**OFFICIAL** Trading and Investing Thread- Part -IX-

[woodbarry]

gold finna crash on British folks sticking w/the EU

[theRealGriNC]

I made a thread on regular misc but i figure this is a better spot.....if you are talking to someone who has zero experience

what books would you recommend? things to do? amount of money to start messing around with?

I have 15k just sort of sitting there.

[mike.hunt]

The high that was set last week at 1318 was SUPER bearish. I'm sorry but I think that was the top. It's more likely to have a cascading crash than a spike to the upside at this point.

it'll go up..eventually

what if brexit really happens? then chit will hit the fan!
also chit will hit the fan if trump/cliton wins, lol typo

my plan is wait for huge crash, gold skyrockets, i selloff and buy stocks cheap

[mike.hunt]

I made a thread on regular misc but i figure this is a better spot.....if you are talking to someone who has zero experience

what books would you recommend? things to do? amount of money to start messing around with?

I have 15k just sort of sitting there.

buy 15k of AMD stock and wait for buyout
srs
(yolo)

[juvefan]

buy 15k of AMD stock and wait for buyout
srs
(yolo)

too late for that. its almost up 200% for the year

[woodbarry]

I made a thread on regular misc but i figure this is a better spot.....if you are talking to someone who has zero experience

what books would you recommend? things to do? amount of money to start messing around with?

I have 15k just sort of sitting there.

don't waste your time trying to do something that may never pan out. Buy index funds like SPY and you will do better than 90% of people srs.

[Slamt]

Got some puts in NFLX/TSLA o/n

Both massively coiled, keep trying to pop but gets faded every time, think bet is down

PCLN long looking juicy as fuk on the weekly

got out of the tsla puts today before market closed you gotta be fukin kidding fuarkkrsdk:jkldfjksdf
sd
{fsdfsdf


oh my god i've been stalking this for a week+, lost patience and then this **** happens, i feel so sick

[ckuyook]

tldr is at the bottom of this post

A few months ago, I left my math PhD program in my 3rd year because my advisor decided to move to a different country and I didn't want to follow him there, and there aren't any other schools I want to go to that will accept me. I've been working at a supermarket stocking shelves since then because I couldn't find a better job that I like, mainly because I don't think it's worth working a job I hate for better pay when I can just work an easier job for less pay. I got fired recently because I kept getting distracted since I still study math on my own all day and I think about problems I am trying to solve often on the job, and I just zone out for a while until someone interrupts me. So I moved back in with my mom, and I thought trading sounds interesting, so if I can make at least minimum wage then at least I will be working something that's kind of fun at the same time. The thing is, I have no money saved up (but I also have no debt at all). I'm looking to invest at least 12-18 hours every day studying trading (which is about the same as I used to spend on math every day while I was a student), but all in all, is it worth learning, or is it too risky for someone that's poor to try this since there's no initial seed money?

TL;DR: Is it viable for someone poor to start trading and maintain at least minimum wage with relative security?

[jawbruh]

got out of the tsla puts today before market closed you gotta be fukin kidding fuarkkrsdk:jkldfjksdf
sd
{fsdfsdf


oh my god i've been stalking this for a week+, lost patience and then this **** happens, i feel so sick

LOL, sorry to hear it brah

[Slamt]

LOL, sorry to hear it brah

felt like it was gonna turn when i sold for 30% gains, and it did bump a dollar for a while. was gonna roll these 220's into 215's but then i got caught looking @ things on the call side and ended up never buying back into these tsla puts

these were weeklies too, FML

hope the guy who bought these two from me treats them well. gonna open at like 3k a piece tomorrow
;kadsfa
sdlk;jsdfkjas

[wil817]

felt like it was gonna turn when i sold for 30% gains, and it did bump a dollar for a while. was gonna roll these 220's into 215's but then i got caught looking @ things on the call side and ended up never buying back into these tsla puts

these were weeklies too, FML

hope the guy who bought these two from me treats them well. gonna open at like 3k a piece tomorrow
;kadsfa
sdlk;jsdfkjas

Be happy that you made 30%. At least you didn't lose any. I had a single 220 iron condor on TSLA that I imagine will be at max loss tomorrow.

[Slamt]

Be happy that you made 30%. At least you didn't lose any. I had a single 220 iron condor on TSLA that I imagine will be at max loss tomorrow.

I could have made 1,000% bro, but you're right.

Only thing that is helping me cope right now is that NFLX/FB played out very well for me today.

[gainzcheckingin]

tldr is at the bottom of this post

A few months ago, I left my math PhD program in my 3rd year because my advisor decided to move to a different country and I didn't want to follow him there, and there aren't any other schools I want to go to that will accept me. I've been working at a supermarket stocking shelves since then because I couldn't find a better job that I like, mainly because I don't think it's worth working a job I hate for better pay when I can just work an easier job for less pay. I got fired recently because I kept getting distracted since I still study math on my own all day and I think about problems I am trying to solve often on the job, and I just zone out for a while until someone interrupts me. So I moved back in with my mom, and I thought trading sounds interesting, so if I can make at least minimum wage then at least I will be working something that's kind of fun at the same time. The thing is, I have no money saved up (but I also have no debt at all). I'm looking to invest at least 12-18 hours every day studying trading (which is about the same as I used to spend on math every day while I was a student), but all in all, is it worth learning, or is it too risky for someone that's poor to try this since there's no initial seed money?

