/smg/ - Stock Market General

Weekend Forex edition

How did you guys do this week? We are halfway through earnings, what's your plans and plays for the next week?

Popular brokers for stock trading:

Robinhood
>Commission free and no minimum to open
robinhood.com

>How is it free?
Robinhood earns revenue by collecting interest on cash/securities and fees from their Robinhood Gold service

Interactive Brokers
>$0.005/share, $1 minimum. 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

Degiro (Cheap broker for Europeans)
degiro.eu

Educational sites:
investopedia.com/
khanacademy.org/economics-finance-domain

Free in depth charts:
tradingview.com

Premarket Data:
nasdaq.com/extended-trading/premarket-mostactive.aspx
money.cnn.com/data/premarket/
cnbc.com/pre-markets/

Earnings Report Calendars:
biz.yahoo.com/research/earncal/today.html
earningswhispers.com/calendar

Biopharma Catalyst Calendar:
biopharmcatalyst.com/

Pump and Dump Advertising:
stocktwits.com

S&P 500 VIX Futures (For SVXY/UVXY, higher is better for UVXY, lower is better for SVXY)
investing.com/indices/us-spx-vix-futures

CNBC Live:
livenewson.com/american/cnbc-america.html
Fox Business Live:
livenewson.com/business/fox-business-network-fbn.html
Bloomberg Live:
livenewson.com/american/bloomberg-television-business.html

Basic rundown on options:
youtube.com/watch?v=TBAQtjyqNHw
youtube.com/watch?v=SuTTzfa4ePE

Previous thread:

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Other urls found in this thread:

forbes.com/sites/jimcollins/2018/07/24/as-tesla-begs-its-suppliers-for-capital-nio-has-raised-billions-from-some-of-teslas-key-investors/
youtube.com/watch?v=bFtcLJVN8yg
twitter.com/NSFWRedditImage

Feminine Penis is best penis.

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>TFW you're 32 and technically a GenXer

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Fourth for Bloody Monday.

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I actually hope that monday is a good gains day for me.

i shorted ccola and went long on tripadvisor on a hunch.

was i dumb

you get what you deserve

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Not gonna lie guys, all I want to do is be rich

I'm not talking, nice house and car rich, I've already got that

I want hookers and blow rich, I want yacht rich

I want so rich you need a bank account in europe rich

I grew up in poverty, no one in my family has made over 40k a year but me.

Cut your teeth forex trading then

That image desperately needs William Jennings Bryan

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>KHC after hours

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Who is this faggot?

>tfw went and got a trade, invested in stocks with everything i had to spare and am now going to college for free because i'm not retarded

I make 75k at 22 with a super low cost of living. Equivalent to 165k in San Francisco

I do online classes and am working towards a degree without paying anything because it all comes from investments. Yet, despite owning a house, having a brand new car, and a motorcycle, a wife and 2 kids, niggas still tell me I missed out.

Fuck your journalism degree Richard. You had a million handouts, I nearly starved to death. Fox and the grapes faggot. Call me when you can take a vacation to Vegas on a whim because money is free and you have plenty.

Someone who never quite became president kek

started trading options this month, after having done forex, stocks, and crypto. i feel like i actually know what im expected to make, rather than hoping on some random chart indicator to be right for once.

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many of the rich players around us are poorly setting up their legacy
they buy the best money can buy but they can't buy a good son or daughter, the meek will inherit the earth is a true statement at this rate
Continue your path; if you're truly not retarded then you'll be fine, won't you?

can somebody post a picture of that big5guy with 2 uzis with one pointing at his head real quick

>Equivalent to 165k in San Francisco
kys

I just started to dwell into stock market after trading forex succesfully.

Can someone narrow down important dates and reports to watch out on?

In forex you mostly watch interest rate changes, NFP reports, central bwnk and their monetary policy changes, import/export ratios, news and technical analysis.

I have no fucking idea about earning reports, etc.. In stock market and what to keep an eye on. I did well witj just TA, but want to combine fundamentals also.

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look into options for earnings play, if you like buying and holding, hedge by selling calls equivalent to your holdings

Nothing is a greater tragedy of our time than parents not raising their own children.

