/biz/ - Business & Finance

>>20510209

first for fuck the gookposter

>>20510209
trump will lose

>>20510225
ok come fuck me

>>20510209
fuck anime and fuck gooks

Is VXRT gonna go up? I sold it at a high last week and it went down afterwards, should I get some again or just go for DFFN or AZN instead? FUCK dude I hate biopharma

>>20510232
Silence, faggot

Futures are slowly rising. +1% by open with stimulus bill news since Congress is back.

Im about to go to the gas station for soda. Is that based?

>>20510241
only get AZN depending on how the report goes if it's good buy. Apprently its coming out premarket can i get the source on that anons?

>>20510273
>soda
no

>>20510265
Plz be 2 trilly with $1000 for stocks

>>20510301
damn

>>20510265
what do we buy with 2nd stimulus

>>20510241
Why hate when you sold at the high ? It has plenty potential to run up further after the pullback on wednesday, just depends on some news so understandable if you want to stay out of it. If its clinical trials go well, it could easily run up like other big name corona stocks like MRNA, NVAX, INO

>>20510265
I'm stimulated.

>>20510328
Stimulation.

205/210 7/31 MSFT CALLS TOMORROW

>>20510328
at least half of it goes straight to physical gold or a weapon/ammo, the rest can go straight to debt or be held in reserve for those debts, preferably with the institution that holds said debt. No questions.

>stimulation

so energy drinks?

BILI
BETZ
MGM

BROS

Holding 300 shares of both UAVS and MVIS. Going to try to buy 200 AQB tomorrow at the lowest price I can. Might do as many LOGI as I can afford after that for hopefully 5% on the investment after earnings. What are your guys plays tomorrow?

I've had 5 double adios mother fuckers in the past 6 hours...so what...25 shots?

Even with that I know NFLX will get crushed tomorrow *hiccup*

Also, first for anime and cunny. And fuck horse $30 EoW *hiccup*

>>20510287
You think DFFN's a bust?

I’m going all in SQQQ calls

>>20510433
AZN to the moon. Guaranteed to be @100 at market open.

>>20510433
Im letting go of my cruise and airline bags if I break even when this hmgets hyped just to buy cheaper desu

>>20510459
SQQQ, all in, during fed intervention. Rather tickle a bear's butthole.

>>20510462
$62 is a steep entry cost for a shitty PnD desu

>>20510209
/love/
Wholesome.

China is mooning

>>20510385
Gook armpits are the only true stimulation for me

My recent shitcoin stock holdings
Vbiv
Aim
Hoth
Aiki
Vuzi

Just buy CLSK and ride the elevator to the top

>>20510526
I know, I'm just fucking with retards. It will pull a Moderna and pnd.

Hi, this is my first week. What time does it open at?

>>20510573
Didn't Moderna go up a lot tho? You think it's a bust?

>>20510596
bing.com

>>20510573
Moderna's pnd price is quintuple what it was at the start of the crash. I went in soft on Friday, and going in hard tomorrow.

>>20510437
KO

>>20510604
It did. If I were a gambling man, buy pre-market, sell 2 minutes before market open.

Ride the wave.

Should I just sell DFFN?

Hey there, faggots! /pol/tard here. I want to invest in derivatives, I heard the returns can be pretty gud. How do I begin?

>>20510715
Yes, defense stocks are fucked.

50% Spy
50% cash for dips (TQQQ, SPYXL)

My advice.

>>20510715
do you have any idea about the stocks you buy or just randomly pick whatever people talk about here? you seem helpless, like a baby.

>>20510715
>>20510770
did anon mean the bioshit dffn or the defense etf dfen?

>>20510753
You chose the worst possible week to invest.
Minimum is 1k.
This week is red
The last week was a crab

>>20510791
bioshit

>>20510604
Moderna CEO, CFO and half of its board sold their stock within 48 hours of it rising last week.

If the vaccine was worth dick, they would obviously hold for it to moon.

Moderna is simply going up because retards cant google or read before buying. It will crash hard without notice. You been warned

>>20510571
I sold all of mine right at market close on Friday. Figured it was gonna dump first thing Monday morning. Planning to buy back in ASAP.

>>20510795
Why? How can you know how the week will be? Are you some kind of wizard? Can you please teach me?

>>20510791
Defense etf's/stocks.

AZN like I said will pump in the morning and sell off from those who held for a long time. My guess, will happen near market open.

I’m not making any plays on anything coming out with earnings this week but I’ll take cheapies If something good takes a big hit.

>>20510846
Its earnings week with companies that are fucked. It will be a biblical red week unless we get news on a stimulus

>>20510791
I meant biopharma
>>20510781
Started last week lmao

>>20510885
So? Google DFFN and check for yourself. they're probably getting approval to run 1/2 trials on their covid19 therapy candidate. probably soon.

>>20510437
hello fellow UAVS holder
$4 PM easy

>>20510878
>It will be a biblical red week
Priced in, anon. This is about whether stuff did better or worse than the low expectations. If you went hard short last week you're going to be disappointed.

>>20510885
>I meant biopharma
Did you fomo or are you already in profit? If you fomoed, run away. If you have some profit buffer to play with, put stop loss at 1.12.

>>20510811
i looked at the selling and it was automatic. probably built into the contract so that doesn't immediately mean it's shit but maybe a sign

>>20510906
Fair enough
>>20510948
I'm in profit. What's stop loss? Is it something that automatically sells your shares if go beyond a certain amount of loss?

