/biz/ - Business & Finance

First for a great day at the track

first for
HOOD
just got technical indicator alerts!
imagine using another brokerage and thus being a nigger

you know what would be funny if spy opens at 414 monday morning

I just copy what my mom does

>>54949259
bullshit you do because i ain't fuckin
(You)

>>54949231
>People on the Left Coast can’t handle the Beast Coast
You in the east coast are anti American the way you vote for politicians to take away your rights. At least us west coast Chad's vote politcans with true America values

>Its already Friday
>only 2 more years until I hit 30

>>54948326
>Jew financial advice
>woman financial advice
Cancels out. I'd say the safe figure is for complete null and ignore, but honestly the W weighting is heavier in my book so I'd call this an inverse indicator.

What the fuck is the point of an audiobook. Trying to listen to The heart of darkness but speaking so fast you can't even appreciate the visuals being described.

Diaper time

>>54949245
Why aren't you posting on >>>/sp/motor/sp/ort

>>54949272
Senator Diane Feinstein represents true American values?

Can someone help a retard out? I'm looking at afterhours stocks but it's showing the same price at around 4pm, same issuer on my brokerage. Is it bugged?

The enteral crab. We will crab until option degeneracy ends.

>>54949309
Because this is weekend /smg/

>>54949288
Think faster.

>>54949322
You have to download RobinHoods

>>54949341
Yeah, but like, would the price really not move for the other 4 hours like that?

>>54949354
HOOD shows a straight line during any active trading time (market/extended hours) if there's no movement.

>>54949314
No but my dubs do

>>54949377
chhhh
eck
ed

>>54949377

>>54947663
I wouldn't bother to find out the truth of anything political. There's so much obfuscation, bad faith, misdirection, misinformation, withholding information, gaslighting, cherry picking, outright lies and deceit, and scams. And even in situations where something is on camera, for you to see with your very eyes there are opposing interpretations depending on political affiliation. Mass politics is a mistake. It turns every person involved in politics into a conniving shit.

>>54949375
That's so fucking weird, so the stock literally didn't move in price for those four hours?

>>54949288
Most audio book players have buttons to play at like .9, .8. .7, .5 speed. I'm learning another language and have to listen at a slower speed.

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

>aint got no job
>aint got no smoke
>aint got a car
>his lifes a joke
>living on the skids
>thinks the worlds just fine

Whats your 2020s depression clown economy song SMG?

>>54949409
Makes the audio quality shit.

What’s the most milady stock or etf?

>>54949414
spent a long time listening to this on loop like a faggot

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

>>54949424
.8 isn't so bad.

>>54949414
>>54949432
Mine
https://www.youtube.com/watch?v=DUmG1SlR8fs

How do you cope with big losses? I've lost so much.

>>54949471
what % have you lost anon

So what could happen hypothetically if the USA does NOT raise the debt ceiling this time and we default on the debt instead of kicking the can again?

Will we seriously plunge into the next great depression or something even worse? All of this shit from bank runs to even reparations in California all feels too much like a coincidence.

>>54949414
>You fought hard and you saved and earned
But all of it's going to burn

>>54949526
Manhattan resident here: a bag of popcorn at CVS (or Walgreens, I forget which one) costs $9.
I'll post pics later when I get back from the gym.

>>54949553
Kino song, 10/10.

>>54949526
There's lots of pension funds that will have to dump all of their treasuries simultaneously because they legally can no longer own them and bond yields would skyrocket which would crater the stock market. It would make the covid dip look like a sneeze.

>>54949526
We would actually break the covid low if that were to happen.

>>54949581
I can see that being inevitable kek

>>54949526
instant stock dump from the fear alone
and it would all but guarentee the creation of the BRICS currency and a surge of others, the euro would sky rocket as would the yen

i have 20k leaf dollars in a penny stock and i think im in danger but i cant sell

I can't believe I only cashed in 84k of capital gains this year. Somehow I thought I had more than that. My Vanguard account must be delivering me mystery money somehow.

>>54949665
must be dividends and distributions not being summed.

>>54949249
$HOOD is unironically a buy, the gme fiasco will be forgotten, there will always be a new generation looking to invest and speculation will never end

>>54949526
> So what could happen hypothetically if the USA does NOT raise the debt ceiling this time and we default on the debt instead of kicking the can again?
Without a hint of hyperbole, the end of the American empire.

What will happen if Bank of Japan abandons YCC?

>>54949723
just wait till them
EARNINGS REPORTS
after
TWENNY FOE HR FIE DAYS WK CASINO GAMBLING
of "select stocks/ETFS"
is enabled soon.

>>54949198
why? Im going all in

who wouldnt rope after losing like 10 years of hard work

This video is definitely stock market related
https://youtu.be/7DzDicQyxB0

Let's see Paul Allen's balance sheet.

first time futures trading. should i do micro es, rut, or daq? Mainly swing trading

>>54949746
Is it going to actually be 24/7 or are things only going to settle during normal market hours?

>>54949723
I've been considering longing HOOD lately for that reason
They're the goto for young investors, quicker to adopt new services than dinosaur brokers, and a comfy interface. Another year like 2022 or worse could wipe them out before they mature though.

>>54949804
24/5

>>54949808
I worry about them getting "wiped out" too but their investment strategist Stephanie Guild knows her fuckin' shit so I take a degree of comfort in that.

>>54949414
I've been tryng to find a version of St. James Infirmary I like for the last 30 minutes that really swings home the funeral of a sinner vibe and I'm almost sure I have to make my own cover.
>inb4 Cab
Look his band is great and he gets the all-night-drunk swing right sometimes but holy fuck he's way too vocally indulgent on every recording I found and makes the song sound too much like Cartoon Network schtick.
https://www.youtube.com/watch?v=fEyEcHX8WLo

>>54949337
>shazbowl was over a decade ago
Holy shit.

What's your take on S&P500 faggots?

>>54949871
it's for queers
natgas is all that matters

>>54949868
Never forgetti.

>>54949871
The most manipulated fund of all time. There are literally 2 stocks dictating all of the movements. Has special rules that nothing else has. The largest derivative market. Everyone and their brother is thinks they solved it. I wish it didn't exist. There is no price discovery anywhere because of it.

