/longweekend/ edition. How are you spending your time /smg/? 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
Futures are not "mooning", they're tepid, at best. Mooning is not .3%, dummy.
Besides, the market is all over the place right now, it can start green, and shit the bed by the end bell. Trying to predict anything right now is about as pointless as doing TA on bitcoin.
Adam Long
sorry you missed the gain train bro
Eli Fisher
Finished charting, want to trade.
Cooper Powell
Kek. This. I might buy if it hits 6k.
>How are you spending your time /smg/? Still working on my ML model. Found a good reading source -- financial-hacker.com
Aiden Price
AMD overshot, back down to 12. Maybe see a run-up back to 14 by earnings after correction.
Caleb Smith
I'm really interested in how this bonds market is going to play out. Italy is sending US treasuries up on a run. wsj.com/articles/hedge-funds-raise-bets-against-italy-bond-yields-soar-1527255926 US 10 years are obviously getting overpriced, but I'm wondering how far it can go and if I shorted too soon. Italy's new government could lead to a Brexit 2.0 situation. I'm also wondering if my puts on TLT have a high enough IV that I won't make any money, like with SDRL.
Lucas Rodriguez
14 this week.
Robert Hall
correction starting to slow down, dow and sp500 might just starting to catch nasdaq and russel 2000
It will be delayed, Conservatives get into power and nix it. Game over.
Noah Carter
Not with this much cash on the table. Also not with majority public sentiment saying legalize that shit.
Cameron Bell
Anyone recommend some good reading material for getting into stock trading?
Adrian Turner
they be grow they own seed
Angel Martin
By the way, short positions against the sector are approaching/may have exceeded previous all time high. If senate behaves as expected the squeeze will be monstrous. Last time shorts were near this level in December 2017, the whole sector doubled.
Jose Thompson
One of the other tripfags/namefags has a thread full of reading materials over on 8ch. There's a few things in the OP and Martin Shkreli has some good YouTube videos. I honestly think the best way to get started is skipping papertrading and going right for the real thing with Robinhood (if you're in US), and just put in money that you are perfectly comfortable with losing. I started with just 500 bucks.
That's some good info. That's fucking ripe for a squeeze. If you go through indicidual companies, the highest number for "days to cover" could be the best indicator for some real gunpowder kegs. Yahoo finance typically has some pretty good info on short interest.
Kayden Williams
I'm still alive just haven't been shitposting.
Expecting a green week, with the first two days of the week red. Good luck anons I probably won't shitpost this week as well
Adrian Flores
Stocks I'm currently in: SLB - oil industry FCX - copper Uniti - REIT high yield dividend MRVL - superconductors
Ryder Stewart
Nasdaq will open tuesday at 7023 on the mark, I had a vision, screencap it and put it under your mattress
Adrian Ortiz
Thanks for checking in, senpai
Charles Clark
I want to try dropping 50 euros monthly on stocks as an alternative way to save up. Wondering if it's even worth the effort with such petty sum. While it will add up over the years, I can't diversify early for shit, right?
When I started with 500 USD, I only went in on 80% S&P 500 and 20% pure AMD stock. There's a fair share of stocks for under 25 USD. With that little capital, active trading fees / commissions will eat away at your gains as a euroland poster, since you guys don't have Robinhood.
Landon Wilson
It's a start. Set up an excel/google sheets overview for your investments, update it weekly. It's motivating to see it slowly track up.
Easy to make big % gains when you're first starting out.
Hey, speaking of Tim Horton's, consumer confidence in them here in Canada has dipped this year. Food quality has gone down under the auspices of their foreign parent company (Restaurant Brands International), prices have gone up, franchise owners are pissed about the way parent company is managing things now. Stock has been in bearish pattern since October 2017 falling from a high of $88 down to a low in April of $67. It has recently made a rally back up to $75 but I'm not sure I believe that reversal has long term sustainability. May see about entering short if it pushes in to the $80's again.
Blake Rodriguez
MU demands your penises. You're going to draw charts for MU, look into my eyes. Don't turn away. You will draw charts of MU to guide us from darkness. You're the shepard, don't you see?
Yeah I was looking into puts on TLT, but when I was talking to my dad he said that with interest rates increasing that it would actually be good for bonds. Even long term bonds. I'll share what my current strategy is; I'm thinking that I'll find some companies with a lot of dept and look into buying puts on a few of them since interest rates are rising. The rising rates paired with a company holding a lot of debt should negatively impact company's evaluation, in time. But I still need to evaluate what choices I have. As long as there's excessive debt that the companies are holding, then it will qualify for consideration. Perhaps Fitbit or GoPro has excessive debt, that would be nice. Thoughts?
