market tummyache edition>Educational sites:https://www.investopedia.com/https://www.khanacademy.org/economics-finance-domain>Charts/Screeners/Data:https://www.tradingview.comhttps://finviz.com/https://www.investing.com/indices/indices-futureshttps://finance.yahoo.com/>Live Streams:https://www.newslive.com/american/cnbc.htmlhttps://www.livestreamy.net/bloomberg/>Options:https://www.optionsprofitcalculator.comhttps://optionstrat.com/https://www.optionistics.com/quotes/option-prices>Calendars:https://www.marketwatch.com/economy-politics/calendarhttps://www.earningswhispers.com/calendarhttps://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.htmlhttps://www.chabad.org/calendar/view/month.htm>Boomer Investing:https://www.bogleheads.org/wiki/Getting_startedhttps://bitcoin.org>Alternate Investmentinghttps://brickfact.com/blog/guides/investing-in-legohttps://www.tresna.co.uk/blog/rarest-bmx-bikes.htmhttps://nerdacity.co.uk/blog/essential-tips-for-funko-pop-collecting-and-investing>Misc:https://www.portfoliovisualizer.comhttps://finance.yahoo.com/trending-tickershttps://www.dividendchannel.com/drip-returns-calculatorhttps://brokerchooser.com/https://bad-dragon.com>Anons in troublehttps://www.crsgh.com/blog/object-stuck-in-your-rectum-why-prompt-medical-care-mattershttps://www.psychiatry.org/patients-families/suicide-prevention>>24432819 previous
cute maid humming a happy little song :)
i need a nap. green day but not exit day for labu. will hold. GOOD financial data today, even though the market's feigning illness.
>>24446722So the fund is seeing outflows, and it's only intended for one day holds, and you think the markets faking it? Just the outflows is good enough to sell, they seem to be a reliable indicator fo directionBut indicators are meant to be ignored, like today the a/d is heavily skewed to the decline, so I should buy long at every dip.
>>24446722I case ya don't believe me bout the outflows, 4 times in 2 years is super reliable, but why am I doing this, your nap is mo important. Go ahead and reliably lose money.
>>24446834well labu is a derivative of xbi basically, i'm not really concerned about outflows there. like i said i only watch the xbi chart i don't care about labu volume because it's gonna track xbi anyhowfinally had some ok dreams, not nightmares at least. market is cranky in after hours but these prices don't count. think it will be feeling better by tomorrow.
>>24447465>Prices don't count>I thinkPrecisely the mindset yo broker wants you to keep, so the fees never stop. Take losses as just bad luck, then head straight back into multi layered leverage. Also why not just buy xbi? Seems like everyone is slurping but don't care for lower prices, unlike labu where clearly from the inflow outflow chart you wait for a confirm before going long, but I guess you got inside information on biotech, a sector known for being boom or bust. I counted all the fundamentals you two are breaking with this and it's at least 5 if ya don't got stops in. Ya idc what ya do in yo personal life, whatever floats yo boat, but being irresponsible with yo capital is just stupid, and at the least imma put out there fo others to read how dangerous this style of trading is, especially fo us retail bois who won't get bailed out if we go bust or get a margin call. Like it's one thing to do this on wall st, cuz one traders destruction won't sink a firm, but to yo broker you're just another number on a spreadsheet, and potentially a debt to hunt down.Call me wimpy call me overly cautious but the two things ya need to always have on yo mind is "how do I make a profit?" And equally important "how do I protect my capital?" If one gets neglected you put yo fate in someone else's hands. And they don't give a shih bout yo hopes and dreams one bit. I used to think it's a 50/50 between my choices and the markets reaction, but I was wrong, it's 100% yo choices that determine the outcome, if the market don't agree with ya or is neutral, it's YOU who is wrong and the only way to course correct is to EXIT NOW, the market will not save you. At worst if it does go yo way after ya exit, boohoo ya miss out on a bit of profit, but ya also missed out on losing more or all by staying in. Imma post some screenshots of shih both you and swiftie need to hear, so at the least ya have to say that this other bro is wrong
This is from a short interview with a trader known as the phantom of the pits, also the title of the pdf. Arguably one of the best pieces of writing on trading, ya can find it fo free on trader toms website.What you do is leveraged short term trading, essentially the same as futures trading, but a bit more dangerous, most futures traders never leave a position open overnight Is yo trade calls or are ya holding a bag?At least with calls ya don't go negative.
>>24447595i used to feel just that way about the market and risk takers. and i understand it too because there's nothing good about risk. but it's something you have to get comfortable with for bigger returns, the two go hand in hand.