>>54949526
All out war.

America does not need to play nice guy with a wrecked economy running on commandeered resources and labour ala russia. Once the magic paper and "property rights" gig is up, america makes soviet russia look like a joke.
>YOU WANT FOOD?
>YOU WORK
>YOU WANT CHOICE?
>THEN NO FOOD, IN PRISON

>>54949393
You can crosscheck with MarketWatch, which'll actually have pre-market/after-hours volume as well. Looks like probably one dude bought $21k worth of shares and that's been it all evening.

>>54949249
How quickly we seem to forget what they did to the GME apes. The apes haven't forgotten.

>>54949432
Well SHE hasn't been delisted yet. That's pretty much an overpriced, illiquid, simp version of SPY.

I hate women so much it's unreal

>>54949414
He has no style
He has no grace
This Kong has a funny face

>>54950000
Checked, love from Kazakhstan.

>>54949526
A brutal market plunge. Likely also a bank holiday/market closure, then a crisis throughout the entire treasury and credit complex.

Powell would either step in or, worse, not step in; either way he'd be in political hot water and forced to resign, handing his Chairmanship to someone else.

>>54949471
Accept that the money is gone and most importantly, get it back safely. Do not gamble by dropping in even more funds to get the lost money back.

>>54949639
Sell only a couple k at a time. That's both better for liquidity and your FOMO peace of mind.

>>54949738
Massive Jap capital repatriation. Treasury yields through the roof. USDJPY would plunge. Tons of derivative capital wiped out. Tons of other capital amassed by the luckiest widowmaker traders in history.

>>54949995
>what they did to the GME apes
GOOD
isn't it interesting that anyone who brings this up doesn't include that IBKR and chink ass WeBull also halted trading on GME that time, and Schwab, TDA, and E*TRADE restricted trades.

why is every Website asking for my cookies today?

>>54949471
Scotch helps

I made a terrible non-financial decision and bought gas station beer. Tastes like dirty sink water. Hope it gets me a lil smashed at least while I play some vidya.

>>54950086
>gas station beer
They brew their own? That's really cool, which station was it?

>>54950054
I have no financial interest in HOOD either way. Merely pointing out the obvious fact that their reputation is permanently tarnished for a big swath of the trading population. I wasn't even involved, and I would be hesitant to use them they paid me.

>>54950112
Gas station brewed beer might be even worse than what Im drinking. Im talking about the tall, aluminum can beers they sell for a markup but are meant to get you fucked up. Hurricanes, four loco, steel reserve. Would rather have a nice IPA in a bottle but didnt want to drive far. Instead I got a something called a Mickeys and if Im still not drunk enough I got some juice flavored one too.

>>54950120
that doesn't make any difference whatsoever
in the fact that it sure is interesting
that they constantly take heat over that
when so many other brokerages did the same or similar.

>>54950033
They say that Ueda will abolish YCC by the end of the year. In September the BRICS launches its new currency and the US will be in a possible recession. It looks like a perfect storm is approaching

>>54950135
Aaaaa sad joose. I ought to get a little TAP so you can pump my bags.

>>54950142
It really isn't that big (if true), given that the majority of apes were HOOD users. No amount recrimination is going change the optics at this point, anyway.

>>54949738
Gone would be the days of UOOOHH flat yield curve erotic

>>54950173
>by the end of the year
Ueda said he'd do a year to a year-and-a-half long review of maybe adjusting it, I thought?

>>54950054
Agreed but Robinhood is barely a functional brokerage.
Cons:
>no market orders, which would be fine if the fucking options chain didn't force you to buy at .05 increments when purchasing below 3.
>infamous for massive amounts of slippage when purchasing or selling because of the previous point.
>no OTC stocks, your puts are completely fucked of company gets delisted
>you can't place short positions
>you need Gold subscription to see its active bid/ask price
>its crypto is an afterthought, not sure why they bothered
>customer service is literally bots and braindead Pajeets, like some of the dumbest motherfuckers I've ever conversed with.
Pros:
>free options
>4.5 APR with Gold makes sub worth it
>it looks sleek, best application I've ever seen or used for both browser and mobile
>really good alert lists, everything functions, no glitches
>literally has the best options order interface in the market, hands down. You cannot fuck up placing options with how much hand holding the website does for you.
Also:
>was previously banned for Asa posting
Fuck you mods, you cannot stop me from posting Asa.

>>54950181
pretty sure that was a bunch of redditors. no one should expect anything heterosexual out of them. it is best that they are on the chink platform.

>>54949526
It's bullish because it will do the feds job for them of temporarily stopping consumption. When it blows over the fed can cut rates which will pump the market back to all time high

>>54950232
We both know it's not going to happen. They'll capitulate, they always do.

>>54950211
Yeah, a sudden move by the BoJ could cause a global crisis and piss off their masters

>>54949799
Swing trade VIX contracts. Much easier

>>54950216
>4.5 APR
That's 4.65 APR!
There are certainly some issues but to me the pros outweigh them. I use certain little details a lot, like live quotes in browser tabs (so I can keep a constant eye on each ticker while being active in other tabs), and the mini curve charts in lists. I like the simple line graphs a lot, and that they are seamless with extended hours. I sleep with a BOIL tab open all night so whenever I roll over or get up to pee I can see any price movements (starting at 4am) and when I first wake up in premarkets it's right there still flowing in real time. There's so many such details I wouldn't bother writing out even a handful, but yes, there are certainly flaws all in the mix. I especially hate that if you use the website to trade and it's been a while, right when you hit the button to send the order, it requires you to fuckin phone auth. SO, I do most, by far, of my monitoring on laptop, but ALL of my actual trades via phone.

Alright bros I lost a lot of money on FRC stock. How can I make it back?

>>54950286
Short PACW

>>54950216
>robinhood gold
>options strat subscription
literally the best wage slave 5 minute pee break twice an hour trading setup.

>>54950251
The birth rate has recovered. The day of the glorious samurai will rise once again.

