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Tokyo Sex Whale
Oct 9, 2012

"My butt smells like vanilla ice cream"

punk rebel ecks posted:

Everywhere said it was stupid to buy SAVE yet I didn't listen due to my gut.

Friend, it is 2021. It is never stupid to buy

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Gone Fashing
Aug 4, 2004

KEEP POSTIN
I'M STILL LAFFIN

punk rebel ecks posted:

Everywhere said it was stupid to buy SAVE yet I didn't listen due to my gut. And now it's one of the best performing airlines.

I hate these stock recommendation sites.

most of them suck really bad and some of them are probably astroturfed by institutions so that they actually say the opposite of what the institution actually does. analysts' price targets and performance expectations are so often bullshit that i've just started ignoring all of them

Gone Fashing
Aug 4, 2004

KEEP POSTIN
I'M STILL LAFFIN
double post

pmchem
Jan 22, 2010


punk rebel ecks posted:

Everywhere said it was stupid to buy SAVE yet I didn't listen due to my gut. And now it's one of the best performing airlines.

I hate these stock recommendation sites.

I keep telling you guys about my twitter list

https://twitter.com/HedgeyeDDale/status/1356374802647445508?s=20

https://twitter.com/realwillmeade/status/1314665331147837441?s=20

Virigoth
Apr 28, 2009

Corona rules everything around me
C.R.E.A.M. get the virus
In the ICU y'all......



I can’t figure out how to report that dumb rear end go fund me. Nobody should subsidize your idiocy and you’ll fuckin do it again.

Kunabomber
Oct 1, 2002


Pillbug
He needs to declare bankruptcy and never touch anything regarding stocks ever again.

Oscar Wild
Apr 11, 2006

It's good to be a G
Yeah, I feel sympathy because he was uneducated but would you operate a $500K wrecking crane if you didn't know how to use it?

Surprisingly Dope
Jan 12, 2011

Lope burgs again

DOPE FIEND KILLA G posted:

it might take a while but i have faith it will bounce back eventually. golf is going to have some good growth overall in the coming years i think

What's the reasoning there, more rich people from memestocks?

mongeese
Mar 30, 2003

If you think in fractals...

Surprisingly Dope posted:

What's the reasoning there, more rich people from memestocks?

Seems like a good brand and they also acquired Top Golf which I think will get bigger from here and I think will come back quicker than some other crowded activities stuff. Maybe they can do other stuff with the technology there, too. They used to be litigious when it comes to IP. Disclaimer: I hate golf and am dumb, so might be totally off here. But I'm in this for a few thousand.

Mr. Pizza
Oct 5, 2009


would there be any reason to have large allocations of VTI, VOO, and VUG at the same time or should you just pick one

Kal Torak
Jul 17, 2003

When Giles sends me on a mission, he says "please". And afterwards I get a cookie.

Kunabomber posted:

You guys see this?

https://www.gofundme.com/f/immigrant-lost-life-saving

To recap:

- Guy buys into the GME hype and gets in at 1/22. At this time it's $50-$70/share.
- Freaks out as the stock is volatile as gently caress, paper hands it and sells his shares.
- Around 1/25 he starts to sell NAKED CALLS @ $115 expiring on 1/29 for $45 premium, thinking that he'll make money as long as the share price doesn't go over $160.
- Elon Musk and others tweet about GME, spiking the stock price. Guy tries desperately to buy back call options to cover for his contracts but realizes that he can't do any options trading in after-hours.
- Broker sees the spike and covers the calls @ $300/share. He is now almost $500K in the hole.

How the gently caress

It took me a long time to truly wrap my head around options contracts to even get the balls to buy a put option that expired worthless. This guy, from what I can see, decided to sell naked calls within .69 seconds of opening his account.

HOW THE gently caress.

So he would have sold like 20+ calls naked? On a meme stock. And didn't even know you can't trade options outside normal market hours? Man.

Fate Accomplice
Nov 30, 2006





does no one offer something like this where the user chooses the tickers?

drunken officeparty
Aug 23, 2006

ReidRansom
Oct 25, 2004


There needs to be a higher barrier to entry on poo poo like derivatives. Most people have no business getting involved in those markets. Even fundamentally they're of extremely questionable utility, honestly. In securities and commodities markets having all these people participating at least provides liquidity. But all this other stuff, it's even more nakedly gambling. On credit. And there's definitely no good reason some rear end in a top hat who doesn't know his way around that stuff should be able to expose himself to that much financial loss simply because he had the ability to download an app.

Also derivative markets did 2008, so there's that. I really don't see any reason for them to exist aside from rich assholes who should be in line for the guillotines going "b-b-b-b-but are money..."

Not a Children
Oct 9, 2012

Don't need a holster if you never stop shooting.

ReidRansom posted:

There needs to be a higher barrier to entry on poo poo like derivatives. Most people have no business getting involved in those markets. Even fundamentally they're of extremely questionable utility, honestly. In securities and commodities markets having all these people participating at least provides liquidity. But all this other stuff, it's even more nakedly gambling. On credit. And there's definitely no good reason some rear end in a top hat who doesn't know his way around that stuff should be able to expose himself to that much financial loss simply because he had the ability to download an app.

