The StoNks thread

[Gwaihir]

The game is buy low sell high. Not bemoan the fate of a once great American company who used to command $30 a share

HOPE THIS HELPS! Seek Christ and a ledger

13992

I am with Christ, already. Thanks though.

[Cassawary]

https://www.project1999.com/forums/attachment.php?attachmentid=13992&d=1612377925

I am with Christ, already. Thanks though.

https://youtu.be/DUb-Jg3Mjys?t=168

[Gwaihir]

https://youtu.be/DUb-Jg3Mjys?t=168

13993

I got you, Wonk.

[Gwaihir]

....
All I wanted to do was read some forbidden books, bros.

[Zipity]

Sadly all the kids that said they would hold are selling and getting stops triggered via laddering

it went down to 90ish and i bought another 2k , it should still go up a bit more but the moon thing isnt happening, also the big funds shorting the stock got a cash infusion which is bigger then the meme investors could produce and they shorted it from a much higher number

that means they will make even more and alot of kids who bought in at a high price will lose alot

i invested money i dont care about because i have a ton and can afford to lose it, gamestop is NOT a real stock and whats happening to it is completely artificial

So did you sell today or you still holding your 2K shares at 213 and 2K shares at $90?

[Kaveh]

My AMD cost basis is $71, I bought a ton a while ago and then again at $60 but sadly this year at $88

Not sure the $88 buy was good. The market is rotating out of the tech bubble

[imperiouskitten]

i got the 100k get on r9k

that's a true story

[Zipity]

i bought in today in the 80s and sold in the low 100s then bought in again

going to do this everyday

What about your $213 shares you holding or sold those at $100 too? And wow you bought it at near perfect bottom sold at near perfect top then rebought at what price? Would love if you could grace us with a post here after your next purchase so I can make fun of how you are in fact stupid and suck at stock trading.

[Kaveh]

I’m about to sell my AMZN. I’ve made a lot from holding for years and also re-upping in March last year. But they are pissing me off

[Zipity]

AVXL looks like it might be the target of a big short squeeze... Huge short interest vs float with small market cap and heavy heavy buy volume after hours. for all you crazies interested in flipping a quick buck that thing is gonna be crazy volatile tomorrow.

[imperiouskitten]

AVXL looks like it might be the target of a big short squeeze... Huge short interest vs float with small market cap and heavy heavy buy volume after hours. for all you crazies interested in flipping a quick buck that thing is gonna be crazy volatile tomorrow.

thx :)

[Jibartik]

https://youtu.be/DUb-Jg3Mjys?t=168

These guys and Guy Fieri are two of the goodest things that have been shit on constantly by people that claim that they are the goodest people.

[Zipity]

thx :)

Be careful probably gonna be a rollercoaster lol.

[Zipity]

AVXL already up 100% premarket now yowza

[Kaveh]

Re-upped RDS-B, AMD (not sure about that being smart), and gambled slightly: 50 shares of BFT

[Kaveh]

I think I’m shell’s biggest shareholder at this point. Probably stupid BIGLY

[imperiouskitten]

Hi, me reporting in. Bitcoin is up about 50% to a new alltime high in the last 5 days, like I have repeatedly & recently predicted, and I made a lot of money.

[Kaveh]

You can buy and sell Bitcoin and make money, but you are akin to the brown kiosk hawker at the mall if you do

[Kaveh]

Also, Elon did that, not your prediction bud

[imperiouskitten]

predicted by plenty, Dylan Ratigan's influenced me the most tho. You must be way up that one guy with the 4 baby mama's ass to identify it with him huh?

There ain't much glory in a buck made this way, but hey what is speculation after all :p i'm not micromanaging on the volatility or anything, my time is valuable. So don't get it twisted. Big swangs only, like you on Elon's nutz.

Swarthy kiosk vendors rule the world, but only artistic honkeys truly enjoy it. I'm just copping their style a bit for some walkin around money. I won't grow an extra nose or anything. I'm not sure why this post reads like 3 different posts, i guess you got me to rage triple. But maybe it's YOU who are mad about your 6% year over year, GE bro

[Lune]

i got the 100k get on r9k

that's a true story

I was there

[hobart]

Also, Elon did that, not your prediction bud

I told my wife to follow him on twitter and go 1-2K on anything he tweets about in a positive manner. His fanbois are more fanatical than trumptards.

[Kaveh]

Bitcoin always goes up and down, Elon was responsible for the recent spike

It isn’t hard to make money on it. Who cares? I plan on passing down a legacy, not driving a Bentley and pretending I was happy because Instagram created my vision of life

Go fly a kite Budnick

(Hobart I tend to not quote. The above is directed @ budnick and his weird rage at thinking he was smart for buying a dip in Bitcoin, not you)

[magnetaress]

Kaveh demonstrates pride.

Imperiouskitten is really happy. She just wanted to share that happiness. It wasn't meant as cruelty or superiorty. You can believe me and her on this.

Let her be. Stop being jealous of her blessings.

[imperiouskitten]

Bitcoin always goes up and down, Elon was responsible for the recent spike

It isn’t hard to make money on it. Who cares? I plan on passing down a legacy, not driving a Bentley and pretending I was happy because Instagram created my vision of life

Go fly a kite Budnick

(Hobart I tend to not quote. The above is directed @ budnick and his weird rage at thinking he was smart for buying a dip in Bitcoin, not you)

haha u are mad

i just wanna take care of my family and buy my dad a cabin, rude man. in fact i've specifically pooped on expensive car drivers so there. Also too old for instagram. Also also, is it not smarter to buy something that goes up 50%, than GE? It's all speculation, whether it's shitcoins or old company valuations. Dollars made are all the same, so it embarrasses you to get so triggered by bitcoin.

You shouldn't try to turn budnick into some kind of supercruelty, you'll make jeff sad and wont hurt my feelings. The best disses land, but don't land. Don't RP too dense in a rage or you'll look like you-know-who that's been stalking me. Fact is, I achieved beyond the average like I said I would, and envious minds resent. But anyone can be happy with confidence and the humility to evolve and an open heart, that's the lesson of J. Wishing u good cardio health in spite of old+brown+rage and knowing im smarter than you + prettier than ur wife at 20

[imperiouskitten]

I was there

jah bless

[Kaveh]

Calm down eunuch

[imperiouskitten]

fine :p

[Gwaihir]

I'm up 85% since July rn.

[magnetaress]

This is gonna be the richest vid game forum from 1999 on the planet that isn't really here.

[Jibartik]

Bitcoin always goes up and down, Elon was responsible for the recent spike

This much I 100% agree and from this point on I will buy whatever the f he tweets about whenever the f he tweets about it.

[Kaveh]

What do y’all think about Garmin? I keep not buying and it keeps going up

[Jibartik]

Im just eating crayons waiting for elon to tweet.

[Jibartik]

elon tweeted and now dodge going down the tubes is the run on it over?


he is going to get in so much trouble for market manipulation sometime soon I just know it.

[Gustoo]

What do y’all think about Garmin? I keep not buying and it keeps going up

They are the main game in down in aviation industry, and they are the main game in down for the much reduced hand held gps market. I don't see them going somewhere unless some newtech company buys them out by seeing an opportunity for ad revenue or something.

I don't even see any competition for them. I dont gamble but would buy garmin stock.

[Gwaihir]

This is gonna be the richest vid game forum from 1999 on the planet that isn't really here.
Oh snap. I've infected everyone here with virus-23

[Knuckle]

i went heavy into MMED recently.... psychoactive mental treament is on the horizon. the next weedstocks frontier.

[Gustoo]

What weed stocks were successful? I thought all the canadian IPO's tanked.

Psychoactive medical treatment is definitely on the horizon though. I agree.

[Knuckle]

What weed stocks were successful? I thought all the canadian IPO's tanked.

Psychoactive medical treatment is definitely on the horizon though. I agree.

if you just got into weed stocks recently yeah, alot of them were penny stocks in the $$$'s now from 5 years back. Magic Mushroom/LSD/etc that type of treatment is on the cusp of being legalized and becoming a valid prescription therapy in the next 1-10 years. Could be accelerated by legalization of marijuana resulting in a more optimistic timeline. Plus Reddit has some eyes on this stuff which can artifically inflate.

[bubur]

lol i bought weed stocks the other day thinking i was clever and that itd be legalized soon

didnt realize it was becoming a meme stock. they lost 25% today. guess ima be hodling on to these for a loong long time boys

[bubur]

how bout pfizer tho,

they had a bad drug trial completely unrelated to covid bring them down but everyone forgetting that they were one of the first on the street for the vaccine; regardless of what you think of it, they are going to be hitting big contracts for that for the next several years

down low today, i bought a handful

[imperiouskitten]

yeah unfortunately pot stocks are very microcap and very memey. I am dead scared of them because I tend to assume they are all overvalued. These are all local dudebros who get their community to invest in them as well as take it public. Easy to run in to inflated prices. Pot competition is also very tight at least up here, retail locations do make a killing because of limited licensing/etc but most growers are totally at the mercy of the retail end if they aren't vertically integrated. The only successful pot baron I know got there by being a Seattle jew with a pre-existing alliance to the blacks clique in city council that got him licenses for a bunch of locations. among the less fortunate I've seen like a thousand bags of 30lbs of weed going in the trash because there is nobody to sell to and I guess the stuff rots. Also a family sized pizza box filled with stacked sheets of concentrate, the box weighed like 10lbs lol

It's like Warren Buffett says. If you don't know what the hell is up with a market at all, don't mess with it. So far as I'm concerned pot market is so oversaturated, and stocks are still so dependent on the whim of the state that there's no way I could keep up with them and react timely to arcane news.