Robinhood needs bracket orders at a minimum before it can be taken seriously

>>54950316
>having other things to do besides watch your trades at all times
NGMI
G
M
I

Holy shit what a week I want to die
I went out for dinner and had four beers, now I'm drunk because I'm a pussy with no tolerance anymore
All of my stocks are crabbing and it's making me angry

>>54949977
Not gonna lie, to a certain extent I would enjoy this because you would see so many of these limousine liberals get their heads kicked in
>h-h-hey you can't make me work construction, I'm a trans woman
>Government: yeah that was all an act pick up a shovel or take a bullet
>I'm being oppressed REEEEEEEEE

>>54949330
Who's your Indy 500 pick so far? Last year, I told Rocker to bet on Son of Eric, and he won like $190

>>54950286
$AQB

>>54950395

So if small caps keep shidding and farding how long before I can just pick up the entire Russell 2000 for a quarter? It is definitely headed that way. I will be the CEO of over 2000 companies simultaneously. Just imagine the sexual harassment lawsuits from that many secretaries at the same time. I'll be swimming in jurisprudence

>>54950362
>4 beers
>with food
>drunk
Kek, oh poem anon, you shouldn't be down on yourself over that. Congrats you're not an alcoholic. You should take pride in that not beat yourself up over it. Also I won $900 on the slots last night so I have some loose change to gamble with, so who is your pick for Indy?

>>54950271
>pay $5 a month
>to get what you would get from fidelity spaxx
>but its free
Lol

>>54950398
kek

>>54950405
I won't have a a good informed opinion until they start practicing next week... I don't remember when exactly I gave you the pick last year, but I think it after qualifying (next weekend).
If you want to see my raw thoughts, I post a lot in >>>/sp/motor/sp/ort You can probably find me in there since you're so good at identifying my posts based only on the level of misery (I'm not one of the leafs)

>>54950286
The slow and smart way is trading safe stocks
The fast and gamblers way is to place puts/shorts against regional banks, PACW, ZION and WAL are good candidates.

>>54950286
three words anon: rice and beans

>>54950406
>to get what you would get from fidelity spaxx
WRONG
mine is at all times on the ready for a trigger pull on a trade, no hesitation. perfect for making daily accrued, monthly paid out 4.65% for all the time it's there in between day/swing trades. seamless.
MAJOR difference.

>>54949526
>$29 for a sandwich
That's inflation at its finest. Sure you'll make $60k working at McDonald's, but you still won't be able to afford anything. Same thing would happen but worse if the reparations thing actually passed in California, but that's obviously just a carrot on a stick and will never happen. California currently has a $31.5 billion budget deficit and newsom came out and said that they're basically cutting entitlements to make up the difference. So yeah reparations will never happen.

>>54950286
IEP calls

>>54950415
I'm pretty sure you gave me the pick the day before the race, so you have plenty of time.

>>54950437
Fidelity does the same.

>>54950451

How do I debt max in argentine dollars while benefiting from repatriating US dollars at street value.

>>54950310
I'm so Jealous of Japan's racial purity. Of course they used to be jealous of us (1940 - 1960). They hardworking whites as a better version of them. But now they're just laughing. They won. A nuclear bomb (2!) can be recovered from. But diversity cannot.

>>54950499
Japan is already blanda up
They kicking out kurds so they can import kenyans instead

>>54950286
how much are we talking here? both actual value and percentage of your total. my advice, long dated puts on SPY with a strike of 400.

>>54950517
Japanese people are very timid and reserved. A bus full of niggers could literally take over their entire country.

>>54950499
god i wish i was japanese

>>54950534
They already landed on the beach and taught girls to twirk in the mud

>>54950451
it does look pretty close but I see it has a 2 day delay/hold when you use it to trade, no?

>>54950494
Buy random plots of land near Vaca Muerta?

>>54950559
Robinhood starts you off with a margin account supposedly. You need margin to daytrade which most brokers make you apply for. Assuming that is cause of the difference being discussed.

>>54950494
do what the CEO of CRESY did and lend yourself US ADRs against your Argentina listed shares.
Then receive divvies in USD.

>>54950602
I just looked all over the Fidelity site and they sure do make it difficult to find any info on this directly, literally nothing about what your brokerage money awaiting trades earns, much less how it actually works. I found the other info by Binging it.

>>54949573
I'm that case the Fed buys up all the bonds and rates go negative

>>54950602
You can day trade without margin. You have to wait for the money to settle, so you can't do it that frequently, but you can still do it.

>>54950651
imagine not all inning on every trade. Wouldn't be me.

>>54950656
You can still all in, you just do it every third day.

What happens if I short sell more than I have in my account?

I just wanna go back, back to 1999
Take a ride to my old neighborhood
I just wanna go back
Sing "Hit me baby, one more time"
Wanna go back, wanna go
https://www.youtube.com/watch?v=6-v1b9waHWY

So when does PacWest get seized? It's clearly over for them.

>>54950709
you should u try it

>>54949630
Nah. They would all crash with us.
BRICS is a joke and will never be a thing.

>>54950451
you guys keep saying SPAXX gives 4% but any and all searching that I do shows about 2% what am I not seeing here? i trade with fidelity too.

>>54950656
Is there another way youre supposed to make gains?

>>54950709
If you have <$1 million, one thing happens.
If you have >$1 billion, quite another thing happens.

>>54950871
>trade with fidelity
*am a nigger
well this is an interesting development then, so the other nigger conveniently left out that they do not even pay HALF of what a real brokerage does (4.65%). Be sure to thank massa for those table scraps!

goodnight /smg/

>>54950986
Night

>>54950903
blessed Bill
>>54950986
blessed poemanon
stay the fuck away from the alcohol
do not slip back into it

Phone traders are retarded and not making it

For those of you who enjoy loss porn, AMRS is in the final days. Stocktwits or reddit or whatever else has AMRS baggies. John Melo pajeeted harder than any pajeet has pajeeted in a publicly traded company. Truly remarkable.

>futures

>>54951081
>futures on a friday after market close

>futures

>>54949864
https://www.youtube.com/watch?v=xUd93RgNJqo
I like this version plus twee qt thighs

>>54951097
even better
https://www.youtube.com/watch?v=HrMUsKa0JHA

>>54948060
TBF there are a lot of energy stocks that follow this to a T rn... down big in 2020, pumped up in 2021, peaks in 2022, and now dumping in 2023.. which is back to the acoom phase. Probably feb was the acoom phase on NG stocks.