Also, bet on TSLA bankruptcy. The puts are dirt cheap compared to the implied rate of them defaulting on their debt based on CDS premiums.

So... you’re broke?

if you guys think /smg/ is cancerous.. just remember they have a facebook for robinhood traders..

TSLA is gonna be fine in the long term I think

This sounds simply amazing. Can anybody join? Maybe I'll revive my grannybook.

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based
you're gonna make it

The CDS was extremely low volume and not relative to the bond price. Probably intentionally done for a news story.

This. You can bet on hitting 7-10% lower than it is now. 260-270 seems a reasonable drop. Past that the likelihood isn't good. A lot of things with Tesla don't make sense to most people. See: Bonds instead of using equity. Elon is doing everything he can to not dillute and maximize his own % owned. That explains the bonds in 2017. He is betting everything on longer term gain.

The key thing to Tesla is that literally everything they are in is absolutely shit right now. Electric Vehicles, Solar Power, Home Batteries. All of these things don't make sense in the context of immediate profit. The thing is the underlying technologies are all improving. Tesla battery costs are decreasing. Solar power costs are decreasing, gigafactory 2. etc.

Meaning at some point they hit a tipping point and become massively profitable without the baggage other companies have to deal with.

The only way it goes bankrupt as people think is if the underlying technology completely fails. That's not happening in any of the things Tesla is in so far. Every car company is struggling to figure out how to do an EV strategy. Which is exactly what you want to see.

People forget that Fuel Cell Vehicles used to be the thing car companies funded thinking Hydrogen would be the future due to stored energy density vs battery. Now all those clueless people who thought Tesla was insane are putting huge capital into batteries.

If you look at all predictable branches of the future. The one in which car companies see that tesla made the right move and attempt to chase them is the BEST one for Tesla. It means they are doing things very right.

Solarcity is what people should focus on with regards to TSLA though. As that is really what drags the companies near-term prospects into murkey waters. They did a majority of the recent layoffs and cost cutting in that area though.

Keep in mind trump did solar panel tariffs and there is very little competition vs demand

I'm gonna be real with you, I work on a military base in a town of like 30k at most, and I've seen 6 or 7 Tesla cars. A lot of rural folk are looking into Tesla to for solar power in their homes.


When the average person thinks of Electric cars, they assume it's a Tesla. Short term, losses are gonna happen. But long term, Tesla is much in a position like Google was in the late 90s, either Tesla will fail or barely hang on like Yahoo did, or they with become the house hold name for Electric cars.

You're forgetting one thing. Trump just announced a space force. Who's the king of the space race right now? If I was going long term theyd be my #1

cant invest in spacex

Would be fun to see the IPO though.

SpaceX is the only non scam Musk is running, theres a reason its private

Tesla is in another "Waiting line" period. People really underestimate the effect of production picking up a little. The new owners become tesladrones once they get the car. Free advertising and every s o y boy in CA is going to want one after a while. This turns them into equivalent of apple people, buying the solar/battery hookup and going full tesla.

Regardless of economics of it, since economics basically don't matter in CA or most cities anyways one you get to that class of people buying starbucks every day.

Fuck, excuse me while I go short tesla

He's buying millions in stock still though. Wouldn't you do the opposite?

I just think it's nearing an inflection point. People on the bullish side see production hitting good levels and demand being very high. People who hate Tesla can't imagine demand being high and think production is full of problems.

Both are probably right about all of these things. The production was terrible and fucked up for sure. Elon shit his pants on social media. Thing is the competition is probably even worse at electric than Tesla. Considering the huge head start they potentially had and all they are doing is low volume shit box electric carts with zany designs.

I don't think you can discuss Tesla without mentioning the fact every other car company laughed at them about 4 years too long.

he 100% has to raise billions in capital and there is no way he can go back to the bond market, at best he does a massive offering that crushes the stock

Short term not long term

Don't underestimate what options are available to Tesla right now aside from those two. The potential options for Tesla are gigantic especially with partnership opportunities in platform.

Depending on configuration volume they make $3500 from those, $1000 for solar panel reservations, etc.

There are lots of tricks he can use. Tesla Scooter reservations.

