loan in DAL when it was 22$ a share.

>>19599142
How do I learn about calls and shit. I've only ever done long term investing. I have a good sized savings that im looking to have make me money in the market.

pls don't make these threads

>>19598551
Kill in it bro

>>19597694
Got a bunch more
Worst pos -15%, it's firstenergy
I buy and hold a mixture of large, mid, and international with dividend preference. Although some of the too performers are no divs. Ideas outside of the normal criteria I limit to no more than 2% nav at purchase
The goal is to track SPX but smoother and increasingly divergent. Basically, I want to keep the correlation high but still grind higher over time. It's been going that way for 8 months

>>19599024
God. I hope so. I just want to be able to fly again. I haven't seen my Asian gf since December.

>>19599462
Chart shows the idea better.
The way I'm trying to do this is to keep a portfolio that is highly similar to a basket of the heaviest SPX components with some additional spice thrown in when I feel like it
I rebalance when needed, it tends to be monthly, the goal of that is to keep the highest total % performers as the highest market value positions (such that the worst losers are the smallest positions). Ideally I want the list of positions ranked by % return to be identical to the ranking by market value

>>19599567
Hmm interesting strategy. Seems like a good safe one.

>>19599210
Just think of them as contracts, you're buying contracts with money up front, the strike price is the minimum amount to cover the upfront cost of the contract otherwise you lose your money.

You're holding 100 stocks, not owning, so anything above the strike or below if you short is yours, with the surplus money you can exercise to call and actually own at a discount compared you the current market price, people here are afraid to buy options here because they don't understand them, go find a penny stock and buy small contracts and fuck with them, the worst that can happen is someone actually assign you and you have to actually buy 100 stocks to give it to them.

But options is where the action is at, Robin hood has training wheels so you don't create contracts with possible infinite losses, I need to learn how to short properly, if you become good at short you can make money in any weather, whether the stock is going up, down, side to side you can still make bundles

.... or lose it all

>>19598473
Yeah fuck you I'm not falling for your tricks again bobo. V-shape recovery was achieved before even everything opens up again, people don't give a flying fuck about the kung flu anymore because they now care about social injustice, NEETS are making money and you are here doomposting. Fuck you again bobo you piece of shit, I missed so many gains for believing you.

>>19599210
just buy calls. start with 50 bucks. youll get it. or idk duckduckgo it

>>19599219
DIE A PAINFUL DEATH YOU STUPID MOTHERFUCKER! DIE IN AGONY!

God I wish I wasn't a poor fag. Actually just wish I started years ago. Rate my 3 months of work. Trying to dump 100$ a week into it but also trying to get completely debt free

>>19597853
same boat broski, but all in all not so bad. Im up 8% which is $122, but still only worth $1500 :(

I’m up double on IGPK stock but I’m not sure why the price went up

>>19599739
Put most of your discretionary money towards becoming debt free. Think of it as a guaranteed return on whatever the interest rate is.

>>19597694
I made about $600 today. Even TVIX went up despite the S&P ending up in the green

$SHIP
$GLDM
$BKR
$XLE
$TVIX

Can anyone explain what the fuck TVIX responds to? I know its some sort of volatility AI that reads the news, but I simply don't understand what the fuck affects it.

bobo here
im financially ruined

>>19598044
buy axp and rds.a

Made 1,600 today

Thinking about cashing out on 20k and going long term on the carnival and oil

>>19598551
Good job. Now we need to get me to that point.

About $550
Started this morning with about 5k after transferring 9k back to my bank

>>19597694
RTX has been very good to me. Picked up a bunch more calls during the day for a bunch of stuff.

>>19599739
You Should be happy with that. Good results

>>19599785
My problem is my bigger debt. Was all interest free. Buttttt it eliminated the most of my monthly expenses. Paid off my car and 2k away from my hot tub. School loans are next. House last. And house I don't really give a shit to pay off. Interest is low enough. Really started this account to play. Butttttt uhm it's fucking addicting. And neat to learn

>these threads

So glad I just went all cash. This bubble is crazy.

>>19599633
Thank fren. I try
As far as the risk goes it seems sensible that to beat the benchmark I must be taking more risk than the benchmark. An obvious flaw in this strat is that it might tend to allocate too much to a few positions. I try to counter it by introducing new names every so often. Want to keep positions to less than 10% nav. I'm finding that if I stick hard to it there is a margin built around the best positions that shields me from downside. And when downs happen the rebalance buying comes in which is what's really causing the divergence I think.

