Robinhood >Commission free and no minimum to open robinhood.com
Interactive Brokers >Cheapest trading platform for Europeans, very good API, anal registration process. $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) >2nd cheapest platform for Europeans, they announced an increase of their commission fees. Very quick registration process degiro.eu
There's still plenty of time to max it for 2018 so get on that
>At least I found out while I'm fucking 23. Seriously dude there are people who there who don't find out about this shit until they're 35 or 45 and miss out on DECADES of tax free juicy gains
Mason Clark
Thanks Short Strangle Officer!!!
>you're gonna be rich as Fick if you put 24k in you're retirement accounts per year starting from 23 Buddy, I still got at least 10k to 30k left over on top of this that I'm just dumping into RH. My parents raised me rarely taking vacations and I inherited a tenacity for saving from my dad. I make 92k, have no student loans, and I basically just pay for rent and food...
Nathaniel Johnson
True. Know people who mistake 401k/403b/457 for an IRA.
Eli Morris
if there is no movie by the time i come back from tacobell, ill be upset
I have contributed $0 to retirement besides robinhood, i made 7k two years ago, 8k a year ago, and 11k this year
how fucked am i if my engineering high pay job doesnt begin until next year?
I thought the 401k fed into a Traditional IRA or Roth IRA and that the 401k was what's capped at 18.5k
James Adams
Holy shit Thomas Sowell, he's my nigga also SELL AMD you're doing a lot better than the faggots kneepads deep in debt and living from one loan to another
Yeah can see that. I also know one guy who confused a Roth IRA with a Roth 401k. Knowing what is contained in the Annual Additions Limit is very important to understanding how to make these tools work for you.
Brandon Williams
That's still better off than most people desu.
Thomas Howard
kek it true even if me make 1k a day for next few years will STILL be in massive debt ;_;
save hard, HODL hard I hope you're not in debt user anyone else considering shorting leafs when trade talks fall through the floor and Trump slaps on the tariffs
That's pretty impressive that you were able to save anything while making 7-11k/year. Live at home or something?
But yeah dude, you don't wanna be playing around with your livelihood money in RH. The order of utilizing money should be:
emergency fund --> liquid cash for daily/monthly expenses --> retirement accounts --> RH/taxable brokerage
>how fucked am i if my engineering high pay job doesnt begin until next year? At 26 you still have lots of time if you get your head on straight for the next 4 years you will be doing much better than most 30 year olds
Luis Stewart
>Yeah can see that. I also know one guy who confused a Roth IRA with a Roth 401k. Knowing what is contained in the Annual Additions Limit is very important to understanding how to make these tools work for you. >confused a Roth IRA with a Roth 401k FUCK. Also me!
Aiden Moore
Why not declare bankruptcy and start over?
Michael Williams
why is your AMD in red, what did you do >0 debts you're gonna make it
Could be worse, when I was an undergrad I uh, made a lot of money and blew it on fun stuff. I'm pretty financially responsible now, but if I had saved some of that...
Best years of my life though.
Wyatt Edwards
It’s ok. You could be 38 and in the same boat like me.
It's nothing you really need to worry about until you get your first big boy job. Just keep learning about saving and having good spending habits and how to invest money once you have it and you'll hit the ground running. Having that knowledge + no debt once you graduate will put you years ahead of your peers who have to pay hundreds in loans every month and know nothing about saving/investing
Nathaniel Myers
right now with way taxes and everything me have set up debt not really effecting me, but will eventually have for declare bankruptcy once have payed off some stuff ;_;
Lincoln Peterson
There's a small chance that I'll do another lame ass Twitch stream tonight. Just kidding.
>i have no debt whatsoever, no loans, nothing >FICO is 751 though, so im ready I think my credit score is a 754. Having a small loan or two and multiple cards (but paying your loans off religiously and having low credit utilization on those cards) actually helps with your credit score.
>do you know any programming? I do that professionally :P The credit card company that I work for pays me 92k/year to do so.
Dominic Carter
It's okay you have time, I'm torrenting it now then have to upload it to google drive
Isaac Brooks
>shorting AMD and you don't seem to understaaaaand
leaves a lot of good advice. Also put some money away for retirement. If your job has a retirement plan with matching, put in the minimum amount to receive the largest match you can.
No worries. It can be confusing. You're not the first.