I'm just saying it's not as simple as we might perceive and Elon is very intelligent and imaginative at this. Apple for instance is 100% aimed at electric vehicles as a platform for their ecosystem. A deal like that might be literally on Elon's table right now ready to be signed if he needs cash.

>wife and I are looking for a threesome
>match with a girl the next city over
>ask her where some good places to eat in her city are
>She says some cheap ass diner, has never ate at the 200 dollar min place I mention

I don't even know what to say.

Tesla is th leading electrix car company. Once they can get a sub 15k car out there, they'll be unstoppable. Fuck if I needed a cheap family sedan and Tesla had a sub 15k car I'd buy it because gas is expensive.

Tesla really needs to get an Electric Motorcycle out. It would be cheap, and the market has effectively lost Harley so Tesla can fill the void as this American bike company

It's probably wishful thinking, but imagine if Tesla has a deal like that on the table. It would 100% be under NDA, and Elon could be looking at it, go to media, say no need to raise money, and continue on until Tesla hits $0, he walks to the desk, signs it, and continues on.

You realize the company literally runs out of money this quarter without another capital raise, right?

ive heard this from biz like 5 times already
memes!

I would just hold my breath till wednesday at least. I just see far too many opportunities with Tesla. Many of them not mentioned intentionally.

There is something very weird going on with Elon and sandbagging Tesla so far.

What I mean is.

Elon is intentionally doing certain things over the past few months to sandbag the stock. I have no idea why. The wierd t

I honestly thought IQ was safe from this shit but is not. goodbye Netflix and IQ.

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Why is there never an earnings call in the middle of the day? It is always before open or after close.

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Truth be told, there was a report in WSJ about this capital raising.
Couldn't find the WSJ article but Forbes did a rather comprehensive write up of the Tesla situation.
forbes.com/sites/jimcollins/2018/07/24/as-tesla-begs-its-suppliers-for-capital-nio-has-raised-billions-from-some-of-teslas-key-investors/

I think Elon has something up his sleeve that will make the stock go up.

Not by a ton but still by a good chunk. Elon isn't stupid, but at the same time this two main ventures are proving less and less valuable. Spacex will never go Public so that leaves Tesla to hit the brunt of the shitshow

bro, he needs literal billions by the beginning of the year. Real cash, they won't be able to meet their obligations. Also, they promised 35K car and are delivering 65K cars

checked. He was trying to pump the stock for a short squeeze. He failed when an analyst downgraded after they hit 5k. Don't think calling a guy a pedo and doxxing seeking alpha posters is all part of the plan. That conference call is going to be entertaining af for sure though.

Is day trading on $100 even worth the time?

Because retail doesn't deserve opportunities to react

So the market can handle the huge spike. No option trading.

Its worth the time yes.

A friend of mine made 100 dollars off a 40ish dollar investment on microsoft calls wednsday

you have to be extra smart and you can make good calls and win big

There was something else to it. Things didn't add up logically. Like a missing piece to everything that Elon knew and held back.

That is my analysis, could definitely be wrong, but from all available information there is something missing that elon knows about.

My initial thing is that he is planning a new short squeeze.

Thing is yeah, he could have wanted to short squeeze sunday before july. Hoping for the +40 jump to trap the shorts. He might be out of ammo now and only able to do slight pumps.

Thing is I can't help but feel he definitely has some mega trap card in his pocket and was goading in shorts/puts.

>extra smart
extra lucky

Look if I'm not 80% sure I don't trade it. It's made me money even if I had to let some stuff go. I'm completely unsure because of his confidence. I still think it's going down but it's a 60% so I won't touch it.

there's always information that's overlooked, sometimes by accident and sometimes on purpose
you'll see it more when you peel back that layer finally

It's unironically a great way to experience the inevitable blowing up your account without losing a huge amount. I'm not being flip; $100 is cheap to learn that lesson

I learned it without losing money. Barely made the cut before it dumpsters and I would have lost 4k. No more risky shut for me unless the reward is equally as good. 1:10 reward to risk is retarded.

I definitely think it has a chance to reward shorts. I'm not going to argue it doesn't. Things just are not adding up. There is something to the picture that elon is either bluffing or hiding.

no go long SPX if you have approx. $3000 total and hodl
active trading requires capital or you'll just get fucked by fees and taxes m80

Yes I feel like this is going to be one of those slight greens before it either moons or dumpsters because there's good news and then the real thing that's up hits. We've been seeing these alot lately.

