/biz/ - Business & Finance

Anime weebs are pathetic and deserve the rope

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I hope you guys sold off your positions friday. That was the biggest bull trap I've ever seen.

>>19554913
i waiting for this friday's bull trap tho

very lewd op anon.

monday oil is going to skyrocket.

Why didn't you go /long/ many weeks ago? Did you really fall for the dead cat bounce meme?

>>19554913
We're still at the bottom on most companies. This bullrun is just getting started. When we get back to 75% of ATH's. That's when you need to sell.But I do agree. We will see a sell off within the next month

>>19554927
Could go either way
Don’t you remember what happened last time

Whats the best stocks for long term investing?
How do i find these or how do i proceed on searching/finding these?

>>19554913
There are Still bears alive?
Guess we haven’t finished them off yet.
Time to pump S&P to 4000 by EOY.

>>19554954
read boomer investing 101 in the op you lazy faggot

>>19554961
Thanks i guess

>>19554913

>>19554886
NIO calls still a good play?

>>19554913
i
moved everything into oil etfs how fucked am i

>>19554947
what do you mean last time? It's still no where near the prices of what it used to be.

>>19554927
Got my 50 shares of HAL and 50 shares of SLB waiting for oil to pump.

>>19554981
Most oil ETFs already doubled so I dumped mine and switched to other stuff that hasn't recovered as much (financials, telecoms)

>>19554901

MAGA degenerates deserve to be what they are

>>19554886
-5% gdp growth first quarter 2020

https://www.youtube.com/watch?v=apII5VFTce0

wallstreet rallies into the titanic sinking ...after the hindinberg crashed into it ...and the twin towers fell ontop of it. hedge fund managers dont control the economy. QE didnt save the spread sheet. everything is on fire. im sure trump strangled at least 1 intern over this. every president is allowed 2 per term

>>19554913
>>19554981
>>19554993
Were still in the mania phase, it'll skyrocket and then come crashing down soon. Of course even going long with oil is a fine idea since an oil shortage is likely coming in august

>>19554987
Last opec meeting caused oil stocks to raise
But then Mexico didn’t want to play ball and cut production and caused oil stocks to drop and crab for months

>>19555018
negative 5% gdp bro. nothing makes monies noe mores

https://www.bea.gov/news/glance

>>19555001
have most of those companies recovered more than oil etfs tho? oil etfs are dwn like 85%

>>19555017
now post what the girl on the left sees

>>19554981
Long term you're good. Short term we may all lose money

>>19555051

I wish I had it

>>19554981
Should've just bought XLE calls

>>19555001
Telecoms didn't dip very much. I snapped up 35 shares of T @ $30.40, but I only expect it to go up to around $38 a share

>>19554954
IVR. 4x your bank

>>19555042
It really depends on the ETF but most have recovered quite a bit. Problem is a lot of them have negative earnings, have cut dividends, etc. The stuff I switched too didn't recover as much initially and are maintaining the dividend so I like it better long term. I figured that once the whole market begins to recover, I might as well be in what most would consider "safer". I still hold a piepline as well, which I prefer over oil producers.
>>19555098
Yeah, I grabbed BCE at least. It was down pretty sizable and now that they said fuck Huawei, the political risk is reduced a lot with them. Already up $7 a share since I bought it so I'm probably going to keep it long now.

“BEARS aren’t here” he thought. “I’ve never been in this neighbourhood before, but there are no BEARS anywhere”. The cool wind felt good through his thick voluminous mane. “I HATE BEARS” he thought. The Only Way is Up reverberated his entire car, making it pulsate even as the Diet Coke circulated through his powerful think veins and washed away any (unmerited) fear of bears in the markets. “With a printer, you can make the markets go anywhere you want” he said to himself, out loud.

>>19555023
I am just hoping for steady up or steady down
Their is no money to be made in crabs unless you are selling options

>>19555120
Damn, good job anon. Telecoms are good long term holds anyways with their (usually) huge dividend %

>>19554886
Do you guys believe that in the very slim chance that trump doesn’t get re-elected stocks will drop

>>19554970
>NIO
Bump

>>19555157
Yeah. I believe T also is going with a European company for 5G so its probably safe. They also have some investments in healthcare I believe. A safe but boring stock.

So the op says i should always use a stop loss. I wanted to go for a long term investing and i feel these are colliding with each other. What do you guys do on that? I read people use 15% as stop loss.

>>19555201
I bought it for that reason. Can't reasonably have 100% super high risk stocks

>>19555120
what do think of this selection of ETFs

Kek, I'm in the 12% tax bracket. I'm also married. 12% tops out at 80,000. Combined we bring in around just 54,000. Still 26,000 a year wiggle room before any bigger tax bite is a worry. So yeah.. Divvy income + stock sells, savings interest ain't gonna cause me to sweat any during tax time.

>>19555185
>not re-elected
>against a guy who can barely respond questions
Impossible.

>>19555219
Every time Iv'e used stop loss it burned me by immediately correcting itself, I prefer to just be liquidated.

>>19555219
iv been gettjng burned by setting stop losses to close to the current price

holding ZM puts, 06/11 195
should i dump that shit?

>>19555260
>>19555263
So its better to keep a stop loss in your mind and do it on your own? My only fear here is that it goes down too quickly.

At what point is an investment lost to you? For example Boeing lost 80% of its value but we see it came back around.

I am financially unwell.

>>19555334
depends on the company man. BA isnt going anywhere. Hertz rental? that shit might be gone

>>19555334
When they have a high potential of bankruptcy in the next quarter or have zero growth potential

>tfw sold all stocks and shorted a bit
>18th green day in a row without the correction

literally what the fuck guys

>>19555348
Like, really unwell.

>>19555303
Bump for attention

anons is this good news for oil etf holders on monday?

https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/06/opec-and-allies-reportedly-agree-to-extend-record-production-cut.html

What am I supposed to do when the market is closed? How do I get my dopamine rush?

>>19555334
Boeing lost employees, orders, partnerships, mergers, and issued more shares. Like Zoom it is absolutely buoyed by zombie index ETFs.
>b-b-but it can never fall!
Sure, but it can still go bankrupt and that will wipe you out when it restructures.

>>19555417
That was what the Friday pump was anticipating, it shouldn't move much.

>>19555419
Poker

>>19555430
imagine being this retarded. u think Ba is at risk for bk?

>>19554907
based, post this in every smg thread, absolutely fucking TIRED of shitcoins taking up most the board when its not even a majority of the population

>>19554913
>held close to 320 most the day without a massive dump
>held AH
dumb bear

So now that the economy has recovered and things are back to normal, what do I do now?

>>19555023
its not going to crash down before election time

>>19555419
Whats open over the weekend?