Angel Wood
so do you guise think that this weeks gonna actually be worth trading or not? last week was such garbage volume it was hardly worth it
i want some +1% days again for chrissake
Elijah Miller
I think I've been fairly responsible with my "investments" so far I lost about $10 when I first started out FOMOing and panic selling tiny amounts of stock, but I've obviously recouped my losses and made a significant profit by making a good pick on GALT (I have a stop limit on it equal to my average share price to help prevent losses if it gets bogged).
I've been pretty irresponsible with my spending until recently, mostly overspending on fast food. I've been more disciplined in my spending habits and started saving money recently, though.
Like the other anons said, better late than never. At least you're taking steps to get your shit together now.
I've been considering buying WPM (a gold and silver streaming company), the near universal negative sentiment on precious metals seems like a good contrarian indicator.
Blake Jenkins
if you think I'm shorting AMD you're doing it wrong literally SELL AMD, then sell AMD, then SELL AMD again, and sell again until it rockets up for next day I don't have to tell you to SELL low and sell high do I? you could also make your own startpage for practice, webm related
>what did they require you to know Their programming interview was basically the easy problems on leetcode. Just gotta have a very basic understanding of data structures. No hardcore algorithmic shit like the big 4 does. One of the problems was essentially just a for loop with an if statement in it. You're kind of required to have a CS bachelor's, but now there's a backdoor into the program for STEM majors in general...
>what do you do there? Well, that's very different. I'm currently writing a concurrent, resilient back-end service with scala, akka, and play. I've written a couple front-ends in AngularJS.
Ryder Barnes
typically this week pretty slow hedgies are all getting off vacations, planning strategies, haves meeting marathons with various people
next week should pick up tho into full EOY bullrunish
Nathan Baker
finna start doing that tbqfh
Henry Bell
It’s ok. I gambled on owning a business and lost. Also like this user said I’d pissed it away too. When I was making ok money I spent on stupid shit. Good times though.
Well, for what I'm doing, you need more than just a pulse, but you don't need to be a fucking wizard to contribute a lot of value. I also said that there's a backdoor for anybody that has a STEM bachelor's
Blake Jones
>any college degree
I never had the money nor could I get any financial assistance of any kind so I went a more street life route selling drugs and playing poker.
Leo Price
FUTURES R OGRISH
RIP GOLDEN BULL
VIVE LE BEAR
Isaac Cook
weren't there posts addressing this weird shit in market vol a few threads back
nah, well maybe there equally strong selling / buying interest would be surprised if there big move any time soon
@_@
Luke Robinson
Ok, I'm really new to this shit and this might be a dumb question, but anyway...
When I look at historical charts, almost every single stock seems to eventually go up to a point where you can sell at profit. Sometimes it takes an hour, sometimes it takes 10 years. But it seems to happen on every single chart I look at.
So why do most people lose money in the stock market and talk about how hard it is? Couldn't people just hold their stocks until they make a profit, even if it takes 10 years? Is it just because most people panic sell when they start to lose? Because that's the idea I'm getting
John Thomas
it is kind of bullshit. what state are you in?
Grayson Wright
friendly reminder that the entire world is on halt until America comes back from vacation all movement in the markets can be ignored
>Couldn't people just hold their stocks until they make a profit, Most FOMO faggots don't have that patience. Retail is especially big on get rich quick this quarter if not this month if not this week if not this very same day. It can happen, but that's fucking rare. It really comes down to a battle between greed and patience and if you're really willing to be a bagholder for a shitty company.
Ethan Jackson
No man, thousands of stocks have gone to zero, there’s inherent survivorship bias
Robert Reed
great state of texas
Gavin Harris
Because most people are extremely impatient and want gains immediately
Kayden Peterson
Shit! Forgot to post the survey near the top of the thread!
that's what I'm thinking. Traders lose money. People who hold their stocks for years don't
But it doesn't matter. It's practically guaranteed to go back up again eventually
Josiah Campbell
Doesn't Texas offer free state university tuition if you get like >30 ACT and >3.5 high school GPA or something like that
Aiden Roberts
Hindsight is easy when you look back at any point where it would have been a good time to buy or sell a stock.
In the moment, greed and fear are very powerful motivators to continue to hold a stock or just sell and get out of the market. Fear of losing out to other gains (which are happening in the moment) could cause someone to not want to hold a stock for 10 years (which could turn profitable later).
As you said, panic selling leads to some of what you are seeing. Possibly impatience and other factors.
So that's why you asked about laundering money earlier kek don't ask here or you'll become liable, like that plebbit faggot that bitbleached hillary's harddrives keep your opsec
