Robinhood >commission free and no minimum to open robinhood.com
> It's been X days, why isn't my account verified yet? Not being approved in 3 days seems to be the new norm. Nevertheless, call/email their support if you've been waiting more than that.
> When is it coming to my country? The only "plans" are on an Australian and Chinese beta. Neither of which has gained much traction.
Interactive Brokers >$1 commission per 100 shares. $10k minimum to open, $3k if 25 or under. Lowest margin interest. Free API access interactivebrokers.com
TD Ameritade >$6.95 commission per trade. No minimum to open. Fantastic data/charting through their free ThinkorSwim service tdameritrade.com
what a stupid question /smg/ is for making money period
The real question is : how will the chinks retaliate ? They just devalued RMB Will they dump US treasuries ? and with it the USD ? (that seems unlikely as a weak USD is not good for them)
Chase Gonzalez
lol no way dude. they will be bankrupt by next month
Sebastian Watson
I just like watching the Shanghai exchange burn (through FXI in Robinhood) I'm basically hedged for it going either way by dumping all of my super leveraged shit like 3X ETFs for Nikkei bro's consumer shits. China stock market already at 6 month low
Nathan Torres
basically chicks get cucked out and business as usual in /smg/ ?
/smg/ should be agnostic and figure out a way to profit from both there being no trade war and various degrees of severity of trade war.
Andrew Thomas
A real investor don't do politics He should see what is happening or could happen and react accordingly
Wyatt Carter
I heard it would be stupid for them to dump US treasuries... the feds are basically already doing that too lol I'm going to take a stab at this and say devalue their play money, although I hardly know a fucking thing about FX. I think pumping US treasuries rn would have a minimal impact though -- these suckers need to dump.
If they do devalue their currency, it could make TLT go up short-term, but that would probably just result in a reactionary flow out of TLT and into SPY, DJIA, etc.
Benjamin Scott
I fucking wish I wasn't so lazy and did my DD on it when the Motley Fool first shilled it (it was way before the pop)
Asher Hughes
Yeah The chinks dumping US Treasuries is not a smart move >dump US treasuries >I have beaucoup USD now >what to do with them ?
Let's not forget Trump just said he will curb drastically chink investment in the US and that a weak USD is not serving the chinks' interests
I really can't imagine them dumping US treasuries lol I'm currently set up to profit from it if they do, but that seems like a stupid, childish, self-harming move
>If anything, buy today's dip in US equities That's roughly what I was planning lol thanks for the reinforcement
I think it DOW is looking better than QQQ tho since QQQ has really diverged and tech is more overvalued than usual currently
Zachary Green
IDK what the best means of tracking the chink index is via futures, but on investing.com: >CSI 300: -1.55% >China A50: -2.38% They were already beyond a 6 month low on Thursday or Friday. This is so beautiful. It's hurting them so much more than it hurts us. I almost want to buy puts on FXI
Zachary Edwards
Futures just keep going down and down. This is it, a great crash is upon us. RIP. I hope you faggits got puts.
Ryan Fisher
What do you think of uranium futures URA rn, pic related? Chart looks juicy
Once again, I am not so sure about the US bond being in a bear market
Cameron Miller
Juicy? That's a funny way to spell "shitty".
Angel Brown
Chinese stock exchanges are litteral casino money for foreigners, it doesn't affects the chinese big businesses in the slightest. That being said, the US is facing steel shortages.
Lincoln Jones
I wouldn't speculate on the chink market as the ChinkCom manipulates it at will
If the export-driven chink copynomy is tanking, what does it mean for commodities ? Shouldn't they be tanking too ?
Elijah Lee
China has untold reserves of USD they need to get rid of. I'd be pretty bullish on commodities.
So USD will go down then ? Anyway, since the chinks are having resteicted access to the US investment markets, it makes sense they will stockpile commodities instead So bullish on Aussie and British markets ?
Easton Thompson
>I wouldn't speculate on the chink market as the ChinkCom manipulates it at will This is true. It's so obnoxious; the chink companies are obviously shit, but shorting them is a mistake because the government keeps them propped up.
>If the export-driven chink copynomy is tanking, what does it mean for commodities ? Shouldn't they be tanking too ? I have no idea. WSJ said a weakening dollar gives commodities a boost, but I don't know shit about FX and commodities.
I realize that what I'm doing is kind of stupid, and kind of doing it anyways
I'm thinking half or 1/3 my move near open and another 1/2 or 1/3 near close depending if it rebounds near the open or slides down the whole day
Thomas Gray
>China has untold reserves of USD they need to get rid of >they need to get rid of That's not necessarily true. I've heard that the chinks will keep buying up USD assets to help push their trade surplus. It's how they devalue their currency.