>>24447658Ya don't get it still, I take risks, everyone does when they enter any trade.And you do understand that going for bigger returns means much bigger losses? Leverage is much more lethal on the downside, have you ever calculated the losses that come with a 10% downturn on the underlying asset?the one thing wall st does right is they do their due diligence on a trade to make sure the downside risk is minimal, I do the same by reading the 10ks and assessing their debt situation and looking at the economic conditions for their industry. Not as good as the big dawgs but good enough if the chart favors yo direction.I have never heard you once talk about the underlying fundamentals on biotech, or even what the FDA is doing. You only talk of good feelings and hope. Brokers luv that talk, it generates the most activity in the market, giving them mo money.
>>24447790well i have in the past but it wouldn't matter either way. they're gonna be one of the biggest beneficiaries of ai. chemistry is extremely complicated and computer aided research is going to be a massive tailwind for that industry, new drug discoveries but they'll also benefit from other scientific breakthroughs aided by ai. they don't even need to invest a lot of capital for it either, the hyperscalers are basically funding a new tool for them that's the best thing that's ever happened to that industry, they get to piggyback off of a massive trend. someone elses risk and investment, their rewards.
and it's a mean reversion gap fill trade anyways, if they raise the headline font size and start blaring the sirens i'll know to get out. i'll take a big haircut obviously but that's the risk. i don't see that happening, think the selling was irrational and overdone, and when things get back to normal i'll exit with a profit.
>>24447889Ya had some good insights but then everything ended up hanging on "I think"Ya know if ya exit now but enter when the chart confirms, you could easily make back yo losses, and then a profit, if what you say is remotely true? So it's either: loss now, but avoid more loss, then miss out on some profit, boohoo.ORstay in, take whatever the market gives ya, essentially a slot machine, and the previous choice was waiting for a better hand in poker. Both gambles, one has better defined risk. Staying in and just saying "I think" is undefined risk, textbook example, especially when ya hold overnight.
Also ya have no patience to read what others say, I know ya don't have to respond to everything but this always happens, you dish out word salad but when someone else responds likewise, it's only the first sentence read, or you just say "not gonna read that" I like longform writing, and I even read leafbros rants, I never know what to say, but that's what I like bout bant smg, lots to read not just tiktok length answers. Not mad at ya, just needed to say it.
>>24447979i read what you write but i don't want to argue point by point. you feel really strongly and i don't have much of an interest in changing your mind, i see things very different from you, our disagreements about finance run a lot deeper and i think you have a fundamental mistrust of the system, skepticism and dislike of wall street. a lot of what you say is true and valid but i think you're missing the bigger picture. it's not that you're wrong you just don't have all the information. and neither do i but i'm comfortable trusting in things i don't understand, i dont think you are.
>>24448036Of course I don't trust things I don't understand, especially when money is involved. You can theoretically get infinite profits, but you can only lose what ya have, or with leverage you can go in the negative. Whatevs bro, I always wanna live in a way that I can say I warned ya. Also beginners might wander in here to learn bout the market, and sure in a bull market everyone a genius but only takes one swift bear market to wipe away everything. Then they become overly cautious when the next bull season comes.The market is an awesome money making machine, but respect needs to be paid. I used to think it was me versus the market, but now Im more of the mindset of it's me vs me, and I gots to get to a point where the market is in agreement with me, otherwise I sit out. And you clearly have no respect for what the market can do, otherwise you'd be out until ya get a better reason than "I think"
>>24448036Last word: I have put trust in the market before and that's when I lose money the most. I come to the same conclusion that many more successful bros have expressed in many different ways, put most simply: cut yo losses short, let yo winners run. So whatcha doin now? Letting yo losses run? Woo lad you could inverse yo strat and be a millionaire. You brag bout yo tiny profits every day, I know what cutting profits short looks like.
if you've ever watched the big lebowski, there's that scene where walter blows up at smoky for being over the line. when you get this way i always think about that scene. walter wasn't wrong, smoky was over the line. but that doesn't mean he didn't mishandle the situation all the same.
>>24448293Ya but that's over a bowling game, this is over hard earned money, big difference I realize I come across as whatever, but the worse option is I'm quiet bout things, I only shut up when it's my enemies or people I don't really care bout doin shih.
learned the basic waltz step on youtube today, but the problem is i have no rhythm, i cannot follow a beat in music. there are dance classes on the boat and i'm going to take advantage, they have ballroom dancing each night and i am hoping to have fun doing that. there's some pianos on the ship as well so i'm gonna try to brush up on my skills, should help my rhythm as well, i just play by feel basically. i have a metronome but it hurts my brain to work with. it will be worth it though to get some attention.>>24448333i know you care and you're worried about me, but i'm leaning one way and don't want to stop. you may be right but i'm worried about missing upside right now. i've had a criminally good year and can afford a haircut too.