It's sad how much I anticipate to see /smg threads.
Matthew Long
picking some up on the next dip
Angel Young
What do the penises think of this? Sounds ripe for some penis drawings.
>he said that with interest rates increasing that it would actually be good for bonds. Even long term bonds. That would make them look more attractive, but I think that couldn't be more wrong. There's an inverse correlation between bond prices and bond yields -- a bond yields more if it costs less. It's the exact same thing as saying dividends (proportionally, as in, as a percentage yield) are going up; that happens when the stock's price goes down.
>I'll share what my current strategy is; I'm thinking that I'll find some companies with a lot of dept and look into buying puts on a few of them since interest rates are rising. The rising rates paired with a company holding a lot of debt should negatively impact company's evaluation, in time. Yup. That's actually how that works, I think. A credit bubble is a common cause of a recession. Thus, when rates went up too high, that caused companies like Wells Fargo, Fannie Mae, Freddie Mac, auto dealers to get fucked hard -- bringing on the last recession.
>But I still need to evaluate what choices I have. As long as there's excessive debt that the companies are holding, then it will qualify for consideration. Perhaps Fitbit or GoPro has excessive debt, that would be nice. Thoughts? I've profited off shorting Fitbit already. Those are 2 of the shittiest tech companies in my book (and I love to play tech companies). This, in addition to speculation that tech is getting overvalued makes those companies at the very minimum a solid hedge against the tech sector facing another correction or even a crash. I like it.
Jeremiah Williams
I heard it only got that high as a result of a short squeeze. The earnings last quarter were a dumpster fire.
These threads are fucking solid. Possibly the only corner of Jow Forums that isn't just screeching nonsense. r/wsb is horseshit. Lurked there for months. They made fun of a notorious lolcow that was going long VIX back in the summer/fall. The poor fucker just didn't have a proper strategy for the impending volocaust. Whole subreddit was just a bunch of fucking plebian lemmings. Jow Forums offers the most forward and honest advice on the internet. Even knowing that Reddit gives shit advice, you can still fuck yourself over. I haven't touched that site in more than 6 months.
Brandon Morris
>only left 6 months ago youre late
Mason Price
>1929 Fuck. Kek.
What do you mean? I didn't have anywhere to discuss this shit after the /rgt/ threads died out around a year ago, and gave r/wsb a try.
Luke Carter
>1929 >Fuck. Kek.
Yep. Written pre-crash.
Leo Wilson
That hole was "whale trench" imo Sone whale sold bunch P for spot trade, then put money back in P once finished
Apollo is the Antichrist
Jayden Reyes
Before crash EVERYONE became stock operator! From shoe shine boy to musician everyone traded stocks. A hallmark of market crash is trading becomes part of popular culture right b4
Kayden Allen
>apollo gave her the power of prophesy >figure of tragedy
is /smg/ just a greek tragedy, and we're leading towards the climax?
James Robinson
Yeah I find some good info here. I know the rules, do the opposite of what Jow Forums says but I do the opposite of that. I only lose money when I'm gauging stocktwits for option plays.
I don't think whales don't have that kind of impact when the market cap is over $1B. The market cap changed by at least 25%, which would be a swing in a stake of at least $250M. The dip and rise of over 25% are almost exactly 6 months apart, so more likely something involving earnings or earnings forecasts.
I think that kind of happened in the .com boom, and resulted in the "new paradigm" meme.
>Automated tea leaf trader ML model soon >I swer
Stocktwits is almost just as bad as Reddit. They're eternally bullish and will ban you for any dissent. Makes for a good sentiment gauge, but I wouldn't trade off it as a human, maybe use it as input somewhere tho. I don't think you have to be as careful with "do the opposite of what Jow Forums says in /smg/. Still take everything with a grain of salt, but a few posters are pretty knowledgeable and high quality.
Kevin Cooper
Good morning /smg/. I think I'm gonna take part in an ICO, company is Kalray, they make AI-based CPUs and controllers. pic kinda related
I would say that the only sensible bet on crypto is that it somehow behaves like old days' gold (universally accepted, unfalsifiable and decentralized). Today's gold is manipulated and heavily controlled by government (eg. good luck trying to leave a country with a sizable amount of physical gold or lel paper gold)
It may or may not happen and the story is still unraveling.
And I also think the only crypto worth a damn is BTC because it doesn't aim at being "useful" or anything else. It just wants to be a crypto and internet meme money.
Plus, although there is an official team behind it the Bitcoin name (btw don't trust what they say or do because they are actual people, they surely have an interest and can't be trusted), the core chain is more or less on its own and its existence cannot be backed by anyone.
Also 2 scoops, shouldn't you be sleeping ?
