/biz/ - Business & Finance

First for powell shut the fuck up

Is today really GALT Day?

First for did you buy SOXL? If not, buy it now.

its lunch hour brahskis's smoke a fatty

SPY will close at 0.70% today. This lunch time dip is nothing.

SNSS bro whats the play with earnings coming up

Why isn't WSB magic working this time?
My MSFT calls are bleeding

cleared my position on ONTX, on this latest pump. Looking to hop on again at 719

THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN

ONTX .73 kys if you arent holding til BMY buyout

>took my profits off MSFT calls earlier
dodged a bullet

SHUT THE FUCK UP; POWELL!
JESUS CHRIST

Fuck it
Bought 5 SNE’s

POWELL STFU CUNT

>he fell for another biotech buyout scam

Holy shit, just buy good companies, you weedstock trading, trash crypto bagholding idiots

>Own AMZN, MSFT and Google LEAPS
>Worst day I ever had was a +5% or so with these three
Spread and conquer or whatever

>>17186376
Are you actually him or are you merely doing works in his name that he may yet live in our hearts?

*And whoever bought those dips gets to take home one of these*

Thank you based Powell

What's with the huge amount of retards in these threads who think the stock market is "Get rich quick" instead of understanding that money takes time to grow?
You idiots sound like people at a Casino, "IM PUTTING IT ALL ON RED. PUT IT ON BLACK, PLEASE!"
The stock Market was, is, and will always be a long term game.

>>17186371
Where do I get one of these dolls? Every one of them has a subtly different even more smug aura than the previous. This one in particular has that, "they laughed when I said I wasn't selling a single share of SOXL despite corona-fud and just look at the price now" look. I need one this pepe.

>>17186426
>corona extra

>>17186426
lmao chong li on the right

>>17186426
>Fat Asian sluts
Id rather just have the dips

>>17186422
how about you do the spreading and I'll do the conquering ;^)

>>17186433
>that belly
this is a BLUE BOARD

>>17186426
What fucking dips?

I only want the one on the left, the one on the right has something wrong with her face. Looks like bogged.

>>17186414
you need to understand that people are here because they want to make a YUGE return in a short period of time and are okay with losing it all as a result

few are here to collect small amounts of premium selling options or hold boomer stocks because their situations aren't great to begin with. it's a bunch of justification for gambling, but it seems less degenerate because it's stocks and not scratch-offs.

nice oxymoron

>>17186464
I-I’m trying bro. I opened up some LMT credit spreads and bought a LHX... and some SNE... and gold

>>17186435
this is the part of the stock market that looks more like a casino

>>17186435
You are talking to people who will call a 1% drop another 1929.

>>17186425
nah its me. being an impostor fag on an anonymous cotton picking farm is pretty beta.

>>17186446
Is this not why we're doing this in the first place

What's the potential upside for ontx today and tomorrow if the conference goes well? I FOMOf 50k into it

>>17186370

GALT NOW
YOU'RE MISSING IT

>>17186479
Jesus Christ bro are you the anon who lost big on DF?

What are you stacking?

>>17186372
based

>>17186339
>Purchased about 3 shares of Tesla back when it was around $200, with the intent to invest more with my future paychecks
>RobinHood reversed my payment because they "couldn't find my bank" despite me logging into my fucking bank within the RobinHood app and them accepting that I did
>They charge me some bullshit reversal fee on top of it
>Complain that their shitty pajeet-made app glitched and I don't accept this charge
>Get money back, but also still down on the stocks I just got
>Uninstall the shit app and get turned off from Stock Market
>Tesla booms

Fuck pajeet apps. I would have kept investing in them if that bullshit didn't live a nasty taste in my mouth.

THE GALTING HAS BEGUN

>>17186435
>he thinks stocks are meant to be a convenient way for smaller entities to give money to an endeavor for the purpose of receiving back greater than their initial amount once that endeavor succeeds without the need for an explicit contract or loan structure
>while also making the company open to public scrutiny and held to a standard of law by several special regulatory entities
Wow look at this fag, what's next you're going to claim the futures market isn't meant to be an insane gambling tool used only for speculation but instead is meant to be a way to fix the cost of inputs for a commercial product?
Wow, nice try FAG!

is it illegal to sell anymore?

>>17186514
I only lost a small amount of money on DF
what I gained from DF is more important than money

>>17186390
>Want to accumulate wealth to $100k
>Want to invest it all in divvies so I get ~$1k a month in extra cash

Boomers who preach about rental income are dumb. You can get similar levels of passive income without putting up with all the bullshit of buying property and renting it out

>>17186501
sell before the conference. it's going to dump afterwards even if it goes well. screencap this

Please BIZ shill me your ETF/Index funds. SOXL guy, I already know yours. Hopefully it goes back close to $250 and I will buy in.

So far I have some MSFT, AMD, CMCSA, and VZ. I do not any ETF's to round out my portfolio! Thank you , you wonderful SOBS.

>>17186477
good job anon. keep on selling credit spreads as long as we're in this bull market. also look into 'the wheel'. it's a good way to both build your portfolio and collect premium.

if you feel left out looking at YOLO gains just remember you're never seeing the full extent of everyone on the other side of the trade or those that bought further OTM and lost their entire stack.

