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/biz/ - Business & Finance


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>> No.19542562

>>19542554
first for SPY 330 by Jul 1st

>> No.19542578
File: 98 KB, 1056x620, climax hotel.jpg [View same] [iqdb] [saucenao] [google]
19542578

Second for /smg/ has best OC

>> No.19542600
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19542600

First for this melt up has no brakes, I'm all in baby let's see where this goes

>> No.19542614

>>19542554
I'm hodling airlines with 63% gains, it's too good to be true, I am not gonna get Boogged right?

>> No.19542621

Reminder; If we get a 2nd wave of infections and another nice dippy to load up while the getting is good. Also gold etf's may be a smart play cause golds taking a shit now.

>> No.19542624
File: 126 KB, 1080x1920, Screenshot_20200605-131315.png [View same] [iqdb] [saucenao] [google]
19542624

>>19542554
>IT'S NOT FAIR!!
>WHY DOES HE GET 2 SCOOPS?!

>> No.19542632
File: 67 KB, 1280x720, 124162727.jpg [View same] [iqdb] [saucenao] [google]
19542632

I FOUGHT THE FED AND THE FED WON
I NEEDED MONEY CAUSE I HAD NONE
I FOUGHT THE FED AND THE FED WON

>> No.19542633

>>19542614
NIGGA WHY WOULD YOU HOLD WITH EVERYTHING TRENDING DOWN

>> No.19542634
File: 104 KB, 921x1000, 1578551199714.jpg [View same] [iqdb] [saucenao] [google]
19542634

how long will we be able to hold the prices?

>> No.19542641
File: 50 KB, 825x550, xom.jpg [View same] [iqdb] [saucenao] [google]
19542641

>>19542525
In the long run oil stocks are really just good for the divvies anyway, don't sweat it.

>> No.19542642

>>19542614
just sit in them long. we havent even started to see gains yet with the airlines.

>> No.19542647
File: 48 KB, 700x734, proretard.jpg [View same] [iqdb] [saucenao] [google]
19542647

Did anyone else hold on to AAL and watch their gains evaporate throughout the day?

>> No.19542669

>>19542614
Hold strong. We ain't nowhere close to the highs yet. If a nice dippy happens, buy more and be glad. (DAL's high is 63)

>> No.19542675

>>19542647
if something is too good to be true, it probably is not true. not all the time, but most of the time.

>> No.19542683

>>19542647
No i sold ath and will be buying in again at 14 on Monday

>> No.19542696 [DELETED] 
File: 252 KB, 1440x1544, Screenshot_20200605-134018.jpg [View same] [iqdb] [saucenao] [google]
19542696

So what now? Hold? Sell?

>> No.19542709

>>19542647
Lost 10k not selling the first hour but still did well. Have fun this weekend, next week is new paradigm tier gains

>> No.19542715
File: 18 KB, 334x286, 13682361920.jpg [View same] [iqdb] [saucenao] [google]
19542715

>>19542647
No, I all of my AAL yesterday. Will get more in the near future.

>> No.19542716

>>19542647
stop orders dummy

>> No.19542720

I wonder what happen to those who bought puts on AAL yesterday...
LMAO!

>> No.19542723

Noob question. Iv got an AH buy that is above ask at this point and it's not being filled? Order is pending not queued so what gives?

>> No.19542740

>>19542720
>what happen
Do i really need to post bestgore links?

>> No.19542741
File: 1.60 MB, 327x251, 1588934744125.gif [View same] [iqdb] [saucenao] [google]
19542741

Any TSX chads here?

Red or green I'm throwing all my milk money at HFU next week.

>> No.19542742
File: 152 KB, 848x886, 1585853117570.jpg [View same] [iqdb] [saucenao] [google]
19542742

wakey wakey

>> No.19542745
File: 103 KB, 921x1000, 1563316468520.jpg [View same] [iqdb] [saucenao] [google]
19542745

>>19542669
>we're going back to ATHs
those bags might get very heavy. make sure you'll be happy if you're stuck with them.

>> No.19542761

>>19542723
The markets are closed.
Go back to sleep.

>> No.19542777

>>19542554
What are your best office supply picks?

>> No.19542778

How can I see weekly gain on Fidelity? I only see daily % (which is 5.64% for me)

>> No.19542810

>>19542742
Bobo posting is just retarded shitposting at this point

>> No.19542815
File: 1.23 MB, 2350x3325, __darjeeling_girls_und_panzer_drawn_by_tegar32__db20fccdfe41c22d09ddac246f974901.png [View same] [iqdb] [saucenao] [google]
19542815

fuckin hell

Everything sucks and I've been in this game for over a year and learned nothing, earned less than nothing.

I earned this nice cup of what I deserve.

>>19542745
nice OL

>> No.19542816

>>19542761
That's fine and all for the NYSE but I'm trading extended hours on eTrade. Theres still active depth and I've purchased pre-market before with them.

>> No.19542823
File: 29 KB, 512x422, 1558036618463.jpg [View same] [iqdb] [saucenao] [google]
19542823

>>19542554
Why split?

>>19542512
>>19542512
>>19542512
>>19542512

Was made 2 minutes before this thread was made

Get in here
>>19542512
>>19542512
>>19542512
>>19542512

>> No.19542846

>>19542816
pre-market is not the same as after-market.

>> No.19542880

Why the fuck is some fucking car rental company blowing up, who gives a fuck about renting cars ever, let alone rn

>> No.19542896

>>19542614
yeah, I think there is too much hopetardation around airlines so watch out for sharp corrections. Just keep in mind that when they were burning cash all this time and the damage has been done to some extent

>> No.19542908

>>19542880
They also rent trucks.

>> No.19542927

>>19542880
hertz going bankrupt so less competitors for remainig?
no idea, I don't pay attention to that sector just a wild ass guess

>> No.19542955
File: 358 KB, 1901x2684, 80764947_p0.jpg [View same] [iqdb] [saucenao] [google]
19542955

>>19542823
>same political cartoon for the hundredth time
No thanks.

>> No.19543002
File: 220 KB, 890x905, you didnt listen.jpg [View same] [iqdb] [saucenao] [google]
19543002

>>19542880
Hopium just like this entire market. Bubble will be popped soon.

>> No.19543014

>ZM puts expire worthless
Of course. Because fundies are real right. Totally. Honk honk honk.

>> No.19543065
File: 76 KB, 785x731, 1245161711712.jpg [View same] [iqdb] [saucenao] [google]
19543065

>>19543014
>NNOOOOO YOU CANT DO WHAT I DIDNT WANT YOU TO STOCKS CANT GO UP BECAUSE I SAY SO NOOOO CLOWN WORLD

>> No.19543087

What are you best office supply picks for long term stability?

>> No.19543107
File: 361 KB, 780x770, 1591344868530.jpg [View same] [iqdb] [saucenao] [google]
19543107

AMD, INTC, QQQ AND MICROSOFT UP.

>> No.19543121

HAHAHHAHAHAHAHAHHAHAHA
*breathes in*
HAHAHHAHAHAHAHAHHAHAHA

the headlines are so fucking hilarious.
>ALL economists got it all wrong
>unemployment is a mere 13.5%
>dow +3%
This V-shaped recovery is as mysterious as this stupid virus. I don;t get it but I am glad that everyone else was wrong too.

>> No.19543182

((( 19543065 )))
>P/E normalized - mry 2459.37
>EPS normalized - mry 0.08
>price to book - mrq 100.2

>> No.19543188

>>19543121
I wasn't wrong. I bought stocks in all the sectors retard bears told me wouldn't recover, at least not for four years.
I was right and I made money being right, and it's common sense that when people go back to work the market will follow back up to normal.

>> No.19543268
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19543268

>>19543121
>everyone else
retarded normies thinking it would be the apocalypse, perhaps

>> No.19543430

>>19543121
>>19543188
I don't watch TV. I just google raw data. Any talking heads on TV are paid liars.