[Knuckle]

lol i bought weed stocks the other day thinking i was clever and that itd be legalized soon

didnt realize it was becoming a meme stock. they lost 25% today. guess ima be hodling on to these for a loong long time boys

I think weedstocks can still fit someones portfolio, depending how young/old you are and your finances, theres nothing to say that federal regulations lifted wouldnt skyrocket a large chunk of t hose stocks. I'll probably try to pick something thats hovering in the $1-$5 range and pick up a few hundred to gamble with.

[bubur]

ye these weed stocks are 40 year investments at this point, literally refuse to sell at a loss. will give them to my illegitimate children if i have to. fuck u reddit

VA just went for legalization tho, apparently they have till 2023 to get it done. if VA can do it so can you

[Knuckle]

yeah unfortunately pot stocks are very microcap and very memey. I am dead scared of them because I tend to assume they are all overvalued. These are all local dudebros who get their community to invest in them as well as take it public. Easy to run in to inflated prices. Pot competition is also very tight at least up here, retail locations do make a killing because of limited licensing/etc but most growers are totally at the mercy of the retail end if they aren't vertically integrated. The only successful pot baron I know got there by being a Seattle jew with a pre-existing alliance to the blacks clique in city council that got him licenses for a bunch of locations. among the less fortunate I've seen like a thousand bags of 30lbs of weed going in the trash because there is nobody to sell to and I guess the stuff rots. Also a family sized pizza box filled with stacked sheets of concentrate, the box weighed like 10lbs lol

It's like Warren Buffett says. If you don't know what the hell is up with a market at all, don't mess with it. So far as I'm concerned pot market is so oversaturated, and stocks are still so dependent on the whim of the state that there's no way I could keep up with them and react timely to arcane news.

Maybe some of the real big retail ones are a safe bet, as they are already stable in X Y Z markets, and probably have more deals lined up if feds remove the tape?

[imperiouskitten]

Maybe some of the real big retail ones are a safe bet, as they are already stable in X Y Z markets, and probably have more deals lined up if feds remove the tape?

yeah that sounds ok :)

[Gwaihir]

The thing about weed stocks is...
No one gives a shit about "brand", whatsoever.

So, investing in a publicly traded company that sells weed is not all that wise, unless said company can somehow dominate by market-share aka shelf space, while also being the cheapest option available for it's THC and CBD stats.

The larger a corporation gets, the more bloated their beurocracy is, which is added costs, meaning they don't scale well, like marlboro does in the tobacco industry because marlboro is able to win by market share, and their branding efforts.

[Gustoo]

I have experience in this space as a businessman. Most of the companies I know that have made an IPO are not good operations, and are leaning heavily on capital raising efforts versus good operation efforts. Their branding efforts are generally made to appeal to potential investors more than consumers. Many of them have a weak understanding of consumers and have grown to be a "large" for cannabis company more through lobbying success in their local region rather than being a meaningful player in the cannabis community.

The robust operators are not publicly traded and do have a brand that has meaning, which they protect. They are vertically integrated. The space (in california) is messy and there are very few I would place an honest bet on but there are some that I would jump on if they were to make an IPO but the reality is that the market isn't that big so I don't think any of the good companies with real stable growth are going to be making an IPO any time soon.

And the people that are capable of running a company with a lot of investment money and operating it in such a way that it is actually profitable are not wasting their lives on something that is still illegal at the federal level, so you really don't get the top grade C suite guys on board. Most companies TRY to make it look like they have grade A executives but those execs are generally guys that don't cut it in an industry that performance actually matters. None of these guys are successful virgin group execs that decide to go take a cannabis company to the limit. They are guys who have some existing but insignificant track record at any name droppable company that can appeal to investors that are not the smartest. Not that they are dumb, but I think many of them are duped.

It's not like when cannabis became legal all of a sudden everyone over 21 breathed a sigh of a relief and started buying cannabis once a week.

When it comes to dishonest twitter bets the stock doesn't matter so who cares.

[Jibartik]

ukXQGBpXaVM

[bubur]

pfizer has NOT been doing well for me, but neither has most of anything anywhere

got another hot take for you

PBR

down because CEO was ousted due to scandal, literally always immersed in corruption. but the reserves in the amazon and infrastructure petrobras has is immense, wonderful recovery stock, it simply has to come to fruition, despite the short term shitty leadership, could go down to 6. but will definitely go up to 11, in which case you should sell before the next shitstorm. i bought at 7.50 myself, its a holder for a cpl months

im not a financial advisor and i eat crayons, just fyi

[imperiouskitten]

roaringkitty's pretty cute. reminds me of a certain extremely intelligent p99 poster i met irl

[Disease]

roaringkitty's pretty cute. reminds me of a certain extremely intelligent p99 poster i met irl

Yikes.

[bubur]

I told you plz never to talk about our secret meeting to my online elf friends

[Kaveh]

Oil and banks up, tech down

I still think buy index funds when the market dips!!!! You can’t outperform the market!!!!!

Hope this helps!!!!!!!

[imperiouskitten]

I still think buy index funds when the market dips!!!! You can’t outperform the market!!!!!


But I have, tho

[hobart]

Oil and banks up, tech down

I still think buy index funds when the market dips!!!! You can’t outperform the market!!!!!

Hope this helps!!!!!!!

I've been putting $250/week into FXAIX for the past five years or so. First trade day of every week like clockwork. My IRR is close to 14%.

I've hit my share of homeruns going on my own, but I've had my share of losses too. I can't do better than 10% overall on my own and I'm probably giving myself too much credit saying 10%.

[Toxigen]

VTSAX, set and forget, stop thinking you're smarter than Warren.

[bubur]

i think you misspelled roblox

https://www.fool.com/investing/2021/03/08/roblox-ipo-march-10-things-to-know/

[Kaveh]

I've been putting $250/week into FXAIX for the past five years or so. First trade day of every week like clockwork. My IRR is close to 14%.

I've hit my share of homeruns going on my own, but I've had my share of losses too. I can't do better than 10% overall on my own and I'm probably giving myself too much credit saying 10%.

That would be great returns over the past 5 years. Good on you

[Jibartik]

I was like, what publicly traded gyms are out there there, I bet those are going to be down and are gonna be booming this year, oh look theyre trading 80% higher than they were before the pandemic, I guess this whole entire system is totally fake after all.

[Kaveh]

What is compound interest, the thread

[Gwaihir]

If all of my put-credit spreads finish out of the money in time for the quarterly options' 04/16 expiration, I'll be looking at +200% ROI over the past two fiscal quarters. So far, 3 out of the 5 tickers are above the top of my range by 25% or more, and the other two are exactly in the middle of their spread's range. Even if those 2 tickers expire at a complete loss, i'm looking at a 100% gain over the two quarters, and I have other people praying for our family's investments for me, because of the whole self-serving-is-a-no-gud thing.

[imperiouskitten]

4% roi is all u can hope for

-a brown man, who is racist

[Kaveh]

Index funds do about 11%, + compound interest. When you get 20-30% returns and then sell in a taxed account, you aren’t actually outperforming index funds

Hope this helps big J. You don’t have the options trading autism required for actual outperformance of the market, despite your ego. The advice is solid, take it or leave it

Also, getting a job is also sound financial advice

[Gwaihir]

Index funds do about 11%, + compound interest. When you get 20-30% returns and then sell in a taxed account, you aren’t actually outperforming index funds

Hope this helps big J. You don’t have the options trading autism required for actual outperformance of the market, despite your ego. The advice is solid, take it or leave it

Also, getting a job is also sound financial advice

circa 30% tax for the average income earner on a standard trading account, if short-term gains; 15% if the underlying security is held for a year,
at 20% gain this equates to a 14% net gain, at substantially higher risk than parking your investments into an index fund far less likely to suffer catastrophic less, yes, but we both know J is trading short-term and not working, because that's not really a problem if you have a 100k goose-egg paying you 30k/year; since the standard income/short-term tax rate on 30k/year is paltry.



Trading in a Roth with no intention to withdraw more than your net contribution under any circumstance (aside from the first-time homebuyer's allotted access toward borrowing up to 10k in gains before retirement), however, or even within an IRA if you've no intention to withdraw until the age of retirement where "employment income" is replaced with "Ira-withdrawal income" with a house owned in the clear is the way it should be done.

With that said, if losses are incurred in either IRA vehicle, they have no tax-writeoff benefit so THAT is the real unclear risk of these vehicles.

Then again, if you aren't gambling with your retirement with the expectation that your children and your grandchildren will be forced to pay for it anyways, you aren't doing it like Dad or America does it, so there's that.

[Kaveh]

Gwaihar I believe you can outperform the market. But for most, my advice is solid

Big J discovered day trading the last year of an 11 year bull market when every investment was great due to dips post covid, but somehow he’s a financial genius. $1000 in an index fund in 2008 would’ve outperformed everything he’s made in his entire life, but again, an understanding about financial basics, like compound interest would be required here.

[Gwaihir]

Gwaihar I believe you can outperform the market. But for most, my advice is solid

Big J discovered day trading the last year of an 11 year bull market when every investment was great due to dips post covid, but somehow he’s a financial genius. $1000 in an index fund in 2008 would’ve outperformed everything he’s made in his entire life, but again, an understanding about financial basics, like compound interest would be required here.


