We are all riding on /smg/-sama's shoulders 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
Redpill me on buying bank stocks, I've only ever shorted them
Caleb Jones
Mamma Merkel is getting criticized on immigration a tantrum by a faction of her coalition
Buy the EURUSD dip
Blake Wright
C is almost back to its 52-week low. Why can't what happened to ETSY today happen to any one of the two dozen particular securities that I own. rrr-REEEEEEEEEEEE
Banks are usually cyclical values They should be at the bottom of the economic cycle and people and businesses should need credit soon (plus the rate hike meme)
Blake Lopez
What ever happened to that dude that was running an unofficial hedge fund? I'm thinking he lost everything. Everyone thinks they're a financial genius in a bull market.
I can't imagine investing other people's money, especially friends and family. I'm perfectly fine with the possibility of losing thousands of my own money because at the end of the day the only person I have to answer to in that situation is myself but if I convinced my parents and all my friends to give me all of their hard earned savings and then I fucked up and lost it all I'd probably just an hero.
Ryan Ross
$AGMH
GOING TO $40
GET IN LADS
Isaac Gutierrez
I have BAC as well, no JPM, but I also have WFC. Definitely getting JUST'd hard by banks today.
Comfy returned the money to the investors He said he didn't find a rabbi to convert to judaism and that his body wasn't ready for so much responsibility
Easton Cox
best decision he made, he's not high IQ enough
Lucas Sullivan
Comfy went against common sense and did things like short the market and buy meme options so no, nothing to do with the bull market
>used the money to pay off his car Guaranteed ROI. Maybe he's smarter than I gave him credit for.
I never listened to his podcast, just looked at the website and his spreadsheet a couple of times. And lunchbro is shit. The only one of you with any sense is that big5 guy.
Angel Moore
I got sent (((most))) my money back like 2 weeks later
Nah I'm not that serious about lunchbro. He seems like a pretty cool guy but the last few lunches I saw (sandwiches, some time ago) were shit.
In a world where TSLA continues to climb despite being on the edge of bankruptcy I'm inclined to believe you. Whoever came up with efficient market hypothesis was full of shit.
Gavin Evans
look at that short ratio It is over 9000% of the float If the bulls have half a brain, they would just hodl and squeeze the shit out of the shorts up to MIDTEENS™
hodling is all well and good but it sure would suck to be the guy left holding the bag. at this rate it looks that person is going to be musk himself.
Ayden Carter
Apologies friend, I have to take up more responsibilities at work so I have to brown bag it usually twice a week and I'm trying to eat a little healthier. I gotta teach boomers how technology works and how to count money, it's time consuming :(
Colton Stewart
Oops, I was so focused on tesla i didn't realize you were talking about big5.
Truth is I have no place to hate on you. Just finished a salami sandwich for the fourth time this week. Ran out of bread so I had to use an end piece. I fucking hate end pieces.
Nathan Wilson
I just bought big5 unironically
Jaxon Sanders
It’s ok, that mongoloid beef salad thing you had last week looked good enough to make up for your boring days
Easton Campbell
shhh no tears only dreams now There is no stock that can be pumped more by a mass shooting than BGFV
Today is green as fuck
It is as if the market think the hawkish tone of the FED from yesterday is a sign of a very robust economy (why would the FED be hawkish if the economy is in the shitter ? BULLISH)
That means shitty companies get short to fund the longs on hype companies (eg TSLA and AMRS :^) )
Easton Reed
How long will it take for the trade to execute and what price will you get? I only trade mutual funds at the end of the day so I'm not used to real trading.
Oliver Young
Weed being sideways today as expected. Bought up a bunch of TBP calls just now at 13% below the previous buy price. Options aren't usually my jam but i saw an opportunity in the bid/ask on this one.
Kevin Gray
IQ went crazy today, BZUN pulled back, if you didn't buy BZUN at one of the several points today it touched 64 you should now. For anyone who took my DRYS posting seriously, It was not a joke, but you need to sell now.
stockrow.com/JPM priced in they could go up still, i just wouldn't call it a bear cycle. i don't know how banks work or why they're making dosh with 0 interest rates i assume most loans were not adjustable or whatever.
300 cash per share though, almost criminal.
Jeremiah Baker
Dreams were born on the back of memes. But for some dreams to be realized others must fail.
Michael Foster
DRYS and AMRS both became memes after they were shilled on /smg/ for a while. Same with NAK, the mineless mining company, and LODE.
Dominic Perez
this
Ian Diaz
It has to be small so his penis looks big in comparison.
