/smg/ - Smile Market General

Smiling while Trading edition

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

> 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

Degiro (Cheap broker for Europeans)
degiro.eu

Free in depth charts:
tradingview.com

Premarket Movers:
nasdaq.com/extended-trading/premarket-mostactive.aspx

Earnings Report Calendar:
biz.yahoo.com/research/earncal/today.html

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

Basic rundown on Options:
Part 1 : youtube.com/watch?v=TBAQtjyqNHw
Part 2 : youtube.com/watch?v=SuTTzfa4ePE

FED shitposting schedule
investing.com/economic-calendar/

previous thread

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Other urls found in this thread:

cnbc.com/2018/05/15/the-dow-is-doing-something-it-hasnt-done-since-the-80s.html
twitter.com/SFWRedditGifs

Spanish pulp.

might not be happening today

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Fuck gold, fuck bonds, acquire money

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>its a red day

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Can some one explain the dip on FXI?

MOMMY MAKE THEM STOP SELLING

ITS NOT FAIR THEY SAID WE COULD HAVE 9 GREEN DAYS IN A ROW ITS NOT FAIR MOOOOOOMMMMMMYYYYYYY

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because the whole chinese financial market is an exit scam

Whew ! Me should loaded up even more shorts kek

683 target of dump!

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baby needs gainz

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Pick up this cheap KO and Pep end of day

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TTWO earnings tomorrow. Load up on this dip. I shouldn't have to remind you RDR2 is coming this Oct, also BL3 was leaked by Canadian Walmart.

>BP still in the green
I'll never get the chance to buy...

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Just sold Bull Put spreads on XOP, FXI and a Bear Call spread on HYG. We will see what happens. There's more room for gold to fall.

How 2 buy DOWTOYS

>tfw SeaDrill saves your portfolio
Wew lad

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>Waiting for WTI to $72/bbl before selling my position
>Gets to 71.88
>Market open, red dildos down to 71

Fucking bullshit

cool. trying out my little volatility trap on SLV. if this works ill be able to sell the whole strangle for around 100% profit if IV moves up around 10%. not to mention the delta ill get for the put and the bearish bias i got

Are they right?
cnbc.com/2018/05/15/the-dow-is-doing-something-it-hasnt-done-since-the-80s.html

Based Dip
We will Greenday now

TVIX up 10% following big premarket earnings beat

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It's almost as if there's a trend going on

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>Dow will go higher
The answer is always yes

This. God thank you for the highs and the lows.
What did you anons buy in the dip?
I bought IQ.

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Dow is a fuckstupid index because of the weighting and everyone talking about it as if it has any real significance is a dumbshit

I bought DEO

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Based Coca Cola bottling consolidated

not seeing it

one of my favorite companies.

Just went all in on HMNY. How fucked am I?

HELP IM HOLDING WAY TOO MUCH SOXL

pic related

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How long are you holding the GLD puts? I'm going to evaluate them halfway through power hour myself.

What are some solid stocks to buy?

have you heard of a company called GE?

Pepsico, do you think Im joking or something? this is the year of the consumer

Until GLD hits $120, I have a strike in june and they're already ITM, but I think $120 is where I'm dumping them and going into something else.

Earnings after close today. Should I hold?

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dont let this BUD dip pass you by

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dilly dilly

anyone ever notice how junk bonds will reverse before equities? i cant tell if im just seeing shit or not. feels like junk bonds lead a little

Boys, it's on sale

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Huh, sounds solid

Even if it drops in the short term, you'll be fine. If you hodl over the summer, you'll get 500%+. That is if you can handle a loss of 50%+ in the mean time. Unless of course the shorts get squeezed, then you'll be rich as fuck by the end of the week.

You can call all these beverage companies dips but they look more like a downward trend to me my man

oh shit, Im taking this oppurtunity to buy a Silver ETF for a /Quickie Trade/

Its been 2 years dude. These massive companies went down because of two main reasons: Lots of aquistions and Transportation costs

this is literally the only year you have to buy them at these prices

SAM is better

which silver ETF?