Blake Miller
>I also think the only crypto worth a damn is BTC because it doesn't aim at being "useful" or anything else wew lad top tier investor
Brody Barnes
if it doesn't aim to do anything, investors can't be spooked when it fails. Though they're advertising lightning a bit too much for that. good for investors though, the team says "uhh maybe a few decades and it will be ready"
Dylan Cooper
I agree. BTC is the only crypto worth anything, and most blockchain tech is purely hot air. I won't trust any of that shit about blockchain being innovative and Bitcoin not being the real innovation here until I see an application of it that doesn't have a currency component. >Shouldn't you be sleeping Yes, but that's not my lifestyle.
Lincoln Bailey
I checked, the company is a former start-up from my own company. Patents they base themselves on seem solid. Anyway gonna put half of a salary in it.
Jaxson Mitchell
My thoughts are, if something is useful, then it WILL someday be obsolete and replaced.
Let's stop the discussion about shitcoins and exit scams as it is a stock market related thread.
Jason Sanders
Try using the platform behind one of the ones that claims to do something meaningful. Protip: you can't. I saw Lisk, and was like "oh shit. you know, the alt-right could really benefit from one of those server-less, distributed, robust servers... And Cheese Pizza distribution too." Then, I tried looking into how the fuck to run a website off of it. Guess what? You can't. It was giant fucking meme. All those shitcoins are giant fucking memes.
Jaxson Flores
>Let's stop the discussion about shitcoins and exit scams as it is a stock market related thread. Good call. The ICO shill almost gave me AIDS.
I think my next shot at this ML model will use much more fundamental analysis and a much longer time span. I think this will reduce my need to use tons of indicators, feature engineering, and improve accuracy. I keep getting carried away with the reading part, distracting me from the doing part. On the bright side, it has helped me find and make my expectations more realistic, in that an 80% accuracy is supposedly irreproducibly good.
Landon Moore
I find that in finance only practice matters. You are right when you make money.
I gonna finish my school application papers and then do DD on some meme stocks
(also long ROAD, their ER is on 6/4 BMO)
Mason Wilson
doubtful. way too much good shit going on with MU for it to pull back that far.
65-70 run up to earnings on the 20th then, and only then we will see a sell off which might throw us under 60 for a few weeks. I think at worst we hover between 60-63 and pull back to 58ish.
Jayden Scott
Godspeed, user.
>doubtful. way too much good shit going on with MU for it to pull back that far. >Cassandra I was totally kidding about that comment, but don't put all your eggs in one basket
Jacob Hall
I can't wait to trade, desu sempai. Waiting for Tuesday patiently.
I wish I had a long weekend. Had one last week but it wasn't enough.
Adam Johnson
I'm not ready to be a contributing member of society yet :(
Jaxon Baker
It's still better than being a student, for sure, but I actually miss summer break a lot.
Nolan Adams
I usually interned over summer break or had some kind of summer job. Winter break or spring break were alright. I think the internships were a little less stressful than full-time employment
Cooper Morales
I interned on the summers for the last 2 years of eng school, but still it was a break compared to the school itself. Gonna take 3 weeks of vacations in august I think.
Juan Lewis
While I agree that most of this space is full of ponzi memes, there are some legit use cases of the tech that could also be good investments, i.e. securitized tokens.
Wyatt Edwards
I've been thinking the same, this is why i'm lurking Jow Forums, I can set aside 50 euro each month, but I am yet to take the step as the sum seems too insignificant for me
Brandon Garcia
Once again, the tech is useful and can have value The token is worthless even if it is essential in the working process
Imagine a bigger company buying out the tech. What of the token you are holding ? Wouldn't the big company create a new token solely for the internal use of their system ?
Aiden Cooper
I truly have yet to see a single legitimate, working use case for the tech aside from Bitcoin. And, it's so bad that I don't even want to look into any of the projects out there anymore. Also, this is a stocks thread. Let's talk about stocks, and not shill shitcoins.
Aren't SPY/SPX futures up today? Any updates on the bond situation?
I would wait for tomorrow to see the trend of the major US indices I read an interesting article abour USD, EUR and the turkroach situation
As you probably know, Turkey has a debt problem which labeled in USD. And it seems eurobanks (like ahem Deutsche Bank) have been doing borrowing USD and lend it to the turks... And it seems every turkish economic and financial metrics point to a probable default and that will surely trigger some USD short covering
In fact, I am thinking of the possible margin calls for those euro cuck banks... will they have to sell their positions in equity to meet them ?
Is staying in cash and going long JPY and bonds a good idea ?
A team at my company has developed a blockchain-based product tracking services for agrobusinesses, as far as I know it's what the suits believe the tech is good for.