Crypto is I think but i'm not sure I could day trade that , certainly wouldn't hold anything - feels like it'll behave differently applying the same logic as stocks but I've never really looked into it desu.... feels like it'll be way more manipulated than the stock market

>>19555468
The McDonnell Douglas DNA has absolutely reasserted itself. They will blunder their way to bankruptcy or near to it because they will make sure all GIBBS do not affect middle and senior management.
And that initial merger happened because Douglas was literally where Boeing is right now. Even Boeing's projections are the next 5 years will be rough, and that is not coincidentally the time it will take to just replace the 737 Max. You can make plays on the zombie index funds buying it up but if you look at their past and current trajectory that stock price has no business being where it is even now.

So is AZN about to moon?

>>19555348
>>19555392
dumb bear

>>19555511
It lost $2 during the dump ($3 from the top), almost a whole percent point. It's holding AT THIS level in AH, which means nothing until before open monday. At least get your facts right, mumu.

>>19555546
i actually agree with you. but BA was a safe investment a few weeks ago. now that its over 200 i would chill on it. i dont hold any BA. good info you provided

>>19555238
A lot of it will trade in the same direction for a while. You can probably ride the wave for the time being unless some obvious risks come into play again. If I was going to go long term of any of them I like when they are 50% oil producer and 50% oil transport/storage. It helps reduce the risk by a lot from my experience.

>https://www.cnbc.com/2020/06/04/cramer-the-pandemic-led-to-a-great-wealth-transfer.html
>The coronavirus pandemic has produced “one of the greatest wealth transfers in history,” CNBC’s Jim Cramer said.
>“The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed,” the “Mad Money” host said.
>“I think we’re looking at a V-shaped recovery in the stock market, and that has almost nothing to do with a V-shaped recovery in the economy,” he said.

>The stock market is rising as big business rebounds from state-ordered stoppage of nonessential activity, while small businesses drop like flies, the “Mad Money” host said.
>“The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed, if not going for the gold,” he added.

so what are some good small publicly traded businesses to short? apparently the small business as a concept in america is dead now, thanks china.

>>19555590
what do u think of my etfs? posted above

post brekkie

>>19555582
This is not just the 737 Max. Boeing nearly introduced a catastrophic software bug in their Starliner contract with NASA. The KC-46A has had to be delayed for years because of design oversights that is pissing off the air force.
My thesis is that the real end game is breaking up Boeing into civil and defense units. The defense unit will merge with Lockheed Martin, Raytheon, whoever. The civil unit, without the cushion of military pork barrel, will then live or die from being an aerospace and not financial engineering firm as it should have to do.

>>19555573
I said close to anon, but yes you are right on your correction - however that doesn't signal a bull trap especially when we've seen megadrump reversals midday turn into green the next day with this "recovery"

>>19555629
>so what are some good small publicly traded businesses to short? apparently the small business as a concept in america is dead now, thanks china.
If you do your homework, commercial REITs weighted mostly to small business.

With what age did you guys start investing?

>>19555650
that’s interesting. so you actually think there will be a fundamental restructuring? what do you think of amazon leasing the 747s from them

What are some good stocks that have potential for recovery? I feel like I missed the boat (the dip) on nearly everything and im kicking myself for not getting BA at $97 and TSLA at $350 etc. I have money im ready to invest but what are the chances of another dip here? The market looks to be recovering but how is this not premature? You'll have to excuse me im quite new to this anons

>>19555678
20s not really until after graduate school sadly

>>19555678
Started during the crash, age 26. Unironically because I stumbled onto /biz/ and had finally got a good job. Now I'm at least 50% cash 50% investing every paycheck. Scales tipping either way depending on circumstances (last paycheck was 90% investment, $4k for example)

>>19555138
kek

>>19555678
30. now i day trade with the goal of making around $500 a day while i collect UI benefits due to coronavirus, honestly probably won't even go back to my job once this is over. wish i learned about it sooner, it's disgraceful that finance isn't taught in our public schools from a young age.

>>19555138
i love our guy but damn he really needed to lift more when he was aging he has the worst body

>>19555738
bud i hate to break it to you hut these gains wont last. everyone is a genius investor right now. you wont see 15 percent daily jumps you will see endless crab weeks.

>>19555645
My reply was a reply to your ETFs you posted here >>19555238. You could probably almost consider switching all to a single ETF but you'll need to research them if you want to go long on one of them. A lot of the ETFs have a lot of the same holdings just with a different % amount or slightly different holdings.

>>19555629
I believe this. Online shopping HEAVILY favors big business and since people can work from home you get rid of a colossal amount of fixed costs

>>19555738
You won't be able to make that kind of money when the market gets boring again unless you have obscene amounts of capital.
> it's disgraceful that finance isn't taught in our public schools from a young age
It's only been since TARP in 2009 that wage inequality has been blasted wide open because of equity inflation. I honestly think that a publicly traded company that doesn't offer shares to employees (and not just management) is a true scam.

>>19555739
dude looks like the weakest sack of shit alive

>>19555738
Is day trading hard? It feels to me that it must he exhausting. But i bet you can do a months earning in a day with enough money.

>>19555762
everybody learns the hard way.
>>19555678
19 thanks to muh buttcoin and im 23 now. I never Daytrade I make trades on trends mostly using options

>>19555794
>Is day trading hard?
Look up 90-90-90 rule. You need to be an expert world class coder to daytrade anymore. Swing trading requires unbelievable patience, practice, and research to make work. And you'd still probably get beat out by index funds + few favored long hold stock picks.

>>19555762
im not a meme penny stock investor like you guys. i have a thoroughly back and forward tested setup that gives a statistically relevant edge, that i created a scanner for that gets applied to a watchlist of stocks that fit a particular set of requirements. then i just wait for the setups to appear and buy/sell accordingly with a proper risk management structure.

i agree though, it won't last for you dumbasses taking hot tips from strangers on the internet lmao

>>19554886
Would you rather be lucky or smart biz bois?
>inb4 both fuckoff

>>19555836
both

Im down to my last 5k cash with already nice gains on oil. Quick gains are dissapearing and now im looking for around 1 year holds. Im planning on splitting it like this
2k REITs, considering going for RioCan but will research more tomorrow.
2k Airbus, they still have a long way to pre-covid levels and their order book was full going into the crisis and since there wont be coming any new models they are far better set than BA (A220 vs Max)
1k XOM, not overly risky like CPE and therefore still have room to grow, also i already hold a lot of SSL. and you cant go wrong with more oil ;)

to what extent does fear and anxiety affect your decision making? i bet it must have a pretty significant impact. even before the current chaos. but now.. you have to have really really big balls to stay calm and buy. or be really really naive and ignorant which may be an advantage over being overly informed. look at the geese how they attack passing cars. they are brave but really stupid. psychology is a tricky concept.

>>19555848
maybe check out DFEN etf, lots of room to recover still, potentially 2-3x in the coming years

>>19555794
it is hard but all of the effort is up-front with all of the testing you have to do and all of the education you need to learn. it's all probability and statistics, it's not about being right 100% of the time, it's about making more than you're losing at the end of the day. the software available nowadays actually makes it a lot easier i feel. once you have your "edge" figured out though it's pretty easy to just make a scanner and a watchlist and hang out playing vidya, waiting to be alerted on it. i could probably automate it but i think the discretionary trading helps a lot (i get pinged on the setup but then i actually look at and analyze the price action and volume of the chart before placing a trade), and i don't know how to code a trading bot.