>>54951089
what the fuck is this
are they trying to groom children into brap fetishes?

Maybe that's a good thing. There aren't enough Japanese women to go around.

Why is sanic the hodgeheg so based, bros?
https://youtu.be/7DzDicQyxB0

>>54951089
What are they trying to do to the children with this shit?

>>54951140
make em fart on their roommates door
https://www.youtube.com/watch?v=2lEpY6hIg6w

>futures

>>54950902
>all in on inverse the inverse. Bruh you're not supposed to hold leveraged ETF through ups and downs if they are opposite. When people talk about chop they need to say "holding -3x minus on upswings or 3x on downswings." So right now we are going back into a bear market, should sell those longs or you'll never make back your initial investment.

>>54951147
giwtwm

>>54951153
admittedly i could have just held SOXS from when i first bought in a 16 something but im playing it loose and fast because of clown market. economic conditions are shit no matter how much cope you apply though so right now id be happy long holding a long put or even SOXS. we are in crab phase and thats why what im doing is working.

>>54951154
You do?

>>54951089
i jus laff so hard i poop my pants, sirs

All it takes is one bad piece of news over the weekend

>>54951238
>one bad piece of news
Digits decide what that one piece of bad news is.

>>54951180
ofc

>>54951201
is this scoops new alt?

>>54951314
nah, wtf makes ya say that nigguhhhh???

>>54951147
that’s a good one. Great work, anon

>>54951312
jpow transitions

>>54951312
Surprise government default ahead of schedule.

>>54950217
Someone start that fucking engine.

>>54951312
June rate hike incoming.

>>54951378
why did that little shit bite?

>>54950719
Stfu nigga
1997 chad btw
Also
>futures

oh dang, guys, I banged my thumb super hard, and now it’s REALLY swollen

>dollar breakout
>vix breakout
>btc breakout
the bears are back

>>54951492
Better get that one checked out, lad.

>>54951504
it hurts real bad, sirs ;_;
im worried it might have to get amputated on the same

>futures

>>54951648
Wow, Uohda and Powell look so uncomfortable there. Jesus Uohda looks like he's a month from going into the nursing home.

Ever since the small banks started failing my female broker has become more and more unhinged.

>>54951648
To be honest, I'm stunned. Absolutely stunned.

>>54951732
I just... I just get a hunch sometimes, you know? It's like... a shining

how dumb do bulls feel buying into the top?

>>54951673
Then it's up to you to fuck her straight, m8. Damn, I wish I had an unhinged female broker that would electroshock me every time I made a bad trade. Feels bad mate

k

Imagine if our country wasn't run by out of touch demented retards. Haha, wouldn't that be crazy??

>>54952417
Surely that's not possible, democracy wouldn't allow something so zany and reckless...

How i make money with no money

>>54952530
just print it. you have a printer, right anon?

>>54952530
>borrow money from your bank, relatives and friends
>go all in OTM calls
>
>profit

>>54952545
No printer
>>54952551
Will will it work what I not profit

>>54952575
>Will will it work what I not profit
Uh... yes.

>>54949885
>natgas
Brother, is our suffering finally over?

Where my PLTRannies at?

wtf is accrued interest? I bought bonds yesterday for the first time and had to pay this? is this like a tip?

Does this look bullish?

Slowest /smg/ of all time

>>54949231
Is this all that matters these days even outside of politics? Why is the FED being politicized? There has never been such a low proportion of economists at the FED and now all that matters is to be black or a latina vage

>>54952846
Because market are closed?

>>54951492
Well, if it isn't my old friend Mr McQuick

>>54952618
our suffering
will never
be over

CATURDAY

Yet fund companies keep pushing relentlessly to attract more money than they may know what to do with. Fund sponsors spent about $200 million last year on advertising alone, according to Competitrack, a New York City advertising research firm.

That insatiable craving for cash is proof that you and your fund manager have ultimately conflicting interests. You make the most money when the fund reaches its optimum asset size and sticks to it. But the fund manager makes money by collecting fees; the larger a fund gets, the more fees it pays the manager — regardless of how well it does for you.

Think of your fund manager as a real estate developer and your fund as a new house in the woods. Once you move in, you don’t want other people crowding in and spoiling your view. But it’s the rare developer who agrees with you. He wants to sell as many houses as he possibly can.

Crab day. Crab week. Crab month. Crab year. Crab decade. Crab century. Crab millennia.

>>54952990
There has always been a potential conflict of interest between the people who own the funds and the people who own the fund-management company. In fact, the first draft of the Investment Company Act of 1940, the law that governs mutual funds, barred any fund from taking in new money once it hit $150 million in assets — equivalent to $1.6 billion today, an amount that seems almost quaint now. The drafters of the bill feared that “too large an aggregation of capital could not be efficiently managed.” The final law omitted the $150 million limit, but it did empower the SEC to review “from time to time” whether funds are getting too big for their customers’ good.

The last time the SEC looked at the issue — 30 years ago — only nine funds had more than $1 billion in assets apiece. Still, the SEC warned in a report to Congress: “Should the growth of the largest funds and fund complexes continue, these funds might soon reach the point.where their portfolio mobility would be so seriously impaired as to affect gravely the interests of their shareholders.”

Today, 376 funds have more than $1 billion apiece. So I asked Barbash if the SEC plans a formal study of whether funds are growing too big, too fast. “We recognize that size is an issue,” he says. “But given our budgetary crunch at this point in time, I’d question whether we can do such a study.”

Games being 70 dollars is the result of inflation? Or is it because tech stocks have been on this retard pump for the past 6 months now? I still remember when games being 60 dollars was an issue that people complained about. That means games used to be 50 dollars as standard. Even if inflation miraculously comes back down will prices like these ever go back?

>up 109%
Big numbers but all that means is that I was hours away from buying back puts too late and getting fucked

>>54953055
apt-get install tuxracer

>>54953055
Remember when big triple A titles were $60, and some smaller games were $40-45? Even though these games were released 15 years apart, they were the same price, and even though they were made by big studios and published by Sony, they were only $40 at launch. Same thing with smaller Nintendo games and Microsoft games. I want to go back.