>>17186565
TQQQ, UDOW, QLD, QQQ, SPY, VTI

HAPPY GALT DAY

>>17186534
try Schwab or Ameritrade
there will be other TSLAs
It's best to think of the entire market out there as one big unstoppable cyhcbertruck, plowing through crowds of normies in its inevitable quest for profits

>>17186544
it goes on your social credit score
I wouldn't suggest selling anything

>>17186576
happy GALT day :D

>>17186565
MORL
>2x leveraged passive income fund that tracks the real estate market
>Nice diversification in the portfolio with fat divvies

USOI
>Same deal but with oil

My primary holdings are in QQQ and SPY, but I'm sure you already knew about those

lmao this bitch can't even pronounce bernanke

>>17186544
how can you sell in a society full of coooooooooooooooooooooooooooooooooooooooooooooooooonsoooooooomers

>>17186391
>BMY buyout
is this a /biz/ meme or is there any actual chance that they would do that?

>>17186435
There’s only so many times I can talk about my long positions. I do day and swing trade on top of them.

>>17186565
XAR for the defense sector

>>17186573
Yeah... I think most people sell back the calls to those who need to buy to cover or to algos who scalp them as soon as there’s a mispricing.

I’m actually getting kind of fucked right now. Shit sucks.

Unironically should’ve just held MTUM, or bought tqqq.

>>17186612
Hes obviously talking about BYND, not BMY.
Rigoservitibo will be distributed by burgers, just like the founding fathers intended.

>>17186575
>>17186601
>>17186632

Thanks anons, looking into them now.
Seriously you guys rock.

I still have no idea how options trading works, even after reading about it.

>Nokia keeps literally printing money
thanks Finland

jesus fuck, i hate these financial hearings. these niggers just talk so fucking vaguely they use a lot of words to say literally nothing. "yeah well, you know, as im sure youre aware, china has a high debt to gdp, so its something we definitely have to consider in our decisions"

GALT IS JUMPING UP NOW.

THIS IS NOT A DRILL.

>>17186612
BMY owns Vidaza which is being used in a combination study with Rigosertib, which is very close to FDA approval. The combo study is in Phase 2. There are no FDA approved drugs to fight the RAS signaling in MDS. A new drug would have billions in market cap. BMY will buy them out as soon as FDA approval happens, and will have a monopoly on this treatment which will cost tens of thousands of dollars per year for roughly ~60,000 patients.

Will NET increase as elections come forth?

>>17186710
Welcome every single government meeting ever. Watch CSPAN and you will find that no one every says anythign of substance and at least 9/10 people (whether politicians or people testifying) seem to be clueless or incompetent.

>>17186679
consider something like QLD or SSO to be the backbone, the main "meat" of your portfolio, and then add auxiliary positions to support it.
For me, it's all about a QLD 'core' with a KNG position to stabilize and generate income. The perfect two-ETF portfolio.

>>17186720
it is fulfilling the prophecy
GALT to 7.77

>>17186702
just do it phaggot

>>17186339
>You didn't sell their MSFT calls when I said to
There's still time, lock in those profits

We will not be denied. SOXL to 450 EOY. Never stop buying. Recession? Buy. Depression? Buy. Sell when you make it. Semiconductors will never stop printing money so leverage up and get rich

>>17186702
Which parts are you not understanding?

how safe are my $48 AMD shares right now? when should i expect the dip where i can buy more?

>>17186759
>+893%
>$304
this is the funniest thing i have ever seen on /smg/

i like illinois guy

>>17186779
That's the 5 year gain of a single share of SOXL, not my account :)

Powell made the bitcoins go up

Shouldn't we be buying shit like FLWS and TIF since valentines day is drawing near?

>>17186779
You're reading the price per share.

>>17186759
It’s confirmed as the prophecies have foretold. SOXL is the light in the darkness and the path to save us all.

is this niggers last name really "Loudermilk"

>>17186705
I thought of buying in two weeks ago but I was not convinced. Good luck

>>17186827
lmao who?

>>17186838
on the financial hearing lol

Ah yes, the CDC! Truly an organization deserving of our trust!

https://www.cnbc.com/2020/02/11/coronavirus-latest-updates.html

>>17186862
link please? I didn't even know we were having one.

>>17186818
buy TR, children have to buy goodie bags for their classmates

https://www.youtube.com/watch?v=_V_U4TAPEtM

>>17186832
i bought late november and told /smg/ in december/january
no use buying now i think unless long term, but there will probably be a better entry eventually though
2020 and 2021 are the years of 5G deployment

>>17186827

>>17186553
What about in the next few days? Will it keep going up?

>>17186891
>not loudestmilk

NGMI

>>17186891
ms porter asking questions about the alfalfa dinner

Jerome chadding it up

GALTBROS, REJOICE!

>>17186974
lmfao im loving this right now

anyone use charles schwab for a brokerage/checking account? Might sign up because I want to do some traveling and the zero atm fee thing is nice. Is it easy moving money around and is there anything I should look for while signing up for an account?

>Opened up Stocktwits for the first time, because people mention it so often
>Its basically /smg/ but 10% of the intelligence
>People incredibly spiteful because their options worked out
>Then whine when the 0,5% drop was not the start of the recession and their puts are worthless 1 hour later
What a shithole.