>>19597694
8k so far...

>>19599861
Thanks man. my REITs are just fucking killing it. I've made awful choices but feel like I'm learning with each one. The fomo kills me the most. Up 60 percent in the three months tho

i'm vegan btw

>>19599797
started 4 days ago btw

>>19599452
what was the one and only stock you bought, kyle?

Do I have a potential 10 bagger here?

>>19598938
Why yes, I bought VTIQ calls and held them this entire time. How could you tell?

>>19600008
post proof glowie

>>19599949
That's a month's worth of hard work faggot, starter with 300 bucks cus that was all I had in the bank at the time.

Gush was the one that got me there with only 3 contracts and it was still running high today 8 bucks or another 1000 bucks or so but I want the credit and went up to sniff a good deal and I found Hertz, it'll essentially touch the 10 dollar mark by Thursday, I am buying 30x tomorrow more if I can

>>19600062
you got me, only had 1 VTIQ call. spy puts wiped me out. Based NKLA brought me back to green AT and averaged that shit up all day today

God damnit. Wow. I should have sold everything this morning and all in nkla

>>19597694
Buying and holding SSL from 5.24, averaged up to 2234 shares at 7.60

>>19600245
>He turned about 7K into 18K in a week
FUCK HOW?

What do I do now? Just continue holding?

>>19600281
I want to be this anon
>>19600245


What is nkla doing? Is it about to go to 1000?

what exchange do you guys use?

>>19597694
I know this feel. Comfy as fuck, thank God I hopped on the IVR train. I'm making more money unemployed than I made working as a wageslave for 20hrs a week.

Up 1100 today and have doubled in the past 3.
2-6/30 IWM 140c bought for 3.78 and 50 7/14 T 34c I got for .20
Rest in in stocks XOM/KO/Verizon.

>>19600595
literal V shaped recovery. Diamond hands were rewarded

I'm long CDEV OII OXY LTM. It's been a great day.

Newbies asking what to do -- get a FinViz account and learn how to build a screener and how to read charts -- Simple Moving Averages, RSI, VWAP.

Find candidates based on your own trading style and learn what you're trading instead of picking tickers from StockTwits.

>>19600631
Good for you. Pic related is what i sent someone Friday. Kicking myself...

>>19597694
+1079 today. Crossed out one's are my long term holds, I wish I had a seperate trading account.

Held VAL and OAS overnight from last night. Still holding some VAL tonight.

I bought RIG at $1 last month. did over 3x since then. Look lie it might pull back to weekly pivot and then pump higher

>>19600744

and I bought PGNY near todays low. Expect this to break all time highs on this run.

I hate all of you

I'm very new to everything, made a bit of money with puts on BKD (senior homes) and UAL in early May, should have immediately gone for calls on the airlines and casinos right after but I didn't. Since '08 ended with more people in the precariat class and this pandemic showing that the stocks are divorced from the economic reality of people in the United States and the impending collapse of small businesses, I'm thinking of going for WMT 150c 01/15/21 and maybe long-term calls on DG as well because the latter is going to be dancing on the graves of every corner store in Bumfuck, Arkansas when unemployment and underemployment still remain high in the next year or two. Am I autistic or am I actually just retarded?

>>19599836
I shall help u MRO Chad here to help

>>19600807
The feeling is mutual you fucking piece of shit. I'm never sitting on more than 50% cash again. Fuck you and drown in a pool of semen motherfucker

>>19600280
I started with less my dude, started End of April. Check em (on phone now)

>>19599739
Hey man, same boat as you, also 23% up, I have a little more in than you but similar situation

>>19599210
watch a few youtube videos on beginner options. its the best way to understand it as a noob.

My Poorfolio give me advice on next calls or puts to buy.

>>19600096
Don’t go all in on Hertz.
> “If you look at the markets in general, people don’t know where to put their money. They are like ‘Hey, I’m going to try that $1 stock,”’ said Ruddy, who now works in sales for SC Lowy Financial HK Ltd.On Tuesday, J.C. Penney shareholders will press a federal judge to appoint a court-approved committee to represent them in the bankruptcy case. Getting official status would mean forcing the retailer to pay for lawyers and financial advisers who would work on behalf of shareholders. Judges rarely grant such requests for two reasons: The legal fees can be expensive and under the so-called absolute priority rule, all the debt of a company must be paid before shareholders can collect anything.

