depression would imply a global collapse. and yes it's very possible. stock market crashed at this speed for 70 days in 1929, and then it recovered 50% of its losses followed by a 3 year bear market that reduced the dow jones index by 90%
Jonathan Walker
Hey /smg/. Any ideas to make some money during the quarantine?
Daniel Perez
fucking hell my IB account still not activated yet, these sons of bitching aren't bothered.
How hard is it to be european and open an account. Any other recommendations? i've been waiting 3 days now...
As discussed in previous thread this makes zero difference to the market.
Jackson Parker
so what? all the critical trading has been done electronically for a long time now
Jayden Murphy
Degiro? Took me like 3 hrs and instant money transfer 2k.
Owen Gray
And the world still exists. Recessions are supposed to happen.
Tyler Powell
Nah senpai VIX calls
Leo Sanders
Experienced anons are betting on 3x US Index crude oil stocks - Mainly GUSH and UWT. You can get some, but just for some safety and far more stable returns there is XLE, USO, or XOM. I recommend just stock up on 50-50 GUSH/XLE. Other anons will have different opinions but this should get you started at least.
TP is the new "coin". PT is a close 2nd. Here we are 3 months into this shit virus situation and look at the state of things. We're fucked if this lasts even 6 months. We're almost fucked now.
Liam Morales
So my theory is S&P 500 touches 2060 or 2050 and bounces back into a 50% recovery of the losses. After that, if we have a recession it will recover over time, if we have a depression the 50% recovery will very slowly decline (over at least a year) to just above 1400 before the depression ends.
can you explain this meme line bullshit? like do you just open ms paint and draw a line? what if my line has the exact same slope as yours but it's 10 pixels lower?
Sebastian Adams
>better spew out random numbers to look cool in front of my internet friends
Jayden Morris
Oh you'd be surprised.
Logan Lee
Because hes a fucking idiot but the Nikkei will be pumped to 40k eventually by BOJ no doubt
Noah Parker
What's the point of this post?
Noah Collins
I have a giro account but it looks so slow and cheap, but low fees though. do you recommend it, how is it so far? i want to option trade btw.
Not collapse, where's the fun in that? In all honesty, do you really think this system got built by them to become extremely rich and powerful, just to have everything turn useless after a few decades? Like I posted in the last thread, people with the big money are currently fighting by trying to buy into large companies in hope of gaining a majority.. would they do this if the world as we know it was ending? Fuck no. Now.. it doesn't mean we will recover like nothing happened since we might still see an actual recession, but everything will recover in time.
Owen Powell
is this shit serious, GUSH has lost over 99% in 2020 and UWT like 97%?
why TF wouldnt you buy this for literal pennies per share, oil can't stay $0 forever. There's nowhere for these to go but up
Brandon Morgan
snss turned out to be a pile of garbage like every other bio pennystock shilled here and he got btfo by the thread
Elijah Anderson
killed himself after losing everything
Hudson Wright
same as yours, nothing
Chase Sullivan
Everything after 2008 was a pump. We are looking at below 1000 level here before it bounces.
Charles Allen
bankrupt (press F to pay respects)
Hunter Thomas
Finally some thinking
Caleb Bennett
He's calling you a faggot without calling you a faggot, you faggot
Michael James
newbie, just started stocks with tvix, I'm down 3k. I'm thinking of dumping all my money into sqqq to recover my loss over time.. wat do?
Xavier Martinez
Degiro? Took me like 3 hrs and instant money transfer 2k.
> (You) >I have a giro account but it looks so slow and cheap, but low fees though. do you recommend it, how is it so far? i want to option trade btw. Works perfectly. The speed is quick..cheap prices. I was licking making gains with tui (15 percent plus) and Deutsche Bank. US stocks are like 50 cents plus 0.08 percent fee. Very easy. I'm going in with 30 percent of my savings. If we decline recession I think I can double my starting money.
Back to degiro. It's saved up by a fond. Try it, better than those shitty trade republic shit and not too special
Christopher Lopez
>all futures red except the s&p Oh boy. Are you ready for another Fednigger pump?
Matthew Brooks
Smash your head into a brick wall repeatedly
Oliver Mitchell
Yeah I asked in the previous thread wtf happened to GUSH. What impacts its price? Is it only related to murican oil companies or oil trade in general?
Benjamin Allen
Everytime I know the pump is coming I bitch out because I feel like they're gunna switch it up.
David Watson
France, China (Manchuria or Wuhan funny enough), Austria (austro-hungarian empire), and Kansas are the 4 most widely accepted plausible places where spanish flu began
impossible to know for sure without a time machine tho
>GUSH Holy fuck why wouldn't anyone buy call options on this years out?
Lincoln Mitchell
You won't make that back and were heading into depression.
Logan Bell
What the hell? I might as well throw a dart on a map.
Kevin Brown
Anyone trading the S&P is going to be watching these 2 for some indication of a trend change because they're so obvious. Maybe large shorts would start to cover once we get above it. Maybe more shorts would come in once we hit it or longs might start to press their position to break above it. There are general guidelines but generally you would draw a trend line from the peaks that best fits the most candles. 10 pixels could make a difference, but ideally you want to be looking at the same line most people would draw. For one other example, look at the horizontal level at 2550. That's certainly an important level.