>>20510991
>Is it something that automatically sells your shares if go beyond a certain amount of loss?
A sell stop order automatically sells your shares at the bid price if the market price trades below the price you set for your stop.
https://www.investopedia.com/terms/s/stop-lossorder.asp

>>20510991
Holy shit, man. Stop loss is one way. You should look into a % trailing stop. I've made more money that way on a rebound

>>20510261
the killer used a fed ex uniform...holy shit thats genius. just open your door and easy disguise

>>20510433
dont mean to burst ur bubble but im pretty sure i read this in a seekingalpha story. i believe this prompted the boost friday. these were not results of oxford study

>>20511046
Thanks dude. You think 10% is solid for DFFN?

>>20510846
Most of everything you need is in the OP.
Just read up on investopedia and you’ll know more than a majority of people who visit this board.
Avoid options trading.
Avoid margin trading.
Avoid using leverage.
All three will lead to you owing money if you somehow fuck up your positions.
Pic related is the magic of options.

>>20510878
short those airlines then yea?

>>20510846
You can use any broker.
Popular ones now include robinhood as a name you’ll see often.
Webull, TD Ameritrade, etc. take your pick. Any questions, ask around.
If anything, I wish I knew more about crypto before getting invested into it since there are ways to leave no trail to your gains... which is not the case with the stock market.
Pay your taxes or get fucked. RH makes it pitifully easy to link your account in tax season.

>>20510855
like what anon, what are cheapies that are sure to rebound?

>>20511137
Looking at the image again, I realize I just dodged a bullet.

>>20511148
I expect that will be a mistake. Airlines are currently trading at cautious assumption most of them will survive, with risk of bankruptcy keeping the line low. They'll dump if they declare bankruptcy but I don't think they're going to move much to the downside on the fully anticipated shit earnings. I'm not saying go long right now but I don't think short is a good idea either.

>>20511137
Buying options contracts won't lose you more money than you put in to be fair, they are just extremely liquid. All of the following are excellent tools if you know what you are doing, same goes with debt. Most just don't know what they are doing or abuse it.

>>20511185
im gonna poop on your face

what do you do when the market isnt open

thats the real question

>>20510811
based
they don't deserve your help

>>20511064
This is why UPS uniforms are actually a matter of national security and when you quit you can't keep it.

Mailmen and UPS often don't get a second glance. Could steal a lot of packages, and yes, shit like this.

Anyone know how to work excel ?

Thoughts on MVIS buyout?

>>20511298
Don't buy it on buyout news, buy it because that tech is going to be worth something.

>these threads
>talking about collectables
>not going hard on rare Pokemon and Yugioh items

ngmi

>>20511294

>>20511286
None of your concern. Go back to licking windows.

Hi again guys, not to overspam you all with /g/esque stuff but some folks were interested in an update on the Robinhood Accelerometer project as it developed so I've got a little changelog and vid for you all:
-the update process is fully automated and on a timer
-figured I'd take advantage of Angular's modularity by storing a history of second differences and populating the graph sideways as they're computed, this could potentially be used for third differences if I was on crack
-added parameter info to the top of the table view, so now I can see how that table is requesting data, how often it does so, and how long before it does so again - also an optional name, for readability
-I've further taken advantage of Angular by modularizing the table view itself, now a parent component can load an arbitrary number of RH views with different parameters. The video displays 4 views (non-relative 1 hour lookback on 1 minute check frequency, non-relative 4 hour lookback on 10 minute check frequency, and then 2 repeats of those with relative percentages) and as an added bonus they're performantly wrapped in virtual scroll viewports, which I am smug about.
-threw in some Material; bitches love Material

Probably the most I'll do for it until I have some better idea as to whether or not it'll produce good signals. Pretty stoked for testing!

>>20510526
>>20510573

It's not a PnD, it's a real fucking company with lots of products.

it's being bid up too high on speculation, but they're not fucking moderna that has nothing and is both pumped and dumped by their own CEO

>>20511185
How to dodge crypto fuckery? I heard you can take out crypto loans and it's easy that way.

>>20511310
Ya I think the HoloLens are a meme but their laser projection looks promising, as well as their LIDAR

>>20511316
>>>/vp/

>>20511319
sh-shut up it's tricky

>>20511332
Is this the tracker from earlier?

>>20511316
Just become a serial killer. Literally everything you own would make you money. Some other crazy person would pay like $50 for your tooth brush

>>20511374
yeah from >>20505741

>>20511294
>>20511370
No, it's not.
What version?

>>20511347
I leave threads before I get an answer, but the thing is, nobody answers.
Just take a collateralized load against your holdings is what some anons say.

>>20511294
Double click the icon.

>>20511347
Loan*
You pay taxes if you sell for a profit. If you lose more than you gain, then that's a different story.

>>20511332
wait what is this?

>>20511386
Nobody tell him about the equations

>>20511390
Yeah that's the same thing I've heard. Nothing more than use crypto loan services. There has to be an alternative for fiat to BTC and vice versa somewhere. Also if you use the crypto to pay for the loan you never cashed out or sold right?

>>20511411
see
>>20511384
I'm making an app that takes Robintrack.net change data of Robinhood user activity, and evaluates second differences on it to get the rate of acceleration of Robinhood user interest in stocks, in the hopes that it provides stronger buy signals ahead of retail pump-n-dumps.

>>20511332
Fun!

>>20511431
Technically no, but you are taxed for transactions.

>>20511437
That was fast.
I hope you had fun organizing.

well guess spy dying means that this AZN priced in news is for real. fuck. RIP my savings

>>20511447
You're taxed on swaps from coin to coin I believe, not wallet to wallet.

>>20511467
You know it, it's fast cause it's fun, not to mention if nothing else I'll stick it on my github and talk it up in interviews

>>20511437
fucking sick dude
may you be blessed with gains

if i make money off a stonk and then sell it and then buy a different stonk right away, do i have to pay taxes on it?

it never hit my bank account it just stays in robinhood

>>20511543
You pay taxes if you ever sell for a profit.