At my really good friend since High School's birthday party 2 weekends back, someone else brought up stocks, and my boy is like "dude, I'm strongly considering just giving (Gwaihir) all my money to invest because I thought I knew what I was doing, but apparently I'm retarded and he's still killing it."

The thing none of them realize, is that I don't intend to keep this strategy long-term. After I build it up to a certain threshhold, I will be putting the vast majority of the egg into flat (unleveraged) index funds, and only continuing with a 10% exposure to the more lucrative options spreads i'm currently diversified across.

For clarity, a substantially sharp movement past my calculated "top" and "bottom" ranges could wipe me out to completely having to start over again since I'm leveraging small windows outside of what i believe to be a "feasible" range.

[Gwaihir]

Btw, remember when I told you all ET would be returning to its obama-era glory under Biden? They're up to almost 9$/share now from 6.45 despite pulling the plug on the Dakota Pipeline fiasco greenlighted by the Obama administration.

Dfen is up to 19 from 11 as well

Petrol warmongers gonna war. If you don't like it, they have a 7million dollar ballistic on the way to change your mind

[imperiouskitten]

Index funds do about 11%, + compound interest. When you get 20-30% returns and then sell in a taxed account, you aren’t actually outperforming index funds

Hope this helps big J. You don’t have the options trading autism required for actual outperformance of the market, despite your ego. The advice is solid, take it or leave it

Also, getting a job is also sound financial advice

relax fat aladdin, Juris is pretty into the index funds and he's outperformed me. You don't have to sell me. I'm just rubbing in your face that I've made 150% returns in 5 months on gimmickcoins, where most of my money is, despite knowing they are nonsense and am about ready to buy a house now, up from homelessness 2 yrs ago (without working).

born princess ~

[Nexii]

Index funds have done well for me. Had some managed funds from last job, they didn't perform well. Even with 50% employer kickin I would have been as well off dumping unmatched contributions into index funds. It was kind of a wash.

[Gwaihir]

Wheaton Precious Metals is looking really good right now for a long term investment. If you don't remember, I was telling you all back in october of 18 that as the almost sole provider of nickel and cobalt throughout the world, they would be on fire over the next few years. They've doubled since then and announce earnings today, with major american auto manufacturers beginning to express that they will no longer be producing gas vehicles (GM) by 2023. Expect Ford, and others to follow suit as this progresses, increasing demand for cobalt and nickel used in EV batteries, as well as steadily increasing demand for the magnetic material they harvest in the process of mining nickel-cobalt, because electrical generation requires magnetic material as well.

If sound harvesting technology advances (Kaveh, hint* your engineering aims should be bent toward this) the demand for permanent magnets will only increase as time goes on.

[Jibartik]

https://youtu.be/kxh2X6NjuhY?t=88

[bubur]

pbr recovering as the stones foretold

GOOD until the next scandal

[Jibartik]

China & India making BC illegal?

Does this stop people there from buying BC? No.

But people buying and selling a consistently high demand, high return, illegal substance, has no effect on the stock price of "HEROIN"

So, the same could happen to BC, if goverments say to they need to make it illegal so they can properly govern, I could see dumb ass normal people agreeing to get rid of it, the same way they agree'd to get rid of marajuana, a completely obviously good thing.

Is BC going to be banned into oblivion? Idk

Might it be? Could be.

Will it be soon? idk maybe.

Ways to make BC illegal:
-Make normal people it causes reefer madness.. I mean that it's a tax on our energy and causing global warming.
-Make people think it makes you lazy.. I mean make people think that it's unstable so our economy is at a greater threat of downswings
-Make people think it increases crime.. criminal orginizations can use BC
-Make people think you cant propperly manage a socialist country.. the only people that support BC are literal fascist nazi's

I could see it happening.

[Cassawary]

China & India making BC illegal?

Does this stop people there from buying BC? No.

But people buying and selling a consistently high demand, high return, illegal substance, has no effect on the stock price of "HEROIN"

So, the same could happen to BC, if goverments say to they need to make it illegal so they can properly govern, I could see dumb ass normal people agreeing to get rid of it, the same way they agree'd to get rid of marajuana, a completely obviously good thing.

Is BC going to be banned into oblivion? Idk

Might it be? Could be.

Will it be soon? idk maybe.

Ways to make BC illegal:
-Make normal people it causes reefer madness.. I mean that it's a tax on our energy and causing global warming.
-Make people think it makes you lazy.. I mean make people think that it's unstable so our economy is at a greater threat of downswings
-Make people think it increases crime.. criminal orginizations can use BC
-Make people think you cant propperly manage a socialist country.. the only people that support BC are literal fascist nazi's

I could see it happening.

https://i.imgur.com/03QwG0m.jpg

(did I do lulz right?)

[Snortles Chortles]

https://i.imgur.com/WJI74zF.jpg

[Cecily]

You really do have a meme for everything. I'd love to know your process. Is it googling really quick or do you have a big database of pictures with words on them?

[Jibartik]

I'd love to know your process.

Dudes been jacked into the internet like Johnny nonmonic since Johnny nonmonic.

[HalflingSpergand]

Def got his immunity shots

[bubur]

gwaihir i wanna hear bout your dfen position a lil more, if youd indulge

i was in at like 17 left at 18.5, because i didnt have faith. now i see it risin, but still not confident

srs question does it perturb you it's a leveraged dividend that didnt move much for almost the entirety of 2020 or you feelin strong on this one? knowin it's ez to say that since its at 21 today

or is this purely a defense market = dfen idea? because thats what drove me away; I will be the first to admit i dont know what the fudge it means to be a 300% performance index and yet not move when portions of the index are fluctuating

[Jibartik]

Im a beleeber

[Gwaihir]

gwaihir i wanna hear bout your dfen position a lil more, if youd indulge

i was in at like 17 left at 18.5, because i didnt have faith. now i see it risin, but still not confident

srs question does it perturb you it's a leveraged dividend that didnt move much for almost the entirety of 2020 or you feelin strong on this one? knowin it's ez to say that since its at 21 today

or is this purely a defense market = dfen idea? because thats what drove me away; I will be the first to admit i dont know what the fudge it means to be a 300% performance index and yet not move when portions of the index are fluctuating


I sell puts on the stock I wouldn't mind owning, at 10% below the ticker price 3 months out.

For Triple leveraged stocks, I sell puts at 30% below the ticker price.

The only way I come into possession of actual stock, is if the price dives 10% (or 30% if its a triple leveraged like DFEN), pocketting the premium in the meanwhile.

Once I do come into possession of 100 shares of the underlying stock due to the price actually falling to trigger an execution of the sold-put option on me, I sell calls on those shares at 10% above the strike price that executed on me (or 30% if triple leveraged etf) and then every time those calls expire worthless because it fails to actually go up 10 or 30% in that quarter, i re-calculate what a 10% increase from the current stock would be (or 30% in the case of triple leveraged) from its current ticker price as each quarterly stock expires.

This year, the "quarterlies" were/are Jan 21, Apr 16, Jul 16, and Oct 15.

With DFEN, I had 300 shares that triggered back in October for 11$ (which i collected 150$ per contract on in premiums)

I then sold 3 calls for January at 16$ (i got a lil optimistic and priced my markup at +40%) and collected aother 150$ in premiums per contract.

Total gain was 2400$ (150x3 in sold-put premiums, 500x3 on 11$ cost 16$ sale, and 150x3 on sold-call premiums) on an investment cost of 3300$.

I also won bigly on my Nikola puts.


Anyhow, this quarter I'm being a little more aggressive since I assumed everyone would be fully retarded this quarter investing confidently with a retard in the presidency, and so I went all in on put credit spreads for even money returns, with literally no securities in my portfolio at this time.

When the fantasy of Messiah Joe wears off after this quarter's options expire on Apr 16th, i will be sitting entirely liquid waiting for the market to pull back 7 to 10%.

Once it pulls back 7 to 10%, I will be taking put credit spread positions on all three major indexes only, stating that they will be up 10% in 1 year (and up to 2 months depending on when the next quarterly of 2022 expires,) from the then-price of SPY, QQQ, and DIA with the bottom of the put-credit range at the price of where the ticker is currently at after it falls 7 to 10%.

For example: Right now, SPY is 397/share.

This means if it had a 10% pullback the price of SPY would be at about 360/share.

+10% from 360$ is 396 (but the quarterlies for next year are priced in 5 dollar incrememtns)

This means, in this situation I would SELL a put for 395$, WHILE Simultaneously BUYing a 360$ put. This constitutes a 3500$ put credit spread, but the premiums are paying even money, so you're investing your 1750$ vs the market's 1750$ in delta between the prices of the two puts you're using as the spread.


Currently, the price of the options market prices a +10%/0% put credit spread on SPY one year to 14-months out at even money (a 100% return, approximately)

for example: right now it's 396.21/share. +10% would be 39.62 higher than its current price: 435$. Set your exp date to teh first "quarterly over 1 year out: March 18 2022, 435$ put currently sells for $5581 (because its 100 shares per contract). Likewise same EXP date 395$ put sells for $3473.
435$-395$ = 40$ spread (x 100) = 4000$ in the spread
5581-3473 = 2108$

This means out of that 4,000$ in the spread, the market would be playing THEIR 2108$ against YOUR (4000-2108 =) 1892$
2108/1892 = 111.4% gain potential.