Fresh off another 3 day ban for raycys comments. Man the jannies really let this place go to shit... Fuckin jannie shits... Outta my way

I didn't lift for 3 weeks, and only lifted 3 times in the last month and a half. Anyway, I started back lifting yesterday and made sure I did extra stretching. But I woke up stiff as fuck from the squats and then this morning I slipped on an incline that had mildew that was wet from rain. So not only am I hurting from squats but I fell as well.

RIP

>>54953184
I only get banned on /biz/ for saying shit about street shitters. It makes you wonder why the board is full of scams.

>>54953055
> I still remember when games being 60 dollars was an issue that people complained about.

I remember when the N64 came out some of the games were around 80$+ and this was in the 90's. Doesn't matter, consumers are going to consume.

>>54953184
glad to have you back among us fren
it sux to be locked out of the village
when the village is the only people
you usually see every day

>>54953222
If that's the case then there is a chance price can come back down. But that was on the cusp of new innovation after innovation and tech was making really great strides in processing power and graphics. If that's what it takes to get prices to go back down then it may no happen because we have been stagnating so much. And in place of all that stagnation is being filled with tons of micro transactions and gachas.

>>54953235
Thanks fren. The jannies know it hurts being locked out. That's why they do it. No matter. Things are moving. I fired my jew advisor, applied for options trading in all my accounts. Still waiting for level 3 approval in my main account. My broker is kinda being gay about it. But I sold a stack of covered calls in my Roth IRA and used the funds to double down on one of my losing stocks. Now I have 100 shares of that will sell a covered call once the long shares go green. Moves are being made boys... Moves I tell ye
>I'm sam the samba man
>And I live in samba land
>I'm sam the samba man
>CATCH ME IF YOU CAN

>>54953208
Makes you wonder who they speak for
It's only one side benefiting off the street war
And he skeet galore just to make ya badder
Many gone stab they own man up like Jacob's Ladder

GOOD MORNING

>>54953268
i remember you considering firing your jew advisor (are you the one who kept them for a while out of respect for your father?) and then finally giving them the boot. i too intend to reach a point where I start doing the selling covered calls experiment, but only after reaching a certain point in the natgas cycle. may your mooves be blessed.

should I wager on oil going above 90$ this year or not? On one side is stagnation with the chance of getting sodomized by politics and having no money on the chance we get a real 3rd leg down, on the other side are borderline hilarious gains.

>>54953297
I already did take that wager for my son. He is in a special stocks program and got to make one last buy that will be held until Aug. There were 141 stooks to choose from, and I advised him to select XOM and informed him of my thesis, along with the fact that it is a goomble just like any other in this market. The selections were made last moonth, and approval came Fri, I did the buy of 47 shares. I hope I do not let him down.

How can I short California?

>>54950442
>if the reparations thing actually passed in California
That entire thing is ludicrous. Nobody living today was a slave and nobody alive today was a slave owner.
Looking from Europe, that is the epitome of ridonculousness.

>>54950442
Slavery was europe's fault. and they left the whites in thier colonies to be terrorized by feral nggers. those powdered wig wearing fags owe us all reparations.

>>54953296
Yea that was me. It got to the point where enough was enough. I was paying him 1% of my portfolio value to beat SPY by 2% during 2022, but then lose to SPY by 2% on the upswing. And I'm bag holding emerging market and international ETFs in an inherited IRA that absolutely must be distributed out within the next 8 years. And he's been a prick about taking very reasonable annual distributions from that account because they are currently 10 to 15% losers. That motherfucker sold the bottom and called it tax loss harvesting. So now I have a huge capital loss carryforward that I'm going to use up over the next few years hopefully. If I stayed with him he'd just be added to the loss carryforward. Not a terrible strategy if you make 250k + in w2 salary. But I'm trying to completely survive off the market, not go back to CPA wage cucking. Maybe I'm giving up a few mill in future buckaroos, but maybe I'm just taking control of my life and everything will work out fine too. I'm doing covered calls because I am ok with picking my exit price up front and thus being compensated in the form of up front premium that can then be used to buy other shit... More stocks, a new roof, new siding for my house... Meanwhile the people against them say you are gonna be sorry if the market price blows through your short strike. But if you never were gonna sell anyway, then were you actually going to time the top? Who is really the greedy one here? The guy with a 10% winner who is willing to sell for that 10% so he picks the applicable short strike to sell? Or is it the guess sitting on a 10% winner just hoping it goes to a 50% winner? The thing with covered calls is if the stock price goes down then at least you collected premium from selling snake oil contracts (the covered calls). If it goes down too much then you have to make a stop loss decision... Which is the same exact decision you would have to make without selling the covered calls. Im ok with taking my gain and then repeat

>>54953328
I hope the OPEC doesn't let us all down. The Saudis said it could be painful draining the emergency reserves (SPR) I expect them to not be pansies about it. Though I have been let down before. Supposedly there is much more russian oil than anybody expected to see on the market.

good morning

>>54953383
>I'm doing covered calls because I am ok with picking my exit price up front and thus being compensated in the form of up front premium that can then be used to buy other shit
that is *exactly* how I have envisioned my own plans for the future, and what I intend teaching to my son for his.
I do not understand some of the things about the other stuff like I do not know much of anything about IRAs except for there are 2 tax types and usually you get company contributions to a certain point and that kind of thing. I am 50 but never had a life that lent itself to having those kinds of things but it looks to me like you are the type that really needs to be in more control of your own instruments and vehicles rarther than just let the jews jew and hope for the best (which is what it all winds up being either way ultimately but still). The path you are choosing and figuring strikes me as as highly sensible and workable as paths come under the circumstances of this realm.
>>54953422
>OPEC doesn't let us all dow
exactly, I sent my son a Twiiter cap yesterday showing that Iraq ensured its commitment to the cuts through 2023 and that was a nice little supporting bit to see.

>>54953422
>US filled reserves when the price was barely over 0
>US sells reserves when the price is high, knowing that a future recession will lower prices and allow buying cheap again
>Saudis fume
The US strategy seems legit to me.

>>54953244
I don't know too much about the industry but I think its also labor as well. Look at ID software for instance, about a dozen people made cutting edge games for their time. Now AAA companies have hundreds of people to employ, even if not all of them are related to the making of the games directly.