>> No.19544267

>>19542823
faggot OP didn't link it any other thread

>> No.19544299
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19544299

>>19542647
No

>> No.19545142
File: 239 KB, 880x798, 351-3513840_329-kb-png-pepe-the-frog-clipart.jpg [View same] [iqdb] [saucenao] [google]
19545142

>>19542927
But Hertz stock IS the one that blew up

>> No.19545152
File: 548 KB, 936x1407, 1591194630802.png [View same] [iqdb] [saucenao] [google]
19545152

>>19543002
Cope

>> No.19545175
File: 51 KB, 1177x886, une.png [View same] [iqdb] [saucenao] [google]
19545175

Is anyone else freaked the fuck out at this actual V recovery?
You mean to tell me there's really no lingering effect of having suspended economic activity for a whole quarter? Everyone knows it's damaged
It's like when a person is unconscious for five minutes, wakes up, but they're brain damaged now
>>19543121
>a mere
This is kinda what I mean though, that's not good dudes
Pic related
Like sure it was a huge miss from the 20% estimates but it's barely a notch lower than last month

>> No.19545183

>>19545142
pileup pump of robin hood accounts apprarently
someone big holder lost 1.8 bn after selling, cheezus

>> No.19545200
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19545200

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.19545210

>>19545175
What part of BRRRRRRRRRR do you not understand?

>> No.19545213

Tbh goys if what I'm hearing from the streetz is true this jobs bump is just companies who were on a hiring freeze coming off the freeze

>> No.19545221

>>19545200
How though. Did he just straight up trade options?

>> No.19545226

>>19545175
>You mean to tell me there's really no lingering effect of having suspended economic activity for a whole quarter?
Does the economy tank every night because most people go to bed?

>> No.19545246

>>19545221
If you lose that much on options you probably don't deserve that money in the first place tbqh

>> No.19545254

>>19545221
https://www.youtube.com/watch?v=6rXwXZ7vBzw
I didn't bother watching the video, just thought the frame at the 0 seconds mark is an accurate representation of his maximum financial JUSTing

>> No.19545264
File: 197 KB, 773x1000, monetary policy.gif [View same] [iqdb] [saucenao] [google]
19545264

>>19545210
This too
It wasn't just rates, it was reg D and CC and the reserve ratio and main street ops.
Literally blew their whole load trying to salvage the ship
Was it for the better? Who can say yet
>>19545226
Your rent isn't due every night. It's the liquidity problem that when extended becomes a solvency problem.

>> No.19545289

Imagine being an institutional investor and getting absolutely BTFO by a bunch of poorfag Robinhoodies.

>> No.19545295
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19545295

anyone else fall for the diaperchad meme that was being pushed here over the past few days?
please don't tell me in the only one...

>> No.19545296

>>19542742
It's over Bobo. I was like you once, but I have since learned that socks only go up and Iaccepted that I missed the bottom. I bought, and remain unbogged.

>> No.19545305

>>19545264
>Your rent isn't due every night. It's the liquidity problem that when extended becomes a solvency problem.
Which brings us to which part of BRRRRRR
do you not understand? Imagine if you had to pay rent while you slept but the government did instead.

>> No.19545324
File: 1.52 MB, 1200x675, 1591284453154.png [View same] [iqdb] [saucenao] [google]
19545324

>>19545289
Imagine wearing adult diapers and suffering from senility.

>> No.19545330

JCP Chads where you at.

Literally going to make it!

>> No.19545340

>>19545175
Now plot M3

>> No.19545366

Also, where are all the fags that were talking shit about F and GE being meme picks? Quite the meme now huh?

>> No.19545367
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19545367

mumus btfo by boomerchads

>> No.19545387

>>19545175
your graph makes me feel more optimistic. i didn't know the unemployment was 10% in 2010. it is 13.5% now. not that big of a difference. true it is a recession but hardly a great depression with bread lines. plus we need to observe the dynamics. if we avoid a massive 2nd wave which is likely despite the protesting crowds since the high risk groups are paying attention, more people will return to work and we can get back to 7-10% levels.

>> No.19545441
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19545441

>>19545367
I remember watching some grey haired boomer "investor" on youtube panicking over the chinese cold weeks ago and shilling bitcoin and other brainlet fodder peddled on /biz/. Some people on /smg/ sound like hysterical boomers.

>> No.19545458

>>19545387
Not to mention I saw a headline on bloomberg TV this morning about how huwhite unemployment went down and jogger unemployment went up.

>> No.19545461
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19545461

Is this a robinhood options glitch or am I offing myself monday morning?

>> No.19545463

Anyone here /leafstocks/? WCP is looking bullish for the end of covid, and is cheap as fuck still. Im up 532 leaf dollars rn, feels comfy man.

>> No.19545479

>>19545461
JUST

>> No.19545486
File: 40 KB, 1170x434, m3.png [View same] [iqdb] [saucenao] [google]
19545486

>>19545246
>>19545221
I suffered so you don't have to
He bought bitcoin and didn't sell the highs
>>19545305
Government has no significant organic revenues, they're buying it with your credit card
>>19545340
pr
>>19545387
We're edging against the previous highs from when unemployment was sub 4
This isn't GD tier, it's worse than in numbers terms, but less systemic than 08, it's basically artificial with some actual side effect damage
Also that is a pretty chungin difference
Even 8.5% is not good per se, not ideal, not the kind of thing you optimistically smash records over
>>19545441
It kinda makes sense I guess when you look at the market post 1995, it's all pretty wacky if you grew up in ye olden days when things were more muted
Old age also generally increases risk aversion

>> No.19545497

>>19545175
Wow it's almost like unemployment already bottomed out at a rate that is way better than expected and is already starting to go back down. You're an insufferable idiot, that graph only works against your lizard brain comment

>> No.19545506

>>19545461
Not your screenshot, stop baiting for you's faggot.

>> No.19545512

>>19545463
I'm running out of money to throw at TSX and at this point I'll throw everything at HFU to maximise loonie gains. I'd sell my cat which I never had.

>> No.19545520

>>19545486
I watched the video briefly and he talks like he's trying to explain investing to a toddler.
Do people really watch that shit?

>> No.19545521
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19545521

I dreamt that the stock market crashed next week.

>> No.19545529

>>19545497
>another future teller
Try to detach your emotions from money schweaty

>> No.19545562

Waiting for Monday is going to be painful.

>> No.19545587

>>19545562
Don't tell me you left your money in over the weekend anon

>> No.19545593

>>19542641
I have heard that dividends are a value trap. Do you know what the argument for that is?

>> No.19545596
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19545596

>>19545200
>Another nigger-panderer

>> No.19545601

>>19545562
Invest your free time from the market into learning and listening to podcasts of people who made it.
Not boomers like Buffett, Anton Kreil for example.

>> No.19545605

>>19545486
>>Government has no significant organic revenues, they're buying it with your credit card
They're buying it with inflation and I'm quickly getting rid of cash.

>> No.19545617

>>19545562
No, I'm just eager to see next week's results.

>> No.19545634

>>19545529
I only stated facts that have happened. Did you even see the monthly jobs report that came out today or are you so blind by your cope that you ignored it? Jobs were gained in the month of May, a clear indication that the worst of unemployment is behind us. Keep crying that everything is damaged and the stock market should be dropping hard right now

>> No.19545653

i chose a good week to all in on Oxy.

>> No.19545710
File: 53 KB, 525x700, 1590966284697.jpg [View same] [iqdb] [saucenao] [google]
19545710

no stocks
no futures for 46.5 hours
the pits of despair

>> No.19545755
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19545755

>>19545605
Fair enough
>>19545634
No, that's what I've done ITT, you called a bottom a month (one single data point) after the low
Ofc jobs were gained, hiring freezes are thawing and certain industries got into phase 2. There's still a shit ton of unemployment left to contend with and lots of actual firms that don't exist anymore
You think I'm mad or something, I've been buying the entire time. I am however alarmed at how quickly we just brush aside the numbers like nothing happened
That's not based on hopes and dreams like your thesis, it's based on the actual current condition, which friendly (friendly) reminder is still way the fuck up here

>> No.19545765
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19545765

>>19545710
I see you are a man of culture as well.

>> No.19545766

>>19545512
whats HFU lookin like anon, i got an extra 1000 leafbux laying around.

