/smg/ - Stock Market General

*Sherwin-Williams Company (SHW)

>He's running this shit like a tech start-up. These are the kind of numbers that I'd only expect from shit like SNAP. Not my kind of stock. I am cheering for him though.
yeah im cheering for him too. imo he kind of has to run it like a tech start up right now in order to compete with other well established auto manufactures, changing the world won't happen over night. once the stock goes through a major down trend which im pretty sure it will, i'm going to load up, i don't like trading stocks that expensive with that high of market cap but i believe TSLA to be like a AAPL or NFLX in the future. i just don't think it's ready for me to be picking it up

i wonder what that millionaire euro guy from the other night ended up doing?

its pretty crazy to hear how terrible some of these banks are at trading. a complete invalid could do better than 3% in a year

>its pretty crazy to hear how terrible some of these banks are at trading
i thought about applying for a position as a trader at a local prop firm, I got over 50% return last year on one portfolio 20% on another and even on another.. i have other portfolios that are a little more complex.. once i thought about it though.. i decided against it because i'm not sure if id wake up in time to get to work im in California so id have to wake up at like 5-530 every morning.. i also wouldn't be able to jack off as much as id like which i feel helps my trading... so it kinda killed that dream

>3% in a year
The US government is now issuing bonds with a 3% return.
You have to wear a tinfoil hat or not even fucking try in order to get a lower return than that.

I think money market account for my bank might even beat that.
Decent (non junk) corporate bonds will beat that.

or... be a bank and just basically be fucking around with the money for shits and giggles. spending it etc...

>i'm not sure if id wake up in time to get to work
This is possibly my greatest struggle in life

The trick to a succesful investment firm is to always hire new blood
A new investor is not scarred by the markets past, and will take the risks necessary to make a 100% the first year

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imma just learn python real quick and run bots for the days i dont feel like paying attention to this shit

i've been trading for 5 years.. with 3 of those years being profitable with over 15%.. you don't think they'd hire me?

seriously... i started a handyman business and come and go as i please.. tomorrow im working for someone else doing flooring and i cant even sleep right now with the thought that i have to be there at a certain time. probably be my last time working for someone else desu

>non junk will beat that

you have it backwards. Junk bonds make at least 6% a year at the momoment, that is double treasury yields

that guy on here the other night said theyll hire you no matter what so long as you make money

No, not that your returns are bad, but a megacap dividend growth portfolio would beat that

50%? probably not. the question is scaling it up into a much larger portfolio. thats the hard part

>you have it backwards.
No, I don't.
I realize that junk bonds get higher yields because they are higher risk.
What I was saying was that EVEN non-junk bonds can beat 3%. Capital One was issuing 5% bonds recently.

>theyll hire you no matter what so long as you make money
I thought Wall Street liked to hire just Ivy League kids.

well, for instance, Berksire hathway buys out megacaps and then pays themselves higher preferred dividends
Banks can definitely do the same

>a megacap dividend growth portfolio would beat that
well i wouldn't be applying to manage a megacap dividend growth portfolio.. id be applying for us equities trader specializing in market caps under 300mil. if they don't want me then i dont give a shit i guess

kek
that one dude made it seem like all his buddies who were literal street criminals were all on the street. i thinks its just simply if you can deliver. they dont seem to care where you came from. atleast some of these prop shops dont.

oh yeah, I guess they have those small cap funds like viov
but I dont know how many years Id want if I was hiring expieice wise. For a hedge fund, Id say 5% a year for 20 years

ooh shit could you imagine trading something with a small mcap like that with 25x leverage on your account. wew my palms are sweating. sounds like a blast

i wouldn't even try.. if you are holding more than 25% of the avg daily volume and don't know what you're doing.. you're toast imo

>holding more than 25% of the avg daily volume
Fug. No. I can't imagine trading so much that it would actually slap the stock price around.

>prop shops
Ok, wtf is a prop shop? I've heard that term a fair amount and haven't cared to ask so far

>Fug. No. I can't imagine trading so much that it would actually slap the stock price around.
play around in OTC long enought and one day you might have a position that is more than the average daily volume, its shitty if you aren't paying attention

>Ok, wtf is a prop shop?
proprietary trading firm

see yal in the morning

I used to own half the marketcap of LitecoinPlus
I guess you could say I was sort of a Large Spec

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Kek!
Speaking of the conference call
bloomberg.com/news/articles/2018-05-07/musk-buys-9-85-million-in-tesla-shares-after-taunting-shorts
He was just beating down the stock during the earnings call so he could buy it on the cheaps!
Also, short interest is getting pretty high according to the article.
Could be ripe for some short squeezing... I think I'll buy a few shares tomorrow.