Also derivative markets did 2008, so there's that. I really don't see any reason for them to exist aside from rich assholes who should be in line for the guillotines going "b-b-b-b-but are money..."

There does need to be greater stringency for allowing retail investors to trade options but this won't happen because it's easy money for the casino

Fate Accomplice
Nov 30, 2006




ReidRansom posted:

There needs to be a higher barrier to entry on poo poo like derivatives

I want to see a breakdown of GME money losers in shares vs options.

my hunch devoid of anything but anecdotal reddit browsing suggests shares lost people more money than options.

Baddog
May 12, 2001

ReidRansom posted:

There needs to be a higher barrier to entry on poo poo like derivatives. Most people have no business getting involved in those markets. Even fundamentally they're of extremely questionable utility, honestly. In securities and commodities markets having all these people participating at least provides liquidity. But all this other stuff, it's even more nakedly gambling. On credit. And there's definitely no good reason some rear end in a top hat who doesn't know his way around that stuff should be able to expose himself to that much financial loss simply because he had the ability to download an app.

Also derivative markets did 2008, so there's that. I really don't see any reason for them to exist aside from rich assholes who should be in line for the guillotines going "b-b-b-b-but are money..."

They are actually there to reduce risk, options came from farmers needing to lock in the prices for their next crop. But yah, someone has to be on the other side, taking on that risk. The issue comes when uneducated people are like yah I'll loving buy soybeans at 100 next year, woooo. Or like this guy "I'll sell a shitload of soybeans next year for 100 (without having any idea how to grow soybeans myself)"

He definitely lied about his options experience btw. I went through etrades thing honestly, they still won't give me the ability to sell naked calls.

Space Fish
Oct 14, 2008

The original Big Tuna.


Jalumibnkrayal posted:

NDRA has a liver scanning device in phase 2 or 3 trials I believe. That's why we're in it.

Better yet, it's already approved in China and Europe. Just a matter of time in Los Estados Unidos.

thats not candy
Mar 10, 2010

Hell Gem

lmao

Syrinxx
Mar 28, 2002

Death is whimsical today

help I gained my life savings in weed stocks

Shear Modulus
Jun 9, 2010



ReidRansom posted:

There needs to be a higher barrier to entry on poo poo like derivatives. Most people have no business getting involved in those markets. Even fundamentally they're of extremely questionable utility, honestly. In securities and commodities markets having all these people participating at least provides liquidity. But all this other stuff, it's even more nakedly gambling. On credit. And there's definitely no good reason some rear end in a top hat who doesn't know his way around that stuff should be able to expose himself to that much financial loss simply because he had the ability to download an app.

Also derivative markets did 2008, so there's that. I really don't see any reason for them to exist aside from rich assholes who should be in line for the guillotines going "b-b-b-b-but are money..."

Robinhood's business model is in making risky things like options look less scary than they are. when you sign up you get given a margin account automatically.

the options trading screen looks like this:

people were talking about how the app looks nicer and simpler and more web 4.0 or whatever than other places. that's also to ease people into trading who might otherwise be cautious

The Anime Liker
Aug 8, 2009

by VideoGames
I made $170 selling weed today.

Suck my dick, D.A.R.E. program.

Normy
Jul 1, 2004

Do I Krushchev?


pmchem posted:

I keep telling you guys about my twitter list

I tried looking back in your posts but couldn't find any link to your list. What's your twitter?

drunken officeparty
Aug 23, 2006

Shear Modulus posted:

Robinhood's business model is in making risky things like options look less scary than they are. when you sign up you get given a margin account automatically.

the options trading screen looks like this:

people were talking about how the app looks nicer and simpler and more web 4.0 or whatever than other places. that's also to ease people into trading who might otherwise be cautious

I’ve been plugging along for almost a year now, still have almost no idea what I am doing at all, and yet have not lost more money than I can A) afford to spend on the entertainment or 2)a single penny more than I consciously deposited.

Buying options isn’t the risky part, it’s selling naked.

saintonan
Dec 7, 2009

Fields of glory shine eternal

Normy posted:

I tried looking back in your posts but couldn't find any link to your list. What's your twitter?

https://forums.somethingawful.com/showthread.php?threadid=3259986&userid=160125&perpage=40&pagenumber=33#post511916011

Oscar Wild
Apr 11, 2006

It's good to be a G

Kal Torak posted:

So he would have sold like 20+ calls naked? On a meme stock. And didn't even know you can't trade options outside normal market hours? Man.

What I don't understand is how the brokerage didn't close his positions faster. We made margin calls much faster when inwas working.

Granted, we didn't have GME volatility problems, but one of our main jobs was to maintain awareness of client margin. We'd get fired for something like this.

spencer for hire
Jan 27, 2006

we just want to dance here, someone stole the stage
they call us irresponsible, write us off the page

Shear Modulus posted:

Robinhood's business model is in making risky things like options look less scary than they are. when you sign up you get given a margin account automatically.

the options trading screen looks like this:

people were talking about how the app looks nicer and simpler and more web 4.0 or whatever than other places. that's also to ease people into trading who might otherwise be cautious

It’s pretty gross how little people are talking about the fact that robinhood just gives everyone a margin account. This little “growth hack” causes all of these other problems, including the issue with collateral and T+2 the other week.