If you think about it they could charge 100$ a game and if you really enjoy and spend 100+ hours on it its really cheap for entertainment.

I don't see prices coming down for most things unless we go into a real depression.

>>54953464
it does, but the partisan in me can't hand Biden this win especially considering how unbelievably transparent the intentions were.

>>54953055
The last $60 game I bought was MGS5 at launch week. I don't know how everyone puts up with these prices instead of getting a different hobby.

>>54953489
I doubt it was Biden that came up with this, as much as i doubt it was Trump buying at almost 0.
That partisan shit is really annoying.

>>54953515
videogames aren't really an expensive hobby, even with $60 games
God forbid you are into models or miniatures or model trains and collectible cards, and if you buy a movie that is like 15-20 bucks for a 2hr experience. I am sure the board alcoholics and golfers blow through 60 bucks like it is nobody's business.

>>54953454
>which is what it all winds up being either way ultimately but still
Yes it all ends up in the same place eventually. But yea, my dad really was a great man, albeit a shabbos goy of sorts, and that' why they compensated him pretty decently. But that wasn't without sacrificing his own health and happiness. So now me as the 2nd generation, I spent my younger years learning his profession, and soaking up all the info I could from him about everything. So now I'm trying to grow these accounts without having to sacrifice health and happiness. And I could never be happy with some jew telling me to go get a "job" for one of his boomer pals or my dad's old biz partner. I'm not trying to take over the CPA firm. Would literally rather be dead. And he was trying to evoke emotion through mentioning my father, saying shit like your dad wouldn't approve of this, your dad is disappointed... All that nonsense. When I had to cut him off and say my dad woulda fired you 6 months ago, he's on my team motherfucker. Always has been. I've don't stupid shit last year trying to force wins in a small play account. But that's a lot different than taking control of a fully diversified portfolio and selling covered calls on the winners, and maybe selling a naked COIN call every once in a while just for the top keks. That's why I want level 3 options approval. I don't want the hand holding. I know the risks. I'm a big boy. Just because you have access to something, doesn't mean you need to tap into it all the time. But I've had to defeat a lot of other demons not market related in order to get to where I am at. Nofap day 27 here. No alcohol in a year, no cigs or vapes in 3 years, no caffeine in 2 months, cold turkey off weed. Removing negative people from my existence. And my jew advisor, while his intentions weren't terrible, he didn't do anything than any other advisor wouldn't do. I just need to be in control. lm gonna look to buy or rent a "cheap" winter property somewhere warm.

>>54953568
Its like selling options: you sell the shitty singles before they tank in value, then sit on things that will actually compound in value

red pill me on future spreads

>>54953612
>red [...] futures
Bros not like this

>>54953572
man this is all sounding truly excellent to me. I don't keep track but I quit cigs a couple or so years ago (in fact, not keeping track was a key for me, it makes a big deal of it, so makes you think about it more, and I sought to simply think of other shit). That attempt at emotional manipulation using your father was fuckin' despicable. I think your outlay sounds great, taking over that large, diversified portfolio and managing it in the manner of which you speak, while allowing for a small portion of goombling to keep things "fun" and hopefully even increasing the green. I deeply hate the loss of your great father, but it seems that you are going to make the most of the blessings that go along with it, which is truly honors him.

>>54953268
>covered calls
I'm retarded so maybe I'm missing something, but isn't selling covered calls 0 risk if you place a stop loss at the point where your loss offsets the premium you collect so you exit the position with a P/L of $0? Sounds too good to be true so there must be a catch.

>>54950405
>Won $900 on the slots
Put $700 in your pocket and gamble with the rest

>>54953351
Yea well try telling that to the nogs

>>54953701
The risk is if the stock goes down then you either sell far dated calls for pennies or risk getting exercised below your purchase price if you want worthwhile premium. Same for pmcc. You have less max risk but you're more likely to lose 100% of what you invested.

>>54950442
>will never happen
that's too bad. just think, one time and finally done forever. let them have it, watch them quit what jobs they have, blow it all, wind up with less than they had before, and from then on we can officially discard all of the bullshitting and say "see?"

>>54953701
Heres what I did in my Roth on Thursday
>Own 700 shares of something that is currently at $800 total unrealized gain
>Sell 7 call contracts and collect $373 dollars now to be used on anything I want right now
>If market price > call contract strike price by 6/16, I sell the shares for only a $700 gain instead of the current $800 unrealized gain
>Plus I keep the full $373 I collected up front
If stock price goes down, yes I would exit the long shares at whatever market price is needed to have the loss on the long shares offset the gain on the short calls. But the thing is you do this on safe tickers like SPY where you just hold the shares through the loss and sell more contracts and keep averaging your cost down by buying more long shares with the call premium collected. That's why I want out of my diversified etf bags that don't have liquid options markets and want to be in positions with more liquidity to the options market. The prices on the options will be "fairer" if there are more players playing. The ones I sold in my Roth IRA, I'm literally the only person on the planet playing with these contracts, so I'm forced to sell at the MM "bid" price. Which the spread on that is quite wide with no speculators speculating. Vs SPY they come to you a lot of times with the pricing of your fills. It's a little more honest just from the sheer volume of players wheeling and dealing every day.

>>54953753
>The risk is if the stock goes down then you either sell far dated calls for pennies or risk getting exercised below your purchase price if you want worthwhile premium. Same for pmcc. You have less max risk but you're more likely to lose 100% of what you invested
You are correct, but if the stock goes down too much and you didn't sell those calls, then you still have the same stop loss decision to make on the long shares. As long as you are disciplined and only sell strikes that result in net gains should you have to part with your shares, you are safe. If it goes down too much you don't want sell calls anyways, you just want to take your stop loss, same as if you had not sold the calls

>>54953650
>in fact, not keeping track was a key
Same. After the first week weeks you just forget about it. Thanks for the kind words fren. WAGMI

You spin me right round baby right back round to 2000 baby..


https://www.youtube.com/watch?v=PGNiXGX2nLU

TICK TOCK MOTHERFUCKERRRR

T W O
W
O

MORE WEEKS

>>54953847

>>54953753
>>54953817
I completely forgot about the fact that you can’t put a stop loss on your shares because if you sell your shares and the stock rebounds, the call buyer would exercise the now ITM contract upon expiry or before but now you have no collateral because you have no shares since you already sold them, so you’re fucked.