>> No.19545767
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19545767

>>19545175
>MFW I hit my head on a cabinet and knock myself unconscious, wake up 5 minutes later with brain damage.
You have to have all oxygen to the brain cut off for damage to occur. Maybe the real brain damage was the friends we made along the way.

>> No.19545797

W, V, J, whatever.
Corporate profits are now even worse than 2018. You won't have to wait another decade for the next big crash.

>> No.19545824

THANK YOU BASED ANON FOR TELLING ME TO BUY MRO AT $6 I AM EUPHORIC

>> No.19545843

And also that you notice unemployment takes a bit of time to recede, even when the approach is swift, job creation, the hiring process, all that takes time in the real world. You can see it here >>19545175
So I'm not coming at you with some ogre meme I am questioning the timing of having now valued companies like the economy is at x when it's at x+10 and won't hit x again for years if history holds true

>> No.19545861

>>19542614
Similar situation here too. I got a target I wanna reach and I ain't selling before I hit it.

>> No.19545863

Is it better to invest or send money directly to student loans?

>> No.19545865

>>19545441
They listen to doomsayers too much, being retired with nothing to do.

>> No.19545872
File: 806 KB, 1001x823, wojak relief.png [View same] [iqdb] [saucenao] [google]
19545872

>>19545767
>tfw jerome comes thru with that breathing tube

>> No.19545874

SPY could increase 1000% and KR would be either flat or -1%.

Slightly worried about my $1k KR calls earnings gamble.

I choose to tell myself I was just a little early.

>> No.19545877

>>19545863
Why would you ever take out student loans anon

depends on when you have to start making payments.

>> No.19545907

>>19545755
You know the market is not necessarily a reflection of the economy and is forward looking right?

>> No.19545910

>>19542647
Nope, I bought at $12. I've been in the red for a couple months. Feeling pretty good about AAL right now.

>> No.19545921
File: 203 KB, 1080x2340, Screenshot_20200606-094645629.jpg [View same] [iqdb] [saucenao] [google]
19545921

Friends. Is this a risk? Or potential gainz

>> No.19545926
File: 102 KB, 315x315, 1587105898312.jpg [View same] [iqdb] [saucenao] [google]
19545926

I only came up with 4 decent plays for covered calls next week. These are really volatile stocks that probably have small upside and much higher downside, so adjust your strategy accordingly. These calculations are current as of close on June 5th.

Ticker, Price, Rating, Strike, Premium as % of current price
PLAY 18.89, Bearish, 19.0C 12.4%
GME 4.14, Bearish, 4.5C 7.2%
CHWY 48.44, No rating, 48.5C 6.4%
PLCE 52.16, Bearish, 55.0C 5.7%

>> No.19545935

so if a loan officially becomes non-performing after 90 days of nonpayment, and its been about 80 days since the bottom, should we be expecting a wave of defaults to hit soon?

>> No.19545941

>>19545863
Loans if your interest is higher than your expected gains, and that's probably true if you're just starting out

>> No.19545963

>>19545935
Shhhhhh dont mention the debt crisis, they will just call you dumb.

>> No.19545964

>>19545907
Question of how far forward looking is appropriate.
Looking really far, we should be at SPX 10k since it will be there someday anyways
I am well aware of time value I am just not thinking the value is consistent with what the actual results will be in a reasonably foreseeable time

>> No.19545986

Even better option is not falling into the debt trap to start with. College is a joke now. Everyone's got a degree in "something" now. HR types don't even blink when it says on your application "college graduate". Online colleges of all types have sprung up. Use that shit and the joke college degree system to your advantage. Get yourself one of those "paper mill" degrees w/transcript. Cost you maybe $500 or $1000. Long as you don't aim for the stars job wise right out the gate and long as you act like you know what the fuck your doing no one will give two shits where you went or how you got your degree.

>> No.19545997

I have no idea what I'm doing and I'm wondering if I should sell CURE?

>> No.19546008

>>19545935
Lmao how is bankruptcy even real like nigga just print more money hahahaha.

>> No.19546009
File: 215 KB, 1244x1208, Screenshot (1530).png [View same] [iqdb] [saucenao] [google]
19546009

friendly reminder that the top10% lists are absolute gold mines for theta gang.
premiums at 30% covering cost.

>> No.19546013

>>19545863
>>19545941
Paying off a loan is always the best investment because its guaranteed net positive for you. The market is not guaranteed gains. When you pay off a loan, 100% of the money you put it saves you that much interest. Putting money in the market could go up or down.

>> No.19546028
File: 169 KB, 1440x810, 1590508522025.jpg [View same] [iqdb] [saucenao] [google]
19546028

What are some good fast-growers?

>> No.19546029

>>19546009
up 15% from theta strats this week. volatility is your fren

>> No.19546038

WHAT AM I SUPPOSED TO DOOOOOOO FOR THE WEEKENNDDD AHHHHHHHH

>> No.19546047
File: 1.32 MB, 856x1173, 1587483766268.png [View same] [iqdb] [saucenao] [google]
19546047

NASDAQ on 10,000 when?

>> No.19546062

>>19545935
delinquency data isn't really out yet as far as I can tell
I know anecdotally that financial institutions have been doing a lot of deferrals on all credit types, haven't really noticed as much pain as expected here except for in the initial stages when people had just been laid off or fired. Can't say for credit cards though, which ofc is where a lot of the risk is. But with the rates now starting from about 3 in quality consumer credit I wouldn't expect it to be that bad desu
There's a lot of can kicking but kick it far enough and it's probably alright

>> No.19546066
File: 94 KB, 1156x388, 163457483.png [View same] [iqdb] [saucenao] [google]
19546066

>SPY overlay on FED QE starting from Feb
What does this chart mean?

>> No.19546073

>>19545907
The market is not forward looking, it's speculative. There is a big difference. What we have now is a combination of:
A. Huge hope that q3/4 are okay and 2021 is back to normal.
B. Fear of missing out.
The FOMO will fade and we'll likely see a dip as people take profit. The hope will last until we know what the next stimulus will be. If it's good, hope will remain until q3 earnings. If good, etc.

>> No.19546090

>>19545843
Fed pumped a gorillion dollars into the market. The values we are seeing now are already hyperinflated. We've retraced to the ATHs in name only and still have a long ways to go to hit parity with pre-March levels. The jobs numbers were manipulated as all fuck though.
>Here is what the BLS said about adjustments to the household survey as a result of the Coronavirus shutdowns:
>If the workers who were recorded as employed but absent from work due to "other reasons" (over and above the number absent for other reasons in a typical May) had been classified as unemployed on temporary layoff, the overall unemployment rate would have been about 3 percentage points higher than reported (on a not seasonally adjusted basis).
>https://www.zerohedge.com/markets/bls-admits-survey-error-may-have-reduced-unemployment-rate-3
>according to the BLS report, which was based on a survey week from May 10th through May 16th when virtually all of the US was still shut down, the government decided that a record number of new businesses were formed. According to the BLS's Birth/Death model which is used to adjust the raw payrolls data for estimated new business openings and closures, a record 345K new jobs were created due to new businesses opening in a month when - we will repeat again - the US was largely shut down!
>https://www.zerohedge.com/markets/makes-no-sense-month-when-us-was-shut-down-bls-estimated-345k-new-businesses-were-formed

We are entering the era of trickle down hyperinflation
>Bank of America's Michael Hartnett notes in his Flow Show today, while beef may be affordable again, rice - the staple food for half of world's population - is becoming increasingly unaffordable, "surging 70% since Jan on COVID-19 labor supply chain hit & stockpiling."
>https://www.zerohedge.com/markets/price-half-worlds-staple-food-70-2020

>> No.19546098
File: 128 KB, 903x598, Cobra_2.jpg [View same] [iqdb] [saucenao] [google]
19546098

>>19546038
no idea, I'm already bored too.
Maybe I will speed run some games and look for a job to become a wagie slave.

>> No.19546099

i been telling u niggas for weeks to join us oilchads. it's not too late, there's still time

>> No.19546106

>>19545907
>forward looking
The market thought it was the apocalypse just a few months ago, now we are at all time highs. Very "forward looking". The reality is that its driven by greed, the market does what makes the most money.