This means when I make this move, if the index of the S&P500 recovers from the 10% pullback within 1 year, I will over double my money WHILE getting that money at the long-term capital gains tax rate on my standard trading account. Because I do not net 80,000$/year in income, but only gross 55k in salary with 4 dependents and a wife, after deductions my Gross Adjusted Income is less than 40k.

This means that I can literally double 40k invested with a long-term plan for free: no tax at all on it, so this is my plan on my standard trading account.

For my ROTH which doesn't have short-term gain considerations; i simply just continue doing as I've been doing, which is what I described foremost, above.



This second example is pretty much the standard play any competent investor should be doing when the market is pushing an all time high. If the risk of a prolonged recession scares you, then just widen the spread to a number below what you think it is possible for the market to pull back to, or instead of betting on a 10% increase, bet that its gonna be flat a year later, with a range that goes down -25% from the index price.

the only reason why you would invest in index funds, flat, without optioning into possession with a sold put, is if you think a massive downturn or a prolonged bull market is more than likely, because for all intents and purposes "pullbacks" (-7% to -13%) "corrections (-14% to -20%) and even "recessions" (-20% to -33%) are typically recovered within a year, and there are generally 3 pullbacks per year, a correction every 2 to 3 years, and a recession every 10 years statistically speaking.

[Gwaihir]

To clarify on the last part, February/March 2020s market downturn technically qualifies as a "recession".

Most people don't consider it a recession, however, because A) it was artificially contrived by hoaxing a pandemic, but more importantly B) it was the fastest recovery from a recession in stock market history in the US, and it occured under Trump's leadership, so that automatically makes it bad to acknowledge, if you're a total dumbass.

Likewise, 2018's "correction" was one of the fastest recoveries from a correction in stock market history as well, and Trump made recovering from a "pullback" a regular occurrence that lasted than a month throughout pretty much all of his presidency.

Sleepy joe is overdue for a pullback, or more likely a correction coming in Q2 or Q3 this year. Meanwhile he is raising taxes on everyone across the board, while celebrating the Fed jacking up interest rates, and later this year the Fed will be forced to announce the inflation rate increases, which most experts are estimating at 6 to 7%. The guy's fucking clueless when it comes to money. It took his and Obama's administration almost 5 years to recover from the 2008 recession. It will be interesting to see how we fare under the helm of a geriatric, with a(n actual racist) prosecuting attorney as his VP.

[imperiouskitten]

Dudes been jacked into the internet like Johnny nonmonic since Johnny nonmonic.

def not lol

[Gwaihir]

Now to get back onto DFEN. DFEN, while more vulnerable to major pullbacks and net-zero decay when the underlying stocks oscillate about the mean, is not on a downward or flat trajectory this year (and for at least the next 3 years) precisely because globohomo are warmongers.

It took all of one month for Sleepy Joe to start lobbing 4 to 11 million dollar ballistics at Syria, brought to you by Raytheon and Northrop Grumman, despite the fact that Boeing should still be at its March 2020 low because they've essentially sold almost nothing since then.

Anyhow, as globohomo continues to pound the drums of war, attacking Iran is on the near horizon as well, because "reasons" I'll leave you to figure out. Regardless to say, they're the next target after Syria, because N Korea brought the serpent's den in through the guide of China a couple months back.

[Arvan]

You sound really really upset that trump lost rofl

Move on my man

[Cassawary]

Sleepy joe is overdue for a pullback, or more likely a correction coming in Q2 or Q3 this year. Meanwhile he is raising taxes on everyone across the board, while celebrating the Fed jacking up interest rates, and later this year the Fed will be forced to announce the inflation rate increases, which most experts are estimating at 6 to 7%. The guy's fucking clueless when it comes to money. It took his and Obama's administration almost 5 years to recover from the 2008 recession.

https://i.imgur.com/q46L4QH.jpg?fb

[Snortles Chortles]

googling really quick a big database of pictures with words

[magnetaress]

Our civilization will crumble unless every American has the technical expertise and capital to lob cruise missiles on missions of Freedom, God, and Liberty Justice for all.

[Cassawary]

googling really quick a big database of pictures with words

https://i.imgur.com/eXXcXsX.gif

[magnetaress]

Our civilization will crumble unless every American has the technical expertise and capital to lob cruise missiles on missions of Freedom, God, and Liberty Justice for all.

Individually and independently.

[Gwaihir]

BTW, if you're looking for a nice long-term single-security hold without any leveraging or option shenanigans, ET should fare well over the next couple of years.

at mid-8$ atm, should be 14 to 17$ over the next year or 2.

[Gravydoo II]

Lol sleepy joe beat trump the alpha teir god gene super hunter 9' tall terminator with 7x GM warrior AND 7x GM nox mage skills. Not even fair. The dude can bandage and cast greater heal on himself at the same time then deadly or greater poison you with his poison spell. 18 holes in 18 strokes, too. Aamzing golfer. How did he lose, again?

[bubur]

i think we all kno the answer to that my guy

anyway

gwaihir gotta say your level of autism for this is beyond me and i can safely say i read everything you said and learned nothing. instructions unclear: purchased 1000 dfen

[Jibartik]

!remind me 2 years
(lolboat)

[Gwaihir]

Iran, war.

Why?

They're trading petrol in CNY

[imperiouskitten]

https://i.imgur.com/eXXcXsX.gif

dank the imgur url is a GET too look at those X's

[bubur]

drinkin pbr watchin pbr get to 11 slowly but surely

feels profit man

[YendorLootmonkey]

How are you guys feeling about the COIN IPO today? Invest immediately because FOMO? Wait and let the price normalize lower? Go VYGVF instead at 25-26/share?

[Kaveh]

How are you guys feeling about the COIN IPO today? Invest immediately because FOMO? Wait and let the price normalize lower? Go VYGVF instead at 25-26/share?

I don’t gamble on stocks like these, but I bet it’s gonna soar upwards for a bit before it drops. Money to be made for people who day trade etc

[bubur]

only made around 1% in the last 2 months because my portfolio is all over the place but my pfe prediction is panning out

i wish i followed my own advice more sometimes

[Knuckle]

I've been on a roller coaster with Mind Med(MMEDF), as I previously stated I am extremely bullish about the various psychedelic therapies being trialed in Canada and the US. Well I watched a huge chunk of my investment drop over 50% over the past few months, but I had to just leave it be as I was anticipating a 5-10 year lifecycle before selling based on where we are and where it will be: trial successes, regulations, FDA, NASDAQ listing. etc....

Well they got NASDAQ listed today and its up 34% in half a day, still haven't recouped my buy-in, but currently trading just under $3 US was around $2.12 before listing yesterday, kicking myself for not buying up as much as I could for a short sell yesterday(to clarify, just shortselling whatever I could of bought at 2.12).

I still do not plan to sell even if it doubles up to $5. I anticipate some sort of merger or big bumps in the future to achieve a $10+ value per stock.

[Jibartik]

Have you guys been following the Palantir Technologies meme stock? idk if I trust them or if it's a good idea.

[Knuckle]

Have you guys been following the Palantir Technologies meme stock? idk if I trust them or if it's a good idea.

even though i invest aggressively, i always ignore meme stocks after i miss the initial wave.

[Knuckle]

MMEDF ended up finishing 68% up today, sadly I still haven't recouped my investment, predicting some stabilization in the $4 range.

[Kaveh]

Garmin, BA, and DOW are my best investments in years. BFT (PSFE) fucking sucked, I also re-upped FSR @ $12.50. That’s purely a gamble

All in all, index funds are still the way to go my friends. Start investing / saving for retirement at age 22. Let the rednecks and minorities “ball out” in their Escalades. You’ll have a jet at 55 and they’ll be twice divorced

[Kaveh]

I've been on a roller coaster with Mind Med(MMEDF), as I previously stated I am extremely bullish about the various psychedelic therapies being trialed in Canada and the US. Well I watched a huge chunk of my investment drop over 50% over the past few months, but I had to just leave it be as I was anticipating a 5-10 year lifecycle before selling based on where we are and where it will be: trial successes, regulations, FDA, NASDAQ listing. etc....

Well they got NASDAQ listed today and its up 34% in half a day, still haven't recouped my buy-in, but currently trading just under $3 US was around $2.12 before listing yesterday, kicking myself for not buying up as much as I could for a short sell yesterday(to clarify, just shortselling whatever I could of bought at 2.12).

I still do not plan to sell even if it doubles up to $5. I anticipate some sort of merger or big bumps in the future to achieve a $10+ value per stock.

Sounds like it could pan out for you man. I hope it does

[bubur]

don't invest in the maymay stocks of today, invest in the maymays of yesterday once they bottom out

sens
weeeeeed dude

[bubur]

crypto dippin

is it time?

[imperiouskitten]

i divested b4 it dipped, feeling pretty smart. havent bought back in yet, ill do some augury today.

[Knuckle]

Garmin, BA, and DOW are my best investments in years. BFT (PSFE) fucking sucked, I also re-upped FSR @ $12.50. That’s purely a gamble

All in all, index funds are still the way to go my friends. Start investing / saving for retirement at age 22. Let the rednecks and minorities “ball out” in their Escalades. You’ll have a jet at 55 and they’ll be twice divorced

I think I am going to divert about 25% towards those after I hit my target goal of recouping what I spent into my house, which was about 65% of my investments.