>>20511543
that thing doesnt look like a real human. robot? maybe. alien? its possible. stop posting chinks, stop posting anime.

>>20511530
you all know if it turns out to be strong I'll tripfag and post buy signals for you guys

>>20511604
:o)

>>20511569
how do they determine if im taking money from my profit or not?

lets say you put 10,000 in and you are up to 11,000 and you withdraw 500

does that count as profit youre technically down 10500 because thats how much you still have in tehre

I haven't done a covered call analysis this week, I decided to hold some things for a bit and I anticipate a downtrend. Some interesting earnings this week:
IBM
CocaCola
Lockheed
Snapchat
United Air
Texas Instruments
Thermofisher
Tesla
Microsoft
Las Vegas Sands
Twitter
AT&T
Southwest air
Intel
Discover
Sketchers
Verison
American Express

>>20511598
Stfu honkey scum. And tell Jennifer to prepare her pussy for my bbc. You can sit in the corner and watch.

>>20511604
Well damn.
You are based as fuck.

>>20511475
AZN will still pump, but the hype that a vaccine is coming already happened with MRNA's news. 2 vaccines doesn't change anything, just the fact that any is coming is enough.

is this bullish

https://www.indiatvnews.com/news/good-news/coronavirus-vaccine-by-september-oxford-university-trial-on-track-astrazeneca-634907

>>20511652
>>>/pol/

>>20511692
not bullish for humans theyre going to go around forcibly vaccinating people with their tracking device

or whatever it is

>>20511692
>India TV News dot com

>>20511719
>being racist
ngmi

>>20511631
Overall gains. You’re up money even though you withdrew some of it.
You have to report gains if sold for profit.
Even if you don’t specifically state what happened, they’ll wonder what happened to the rest of the money you put in since it doesn’t just go “nowhere”, especially when it is listed in your account (bank) transactions that it went to a broker. If you blend in, you have nothing to worry about. If they start sniffing around, you better hope you didn’t do anything serious.

>>20511734
>being a pajeet
ngmi

>>20510209

Give advice (Not specific stock recommendations) for someone new and wanting to take advantage of the weird market situation

>>20511760
>implying

>>20511745
so if i take out 1 penny of a stock and then i have to report all that gains for the year and pay taxes on it straight away and take more money out of that stock to pay my taxes with

just because i sold 1 penny of profit i sold 1 share and now i have to pay taxes by selling more of that stock because thats where my money is? huh?

that makes no sense

>>20511763
Understand clown world and apply that to the market
The knowledge pre corona will not help you as there will be days where it should be red and Jerome prints it green. There will be days where Jerome takes a break and everything bleeds.

>>20511745
Wrong, you are responsible for realized gains for the calendar year, your broker will provide you with a 1099-B or whatever form applies to your situation. If you made 100k today and lost 110k tomorrow and made no more trades your total would be -10k, which isn't taxable.

>>20511777
You report if you sell for a profit. Chances are you’re going to make more than one transaction, unless you’re another brainlet that goes all in on meme stocks and never sells.

>>20511706
How’s the weather in Tel Aviv? I can smell the bagel from here.

I want to get opinions from /smg/ about LINK. Particularly from someone who invests in the market normally. Do you see it as a wise investment?

>>20511805
i know but what if i sell one share

and im literally eating food with it

do i have to report all my gains for that stock and then pay taxes on it

i am all in on stocks so if i had to do that i would have to sell like hundreds of shares because i wanted mcdonalds that one day ??

>>20511811
>>>/lgbt/
you have to go back

Nikola investors mulling over Tesla. Don’t do it.

If you’re still invested in NKLA, send me your email so I can sign you up for my son’s SPAC. He has a subscription-based lemonade business. But rather than traditional lemonade we are powering the juice with HydroTea Leaves, from these mountains in Guatemala. The leaves make the lemonade taste amazing and you have energy for hours. Actually we have a route mapped out so that you can buy lemonade on our network, subscription based, anywhere you go. We own distribution. We CONTROL the customer. It’s amazing. Come to our IG launching #soon. Leaving your house? Get a Lemonikola. Almost at the office? Get a Lemonikola to power you up before the office. Lose all your $ on NKLA? Don’t worry you still have Lemonikola, and we are doing a raise based off our 2030 forecast. My son may have lost interest by then, but not to worry, he will be stepping down as CEO so he can focus on battling naysayers on Twitter and on plotting share liquidation/exit.

>>20510569
yeah i’m in both as well

>>20511955
8/10

I don’t see futures mooning what’s people on about

>>20511955
id buy a energy tea lemonade

sign me up

>>20511821
Never heard of it.
Which means any normal person would certainly not invest in it either.
Is it worth less than 5 dollars? Then don't do it.

what is this sorcery

i think theyre using meme magic to meme tesla

look at the view count

>>20511830
Your broker does this for you. Just know any gains are taxable at the point of trade and the gains and losses cancel in the same calendar year. Tax is lower if you held for more than a year and dividends are taxed at a lower rate if you held the stock for a few months. Finally, and this is the bug one, you can't deduct losses this year from gains last year.

Gold to 1900 when?

>2 red Mondays in a row
b-b-but I already bought the dip on Friday

>>20512338
After stimulus confirmed and feds print to 5% inflation to prevent stagflation.

>>20511821
Right now? No, it is insanely over priced for what it is right now. In the future? Maybe, but there is nothing to prevent a more competent project from swooping in and replacing it.

>>20512328
>Finally, and this is the bug one, you can't deduct losses this year from gains last year.
kind of a scam desu, I wish the short term gains tax was set to higher brackets. Long term taxes are more reasonable. I fear for the day short sellers are taxes at a higher bracket, though of course there are ways around this with inverse stocks and alternative assets.