>> No.19546112

>>19546066
it means if you didn't buy the dip you lost literally free money

>> No.19546116

Also I should add that the unemployment benefits being what they are recently have been useful in preventing nonpayment, most people have deferred one payment if any, it's not the end of the world. All anecdote until the data is published

>> No.19546126

>>19545797
If US corporate profits have worsened, but overseas corporate profits have worsened equally or greater, and corporate and government bonds have next to no yield, is it really true that US stocks are in a worse position?

>> No.19546129

>>19546099
>I want gains now they said

it's not too late. listen to my bro

>> No.19546138

>>19546126
Relatively no, absolutely yes

>> No.19546149
File: 2.88 MB, 2578x1314, 1585522544980.png [View same] [iqdb] [saucenao] [google]
19546149

>>19545921
There was probably a split at some point desu

>> No.19546162
File: 34 KB, 408x450, 1510628231962.png [View same] [iqdb] [saucenao] [google]
19546162

>>19545921
>holding a leveraged energy ETF

>> No.19546168
File: 409 KB, 1080x2220, Screenshot_20200605-200148_Finance.jpg [View same] [iqdb] [saucenao] [google]
19546168

Lol even after hours is lit

>> No.19546185

>>19545921
>holding more than a day
you crazy.

>> No.19546211

Ahhhhhhhh I just can't commit to buying stonks, I've sat in cash for 3 months now not quite being comfortable placing a buy order, I'm looking at ASX shares too so that doesn't help.

>> No.19546228
File: 297 KB, 2455x875, leverage.png [View same] [iqdb] [saucenao] [google]
19546228

Is there a bigger reddit meme than "you can't use leveraged ETFs long term"

>> No.19546251

>>19546228
by all means go for it anon. go prove us wrong.

>> No.19546270
File: 198 KB, 760x881, yo!.jpg [View same] [iqdb] [saucenao] [google]
19546270

>>19545593
Dividends can fuck you tax-wise. If you don't hold the stock for a total of 61 days surrounding the 121 days of the exdiv date, you have to declare it as regular income and pay income tax on it. If you do hold it for that period of time, it's a qualified dividend, and then you only pay about 15% on it. Also you have to DRIP (Dividend re-investment plan) to actually get real gains.
The solution is to use them in a tax-advantaged account such as a traditional or (((Roth))) 401(k)/IRA, especially if you can get them on the dip. Personally, a large part of my rIRA is in divvy stonks and fnilx.

>> No.19546324

Spy 323c 6/19

>> No.19546344

>>19543002
money printer will just go brrrrrrrrrr again.
we've flat out admitted it's monopoly money and nobody gives a shit.

>> No.19546345

>>19546270
Taxes suck, but don't let it define your investment strategy.

>> No.19546347
File: 149 KB, 1200x804, a0833048f44138aeae0e3ef75cb8aa8b.jpg [View same] [iqdb] [saucenao] [google]
19546347

Alright LeafCucks, Environmental-services-pill me on Waste Connections Inc (WCN)

>> No.19546349

>>19546038
Have sex with your gf

>> No.19546364

>>19546038
Cause another oil spill to drive up muh gains.

>> No.19546376

>>19543002
>>19546344
It will pop, the trillion dollar question is just when.

>> No.19546408

Any of you guys my natural gas brothers? OKE and MRO slaying it.

>> No.19546415

>>19546038
>go to OPEC country
>blow up an oil refinery
>SSL moons

>> No.19546422

>>19546270
What divvy stocks do you have? Just topped up my IRA and I'm looking for a good addition to my portfolio

>> No.19546423

I'm surprised Mexico trying to tank the deal didn't cancel the gains.

>> No.19546428
File: 2.98 MB, 852x480, Virtual Checkpoint[sound=https%3A%2F%2Ffiles.catbox.moe%2F06xwdl.mp3].webm [View same] [iqdb] [saucenao] [google]
19546428

>>19546270
>"here you go, anon. Your free money"
>"no thankies. I don't want to pay taxes on it."

Well done, anon lol

>> No.19546446

Biz does it make sense to take half of my gains and then reinvest them into a different stock? Is it too late?

>> No.19546478

How much the tax bite is also depends on your tax bracket and how much you make. Ex: You make 30,000. You'd be in the 12% bracket. Your single. The 12% bracket tops out at 40,000. So you'd have to make 10,000 a year in extra income to get bumped into the higher bracket. Note: savings account interest income also counts at this limit (which is a joke now). If your doing divvy income only, no trading, I doubt you'd hit 10,000 a year right out the gate unless you just dumped a shit pot of money in in which case your salary would be more than 30,000 a year anyway.

>> No.19546485

>>19546408
I have MRO and it's doing pretty damn good but when I compare it to CPE i'm like.. eh it's okay..

>> No.19546486

Somebody declare war so my DFEN can moon harder please.

>> No.19546487
File: 27 KB, 250x241, interesting.png [View same] [iqdb] [saucenao] [google]
19546487

>>19546376
when there's a major breakdown in the one thing that NEVER gets bailed out: main street.
all the deferment on bills and so forth, along with unemployment drying up just as politicians get concerned with how everyone is coughing now for some reason.
i'm in bullish positions currently but definitely see a pretty bad summer rolling towards us. i don't think you can print your way out of millions of americans defaulting on their credit lines and mortgages. i mean you can but not without a leg down.

>> No.19546517
File: 275 KB, 186x326, 1523836854273.webm [View same] [iqdb] [saucenao] [google]
19546517

>>19546446
You gotta diversify, anonito

>> No.19546532

>>19546028
OG kush and critical kush grow pretty fast, 7-9 weeks.

>> No.19546547
File: 103 KB, 387x892, Screenshot at 2020-06-05 18-56-38.png [View same] [iqdb] [saucenao] [google]
19546547

>>19546228
is this a bigger reddit meme?

>> No.19546561

>>19546517
Thats what I am debating anon. Currently up 100% on one of my stocks and don't know if I should take half of those gains and put somewhere else or is this the start of energy golden bull run?

>> No.19546574

dow joans at 30k by EOM?

>> No.19546582
File: 11 KB, 662x103, nice.jpg [View same] [iqdb] [saucenao] [google]
19546582

>>19545921
I got into DRN, ERX, SOXL, TNA, URTY, UDOW and my sweet baby NAIL several weeks/couple months ago and have been holding ever since (small amount of profit taking). Everything is green, DRN bringing up the rear at 10.81%(late entry) with Nail at the top and SOXL following close behind. Diversification means a 3x for every sector right?

>> No.19546584
File: 240 KB, 455x459, 1589761439524.png [View same] [iqdb] [saucenao] [google]
19546584

>>19546547
He raped a secretary or already has another job, right?

Even redditcucks aren't that dumb.

>> No.19546606

I transferred over to stocks from crypto recently and I can't seem to find any solid portfolio trackers... any suggestions?

I just want something to graph my account value over time, I'm not a fan of just seeing numbers and percents on questrade. I'm visual and stupid.

>> No.19546609

>>19546547
lmao

>> No.19546660
File: 270 KB, 828x1792, A1E805CC-628B-4C2B-A709-D7DAD47D527A.png [View same] [iqdb] [saucenao] [google]
19546660

Went all in on spy calls at the bottom yesterday. Made a rookie mistake and sold at 218 even though I knew for a fact the momentum will not stop until midday. Could have made an extra $3k had I listened to myself but gains are gains

>> No.19546677

>>19546487
We are crumbling from the bottom up. The stock market is at the top, so you wont see the effects for months. People were losing jobs and houses for months before the 2008 crash. Everyone saw it coming, but greed keeps on rolling. Market valuations are high not because they are worth more, but because everyone is panic buying. Real goods aren't safe. Bonds aren't safe. Banks aren't safe. Real estate isn't safe. The last bastion is the stock market.

>> No.19546693

I got it planned out. Hit 100,000 at age 40. (which is 3.70x my current salary btw). Then keep the ball rolling, adding to my funds till age 65 when I hit 200,000 thanks to my 401,pension, brokerage, and savings. My divvy income from my stocks will be my "play money". I'll be long retired before 65 though. 49 and out is the plan.