I never related to a criminal this muchhttps://youtu.be/Dm9xESHT110?si=aPqE2Vjzm6Z_DS2h
>>24448386https://www.youtube.com/watch?v=nSJZ0Wst6ak
>>24448405https://youtu.be/HVwR7b5z4OE?si=jjKT8egBU4TWgyPq
https://www.youtube.com/watch?v=1lWJXDG2i0Acracked up about this comment on /biz/ today
i look a lot like tom petty too. nobody says it like they did david bowie, but it's true. i don't have his thin lips though.
this has got to be the bottom in crypto... insane dump. koreans are gonna take their dram profits and buy eth eventually...
i guess 1650 eth is the next support
had smoothie. gym soon. melancholy feeling and i cannot shake it. rotting and despairing. just a month ago i would have counted this as a pretty good day though. it wasn't, objectively. neither has most of my life been the last 7 years. tasted some happiness and it's got me hurting more, but on the bright side it has me very hungry for more and i'm going to be happy again.
only did a partial workout, felt a twinge in my belly, probably nothing, but not risking a hernia, especially when my enthusiasm is low in the first place. 3 sets of bench @ 190. skipped deadlifts and rows. not tired but don't want to do anything that might activate or aggravate my abs tonight. just being cautious, it was probably nothing, felt much worse tummy pains and got over it fine. disappointed and mad now but it was probably the right choice and i'm not going back on it. if i can't sleep i can always do cardio (not likely)
tell me about venice swiftie
>>24450044I hear venice got sewage in the canals, kinda smelly, never been there but that's what my aunt said. Wish I could've been there for COVID, what a town to be stuck in. Makes sense tho, if my town was always overrun with tourists, I'd smelly up the place to drive em out, so my theory is people take poos out their windows to keep the tourists to a minimum
>>24450378i already asked ai and it said that's a myth, however the tides are apparently low in summertime and it can smell fishy, but i guess that myth keeps the tourists away. the real problem is mosquitos, says gemini
Ahhh shih bros, buckle yo seatbelts, pdt rules ended tonite, already 1% up on vix, could be unrelated, but a lot mo retard liquidity bout to hit the markets I could see a situation where the big dawgs exclusively frik with retail today. I would if I was out golfing with my hedge fund bros, I'd have a gentlemans agreement to all gang up on retail on the day pdt rules end. But might be a nothingburger, the previous requirement was 25k in acct or get pdt flagged, now it's 2k to avoid pdt flag. So say there's 10mil users with barely 2k, that's 2bil spread out, but if there's hordes of Asians with US broker accts then that's a hugely different ballgame. Idk tho, but it's good to know and good fo my vix calls. Might just take the first ramp I get if there's a big enough vix spike. But man oh man, they wanna go full casino what with 24/7 trading in Oct I believe then doing away with quarterly reports. Next up more ways to leverage yoself
>>24450044I only went there once when I was a child so a long long time ago and it was already disappointing and the food was bad (scam).I also remember it was the first time that I realized that birds can clearly be a pest because they were doves everywhere shitting on everything. I ran into them like a child would do and that was pretty fun.I still have a love/hate relationship to birds.https://youtu.be/KlV9GvzRFs0?si=O20Qc6okBSIf2HuC
hmm. well i intend to go. it seems like a really beautiful place, it's on my list of must-go places. starting to ask ai about what to do in europe, first stop is the hamburger kunsthalle. sounds very american...
premarket looking bad but xbi is up. need 1.1% move to break even, all i'm really worried about right now. had some strange dreams. not nightmares but not fun. there were some weird biblical references and i wish i could remember them because a lot of the bible talk seemed accurate, i have not read the bible though, just proverbs and ecclesiastes, so it would be super strange if they were true, but it was probably nonsense, it was like a teacher preparing me for a quiz on the old testament with some really specific and obscure factoids.
orange juice is pumping at an important support level. we may get our moment after all swiftie, there may be a lot of lonely zoomettes soon, fix the pussy shortage on the demand side.
should try to quit nicotine as well in this last month before leaving. would be one less thing to worry about and weigh me down. it's the one thing i buy that mom won't pay for also.
>>24451020*puffs vape*
back to bed i guess...