>>19555854
I think an entire new generation of investors is going to learn a few lessons. One of them why buying or selling options is better during volatility than "BUY AND HODL"

>>19555842
You bitch what did I just say? I hope you're lucky cause you're definitely not smart

>>19555854
Literally anything can happen for seemingly no reason, like AAL gaining 95% in two days. Fearing the market would mean living in fear your entire life. Just press the buy button and stop being a pussy.

I think we all know what the country needs to do next to stimulate the economy.

>>19555678
24 3 months ago
My father gave me 300 bucks because his friends working construction with make so much money on the side trading and he was sick of me working my wagie job
My end goal is to make enough money to never return to my job
This is so much fun watching people make and loose tens of thousands a day on /biz/ is the cherry on top
I have 0 debt though

>>19555678
Sadly it wasn't till I was 35 (2018) that I started doing this on my own. Pension + 401k but I was like "what the hell" and started doing this as well.

>>19555784
just curious, what do you consider to be "obscene amounts of capital"?

>>19555874
wut? Buying Options during high volatility is riskier than BUY AND HODL, you can easily love money on IV

>>19555908
to be fair if you never invested you'd probably think thats strange to have on the air too

>>19555874
explain why you think it is better. how does an unlimited downside help you in a high volatility market when the price suddenly moves against you and your option loses 50% of its value overnight and stops are not going to help?

>>19555818
Lmao get a load of this guy. If you're such a genius how could your company afford to lay you off?

>>19555650
That's an interesting take. My impression of BA is they will claw their way to wherever they want to be. How do you think that will affect Airbus? Which stocks would benefit from this most?

I'm going to add I feel like Boeing has fucked up a lot before and will continue to do so, i think it's stock is overpriced right now but imo it will just drop back to around 150 and stay there for a long time until it gets sorted. I'm ignorant as shit though, so there's that. I'm only saying that because they do pretty good when it comes to recruiting brains to work for them.

>>19555818
you just admitted you are currently surviving on Ui benefits and you think you sre going to make large daily gains. i dont care what statistical analysis you have been applying over the last few months. you could have throwb darts and been successful jn this market. but oh yes you surely have created an algorithm that will get your recently unemployed ass rich.

>>19555904
>Fearing the market would mean living in fear your entire life.
it is not even about the market. i think thats how fear works in general. once your mind is filled with fear, there is no way back. i experienced that first hand.

>>19555965
im not laid off, i just can't go back yet because of the covid situation. also my main job isn't finance-related so that's a non sequitur.

>>19555854
way of diamond hand
fearless bull style

ok so basically the opposite of fear is stupidity and recklessness, yes?

i broke even this year yesterday, on 180k invested, by turning 5k into 65k so far on WTI futures.
but the thing is i still haven't sold. whatever shit is happening tomorrow decides it all. i go big or... fuck, that 65k could turn into nothing if it dumps even a few percentages

>>19555987
look i wish u the best of luck. just trying to warn u that this wont last man. remember alt coin season?

>>19555678
I am hoping 30 year old me will remember all the shitty mistakes I made at this age
Hopefully handling some serious equity

>>19555678
3 months ago. I'm 28. Dont have more knowledge than the few companies I'm looking at and im taking a very high risk approach. Checkers or wreckers baby

>>19556006
whats tomorrow

if you worried just sell and take profit

>>19555924
>just curious, what do you consider to be "obscene amounts of capital"
Fractions of a percent are typical returns to expect on average during periods of low returns. You'd need Tens of thousands or hundreds of thousands to get $500/day
>>19555958
Unlimited downside comes from options writing. Actually holding the underlying puts you in risk of bagholding if there is another "leg down". And it also means you don't have to worry about timing the sell, which is literally trying to time the market. You make money all the way up multiple times and have mostly capital during legs down for "more cheapies".

This guy probably has better covid % gains that Buffet and Icahn, clearly everyone that started investing 3 months ago didn't just gamble on stocks that were down 60% and hoped for the best.

>>19555974
why are you so mad? lmao $500 is chump change compared to what some of you memers are making (when you're right), i don't see you getting mad at them.

>>19556012
>alt coin

ah okay it's a crypto kid, don't talk to me again. now it all makes sense.

>>19555987
>not laid off
>not working
>collecting ui
Lad you may be worse than laid off. Good luck riding the wave with your perfect genius system

>>19556036
someone post this hilarious montage of that youtube trader lol

>>19556030
retails like us don't have the luxury to sell any time they want

>>19555402
Mf you trying to hide from your zoom put bro in weekend /smg/??
Hold. That shit is going to tank

>>19556042
yes the guy trying to warn u about the unsustainabilty of your plan is “mad” when you are one hurling insults. stay unemployed kid

>>19555971
Not him but I expect Boeing to continue climbing for a while and drop again. At this point I expect another fuckup is imminent, even though their PR is good (see their recent campaign showing their new interns and recruits).

But I don't know why more people aren't buying into Airbus, it seems like the safe bet as their direct competitor with less shit going wrong over the past 3-5 years. I bought in at around 56, so I'm already up 40%, but I fully expect it to go back to original levels once planes get going (EU talking about 'air bridges' to kick off tourism soon and Greece is set to reopen for tourists for example).

And any fuckup for BA is going to benefit Airbus, either directly in stocks going up/down, or just as a future investment as new plane orders come through. BA at this point is a 'too big to fail' company for the US Gov. (via defence contracts too), if it had no backing it would be in the shitter by now, I definitely don't trust its current value.

>>19555971
>How do you think that will affect Airbus?
I only bothered to look into Boeing to get into the options rodeo a lot of people got into when it first crashed to 90. Do you homework here. The point is that it doesn't take much to see how screwed up Boeing has been even before the 737 Max.
>>19556006
Losses are more painful than failed wins IMO. You could also just sell some fraction of the contracts to make the downside less painful if the worst comes to pass

the current events prove that a restaurant business has a very limited upside but the downside is huge, i.e. you can quickly lose everything. a very very asymmetric risk. pretty much just like any service related business.

>>19556071
honestly its best for people to learn this lesson themself. EVERY trader has to learn this lesson

>>19556106
i'm a greedy retard

>>19555971
I thought boeing was going to floor again too which is why I sold my 39 shares for 10% before memorial day. I could be up 3 grand right now and I took 5 hundy. Grandpa always says it's better to win a little than to lose a lot.

>>19556036
I mean techinically buying the bottom with very high leverage is what every trader aspires to do

>>19556115
If there were fewer restaurants, the ones that remained would be more profitable. Restaurants are a great case study into why keeping zombies alive is a bad idea.