Owen Hernandez
Meant for
Samuel Bell
Ok great But what profits will I have if hold the a token related to this tech ? Will someone buy this token from me ?
Jeremiah Brooks
0 profits for you, I fear. It's designed to cut costs and make logistics easier. It's not going to be a public thing.
Austin Jackson
good now extend that to many of the shitcoins in existence
Dominic Baker
I know my friend, I am not shilling crypto here neither. There is usecases for the tech but I don't think alt currencies are a viable one
Colton Peterson
oh great
Easton Price
>I read an interesting article abour USD, EUR and the turkroach situation Was it the WSJ or seekingalpha that I posted?
>As you probably know, Turkey has a debt problem which labeled in USD. And it seems eurobanks (like ahem Deutsche Bank) have been doing borrowing USD and lend it to the turks... I heard that the way that this is working with the Italians is that hedge funds are short Italy, and long German bonds (or possibly US treasuries -- my guess, but the article only said German bonds) >And it seems every turkish economic and financial metrics point to a probable default and that will surely trigger some USD short covering I don't believe that anybody is short USD -- I believe that they would actually be long USD relative to Italian and turkey... A few things to clarify: 1) Is Turkey under the same situation as Italy? That's my assumption right now for the extrapolations that I'm making. 2) By USD, do you mean US treasuries? would shorting USD act the same as shorting US treasuries? I can't into the behavior of actual currencies just yet.
The following is what I've certainly heard: Italian bonds are being HEAVILY shorted against German bonds.
>In fact, I am thinking of the possible margin calls for those euro cuck banks... will they have to sell their positions in equity to meet them ? I'm not sure if that's how it works. Goldman Sachs is an investment bank, so they do equities. But, most banks don't necessarily do equities. I think they normally just use those savings accounts to find loans -- mortgages, auto loans, etc. but don't really use those funds from savings accounts for purchasing equity in corporations. They might finance the APR / interest on those savings accounts with bonds as well.
Jack Russell
>And it seems eurobanks (like ahem Deutsche Bank) have been doing borrowing USD and lend it to the turks... And it seems every turkish economic and financial metrics point to a probable default and that will surely trigger some USD short covering Also, AAAAAAAAAAAAAAAAAAAAHHHHHHH I'm shorting US treasuries right now, so (((biased))) But, assuming USD behavior is roughly US treasuries behavior, or that you meant US treasuries by USD: TLT is flying up right now, and the last couple days are a RESULT of the Italian bonds meltdown from what I've read. TLT is going up because people are going long TLT -- long US treasuries and short Italian bonds -- they are shorting Italian bonds relative to US treasuries. So, TLT shorts are getting squeezed right now over the craze to short Italian bonds
Henry Scott
>A team at my company has developed a blockchain-based product tracking services for agrobusinesses, as far as I know it's what the suits believe the tech is good for. Is that company IBM? lol (you don't have to answer that -- it's somewhat besides the point) Why would you use the blockchain for this? Who is incentived to run the mining rigs? For those incentivized to run the mining rigs, why the fuck don't they just use a regular database instead? I obviously understand very little about this problem space, but I just don't see how it's solving anything or an optimal solution.
Wyatt Diaz
It is from the blog of a French fund manager. He is very clear and educational about macro stuff
I meant USD was shorted but not today
Turkey ans Italy have different issues but they are related to the euro banks
Turkey is like any third world shitholes unable to carry out healthy economic development. Now is the time to pay and they can't. The problem is that euro bansk are behind the Turkish loans and they probably will have to write them off as NPLs.
Italy is a political problem. It seems they are getting serious about leaving the Eurozone and they may be the niggers of Europe, they actually underwent economic reforms and austerity: - they have primary budget surplus - they have trade surplus - their public debt is held mostly by Italians (and for people who say debt is a problem, I would say it really depends on who owns them and in which currency) They can really leave the union without much hardship
Jordan Cruz
Our customer on that one is undisclosed, can't tell you much about it. The thing would be, rather than using a large database for the whole supply chain, they would store the products life cycle on the blockchain for traceability. I don't know the specifics, I work in manufacturing, not software.
Logan Butler
Stupid veterans dying for our stupid freedom Stupid dollar stronger as heck Stupid SPY moving .25% up
I still don't understand well the relationship between USD strength and bond prices. I feel they are not simply opposite to each other. Right now, long treasuries (treasuries short is a very crowded trade and the FED doesn't seem to make unplanned addtional rate hikes) But USD isn't going to go up as the FED is willing to let inflation float. Also, all this clusterfuck will surely trigger some margin calls on (and trigger selloff on other assets classes). That is why JPY is being bid heavily these last few days.