>>17186908
I rememeber you. You were the reason I looked into it.

Don’t tell the market what to do and go with the flow.
You’ll become of no use fighting the current and getting impaled by oncoming candlesticks

>>17186388
>>17186391
>>17186501
>>17186732
fuck guys i was going to just use ONTX as a quick pump but now im thinking its a long term hold with serious potential to moon to actual $'s per share. what do i do? sell after conference today or hold for FDA approval of their new drug in a few months?

>>17186987
I prayed for it last night.

>>17186741
Well anon you are definitely starting to sell me on QLD. Definitely looking into it as well.
I figured as much, I feel confident in my current stock choices, but I really want that safety net.

wonder how many institutions are taking their repo portion and putting it into bitcoin

>>17186994
I had to turn it off just now when she starts to try and lecture jerome on how important women are for economic growth
I feel bad that he even has to talk with this bitch
but that's his job, it isn't always spreadsheets and numbers

>>17186995
i use etrade and really like it for brokerage, trust funds, checking, and company stock options. free trades and zero atm fee there as well.

Holy shit this is so fuckkng aggravating. My good positions can’t outrun my bad positions.

>>17187020
Been gently shilling for weeks

>>17187030
yeah she nose dived really fucking quick when she went that route lol

>>17186995
schwab is great
when you make your account, be sure to input the code "/smg/" in the referral field to gain access to the premium elite VIP sections of their website

>>17187020
God bless you anon

OGI is shipping out their chocolates infused with THC this week
A little hope for us hodlers

>>17187036
the gentle, consistent shilling is the most powerful kind by far

>>17186702
Same
>>17186764
Basically every part of it, please help anons

Last reminder that today is Galt day. Engines are warming up now. We still have space for a few more. We don't want to leave you behind. BOARD NOW.

Damn VISL crabbing so hard

>>17187020
>>17187036
>>17187063
Will pray for all your gains today, brothers
>>17187094
Yeah. But the industry is still to "connected" if thats the right word.
The incoming ACB crash will drag down OGI considerably. I will still hold it though. Its a good company and I see a great future ahead.

>>17187094
are they shipping any to me? how do I sign up for this service? do they make THC gummies?

>>17186885
fucc... now I'm on their website and about to buy a bunch of "Frooties"

Who has the sceencap of that one anon asking god to pump his galt after he went all in? That guy must be ned flanders or something.

>>17186999
>What a shithole.

Yeah, a very entertaining shithole that is still good for getting a general sense of the sentiment surrounding any particular stock. Like /smg/ except for normies, boomers, and scammers/FUDers.

>>17186987
>>17187020
>>17187097
>>17187063

reminder, my orderbook shows 76 $3 2/21 calls left (at 5 c a pop). That's about 30 less than the past hour

Soon AMDchads will be eviscerated. Nothing last forever. All returns to red in the end. Blue and Green Forever.

Does anyone know potential upside to ontx by the end of the week? Are we looking at another 25% or potentially more?

>>17187137
I'm retarded. What does that mean?

>>17187158
see>>17187014

i dont know it seems to have serious long term potential, dunno what to do

>>17187128
kek

If I want to be a lazy fuck and just put like like 10 to 25k for long term growth. what are some good options? mutual funds? just doing that shit myself?(which I plan on doing with a smaller amount) hedge fund?

>>17187158
We just dont know, Anon
It will all be decided in 90 minutes.

>>17187158
It really depends on the presentation today at 2pm.

It could break a dollar, it could fall back down. Gonna be a lot of sell orders on the way to and past a dollar so if it is going there it will take time.

>>17186339
Hey guys I'm looking for advice. I have about 26k right now from waging for several years I'm looking to put into stocks.

My original plan was to start with $1000, aiming to trade very small amount with a margin of like $10 max, then only put more in as I make more money and get more confident. I know basically the bare minimum about investing, but I've read most of the pastebins on the general already.

What do you guys think is best for me? How should I work towards making an actual tangible amount of money? What is the likelyhood I can stop wageslaving and live off of market money?

>want to sell my GALT calls
>cant because they only trade in five cent increments

WHY THE FUCK IS THIS A THING?!

>>17187186
if you are a gambler, you can buy some short term OTM GALT calls for a DOMSCUMM strategy

you're better off just buying shares
anywhere under $3 = load up the truck, call your bank to get a loan, sell your kidneys, sell your house, buy more GALT shares.

>>17187158
it will definitely move by 25% by the end of the week
up or down

>Most difficult of all, businesses cannot reopen without approval of their health plans by municipal officials — and larger operations also have to wait for a site visit from a health official.

>Shenzhen, a vast sprawl of electronics factories and skyscrapers next to Hong Kong, issued new health and safety rules on Sunday and said factories that made iPhones and other Apple products would have to meet them before opening. Foxconn Technology, a Taiwanese company that owns the factories, said it met all health and hygiene rules but declined to comment on when production would restart at specific locations. Apple declined to comment.

>Apple’s iPhone production, which is heavily concentrated in China, could drop by 10 percent in the first three months of the year, projected TrendForce, a technology forecasting firm in Taiwan.