>>20512328
look m8 my question is

IS ALL MY GAINS have to be payed

or just the amount that i sold/traded?

for example i could sell 1 share to buy a cheeseburger with

and now do i owe the IRS 5,000$ because i have to put all my gains ????? all because i wanted a cheeseburger now i have to reach into my stocks and give them away when really i just wanted to buy a cheeseburger and keep my stocks in there for years

>>20512231
>random literally who youtube investment shitters

would rather trust retards on here

>>20512410
I'd imagine it's realized gains - ie. only the gains which you made by selling that one share for the cheeseburger.

>>20512410
No, you only owe tax on the gains that you made. Sell 1 share out of 50 you owe on the gains for that 1 (one) share. The cost basis for that share can be determined a couple ways though, see: lifo and fifo

>>20512448
ok then my second question is

what if i didnt buy the cheeseburger and i just left it in my robinhood account

or i switched stocks

I'm thinking of putting some money into BYND and AZN.

BYND has been semi-popular for a year now, has gotten into several restaurant chains temporarily (Mcdonalds, KFC, China) but hasn't shown any moons related to any of those news. It has been steadily increasing now that corona forced us to re-think real meat because of contamination concerns, and I'm wondering if it will use that gained traction to continue after post-corona. If they can make the meat cost less than real meat then I can easily see a huge boost.

AZN is a pharmaceutical company that is working on a vaccine. What separates this from the other hundreds of companies doing the same thing is that AZN has been steadily growing already completely unrelated to corona. Even if it doesn't create a vaccine, I think it will still just keep growing. It's had a few controversies in the past but none of them have severely damaged the stock.

>>20512231
This seems reasonable

>>20512448
its not that difficult add/subtract your gains/losses for the year, if it is positive you pay taxes on that amount, if negative then you don't pay anything. Realistically if you only cashed out $5 to buy a cheeseburger on your $1 gain the taxman would not even care to go after you for that.

>reversal on EURUSD
OH GOD NO
I BOUGHT EVERYTHING ON TOP AGAIN

I’m gonna lose it all aren’t I, fellow TQQQ chads

>>20512463
any stocks you sold for a profit are taxable income. buying new stocks doesn't negate the fact that you made money. you can't just mop your money around the market and expect the government not to notice.

>>20512472
maybe if they had a monopoly on lithium mines and batteries....

>>20512482
do they atleast ask you to pay your taxes before hand or do they just throw you in jail right away??

like wouldnt any sane man just pay taxes once when they say were gonna come arrest you

>>20512349
Stimulus this week?

>>20512463
Switching stocks is the same as trading to cash. Even in the rare cases that stocks are traded for other stocks, property or whatever, Capital gains is owed on the profit in dollars on the stock used for the trade. Crypto to Crypto transactions work this way too.

>>20512463
The taxable event is when you realized the gains by selling the share, so you'd still be in the same situation no matter what you do with the dollars afterward. Be it buying burgers or other stocks.

Keep in mind I'm only familiar with finnish tax law - but I'm pretty sure this is universal.

>>20512502
but i do this all day im literally swapping all day long

i put my money from one stock to another all the time

but i ultimately just want to let it bake in a few stocks which are long term hodls

>>20512507
you pay when you file your taxes. Usually the taxman will send you a letter saying you owe us x because you made y, of which you can challenge(if a mistake on either end) or just pay.

>>20512541
they will send the mail after you have filed for taxes btw, process can take months to years back and forth.

>>20512541
i know but filing taxes seems complicated and i dont know if im gonna figure it out in time

and i dont wanna pay someone to do it for me

so im hoping i would atleast get a warning from somebody

>>20512504
Which they don't, but from a financial standpoint, they probably will consider lithium mining. Add in solar, energy storage, software to sell back excess power at peak pricing, semi trucks and whatever else they might have up their sleeves and you have great potential.

>>20512557
can you please start tripfagging so i can filter your idiocy out of my life?

>>20512557
your broker will send you a form with the total amount of money you made for the year in short/long term positions, you just take that to your tax software/person and it is calculated there.

>>20512526
When you file the 1099 the broker gave you, any profit you made before you settled into your long term position will be treated as gains and you will owe tax on that. If you are in a low tax bracket, it will barely make a dent. If not, you may have to sell some stock to afford the taxes.
Again, people that are seriously into crypto calculate this themselves and plan accordingly. Be glad your broker does the math for you.

>>20512568
I want Elon to become the lithium robber baron like Carnegie and Rockefeller.

I want to stop buying cheap boomer stocks like IBM but i can't
i have no growth stocks at all
FUUUUUUUUUGG

>>20512588
>>20512591
but look dude im all in on stocks

theyre gonna actually force me to sell some of my stocks come tax season even though im not actually getting the money i just want to keep it invested.

i have long term positions but i also do swapping around a lot

and the long term is long term but i only move it around temporarily

so im gonna have to reach into my fucking stack?? thats not cool at all.

>>20512557
how old are you? filing taxes is easy as shit, especially if you have little to no assets. i'm not even sure you should be trading at all if you're literally too afraid to try turbotax or some shit. in fact filing your 1099-B is the easiest part of that process since those sites basically do it all for you.

also, what do you mean you won't figure it out in time? tax day was on Wednesday

>>20512626
So don't and see what happens. People like you are the reason we require brokers and have pattern day trade rules.

brainlets think that KO will get fucked on earnings

WRONG earnings will above expectations. people still drink coke, more at home during gorona

BUY

>>20512626
...yes. if all of your money is in stocks, and that is where your income is, that is where you will get taxed. i don't know what's going through your mind to think you shouldn't have to pay taxes through your primary source of income regardless of how much you actually make.