USLV is my preferred

I have been looking into that stock last year
I was a noob and listened to the cucks on Seaking Alpha
It was $130 a share

It was a company with a clean balance sheet, nice margins and have a share buyback program. And given its size, it can be targeted by a takeover (last year, a nip company tried to buy it but didn't)

I thought you guys said HMNY would moon today on opening. What the fuck

Run away from HMNY. Go to SDRL if you want a company that actually has growth potential and inherent value.
HMNY is going to be gone by December after the Bogs take everyone for the ride of their lives.

should have just slept in

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The consumer trend in beer is for lower volume, higher profit margin. SAM led it, BUD and TAP are playing catch up

>wake up a bit late
>check BAC
>that volume at open

Now THAT'S what I call a squeeze. Thank goodness I slept in a bit.

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Trying some vertical put spread selling today on some bottomed out stocks, lets go.

>bought 6/15 USO calls
>waiting for it to go up
>now a month from expiring and still OTM
Shit, did I screw up?

fuck yeah dude, with the implied volatility up like it is you can grab more money than normal on that.

Anyone else long on XOM

>tfw same position
My plan is to dump my shit when WTI hits 72. Don't know for sure what that will be on USO. I'm not too nervous yet. Last four days have been sideways, I'd be panicking more if it was dropping. Definitely on the look out for an exit point though.

I just want to be sure it bottoms before I tie money up in it, I agree, with time there’s no doubt these guys will come back

fucking hell lads

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I want to open an options short on SPY to 260.

How do I do this on Robinhood?

Do I sell a put ?

do I buy a call?

Please I don't want to read just tell me what to do.

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Fucking Based
From Red to green

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Just gonna ignore robinhood for the rest of the day....... Green day tomorrow lads?

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Put = short
Call = long

What do you have your money in, HMNY?

Post most recent dividend you received.

$ALLY today, $AAPL Thursday.

Drip, drip, drip

Bruh if you can't figure out puts vs calls, buying vs writing, you should probably stay away from options.

Good idea

See you guys tomorrow

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Fucking lied to me about HMNY you pieces of shit. I lost so much money over fucking nothing.

do everything at once in equal prices and then just sit there and think about what youve done

Ok, Tell me when is SPY going to be $260, and I will tell you something to buy or sell that'll make you some money if you're right.

based chelyabinsk meteor man

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thanks for playing

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It's not a loss if you don't sell :^)

There is nothing I can do except go long.

stupid nigger. absolutely no one told you that the company was anything other than fucking dead. the only reason anyone even mentioned it was because of a possible short squeeze. if it doesnt get squeezed, itll go to nothing. simple as that. its your dumbass that didnt even think about any of this shit and just bought what pajeet told you to

but but...

the analysts said it will go to at least 10 dollars target price...

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make it back on BGFV

We will see where it goes, you dumb piece of shit.

I've got a dividend pending from MORL.

you could sell it for something that will gain like Ko

if shorts get cracked it absolutely could. and if it doesnt, it gets de listed, and soon

so... I buy a put .... then sell it when SPY hits 260?

Does it even matter if SPY hits my target?

Please! I'm literally retarded. I shouldn't even be in stocks anyways. Can you like take a picture or something of what I need to buy?

dumbfuck, im still long on it. have you never been in a short squeeze before? its a fucking battle

2 days after I decided to short VIX again we get episode over9000 the return of the Bogs. What ever, I can't complain too much, today's green as fuck for me.

This bit unironically. GE is done crashing. People thought it would actually go below what it's total assets would be worth lmao.

It's feels like a lot of cock and ball torture for foreplay before it gets to anything good.

Someone tell Cheeto to step away from First Lady Kidney Stones and start tweeting.

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i assure you it will be quick. theres a ton of interest on it right now on both sides. its evened up. keep an eye on the market depth and youll see one side slip. if you want out, take your opportunity then. dont do it now if youre down

Autistic question, is there a point to short selling a stock for capital to exercise an option so you can cover the put?

idiot people were memeing it

I just want to know what Option to buy that will make me alot of money when SPY hits 260. I don't care about stocks.

Its going to be 260 around the 23rd.

I've already done that! It didn't help!

WHERE THE FUCK IS THE ASSHOLE WHO SAID TO BUY IMGN?

SHOW YOURSELF YOU FUCKING PIECE OF SHIT

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>Its going to be 260 around the 23rd

Which (((technical analyst))) told you this?

Buy to Open $268 May 23rd SPY Puts. They're about $100 each and if you're right they'll be worth $800 each in 8 days. If you're wrong they could be worth $0, thanks for playing.

$V august calls. It'll come back up eventually so I'm not too bummed out but I ain't selling at a loss