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RCarr posted:Yea it’s all the paranoid people burying gold and silver in their backyard so they can be the Mad Max overlord. BigPaddy posted:Because you can eat gold and silver right? I was going to point this out. 
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Jul 7, 2021 22:23
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You can of course. Should you? Now there's the question
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Jul 7, 2021 22:24
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$GOON up 2% today boys who wants a ride on my yacht
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Jul 7, 2021 22:26
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cr0y posted:In other news wtf is driving everyone to be out of silver and gold coins? As a family tradition I always gift coins to my nieces and like....everyone is out of stock? Did everyone buy up all the coins pre-covid assuming a total economic meltdown? Gold is a classic inflation hedge, between that and probable supply chain issues I'm not surprised they're scarce.
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Jul 7, 2021 22:28
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Thank you AAPL for coming back to life.
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Jul 7, 2021 22:41
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There is a silver shortage. The mint has had to delay several highly anticipated new coins because they can't get enough. Not sure what is driving it exactly but gold/silver bugs is always a good bet.
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Jul 7, 2021 23:54
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Are we tracking Goon stock recommendations by chance? Given that we've got a good day trading community, it'd be fun to track our wins/losses?
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Jul 8, 2021 00:04
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Crosby B. Alfred posted:Are we tracking Goon stock recommendations by chance? Given that we've got a good day trading community, it'd be fun to track our wins/losses? 
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Jul 8, 2021 00:08
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How do you guys manage the quarterly estimated tax payments to the IRS? I just realized I am probably in for an rear end-loving because I am way in the green so far in 2021 and haven't done poo poo with the IRS yet (but am basically setting 30% aside to square up at the end of the year). I am getting totally conflicting information as to whether or not I need to do this quarterly poo poo or just cut a fat check to uncle sam in April of 2022 for my fat-meme-gainzz from 2021. If it matters I am not *technically* considered a day trader via FINRA rules and have a day job that is my main source of income.
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Jul 8, 2021 00:39
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cr0y posted:a day trader via FINRA rules and have a day job that is my main source of income. How much capital do you need to day trade as your main source of income
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Jul 8, 2021 00:43
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Hadlock posted:How much capital do you need to day trade as your main source of income I said *not* a day trader according to FINRA, and am not sure what you mean? I made low 5 figures in 2021 so far (thanks memes!) And my day job salary is about 5x what I made trading the memes that we all know and love. Right now I am mostly cash and am trying to figure out if I need to act and pay the IRS asap or just sock it away and wait until I file in April
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Jul 8, 2021 00:51
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cr0y posted:How do you guys manage the quarterly estimated tax payments to the IRS? I just realized I am probably in for an rear end-loving because I am way in the green so far in 2021 and haven't done poo poo with the IRS yet (but am basically setting 30% aside to square up at the end of the year). I am getting totally conflicting information as to whether or not I need to do this quarterly poo poo or just cut a fat check to uncle sam in April of 2022 for my fat-meme-gainzz from 2021. Are you paying the same amount of taxes from your day job withholdings as your total taxes paid in 2020? 110% if you make over $150K? If so you likely are exempt from having to file quarterly this year. https://www.irs.gov/newsroom/the-basics-of-estimated-taxes-for-individuals So if your total fed tax bill in 2020 was $20K, and you are going to end up having >$20K withheld this year because you made a little more working you should be fine. But you then have to pay close attention in 2022 because if you owe taxes at the end of this year because of gains that is the baseline you need to target for withholding (or pay quarterly if you have gains next year too).
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Jul 8, 2021 00:53
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cr0y posted:I said *not* a day trader according to FINRA, and am not sure what you mean? I'm not a tax auditor (probably) I'm just generally curious what the magic day trader number is. Obviously it's somewhere above $25,000
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Jul 8, 2021 00:56
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Arzakon posted:Are you paying the same amount of taxes from your day job withholdings as your total taxes paid in 2020? 110% if you make over $150K? If so you likely are exempt from having to file quarterly this year. My yearly salary from my day job hasn't changed in several years (with the exception of small yearly raises and bonuses but it's pretty flat). Basically my ballpark math is: Day job paid the IRS about 35k last year and will be similar this year. I figure I owe about 8k on cap gains so far in 2021 according to my eTrade reporting. I did very little trading in 2020 and paid the IRS out of what would have been my return when I filed last April.
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Jul 8, 2021 00:58
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I usually pay estimated quarterly on my trading by looking at my balance and coming up with a % I expect to gain based on past performance, work out the tax on that amount and divide by four. If after Q1 I am ahead or behind I adjust the next estimates payments. Of course under payment penalties are bullshit and just a government grift for take more money from those who haven’t read the necronomicon that is the US tax code.
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Jul 8, 2021 01:00
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Crosby B. Alfred posted:Are we tracking Goon stock recommendations by chance? Given that we've got a good day trading community, it'd be fun to track our wins/losses? thanks for coming to my ted finance talk
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Jul 8, 2021 01:00
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Thanks thread for recommending thinkorswim, this desktop app is incredible.