>Buy stocks on margin
>Write covered calls and puts till Im back in a positive cash balance
>Repeat
>>20512485
Euro/USD is moving around the same 1,12 since forever basically. Bet against the Turkish lira if you want free money

>>20512647
I can see why he was admitted to a mental institution, seems fairly retarded.

>>20512639
well this year i dont owe taxes but next tax season i think im worried about it if i win big

>>20512657
cuz im not actually cashing out the money for myself

im trying to invest and earn money

lets say you have all your money in amazon and you know that amazon is going to drop 500$ next week so you remove it all from amazon for the week and buy back at the bottom

thats just you preventing yourself from losing its not actually gaining you money its just preserving your money

but this swap will make you taxable??? why

>>20512649
take a look a pepsi fren, should be similar results, more debt and slight loss of sales.

>>20512626
Start selling covered calls with higher strike prices and set the money you make to the side. If the call contract gets exercised sell a put. This is best for companies you like, especially if they usually trade in a fairly stable price range.

>>20512665
>Buy stocks on margin
You lost me at margin

>grown man asking "what are taxes"
>shits up the entire thread with his bullshit asking for spoonfeed
i'm sorry but... no

>>20512702
pepsi in general is viewed as the better play but i like to do the opposite of the mainstream

>>20512681
You know Robinhood IS a bank right?
When you sell anything the cash is in your account, YOUR bank account.
I'm starting to think you are merely pretending.

>>20512702
Pepsi is frito lay
Snacking and eating at home are on fire

I don’t know why you’re giving advice if you’re not aware of that.

Lots of positive vaccine news markets will melt up

>>20512702
Honeywell is a good boomer stock.

>>20512681
of course it will, you're liquidating an asset. that's a form of taxable income. if i sell my house and then buy a cheaper house, i still have to report the earnings from the home i sold. the action of buying is completely different from the action of selling. if a certain purchase is considered a valid deductible, then perhaps it could cancel out the initial income tax in theory, but i don't know why you'd even entertain this thought. just pay your damn taxes, idiot.

>>20512731
i always maintain close to zero cash in my robinhood though

its always invested

i just make timed moves to try to preserve my stack or chase a pump

and dont really use it for myself i just reinvest it

so why is someone who just lets his money sit there long term rewarded for not selling even though he should be able to take it out in the proper timing and put it back the next day because you thought something bad was gonna happen that day

so why should he be taxable and have to reach in his stack for doing that???

he just lost for trying to help himself!

>>20512725
I do this all the time.
Works like a charm and you always have a goal. To make the stock you bought literally free.

>>20510885
This is yet another omen. The market is filled with people who have no idea what they are doing. Don’t turn a blind eye, HAVE CASH ON THE SIDE TO BUY THE DIP.

>>20512776
But that whole time you’re paying interest on your margin loans, and if the stock takes a dive you’re fucked.

should i buy LOGI at morning dip earnings is coming AH and they must've made a killing because of all the wbecams people needed for COVID

>>20512767
your own decision making in how you choose to nervously shuffle your money around is not the government's concern. like i said, what you buy and what you sell are two different things. if you make money from a sale and turn it into cash, that's taxable income. it doesn't matter how you feel about it, that's just the way it is.

>>20512745
I know that, I took a look at their earnings report last week and that was my impression of their Q2.

>>20512786
Usually you'd be right and it was the reason I pulled out in February, the only time I ever did a complete fire sale no matter the price. But now the market seems to be controlled and manipulated. I doubt there will be a second drop. Just an endless crab, which is fine with me.

>>20512810
That's why I only do it with 15% margin or so.
And margin interest isn't that high if you have enough money.
It's autistic but I like having some kind of goal to work towards to.

>>20512851

ok i get it

im merely saying this

why isnt it executed fairly

my strategy is punished

lets say i swap all my shares of my stock and now i have to pay the full taxable gains with it

even though my swap yielded me nothing

im punished unfairly because i just wanted to be smart and not keep my money in a stock when it was surely going to go down that day

>>20512885
>even though my swap yielded me nothing
Do you not understand what gains are?

>>20512908
heres ill explain it again for you

lets say im up 10,000$ profit and i have 50,000$ equity in a stock

if i knew that stock was about to crash on tuesday and i sold it all on monday

i now have to pay taxes on that 10,000$ even though i just wanted to put it right back in after the crash and i was just being a smart investor to try to preserve my money

but people who were willing to LOSE and keep all their money invested during a crash dont have to pay for their realized gains because they were stupid

they are rewarded they get to keep their stock and i have to reach into my stack and pay the tax man even though my intention was to stay invested in that stock

>>20512908
I do not think English is his first language m8

mmmmmmmmm diaperchads check in and rid this thread of kpop faggotry

Workhorse is going to be $5 in 2 months.

Jim Cramer did a 180 on this company. PUTS PUTS PUTS.

>>20512949
>>20512953
That is accurate, and yes, swing trading does have tax implications. Don't like the game, don't play it.

>>20512972
AAAAAAAAAAAAAAAAAAAA
FUCK YOU JIMMY

>>20512958
do u go on /lgbt/ if not...there are constant diaper threads

>>20512958
hey janny
Instead of deleting my posts why don't you ban the avatarfag redditor who literally admitted to doing it

FUTURES ARE RED

I REPEAT

FUTURES ARE RED

>>20513022
SQQQ chads where are you

>>20512982
ya but you might not even be a habitual swing trader you might have just done it once

your dad scared you and said OMG THE MARKETS CRASHING SELL IT

and now you have to pay all that tax and reduce your stack all because you accidentally "realized" your gains even though you didnt want to realize anything

you were just afraid

and this swing play could have actually did nothing and the stock crabs yet you still going to have to pay the full realized gains when you sold it

its not fair it rewards stupid people who want to keep money in during a crash

why are futures shitting themselves

>>20512949
...they don't pay for the realized gains because they didn't get any. a realized gain is the profit from the sale of a security, such as a stock. as long as it remains a stock, the government can't tax it. it only becomes taxable income once you sell it. if the stock dropped to a price below what you initially paid for it, that would be a realized loss, which is not taxable.

i don't know what you have against taxes, but if you don't like that you don't get to fly under the radar for making money, you should file for disability because you're clearly lacking something upstairs.