Angel Martinez
They can devaluate without buying up USD to be fair. At that point betting on Ren/USD is a coin flip.
USD right now has a tendency to go up (rates high, low unemployement, etc). I think the chinks will want to lessen their exposure to a toxic asset (the USA).
Austin Campbell
>a toxic asset (the USA).
Memes aside, it's the central bank that would be doing this, eurocuck
>That being said, the US is facing steel shortages. How ya liking those tariffs, friendo?
stick to your bond short thesis man never listen and do what others tell
Yeah, I am bullish on the USD and the US innovative companies (ahem AMRS)
I feel there will be a global USD shortage incoming
Parker Gomez
How are you liking yours, bucko ?
Also, rn the US is a toxic asset for china, and they got a fucking ton of USD they can't spend how they want. My bet is they are going to empty slowly their USD reserves on commodities or even in other currencies (Yen), to keep the USD price stable even if it should shoot up.
Brayden Nelson
>stick to your bond short thesis man >thesis man What did you mean by this? I do intend to stick with my bond shorts, even if only to prove a concept to myself tho
>Yeah, I am bullish on the USD and the US innovative companies >and the US innovative companies Careful on tech like NFLX. Shit's supposed to have a high P/E, but it's been getting more so than usual lately
Jaxon Clark
I simply meant stick to your guns and fuck what others tell you to do
Brandon Anderson
>How are you liking yours, bucko ? Well, I'm thankfully not a farmer, so pretty well lol >Also, rn the US is a toxic asset for china, and they got a fucking ton of USD they can't spend how they want. My bet is they are going to empty slowly their USD reserves on commodities or even in other currencies (Yen), to keep the USD price stable even if it should shoot up. I don't see why they can't just hold onto USD indefinitely. Although central banks don't have an inherent need and lust for being profitable in the same manner as corporate banks, I heard that they aren't holding USD straight up as currency reserves, so most of it is in stuff like treasuries. I'm fairly certain there is no cap on how many treasuries they could buy or for how long they would hold onto them, only that the trade-off is how much they are willing to devalue their own currency in the process by introducing more of it into circulation in the process of buying US treasuries
Austin Baker
Also, when I say innovative, I am not thinking about tech (data exploitation) They are already boomer stocks imo
I mean next level innovation shit. Genetic manipulation, AI, automation and robotics.
They have USD and treasuries, but I think they could sell their treasuries for USD if they wanted to make the USD too strong for the US industry, or they could sell all that USD slowly, low-key on the other markets. I say, time will tell. Sorry for US farmers tho, shit must suck ass. Flyover land will become even more flyover.
Henry Howard
>They are already boomer stocks imo FAANG is still the most sustainable high growth stuff out there, unfortunately But I guess the word sustainable is undermining myself. >I mean next level innovation shit. Genetic manipulation, AI, automation and robotics. >Genetic manipulation CRSP? >AI, automation and robotics BOTZ is horse shit if you're holding that. You're better off looking at the underlying in etf-db and exercising your critical thinking skills than drinking the kool-aid that shit like the tickers SHE, CATH, MAGA are actually capable of properly reflecting a means of profiting off what they're intended to. Here's some DD: NVDA's GPUs are a key resource for data scientists to train their deep learning models GOOG is now producing TPUs specifically engineered for this purpose though and are making them available on their cloud platform. Most ML is still not readily or easily profitable yet either, so GOOG, FB, AMZN (mere "data exploitation" companies as you called them) that hold a monopoly on competent data scientists are the ones doing almost all the innovation in ML over the last 5 to 10 years. GOOG employees wrote most of the research papers and good content that I go through for ML projects
Jose Stewart
My uvxy calls are going to be great tommorow
Dylan Phillips
one day I'll either die in Japan or live on a farm. 12 hours each day just to save up for farm life...is reading a good investment for the hidden time loss? The small little time areas just read in them?
Joshua Flores
>everything red except 2CRSI and Kalray Based AI.
Sebastian Mitchell
Chinese memes like IQ, HUYA gonna get fucking rekt today
Posting from my fap station By boomer stocks I meant the core market of these companies are mature. Selling data is no more innovative. That doesn't mea they won't try to look for growth elsewhere.
>Genetic manipulation Yeah, the CRISPR shit in biotech The whole gene therapy scene (especially oncology and AD/PD) Also the yeast chemical shit (AMRS)
>BOTZ I held that ETF near its inception It had a good run but has been trading sidedway since 2018. I gotta be less lazy and do DD on the underlying companies.
Good morning /smg/! How was your weekend? I had a sick Cuban sandwich and some good brewskies. Looks like I gotta dump this JD call, there's no way I can even make the hit less.