MindMed(formerly MMEDF, I believe the new ticker is going to be MMEDM)is on the verge of getting pumped on WSB, so I am having to watch it VERY closely, its already up another $1 a share since I last posted, and it hasn't even been building momentum on there yet. I can't quite foresee where the artifical inflation is going to top out, but I plan to sell and buy back in at the dip if I can figure it out. My current guess is depending on the noise generated on reddit it hits at least 7.50 a share.
I am trying to figure what my sell limit is going to be when it starts dipping, not sure if .30 cent dip will indicate leveling out or a larger dip, so holding off for now. I haven't quite hit the gains I got on lite or BTC yet, but it's getting there, and fast.

[Gwaihir]

i divested b4 it dipped, feeling pretty smart. havent bought back in yet, ill do some augury today.

Partially exposure at 50 and 48 on BTC. I didn't expect today's bounce back up to 53 was hopeful the retrace would touch 45

[Gwaihir]

BTW, if you're looking for a nice long-term single-security hold without any leveraging or option shenanigans, ET should fare well over the next couple of years.

at mid-8$ atm, should be 14 to 17$ over the next year or 2.


ET still marching upwards. January 2023 10/7$ put credit spreads for 2.15/each last month. Gonna be a 253% gainer tax-free capital gain.

Tax free broseph. Imagine the seething from Horza et al. Gonna make money without giving you any of it bro. Not a cent.

[Kaveh]

Just did 500 shares in ET for shits and giggles

Thanks gwaihir

Oh just FYI now that I bought in it will tank tomorrow

[Jibartik]

I just sold my doge coin!

[usernamebob27]

If you haven't got 5k in dogecoin you foolish

https://www.youtube.com/watch?v=LT4NBQ61W2woolish

[Jibartik]

Its not over!

[bubur]

peloton exercise machines tanked like 20% today

the machines killed a couple kids, or somethin. total recall of treadmills. earnings call tmrw

MITE B A GOOD INVESTMENT

[Gravydoo II]

poor kids got caught in those gears.. mom was changing into 11th and off comes timmys face.. Beyonce owned that company. Jay-z just purchased a fitness company like yesterday, too.

[Jibartik]

first tidal and now this

[bubur]

I was messin around and did get sucked behind a treadmill and pinned to a wall once in the 2000s and got a burn from the sandpaper they use

can totally imagine what with the enhanced horsepower and space material in the unit that if that was a peloton I might have been a pretzel. p fked up really

I do like recovery stocks tho

[Jibartik]

I do like recovery stocks tho

Everyone likes a comeback story (https://i.imgur.com/aEOLFhK.png).

[Gwaihir]

Just did 500 shares in ET for shits and giggles

Thanks gwaihir

Oh just FYI now that I bought in it will tank tomorrow

Not a bad day

[Kaveh]

Pretty decent yield too

[bubur]

what kind of aftermarket wizardry brought ET up 6%?

other news, feeling totally uneasy about crypto today. i scadaddled with a plus up of a couple pennies on my eth position; got in too late anyway. feel like it's a weird spot where no one knows what will happen and we're eerily similar to 2017

prayin for rewards for all you risk takers

[Gwaihir]

ET reported 2.4billion dollars in unexpected gains due to the Texas no electricity freeze from late winter early spring is how. And they're still depressed in valuation from the Covid hoax and pretending like we are moving away from fossil fuels and natural gas.

A proper evaluation for ET is in the 15$ range. Unlike most of the millennial meme stocks, they actually turn a profit, which is far more than one can say about twitter, or tesla

[Gwaihir]

Btw, if you want exposure into the EV market, buy WPM. They own the lion's share of the nickel cobalt mines which is where the materials that fuel EV batteries come from. Up 200% since when I told y'all to buy them back in 2018

[Gwaihir]

14507

[Kaveh]

Gwaihar are you autistic buddy? I’m starting to believe in your stock picks

[Gwaihir]

Gwaihar are you autistic buddy? I’m starting to believe in your stock picks

Nah. Just ADHD with an aversion to being bothered by people when I'm focusing on something

[bubur]

i scadaddled with a plus up of a couple pennies on my eth position

https://i.imgur.com/UDrSYIa.jpeg

[Gwaihir]

Crispr about to pop back up over 120 over the next few weeks.

[Patriam1066]

Let’s go ET

[bubur]

peloton (PTON) made almost a full recovery

i didn't actually dump into it but good to know that a lil bit of kid blood could be a strong bullish signal

lol

[Gwaihir]

Let’s go ET

Telling ya

[Gwaihir]

14555

This the long play on WPM. Sell 45$ put for January 2023, while buying 35$ put. It's priced at a breakeven of 40$. Double up when it finishes over 45. It's over 45 now. At long term capital gains rate

[Gwaihir]

My play acct
14556

[imperiouskitten]

i lose money on buttcoin

[bubur]

i lose money on buttcoin

i believe in the bounce

https://i.imgur.com/jC5brtT.mp4

unless of course it closes lower than 48k on sunday 8pm, then might b a tough week for everyone (except ada and matic) edit: i think we know why. proof of stake is temporarily immune to daddy elong's assault

[bubur]

speaking of, @gwaihir, what's the scoop on TSLA

been down 34% since january a cpl months after the time crypto got some boosties. now that elon is playing bitcoin and doge mastermind, what's goin on?

does he know regulation is coming? did the shareholders vote bitcoin out?

tldr: should i put some of my roth in TSLA? im too tarded to play options so i wont know what you're talking about plz respond

[Gwaihir]

Tsla should be safe to go back into now. Tech is gonna push a new ath by July 4th, which TSLA will be caught up in. If you're looking for a ETF with exposure to TSLA among other things doing well within the same industry go with LIT over DRIV. NIO is going to be a dog lagging the DRIV ETF

[Jibartik]

Bzz8BvaQL9Q

[Patriam1066]

TSLA is hit or miss long term, if they get their autonomous driving tech figured out before everyone else, it’s going up. If not, that valuation is dropping to 1/3-1/2 of where it is now

Who knows, my crystal ball isn’t working

[Gwaihir]

TSLA is hit or miss long term, if they get their autonomous driving tech figured out before everyone else, it’s going up. If not, that valuation is dropping to 1/3-1/2 of where it is now

Who knows, my crystal ball isn’t working
Yeah, and I believe Nvidia is technically producing superior software, but the "slide" it has experienced over the past 6 weeks should be over for the short term (6week) horizon. Personally, I wont touch it because I don't want to own it for longer due to the same reasons you've expressed.

You see WPM continuing it's climb?. I can't believe they're still offering double your money on a 35/45 bullish spread 18 months out. It closed at 47.50 today.

Anyhow, LIT over DRIV, and WPM over Glencore, although Glencore is not a bad investment right now either. Vale is another ticker worth a look. Considerably better dividend on it compared to other miners.

[Patriam1066]

Yeah, and I believe Nvidia is technically producing superior software, but the "slide" it has experienced over the past 6 weeks should be over for the short term (6week) horizon. Personally, I wont touch it because I don't want to own it for longer due to the same reasons you've expressed.

You see WPM continuing it's climb?. I can't believe they're still offering double your money on a 35/45 bullish spread 18 months out. It closed at 47.50 today.

Anyhow, LIT over DRIV, and WPM over Glencore, although Glencore is not a bad investment right now either. Vale is another ticker worth a look. Considerably better dividend on it compared to other miners.

I sadly still do not understand options well enough for them to be profitable in my portfolio.

As for tech, I am re-upping AMD if it gets to $70. I’ve had tons of shares of them and nvidia for a while (and Intel and AMAT), but I think AMD is the most undervalued. But I don’t know shit about the market and where they come up with these valuations. Do you think AAPL is going to go higher ? Long term I know it will, but by how much?

[Gwaihir]

AAPL: up 65% over the past year: earnings per share: down 65% over the past year. Meme stock alert. In July, after tech rebounds over the next 6 weeks, apple will release their quarterly report with more shitty news, but they'll say something promising about their shitty services sector and the dumbasses will eat it up. It's kind of a shame really. Small cap tech companies got killed by more than 20% over the past 6 weeks. Apple lost 7%.

[Patriam1066]

AAPL: up 65% over the past year: earnings per share: down 65% over the past year. Meme stock alert. In July, after tech rebounds over the next 6 weeks, apple will release their quarterly report with more shitty news, but they'll say something promising about their shitty services sector and the dumbasses will eat it up. It's kind of a shame really. Small cap tech companies got killed by more than 20% over the past 6 weeks. Apple lost 7%.

I sold AAPL at $135 so I agree, but it is tempting to buy them now because I think they’ll go to $145 temporarily before dropping again

I definitely think you’re right that these valuations are insane. I’m also following LYB

[Patriam1066]

Someone explain what’s happening to the market for me

Also someone explain why it isn’t the case that we’re allowing inflation to minimize the effect of the national debt, and how running deficits wouldn’t inevitably lead to this. I’ve often wondered why people continued to say “we can just print money and it doesn’t matter.” It obviously does, but someone smarter than me please explain it

[Baler]

Someone explain what’s happening to the market for me

money printer go brrrrr
Foreign oil go brrrrr

[Botten]

Someone explain what’s happening to the market for me

Also someone explain why it isn’t the case that we’re allowing inflation to minimize the effect of the national debt, and how running deficits wouldn’t inevitably lead to this. I’ve often wondered why people continued to say “we can just print money and it doesn’t matter.” It obviously does, but someone smarter than me please explain it

https://www.youtube.com/watch?v=yq_E3HquRJY

It is hyped when one party isn't in power. And that party likes to explode the debt when they are in power.