>>20513042
brah whats the point that's how it's always worked go get a job or something

>>20512749
Like which ones

>>20513009
No I don't on fucking /lgbt/. I ain't no queerbo faggot.

>>20513052
you did not even understand my post dude.

IM fucking selling my stack all day every day i go from this stock to this stock

im not keeping it all in one stock and then realizing it 10 years later like some boomer

im flipping shit around all day LOL

what dont you understand about that

but im being punished for that because i automatically have to pay taxes once i do JUST ONE swap

and people who dont look at their broker at all for 10 years dont have to pay taxes on their gains taht whole time

yet me being someone who actually pays attention i have to pay the whole time

they are being rewarded and i am being punished for my difference in strategy

>Futures red
Fucking jews

>>20510878
Capital One is getting fucked on Tuesday.
I want to see some bloodshed.

>>20513091
kek

>>20513093
You're sounding a little entitled, bud. We get what you are saying and are explaining to you how it works. Don't like it? Don't play the game and go back to waging a 9-5.

>>20513093
no, everyone here understands your whining. you're mad about the fact that any kind of sale is equal to income and that the government imposes taxes on said income regardless of what you did with the money afterwards. but your logic is falling apart because you're failing to understand that spending your income, even if it's for the same fucking thing at the same price, does not exempt you from income taxes.

write your congressman or start a useless petition if this bothers you so much. otherwise, get the fuck over it or find another career.

>>20513093
I wish you would get hit by a bus or something

How much startup capital do you need for stonks?
I'm a poorfag but this sounds like fun and I need a hobby.

>>20511332
You have a lot of energy, anon.
Serious respect.
>>20511437
Great work, dude

>>20510878
Literally every day of the week will be vaccine news that later has to be pulled back the week after.
MRNA will pump and dump TWICE this week because some of their board members still have shares.

>>20513160
its like if you sold your house and then you both agreed you want to cancel the trade after you already got payed

and then you lose like 30k to the government even though nothing effectively happened

dont you think thats unfair? i think it is

>>20513174
With zero commission brokers and fractional shares you can meme with 50 bucks already

Actual portfolio idk 2 to 5k

>>20513174
5k for a non-meme account

>>20513174
Depends on your broker. I started with $200 cause I wanted to have some idea of what I was doing before I yolo all my money at something and lose it all

>>20512557
>i know but filing taxes seems complicated and i dont know if im gonna figure it out in time
>and i dont wanna pay someone to do it for me
>so im hoping i would atleast get a warning from somebody
I can sympathize, anon.
I filed for this year and just did it over lunch on the day before it was due, but I never filed for 2018...
I just got a letter within the past month or so from the IRS with a bunch of big gov noises and a request to file for 2018.

>>20512972
How could he ever recommend a pnd like this
Jesus christ

So are companies who have made a consistent gainz on a daily, weekly, monthly, yearly basis like Coke just free tendies?

>>20513174
probably $5k-ish, but $1k would be the absolute minimum to make any kind of difference. you should consider paper trading first to see if it clicks for you.

>>20513190
you've clearly never sold a house before lol. please get some life experience before ruining your financial future with this stuff. you're clearly not on board with it.

323 resistance is literally impossible to break. I'm starting to think stimulus will actually crash the market like in 2008 where people just give up. That is unless the fed just starts buying stocks straight up. If earnings are really really bad I think we go back down to 300, if not a 2nd crash if corona gets worse.

>>20513253
im just using your very own logic

if you sold a house and then the guy gave it back to you and then you had to pay him back

apparently you would owe taxes because that income merely touched your bank account and you realized the gains

lets say your house went up 100k value since you bought it

this mistake would cost you like idk 15k? taxes

>>20512467
>but hasn't shown any moons related to any of those news
Nigger, it's a food company with shit margins, stiff competition (MFI's vegfag products rape BYND), with a PE of 600!

>>20513275
please kill yourself or stop posting here

>>20513283
BYND is the TSLA of the food industry as far as the market is concerned.

>>20510960
i recall reading that automated share sales are one of the neat ways of getting around insider trading regulations.

you set a fixed sell date in the contract, then release news/earnings/whatever around that time and allow the owner of the shares to cancel selling at his discretion. if he cancels (because he expects share price to go up) then no trade took place and its not insider trading; if he allows it to sell then it still doesn't count as insider trading because he hasn't officially made an intervening choice to sell them.

>>20513299
what dude?

im making great logical arguments and youre just saying kill yourself like a npc

think about you dude

youre not talking to anyone about anything

you just got off work and now youre steaming mad

>>20513275
yes it would, and the lesson is to not make frivolous decisions with your money. be careful with your trades, but also be prepared to accept when you've made a mistake and deal with the consequences. one last time: if you don't feel you're responsible enough to handle the risks involved with trading, you are not emotionally qualified to be a day trader.

Anyone know when USPS is going to select a contract? I need to know when to start buying some calls.

>>20511332
Is there a github for this? I wanna follow your progress anon!

>>20513323
i might not even be a day trader 2 months from now

i might decide to not touch it down the road

but MERELY doing a single swap at some point in this tax year

would cost me soooo much out of my stack that im going to have to pay

nobody is really telling you this

>not make frivolous decisions with your money. be careful with your trades

sure you could say be careful and defend yourself from the rules in place

it doesnt mean the rules are right because that guy shouldnt pay taxes who sold his home on accident

like the example i just told you

thats not fair thats all im saying

and now youre saying "well dont do stupid stuff"

its not stupid he should be allowed to do that

the irs is stupid

>>20510328
JNUG and gold. The dollar is going the way of the dodo.