When you get to be almost 40 your quick to note that you've got just a bit over 25 years till 65 hits you in the face. Which is a long time still but far as letting your money build up it ain't that good. So what do. Your only option is to either dump in a massive seed wad to kick start the process in a hurray or take full advantages of mega dips like what's happened thanks to our virus friend. To make massive gains on the rebound. Sure penny stocks are an option but risky as hell. You'd lose your wad on most of them rather than make money. Lastly dump more money into funds each year to make your growth really kick start. So via a nice wad and an epic dip I'm gonna be doing ok.

> missed the dotcom bubble
> missed the 2008 crisis dip
> missed the BTC monn
> missed the ETH monn
> missed the LINK moon
> MISSED THE CORONAMEME DIP
I hate myself so much. I just want to cry. I will never have a fucking house, I just don't fucking know how to make money.

Please, fucking help me...

Is gambling on penny stocks better than dividend stocks? How much money do I need to have in dividend stocks to actually be making something?

>>19556119
yup. i mean, who doesnt to live only off capital gains... he prolly lives at moms and has no overhead

>>19556115
>>19556139
Restaurants have super high turnover (in buisiness owners) and low margins

>>19556115
>downside is huge
it was probably fine during the last century when there wasn't a fucking worldwide pandemic that literally shut down the entire global economy. it's like saying landscaping is probably a bad business if a meteor struck the earth, like yeah no shit but that doesn't happen very often does it?

what are some /smg/ approved anime?

>>19556151
if it makes you feel any better I can donate some of my 80% gains this week for a rope

>>19556085
>And any fuckup for BA is going to benefit Airbus
i thought about that but didn't really think about how possible that is in the near future with the way the market and travel is right now. BA is kind of making all the wrong choices. I might go for Airbus.

>>19556125
Well imo it will crash again and when it does I will buy it up. I'd just watch it. These are volatile times. I was going for BA again but made the idiotic decision of LATAM lol and it turned out ok. Now I'm off LATAM and I'm going to watch Boeing for the next dive it takes. I guess for now I'll grab some airbus because the anon I responded to above seems correct.

test

>>19556151
all those shitcoins are just equivalent of random penny stocks, so you've not missed anything. just try to bet on the next stock pumping from $1

>>19556151
there will always be an opportunity to make money, dont be a nigger

>>19556151
wait for tsla to dip, happens once every quarter and recover in a quarter
repeat 4 times every year
and stop whining and regretting, that's poor man's trait

>>19556241
How? For fucks sake, how? Everything already did V-shape recovery. It's too late. I will never buy the fucking top in my life again. Made that mistake before, lost half of what I had.

>>19556151
I don't think the corona dip was the last one, other shit is going to dip soon. We have two political parties battling it out so they are planing out but one is going to lose badly and when it does opportunities will arise.

>>19556151

>literally no clue how stocks work
>invest through Chase app
>buy random stocks that I see people talking about here the past week
>up 60%
Why does everyone talk about smg threads like they're money pits?

>>19556226
I think it all depends on a "second wave" no wave 2 no Boeing crash. Definitely boeing dip along the way but no crash. But what do I know I'm the fucking clown that sold it for 10% instead of 60% 3 weeks later dude lol

>>19554913
I did. t. the guy who had gained 10k this month

>>19556275
The market just had an unprecedented couple of green weeks

>>19556176
I think it is a wrong to think about risks. A pandemic was predicted as an imminent event in the past. Bush, obama and others warned about it. It;s just nobody listened. So the probability of a ruin from running a service oriented business had been much higher than most people thought.

>>19556261
>>19556233
also,
>lost
why the fuck would you sell? did you seriously buy bluechips or some index and sell? fucking retard, don't do that. just dca in. buy every bottom.

>>19554913
>employment better than expected
>bull trap
yo why you hate money so much?

>>19556276
If BA drops because of Corona I'm definitely buying, that's not a confidence loss. I'm talkign more about the company fucking something up again like the maxx.

>>19556268
Averaging down is trying to time the market with a different name. Study after study after study shows that being "fashionably late" will always beat average down. Because its easier to guess the knife passed then to predict when it drop. You could have averaged up in April and even May and be better off than February/March average down retards.
But then again, if you played options you win over both those strats anyway.

>>19554913
8/10 bait

>>19556323
most my strategy is just to play Options for plays im confident on.

>>19554907
you're a retard.

>>19556320
But didnt orders of the 737 already get picked back up? I think Corona made it so they will never have to answer for that. Their stock dip for that atrocity rolled into rona losses and I dont expect that to change. But again I'm dumb

I'm gonna be smart with my DAL profits. No more blowing money on dumb shit. Such opportunity to make epic gains doesn't happen often. Another step in the path to make up for my mistakes in my 20s. All thanks to the virus.

>>19556261
IVR/MFA, REITS

soxl, spxl, tna, midu

see pic for the last 5day sector performance, these are the areas that are improving. Look into those, because they will likely keep improving

Story time:
You know, I have been doing pretty good for these past few months with day and swing trades... I really thought this shit was gonna be harder because supposedly of all the people that tries it only 10% succeed.
I'm not even that smart and I have been consistently making decent profits week by week just by following momentum/FOMO. Like every stock that gaps up always sees a second run due to FOMO, albeit not as powerful as the first run, so don't wait to get out expecting there's gonna be a higher high that same day because it rarely happens. At the end you just have to control your greed and be patient.
https://www.youtube.com/watch?v=5IcvRe8bQhU

>>19556430
So all in on GME calls?

>>19556403
Yeah they did, but I expect them to fuck something else up.

>>19556294
I mostly just bought stuff that looked like it was really high pre-covid since I assume they'll go back up post-covid. Or at least post-covid panic.

>>19556474
>poonhound.exe

>>19556323
honestly people would do a lot better if they focused on trading trends and ranges instead of spikes, but everyone always wants those spikes for some reason. it's like how you can play the rally up to an earnings or the drift after an earnings but retards always want to play the earnings itself even though they have no real way of knowing which way it's going to gap. besides that it's just risk management and position sizing. it's useful to be able to buy a half or third position in the direction your edge tells you it's going, with the option to buy more at an extreme or pivot point or some other market in the range. the key is knowing where you're wrong if it keeps going against you and getting out, instead of just DCA'ing forever and losing more and more and more. of course this also depends on your strategy and what sort of time frame you're working on, but still.

>>19556295
this is why im in stocks instead of owning a business like a restaurant. you avoid all of those risks, overhead, marketing, dealing with people, etc, all you need is a computer with an internet connection and capital. the dream is probably if you make a large enough amount of money you'd want to put it into passive income that has much larger capital requirements than stocks like real estate (landlord shit), but even then considering how fucked up nowadays maybe it'd be better to just live off of DRiP if you had that much capital. you just can't beat the liquidity of stocks. you can't just push a button to sell your restaurant business instantly if it goes against you.

>>19556430
I am in the same boat, I tried to time the market perfectly for years and called it quits in late 2018 and had just been accumulating ash for two years. I bought with 100k in March during the lows and am up 44% rn. Going to be a super long term boomer investor now.