>> No.19546697

>>19546487
>i don't think you can print your way out of millions of americans defaulting on their credit lines and mortgages. i mean you can but not without a leg down.
Why would printing your way out cause a leg down and not a leg up?

>> No.19546726

Fucking kek

Credit Suisse released their monthly best stocks thing and almost all of them hit their price targets fucking today.

One that didn’t hit? KO. Yep they just turned very bullish on KO.

>>19546486
Well we’re pulling troops out of germany so not sure about that. On the other hand, New Zealand just ordered some shot from LMT that TXT got to tag along on too!

>> No.19546729

>>19546693
You posted this like 5 times already shut the fuck up

>> No.19546786

>>19546606
No clue. Typically your broker would have something like that. A third party tool might be a pain to update manually if it can't account for things like dividends/DRIP.

>> No.19546796

>>19546697
the printing would be to stop the bleeding. it would leg down but not as badly as it would without "printing"
there's no case in which the housing and credit markets collapse and the market doesn't go down.

>> No.19546857
File: 15 KB, 215x250, sow_joan_animal_crossing.jpg [View same] [iqdb] [saucenao] [google]
19546857

My stock trading coach.

>> No.19546860

>>19546028
VGT

>> No.19546869
File: 12 KB, 519x88, Screenshot from 2020-06-05 20-45-49.png [View same] [iqdb] [saucenao] [google]
19546869

I just noticed this. LMAO

>> No.19546879

$GDEN

>> No.19546900
File: 48 KB, 750x591, ohDKCIO.jpg [View same] [iqdb] [saucenao] [google]
19546900

>>19546487
>i don't think you can print your way out of millions of americans defaulting on their credit lines and mortgages.

>> No.19546919

Finally made it back from Costco, etc.
>>19540708
>just curious, how old are you and when are you planning to cash out?
I'm in my thirties so I still have a while to go before I'm "retirement" age. Still, thing is, I'm an electrical engineer by trade so I'm biased towards semiconductors. That said, I don't really have a date for cash out. I think it'll be decades before the semiconductor sector gets superceded by something stronger and in the meantime the gains, barring the occasional gut-wrenching drawdown will be massive. Like legendary generational gains. As far as the overall US market it will take something cataclysmic to bring it down for good and nothing is on the horizon so I wouldn't divest from that either.
>>19541897
>>SOXL shill
>Thank you bro, I only knew about SPXL till I saw your posts, then I started digging and researching
>Up 40% even with some bad attempts at swing trading
Congrats man! Should be a lot more before it's over. I've tried to swing trade leveraged ETFs here and there and it's profitable but actually beating them in the long term is fiendishly difficult. I haven't been able to do it.

>> No.19546957
File: 46 KB, 585x495, Screenshot from 2020-06-05 20-50-40.png [View same] [iqdb] [saucenao] [google]
19546957

I summon the TVIX bag holder.

>> No.19546981
File: 46 KB, 640x853, 1591135850995.jpg [View same] [iqdb] [saucenao] [google]
19546981

>>19546900
We're going to find out soon enough!

>> No.19547031

Hey /biz/ what's your opinion, I just got called to go back to work today. I asked what my options were they said I could return immediately or stay on furlouge another 30 days. What do you guys think?

>> No.19547047
File: 199 KB, 850x1202, girlsundpanzer_cola.jpg [View same] [iqdb] [saucenao] [google]
19547047

>>19546726
>Credit Suisse released their monthly best stocks thing and almost all of them hit their price targets fucking today.
>One that didn’t hit? KO. Yep they just turned very bullish on KO.
BALLER

>> No.19547055

>>19547031
are you getting paid on furlough?

>> No.19547062

>>19547055
With UI from the state.

>> No.19547073

>>19547062
yeah stay NEET

>> No.19547087

who had it worst Floyd or Bobos?

>> No.19547092

>>19545797
>Corporate profits are now even worse than 2018. You won't have to wait another decade for the next big crash.
Good. That's the best odds I have for becoming financially rich besides the other method which is slow going but has picked up pace.

>> No.19547124

>>19547087
bobo. I spit in your grave

>> No.19547129

How many people here actually have a job, or is everyone a NEET that day trades all week.

>> No.19547137

>>19547087
Bobo made the choice to die. Floyd had no choice.

>> No.19547139

>>19547087
At least floyd didn't suffer long

>> No.19547146

>>19547129
NEET here and I don't day trade.

>> No.19547152

>>19547073
You don't think they would try to "punish" me right.

>> No.19547159

>>19547129
I am a welfare leech (military).

>> No.19547182

>>19547129
I work a shitty grocery store job and go to college and recently started trading to try to get better income than my dead end job. I saved some money up from that job and have traded with it the past month and im up 100% on my initial which is like 10x more than i make working at the grocery store i hope i can do well enough to get out one day

>> No.19547197

>>19547129
I quit my job last summer. I'll be starting my own business in September unless I make shitpiles of money trading stocks (read: trading SPY calls) before then.

>> No.19547209

>>19547129
I work in Government, currently working from home, trying to get into day trading but don't know the correct signs on what to pick

>> No.19547221

>>19547129
I’m an engineer. I work an hour a day and spend the rest of my time shitposting and looking at craigslist on top of my market watching.

>> No.19547222

>>19543268
>>19543121
>>19543188
>>19543430
>>19545175
This "pandemic" was just an excuse for the government to give massive bailouts for companies that were still failing despite the bailouts from 2008-2009

>> No.19547237

>>19547152
not without being liable. if they're gonna punish you they have to first tell you that they're going to punish you.
maybe try the "nervous about second wave" pitch and say you'll check in with them in a couple weeks.

>> No.19547316

>>19547129
Nah, I have a job. I have several streams of income though, my job, investments and interest from loans.. so I could quit and shitpost all day but I make too much from my job to quit. Not to mention I'm too young (27), so if I just hold on for another 10 years and keeps going all-out I will easily reach the top 5-10% by 35

>> No.19547335

>>19547129
Had a job, don't anymore.
That said I've been doing this shit for a while and I've gotten decent at it.
My savings are more than I need, thinking about just keeping at it and seeing what happens.

>> No.19547348

>>19547129
Work for state government. Doing this since fall 2018 originally cause I was like "what the hell" and cause being able to say you own part of Disney,Coke,etc is cool as hell. Then I got serious with it when I ran the numbers and saw the fat payday I could generate.

>> No.19547373
File: 100 KB, 800x735, 1585631592815.jpg [View same] [iqdb] [saucenao] [google]
19547373

Verdant green fields
Land beloved by many bulls
Season of harvest

>> No.19547426

This thread needs more lewd anime pictures

>> No.19547442

>>19547087
Floyd’s suffering isn’t over, and he’s now world famous. Strangers mourn him, and I’m telling you, it’s highly likely that he will go down in the history books.
He’s a modern Emmett Till.

That’s a sort of immortality many people strive for. On the other hand, it does him no good, he can’t enjoy it, and whatever he could have enjoyed in the remaining time he had left to live was taken from him.

Bobo is eternally suffering, and mourned by no one. The stock market booming is good for the entire world, minus some crazy revolutionaries who want chaos and suffering, and the Cuckman Trader.

>>19547129
I am officially a NEET loser going through a rough decade. I have never had a “real” job but I’ve wageslaved.

>> No.19547451

>>19546957
I guess he's finally dead.

>> No.19547461

>>19547221
What’s good on Craigslist? Looking for used weights or some shit?

>> No.19547480
File: 35 KB, 670x277, taxable5.6.png [View same] [iqdb] [saucenao] [google]
19547480

>>19546324
My 6/19s printed today. Caught some of the eod drop with those puts but closed all options going into the weekend.

>> No.19547484
File: 527 KB, 594x838, 1020376C-73B2-4B25-92DA-B9C1D198958A.jpg [View same] [iqdb] [saucenao] [google]
19547484

>>19547442
>Floyd’s suffering isn’t over
IS over

>>19547426
Enemay is needed good point.

>>19546919
>Costco
He’ll yeah, that’s an rIRA holding for me.
Hey didn’t someone post some alarming research about the dangers of those 3X ETFs that had you reconsider your position?

>> No.19547496

>>19547237
No that's exactly what I did basically my boss called me offering my job back. Boss stated I sounded nervous, told her I was very concerned about Corona, second wave, etc.