THREADLY REMINDER the MSM stock pundits are frauds. At best they are wrong, most likely their job is propaganda mills urging you to sell low and buy high so their algorithms can pluck your every last dime

>>17187186
Apparently he bought 76 Calls for 3$ on the 21.2 for 5 Cents a piece.

>>17187231
retard, that's how calls/puts on low volume stocks work. go back to TSLA or AMD

Powell really fucked the markets morning flow. Shit is all over the place now

>>17187218
I started with 1000 a month ago. Made a lot of dumb decisions but broke even. I learned a lot.

Upped it to all the money I could now, making great money and I'm not scared to actually invest.

Start with the 1000 and start learning

>>17187218
>What is the likelyhood I can stop wageslaving and live off of market money?

slim to none.

dump 25k into an ETF that tracks the S&P500 or DOW like SPY or QQQ

lose your 1k gambling and wonder why you ever tried.

>>17187242
>if you are a gambler, you can buy some short term OTM GALT calls for a DOMSCUMM strategy

i second this and highly recommend the 2/21 $3 calls for no ulterior reasons whatsoever

>>17187218
>>17187212
50/50 in QLD and KNG

>>17187243
what if,
instead of dropping by 10%,
it drops by 50%?
100%?
spooky

>>17187243
The time has come to short Mr. Tim Apple.

>>17187218
put in roth IRA to turn it into $100k by the time you retire

>>17187257
Faggot i know HOW it works, I just don't get WHY

>>17187253
they're not always frauds though.

Shoulda took the profits on my Microsoft option hopefully it goes back up in the next few days

anyone know why options arent showing up for ONTX? is there a minimum cap requirement to trade options?

>>17187294
based

>>17187215
How much time? Ballpark

>>17187287
>he fell for the low float penny stock meme

my fucking sides, dude. if you want to sell there has to be an actual buyer there that agrees to buy at the price you're selling at.

>+300 on call
>put in sell order
>option instantly falls to only 75 profit

>>17187262
Putting all of my money into a single investment like that is honestly a bit scary for someone who has never invested before honestly, which s why I haven't considered it yet.
I'm still not even quite sure how an ETF works. Is it like a stop limit with multiple stocks? Something like that?

>>17187283
Already have a retirement plan on the go

>>17187261
Hoping to do the same, and at least break even.

>>17187344
>if you want to sell there has to be an actual buyer there that agrees to buy at the price you're selling at.

>Buyer wants to pay 6,7,or 8 cents
>NP I am willing to sell at any of those prices

FIVE CENT INCREMENTS ONLY

WHY

>>17187255

Nope, I've bought 40-ish (before all that, on a longer term) and am holding for now. Just noticed they're 15c now tho

>>17187287
if you want to trade options without fees, you have to make some concessions.
they 5c limitation is a robinhood thing. if you don't like it, you can use another service, but you will have to pay fees.
you should be excited and grateful to be able to buy and sell shares and options without fees, and with all the information the internet lets you see all the time. Back when I started trading, there was nothing like this. We weren't worried about selling calls for 4c instead of 5c.... we were worried that the telegram boy might fuck up a beep or a boop, and then the man in New York would buy 10x as many stocks as we asked! now that's real trading!

Sure. You could choose not to buy KO right now but what kind of life would that be anon? What kind of life?

>>17187139
heh, not today bear

>>17187339
1-2 weeks for a dollar.

A lot of posters are saying a year for 2 dollars. I would sell at 1 dollar myself

>>17187379
I just type in whatever I want for the sell price and it works. Not fucking with you, I just tap on the price numbers and it's editable. Am I doing it wrong?

>>17187406
>God's not real Morty character
DELETE THIS BEFORE GOD GETS MAD AAAAAAAAAAAAAAAA

>>17187243
Based Trump tried to have Tim keep Apple production and move more production in USA. Trump offered big tax breaks and incentives. It’s Tims own fault he was handed a golden opportunity on a silver plater and he decided to single handily pound the company down into a sideways volatile crab. When it could be the top performer right now and not only making the nation proud who brought it up but giving them jobs. Tim made a wrong move, Apple needs a a leader who is woke and would weigh out all the pros, cons and take a golden opportunity when it’s gave to him not just see markup margins, money and profitability at the time.

>>17187339
I am probably gonna sell today if it breaks .8 after the presentation

>>17187430
some options only tarde in 5 cent increments if the stock price is below a certain dollar amount. never understood why. It seems arbitrary and retarded.

I usually avoid them but fuck it GALTday

>>17187430
you can buy/sell many options this way on robinhood
for very low volume and low prices, they impose 5 cent increments to prevent fuckery (they would lose too much money paying for the transactions vs the very small amount they make)

ONTX conference at 2pm eastern 11am Pacific. Big news coming!
Allll aboard

>>17186910
Yet more "lazy programming", further proving holographic universe theory

Does an upcoming one time dividend usually drop stock prices? Tillys has one in a few days but the stock has already dropped the 1 dollar it is going to pay out

>>17187463
>>17187476
Interesting. I usually buy SPY calls but occasionally I'll do SH puts that have low volume and it's editable. I didn't know some tickers weren't. I'll be aware for future reference. While understandable, that's some fuck shit

>>17187455
very nice post Mr. president
but shouldn't you be tweeting angry things about the federal reserve interest rates?