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based Musk

The more I see Short Thesis on Sucking Brotha, the more I want TSLA to succeed

Seriously, just look at the number of articles and comments about TSLA's future demise

And I am still waiting for TSLA to bring out compact cars and electric motorbikes.

its past bedtime for Good people

goodnight then murica bro

europenor keeping watch

For anybody else that likes to hold 3X ETFs long term:
seekingalpha.com/article/4121068-best-3x-leveraged-etf

CURE and DFEN would perform among the best for the past 30 years annualized if held straight.
SPXL/UPRO would probably beat it if rebalancing

Trump stop fucking around for that deal it makes markets nervous.

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DD too, for burgers

>litterally everything dumping
I'm split between selling my Valeo for shopping, or pouring more money in my investment account.

UVXY Inc. is pleased to announce the addition of M. Dick Craver Jr. into our senior management team. He will serve as our new President of Vice for Public Relations and Corporate Affairs.
M. Craver's extensive experience in internet communications and radiant personality will be a strong asset for UVXY Inc.'s further development.

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does he work saturdays though?

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M. Craver is fully committed to UVXY Inc. and has the interest of its shareholders at heart.
He will do whatever it takes to achieve the goals the company has set.

Checked Sir.
Our CFO Mr. Goldsteinberg will be very pleased with this new hire.

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I am bullish as fuck on UVXY Inc.
With M. Tyson as CEO, I am expecting some agressive growth strategy for the quarters to come

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Markets been a boring comfy bull ride lately. Who's ready FOR SOME CORRECTING?

I am seeing SPY bouncing off 200dma and btfo at 265

I fucking love these memes

I'm thinking about taking out a 15k personal loan from the bank to use as leverage.
I can definitely afford this. In fact, I have about 9k in the bank right now -- the loan would provide more liquidity though.
I currently have 20k in Robinhood for additional context.

I've been using Robinhood gold for 1k for over a year, which has a 7.2% APR, and is profitable for me financially... My car loan, which was for 19k, had a 3.39% APR.

Even if I somehow gamble away the entire 15k loan in a week (which history shows I won't do), I'll still be financially safe.

Does anyone think this is a shitty idea? If so, why?
With the way that I'd set up the personal loan, there shouldn't be a risk of a margin call.

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margin is the root of all evil.
better to find a sucker willing to not want their money back when you lose it

Would you be taking it out as a specific loan (car?) or personal loan? Wouldn't misusing a "car loan" for investments be illegal? Although I've heard of people using student loans before. The personal loans seem to start at 5% APR typically so you're not getting any upside compared to robinhood if you just use more gold. I'm taking out 6k for 5% atm. Interesting idea though

>better to find a sucker willing to not want their money back when you lose it
I heard managing other people's money is more stressful. Plus, I'd only be getting a cut of "their" profit.
Not to mention how I'd have to set up a mutual fund/hedge fund thing (unless flying under the radar -- which would be a bigger mess if I lose all their money and they try to come after me), and I'd be paying their taxes on Robinhood.

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>loan
>crypto

fuck me dead

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>Would you be taking it out as a specific loan (car?) or personal loan?
A personal loan.
>The personal loans seem to start at 5% APR typically
I think that varies by your credit score and the fed's bond rates.
I don't see why the personal loan rate should be that much worse, other than how the car is like collateral or whatever
>I'm taking out 6k for 5% atm
All on Robinhood? It looked like Robinhood caps out at 2k for 6% APR.
The cap on what's available is a big part of the motivation here. In addition to avoiding margin calls.

>crypto
Check the thread. This is /smg/.
My plan is to mainly keep it as a stockpile in SPY

Is it a safe to go to invest in military industrial companies? I’m a dumbfag.

No
Invest in love not war
Invest in GILD and GSK (for them HIV drugs)

Buy Lockheed martin

Northrop Grumman and Lockheed Martin are pretty solid.
I recently read that DFEN is one of the safest 3X ETFs to hold long-term

just buy oil, oil skyrockets with war, so does gold and silver.
the usd gonna fail, if us gets in another war.
and hide your gold

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we gotta do one of these for SPXS Ltd.

It's rather safe but they are already priced high rn.

IB and TD are a joke unless you are a boomer

Yes but avoid Boeing. Little known fact: Boeing has an underperforming side business selling commercial airliners.