>>54951378
>futures
Higher res

>>54953915
Exactly, so there is potential unlimited risk

The wheel is not a good strategy unless you are a GENUINE VALUE INVESTOR and sell the covered calls at the price at which you deem the stock worthy to be sold.

>>54953922
>potential unlimited risk
I am pretty sure that is only with puts on stocks that go up, but on calls for stocks that go down, the risk is hard capped at minus 100%.

>>54953612
>>54953619
>spread me pill on red futures

>>54953944
There's no guarantee the stock won't go up.

>>54953962
well yeah, but wouldn't you just have to sell your shares to the call holder at strike price and that be the end of your risk in that direction?

It's over isn't it

>>54953922
>at the price at which you deem the stock worthy to be sold
Anything green is ok with me. Even if it's $1

>>54953981
always has been
wish I could see what's on that TV

>>54953915
You would exit the option position at the same time you sell the shares. Hence it's an option on the stock. Otherwise you would be naked. Being naked is for fags, unless it's just selling COIN calls for gas money

>>54953985
this is how i see it, there's no use in lamenting that you *could* have "made more", just be grateful to be making rather than losing anything, and anytime it works out to be a nice burst gain here and there is something of a bonus.

>>54953922
>so there is potential unlimited risk
If you have a naked call position yes, which is what that fag was talking about, even if he didn't know that that is what he was talking about

I thought this was already happening? Is it because of the default?

>>54954011
Exactly, the coulda woulda shoulda stuff will get you killed. Your participation affects the outcome. So you can't go down that road. Green is green, green is good, green is life, green is god. My father used to say nobody ever went broke taking a profit. And if I'm sitting on 10% winners, why not take the profit and do it again on something else? Who is greedy, me wanting to take my 10% gain so I sell the call contacts? Or my boomer jew just hoping it becomes a 50% gain with no protection to the downside whatsoever. And that's assuming he can even time the top which he's not schizo enough to be able to do that. At least if the stock goes down only a little bit I have the call premium coming in. If it goes down too much you take your L. My blackrock jew took a lot of Ls in 2022 and didn't think twice about it. That's why everyone is fired. I'm in control of my bags now.

Stocks for this feel?

>>54954054
So did lockdowns…

>>54954081
2/2

>>54954086
Is that Hank Hill? I recognize that body type. No ass whatsoever

>>54954081
>>54954086
>major injuries
What did he mean by this?

All the stuff I said before could be mitigated with very active monitoring or automation. Really I've stopped doing the covered call thing because it's just a bit more complicated for not much money. If you just buy stocks or funds you like because you're bullish it's easier. Selling a call means your bullish but not that bullish. Your trying to pick a price and a time. If you're going to do that a spread would probably be better. Lower risk .same basic dynamics. I bet none of us are using fancy algorithms to minimize risk and maximize gains. I just kinda do some knapkin math and hope for the best.

>>54953980
No, because your "stop limit" already caused your shares to be sold off.

Imagine you buy a stock, set a limit price just below what you purchased, and sold a covered call..

Then the stop quickly drops below the limit price... your share is now sold.... now the stock rockets up 10000%.

You are bankrupt.

>>54954062
Every time I send my son a screenshot of a $20 gain, I tell him that I hate having had to use one of my 3 day trades for the 5 day period on such a small gain, but I'd rather make a small gain than take *any* loss (and usually if I made a $20 gain on a day trade, I felt lucky to get out of that particular trade in the green at all). I tend to both cut losses and take gains *somewhat* quickly either way, depending on the circumstances/expectations.

>>54954142
What you are describing is a retard though. You exit the option at the same time you take your L on the long shares.

have 1k i want to park in brokerage and forget about. what is best etf to buy that has a bit more risk but also more growth potential? ive heard some names thrown around, VOO, VYM, JEPI, BIL, etc. but not sure of which to commit to

>>54954142
Ah, I wouldn't think you could sell shares that were under covered calls. I simply would not because it would seem to be a recipe for disaster.

>>54954174
Then you're still taking a risk that the underlying would drop

>>54954163
Buy an index that tracks the MorningStar 85% capitalization index.

This is the Canadian one but it exists on american exchanges too, look through the portfolio and tell me it's not an incredible and diversified portfolio.

https://www.cibc.com/en/personal-banking/investments/etfs/us-equity-index-etf.html

>>54954202
Same as just owning long shares without selling a call... For covered calls, the option and the stock are mentally treated as a single position even though it's technically two separate positions. If SPY goes to zero you aren't worried about your portfolio, I'm killing people at that point.

>>54954216
I doubt calls on the SPY generate any premium above what you'd earn just holding the SPY

Opinion on diagonal calendar spreads?
Allows of going long/short on options with minimal margin requirement.

>>54954232
I guess we shall see? I'm going to sell ATM calls on my winners to get out of them and then start wheeling SPY with the proceeds from the sales assuming market doesn't take a big poopy dump. And if it does take a big poopy dump I'll have collected thousands in premium on snake oil contracts and still have a diversified bag. The key thing here is that my pro advisor was going to just sit on the losses anyway. I need snake oil premium if that happens. Period. I will give up some of the upside for that. You boomers can't even time the top anyways, what makes you think you would sell for a better price than my strike anyway? It's not gonna work out perfectly every time. But it's low risk if doing on index ETFs, as long as you literally buy the top and have the worst cost basis imaginable

holy fuck Japan Nikkei looks pretty bullish.. when they break this level after decades its literally going to the moon
short US and EU long Japan is this years trade I assume

>>54954269
>I'm going to sell ATM calls on my winners to get out of them
fuckin excellent

>>54954269
>as long as you literally buy the top
As long as you DONT literally buy the top

>>54954272
The market is like a giant lake. When one side gets a big ripple, that force will spread across all over the lake. So when the nikkei comes out of its 40+ long crab market, the other markets will inherit that energy as a trade to maintain equilibrium. The US market is already entering its 60+ crab market now.