I asked what my options were, she stated that if I'm that worried they can extend my furlough another 30 days.

She then offered me a tour of the workplace to see first hand everything the company has done to protect us. I acted neurotic and told her I needed time to think and would call her tomorrow.

>> No.19547528
File: 508 KB, 938x961, animucola_mentos.png [View same] [iqdb] [saucenao] [google]
19547528

>>19547129
neeto for now because corona chan. will be back to work in a month or two probably.

>> No.19547579

>>19542554
>crashes
Not trumps fault. What was he supposed to do?
>inflated gains
Wooooo trump 2020
>buisness and finance

>> No.19547583

I've got the upmost respect for cops and those who work in corrections. The good cops anyway. The shit these people have to deal with is enough to make you nuts after a while. Now thanks to a few bad apples watch as a whole slew of new regs get passed that govern police work, which may make the job of the good cops that much harder. Or even join the police force harder for that mater. Hell most depts you can't even join right outta H.S anymore. You gotta have 2 yrs exp in something else (which begs why does that have anything to do with police work?) or college (again, why does that have anything to do with police work when they teach you everything at the academy)

>> No.19547600

>>19547484
>Hey didn’t someone post some alarming research about the dangers of those 3X ETFs that had you reconsider your position?
Oh no. People have been posting over and over their reservations about leveraged ETFs and I've spent a lot of time going over all the pros and cons. I read the prospectus for SPXL and for a while even maintained a futures account where I kept a 3x leveraged position in the e-mini S&P 500 and mimicked and mechanically followed the formula Direxion uses at the end of each day to maintain the leverage so I could get a visceral feel for the volatility decay and see if it intuitively "felt" as bad as people claimed it was.
Long story short it isn't. It's a meme in context of index and sector based ETFs. The only leveraged ETFs that are unequivocally bad to hold longterm are the commodity based ones since the volatility is so extreme you are almost guaranteed to lose money. The index stuff on the other hand naturally drift upward overtime and the volatility is relatively low which is the perfect formula for making huge gains with the daily leverage rebalance. The trick is when the price of the underlying is dropping, you want to deleverage to avoid the possibility of liquidation. And when the price is rising you want to add to your winners and with the leveraged ETFs that's exactly what you do by virtue of the daily rebalance. It's beautiful if you think about it and I've made 6 figures this month just on SOXL so I'm definitely not complaining

>> No.19547633

>>19547442
>Fentanyl Floyd
He was a piece of shit criminal who over dosed on drugs. Media lied again, and people fell for the same trick again. Imagine donating money to criminals when we has 30% unemployment, image your business being burned to the ground, image getting killed over this shit. Floyd was an unashamed piece of shit who was used to make even more shit. Remember Trayvon? Remember Mike Brown? Stop falling for obvious fucking lies, stop being emotional children.

>> No.19547646
File: 236 KB, 600x600, 1582768856092.png [View same] [iqdb] [saucenao] [google]
19547646

Uhhh, permabears?

>> No.19547655

>>19547129
I trade while at my job. I have a lot of free time. I used to just watch anime, but I got burned out. That's when I turned to the stock market, though I am getting back to watching anime.

>> No.19547659

>>19546547
Who the fuck even owns reddit?
>>19546584
Yes they are. One of the founders had to admit he was editing their databases to make it look like people he didn't like were saying stupid or bizarre shit without triggering the "edited" disclaimer on the posts.

>> No.19547664

>>19547129
me leeching off the military until they kick me out

>> No.19547666
File: 214 KB, 544x307, EZyJX55XsAA2E_L.png [View same] [iqdb] [saucenao] [google]
19547666

BLM is based. The saved the economy from flu doom news.

>> No.19547682

>>19547129
i work construction mon-thurs and trade options on my phone during the day lol. Having Friday off to devote to the market is nice since thats when contracts generally expire.

>> No.19547687

>>19547129
I have a job and write options while I shit on the toilet. I eat a lot of Taco Bell.

>> No.19547688

>>19547633
>Imagine donating money to criminals when we has 30% unemployment
Are you a negro yourself or something?

>> No.19547710

>>19543430
Based

Cnbc exists to manipulate and wreck retail boomers

>> No.19547714

>>19547583
>Shithead drop outs cant join the police for and write me $1500 in minor traffic tickets for no reason
>This is somehow a bad thing

>> No.19547729

>>19547633
Yeah imagine giving trillions to bail out huge companies when it could have been used to help small businesses and for better unemployment benefits oh wait

>> No.19547730

>>19547682
>i work construction mon-thurs and trade options on my phone during the day lol
based

>> No.19547734

>>19547664
Hell military has it good. Free on base housing, discounts when buying shit, on base entertainment, full retirement after 20 years. Realistically a military person could save up a nice wad over 20 years if they used all the perks and didn't fall into the debt or ex-wife traps. Buddy of mine he's in the airforce, getting damn close to his 20 year mark.

>> No.19547745

>>19547666
So the more black people die the more the market goes up? Neat

>> No.19547761

>>19547633
The funniest part for me is that unlike all those other times, normalfags/politicians on both sides were appalled with the cop's actions. Usually lines are drawn exactly how you'd expect and see some for the police, but that didn't happen at all here initially.
And then all the nigs rioted anyways and immediately lost all their goodwill lmao

>> No.19547767

Imagine the gains if we hit 5% inflation.

>> No.19547769

>>19547729
>but this other thing tho
Ok faggot, whats that got to do with a felon dying of fentanyl?

>> No.19547770

>>19547129
I deliver pizzas part time

>> No.19547771

>>19547600
>And when the price is rising you want to add to your winners and with the leveraged ETFs that's exactly what you do by virtue of the daily rebalance.
Explain.

And do you mess around with the UPRO/TMF strategy? Considering grabbing some when yields rise, because I don’t believe the Fed is actually going to ratchet back their bond buying that severely. Also I think that would’ve killed it this year.

>>19547633
Doesn’t matter, Frank Ferdinand could’ve been a serial killer, Emmett till could’ve been a junkie, they still go down in history just the same.

Also, I don’t care. You and the people marching are way too obsessed.

>> No.19547773
File: 8 KB, 232x217, 1564190609725.png [View same] [iqdb] [saucenao] [google]
19547773

>diversify your portfolio

>> No.19547774

>>19547159
Are you part of the based E4 mafia?

>> No.19547780

>>19547729
Best wealth transfer in history
10/10

>> No.19547782

>>19547770
Cool, I think here papa johns is forking out 18 an hr to do that.

>> No.19547783

>>19547761
Capitalism is coopting everything. Blizzard is doing blm shit. Soon blm will be ubiquitious and lose all meaning. Capitalism will win.

>> No.19547787

>>19547221
salary?

>> No.19547808

Classic ATH dead cat bull run.
Buy gold ignots

>> No.19547821

>>19547808
Classic. Seen it a million times.

>> No.19547836

>>19547808
Shiny rocks people are.missing so much reasoning.

>> No.19547839

Sitting on 10k cash I can play with. Didn't buy enough in March. What the fuck do I do?

>> No.19547845

>>19547782
I usually average out to around $22 an hour, but if I worked full time it would easily dip below $20 per hour.

>> No.19547846
File: 122 KB, 554x400, dab on.gif [View same] [iqdb] [saucenao] [google]
19547846

big money is in the place
and everyone is bein really based

>> No.19547856

>>19547839
Learn basics of investing. Will serve you more than a single move. Your goal should be to get better. One big move doesnt make you rich.

That or become an investor and stop trying to outsmart the market

>> No.19547857

>>19547771
>obsessed
Oh, I suppose its ok for people to be lied en mass, for local businesses who were already shut down by corona are now also burned down, its ok for people to gather in protest but not go to church, just ignore the lives ruined and the people killed by thugs because idiots threw a childish tantrum over a lie? Yet here you are being an edgy faggot on the internet, thinking hes above all the other pieces of shit in the world. How about you actually care about something for once in your pathetic life?

>> No.19547859

>>19547129
WFH data sec engineer in aerospace.