I had to pass certain hurdles to get different levels of options cleared with my broker and when I had a bad year they even called me up and asked me if I knew wtf I was doing. If I ended up losing everything they would be able to sleep well and easy knowing they gave me plenty of outs to admit I’m an idiot.

ReidRansom
Oct 25, 2004


Shear Modulus posted:

Robinhood's business model is in making risky things like options look less scary than they are. when you sign up you get given a margin account automatically.

the options trading screen looks like this:

people were talking about how the app looks nicer and simpler and more web 4.0 or whatever than other places. that's also to ease people into trading who might otherwise be cautious

Compare against the brightly colored frog that is E-Trade's



It's trying to warn you away.

numberoneposter
Feb 19, 2014

How much do I cum? The answer might surprise you!

gonna check out CNSX:OWLI tomorrow and might buy some

holding TSXV:QMC (up 49%! :) ) and TSXV:SUPR (down 67% :( )

seems with these resource extraction companies you sometimes gotta sit on em for a looooong time

numberoneposter fucked around with this message at 01:51 on Feb 11, 2021

strange feelings re Daisy
Aug 2, 2000

Robinhood gives users a lot of power to get in trouble just by hitting a big "I AGREE" button. Schwab would make you pass an options exam before selling naked calls, probably with a human being on the phone.

DOPE FIEND KILLA G
Jun 4, 2011

Surprisingly Dope posted:

What's the reasoning there, more rich people from memestocks?

I'll try and keep it short here. Its mostly conjecture, and 'gut feeling' (please note tho: i am a loving idiot). Golf has been losing popularity since 2003, but that decline sort of leveled off around 2018. I think that, while the sport was still in an overall decline, it was beginning to find a new audience. That's partially anecdotal from a lot of friends of mine getting into it the last couple years (I'm pretty young for a goon and definitely not in a high income bracket), but its also based on certain statistics, like the fact that in 2019 golf had its best viewership numbers in the 13-34 demographic since 2009 (also, 2019 was up 75% in this demographic from 2018). I think that there have been a variety of changes over the years in the way golf is broadcasted and marketed that have lead to this shift, (plus Tiger coming back, baby!) and I think within the next decade or so we could have kind of a drastic paradigm shift in who is watching and playing golf.

Plus, golf is one of the few sports that is pretty much pandemic proof. Through 2020 this has shown to lead to another major surge in the sports popularity.

None of this is specific to Callaway per se, but it is a strong brand in and of itself.

Srice
Sep 11, 2011

Robinhood should definitely, at minimum, have like half a dozen warnings that you gotta read and a quiz you gotta take and pass before it lets you sell naked calls. Goddamn.

mischief
Jun 3, 2003

Shear Modulus posted:

Robinhood's business model is in making risky things like options look less scary than they are. when you sign up you get given a margin account automatically.

the options trading screen looks like this:

people were talking about how the app looks nicer and simpler and more web 4.0 or whatever than other places. that's also to ease people into trading who might otherwise be cautious

That's bullshit. Merrill Edge at least had a few days vetting/application process to even get to mess with covered options. I'm still too stupid to even mess with options but at least they weren't encouraging me to play with up and down arrows that can gently caress you that hard. Jesus.

Gaius Marius
Oct 9, 2012

ReidRansom posted:

Compare against the brightly colored frog that is E-Trade's



It's trying to warn you away.

drat that Etrade app is looking a hell of a lot better than last time I logged on, old one looked like an excel sheet from the ninties

Framboise
Sep 21, 2014

To make yourself feel better, you make it so you'll never give in to your forevers and live for always.


Lipstick Apathy
So is SNDL still worth buying right now even though it spiked today, or will it go back down?

thats not candy
Mar 10, 2010

Hell Gem
where are people getting the idea that robinhood lets you sell naked calls

cr0y
Mar 24, 2005



Does robinhood let you write contracts? Because if so that's gonna setup a ton of people for a bad time.

thats not candy
Mar 10, 2010

Hell Gem
robinhood lets you go up to level 3 but not box spreads. they do not allow for naked calls (level 4)

Cacafuego
Jul 22, 2007

strange feelings re Daisy posted:

Robinhood gives users a lot of power to get in trouble just by hitting a big "I AGREE" button. Schwab would make you pass an options exam before selling naked calls, probably with a human being on the phone.

I see the value in letting the average person trade options, you just have to not be an idiot, which is difficult for most people.

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ReidRansom
Oct 25, 2004


Gaius Marius posted:

drat that Etrade app is looking a hell of a lot better than last time I logged on, old one looked like an excel sheet from the ninties

They have a couple of different platforms. Power E-Trade is pretty alright; E-Trade Pro is steaming rear end that looks like the 90s, yeah. Guess some people prefer that, because they still support it.

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