>>17187488
I think it would be lazy programming if things like that never happened. Weird things have to happen sometimes to prove that reality is true and properly chaotic.

Who's doing puts on $SPCE right now? Think the Corporate Space Race is going to get us some fat tendies?

>>17187345
Welcome to stock options, bitch

>>17187502
by editable I mean not restricted to 5 cent increments of course

so i've been thinking of something lately, hear me out:

>find a company that has solid fundamentals, that you understand what they do, how they make money, what their debt and revenue are, what normies think of them, etc etc etc (AMD in this case for me)
>technicals show an uptrend on the daily timeframe, hopefully a strong one
>buy some on every red candle, so you can DCA if there are further red candles at EOD
>sell on profitable green days, or if your risk tolerance is higher, try to get the HOD on the next day after a green day
>finally, and most importantly, keep a close watch on the FA. if the fundamentals turn and the company becomes shit for some reason, for a REAL reason (not virus or trade war meme shit, like the company itself goes from being awesome to shit), you GTFO and look for another stock to do this on.

thoughts? also if any fellow AMD chads would like to explain what the fundamental reasons were for those spikes and drops over the years that the bears always love to bring up, i'd love to know more. looking at the time frame my guess is the dotcom bubble and the 2008 financial crisis? wondering if there is any more to it than that though. obviously since su bae took over in 2014 the stock has just taken the fuck off to the moon though with no signs of stopping.

>>17187486
glad i surfed a little.
got in at 488
out at 730
in at 715
>you are here
out at 800
in at 735
out at 765
stay out

>>17187486
800 shares reporting in, should i scoop more up at this price before the conference?

>>17187406
>galt chads
>still below $4

>>17187400
Don't worry, KO, I'll be pumping into you soon.

>>17187486
>Biotech penny stocks
Why do people do this? The startup-bust cycle in that industry is ridiculous enough anyway, it's basically like throwing money on roulette.

>>17187518
I plan on rolling some ONTX profit into them yeah. Not sure how far to go out. they have earnings on 2/25 which will be dogshit but no one cares about profitability anymore.

when is their first flight scheduled for? Im sure itll get delayed and Ill buy for around then.

>>17187587
>it's basically like throwing money on roulette
yeah and no one plays roulette

>>17187522
That's basically what all the robot traders do eight billion times a second

>>17187486
I'm ready, got a sell order to break me even then I think I'll let the rest ride.

>>17187587
for the memes and digits. Kek said today will be GALT day and I have faith.

>>17187139
bears have been saying this same shit for years now on AMD, i've become numb to it and im not even part of the old guard shareholders. like when someone says the same word so many times it starts to lose its meaning. i look back on the stocktwits posts for AMD when the nCoV panic was in full swing and now i just laugh.

seriously, call me when there is an actual fundamental problem with the company, because right now AMD is absolutely dominating and will continue to do so for at least all of 2020. just on the fact that AMD chips are used in the new Playstation and Xbox, the thing is gonna moon. just on that. then you have big navi and apple dropping intel for amd, best and most beloved management in the business that completely turned the company around from an absolute disaster, threadripper breaking multiple world records, the list goes on.

but sure, you keep shorting it and losing money i guess. go right ahead.

one thing im learning from these financial hearings which has nothing to do with finance at all, is how cool and collected jerome powell remains at all times. just calmly answers the same questions without ever changing or raising his tone in an aggressive way and it comes off actually pretty soothing/you start to believe him. interesting. im definitely not this time of public speaker and something i can take away to learn on.

>>17187139
imagine being this retarded shorting AMD when they're fueling next gen consoles and apple
AMD to 100 EOY you can screenshot this fag

Why is Powell at the capital again?

okay bros you can stop dumping ONTX now thx

>>17187486
Thanks, just shorted it.

>>17187631
Yes. He is either an incredibly calm and measured man, a meditator, a reincarnation of the Buddha, or on benzos. But he doesn’t act foggy in the slightest, and deftly handles even the shittiest of bullshit.

Buy gme.
Don't be a loser, Anon.

>>17187631
He's an absolute juggernaut of empathy and communication skills.
When you additionally consider how vast and deep his knowledge of financial policy is, that's when it hits you... we might finally be seeing the true golden bull.
the man and the market

>>17187653
i said you can stop dumping jesus christ

WTF ONTX, STOP IT

>>17187653
kek it started going back up after you posted this

>>17187587
>>17187587
well for one thing ONTX was started in 1998 and their shares have been worth hundreds in the past, and right now they are on the verge of having a monopoly on the only drug of its kind that insurance compnies will have to buy for thousands per dose. their youngest leader is 56. this isnt some retarded milennial startup

>>17187653
NOOOOOOOOOO
(but actually so glad I didn't set a stop-loss earlier)

>>17187688
all the smart money sold ONTX to hop on the GALT train

I bought 300 more GALT when it started to go up and now I have 700 GALT just gonna ride that wave

guys i'm >>16936296
i promised never to trade again but i went for one more trade and then pic related happened. guess i'm back in the game now lol

>ONTX
I feel bad for the fella who bought in now. Worst case my Stop Loss triggers at .60
>>17187532
Great job, Anon
Could not lose that much money in that time, even if I tried.