Brayden Mitchell
When should I sell IQ? Bought 100 shares at $32
Brayden Jackson
AMRS was shillled here quite often. I got burned by it in early 2017 because I was a stock market newfag (and still am desu)
Then it was shilled again in early 2018 but the guy pointed to some solid DD another dude did and that got me interested
Now, I am a bit more seasoned, I read their financial reports, I did my models and I studied the sector. And I do believe in AMRS's story and their potential.
I am a Buffett-sama memester so I don't trade. I am currently hodling the bags, expecting the worst but hoping for the best.
Brody Russell
>why they're making dosh with 0 interest rates
They borrow money for next to nothing and then issue tons of credit cards with like 15% interest rates.
Jaxon Young
>And that other one, some kind of Greek shipping company I think.
I graduated from Buffet to Bogle once I realized I would never have the brains or the time to find good value investments. Now I just buy broad index funds and never sell. Maybe one day I'll find my GEICO.
I get pre-approved offers all the time in the mail for cards with 24% interest and $99 annual fees. Banks are making a killing on suckers.
Kayden Sanders
Think I should invest more?
Bentley Williams
If $300 per share is "almost criminal" then how do you feel about BRK.A?
Gavin Walker
I want to imagine a world where I continue to average 2k a week and gain an additional 2k to margin trade, continuing to pick winners. In 6 months I would have a portfolio investment of 240k with about 150k of it being mine. Surely Chinks can't carry me that far.
set stop loss, and move it as the price increases. If you sell at a specific point you'll want to shoot yourself in the foot if it keeps going up. This shit's a 60$ at least EOY. Since the chinks are irrational itll prob get there EOM
Ryan Hall
We can only dream lol. I remmeber back in 09, Baidu, IQ's parent company did a 10x in a few months. Shit was wild.
Henry Wilson
Most here would call me a pussy, but I'm a firm advocate for diversifying. Ultimately you decide what your limits are, if you want to invest more I suggest you do some independent research on it. I have roughly 10% of my portfolio on it with short stop losses.
Matthew Clark
You should sell all of it and diversify into index funds.
Jonathan Barnes
I have 30% of my non-crypto assets in (2000) shares. I dunno man, but I'm feeling the Netflix 2.0 vibe, godspeed
Nicholas Thompson
per share, the banks still have a lot more cash. But i wonder, theoretically if it gets too high, could you do a hostile take over and take all the money?
Nicholas Smith
Boomer detected
Jeremiah Kelly
>But i wonder, theoretically if it gets too high, could you do a hostile take over and take all the money? How would it work if it gets too high? Won't they still hold all the stocks, or the others still have them?
in that case it becomes winners/losers and feast or famine. It's a ways out but don't trust index funds over the next 10 years
Jace White
I've done that for 30% of my shit, but if you are holding some odd 20 stocks for the other 70% you are building your own personalized fund to reflect the sectors of the market you believe to be profitable. If you are active, young, and not a retard, I would suggest this every-time for people who watch the market daily.
DISCLAIMER: Anything I say on Jow Forums is not investment advice, it is purely for parody purposes, if the SEC sees this, let this be the official proof that nothing I say is related to my own beliefs and I encourage no one to follow my (Fake and completely for humor) financial advice.
Connor Martin
G
Anthony Harris
what's the really good chart software that comes with a no-minimum account that everyone talks about?
Brayden Powell
This desu, definitely hold some indexes, but you learn a lot by actively trading. You will gain way more knowledge about the markets by trading stocks in one year than you will holding indexes for 10.
Julian Richardson
I'm fine with getting only market gains (or losses) though with something like VTSMX. The looooong term trend is up, up, up
Oliver King
If you own 51% of the shares, you can do whatever you want. So if you have $169 billion, you could buy 50% of the supply at this price.
since cash/sh is 3x share price, you'd' make 3x profit. I think the only issue here is no one is rich enough to force the price up like that. They have so much money they're basically the richest in the world.
Tyler Perez
More knowledge maybe but you're going to lose money in the process.
Owen Lewis
>If you own 51% of the shares, you can do whatever you want.
Technically you can but the owners of the other 49% will sue your ass off if you do something that completely fucks them over.
Logan Moore
>More knowledge maybe but you're going to lose money in the process. thats how you learn
papertrading was worthless for me, since it doesnt allow you to experience FOMO, and learning how to fight your panicky reflexesive learned a few good $60 lessons from stocks that I never would have otherwise
This is what Buffett-sama did when he was young He would exploit the lack of liquidity of the information and find deeply undervalued companies
I remember reading him having bought out a bus company that was under the radar because it is a dying business. but he discovered the company has a shitload of treasuries on its balance sheet worth more than their market cap.