It will just take one huge red candle. A single 5-10% dip overnight. Which will happen. And 90% of the gamblers itt will get wiped out. Your stops are not going to help you. Imagine the levels of pink wojak posting lol.

>>19556474

>>19556474
she defs fucks that dog

>fucking dog gets it but i dont. fuck this gay earth

>>19556434
This looks promising. Thanks Anon.

>>19556556
dumb bear

>>19556556
>but I dont even have stops ;)

>>19554959
*faint growling sound in distance*

>>19556474
>that webm
wtf???
>that youtube title
dis gun be gud :^)
>this was essentially skilless
>i just went in there, thought i could make some money, i didn't
my guess is it's going to be along the lines of penny stocks and no risk management, let's see if im right. like i said, everyone wants to trade the high risk high reward spikes, not the boring but far more consistent and reliable trends/ranges, kek.

>>19556474
>>19556558

>>19556434
Honestly how the fuck does IVR have a 55 dividend yield, what am I misreading here?

It's from ATL too which is where all the crazy frauds go down

>>19556261
by leaving /smg/ and joining us in the /ptg/ penny traders general. go search for it. if it's not up we're usually active sunday night and monday morning. been making predictions that are now up over 100%. meanwhile /smg/ is a circle jerk for people who think they're rich because they play with larger cap stocks.

>>19556626
yes /ptg/ is for poors to grow their capital so they can join /smg/

>>19556512
>honestly people would do a lot better if they focused on trading trends and ranges instead of spikes, but everyone always wants those spikes for some reason.
Legitimately the smarter thing to get involved with for that is sports betting. At least then there is nothing to baghold. You win or lose on fixed dates. And sports betting is as sophisticated as a lot of FA or TA, if not more so, by really serious people. And you have a LOT more information and numbers in sports than you do with stocks. I am absolutely not surprised a lot of sports betters played the market and not just because sports got cancelled. Everything is familiar to them.

>>19556626
>wipes out 50% of your portfolio on a single trade
nothin' personal kid

>>19556403
They've had a series of issues before corona, before the max even, and last I heard they were getting shit from a company they didn't manage to deliver the orders to (because of corona admittedly, but still). As I was saying above, just by simple logic it makes more sense to go into Airbus if you want a safe long hold. BA will continue to be propped up by the government, but as a company, not as a stock, they're not actually doing very well. Airbus has been on the up and up for the last few years, business is good, no major fuckups in recent memory.

>>19556623
-It's important for investors to keep in mind that higher dividend yields do not always indicate attractive investment opportunities because the dividend yield of a stock may be elevated as the result of a declining stock price.

Assuming the dividend is not raised or lowered, the yield will rise when the price of the stock falls. And conversely, it will fall when the price of the stock rises. Because dividend yields change relative to the stock price, it can often look unusually high for stocks that are falling in value quickly.

all of these answers are on investopedia

>>19556323
Completely false and retarded. If you're too scared to average in during the drop, then you're too scared to buy in after the market has pumped back up to where it was earlier because you and most others expects a correction instead of it just keep on pumping. Using S&P as an example, if you started buying at the lows when that post was made your average would have been let's say 2900, then it pumped some before dumping again which is when you buy more, that would mean your average position would be around 2600-2650 or something in that range if you bought every 100 point dump. Not to mention that you compounded a lot aswell so your position will be much larger than the people that started buying in May. So you will have a much larger position that won't get "hurt" as much if you keep on buying every dip the market makes from now on.
Also, it's kind of funny how you can just say "look at April, if you bought there it would have worked out great in comparison". Well no fucking shit, but nobody knew that the market would pump from there... which is the point. It's easy to claim something after it happened and you know very well how bearish everyone was back then. For example, how much did YOU buy in April? Exactly, there you go

>>19555908
USA is on another level with their markets. Jesus Christ.

>>19556669
>all of these answers are on investopedia
can you give me one that isn't? I was already thinking they must be trying to pull investors with it but I'm more interested in info that might be specific to ivr specifically

>>19556661
boeing is more diverse than airbus though, that's all i really got but that makes it more secure long term.

>>19556671
i agree but DCA is still the gayest thing

>>19555908
what about oj?

>>19556063
You left me in this battle alone zoom put bro

>>19555492
Do you hate /smg/?

Well isn't that what your doing with your monthly 401k dumps, just DCAing in?. Yeah.. Nobody really thinks about that, they just make the monthly dumps and forget all about it till time comes to tap that wad when you retire.

>>19554901
There's literally nothing wrong with anime especially compared to the Jewish tripe you no doubt consume yourself.

>>19556671
>timing the market retard
Won't really bother with this
>Using S&P as an example, if you started buying at the lows when that post was made your average would have been let's say 2900
The very simple problem is "how much do you put in" and "what is your time frame". If it is too short, you have no capital left as it continues to go down. If it is too long then most of your capital is now tied up in the leg down and you have less to start with on the leg up. Only if you are just right do you have any chance of beating someone who waits for the leg up and does smaller time frames.
And you know what that is? Knife catching
>look at April, if you bought there it would have worked out great in comparison
The market straight was stuck from mid april to mid may. Even the most hesitant idiot could have gone in then or held cash if they really feared another "leg down". An average down retard would have had no option.
And yes, it is easy to be a month out from a dip and steady rise and say that maybe that big dip a month ago was the dip and not some retard a week in saying "the dip will END a month from now".
> For example, how much did YOU buy in April?
I do options to avoid bagholding entirely and make money on legs up or legs down. The point is that average down retards are extremely smug about being average down retards. DCAing makes sense for bull markets since most people don't have endless capital to invest at any point in time. And it isn't really for the advantage of price averaging but removing the tendency to micromanage yourself into a loss if you are on long time horizons anyway.

>>19556786
Adults don't watch cartoons manchild. Grow the fuck up.

Any div stock recommendations for next dip? Already have DOW chemical, RTX, MRO, WFC.

>>19556774
I hate shitcoin threads clogging up the catalog

Does anyone have the old dividend calendar that used to get posted here? Just quit my job and trying to learn about dividends

>>19554913
It was a market adjustment, no need to sell.
Slow and steady my friends.

>>19556151
What are options what is q3 what is the next penny stock pumping to 10 like gnus did this week
What are fda announcements
What are large companies making unexpected gains what are large companies making less gains

correction when?

I have enough of this market

>>19556711
im not sure what you are asking. they dont try pull investors, div yield is just a value.

you need to do your own dd/search and make evaluations. look at that 5day sector chart again. look at the top 5 sectors. then look into those sectors for top performers. those companies/etf will likely keep increasing in value as the market trend is currently on the upside from improved confidence.

then you can look for opportunities for things that havent quite mooned yet like IVR/MFA

>>19556151
Buy index funds on a preset timeline and hold. Don't even look at the value when you buy it, and never sell the dips. It's not sexy, but over time this will get you at least some gains vs. just holding cash. If you missed out entirely on both the dips you mentioned, you're probably not cut out for meme stock trading, so do boomer style instead (as long as you're investing on a 5+ year timeline). Make sure you have some exposure to either small or mid caps in addition to just the S&P, though, otherwise you might get Japan'd by this current moneyprinting.