>>54954296
Not how it works

If companies keep earning profits and giving that profits to investors, and those profits are growing, there's zero reason why the U.S market should crab.

>>54954161
How can you exit the option if you no longer own it and therefore can't control if it gets exercised or not in the case of a rebound? You'd have to buy back the call in which case your P/L is no longer $0 which was the whole point of my original question.

>>54954258
same as regular covered call but more sensitive to underlying going down. even fairly deep itm options are worth less if they are much less itm. like all leverage when its going good its going great, but there are no secrets or free lunches for us normie aspirants those are reserved for gods chosen people

>>54954315
>You'd have to buy back the call in which case your P/L is no longer $0
It's never zero until the last fucking minute or way way otm. Yes the buy back of the call is a part of exiting the trade if you really don't want to own the stock anymore. It should be less than what you sold it for if the stock did go down enough to the point where u want out of your long bags. Yes it's not zero until it expires worthless or is just so far otm that it has no chance. Sounds like you have paper hands

glad i'm not riding
this meme train

>>54954315
And what's your P&L on taking a loss on a stock without selling a call? It's not zero. It's fucking negative. Selling a call and buying it back for 50% gain reduces that negative a little bit. But no it's no zero net P/L overall, same as if you had not sold the call in the first place.

>>54954307
the bust in US will take longer than a small -20% blip in the market like we had last year, anon
the US had a 10 year crab after the 2000 crash from 2000 - 2010 it reached the 2000 high around 2013/2014 so don't expect we going to 2021 ath in the next years or even decades

any grass growers here?
boomers are laughing at my lawn

>>54954366
>Own stock with no gain or lose
>Sell ATM call
>Collect $100
>Stock goes down
>You sell stock for $100 loss
>You buy call back for $50
>$100 stock loss minus $50 option gain = $50 total loss
Vs just selling the stock for $100 loss. I don't get what you mean by not wanting to buy to close the call. You have to otherwise it's just a naked call. Which that's your prerogative then fine, but that's no longer a covered call strat then is it?

>>54954081
>at the speed of sound
right, sounds legit

>>54954391
Scotts grass seed for $90 a bag is some quality stuff, along with the $85 bag of Scotts lawn food. Then just water as much as possible

>>54954391
are you sure they are laughing
and not calling you
a nigger?

I'm retarded but please explain
>buy VOO call 378
>sell VOO put 380
Did i just make 2 dollars profit? ignoring the Jewish premium I'll have to pay.
Obviously what will happen is that I try to buy and then the market crashes to 370 and I'll be forced to buy the call or lose the premium. Then I try to put at 378 again to not lose money and the market goes to 400 just to fuck me even more so I'll lose nothing but have to pay the extra on both of the contraxts. This is how it's going to go down, right?

>>54954054
I'm glad Biden is an economically Nostradamus. While many do not know exactly what will happen he does apparently. Can't the democrats push to raise the ceiling, since you know they have the majority? I get the impression that they are going to put this on Trump somehow because he talked about this during the CNN townhall. Guess this is part of the reelection campaign. Politics is all bullshit and waste of brain space. Unfortunately you have to pay attention occasionally because it effects markets.

>>54954369
2008 was the last year when U.S was still figuring out monetary policy, now we have the tools to maintain permanent bull markets.

>>54954391
anon, just get rid of the dandelions and crab grass.

>>54954419
No. I highly recommend you stay the fuck away from puts and calls until you understand them

>>54954425
>now we have the tools to maintain permanent bull markets.
inflation says no but sure keep the hopium up

>>54954419
>buy VOO call 378
Have the right to buy 100 shares at 378
>sell VOO put 380
Have the obligation to buy 100 shares at 380
No you didn't make anything yet

>>54954054
imagine actually thinking the US defaults on its debt. It'd literally lose every bit of economical power and stature it has left. Also Wall Street would go broke, tech would flee in droves, and basically the US collapses overnight.
It would make Russia seem like a more trustworthy country than the US.
Betting on the US defaulting is like betting on a retarded 3 legged horse successfully raping a tiger.

>>54954453
Yeah sure, the U.S market will totally remain stagnate for decades, because that's how things work.

>>54954348
>he doesn't know

/smg/, an anon told me I can trade futures to get past PDT rules. And I'm trying to look at how to trade VIX futures on IBKR but I don't get it. Can someone help me with trading futures? I don't have enough cash to avoid PDT rules but someone told me I can trade futures to get past it.

>>54954487
Post the real one with the cum drinker at the end.

>>54954506
>>54954506

>>54954487
i know that the meme rip column gets shorter by the year and was down to a little stub last year

>>54954450
I'll be fine my black-faced Jewish friend. I'll just watch a bunch of YouTube videos and try it out. Worst case I'll lose everything and then I'm only just as bad as all the PEPE baggies
>>54954456
>100 shares
:'( I cannot afford my money is in safe bonds for the next 2 months

>>54954391
if youre in the south, buy some Celsius herbacide to nuke any weeds, then fertilize with milorginite. youre welcome.

>>54954553
>Worst case I'll lose everything
You could lose a lot more than that to be honest.

>>54954425
"this time it's different" kek. Markets crash and rise because they're based on human psychology. and humans never change.

>>54954581
No, they're based fundamentally on intrinsic value... if human psychology interfers with that, then all it does is give rise to Value Investors like me to profit off the discrepency.

If i have a business that's generating me $1,000,000 in profit every year.... and that business is selling for $10m one year, $9m the next year, $8m the year after.... all the way down to $500k..... DO I GIVE A FUCK????

No... I know what the business is worth, and I'll hold it so long as it's making me fat stacks of cash.

>>54949526
>>54949557
Who cares about California
No one knows pain like NYC, DC, or Boston anons
>tfw paid $32 for lobster roll and beer yesterday

>>54954610
That's nothing. I live in Toronto and that's easily what a few beers would be.

>>54954603
>sell for 9m
>go fuck whores in Thailand for a few years
>8.99m left
>buy same stocks for 500k
>8.49m profit
>fuck some more whores in Thailand
What are you even doing nigger?

>>54954649
Apparently not whores in Thailand.

>>54953123
Based

>>54949231
test

>>54954618
Oh now it’s a suffering contest typical Canadian