>> No.19547870

>>19547773
based
all in 100% equity on AAL chad here

>> No.19547874

Oh and it DOES appear that the job numbers were a little fucky. I’m betting they get revised so severely that they show job losses instead of jobs growth. But that’ll be unimportant by then because we should actually have jobs growth and people generally don’t care about revisions, they’re focused on the new numbers.

People like Paul Cuckman will point to them, and they won’t be totally wrong. But it’s irrelevant, and his motives are obvious to everyone.

STILL, don’t be surprised if things are less bullish than previously expected.
>t. Bought TNA and UPRO today

>> No.19547875

https://www.reuters.com/article/us-health-coronavirus-brazil-vale-sa/brazil-judge-shuts-down-vale-mine-due-to-coronavirus-concerns-idUSKBN23C34K

NOBODY was listening when i said to buy VALE puts and BHP calls. I'm ready for some fucking money on monday

>> No.19547908

>>19547767
>Inflation above Fed's 2% target
>Raise rates 0.25%
>SPY instantly drops to 100
>Lower rates to save the economy
Like pottery.

>> No.19547934

>>19547857
>seething
We knew there would be civil unrest months ago. The protests aren’t the reason for the riots. Unemployment, hopelessness, fear, anger, and death are the reason.

And now every city in America, and every country in the world is rushing to reopen for business. You think that’s a coincidence? No, the people in charge are seeing the consequences of keeping the economy closed for too long.

>> No.19547937

>>19547771
>>And when the price is rising you want to add to your winners and with the leveraged ETFs that's exactly what you do by virtue of the daily rebalance.
>Explain.
Sure. Imagine you have $1000 and want to buy SPY but you want to buy it with 2x leverage. Tomorrow SPY goes up 1% so your account goes up 2%. So far so good. The 2% gain is around $20 so now your principle is $1020 but you got the 2x leverage on your initial principle of $1000. The total position is $2020. So the next day you are no longer 2x leveraged but are in fact something like 1.98x leveraged since your principle is $1020 and the borrowed amount is $1000. If the price goes up another 1%, on day 3 you will have $1040.20 principle but still $1000 borrowed so a total position of $2040.20
Compare this with a daily rebalanced 2x ETF. You start with $1000 principle and $1000 borrowed and the previous 1% gain so at the end of day one you have a total position of $2010. However, and this is the thing. Since the position is rebalanced at the end of the day, instead of starting the next day with $1020 principle and $1000 leveraged, you rebalance it to $1020 principle and $1020 leverage for the full 2x amount. So instead of starting the day with a $2010 position you actually start with a $2020 position. Extrapolate this out years in a market with reasonably low volatility and a gentle up slope and it's obvious the added gains will be massive.
>And do you mess around with the UPRO/TMF strategy?
I do not because I can handle the draw downs of not having the TMF in there without puking. I believe the long term gains will be better without it but if you don't want to see the draw downs and don't mind making a little bit less then rebalancing the entire position with TMF periodically is a sound idea

>> No.19547949

>>19547908
This is probably way more likely than people want to admit.

>> No.19547956
File: 133 KB, 662x507, market analysis calculated over 2000 years.jpg [View same] [iqdb] [saucenao] [google]
19547956

>>19547808

>> No.19547972

>>19547937
>Compare this with a daily rebalanced 2x ETF. You start with $1000 principle and $1000 borrowed and the previous 1% gain so at the end of day one you have a total position of $2010
Screwed up the numbers the total position should say $2020. Hopefully the point still gets across

>> No.19547974

>>19547857
>caring about people not going to church
>complaining about being lied to
lmao, church is the biggest lie out there

>> No.19547975
File: 18 KB, 400x400, 95037F2F-E84D-49FB-AA55-C59DA9330FE1.jpg [View same] [iqdb] [saucenao] [google]
19547975

Can’t wait for new pipeline in 2021.
ENBL has been good to me. Still room for growth. And bigger dividends. Clearly management isn’t dumb if they can still give investors value.

>> No.19547977
File: 2 KB, 116x125, 1590847713888.jpg [View same] [iqdb] [saucenao] [google]
19547977

>>19542647
Bought at 9.21 sold at 21.70
Eat shit motherfuckers

>> No.19547983
File: 93 KB, 957x504, file.png [View same] [iqdb] [saucenao] [google]
19547983

>it's different this time!
*pop*
>it's different this time!
*pop*
>it's different this time!
*pop*
>it's different this time!
*pop*

We are actually exponential in the S&P500 right now which happened back in 2018. Literally every exponential curve like that signals a good crash. Enjoy the ride next week!

>> No.19548001

>>19547934
Are you sure? I didn't know nogs and trust fund kids had jobs.

>> No.19548015

>>19547956
Anon, bears have been making charts like that since March. Each top they call turned out to not be the top. Also this is the most retarded possible way to do TA.

>> No.19548021

>>19547937
>but if you don't want to see the draw downs
More about having extra cash to buy the drawdowns. I’m curious how those automatic rebalancing funds did this year, since they rotated from bonds to stocks damn near the bottom. I wouldn’t be surprised if they outperformed most every hedge fund and active manager.

The reallocation was expected, people were talking about it the week before. If you reallocated every time those auto-accounts did, but a week earlier, I wonder how it would impact the gains.

>> No.19548053

>>19547977
I already rotated out of my reopen plays. Maybe early but I got into tech early fri open when msft etc was red. Now pure tech and some spy just holding for 8 months.

Highest tax bracket fucks me on anmore trades this year.

>> No.19548052
File: 152 KB, 1366x768, -___-22.jpg [View same] [iqdb] [saucenao] [google]
19548052

>>19547983
Don't call the top until momentum is lost and bearish volume starts to come in. Look for sideways movement or shallow angle up or down, with higher volume spikes on red days than green. You also get the retarded approach to TA stamp of disapproval.

>> No.19548061

>>19547974
The problem is not going to church, the problem is that people are being barred (Christian, Muslim, Jews, everyone) from going to their place of worship because of corona, even if they stay in their cars or practice social distancing, WHILE AT THE SAME TIME thousands of people packed shoulder to shoulder are praised and encouraged to protest over a fucking lie. Such blatant and unconscionable hypocrisy should infuriate any honest person.

>> No.19548095

>>19547983
>j-just two more weeks, you'll see!!

>> No.19548106

>>19547983
I mean it has to go up more than it goes down or else it'd be 0 over the long run.

>> No.19548108

>>19548052
Big prob going bear now is cure/vaccine news. Not to mention fed/stimulus deals. You have to dodge some big bombs. Plus we have enough stimulus to carry market through july at least.

Fighting too much even if right in end.

Want to be one step ahead not five. Although I disagree with bears.

>> No.19548121
File: 128 KB, 500x701, 2BA9CC0A-7AEF-4C0A-A862-490D7D07874E.jpg [View same] [iqdb] [saucenao] [google]
19548121

>>19547047
Yep!

KO benefits even though consumer staples are about to get REKT. Because they benefit from the reopening of restaurants and bars and travel and theme parks and cruises etc. They should get the benefit of all that consumer cyclicals behavior, right?

>> No.19548142

>>19548095
Yes. I bought more shares of TVIX. It's going to be beautiful. Keep in mind that the job report lags behind the unemployment claims. Unemployment claims beat expectations but the start of May (we're in June obviously) recovered slightly.

We are very very obviously in a large bubble.

>> No.19548151
File: 176 KB, 1080x1221, Polish_20200605_220646137.png [View same] [iqdb] [saucenao] [google]
19548151

>>19545653
Lol, Same here bro. I WARNED these fucks pre-Market....BUY OXY NOW....

>> No.19548164

>>19548108
Only bear play is second wave, which is iffy. Thats basically all your hopes though in short term. If you expect long term bear then you have to be patient. Bull autowins for months

>> No.19548177

>>19547937
I still don’t get it. I’m going to reread this in a bit.

Also Im not confident in a period of low volatility with a gentle upswing. Market likes to go to extremes, I wouldn’t be shocked if the look changes to something more like a blowoff top formation.

>> No.19548179

>>19548108
The stimulus isn't actually boosting the economy. The problem with what the Fed is doing is that yes they're handing out money and loosening restrictions so money reserves can then enter the market, but GDP is still decreasing and Germany and Australia have both now entered recessions. China has also downgraded its GDP expectation.

