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fart simpson posted:my stonks are already up 0.6% today in anticipation op he already spoke and is doing a boring Q&A now the relevant details are in these links: https://www.federalreserve.gov/monetarypolicy/guide-to-changes-in-statement-on-longer-run-goals-monetary-policy-strategy.htm https://www.federalreserve.gov/newsevents/pressreleases/monetary20200827a.htm https://www.federalreserve.gov/newsevents/speech/powell20200827a.htm tl;dr -- rates stay down, goods and asset prices go up
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Aug 27, 2020 14:41
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Is Jpows' speech why SPY is climbing even more after the huge climb yesterday? e: I'm literally too afraid to sell my $336 SPY calls I got back when SPY was in the high 320's because they just don't stop climbing up in price
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Aug 27, 2020 15:08
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looking pretty muted now but airlines and ANF (don't judge me) pretty green
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Aug 27, 2020 15:14
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SPY was absurd this morning. My puts went from being down 35% at open to being up 40% and I was able to scalp some calls for a few hundred bucks in like 50 seconds. Pretty much recovered from my TSLA mistake at this point. This market is really, really dumb.
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Aug 27, 2020 15:37
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I’m so awestruck at the difference between the realities of the economy and the fairytale of the stock market that I’m just holding what I have and keeping a pile of cash. I’m about to buy real estate with it because at least I can understand that market.
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Aug 27, 2020 15:57
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Major corporationa are driving the stock market more than ever. Mid and small cap is lagging along with private small businesses. Until consequences of the smaller businesses having trouble materialize (if they ever do materialize) the big guys may just keep on dragging everything up.
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Aug 27, 2020 16:00
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Anyone buying and holding tons of Tesla is mentally ill And increasingly rich with no end in sight Who the gently caress knows.
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Aug 27, 2020 16:35
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Lord_Hambrose posted:Anyone buying and holding tons of Tesla is mentally ill And increasingly rich with no end in sight I got curious yesterday and had to look — only seven companies worth more than TSLA in the entire S&P. And then a kicking myself in the face seeing NVDA up there in the top 15 and not being a more interested investor in my early 20s.
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Aug 27, 2020 17:02
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lol whew its over goddamn
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Aug 27, 2020 17:20
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This may be a dumb question, but you gotta learn somehow and I only recently started investing outside of retirement mutual funds. I’ve recently made a few hundred $ in covered calls in my fun money RH account. Currently, I have 100% VTSAX in my vanguard Roth IRA. Would it be possible to sell that, purchase 100% VTI (minus the <$200 that I’m not able to buy a full share with) in the Roth IRA and sell covered calls on every 100 shares? If possible, is there any reason I shouldn’t do that? Would the gains affect the $6,000 max that I can deposit to my Roth IRA for 2020? Disclaimer: any gains are not for withdrawal, but for additional growth in my retirement accounts.
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Aug 27, 2020 17:36
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Woah my vix calls from yesterday up 100%, I am actually bought some SVXY incase BTFD happens but will use 5-10% stop. Any of you lads caught that monster move on BIGC(aka Shopify's lil bro), I sold it on monday after it went slightly over $100, rerolled into option but held too long like a greedy bastard.
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Aug 27, 2020 18:48
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TSLA is the biggest bubble in the last 100 years. It is going to crash.
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Aug 27, 2020 19:34
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NGC773 posted:TSLA is the biggest bubble in the last 100 years. It is going to crash. but when
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Aug 27, 2020 19:35
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Clockwork Sputnik posted:It was pinned around 2k all day - isn't it just shaking off the hype from Friday? I think the rh crew will keep it at 2k at least through the week. ^^^ welp, lol
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Aug 27, 2020 19:36
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GoGoGadgetChris posted:but when Right after you go long on it.
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Aug 27, 2020 19:38
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 This is unsustainable. DGC773 fucked around with this message at 19:44 on Aug 27, 2020 |
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Aug 27, 2020 19:39
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The year is 2120. The United States of Tesla has invaded the Amazonian Republic. Elon Musks reanimated head screams in its jar, for it cannot weep.
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Aug 27, 2020 20:02
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You guys are over reacting there is obviously nothing wrong with Tesla I mean think about it... I... uhh... Oh gently caress.
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Aug 27, 2020 20:07
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NGC773 posted:TSLA is the biggest bubble in the last 100 years. It is going to crash. Stocks only go up
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Aug 27, 2020 20:16
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SPY is going to end up closing pretty much where it opened, I guess the market didn't give a poo poo about Powell's speech?
