>corona virus spreading everywhere >it’s gonna cause a recession >muh supply lines!! >muh apocalypse >muh toilet paper >reeeeeeee!!!!!
Wyatt Davis
Just placed a bunch of calls and buy orders, don't let me down Trump
Ayden Sullivan
Peak panic is over. Buy stocks now. Short bonds. We're bouncing back this week.
Connor Fisher
gonna masturbate my tears away, wish me luck.
Leo Jones
He already nixed one of his proposed economic policy changes from last night that was driving the rally, but don't worry he'll probably keep delaying the announcement until after close, so you'll be good for the day.
Colton Ortiz
Yeah liquidity can be an issue with these things but strangely in this instance the 250 calls have a better spread than at the money and most out of the money for Dec 2022 SPY Interactive Brokers like the other user said is great with free stock trades and cheap options. Others are TWS, TD Ameritrade, and Schwab. You can't go wrong with any of those only thing is options trading is 65 cents per contract. I think only Robinhood is free options but they've been having some infrastructure issues makimg them hard to recommend. I still use RH for one of my accounts though cuz I'm hardheaded Dangit man. That sucks. Hopefully we'll get some more good dips before the market really comes back and you can get in. I don't want people to suffer economically but my feelings wouldn't be hurt at all if we end up with a 50% drop between now and next year. Probably a pipedream but still
Dylan Gray
You should be heavy in defensives like XLP and XLU as the recession has begun
Elijah Thomas
Niggers on CNBC calling a dead cat bounce, please god
The moment he gives the announcement, the bottom falls out, just like when Powell spoke about the rate cut. That's when reality sets in, and you realize this will have absolutely 0 effect on any of the problems we are currently facing, and is entirely desperation on the part of the federal government.
Isaiah Davis
Where the fuck is oil going? Price is up about 10% today, but ll it get fucked.
Alexander Cox
Hey those guys are pretty accurate, if you take the opposite of what they say.
Benjamin Campbell
Fuck, that's how you know it's green as fuck open.
Nathan Diaz
Headed back over $40 after irrational panic subsides.
Aiden Clark
That is the common sense interpretation If there’s FUD over the spending package we could get some very nice chop this week.
Yup. Simply proposing small business tax cuts isn't going to help. Because they still need to be passed and it's going to be a bill will a bunch of other tacked on bullshit that will get bogged down in congress, and two won't offer instant support.
Parker Lopez
I like IB because they have the most solid business model, and their interests align with their clients' (price improvement, security lending, margin cost and interest paid on cash). Other brokers don't go as far. On the other hand, they don't hold your hand, their UI is very arcane and opening an account with them is quite the nightmare.
Logan Lewis
>all the pro trumpf post lately in /biz
wew i wonder what shitty board is raiding us right now...
Andrew Perez
Not to mention does absolutely nothing to very damaged supply chains, does nothing to increase the rate of testing here for the virus, does nothing for the OPEC crisis, I mean it literally just does nothing.
Luke Powell
Not even board, just fucking /ptg/, they're shitting up all the /cvg/ threads and raiding anything on Yas Forums related to his massive retardation handling everything the past month.
Camden Jenkins
I am up 5,70 EUR. Yeah, I think the golden bull run is back boiiis
I 100% expect to only here about how many new tests have been distributed and get exactly 0 numbers from the federal government on the test results. We currently have so few cases because it's only the severe ones, there's like thousands more mild cases that are going undetected or under-reported as flu/cold, if we had the real numbers now you would see a much larger shock to consumer confidence which Trump is terrified of because it's what's propping up the economy.
Gabriel Brooks
Think I'm gonna stream CNBC at work today.
Cameron Mitchell
FUCK YOU YOU PIZZA FUCKS
Adrian Rodriguez
Agreed and yes TWS has a steep learning curve. Well worth the effort though
Xavier Walker
>trading is so easy. I made 12 trillion shorting the market yesterday. We’re going into a recession. I know because even though I was only 8 yrs old during the Great Recession I read about it in high school and saw a bunch of YouTube videos! Just buy when the green line crosses the red line and sell when the red line goes above the green line!! It’s so obviously easy!!!
Oil war just started Russia hasn't responded to this mornings news that the ME is going to start pumping at ludicrous levels.
Kayden Johnson
Literally sell if you're out of the red This is a dead cat bounce
Brayden Bailey
>12 trillions by shorting >Yas Forums btfo eternally 5ever
Cameron Robinson
Are you betting on another dip happening, or you're thinking we bull now?
In other words, what percentage of your cash is currently invested?
Carson Jackson
>tfw bought in at 12.1 trillion
Julian Clark
9 weeks ago Wuhan had public cases of 20-50 2 weeks ago Italy had 50 cases.
Now China has 100,000+ Italy 8000+
US has public cases 500 right now in 2 to 9 weeks US will have ____ cases
Leo Collins
>he doesn't have infinite money wow, don't post here anymore lad
Dominic Ortiz
Scale doesn't work for the US, we're just starting to test, you have to take the US 500 and compare it to the number of severe cases at this point in China/Italy and grain of salt it because we have identified some number of mild cases via tracing contact.