>>20513348
anything else you wanna get off your chest or are you done venting?

>>20513316
please kill yourself or stop posting here

>>20513364
ya i have one more question

lets say you gained 1000$ profit on a stock

and you got that cheeseburger with some of the profit

but later on you gained 50,000$ profit from that same stock

are they going to tax you on the gains you got AFTER you realized your gains during a given tax year?

even though you stopped realizing since that cheeseburger purchase

>>20510273
Yes if you buy Coca-Cola®
It's so cool and refreshing, you can really Taste the Feeling ©

they have one hour to pull this shit back up

if not then we're going to hell today

>>20513395
buy SQQQ

>>20513360
JNUG is a pile of garbage, and this coming from someone accumulating gold and gold related assets.
Futures contracts, gold miner stocks, gold royalty stocks, and gold itself are the only plays. ETF expense ratios are like a permanent downside risk that undermine its role as a hedge play. Leveraged commodity ETFs are always garbage.

>>20513382
no, because again, a realized gain comes from the liquidation of a stock, and taxable income only applies to that type of liquidation. you'll never be taxed on that profit until you liquidate it for spending purposes.

>>20513407
I'm already FULL DEPO in stonks

>>20513239
Yes, see dividends
Revenue is a bit down the last years so the stonk is down a bit. But a huge company like KO won’t see massive growth anymore which is ok. It’s basically a div cash cow

>>20512681
>if i win big
Don't worry, you won't.

>>20513388
based

>>20513413
so just dont swap

because every time i swap i pay taxes on whatever i gained before that time

i wish someone told me that

thats pretty important thing which nobody really tells you

i was under the impression that i was only gonna get taxed once i withdraw from robinhood

>>20512467
While an increasing number of restaurant chains are adding it to the menu, I just gotta say that beyond meat burgers both smell and taste awful. In the beginning, there wasn't that much competition in the veggie meat area, but that's vastly changed over the years. More companies are coming out with better alternatives than beyond meats. If you're looking to invest into some sort of veggie meat that actually tastes good and is pretty similar to meat, check out LightLife. Its owned by Maple Leaf Foods. Their burgers, sausage and bacon are vastly superior in every fucking way compared to beyond meat. Beyond meat would have to change their recipe to something actually edible before I'd put any money into it.
>t. actual vegetarian

>>20513275
correct. Any transaction is liable to taxation.

>>20513476
>i was under the impression that i was only gonna get taxed once i withdraw from robinhood
this works in tax sheltered accounts

Holding tomorrow. Stimulus will be enacted again if the arrow is too red. This administration will not let the market take another deep dive.

>>20513409
>JNUG is a pile of garbage
How? It's up 60% this month

>>20513476
don't swap if you don't want to get taxed (unless it's a realized loss, in which case there won't be any taxes).

>>20513569
my whole life is realized losses dude

i blew like 4 grand on sports betting this week

>>20513409
Strictly gold only? Do you hold anything silver related?

>Futures pumping
Feels good to time today's bottom perfectly this day.

>>20510232
Based

>>20513307
Unlike Tesla it has neither a first-mover advantage nor technical advantage over its competition. Further, unlike Tesla, it simply can't grow enough to justify its CURRENT valuation. Its market cap is fucking 50% of Tyson! And like I said, its already getting its shit pushed in my traditional food corps, the rape train would only accelerate if fake meat gains market share

>>20513584
you may have a gambling problem. your aversion to taxation makes more sense now.
i'm sorry you keep losing but only you can stop the cycle you've put yourself in. get a real job, develop some steady income and savings, and don't invest or trade again until you're competent enough to manage the risks.

WELLLLLLL It sounds like the EU leaders spent an ENTIRE WEEKEND bickering over their 750 billion euro recovery fund. And they've reached a stalemate.

That's right, the money that the market is expecting to be used to help a huge segment of the global economy is being held up by European bickering.
So if you want to know why the market is going to be shaky today, that's a big reason. OH AND LETS SEE IF MCCONNELL FUCKS UP THE US RELIEF SPENDING TOO BECAUSE HE LOVES THAT SHIT.

But it matters much less than this upcoming Lancet AZN article. No idea when the fuck that's happening, I want to be awake for it but I don't know.

>>20512863
>That's why I only do it with 15% margin or so.
>And margin interest isn't that high if you have enough money.
>It's autistic but I like having some kind of goal to work towards to.

So what's the difference between doing it with 15% margin or 0% margin? You're still working towards free stock.

>>20513614
im just asking questions so i can learn about taxes because ive never had a real job and so next year might be my first time paying taxes if im lucky

so i was just asking and learning about it

> and don't invest or trade again until you're competent enough to manage the risks.

its not about competency its about being depressed

its like if you just hate your life so much you put your life savings on red

ive done that several times in my life

>>20513330
They have 90 days after July 14th to decide.

>>20513639
i hate to tell you this, but you're not gonna hit it big with gambling and stocks. it doesn't happen for anyone, especially if that's your primary motivation. you need some actual worth in your life.

>>20513539
Zoom out. Gold as a volatile asset has large swings even when in a gold bull market that completely annihilates the leveraging gains.
Leveraged commodity ETFs share a very similar problem to buying puts/calls around earnings. They will be traded based on the futures price but move on the long term based on the spot price which means you are always playing a losing game with a perpetual IV crush. This on top of the expense ratios.
JNUG works for short term holds but you need to dump it if gold sees even a slight correction by 10%
Trade the contracts yourself directly.