[Patriam1066]

Lol buddy I generally vote Republican but a big part of voting Biden in 2020 was trump not raising taxes to pay for his stimulus BS. I’ve been consistent on the idea that debt is fundamentally unsound for any entity (I’d ban usury)

[Jibartik]

Patriam very well said.

Like it or not.

[Mblake1981]

Lol buddy I generally vote Republican but a big part of voting Biden in 2020 was trump not raising taxes to pay for his stimulus BS. I’ve been consistent on the idea that debt is fundamentally unsound for any entity (I’d ban usury)

But you continue to support said structures. :o

[Jibartik]

damn blakes right thats true though.

Like it or not.

[imperiouskitten]

Bzz8BvaQL9Q
Lol this is pretty brilliant.

Someone explain what’s happening to the market for me

Also someone explain why it isn’t the case that we’re allowing inflation to minimize the effect of the national debt, and how running deficits wouldn’t inevitably lead to this. I’ve often wondered why people continued to say “we can just print money and it doesn’t matter.” It obviously does, but someone smarter than me please explain it

i am not rly sure how it was decided that debt doesn't matter, but the answer is contained in MMT. IE it seems to be a tenet of MMT. maybe someone else could explain it to me.

we got hit pretty hard the last few weeks on stonks & coins :( ow

[bubur]

https://i.imgur.com/bM7qm0P.png

[Patriam1066]

We’re now pursuing inflation to pay down our national debt. Or maybe the fed is now, belatedly, changing course. Regardless, you guys aren’t getting rich on a UBI or coins or meme stocks, you can only improve yourself by actually putting in the effort. I don’t really understand the ethos of the young, you will find that even if you were free of work all you’d do is die in a drug addled orgy. Better to slowly improve day by day and find contentment in this life.

In short, seek Christ. And I told y’all crypto is speculative. I hope none of you lost a lot of money

[Patriam1066]

But you continue to support said structures. :o

I support nothing my friend. I was born into this world. I will do what I must without hurting others, but I didn’t take part in the formation and inertia of our current system, which is deeply flawed

[Mblake1981]

I support nothing my friend. I was born into this world. I will do what I must without hurting others, but I didn’t take part in the formation and inertia of our current system, which is deeply flawed

Thank you, foreigner, for proving my point. You have done this before here but I never rubbed it in your face, I mean its rude to do so (in all honesty).

Here, you will truly have to forgive me if my words confuse you, I will repeat something I said to you before.

"On the 4th of July we do not celebrate Democracy, we celebrate our Independence."

I think this cannot be helped and perhaps your children or grandchildren here will intuitively understand the difference.

[bubur]

IT'S ALL FUCKING OVER. PANIC

https://i.imgur.com/m57q1f7.png

TODAY WAS GONNA BE THE DAY BUT THEYLL NEVER THROW IT BACK TO YOU

[Mblake1981]

damn blakes right thats true though.

Like it or not.

Get off the dang roof!

c7qhVJIPfck

[Patriam1066]

Thank you, foreigner, for proving my point. You have done this before here but I never rubbed it in your face, I mean its rude to do so (in all honesty).

Here, you will truly have to forgive me if my words confuse you, I will repeat something I said to you before.

"On the 4th of July we do not celebrate Democracy, we celebrate our Independence."

I think this cannot be helped and perhaps your children or grandchildren here will intuitively understand the difference.

You took no part in it either. I speak of time, not location

[Mblake1981]

You took no part in it either. I speak of time, not location

Born in it and raised in it and refuse to be spoken to about it in this manner from an Adobe. You can continue being the outsider. :o

No, I took no part in it. I just came along later. You and Doug Stanhope have your points but the both of you can sit on a lit stick of dynamite.

[bubur]

well gentlemen, are we goin 100% cash at open tomorrow?

[Pulgasari]

i am not rly sure how it was decided that debt doesn't matter, but the answer is contained in MMT. IE it seems to be a tenet of MMT. maybe someone else could explain it to me.

we got hit pretty hard the last few weeks on stonks & coins :( ow

It's like this (https://nypost.com/2021/03/22/how-nfl-teams-use-voidable-years-in-contracts-to-beat-cap/#:~:text=NFL%20contracts%20typically%20are%20made, annual%20charge%20to%20be%20lowered.)

[Gwaihir]

well gentlemen, are we goin 100% cash at open tomorrow?
In my RH account this week:

I exitted the 325/322 put credit spreads (6) on QQQ expiring tomorrow that I sold early Monday morning saying this week would not lose more than 0.5% (believing the nasdaq has reached the bottom of this past 3 months' pullback).

I sold them for 105$ each at a exit price of 40$ each effectively netting 65$ x 6 (390$) against the 1170$ I risked: a 33% gain.

I'm still in all of my Put credit spreads with a January 2023 expiration (wpm 45/35, dfen 20/19, et 10/7, and et 15/7) as I have no intention of exitting them at all since they are double-ups and triple-ups and quadruple-ups coming in at the long term capital gains rate if I hold them till at least may of 2022.

Basically, I take a portion of my wins from short-term wins and parlay them into even bigger long-term wins.

[Gwaihir]

The reason why I exitted, is because I extracted 65% of their maximum value, and it's highly likely that tomorrow will pare some of today's gain just because today was so fire, and I didn't want to risk dumbfucks starting a selloff when the market opens tomorrow slightly in the red.

My estimate:. QQQ closes at 327.30 tomorrow, for a net gain of 0.3% on the week.

I spent the last 30 minutes of trading trying to get into an iron condor position for 6 contracts with a put spread of 325/324 and a call spread of 330/331 for 66$ per contract in premiums (against my $34 x 6 = 204$) but the mark price oscillated between 62 and 67 but didn't execute for a max gain of 396$.

if the price tomorrow closes between 325 and 330 tomorrow I'm gonna be sad in the pants that I didn't drop my sell price to 60 just to get the position at 4$ below mark since deviating from the mark by 1 penny on all 4 wings of the condor pretty much assures an instant buyer on tightly traded options like SPY DIA and QQQ but the situation I was trying to get into was risking half of the weeks to double this week's gains.

[Gwaihir]

I should add, yesterday opening QQQ after a Monday+Tuesday slide down @ 317$ looked I was gonna be taking a complete loss with traders offering 375$ to exit with an 800$ loss but I figured what's the point of cashing out with a 75% loss and erasing the prior two weeks gains

[Gwaihir]

14687

Note, the bottom of the arc yesterday showed an account balance of 2036: a $1200 swing down from where I exitted today. Not for the squeamish

[Gwaihir]

As for crypto: I like BSV right now. Down 36% from last months high, while not getting much action from this year's crypto rally making it due for some "catching up" with the market overall, which puts it at a 400 to 500$ price target if it does in the next surge circa the first week of july

[Gwaihir]

Crispr about to pop back up over 120 over the next few weeks.

9 days later: posting this with Crispr trading at 98$. Check Crispr's price now.

[Gwaihir]

Closed at 327.01

I was off by 0.29 (0.09%)

Damn I wish I would've offered .62 on those 6 condors yesterday.

[Patriam1066]

How low is crypto going to go gwaihar? I doubt I’ll ever buy any, just curious

[Gwaihir]

When they start running for their lives when it touches down at 25k, start buying. There will be a second rally around october

[bubur]

https://i.imgur.com/yh211jo.png

its fucking ogre. sell everything

[Jibartik]

How low is crypto going to go gwaihar? I doubt I’ll ever buy any, just curious

https://i.imgur.com/pkiObS6.png

[Gravydoo II]

How does it gain value? Like, what is it backed by? Just, humanity? Faith in the bit or is there like some vault somewhere full of jewels, gold, tesla cyber trucks, and other things of value?

[Jibartik]

How does it gain value? Like, what is it backed by? Just, humanity? Faith in the bit or is there like some vault somewhere full of jewels, gold, tesla cyber trucks, and other things of value?

https://www.tiktok.com/@softboi_marketing/video/6964047432527252742?lang=en&is_copy_url=0&is_from_webapp=v1&sender_device=pc&sender_web_id=6872118017591346693

[Mblake1981]

TikTok is a CCP backed social media site.

Mega Pass

[Patriam1066]

Really glad I never thought crypto was a good idea

[Byue]

I'm doing terribly because I don't manage my own money.
Some dude I have since I am 7 does it for me and the family.

I don't know but stonks.
and gains.

buy low sell high.
I have no idea.

But my guy is doing well.
Maybe I should sell my bitcoins though.

[Gwaihir]

Really glad I never thought crypto was a good idea
For BTC:
It needs to retrace all the way down to 20k to complete it's cycle. Then it will bounce +/-10% for till about 18 months before the next "halving". They're also talking about completely revamping how "mining" works to "reduce it's carbon footprint" which is a fundamental change which may completely devastate it's value.

Doge, and XRP are fiat cryptocurrency is with essentially no value whatsoever. If etherium holds true to it's foundation, it's the only crypto with a functional value moving forward due to having a "cost of production"

[Jibartik]

IMO the only thing that is goign to stop BC from reaching infiniate heights, is if quantum computing can crack the 256 hash. But other than that it seems to be here to stay.