Adrian Mitchell
the UI in IB is absolutely dismal. I kind of started to accept it though. The only thing I hate about it and found out only a few days ago is the 10 dollar fee on the pro accounts. I was planning on using that broker por holding only, so that's no good. Can you somehow change your account into IB lite?
Easton Parker
I will once interest rates go to 0 I'll just borrow again at the previous loan in an infinite interest free daisy chain
Andrew Lee
I have $250 what should i buy lads
Sebastian Walker
Who gives a fuck
Joshua Clark
>at this point Wrong.
"What you want is the number of people infected three weeks ago that have died divided by the number of people that contracted it three weeks ago – and even that is conservative, because some deaths will take longer" westhunt.wordpress.com/2020/03/04/cfr/
Jack Harris
buy more money
Lincoln Brooks
dinner at some nice restaurant and one share of KO
I don't think you can. Iwouldn't recommend the lite account as the margin costs and interests paid on cash are a complete ripoff. Keep saving, you'll reach the $100k eventually, which will waive the fee.
Xavier King
Status on oil? Are we recovering?
Liam Johnson
Its already happened a little But you have to understand declaring a disaster makes federal money available and allows emergency spending So there's a significant incentive for a state or local government to do it if they can even if the crisis is small
anyway thx for the info. Was thinking about switching to degiro. Been using etoro but they're absolute thieves with the fees in the spread and always have """malfunctions""" when there are high levels of volatilty.
You don't read well, let me simplify for you. The US isn't testing on scale for cases outside of severe and symptoms that have a known point of contact with an infected person. So the 500 in the US are an 80/20 split say for severe to mild cases. Whereas in China when they were at 500 it was a 20/80 split on severe cases. So if there's say 400 severe cases in the US there's likely 4x that in un-diagnosed cases, so 2k, you then take that 2k current number and extrapolate your 3 week track.
Ethan Foster
Hasn't begun Though my guess is it won't last long Russia is a lot poorer than it let's on while the Saudis have been planning for shit like this for decades
Grayson Wood
everything is ok. OPEC remembered there is still some oil left. They forgot it.
Degiro is also good. Not as good as IB but much cheaper overall for smaller accounts. They don't handle most foreign withholding taxes, so expect to get fucked over dividends if you invest in non-accumulating funds/stocks. Their money market fund also charges negative interest for euros after €2.5k iirc, which is a fairly low threshold.
John Bennett
>Another typical attitude is read and listen to people saying things like this and think “that’s bad dude” and then go out for dinner because you think you’ll be safe. Lmao yes it's true saturday all the normies were out partying.
This guy was on wall street warriors. His only claim to fame was that penny stock play. After that he just did scalps and barely made any more money that I know of.
Jose Russell
>Are you betting on another dip happening, or you're thinking we bull now? >In other words, what percentage of your cash is currently invested? The short answer is between stocks and futures I'm about 25% of my net worth invested in the equities and derivatives market and my gut is telling me we have at least one more good round of dip to go and probably more cuz neither this oil spat nor coronavirus is over. Meaning there's no rush to buy if you haven't already. The long answer is less euphonious cuz the reality is I don't and cannot know what will happen next and it's that utter uncertainty that ironically informs my trading. Other than the belief that long term markets will be higher and short term the price will move up and down, I try to not have any real opinion. I just react. The price goes down, I buy always leaving money to buy more. I don't sell stocks/ETFs but I do sell futures contracts though, again, as a reaction. I.e., not as a way to express an opinion but to take profit and reload for the next dip. I'm rambling a bit but I mostly don't believe the market can be predicted in the short term so I try to be prepared for any eventuality. In stocks, that takes the form of having money to buy dips and having shares to ride profits. In futures, I focus on my leverage multiple. I keep my leverage between 3 and 5. So if the index drops like it did yesterday and my futures account starts to approach 5x I will unload enough contracts to bring it back down. If the price rises and I get under 3x I'll start adding contracts. Keeping my leverage in the sweet spot coupled with the belief that the price will go up in the long term results in great profitability and little chance of a margin call. That's all I focus on, the gains take care of themselves.
Samuel Scott
Sound advice.
Brayden Garcia
If true then show me video like the vids of China I've seen on liveleaks
I'd love to go to the IRL NYSE and put pepe posters on those fat big screens
Charles Taylor
I think if INO peaks again I'm going to sell. I see another big dip coming.
Easton Bailey
Because levered ETFs are retarded. Go long futures
Luis Gray
>make one great play >gain enough notoriety to sell books and do goofy shows >coast forever off it without ever having to risk your life on crazy stock plays Sounds like a financial genius to me
Guys I'm getting heavy FOMO feelings. I only put around 20% on my networth into stocks yesterday, totaling 60% now. I feel like I'm going to miss the last ever dip and my 40% remaining cash will decrease in buying power by 3% a day.
Justin Butler
Someday i'll learn to close my positions so I don't get snibbed by the crab. At least none of my puts are on triple leverage etfs
Christian Garcia
He is Jewish by the way lol.
Jace Stewart
It’s where you go back to whenever anyone says “go back” That’s what they’re taking about