Like pottery

>>17187653
>>17187688
thanks for the heads up, i hold no position but im grabbing my popcorn and booting up https://stocktwits.com/symbol/ONTX

hope you guys all start freaking the fuck out.

>>17187732
>I feel bad for the fella who bought in now
Me?? FUCK ME

>>17187711
GALT train is over, and no where near as juicy as a penny stock ONTX pump

>>17187400
I bought some calls, seems like easy money

>>17187603
2021 is the current schedule for space tourism to startup. I have my doubts they'll make that timeline, but it wouldn't surprise me if they can get full approval for their spacecraft by the end of 2020. They already have had a few successful flights with Space Ship 2, which is nice to see compared to the issues they had back in 2014.

My reason for buying in is the projections with regards to the space industry. I'm fairly certain that eventually Virgin Galactic will be a major player in the space transportation industry, especially if they can maintain a more regular and cost effective shuttling service for NASA and the DoD than any of the other major aerospace companies.

literal retards dumping ONTX, we are closing above .75 today kys yourselves

Welp my stop loss just kicked in on ONTX
FUCK

I'm down $5k on ontx right now cause I fucking FOMOd in 9% down

>>17187764
Same here anon, i feel you.

What the fuck did you retards expect?

>>17187764
what does this mean for a brainlet?

>>17187747
GALT train has just begun, guy.

>>17187761
buy the dip, the conference hasnt even happened yet. its probably just big money doing the safe thing and pulling out

I really hope the people who FOMO'd in ONTX are larpers.

>>17187780
He set a stop loss to automatically sell if the price went down to a certain level to prevent him losing money. The stock price went down suddenly, and hit the price he set for his stop loss, which made him automatically sell his position.

>>17187764
>>17187770
is this your first day? you fucked up so bad

>>17187791
No, just a retard

>>17187780
You can specify an automatic trade to take place for if a stock loses too much money
TDA's platform calls it "conditional trading" I think

>>17187787
Fuck it, buying 100 more during the dip. Thanks for the 10 cents assholes.

>>17187769
dont worry about the minute by minute im pretty sure ONTX has over $1/share potential it seems very undervalued for the importance of its drug

>>17187769
how the fuck can anyone be down on ONTX

>>17187796
can't he just buy again?

>>17187727
This isn't Robinhood so I can't read it but congrats on the green number

visiting family in the furthest reaches of the north

can anyone provide a decent sell target for GALT? thanks /biz/ros, you're all eternally my frens and i will pay it forward

>>17187804
THanks fren.. Im thinking of it as a long now too so I sohould probably simmer the fuck down.. I should just go long with it?
>>17187807
I bought in at fucking 74cents

Yeah you anons have brought the realization of Powell’s nature to me. The always soothing, calm, precise, calculated but strong way he comes off has no fog and he’s done a great job at keeping our market in a bull run hitting ATH’s. We are also on track to hit inflation targets. What a guy, I’d read or watch a documentary on him and his upbringing. What creates a based bull like this? Especially interested with his tales of his job.

>>17187807
i started surfing it and got on right before that last plunge

New strategy. Buying small-mid cap semi-conductors and companies involved in the operations around building semi's.

>>17187642
so people can yell at him about climate change, how powerful women are, and giving minorities more money.

I'm thinking up a strategy for making profits from normies on valentines day, If I buy some DDS right now, their next earnings report is on the 4th of march, right after people threw their money at them to buy jewelry and shit for the 14th, so I can wait for the earnings to bounce the price of the stock up and sell for max profits, does this make sense?

That was the hardest single drop I have ever exprienced during market hours. Just one single candle down

>>17187743
Youre the guy who got in at .74 or so?
Then, yeah, you.
>>17187764
Mine was 1 Cent from triggering.
That was a close call.
>>17187791
I sure hope so.
>>17187807
FOMO specialists buying in at .70+

>>17187764
>>17187770
I wonder how many SL that guy took out
perfectly clean 11% drop in a couple minutes, then right back up. Free money.

you need to set trailing SL for 22% or more on a little 100M marketcap biopharma like this
consider it a lesson to learn

>>17187802
based ONTX chad

>>17187823
Wait till after 3pm. If they really have what they claim to have their company is super undervalued.

>>17187811
He can but that would be a day trade so if he's not working with much money that is a problem due to day trader restrictions.

moh will up to 15 then crash to 7
jbh up 2%
ucm free fall
dgo drop to 1.5
my calls for today, lets see what happens

>ONTX dumping
>MSFT and AMD only rising
Lrn2value invest retards instead of your pharma delusions

holy shit now that was a bald head I'll tell you hwat

>>17187733
member when doomer fags said that the death rate was way higher than 2-3%? member when they insisted that they understood the epidemiology? member when they said that stocks sometimes go down?

Jesus Christ

I TOLD YOU FUCKS

ITS THE SAME SHIT AS AMRN

EVEN THE SAME RETARD WAS HYPING IT (t-babies)

TAKE PROFITS ON THE PUMP INTO THE CATALYSTS

>>17187821
There is no sell target. You hold it until it gets converted to cash.

>>17187823
how's your blood pressure on that drop to .6? lmao

>>17187861
If they have what theysay then the stock goes up anotehr 25%?