>>20513610
The same forces that overvalue BYND, overvalue TSLA.
BYND was the first pure "meat alternative" play on the market. Everything else was already part of a larger food distributor or producer holdings. It absolutely makes no sense but technophilia allows for brand loyalty to become brand religion.

>VIX down by almost 60% in the last 15 minutes
Futures gonna moon to 1% by open.

>>20513659
and wagecucking aint it

that shit is the most degrading thing there is

if the only alternative is wage cuckery then how are you winning

stocks/gambling is always interesting to me because its not about waging

>>20513654
Buy some cheap horsies while you can. It’ll go up enough before the announcement anyways to get some good percentages based off the hype. It is currently forgotten and won’t pump soon. But take advantage of the expectation.

>>20512972
Wait, what did he say about it and when?

KLANG KLANG KLANG KLANG KLANG

premarket has opened. Moderna up 4%. nothing else exciting yet.
https://www.marketwatch.com/tools/screener/premarket

>>20513695
I've been in Horse since sub $5, you better believe I'm already holding a shitton.

Vix still hasn't broken 30, everything is still fine, depending on that AZN data in the lancet.

>SMIC
feel like I dodged a real bullet here. I don't remember what convinced me to sell out completely rather than hold half of my position, but damn... good call.

>>20513489
Thanks for the tips, veganon. When did you try Beyond Meat, though? I've watched some reviews on YouTube and people nowadays generally say it tastes reasonable. Maybe it's improved since you've tried it?

>>20511543
>>20511598
>>20511631
>>20511777
>>20511830
>>20512410
>>20512463
>>20512507
>>20512557
>>20512767
>>20512885
>>20512949
>>20513042
>>20513093
>>20513190
>>20513275
>>20513316
>>20513348
Based gook poster got grounded fron playing fortnite so now he's trying out day trading.
Just don't file your taxes, ever brah. And when the IRS is interviewing you to join your fan club tell that IRS agent exactly what you said here, that after you read the rules you decided they were unfair so you didn't file your taxes.
It's the fucking secret to getting rich in America.

>>20513614
What sports are even available to bet on right now??

>MRNA gapped up
>AZN gapped down
What did I miss?

>>20513761

i was asking questions about it out of genuine curiosity of how it works

ive never made enough money to file taxes and hopefully next year i will because i hopefully win enough money

but everyone saying i gonna lose so maybe i will crash and burn

who knows

>>20513660
Interesting feedback but I think the profit speaks for itself.

>>20513790
Honestly this market is retarded enough that maybe you will make it. I believe in you.

>>20513788
The core concept of a pump and dump apparently

>>20513790
I really hope that you are not older than 25...

>>20513729
Meet me in the new thread fren. I’ll have a nice video for your morning

>>20513790
Are you a NEET or homeless? How much money do you make annually. Seriously I'm a retarded broke 19yr old zoomer and even I make enough to report to the IRS. Unless of course your agree with fact that taxation is theft in minecraft

>>20513813
I got into AZN early so I'm still up unless it dumps below $55. I probably should have sold and bought cheapies premarket.

>>20513819
26 actually

>>20513826
taxation is theft but u gotta do it to avoid going to jail in the current paradigm

i dont make any money im a neet

im losing money every day ordering amazon fresh

NKLA DOWN 11% AHAHAHAHHAHAHAH

Investing will not make you rich, neither will trading
Your work and career might.
But you can get some returns on the money you earned by investing it.

NEW

>>20513868
>>20513868
>>20513868
>>20513868

>>20513855
So glad I bought this when the IPO happened and sold like a week later for double the cost.

>>20513813
that is a really fucking sexy bat, would get covid for remy

>>20513729
thank you based clangster
did you end up getting your nap?
I forgot to eat dinner and it's wayyyy past my bedtime.

>>20513902
>did you end up getting your nap?
no i'm going to try to get sleep schedule back to something approaching normal before work brings me back in sometime August.

>>20513919
wait... I thought you left that shit because it was too stressful and clients were a bitch

Well that's good, working means more money for more stocks!

>>20513955
Oh, no that was my old old graphic design job that I quit. I have different job now but they closed down and I went on leaf corona dole until reopen.

>>20513988
ohhhh I thought you were tryna make it on the TA trading alone. But that makes sense. OK well I hope the TrudeauBucks are permanent and work closes forever~

>>20514031
no no trading is supplementary income only. not full time job. yet.

WHERE THE FUCK IS /ptg/ ????

>>20511734
>Current year
>Not being racist
LMAO

>>20513180
Lots to be said for when the autism focus kicks in

>>20513340
I'll definitely have it up on github soon enough, I've got potential employers to show off to

>>20514309
Hell yeah. Godspeed anon!

>>20513758
I first tried beyond meat last year, so either June or July 2019. I last had it 2 weeks ago. I went to a BBQ and a friend of mine wanted to test if I could tell the difference between beyond meat and lightlife. I preferred the lightlife hands down. I'm not a fan of beyond meat, but I wouldn't turn it down if I was offered it. It's just there are so many other options I would choose before picking beyond meat. Everyone's taste is different, so I'd say if you were gonna invest in something solely for the food, give it a try yourself and see what you think of the taste. I have one friend that loves beyond meat and 2 friends that love lightlife, but that's a small sample size. Not to mention the stock price itself is super high. I'd say your better off doing your own DD and try and find the next company that'll reach a similar valuation as beyond meat is currently. My bet is on Maple Leaf.

New here and to trading
After reading the contents of the general im still not sure what brokerage I should use

some of my friends use robinhood and recommended it to me
but I’m distrust of it due to the sheer amount of ads I’ve gotten for em

>>20514611
Depends where you are and what you're looking to do.

I got spammed with fuckloads of ads for Trading212, but it actually turned out to be good