That's what I thought a week ago. Having said that I'm up 38% on my GUSH that I'm bag holding until tomorrow
Carter Phillips
>Futures already back to
Josiah Martin
DIS @ $50 odds are increasing. (fell to 88 today). Hope it happens right when my 1000 check from the govt lands in my mailbox.
Gabriel Scott
>just started stocks with tvix TVIX isn't even a stock and part of me wants to laugh at you. You must have put a lot of money into a total gamble you knew nothing about to lose 3k.
I hope you're trolling.
Grayson Phillips
You guys are buying stuff like USO or GUSH instead of actual energy companies, right? I'm still bagholding MTDR since 2.30.
>buying calls nigs you should be selling puts if anything.
Is anyone really an option buyer right now?
Ethan Phillips
Does GUSH even go up on green days? It kinda looks dead and pathetic for the time being.
Hunter Bailey
Don't be a dipshit and panic sell your put when you know the market volatility is going to go up as shit hits the fan. Any puts can enter red for a short time before finally going green. Its just the nature of stocks not dropping all the time. Sometimes they'll go up a bit before dropping further.
Liam Long
mark s. sticks to posting on stocktwits where he gets upvotes instead of challenges to his opinion
Isaiah Morgan
GTFO cryptofag.
Christopher Davis
I'm doing both. I'm bag holding XOM and losing hundreds and thousands on it. MRO too. It's been depressing. But I'm long. I'm surprised how well GUSH has done for me today. Let's hope it continues tomorrow. Got some UWT too
Evan Johnson
I still don't get it, why the fuck doesn't everyone just throw $1000 into a GUSH option a couple years out? What am I missing? That's literally exponential gains according to optionsprofitcalculator
XOM and CVX fucked me up, I thought nothing could beat my KHC blunder but surprises happen
Adam Jackson
>It actually goes up on red days Dafuq.
Colton Wilson
Well first I need puts to sell and I ain't buy puts unless that shit is deep red Tribaistic and retardpilled
Nathaniel Bell
Go for it. It could be a kingmaker for you.
Jeremiah Taylor
This, honestly when I invest in options, I consider that money gone. There is no selling for-10,25,50 even 90%. In this fucking volatility I'm going from being up by thousands of dollars to down by thousands of dollars in 2 hours spans. Trading options right now is not for the timid or the weak handed.
Liam Wood
Buy CVX at $40. You heard it here first.
Andrew Gray
Seriously though; do you really think the U.S could stand another 3 months of this shit? By the look of it now, hell no. To say nothing of waiting a year for the supposed "cure" to be done if they go by the book. If this lasts 3 more months we're fucked in almost every way.
John Butler
my tfsa won't let me do options, I don't really know what to do now since I borrowed like 5k from my sister... I just wanted to make some money to buy a new cheap car
Christopher Miller
Same. Not as bad as the few shares of RDS.B and BP I have though...wow. Would not want to be heavy in those. It'll come back. Good time to long oil right now.
Newfags should just accept they are missing out this crash. You should have started 6 months ago at the least. You aren't going to get any money from this. You lack knowledge and psychology to withstand volatility this high.
Lucas Richardson
Bros, help me out.
I have almost no confidence in my stock picks despite being 100% boomer tier blue chips. Look at oil or what happened to Boeing. You can't predict when a black swan is gonna wreck one of your holdings. I have seriously considered switching into index funds even tho I know it's a basket of mostly losers.
Do you have any advice or stuff I could read to soothe my nerves?
Jackson Brown
3 main ones are chinese immigrants working on austrian eastern front, or american GI's brought it to France, where it exploded out to the world
If I were a betting man id say China was the origin, since it hardly effected the coastal chinese cities of Macau and Hong Kong, and Beijing, but to say that statistics for the interior of china are lacking would be a massive understatement, so who knows
There are signs that if it did start in Kansas, it could have been from Chinese workers, like the Austria case, but again its all speculation without a timemachine to actually go and check
Spanish flu's earliest cases are on 3 different continents within a week's time though, so yea its a guessing game if you "must" blame one origin location
also Spanish Flu spread EVERYWHERE, like independent researchers in Antarctica with no outside contact got it for fuck's sake
I don't want to worry you but if corona is real, it hasn't even begun in the states. If commiefornia goes into lockdown, which it will, we're going to see levels of red never before seen on the stock market.
Justin Gutierrez
Volatilty dies down after a market crash. I would wait until next month before doing any moves.
Nathan Long
It's like penny stocks, but with options!
Jose Torres
You think tech (FB,GOOG) is really impacted by this?
Speaking of which, leafs should be aware that Horizons is doing a split on several of their 2x leveraged commodity ETFs over the weekend. If you bought HSU, for instance, it's going to show up funky in your portfolio on Monday. It will still be tradeable but you may have to enter the ticker manually on buy/sell.