A Y T U
Y
T
U

>>19556151
Bet on some biotechs
They can go from 20 to 20k per share in a day All based on fda results

I am thinking of buying some deep otm puts on tqqq, for July , is that too retarded ?

>>19555678
At 18. I invested in AMD when it was shilled here for 11.04

refute this

>>19556837
the only reason you've had enough is because you're losing money. The Fed is currently having a surplus on their repo operations because market sentiment is so bullush. You missed the di[

>>19556918
The bible is cringe and Trump is a shabbos goy.

>>19556942
>The bible is cringe
you've never read kjv

So what if markets dip on Monday because they were expecting an even larger extension to oil production cuts ?

>>19556918
>taking drumps advice on any financial matter after his many bankruptcies and fumbling of the national fiscal policy

>bible
based I guess

>Wealth of nations
boomer tier

>>19556918
any three books on Jewish law or Jewish mysticism ( written in Hebrew ) are better than those three if you want to make money

>>19556956
>>taking drumps advice on any financial matter after his many bankruptcies and fumbling of the national fiscal policy
and now he's president of the free world. cope harder faggot
>boomer tier
reddit argument
>>19556962
the core principle of of /biz/ is righteous investing and a path to spiritual and moral salvation not reddit kike tactics scribbled in squid ink on papyrus

>>19556918
Adam Smith is just the same Supply and Demand 101 over a billion pages.

>>19556951
???

>>19556474
why do people do this to themselves with gigantic position sizes? no wonder he lost hundreds of thousands of dollars, what a fucking idiot jesus christ.

>>19556990
>it's bad because of my brainlet reductionist interpretation of it
reddit post

china will collapse

>>19555678
28
After buying a house, getting a good job and paying off all cc and college debts

>>19556987
>and now he's president of the free world. cope harder faggot
and the president is a qualified financial office right :^) ?
you should read a book on his presentation skills, not financial advice you baboon

>reddit argument
boomer is a 4chan word too, but Wealth of nations is outdated and has been build on by MUCH more extensive texts. I have a degree in Economics and we barely even touch that book

>>19557012
>>19556987
>>19556949
>everything I dont like is reddit
what an absolute retard

>>19557058
>and the president is a qualified financial office right
not only is this true but even if it wasnt he could still will things into existence by merely thinking about them
>>19557058
>Wealth of nations is outdated and has been build on by MUCH more extensive texts
literally r*ddit-tier reaction to the classics

>go read steven king bro he's like a more updated version of homer
>>19557074
>everything i don't like
literally r*ddit speak

>>19556638
daytrading doesn't involve bagholding either though. every trade comes with a pre-defined risk and reward, even if it's dynamically based on indicators or some other metric the main point is you still have some way of knowing when you lose and cut your losses. i've lost money in the past going down the FA rabbit hole of "but this company is so good, i believe in it im gonna hodl!" and don't want to deal with that ever again, it's dangerous to my bottom line. it's just way easier to manage risk intraday due to the lack of gaps in non-penny stocks.

>opec agreed to extended supply cuts
so oil 50 on monday? is it actually happening

>>19557012
stfu nigger
did you even read it?
>king makes law that increases supply of x
>x price goes lower
repeated over and over when the reader gets the point ten pages in. I dont deny his work's importance but unless you're writtting some autistic thesis reading this one is a waste of time.

>>19557103
even Mexico?
Nice I kept my Hal long over the week end

>>19557058
>and the president is a qualified financial office right
not only is this true but even if it wasnt he could still will things into existence by merely thinking about them
>>19557058
>Wealth of nations is outdated and has been build on by MUCH more extensive texts
literally r*ddit-tier reaction to the classics

>go read steven king bro he's like a more updated version of homer
>>19557074
>everything i don't like
literally r*ddit speak

>>19555382
As long as you didnt take an accounting loss who cares? It's just capital gains, this shit has been this was since like 99

>>19557128
dude i have a 65k 16x leveraged futures position.. if this news actually makes oil go up even more
holy. fuck.

>>19557113
>>19557113
>did you even read it?
no, go back
>>19557138
show your respect to trump

>>19557159
>16x leveraged futures position
which one?

>https://www.bloomberg.com/news/articles/2020-06-06/opec-agrees-to-extend-output-cuts-as-quota-cheats-offer-penance
You DID buy calls EOD yesterday right anon?

>>19557159
Godspeed anon, godspeed.

>>19557180
this month

OIL

>>19557159
>16x leveraged futures
absolute unit

>>19556918
>the wealth of nations
I don't think many people have read this. The language is thick as fuck too. I'd rather be stuck reading East of Eden. The Alchemy of Finance or Theory of Games and Economic Behavior are probably much more appropriate.

>>19557012
It's ground breaking but half baked. Smith was smart but the book doesn't really have any useful modern application.

>>19557103
I'd continue exercising caution.

>>19557171
>he actually read the whole book
Autism

>>19557159
godspeed anon, i have x15 certs on wti but not enough to make any difference

>>19557008
>im looking at the chart
>apparently he made some money from around 8 to 8.50
>8.50 clearly showing as a resistance point, likely a good place to put a stop behind
>it drops below that towards the end of may
>floor becomes the ceiling, price tries to go up again but fails, should have got out here clearly
>next major support at 8, obviously making lower highs and lower lows at this point
>bounces weakly off of 8 before cracking below it
>this dude just fucking hodls this whole time

seriously? this is some of the most basic shit you can do and he couldn't even do that, while also trading on margin? literally and i quote "and you just keep thinking, maybe it'll go up, maybe it'll go up starting now, maybe next week... it never really recovered after that" my fucking sides dude, wow. no wonder why over 90% of traders fail.

>>19555678
21, after seeing this shit going down in the stock market I thought why not get in on this shitshow. I took too long and missed the first month of the bullrun and didn't put up all my capital immediately.

>>19557103
I'm gonna coom I swear to fucking god

>>19557233
>x15 certs on wti
that's basically the same fyi

Kek, top positions in terms of share count out of 16 total.
DAL (290)
GE (60)
T (52)
SWPPX (31)
SWTSX (33)
DIS (14)
KO (10)

>>19557255
>all in month dated calls
IM GONNA IM GONNA

CCCCCOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

>>19556790
>Won't really bother with this
Because it's not timing the market when you pre-plan areas to buy at..

>you have no capital left as it continues to go down
Again, planning. It's not like you sit on 10k and randomly places numbers all over the place until you run out of cash and even if you would split up the entries more to every 290 points (so every 10% drop from 2900) for example, your average would still be better than the people buying later on and after that you can simply just deposit monthly or whatever and compound your position.

>An average down retard would have had no option.
Yes they would have, they could have sold for an actual profit or bought more.. whatever the fuck they wanted.