Eventually people will need to transfer wealth between planets and if BC is still uncracked, it will be BC.

[Byue]

I mean, I never wanted to buy crypto.
There was just this guy at occupy that kept raging about it and I bought 1grand worth to shut him up and who's laughing now.

[Patriam1066]

For BTC:
It needs to retrace all the way down to 20k to complete it's cycle. Then it will bounce +/-10% for till about 18 months before the next "halving". They're also talking about completely revamping how "mining" works to "reduce it's carbon footprint" which is a fundamental change which may completely devastate it's value.

Doge, and XRP are fiat cryptocurrency is with essentially no value whatsoever. If etherium holds true to it's foundation, it's the only crypto with a functional value moving forward due to having a "cost of production"

I agree with you on Ethereum. If it gets to $500 I’ll buy a bunch

[bubur]

i was out clean and then tried a swing trade. never try to guess a bottom when the lines are blood red knives

now locked into the daily hell of watching it go lower, knowing exactly what's going to happen (but still not ballsy enough to short)

hoping for a hell of a dead cat in the middle of the night for my sell order, or stake and wait 3 years. lawd help me

[Jibartik]

I still think Ford is a good buy (but it wont be)

[Gwaihir]

Market is gonna dive tomorrow and continue a downtrend for awhile. I had some hope the NASDAQ would recover it's high, but after reviewing VTI only being down 1.5% from it's all time high while the NASDAQ is down 5.5% (VTI being the entire stock market grouped into one etf) it seems like both the Dow and the s&P's recent surges coupled with the crypto meltdown a 7% pullback on the VTI is due.

[bubur]

https://i.imgur.com/3uzQSPK.jpg

hot damn im within 10% of my original investment overnight. wtf im religious now

[Patriam1066]

Don’t invest money you are afraid to keep invested for years

I’m glad you got your money back, but it’s exceptionally stupid to gamble

[indiscriminate_hater]

Crypto investing for dumbasses:

1) Put money in.
2) If it goes down, do not sell.

That's literally all you need to do to make money in crypto. Sadly (and understandably) seeing your investment go down 50% within a couple days seems to trigger a panic response. Rise above your programming.

[bubur]

so insert life savings into pregnant butt coin (PBUTT)?

copy, captain!

[Gustoo]

What's the best way to buy bitcoin?

[bubur]

easy answer: coinbase pro. they'll give you a tax statement, and youll have to pay capital gains taxes like a good american

however i should warn you that when you see this discussion on an off topic elf sim, it may be unironically time to sell or at least wait a little bit if you're following the dumbasses (and probably the best) guide posted above

[Jibartik]

Binance seems like the best exchange IMO

Crypto.com has a lot of choices

Bitforge lets you buy BC then set it aside in 1, 3, 5 year increments, and you can make interest in the form of bitcoin on that account. TBH if you want to buy BC and forget about it, I recommend bitforge and buying some, then not ever looking at the price of BC again until 1, 3 or 5 years from now!

I am retarded.

easy answer: coinbase pro. they'll give you a tax statement, and youll have to pay capital gains taxes like a good american

I both own some coinbase stock and have a coinbase account, and I absolutely hate their UI and want to unload that stock as soon as possible. :(

[Patriam1066]

What's the best way to buy bitcoin?

You shouldn’t

[Baler]

Hope captain skarlorn is doing well.

[bubur]

You shouldn’t

this is the right answer

the most frightening thing ive witnessed is that the whole 'apes' 'diamond hands' GME squoezing culture has completely infected crypto, and there have been a whole bunch of new coins and rugpulls over the last week. a lot of new money and probably 90% of it will get dissolved in the dumbest trades imaginable.

i expect whatever happens next will destroy those memes and boomerfy them into oblivion until the point that whenever we read them, all we'll be able to do is think about how many obvious sell signals 2021 had. it wont even be cringe funny anymore, it will just be depressing

pic related, it's what it's probably going to look like:

https://i.imgur.com/E7biQk4.gif

that said, you'd probably be ok if you bought at $5000 or something and no reason to get rid of that. would wait for everyone to stop talking about it to get in for the first time unless you like gambling

absolutely 100% financial advice btw

[Jibartik]

The crash came from china, and all those squezing culture apes are keeping your coin above 30 right now :o

[bubur]

they dont do what they say they do, my guy

[Gustoo]

I heard it was a guaranteed sure thing bet to withdraw all from my 401k and put it into Bitcoin?

Plz confirm.

Thanks for the serious advice, advice givers.

Regarding not buying, that’s where I’m at. It feels like a pyramid scheme now but we’re all waiting to figure out what the cash out situation looks like. Seems like this is our bubble that will be burst and impoverish some people but maybe it will be something else.

[Jibartik]

Well if there is one thing Id say is its best to take an investing course or two rather than learn from those diamond hand apes so I dont totally disagree bur lol

[bubur]

if any of you figure out which ledger-based crypto the gubments going to use for a layer-2 solution to hook up all of the new central bank digital currencies (CBDCs) internationally that will come out over the next 4 years then let a elf brother know

i'd settle for a top 3 probabilities to throw some fun bux at later this summer when winter is here

[Jibartik]

666coin

[Patriam1066]

if any of you figure out which ledger-based crypto the gubments going to use for a layer-2 solution to hook up all of the new central bank digital currencies (CBDCs) internationally that will come out over the next 4 years then let a elf brother know

i'd settle for a top 3 probabilities to throw some fun bux at later this summer when winter is here

None of them, once we defeat China everyone will use the USD and bend the knee

[bubur]

yes but usd tether or usd dai or usd central bank coin by mickey mouse

once they embrace digital currency, they can track every transaction internationally, turn off your wallet, even reverse money flow at will

it will be ironic that the mysterious "decentralized" "private" crypto tech will be used to create the most centralized and controlled currency system ever to exist, but irony is beautiful

[Gustoo]

it will be ironic that the mysterious "decentralized" "private" crypto tech will be used to create the most centralized and controlled currency system ever to exist, but irony is beautiful

Thats a fact,

But then the might as well keep calling it USD in that case. USD is tracked adequately in its digital form, but they print it as much as they want.

I think that bitcoin will have functional value for illegal transactions as long as it keeps having real USD value in the real world. And there isn't really a need for another one, except to have more than 1 available for similar transactions if one is disrupted.

[Jibartik]

yes but usd tether or usd dai or usd central bank coin by mickey mouse

once they embrace digital currency, they can track every transaction internationally, turn off your wallet, even reverse money flow at will

it will be ironic that the mysterious "decentralized" "private" crypto tech will be used to create the most centralized and controlled currency system ever to exist, but irony is beautiful

Who invented bitcoin: ???

Who invented the algorithm bitcoin uses: NSA

[bubur]

satoshi was on MH370

https://i.imgur.com/eSkfdEI.jpeg

[Gwaihir]

What percentage of the total Bitcoin pool ever possible is Satoshi's 1,062,500 BTC?

[Jibartik]

1/20th? I am no math.

[hobart]

I don't pretend to know much or have anything to contribute other than echo the "buy index funds" philosophy.

My 382 shares of AMC which I bought to humor one of my kids is up 25.61% at the bell.

If I were smart, I'd take the $1,250 profit and run. But my son is going on and on about diamond hands or something. Should I:

a. Beat him
b. Sell
c. Force him to seek Christ (more beatings)
d. Sell and not tell him
e. Sell at $XX.XX
f. Sell 50% if it hits $26

[Penish]

Chart sais sell 1200 bones is a lot of beer

[Patriam1066]

AMC is killing it but I still go with C.

[Penish]

I got scured at 18.30 and left ;P

[Gwaihir]

Can he win 5 weeks in a row?
14905

14906

14907

[Gwaihir]

14908

[Gwaihir]

I'm assuming a down day tomorrow which will test the bottom of my range (-.75%) with a strong finish Friday at about 336$ on QQQ to make it a 2% week for the NASDAQ.

Pic related.

[Patriam1066]

Buying 165 shares in Honda (HMC). It will crater as soon as I buy

(I stick with index funds for a reason)

[Baler]

https://i.imgur.com/AMSfe97.gif

[Patriam1066]

https://i.imgur.com/AMSfe97.gif

That video is hilarious, they laugh hard, as would i

[Gwaihir]

14961

[Jibartik]

amc lol

[hobart]

128 Shares of AMC sold today at $31.95. If there were no such thing as capital gains, I am flush with 255 "free" shares left. I know it doesn't work that way, but that puts me in the DGAF comfort zone.

Considering everything I touch but index funds turns to shit, I'm kinda stoked.

[Jibartik]

Good job ape!

[Patriam1066]

128 Shares of AMC sold today at $31.95. If there were no such thing as capital gains, I am flush with 255 "free" shares left. I know it doesn't work that way, but that puts me in the DGAF comfort zone.

Considering everything I touch but index funds turns to shit, I'm kinda stoked.

Please tell me you still have your AMC lol

[Jibartik]

haha amc is hilarious! I cant believe it. I almost bought a bunch as a saftey stock a while back I aws thinking, meme or not, it will go up from this once were outside!

But wasnt expecting to see another meme explosion happen.

What's causing this, that 270 mil they just got? seems like penuts but idk

cant believe people were down to try this again after the crypto poop party.

edit: speaking of meme stocks, this one is making the turn, is it next?

https://www.google.com/finance/quote/PLTR:NYSE

I just cant bring myself to buy into these guys cus they rant about california and moved to colorado so i feel like they're a bunch of bitches. but they are smart, and the idea seems logical and it's a meme stock so i always be spying on it.