TVIX or SPY boys?
Trumps talking about Iran at 2pm right?
Would assume markets would go down in fear.
Seems the opposite always happens though.
Markets are rigged

>Little known fact: Boeing has an underperforming side business selling commercial airliners
Fucking kek.
Anybody remember that time the CEO of Boeing tried to be edgy and tweet at Elon Musk that they were going to beat Space X to Mars?

My experience in dealing with binary, non corporate related events

Don't bother dealing with them and just invest in good companies.

Considering how incompetent Airbus marketing people are I can't even fathom how retarded Boeing civilian division may be.

Ever since the McDonnell Douglas merger, BA has been a defense contractor with a big ball and chain tied to it

tvix is cheap right now though.
only 6 bucks

They could, if NASA shovels enough money at them. Of course neither party wants to do that so it aint gonna happen

I guess it is just not my thing

I used to work for a AD&S subsidiary, gf used to work for AA, ex-gf worked for eurocopter and my brother works for AD&S. The whole company is a clusterfuck. But it still manage to somehow work.

Nah it scales according to your current equity in your robinhood account. I've attached the chart for you to check out.

You're right about margin calls, but unless you lose everything you shouldn't get margin called? Lol. I'm trading with 13k cash and 6k gold and looks like I'd need to lose 11k before I get margin called unless my calculations are wrong

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>eurocopter
*AH

Plan for today!
Short squeeze once 260 hit!

Me euro long REKT T_T

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I have a friend who worked on the A400M project, on the specification control side as a subcontractor
He said it was a fucking joke and wouldn't surprised if accidents happen with this plane

As subcontractors, his team's decisions and recommendation were always being overruled by the Airbus side because the project was already very behind on schedule

Morning all

Media don't talk about it but the niggers of europe (aka italians) are throwing a tantrum over their country belonging to the EU again
I think it is the same shit as last time and EUR will ultimately rebound
I think your timing was ill m8

I used to work for NOC, and it was a position where I had to work with the other major contractors, and the entire industry is a shitshow. But it's a rigged card game: none of the big boys are ever allowed to go bankrupt again after what happened to McDD, there's always exactly two companies selling any one type of product to give the illusion of competition, the SAP/SCI classification system prevents new companies from breaking in, and work gets spread around so that everybody has a share, like Milo Minderbinder in Catch-22.

I quit about a year and a half ago, couldn't take it anymore

EUR will eventually contain only France, Germany, and Luxembourg. But that'll take a decade or two to happen

Think it has more do with iran...
Also kek my long been open since December

Thought EU hit would hit ...1.5

ECB is still printing euros while the FED stopped printing dollars. EUR/USD is falling since the FED announcement afaik.

>Nah it scales according to your current equity in your robinhood account
Wtf. I have 20k in there, but I can only take out up to 2k.
Maybe there's a risk/volitility component because I'm definitely pretty high on that.
>but unless you lose everything you shouldn't get margin called?
If it's a personal loan, and I don't use margin on Robinhood, I'd never be margin called at all. The personal loan would be like an independent thing.

Was thinking about investing in Rheinmetall Defence.

In fact, I will see EUR dissapearing. What we should be betting is how long the ECB is kicking the can down the road and how many countries are willing to keep agreeing to it

Yeah, me too I was about to go short EURUSD if it hits 1.35
EUR being this weak will make Trump angry again
But I do think the major concern is about the italians

this
EUR is in a unsolvable position :
too strong and countries like Greece, Italy, Spain etc collapse because of being uncompetitive
too weak and Trump will call out EU on this bullshit and impose trade tariffs (and Germany, the main contributor of EUR, will see his favorite export markets closed)

Ugh this EUR/USD long grim .... 5 months of waiting RIP
look like gonna have have long up for another 6 months...

Anyone know how rollover works?

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EUR/USD for the last month. Nearly linear trend.
The ECB is low-key devaluating the euro to take the edge industrially and help France, Italy and Spain.

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Wait haha what the fuck. I think their system is bugged out at the moment. You're right only 2k is available at the moment. I could take out up to 12k yesterday. They'll probably fix it pretty soon if you go with the gold route

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>too weak and Trump will call out EU on this bullshit and impose trade tariffs (and Germany, the main contributor of EUR, will see his favorite export markets closed)
He's way too much of a pussy to do it. Honestly he already chickened out once.

Not sure if I'd be a fan even if that much does become available due to the risk of margin calls.

Think Orange Agent going to leave the Iran Deal?

What's the plan today? Still waiting for this GoPro dumpster fire to spread to the building. Still have my volatility longs, gold and bond shorts. Can't figure out what to open today.

Iran lied, there's literally no reason to stay in the deal as it is now.

Is it a bad day to hold USO?

>waiting for gopro fire

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