What if I have no fees and don't have a real job? Then can I daytrade my pittances

How accurate is this?

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And is only going up because Intel fucked up big. Wait until next generation to see if they'll be a thing or not.

>either bluffing or hiding
He's bluffing.
Elon has no cards up his sleeve he's a master at the "visionary" meme. To be bullish on Tesla means you think one of the actually smart people he's surrounded himself with by getting lucky + government help will be able to come up with something to save the company. Musk is his own figurehead

That does raise a good question; what kind of taxes are associated with day trading?

Elon wouldn't be calling pedos unless he had nothing to lose or no worries about gains

Short term capital gains

youtube.com/watch?v=bFtcLJVN8yg

Capital gains, basically income tax. It's 15% if you've had it for a year. There are plans that are tax free too.

This is what's not adding up. Is he selling the company or something to Apple including all his shares?

Something is not adding up for me. It's bizarre and I can't shake it.

1) get a job, you communist
2) Save 15% of your income in healthy, high dividend stocks and index funds
3) that's it

bro what are you thinking?
get a job and secure yourself financially at least in the short term with a reliable income before you think about memetrading
that is unless you're under 23 and living with your parents in which case daytrade if you want but getting a job and setting up a Roth IRA is still way smarter.
Roths are a massive asset on your journey to making it

One day in the future when I walk into a Best Buy or Microsoft Store and check out the computers, they'll all have a shiny AMD sticker on them.

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It all makes sense now. Teslapple.

Deduction finished.

China factory. Apple Car secrecy (R&D is going into Tesla). Elon musk was more concerned with proving manufacturing capability to Apple than to public or investors. Once he hits 5k steady the deals goes through?

That is what it seems like.

>Teslapple
has a good ring to it user I like this plan

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Tesla going to go down a lot on ER?

So how would one even bet on this? It all depends on the apple share transfer price which we don't know yet. Could be up or down.

ya'll need to remember Elon just wants to get niggas to Mars before he dies

He really doesn't give a shit about profit, stocks or any of that>

We don't know that's what this is all about. That it's not worth betting on such uncertainty. I refuse to believe musk would lash kit without a Trump card hidden and this apple thing sound perfect.

>tesla
>fan boys

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Why would apple buy a company for 50billion when it could wait until it shits the bed and buy it for under 5 million? TSLA is not priced for a buyout.

Tesla
A losing game.

Think they'll go the way of HMNY? :^)
(I love watching their stocks fall now)

Tesla is gonna be fine.

Spacex probably will pay for the growth

What about a merger? Or if they're just selling production lines and the car concept instead of the whole Company? Where exactly are the lines located? Nowhere important right?

literally illegal.

Exactly. It would be a ridiculous Buyout and a really bad Calls.

what if you've sold it all and re-bought the later dip a few times now?
my average price is $14.25 right now
but the first time i bought AMD stocks it was $5.00


also unrelated to stocks, but is anyones crypto on robinhood unavailable? cant buy or sell or place any kind of order all night

impending fugg, or just cheap broker temperary patch work?

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top fucking kek

Literally how?

>I own a burger joint
>I own a jew gassing plant
>jew gassing isn't too good this year, so I use profits from my burger joint to as more jews
>this is illegal

They have 4 lines (one in a fucking tent) that can barely squeeze out 5k cars while working 24/7. The lines are in fremont CA. The company has over promised and undelivered every step of the way, is on the brink of insolvency and is kept afloat only by its public image and a cult like following.

>own 24.6% of a burger joint
>own 54% of a jew gassing plant
>rob from 75% of your burger joint shareholders to pay for your jew gassing plant

It is literally stealing.

I hate cult brands

I want to get in on the walmart generic cereal market and margins.

>literally illegal.
only if they try to hide it (from either companies investors)

you can donate all your money to tesla if you truly wanted to, its not illegal for them to accept gifts of cash

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So you admit it's keeping afloat.

I guess I missed the day everyone got into GIS and cereal
Is the hype based on population growth or something else?