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Jul 8, 2021 01:01
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Syrinxx posted:l The cruise industry stocks have been crushed. They are coming up on earnings season so bought some put calendars to balance my portfolio a bit to the downside and it worked out. Of course that is tempered by I went to call calendars for the airline stocks which are doing earnings around the same time and 
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Jul 8, 2021 01:07
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cr0y posted:Basically my ballpark math is: Did you owe or get a refund at the end of the year in 2020? Your final 2020 federal income tax number is what matters when comparing to your 2021 withholding to see if you owe. I imagine you are >$150K with that tax bill, which means if your withholding stayed the same you are going to be under 110% of last years total tax and could owe a penalty unless you drop a check to the IRS. (also blah blah blah Im just a dude on the internet who read the irs guidance not a tax lawyer)
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Jul 8, 2021 01:10
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Arzakon posted:Did you owe or get a refund at the end of the year in 2020? Your final 2020 federal income tax number is what matters when comparing to your 2021 withholding to see if you owe. I got a paltry refund. My withholding is almost on the dot every year but I usually get like a grand back. All my income in 2021 will be under 150k if I had to guesstimate. Christ US tax law is a load of nonsense.
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Jul 8, 2021 01:14
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cr0y posted:I got a paltry refund. My withholding is almost on the dot every year but I usually get like a grand back. All my income in 2021 will be under 150k if I had to guesstimate. Yes, it is. Last time I was in that situation I adjusted my withholdings to avoid the headache, but I very much get why you try to make it as tight as possible. drat gummit should cut the rate if they want my money in advance.
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Jul 8, 2021 01:29
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Goddamnit now I need to find a CPA
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Jul 8, 2021 01:35
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Syrinxx posted:thanks for coming to my ted finance talk I'm in the same boat with CUK. It's basically CCL but it has a funny name. I was expecting cruises to come back by now (or at least the stocks) but with Delta variant and Europe's slow roll out, not sure how long it will take. Or if it will even affect the stock at all.
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Jul 8, 2021 02:02
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dipwood posted:I'm in the same boat with CUK. It's basically CCL but it has a funny name. I was expecting cruises to come back by now (or at least the stocks) but with Delta variant and Europe's slow roll out, not sure how long it will take. 
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Jul 8, 2021 02:07
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i can buy GAYMF for 69 cents? 🤔
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Jul 8, 2021 02:12
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69 GAYMF A sign from God!
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Jul 8, 2021 02:17
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Speaking of signs, with the sudden rise in price for $GOON my paltry amount of shares now looks like this:
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Jul 8, 2021 02:31
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Tomorrow...NDRA.....be there!
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Jul 8, 2021 03:09
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A HORNY SWEARENGEN posted:69 GAYMF Ive been putting all this work into becoming a big boy trader who reads charts and poo poo. Now this happens? Absolutely not fair.
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Jul 8, 2021 03:14
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DapperDraculaDeer posted:Ive been putting all this work into becoming a big boy trader who reads charts and poo poo. Now this happens? Absolutely not fair. I yeeted my fun bucks into weed, BBW, and AMC and bought a top of the line TV. I read thoughtful analysis and lost my rear end, dick, and balls on AHT. The lesson learned here is I should only gamble when blackout drunk or completely exhausted after being awake for 3 days and the deciding factor is "lol" Or I should get rich so I can do calls.
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Jul 8, 2021 03:18
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A HORNY SWEARENGEN posted:
hmmm
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Jul 8, 2021 03:29
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Surprisingly Dope posted:Tomorrow...NDRA.....be there! Be there at 1.95!
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Jul 8, 2021 03:36
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Going balls deep into $GAYMF tomorrow.
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Jul 8, 2021 04:17
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cr0y posted:Going balls deep into $GAYMF tomorrow. 
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Jul 8, 2021 04:22
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youve gone and done it now
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Jul 8, 2021 05:48
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A HORNY SWEARENGEN posted:Or I should get rich so I can do calls. You don't gotta be rich, just wildly enthusiastic and right. SPX 5000C Oct 29 21 gonna print.
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Jul 8, 2021 06:31
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Frequent Handies posted:You don't gotta be rich, just wildly enthusiastic and right. SPX 5000C Oct 29 21 gonna print. The thing is, I have $1600 in goofball money. I'm an EMT. They don't pay us poo poo. If I'm wrong on a call/put bet I'm go-to-prison wrong. I'm playing the nickel slots until I can get a seat at that baccarat table.
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Jul 8, 2021 06:45
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On an absolute degenerate whim I loaded up on 7/21 SPY 433p's before close yesterday.
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Jul 8, 2021 11:11
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 today’s gonna be savage
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Jul 8, 2021 12:41
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Gonna have a good lol when the job report is unexpectedly terrible and everything shoots into the green.
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Jul 8, 2021 12:45
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