>Even the most hesitant idiot could have gone in then or held cash if they really feared another "leg down"
But they didn't as you can see, not to mention that if they bought in late April and the market decided to crash again rather than keep on pumping up they would have panicked because they thought they bought the top... so what then? Sell for a loss and buy again at the new local top that will come later on? You're basically saying that it's better to buy the local top in hope that the market keeps on climbing, I don't see where that logic comes from. With a plan you could easily average down your position for the duration of a major correction/recession without running out of money, as long as your goal is long term holding.
I agree that there's better ways to do it.. but for people that barely knows what they're doing and are lazy, DCA'ing and later on auto-deposit money every two weeks or month into your position will outperform most people in the world of investing

guys i apologize for calling you all reddit a few posts ago. the truth is i've never read any of those books. anyway, now that the apology is out of the way. i have an investing question. i put a few k's into a non-leveraged oil ETF late april. i was wondering how i can switch those investments into a leveraged ETF without buying in NOW

i want to retroactively relocate my current investment into a bland, soft, reddit-core OIL etf into a 10-20x leveraged one, is there a way to do that without buying at the current price?

>>19555908
The market don't give a shit about stuff that doesn't effect trade.

>>19557291
>relocate my current investment into a bland,
relocate my current investment FROM a bland,*

>>19556951
The market already priced in these cuts what makes you think it will dip
Maybe a slight dip from people taking profits on Monday maybe Tuesday but that’s it

oil cuts please don't be priced in oil cuts please don't be priced in oil cuts please don't be priced in oil cuts please don't be priced in oil cuts please don't be priced in oil cuts please don't be priced in oil cuts please don't be priced in oil cuts please don't be priced in

>>19556800
Cringe ... kys.

>>19557257
cfds?

Lads we have to get shitcoins off this board

>>19557370
like futures i mean, the certs are the same thing as the underlying futures, you don't miss out on anything

Also, Cedar point is scheduled to open on June 16th. Get your FUN stocks Monday morning and hold on

>>19557285
Wew lad way to go.

>>19557369
Imagine... this is the type of creature that what find the reality of adults not watching cartoons cringy.

>>19557391
agreed, they are absolute cancer.

>>19557286
>Because it's not timing the market when you pre-plan areas to buy at
And what do you base those "pre-planned" areas off of? I have a feeling I am talking to a fibonacci memer.
>Yes they would have, they could have sold for an actual profit or bought more.. whatever the fuck they wanted.
"Fashionably late" means that if any subsequent downturn happens you are more likely to have cash in hand. If your time frame is "too short" for averaging up then you sell your biggest winners to purchase more and ride it up. Down means you always have less money because you hope for incremental gains.
>But they didn't as you can see, not to mention that if they bought in late April and the market decided to crash again rather than keep on pumping up they would have panicked because they thought they bought the top... so what then?
This isn't a logical argument. If you want to know why the market was stuck for a month it was precisely because people with real money already know you want to start on the ride up and not hope to ride the wave down.
By the way, averaging down is also implicitly built on an assumption that prices will return or continue to climb. You are exposed if that doesn't happen for years or if ever as has happened to many economies in the world already.
> but for people that barely knows what they're doing and are lazy, DCA'ing and later on auto-deposit money every two weeks or month into your position will outperform most people in the world of investing
I don't think I will make much headway here. You are not nearly as smart about this as you think you. For any lurkers reading this, don't do it. I personally have relatives that got hosed trying to "average down" the dip in 2008 and it took years for them to dig out of that pit. I understand the appeal of the bottom if you don't have much money but smart money doesn't do it to preserve capital and neither should you.

>>19557419
But motley fool told me to avoid cruise lines and amusement parks like the plague. Ironically the plague cant avoid them ayy lmao

>>19555908
You could just as easily do a chart showing it gaining after positive events though, what an irrational crock of shit

>>19556474
What he says about the news is very true. That's why you can never trust the monkies. Like with Gnus last week running 2,000%. Shit didn't start getting any press till it already was at $11 from .70¢, so reading the news is pointless because by the time some journalist or analyst writes something is already too late.

Although price targets from analysts with clout are decent to create FOMO for big stocks but not with penny stocks. With penny stocks is better to stalk message boards, their twitter accounts and sudden volume spikes during After Hours and Pre Market. This is when insiders tend to start buying blocks of shares at a time and this is when you have to get in, so when you notice those weird volume spikes that's a signal that you might want to buy in some shares. And is not like you have to gamble a lot either, just 100 shares of a .50¢ penny stock it's only $50, and after it runs to $1 the next morning that's $50 you turned into $100 in just a few minutes... This is the charm of penny stocks when trading with little money.

A recent example of this, VISL ran from .60¢ to $1.65 in just 1 morning session. And it was all telegraphed during after hours and pre market, the company was even teasing on social media what was about to happen... Of-course you won't notice if you're on a shit platform like Robinhood with no real time data and limited trading hours. I can already start trading pre-market on TDAmeritrade at 5:00AM but Robinhooters won't have access to anything till 8:00AM. Which mean I can buy cheaper and dump too before Robinhooters start realizing they're are getting shat on.

imagine if this oil cut squeezes the absolute shit out of all shorts on monday and makes it moon to $60 or something else absurd

Just opened an account on basically UK ver of robin hood lads
Looking forward to throwing all my money down the toilet

>>19557457
s/r is legit but fibbonacci is so fucking stupid and meaningless. s/r are actual areas on the chart where buyers and sellers are consistently coming in to reject price from going further, and it's less about 100% win rate or some shit, and more about how they offer the best risk vs. reward ratios. fibb shit doesn't matter, mostly just 50% and 100% retracements matter.

a lot of this stuff is about self fulfilling prophecies btw. the reason why this sorta stuff works is because everyone believes it does and thus trades based off of it. algos are written to play off of pivot points, no one gives a shit about some magic number 69.23607982376 or something.

>>19557490
also need to be wary of short scammers like Citron and Hindenburg. These target penny stocks after they have ran massively and start spreading negative press to make the stock's price fall. They did it to CODX and Gnus. Every time a penny stock runs big these niggers come out of the woodwork with their fake news and manipulation.

>>19557511
huffing hopium at this point anon

>>19557532
If it jumps to 50 though my tiny energy company gonna jump 20% every day this week

>>19557532
just let me dream ok

>>19555678
Grandma was quite generous and opened a portfolio for me when I was 9. I didn't start seriously looking at and adding to it till i was 25 though.

>>19557511
Hopefully the opec news keeps us from going red tomorrow

>>19557518
Good luck!

>>19557579
I'm gonna do something like that for my heirs. Leave them my long term holdings. But I'll fix it so they can't just sell the whole nut right out the gate when they get the keys either.

>>19555678
35. This April.

Pride will ruin me. I risk bankruptcy as I'm buying individual stocks instead of safer ETFs because I'm too stingy to pay management fees.

Thinking about buying some TQQQ Monday if it's low
But aren't we near NASDAQ ath? Am I a retard for wanting ETFs right now? What ETF should I be buying instead?

i have to know, are there any retards still holding SQQQ, SDOW since march? How much did you lose in leveraged ETFS before you realized what they were?
i got in at 24 and 55 respectively. got out last month after a 300$ month. about to make it back after Pump n Dump pink slips.