TL;DR: Is it viable for someone poor to start trading and maintain at least minimum wage with relative security?

Yes. For 99% of the people out there, I highly recommend looking into alternative methods of making money. Investing is a long game, and you should not be expecting any significant income for decades. That being said, if you do not at least become a millionaire in 30 years, you failed. I say this because this is possible for the vast majority of people working a chitty job by simply saving 10% of your income every month and putting it into various index funds and bonds.

For the 1% with strong quantitative abilities, math background (STEM brahs), etc then trading is a very viable way to make money. Start looking into options, financial derivatives, and other instruments which is highly math-based. You don't need to know how to derive the Black-Scholes, but you do need to understand what a stochastic process is, random walk theory, etc.

@ckuyook: tldr There are ways to use math to directly hedge away your risk (100% profit), similar to how multi-billion quant hedge funds make their money. You will make **** in the beginning if you have no capital, but it will add up extremely quickly if you know what you are doing.

[mike.hunt]

got out of the tsla puts today before market closed you gotta be fukin kidding fuarkkrsdk:jkldfjksdf
sd
{fsdfsdf


oh my god i've been stalking this for a week+, lost patience and then this **** happens, i feel so sick

Damn son

[GabrielNovar]

Ughh tsla...was not ready for that dip. Wanted to load puts should have ran a spread but I was trying to be greedy.

[iPhoneSRQ]

got out of the tsla puts today before market closed you gotta be fukin kidding fuarkkrsdk:jkldfjksdf
sd{fsdfsdf **** happens, i feel so sick

dam brah i saw your post yesterday was hoping you still had them..30pts ITM would've been sweet

[Slamt]

dam brah i saw your post yesterday was hoping you still had them..30pts ITM would've been sweet

Just gotta hit the next one

think it will be BIDU. Will take some GOOGL puts if it holds under 701.75.

IBB about to hit a pretty key 250 lvl.

[mike.hunt]

did some analysis on BIDU as well...

Spoiler!

cliffs: cats game

[thetrebel]

dam brah i saw your post yesterday was hoping you still had them..30pts ITM would've been sweet

Og were u been at cuz



Slamt that's life son.jpg


still remember my first potential 10 bagger. 3x silver etf, bought and sold at 10% gain. Thought I was a genius


Next week it went over 1000%


SRS

was at chickfila looking at my phone just numb

Could have changed my life oh well lmao

[Venom08]

^ lol, I remember May 2011.

[monty097]

just buy dividend paying bank stocks

brb dividends = built-in hedge against inflation
brb banks haven't cut their dividend in like 100 years

Das it mane

[thetrebel]

just buy dividend paying bank stocks

brb dividends = built-in hedge against inflation
brb banks haven't cut their dividend in like 100 years

Das it mane

Wow what an amazing strategy I well use this from now on!

Thanks guy can't believe I never thought if this.

[monty097]

Wow what an amazing strategy I well use this from now on!

Thanks guy can't believe I never thought if this.

GOAT strategy, never been done

[Slamt]

Nice, my bois at Barclays coming through with the PCLN upgrade

30 dollar gap at open so far HNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNg

[Venom08]

got out of the tsla puts today before market closed you gotta be fukin kidding fuarkkrsdk:jkldfjksdf
sd
{fsdfsdf


oh my god i've been stalking this for a week+, lost patience and then this **** happens, i feel so sick

There are quite a few that are up 1800-2400% right now... I imagine they were up way more when it was at the lows $6 ago.

[stevesteve12]

IV is INSANE right now. pricing in a 2% move on the SPX on referendum result

[mike.hunt]

Just found this subreddit

Reddit.com/r/wallstreetbets

Full of trolling and yolo bets, love it

[jiujitsubro]

in it to win it.

NVCN, IMNP, Keeping my eye on GBSN.

AMD is a possibility.

[mike.hunt]

in it to win it.

NVCN, IMNP, Keeping my eye on GBSN.

AMD is a possibility.

NVCN - being investigated for class action lawsuit just lol
IMNP - never heard of it, strong pump and dump last year
GBSN - terrible company been watching it for a few months, has a few nice pops but would never buy, it's on strong downward trend

Those stocks are fricking awful m8

AMD is a great buy especially after today's drop.


Buying scrub stocks that are sub $1 and have been on downward trend for months/years is pretty much guaranteed way to go broke. Don't try to "catch a falling knife" as they say.
Check out VGZ and MSTX 3 month charts, jump in ride the rollercoaster up and jump out before it falls off the cliff lol

[jiujitsubro]

NVCN - being investigated for class action lawsuit just lol
IMNP - never heard of it, strong pump and dump last year
GBSN - terrible company been watching it for a few months, has a few nice pops but would never buy, it's on strong downward trend

Those stocks are fricking awful m8

AMD is a great buy especially after today's drop.


Buying scrub stocks that are sub $1 and have been on downward trend for months/years is pretty much guaranteed way to go broke. Don't try to "catch a falling knife" as they say.
Check out VGZ and MSTX 3 month charts, jump in ride the rollercoaster up and jump out before it falls off the cliff lol

I'm testing the waters at the moment and going a little at a time to learn the system. I'm not pros like you guys just yet. I've got the background for it just never thought of playing the game live until now.

Thank i'm adding those to the watch.