Some of the rally in bankrupt shares might be attributable to short covering, when traders who have bet against a company close their positions by re-buying shares, lifting prices. But the rally could also be fueled by amateur traders, bored in lockdown and looking for a quick buck, using platforms such as Robinhood. The number of Robinhood users holding both Hertz and Whiting Petroleum shares surged after the companies filed for bankruptcy, according to Robintrack, a website unaffiliated with the stock trading platform that uses data to show trends.

Under U.S. bankruptcy law, shareholders are last in line for any kind of payout -- behind the lawyers, lenders, and vendors -- making a recovery for shares unusual. The size and scope of payouts is usually determined by a so-called Chapter 11 plan, which creditors vote on and send to a federal judge for approval. Those plans often leave even high-ranking creditors getting less than they’re owed.
Hertz, which climbed 95% since it filed bankruptcy on May 22J.C. Penney, up 167% since May 15Whiting Petroleum, up 835% since April 1

>>19599800
TVIX is just 2X leveraged VIX volatility index, you actually believed it was an AI that read the news? Kek

>>19600994
Feels good to win. Feels bad I didn't pull.my emergency savings to gamble

>>19599831
>long term
>carnival and oil

yes anon long term oil, fuck the climate. Burn oil all day

>>19601164
fuckin eco zoomer

>>19601048
NRGU
LTM

I need good recommendations

>>19598551
I listened to you, but I could only afford to buy so much while keeping my portfolio diverse, even so I still have 230 shares and its 50% of my portfolio

>>19600673
>Options
Stop that shit. You might as well go to a casino, it will be more fun. Not being an asshole just trying to help.

What should those of us do who are satisfied with our gains? I’m up 40%. I want to put more money in but I can’t justify paying double for some of the stocks I bought. Should I look at new stocks or increase my position?

>>19601096
What does this mean? It will crash soon?

>>19601164
>muh climate

Yeah keep believing in climate change

>>19601572
Don’t listen to him. He doesn’t know what a chapter 11 is or how bankruptcies work.
American Airlines filed bankruptcy in 2011 and within 2 years, their stock reached an ATH
he is just a newfaggot
You need to follow how many layoffs a company is doing. For example , Latin American Airlines (LTM- great stock to buy now) just did a chapter 11.. they only laid off 1800 people out of 41,000.
Hertz is just taking advantage of the CARES act which also covers asset protection in bankruptcies, so basically they are just scamming the system.
If I was you, I wouldn’t hold it very long. Don’t expect it to really moon much more.

>>19598551
Very nice large gain.

>>19598911
Also nice large gain.

>>19597694
BA Calls. Well over $10k based on AH numbers now

pretty good

>>19601689
On top of that with the bailout Trump did on Airlines. He clearly would not let AMERICAN airlines die or go bankrupt

>>19601725
overall

>>19601774
How the fuck

>>19597694
Nothing special. I have another $500+ in an M1 account I just started that’s like up 6/7%

>>19597694
What do you people do for work? How do you trade stocks when youre working? Im a tradie so i dont get it

>>19601725
>>19601774
How's it feel breaching 6 figures?

Still feels like nothing changed. Guess cause my goal is to reach a high enough amount to retire myself, siblings, and parents. 500k is the first goal. With that amount I can do safer plays to gain more. Or risky plays with a "small amount" that would hurt more if I had less and it failed

>>19601737
Well Latin American Airlines is a Chilean company so it doesn’t apply to them, so it doesn’t apply. But delta did buy a 20% stake in Latam and the Chilean government and a brazilian company are in talks with bailing it out. trust me, buy LTM before it’s too late . Right now I’m expecting to minimum 4x maximum 5x

>>19601829
I am all in in airlines, cruiselines, casinos and oil plus some safe 2022 calls. Moving to Banking next.

>>19601954
Neet myself. If I reach 500k it is official neet mode. Job 100% optional, mainly to amass more wealth to accomplish early retirement for not only myself.