>>17187819
thanks fren, basically i made a post a few weeks ago where i lost 75% because of a few option trades. this time i bought calls for galapagos with my last 500 eur and then it mooned. In a week i made all my losses back and an extra 1k eur. pretty happy rn, since i'm not trying to think about what wouldve happened if i had my original 2k for that trade, but rather try to live in the moment, each trade at a time.

>>17187811
it rebounded pretty quick

>>17187821
how far north
sell target is when it gets bought out

>>17187780
This
>>17187811
Its already up 10% again

>>17187889
Im pretty fucked up rn not gonna lie. I was liek fuck!! its down another 2% then it dropped to like -15%

>>17187875
>Trusting China's number

>noobs never heard of stop loss hunting before

my fucking sides, dude. RIP ONTX memers.

>>17187835
There's a non-zero chance semiconductors, and any of the dormitory style factories in china, are about to go full Raccoon City from nCov

I'm not saying that's likely, I'm just saying it is a possibility that exists

>>17187890
I mean a year ago they peaked at 2.69, and thats while having nothing.

>>17187876
this looks bearish to you does it?

>>17187914
cope harder

>>17187843
their next earnings report will be covering 2019Q4, not 2020Q1.

I can’t believe there are people losing money in this thread.

>>17187904
Someone unloaded a large load of shares before the presentation in an hour. Could be leaked info. Who knows?

>>17187931
Yah, theywere almost at $4 at one point

>>17186705
You are welcome :---D

Stop speculating penny stocks if you cant handle a 10% dip lmao

>>17187913
take heart anon, just a little dance as someone got cold feet.
conference isn't for a couple hours still
see >>17187930
you're gonna be just fine in at .74

>>17187856
Thanks for the lesson ONTX!

UNIT netting me 40% this year already. Hnnnnnghhhh

imagine setting a stop loss on a 10billion dollar market cap drug because you lost 10 cents. delete your trading accounts

TAIT and LSCC. Look into them. Long term positions for me.

>>17187954
(´++´)

>>17187946
Or someone who already amde like 2x their money in the past week and is playing it safe

>come back to 70 new posts
>a garbage penny stock dips 8 cents and everyone goes insane

>buy at the top, sell at the bottom
https://www.youtube.com/watch?v=KV5QlSgq7lg

>>17187951
We'll see after 3pm how well this is gonna do. My hopes is that they have a monopoly on an important drug, and it will moon.

>>17187965
never set your SL at a round number like that either
0.62 or 0.57,0.58 instead of 0.6

>>17187876
We all have stop losses and made 60% or so already. Nobody sensible will walk away with a loss here
>>17187946
200k stocks.
I doubt its insider trading. Probably just someone taking profits
>>17187856
>Minutes
That was 1 second. Literally one guy dumped and took all the other guys with him.

>>17187835
Small cap companies in general have trailed the market for a while, just look at the Russell 2000 index compared to SPY, especially lately with all the volatility. I don't think small and mid-cap semis are an exception. Why not just buy SOXL, get some of that sweet built-in leverage, and take advantage of the trend

>>17187352
>is a etf a stop limit?
go read more, not even trying to be a dick but you don't know enough yet

>>17187998
Thanks for the tip, but that's just the day low line.
I'm in unprotected right now.

So we essentially just killed all SL between .70 and .60
That should make another happening like this slightly less probable

>>17187352
>not sure how an ETF works
Jesus christ dude literally go investopedia and read

>>17187939
Dang forgot I was retarded, any strategies to make profits on valentines day?

>>17187821
>sell target for GALT
Sell before it reaches $0

I FOMOd into ONTX let's see what happens in the next couple of hours

>>17187781
Oh shoot...how far is this gonna go? Will this $3 this week? I managed to snag $3 calls at $0.05 a piece- better than a lottery scratcher.

Your mistake was setting a SL at all on a high volatility penny stock. You make your bet on stocks like that, up or down. SL raids are way too easy on stocks that cheap. Happens on SNSS all the time.

>>17187352
You need to read up on stocks, Anon. You are not ready to put money into the market at this point.
No offence.

>>17187930
zoom out

>>17187856
One of the first trading lessons I ever got I'll never forget was the time I went all in on something, set what seemed like a good SL and it got triggered in after hours the very same day. I woke up and looked at the chart. 1 straight minute candle down just below my SL and straight back up. Fuck that hurt. I'm much more careful now and usually just do a mental stop

>>17188088
where'd you get in at?
welcome aboard

>>17188089
That's a pretty good price for $3 calls. Yeah I could easily see it getting well over 3

>>17188010
>>17187856
>1 second
>Literally one guy

this shit is hilarious to me. also the stop loss for penny memes should have nothing to do with price and everything to do with fundamentals. did they successfully meme or was it all a dream? that's your stop loss. also just generally speaking you're probably best off DCA'ing in and scaling out, but you pennyfags are not exactly known to be the most well-suited for risk management.

>>17188105
We're all gonna make it

>>17188049
even better

>>17188056
>That should make another happening like this slightly less probable
slightly less necessary, probability unknown

>>17188074
most of the people in these threads don't really understand ETF mechanics (even for baisc equity index ETFs, much less the interesting futures-constructed ETFs)
It's not really a big deal, as long as they're only buying/selling big ETFs without anything too complex going on.