Carson Johnson
Invest in companies you think are cool at want to learn more about. If you invest in boring shit you won't dig into the details.
Liam Young
>What am I missing? that website assumes the greeks have constant values, when they are anything but constant
Theta is probably going to rape you, but there are a few ways it could go
>projecting a higher ordered system of equations onto a 2d graph and expecting to see all the variables this is why options are not for everyone
cryptobros have been through way way worse. Anyone that has been trading crypto since 2017 at the latest is well versed enough to navigate the boomer stock market. They just have to learn the basics of the system not day trading/psychology which they already have on their resume.
Brandon Sanders
Anyone else think TVIX is gunna break $1000 on Friday?
Jacob Gomez
Because it seems to good to be true
William Green
> By the time you even solve it all the data is worthless Shiggy diggy
Samuel Nelson
because $1000 turning into $10k doesn't actually do anything for me. i dont like buying lottery tickets. people should have a plan and scale into broad index funds, that is if you have a big boy account.
Christopher Bailey
I don't understand why GUSH is being shilled by that one guy lately. It's like he knows people don't do their research and realize that an inverse split is coming on the 24.
Camden Miller
GUSH fucks your shit via contango
Christian Roberts
Go to walmar and speak with the cashier They offer investment opportunities
Gabriel Rivera
Very well could. This is going to get very ugly in short order. This shit hasn't even begun.
Gavin Gomez
I'm honestly gunna go in on it tomorrow, because it seems to die on green days for some reason.
Nathan Rodriguez
Inverse splits only damage stocks . GUSH is not a damn stock
Levi Hall
Today was the most kino day of my life >wake up at market open >blood on the floor >short positions aren't even covering my longs anymore >open Yas Forums pink wojaks everywhere >watching CNBC with my dad while working from home >take a break >Bill Ackman's kino doomsday speech comes on >slack message from boss man >grim do you have time for a call? >sure! >know immediately what is happening >begins telling me they're going to be cutting back because of COVID-19 >hear audible gulps and worry in his voice >get laid off and told if everything clears up they'll reach out again in a couple months >pack my stuff and head to the office >it's raining and the sky is grey >listening to CNBC radio >BREAKING NEWS ITALY DEATH TOLL NEAR CHINA LEVELS >BREAKING NEWS RESTAURANTS CLOSING FOR 2 WEEKS >BREAKING NEWS BREAKING NEWS BREAKING NEWS >pass sign on the freeway saying DISENFECT 2 PROTECT HANDS >radio stream cuts out only hear windshield wipers squeaking >drop off my stuff see one senior level guy in the office >clear worry on his face >can't even shake his hand >drive back home >BREAKING NEWS BREAKING NEWS BREAKING NEWS >clouds start parting as I pull up at home >sun comes out >comfy watching cramer What a fun day!
pls i want to be rich too i sold all my swords so i can invest now
Jason Fisher
not only contango, but there are premiums to pay for the derivatives that enable the leverage. and obviously, during high volatile markets it ain't cheap.
Jace Harris
Not if you're retarded like I am.
Julian Nguyen
Plus500 is the worst. They require all sorts of proof to even use the platform and require a statement from your bank to even cash out. I dont think you can even cash out desu. The spreads are the worst from all platforms. I would recommend anything else. Personally I use Admiral markets.
Aiden Ortiz
what math do you need to have down to understand that pic? Specifically please and thank you.
Adrian Gomez
You're right. I'm an idiot. Thanks for saving me from bag holding.
Anthony Powell
Thats because it is. GUSH is going to zero buddy. Im shorting the shit out of it.
Colton Edwards
>Give it to me straight, can we potentially see a global economic collapse? Or will it be just a depression/recession?
If there's an actual system collapse of the banking system, or if DB were to go under, you'd see something unequaled in modern history.
Colton Barnes
> Inverse split Lolol.
Ayden Kelly
pretty based
Jack Moore
ok but how much money did you make fren?
Brandon Richardson
>Ackman I just watched the entire interview and then looked him up. He said in the interview that Elon Musk needs to convert his Tesla factory into a ventilator factory and everyone needs to stay at home and eat Chipotle. Funny that he has massive shares in both Tesla and Chipotle.
Austin Barnes
This. The safest, long-term alternative is DCAing XOM and MRO. They are dirty cheap right now.
Dominic Foster
because GUSH is never going back to over 5, even if gas triples you see gush at like 3 dollars. You'll never see big numbers. Not to mention the decay. A 20% loss is more than a 20% gain
what are you talking about besides the stock market?
In a few weeks we'll have a very good idea of who's infected and who isn't. Then we'll also be better adapted to a new way of living, and many people who figured out how to profit off the panic in ways that will seem obvious to us in hindsight will be seen as brilliant entrepreneurs, and many copycats will likely emerge.
I can't imagine how much blood I'll be pissing if my longs go down any more than this. Who the fuck could sell now? I just have to stay strong with my SDOW, DOG, FNGD, and TZA
AAAAAAAAAAAAAAAA I HAVEN'T SHORTED EUROPE OR WATCHED CRAMER ALL WEEK!!!!!!!