What this means is that yes you can give them money, but the businesses in America and elsewhere aren't looking to expand as aggressively as the Fed wants to hand out money. My workplace is doing lay offs and so are many others.

What we're seeing is the stock market going up under the assumption that slashing interest rates will automatically fix things.

>> No.19548184
File: 830 KB, 1800x1600, 1591351526147.png [View same] [iqdb] [saucenao] [google]
19548184

I dumped a few thousand into the market back in March to exploit the flu for some extra dosh. Now I'm looking to the future and putting the extra thousands of dollars I never would have had otherwise to work. I'm soliciting advice from various sources so I wanted to ask here. When I eventually decide to cash out on my meme stonks, should I
A) Sell off equal to my initial investment and keep the profits as free stonks
B) sell off equal to my profits and reinvest that money
C) Sell off everything and reinvest into my 401k or other long term investments
"Meme stonks" are airlines, cruise lines, and small oil like MRO, OAS, etc. Thanks for the advice lads.

>> No.19548190

>>19547937
What do you do during crab markets?

>> No.19548197

>>19548142
>Look at me everyone! Im really fucking retarded!

>> No.19548206

>>19547484
AHHHHHHHHHHHHH

>> No.19548212

>be me autistic loser wageslave
>just collect all my money over the 2010s in a bank account, missing all the stock market gains
>stock market plummets and i wanted to put like $100,000 USD in cash into stocks but didnt because afraid of coronavirus over the months

>stock market soars back up
>missed out again

>> No.19548226

ITT things that are not priced in.

https://en.wikipedia.org/wiki/September_1859_geomagnetic_storm

Imagine this happening today.
Imagine not being able to trade electronic dollars on your electronic phone on the electronic stock market.
Imagine not being able to buy groceries with your electronic credit card.
Imagine not being able to pay your mortgage from your electronic bank account.
Imagine not even knowing what the fuck happened because you can't read the electronic news.

Everything just goes quiet. You and all your neighbors walk outside and ask each other what's going on. What happens from here is anyone's guess.

This keeps me up at night.

>> No.19548228

>>19548212
Why wouldn't you buy AMD it was 100% for free gains

>> No.19548229

>>19548177
To put it succinctly: With a normal leveraged position and no rebalancing, the borrowed amount never changes even while the gains increase so the effective leverage steadily decreases.
Conversely with daily rebalancing as in a leveraged ETF, the leverage is kept constant by continuously borrowing more and more to keep up with how much the principle grows.
>>19548190
>What do you do during crab markets?
Sell call options on your ETF shares. At least that's what I do

>> No.19548251

>>19548212
The best time to invest has always been right fucking now.

>> No.19548254
File: 465 KB, 1049x767, Port 6-05-2020.jpg [View same] [iqdb] [saucenao] [google]
19548254

kek, I'm trying. one small step today, a big fat baggie in 6 months (or less,maybe)

>> No.19548261

>>19548179
Real economy going to shit is part of the bull argument. The high unemployment will keep fed pinned in for more inflation through 2021. Also all that lack of hiring and cost cutting willl boost tech stocks.

>> No.19548273

>>19548061
Fine, religion is the biggest lie out there. At least get mad over people not being about to go to restaurants and bars, at least those stimulate the economy unlike fucking places of worship which exist to scam people into believing bullshit for money

>> No.19548284

>>19548229
I like gaining stock share and stock value. So leverage of some kind is only way to invest. Whether margin, option, or leveraged etf.

If you arent increasing shares and value you arent really making it.

>> No.19548304

>>19548226
Might as well be worried about an asteroid hitting your house and landing on you while you're watching TV tbqh.

>> No.19548322

>>19548184
Research the fundamentals of a bunch of blue-chip companies you like and buy into appealing ones when they're in a dip. If you can get a decent div yield, you get free money every quarter that's usually taxed at capital gains rates.

>> No.19548330

>>19548226
Wow the things I worry about are on such a greater magnitude that I can only feel happy for you.

>> No.19548331

is it right that all the free trade broker shit is US only and that yuropoors have to pay?

>> No.19548332
File: 1.54 MB, 1971x1925, animucola_and_snacks.png [View same] [iqdb] [saucenao] [google]
19548332

>>19548121
>They should get the benefit of all that consumer cyclicals behavior, right?
Sounds right? I don't know. That kind of fundamental forecast is outside my area of expertise. The TA on KO right now is bullish.

>> No.19548349

>>19548229
What do you do when you get assigned? Do you just rebuy the shares at market price?

>> No.19548355

>>19542880
the car rental companies are being bought by the sports teams, that's why they're parking all the cars there.

>> No.19548358

New bread
>>19548347

>>19548347

>>19548347

>> No.19548361

>>19548304
The things people worry most about aka china trade are things to ignore. Oddball shit like pandemics and cascadia events are the things to actually care about. Ive been worried about pandemics since swine flu and its helped me more than anything else for investment returns

Just have to temper the oddballish ideas

>> No.19548365

>>19548226
2020 would be worst year of the forever without a world war if that or any other major natural disaster happened.

>> No.19548377

Friday night and no drunk schizo baggie/LCIguy? Wow

>> No.19548394

>>19542554
>GUSH
>Up $10.10
>tfw the day's profit is also an epic get
>check em

Literally WTFWT

>> No.19548425

>>19548349
You can follow the wheel strategy and just start selling puts until eventually you get assigned your shares back. Obviously that can get out of hand though if the price of the stock keeps pumping leaving you behind so it's a gamble just like everything else. My strat is to sell calls so far out of the money I don't have a realistic fear of getting assigned and indeed it has never happened. I've been selling the hell out of puts lately too and obviously I haven't gotten assigned on those either and they've actually been pretty close to the money but the market has pumped so hard there never was a chance. So, far OTM and you don't get assigned usually. If you do, sell puts. If the price keeps pumping then just figure it out from there is about the best advice there is

>> No.19548468

>>19548365
How much of the Nasdaq 100 is on the San Andreas Fault?

>> No.19548488

>>19548468
Cascadia event, look it up. Northwest is more at risk than cali

>> No.19548525

>>19548488
One expert asserts that buildings in Seattle are vastly inadequate even to withstand an event of the size of the 1906 San Francisco earthquake, let alone any more powerful one.[17]

Kenneth Murphy, who directs FEMA's Region X, the division responsible for Oregon, Washington, Idaho, and Alaska, put it quite dramatically: "Our operating assumption is that everything west of Interstate 5 will be toast."[18]

Recent findings conclude that the Cascadia subduction zone is more complex and volatile than previously believed. In 2010, geologists predicted a 37 percent chance of an M8.2+ event within 50 years, and a 10 to 15 percent chance that the entire Cascadia subduction zone will rupture with an M9+ event within the same time frame.[19]

>> No.19548575

>>19545986
Yeah but If I join a frat, I’ll have friends for life and roastie pussy on demand

>> No.19548592

NEW NEW NEW

>>19548587
>>19548587
>>19548587
>>19548587
>>19548587

NEW NEW NEW

>> No.19548601

>>19547442
Lmao Floyds life wasn’t worth the fame he has securely received. In 100 years the porn past will be edited out. Floyd literally won.

>> No.19548610

>>19548425
Interesting, I've been thinking about getting more aggressive in my investments so I might try this out when I get my next paycheck

>> No.19548619

>>19548226
we don't price in risk any more, we sit in our chairs and wait for the fed's money hose.

>> No.19548699

>>19547579
>this onions cope

>> No.19548867

>>19548226
imagine coronavirus mixed with ebola starts spreading as soon as the magnetic storm strikes.
well we would just go out and start protesting against something and burn cars and set buildings on fire.

and speaking of nightmares imagine you have a million bucks in savings which is electronic money. regardless of the magnetic storm or any other shit. just imagine this shit is ephemeral. we got used to it, yes. but just think about it. that money simply does not exist. it is just a number on your computer screen. it is not cash under your mattress. it is not gold. it is not even a tanker. it is nothing. and i am not talking about some shitty coins. it is my hard earned money. thats what really scares me.