>>19601954
This.it was great being on the unemployment line. A shit load harder being back at work. Have already fucked myself twice. About to buy something. Get busy and miss my opportunity. Even thought about buying boomer stocks and just chilling because I don't have the time anymore. Also construction.

>>19601829
Very lucky options trading I bet
I'm sure once you hit that 25k mark and are allowed to start day trading profits start being made a LOT faster

>>19601954
i'm an accountant. i've been working from home since the end of march due to the chinese virus.

>>19600521
its called a brokerage lol

Im up 4k today, account has been blowing up from UAL and DAL calls. I have another account that went from 3k to 15k due to cruise ships and maybe this week or next that bastard will go to 30k.

>>19601961
Goal is to get to 150k and then quit my job and use 100k to safely day trade. nothing risky, aiming for 0.5 percent daily/

>NKLA after hours

OOOOOOOOOOOOOOOOOOOOOOOO

>>19597694
brand new boi here, I made over $300 on AXAS

>>19602004
>About to buy something. Get busy and miss my opportunity.
I missed NKLA on this today. And it was the most trivial stupid makework bullshit too. I am fucking livid.

;)

>>19601454
I hear you. My father lost 6mil in the dot com bust after he retired.
I’m just doing it with what I can afford to lose.
With this volatility you are basically playing roulette but have a chance you bet red/black and have 45 days for it to hit.

>>19601979
what banking stocks in particular? you think they'll moon soon too?

>>19602127
what happened?

>>19600521

>calling brokerages "exchanges"

How do I look out for which stocks to buy?

>>19602073
>150k
Seems achievable to reach, especially if these pumps continue. Nonetheless the more money you have the easier it becomes in turning it into more.

As for the day trading thing idk how that will work out as I find that risky.

>>19602153
Square, Capital one and a shitt load of citigroup 90 Calls for 2022

>50 in Hertz friday
>wake up to 120 today

Tfw shouldve spent life savings on hertz

>>19602127
I was gonna dump my bags into Nikola at 40$ today. Went mfa instead. Doing goood so far tho. Not on Nikola level but I'll take it

>>19601449
Sall good man. Ill drop my next moves once i find some more good ones

Is there a free alternative to Morningstar or is it worth the payments?

>>19602073

If you are single with a cheap rent you can likely get by doing that pretty easy.

I don’t have a lot, but I guess you have to start somewhere.

Any other crazy SOBs going play Russian Roulette with Hertz tomorrow?

>>19599917
this is based

>>19601689
I expect 20 bucks from Hertz, anything below that will be a massive disappointment, I'll put at stop lost at 16 tho

this market is fucked, the government is fucked, everything is fucked

My gains are not sustainable. I am ready to sell everything

>>19601954
Working from home = more downtime for monitoring stocks

>>19597694
I'm up $10k today. Up $350k since the low.

I’ve made a chunk in the past week.
Thinking of dumping hertz while the dumping is good. I got it cheap, and who knows where it’s going next.

First time in the market. Still feel like I could have had more.

>>19603343
Same here.. seems like this grab bag will be over in about 1 or 2 more months.

I have my finger on the trigger to sell as soon as the are some pre-crisis level pullbacks. For instance AAL went all the way to $8 something from $30 losing 76% super quick. It's now at 20.30 which is 41% from pre-crisis. Once it hits 31.50 it's only 10 percent down.

There are a bunch of stocks following a similar pattern, but look at stocks like TMUS and EA, LOW, HD which got back to original levels and then surpassed it..

Can airlines and travel companies do that? I don't know.

>>19601541
I do a variant of the barbell strategy. Short term holds, options and volatile positions on one end, vanguard etfs, blue chips and dividend stocks on the other. I keep them in separate accounts and funnel about half my gains to the long term account. Any losses in the trading account get topped off from income rather than selling my actual investments.

110$

T. UBER options

holy SHIT dude, $5,000 you're fucking LOADED man, you're like halfway there to owning a 2010 model SLC!

Invested my first bit of money in the stock market 10 days ago so I’m still new to all of this, started with $1k. Ngl Most of my profit from today, and in general was purely from NKLA’s massive surge today. Any advice/insight on NKLA?

Decent tendies past couple days

>>19600779
That looks pretty minty Anon, I have no idea what it should be valued at though, it's pretty niche, not a lot of immediate comparisons

>>19605435
It's going to go up quickly, then down twice as fast