>>19557518
welcome!

always remember, buy high, sell low

can't wait to go to sleep sunday after looking at blood red futures

https://oilprice.com/Energy/Oil-Prices/Drilling-Executive-Oil-Prices-Could-Hit-70-This-Fall.html

OIL $70 A BARRELL BY FALL
>OIL $70 A BARREL BY FALL
OIL $70 A BARRELL BY FALL
>OIL $70 A BARREL BY FALL
OIL $70 A BARRELL BY FALL
>OIL $70 A BARREL BY FALL

NoOilers still have cheap entry imo.

>>19557635
I'm the same, anon. It won't bankrupt you though if you go with good quality stocks.

Post portfolio.

>>19556837
In a few months or maybe a couple of years. Corrections do happen. This market is no exception. But don't expect a total collapse back to 19k levels.

>>19557635
Pride is literally for faggots this millennium. Self-esteem is for professional victims, dignity is for needy women. Self-worth is for complacent failures. An effective person considers ability, whether their own or someone else's, not pride. All of the failures of the last three generations of conservatives, giving away their children's futures, have been due to pride and cowardice.
Don't complacently comment that you're so Machiavellian and self-aware about your own hubris; curb it. If you have time for music sad boy rambling you have time to grow up and come to terms with letting specialists nibble at your earnings rather then crucifying yourself and letting the government devour your buying power through relentless artificial inflation.

Was that the pep talk you wanted anon?

>>19557734
I nearly bought some Shell on Friday too.

>>19557734
Already up 60% on USO

>>19557734
I’m going to buy multiple harpies girls at this point.

>>19557476
MF only recommends long term holds, cruise lines/airlines/travel are a short term play

>>19557635
stop gambling your money away into shit you know nothing about. DD is better than T.A. by far.
>inb4 why
because if you read a bullish T.A. with nothing to back it up, it could take a huge shit as the company has no value.
If you see a bearish T.A. but the company has great eps, no debt, liquidity, then you can safely DCA knowing the actual book value of each share will go back eventually.

>>19557734
i won't be able to sleep tonight. or tomorrow. holy fuck holy fuck

How is UFO as a long term investment?

>>19555238
based GUSH holder

>>19557518
Freetrade?

Hold for the long term, lad, and cost average.

Don't get spooked if a stock you buy goes down significantly.

>>19557734
>yes goy wells turn off and on like switches
Don't disagree with the quoted experts, but the article is written in a way that implies it's a bunch of bullshit

>>19557797
What if you put like 60% into DD positions and the other 40% into TA positions?

>>19557797
the shorter the time frame, the more important TA is. the longer the time frame, the more important FA is. if you really think TA is shit and FA is the way to go and "better by far" then i hope you enjoy large drawdowns waiting for your stock to "go back eventually".

>>19557734
RDSB
D
S
B

>>19557830
idk i never tried it. I only buy shit that i really look into so even if it dumps on me i can average down, and wait till it goes back up.

>>19557830
if you're not using F.A. as a basis before a T.A. you're gambling. have fun buying something that will never recover after it doomps on your chest.
Everystock i've ever sold for a loss has rebounded past my break even point. I sold at a loss on sound companies when all i had to do was wait.

I set all my stop losses to trigger as soon as I lose any tangible profits. Im up so huge at this moment I don't care, Im too greedy to ever cash out so ill let the market cash me out if thats what its will is for me

>>19557734
>tfw up 200% since march
>tfw another 200% left
bless your heart anon

>>19557915
>muh hindsight
ngmi

need a sweaty gf to give all of my bizbux to

>>19557959
Does a stop loss trigger in the premarket?

>>19557959
Then what? You could end up sitting on the sidelines for years waiting for a good entry point.

>>19557915
all FA really does is tell you whether a company is good or shit, but that's also often reflected in the stock price as well. ultimately everything is reflected in the price and volume. at a minimum TA should be used to tell you what a good price to buy in at, if you just go "lmao this is a good company im just gonna buy it now blindly" you're an idiot and deserve to lose money. the most important part of trading is risk management.

>>19558004
Thats ok, I mean most of my stocks have to drop 20 percent or more for the stop losses to be triggered. If that starts happening than the market is crashing and Ill have a bottom to buy soon probably

>>19557915
>gambling
I like doing that with some of my money. A major part of why I do this is because it's fun.

>>19558007
>"lmao this is a good company im just gonna buy it now blindly" you're an idiot and deserve to lose money.
that's why DCA.

>>19558021
I should add that I firmly believe that there is going to be a huge rug pull crash on this bull run so Im worried as hell about my gains

>>19557903
>>19557734

>tfw I have 300 shares

>>19558021
Exactly, I typically use 16% or more on my investments. 5% is to easy to trigger right now.

>>19558022
i'm all for gambling. I fucking love it. Minimize the risk though with a quick google search of the company's latest news, future prospects, book value, previous earnings, upcoming mergers or acquisitions, and contracts to buy common shares.

>>19558046
me fucking too. wondering when to buy some sqqq and sdow

>>19557816
I shouldn’t have sold my gush
It was crabbing hard for months and got sick of that

>>19558031
you might just end up compounding your losses or having to wait a really really long time to get back to just break even, but okay you do you. i'd rather have a strategy that i know is going to work more often than it doesn't and just cut my losses quickly on the times that it doesn't work. DCA is probably okay though if you're only picking really safe companies and really spread out your DCA'ing, planning on hodling for potentially years at a time.

>>19558123
>>19558123
>>19558123

>>19558123
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>>19558123
>>19558123
>>19558123

>>19558123
>>19558123
>>19558123

>>19558123
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>>19558123
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>>19558123

follow

>>19555590
oil could go down if OPEC doesn't agree to extended cuts

>>19558161
THey just agreed to extend it this afternoon dummy.

>>19558121
Yeah, i would not recommend this for something that is extremely volatile.
what's your strategy. read a bullish T.A. wait for a dip while the trend is consolidating and set a bunch of trailing stop losses?

you're right, my strategy means i'm in the negatives for a while sometimes. that's why they call me "Las Manos Diamantes."

>>19555678
28 when I bought my first stock in 2015.

Lost about $35k over the next 4.5 years trying to make gains on oil and cannabis mostly through looong buy-hold. I was still bagholding at about -75% when the 2020 crash happened, bringing my losses further down to like -90%. I saw the news about the Saudi/Russia trade war at least a week before oil plummetted, but I wasn't proactive enough to sell my bags. My mistake.

I've been making some gains during the recovery, mostly by adding more cash to my accounts to buy low which has paid off some, but I haven't recovered nearly enough to offset the old losses. During most of the last years I didn't spend much time watching/learning about the market because I was too busy/tired with work, but I recently quit my job and have devoted a lot of time to reading and learning, so I feel like I'm in a better position going forward.