[hobart]

Please tell me you still have your AMC lol

Sold yesterday at $63.94.

[Patriam1066]

Nice man. I bought 100 of HMC at $29.55, I feel good about that because I’m dumb and like dividends. Well see, Honda will probably go out of business since I bought their stock

[hobart]

Lol, if you can kill Honda you need to sell those talents...

[Gatordash]

Rollercoaster week for Darkpulse (DPLS). Come get in on a company with zero revenue but positioned for potentially maybe signing a contract with the government and might bring in some money in the future maybe... The penny stock life is exhilarating!

[Gwaihir]

15071

[Gwaihir]

RSI on QQQ (NASDAQ top 100) closed at 73. Time to lock in those gains, boys. Pullback gonna start this week.

Underwhelming June jobs report coming in on Friday, and everyone in the stock discussion forums laughing about how it's impossible to lose with this ETF/Index while Biden's team is considering how to increase corporate taxes on the tech sector.

[Gatordash]

I agree although I'm holding off selling more of my position until next week. I sold a significant amount of QQQ and TMUS already last week and missed this weeks (minimal) gains.

[Gwaihir]

This week's play is a call credit spread on QQQ. Direction: downward

[YendorLootmonkey]

What do you think of penny stocks? Particularly WSGF. Bought 200K shares at .0262. They bought Vacaychella and changed focus to that, just released an app to connect investors with rental properties, positioning itself to be the "RobinHood of Real Estate". Ticker change imminent to reflect the new focus on Vacaychella. I just need it to hit $5/share sometime in the next 10 years to become a millionaire!

[Jibartik]

I bought a bunch of cardano a long time ago plz god plz let it hit ETH levels PLZ it's a penny crypto, or it was.

That BAKE coin like got 4,000% gains during that crypto rolercoaster

[Gatordash]

I'm living life on the edge with DPLS, I dunno if I can handle 2 penny stocks but i'll check out WSGF

[Gatordash]

Rollercoaster week for Darkpulse (DPLS). Come get in on a company with zero revenue but positioned for potentially maybe signing a contract with the government and might bring in some money in the future maybe... The penny stock life is exhilarating!

DPLS up 57% since this post fyi.

[Gwaihir]

What do you think of penny stocks? Particularly WSGF. Bought 200K shares at .0262. They bought Vacaychella and changed focus to that, just released an app to connect investors with rental properties, positioning itself to be the "RobinHood of Real Estate". Ticker change imminent to reflect the new focus on Vacaychella. I just need it to hit $5/share sometime in the next 10 years to become a millionaire!

The success of this company depends on it's adoption but when isn't that the case.

If owner/operators do a good job bolstering their rental experience for customers, and investors are savvy enough to seek out properties which offer an immersive experience at marquise locations I see a huge opportunity for growth, but again this depends on expansion of luxury rental experiences which does carry some risks as real estate prices continue to climb, and the potential for sharp economic downturn persists.

Right now, the VRBO market is mostly devoid of said marketers, and is instead essentially a best price/value market, while ventures for retail customers looking for a family "experience-centric" vacation is a niche market that is typically sought out elsewhere (outside VRBO/AirBNB etc). Some people like the concept of knowing what their whole vacation is gonna cost up front and just being catered to while they're guided through it not having to plan and estimate the additive costs, etc. This is how vaycaychella differs on allowing the customer to view and operator to detail added services, if I'm not mistaken, yeah?

If vaycaychella can do a good job attracting investors as well as entrepreneurs looking to expand this market it could considerably expand the all inclusive vacation experience market and in that case your investment in the project would do very well.

I'm not sure if, in the long term, they were to be listed on a major exchange, that they wouldn't fall under the rules of an REIT because if they did, the rules on dividend disbursements would apply, and that would hamper growth potential at the tradeoff of quarterly/month dividend income which is taxable on an incremental basis, which is more costly than a lump long-term capital gains assessment (you wouldn't want to sell it too quick if it did hit if you're married with a 160k annual (Gains+AGI), or single with a 80k (Gains+AGI) long term capital gains tax exemption, which means existing your position would a be a gradual process or it would cost you a little more to do so (15% or more considering Biden is currently discussing changing the capital gains tax rates along with the corporate tax rate increases being considered.)

[Patriam1066]

RSI on QQQ (NASDAQ top 100) closed at 73. Time to lock in those gains, boys. Pullback gonna start this week.

Underwhelming June jobs report coming in on Friday, and everyone in the stock discussion forums laughing about how it's impossible to lose with this ETF/Index while Biden's team is considering how to increase corporate taxes on the tech sector.

Index funds aren’t on Biden’s time scale. They are for the purpose of building wealth, not getting rich. The difference is happy children vs chains and “grills” and big rims

Kinda saddens me you missed the point on that one

[Gwaihir]

Index funds aren’t on Biden’s time scale. They are for the purpose of building wealth, not getting rich. The difference is happy children vs chains and “grills” and big rims

Kinda saddens me you missed the point on that one

No, you're missing the point. NDX, and the market on the whole (VTI) are considerably outpacing it's annual CAGR. There's nothing particularly spectacular about the market this year for it to be increasing at the rate that it has thus far; essentially returning an entire year's gains in the first 2 fiscal quarters. This is the kind of "run-up" typically associated with a market correction.

Couple this with the fact that NDX (which QQQ aims to emulate) is only the "top" 100 of the 3300+ companies within the nasdaq index, which is underperforming NDX and you can expect to see a short term shift in value stocks, as well as a commodity industry which has been shit on for years while big-tech has led the race devaluing commodies' true market share.

If June 2021 were every month 2021, this would be the largest run-up in the nasdaq since 1999 which was followied by the dot com crash.

0.062/ the natural logarithm of 2 = 0.683 = 11 months to double. 1999 only had a cagr of 88%

[Gwaihir]

You should also consider that most of the hardware and software sales increasing the valuations of tech's largest contributors came as a result in a surge of sales toward the government's education sector in Q3 and Q4 2020, expecting that model to continue is a bit absurd. The school year of "Jubilee" is over.

[Gatordash]

You have to think we are going to run into a liquidity issue eventually unless Congress can pass some more debt, but ultimately this thing isn’t ending until people believe the government isn’t going to bail them out of their shitty over extended investments. The current belief is the fed will talk about easing QE and possibly increasing rates after their Jackson hole meeting, but I’m not buying it. PUA runs out at the same time and you can’t have the market crash when that happens, especially when inflation is through the roof with no signs of stopping with the delta variant. The market will continue to run up on nothing but psychology through at least the end of the year because the fed is in too deep already.

[Gatordash]

No, you're missing the point. NDX, and the market on the whole (VTI) are considerably outpacing it's annual CAGR. There's nothing particularly spectacular about the market this year for it to be increasing at the rate that it has thus far; essentially returning an entire year's gains in the first 2 fiscal quarters. This is the kind of "run-up" typically associated with a market correction.

Couple this with the fact that NDX (which QQQ aims to emulate) is only the "top" 100 of the 3300+ companies within the nasdaq index, which is underperforming NDX and you can expect to see a short term shift in value stocks, as well as a commodity industry which has been shit on for years while big-tech has led the race devaluing commodies' true market share.

If June 2021 were every month 2021, this would be the largest run-up in the nasdaq since 1999 which was followied by the dot com crash.

0.062/ the natural logarithm of 2 = 0.683 = 11 months to double. 1999 only had a cagr of 88%
You can talk about statistics all you want, we left the land of statistics and fundamentals a year ago, and if you were banking on that you would have missed the last years worth of gains. This market run up is based solely on the belief that uncle Biden and the fed are all in in making this thing keep going. And it will keep going up until Powell farts out a whisper of easing QE.

[Gustoo]

My totally basic index fund 401k has returned like 16 percent in the last 3 years. This isn't how it is supposed to be.

Diagnosis: fukt

[YendorLootmonkey]

This is how vaycaychella differs on allowing the customer to view and operator to detail added services, if I'm not mistaken, yeah?

It's more about connecting investors (individual or institutions) that can help fund development/improvements/purchases of rental properties (AirBNB, VRBO) and then share in the generated revenue.

[Gwaihir]

Fractional ownership of self selected properties yeah?

What I'm saying is, the properties that will be desirable for fractional ownership, if you're smart, will be the ones which the operator has a slew of added services...so that HIS profit motive is derived from added services; not YOUr property.

The business model hinges on finding quality Vacation Rental Operators that aren't relying on your equity investment for their day to day living otherwise his cut comes out of your investment instead of his services.

So, In order for WSGF to attract customers to their market, operator, retail consumer, and investor alike, hinges upon operators offering value added services, otherwise the self owned and operated vacation rental market already addresses a lowest margin option for everyone but the "investor, for the investor, even as a fractional owner of property, assumes all the risk, while the operator is free to find another job if the business fails and real estate equity pulls back.

[Gwaihir]

Also, with fractional ownership of select properties (think self-selected mortgage backed securities) the lienholder is likely Vaycaychella/WSFG themselves; which makes them a real estate investment trust, categorically, which means your equity growth will be hampered by regulation dictating a dividend schedule on profit earned once it makes listing on a major exchange.

[Gwaihir]

Never enter into a business relationship where the counterparty assumes less risk than you do.