Goddamn this market
It’s never going to dip again is it?

>I’ll buy back into amd when it dips below 30 again
>I’ll buy back into amd when it dips below 50 again
...

*ahem* lest we forget

>>17188094
Is the fact it recovered so fast a sign to hold through conference?

>>17186552
Indeed fren but having sources of income detatched from one another is beneficial. So dont all in on one dividend stock.

40mins until the ONTX conference? This is worse than waiting months for AMRN

Bought 900 shares for .48 and sold all 900 for .72
Nothing wrong with 40% gains. On to the next .. it's not a gain until its realized. Dont forget to take profits boys

>>17188151
yes

>>17188144
that's why i only sold half my position last friday lmao. derisked again nCoV memes (we were worried about the factories starting back up on monday), but still have skin in the game in case it goes up like it just did. sucks that im making money on just half instead of a full position but you'll never go broke taking profits, there will be red days again.

>>17188121
I do not have enough money invested in this penny to withdraw step by step. I have a stop loss after I almost doubled my money and if that triggers so be it.
And that was just a normal SL wipe out now. One holder probably sold 40k or so and this wrecked havoc on the limits.
Happens
>>17188137
Well see

>>17188146
as soon as corona cleans out the weakhands [including the weak immune system folks heh] , SOXL 400 by end of year

>>17188181
ONTX, that is

Good luck to you ONTX memersz

>>17188188
Tru tru

Getting BTFO on my Marriott short right now. People really thinking this won’t effect earnings?

What the hell?

Are we letting chinese tourists in again?

>>17188144
there was a dip 10 days ago

We're all gonna make it ONTX is gonna save lives and our wallets.

>>17188193
Definitely and at the very latest. I wouldn't be surprised to see SOXL shoot to 400 even sooner than that. This thing is a monster that can only be contextualized next to high performing derivatives, it's left lesser stocks and ETFs behind like Rich Piana

>>17188192
something for you to ponder in the future if you seriously plan on doing a lot of this high risk high reward penny stock gambling: if you do make double your money, you should consider selling half of it. if you do, even if the company literally goes to 0 you still break even. selling half of your shares pays for the other half. your free shares still get to ride it out and potentially make a lot more, but if they lose you don't get turbofucked or anything. something to think about.

someone ELI5 leveraged ETFS. lets say i buy a 3x $100 ETF and it goes down more than 33%, do they become worthless?

>>17188088
whats gonna happen is your pharma is going to announce absolutely nothing of importance at the conferences and then real investors will dump their bags on you

>>17188276
i understand margin trading but how do leveraged ETF's trade

>>17188151
I would say so. USually SL raids are a bullish indicator.

>>17188277
Damning dubs, get fucked anon.

>>17188277
D-don't say that.

wow there are actually a huge amount of people on RH who bought this thing
dozens of people here, and tens of thousands
I was surprised to see it
thousands of people on RH buying into ONTX today... including some of you

>>17188276
the leverage resets daily, sort of
just google it and try and read the basics on your won

>>17188245
I hope SOXL shill starts selling shirts and sweatshirts, I’d buy and wear them. SOXL is a brand name I’ll always buy from now on. I truly appreciate SOXLshill for bringing this fast flowing beast to my attention.

>>17188307
Welcome aboard fren. Remember, God's got this.

New bread:

>>17188321
>>17188321
>>17188321

Screw it I just nabbed 1700 ONTX for the conference.

AAPL bears btfo

>>17188144
Oh it will, near parabolic moves like we have seen ends up with a big correction in time.. it will probably be known as the ETF bubble. The problem is that we have no fucking idea when, so just enjoy the bull market and generate some wealth before the dump happens. AND when the dump happens, have the knowledge to know how to make money in a bear market so a fat correction/recession doesn't even matter to you.

>>17187518
Bought some shares today and am gonna pump like mad when my next wagecuck check hits. When they fire off their rocket later this year all the world's normies will notice and buy. Jump in now.

>>17188045
>>17188074
>>17188095
Thanks for being honest at least and will do. Never even heard of an ETF until that anon mentioned it. Also not American so not sure what my options are.

>>17188305
fuckers I've been here since 2015 when everyone and their mother shilled amyris. Guess what 5 years later amyris is only 3 dollars. I suppose if you held for 5 years from .60-.70 to 3 dollars then congrats you made money. But no moonshot was had and it was a sliding bleeding shitpile for several years. And I haven't touched pharma since then

>>17188347
the nCoV panic was the correction, dummy.

The dumpening

>>17187556
Yeah I would I have about 4K in shares

so do we pray ONTX has a good Phase 3 or do we sell now before all the based fags steal our money

stop selling ONTX you actual retards

>>17188643
theyre getting bought out by BMY by EOY, i will refund all of your money if they dont

Anyway to practice scalping besides manually paper trading?

>Sold 25% of my ontx at 0.7. Made dinner, checked again, 0.64.
This almost never happens to me.

>>17188643
its crashing hard, I sold at 56 (avg was 37).now 42

ONTX WHAT THE FUCK STOP

>>17189400
Stop LOSSES! retards, at .43 haha