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Aug 27, 2020 20:58
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Its substance was widely reported on in advance. So he could really only have moved the markets if he’d said something different.
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Aug 27, 2020 21:33
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I bought into Tesla at 1500 this run up has annoyed me mostly because it’s gotten in the way of me buying more
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Aug 27, 2020 23:31
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Squalid posted:I bought into Tesla at 1500 this run up has annoyed me mostly because it’s gotten in the way of me buying more I bought Tesla at 450 and sold at 500, thinking I'd scalped a beauty just before the end of time. Kind of wish end of time had come around.
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Aug 27, 2020 23:38
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Ola posted:I bought Tesla at 450 and sold at 500, thinking I'd scalped a beauty just before the end of time. Kind of wish end of time had come around. I bought at $40 and sold at $165.  it was the right decision at the time
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Aug 27, 2020 23:40
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Tyro posted:I bought at $40 and sold at $165. If you needed the cash, then it was the right decision. Otherwise it wasn't. There is no "right decision" other than in retrospect IMO. There's just risk and the size of the bet.
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Aug 27, 2020 23:47
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If only I bought those tulips in November 1636 and sold in January 1637.
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Aug 27, 2020 23:51
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Jenkl posted:If only I bought those tulips in November 1636 and sold in January 1637. It is basically this, but it's so hard to shake the feeling that you could have done better and that it should have been obvious at the time.
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Aug 27, 2020 23:55
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Ola posted:If you needed the cash, then it was the right decision. Otherwise it wasn't. There is no "right decision" other than in retrospect IMO. There's just risk and the size of the bet. Yep I was between jobs and needed the cash. It is what it is.
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Aug 27, 2020 23:55
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The next time I decide to not buy some popular stock because they don't have any earnings I am going to just start my money on fire instead and move into a barrel.
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Aug 28, 2020 00:18
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You see a lot of amateur trader/investors on the web with this mindset that there is a "right" or "rational" way to play the market, if only people would just ignore those pesky emotions. Like if you double your money and cash out half the investment to preserve your initial principal and play with just house money, you're being stupid by limiting your potential upside. But nobody gets the timing right anyway in the best of situations. No sense dwelling on it.
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Aug 28, 2020 00:29
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It's the same argument that amateur gamblers make. Emotions bad. Emotion only thing holding Thag back! Thag be successful if no emotion! Turns out there's more to the game.
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Aug 28, 2020 00:44
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I use the same trading strategy as family planning. Put it in, wait for a little and hope I pull out too early rather than too late.
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Aug 28, 2020 00:51
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Tyro did make the right decision, don't bet more than you can afford to lose. That being said, TINA to stocks. Just buy.Oscar Wild posted:I use the same trading strategy as family planning. Put it in, wait for a little and hope I pull out too early rather than too late. Me too. Blow a tiny load, pray the losses are equally small.
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Aug 28, 2020 01:05
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Was just watching some Bloomberg TV on streaming, and they had an interview with the CEO of Xpeng, which just IPO’d. It’s a Chinese EV company whose name even uses nearly the same font as Tesla. Tesla gonna get turbofucked by having its IP stolen by China, RIP
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Aug 28, 2020 01:34
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pmchem posted:Was just watching some Bloomberg TV on streaming, and they had an interview with the CEO of Xpeng, which just IPO’d. This is good for
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Aug 28, 2020 01:38
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pmchem posted:Was just watching some Bloomberg TV on streaming, and they had an interview with the CEO of Xpeng, which just IPO’d. The font isn't IP. They are serious ripoffs though, layout, dash, everything. I'm not sure it matters, unless they can somehow rip off the charging network.
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Aug 28, 2020 01:39
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Ola posted:The font isn't IP. They are serious ripoffs though, layout, dash, everything. I'm not sure it matters, unless they can somehow rip off the charging network. Did you really think I was referring to font choice as a threat to Tesla’s IP and business
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Aug 28, 2020 01:47
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pmchem posted:Did you really think I was referring to font choice as a threat to Tesla’s IP and business Yes, really. I may have been wrong. Let's hear your other arguments as to why they are.
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Aug 28, 2020 01:53
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Thinking about carvana, yeah it's already up 800% since the 'rona crash but I think they're likely to end up destroying the entire existing used car industry because 1: Every dealership experience is so poo poo that it's worth paying a premium to avoid entirely 2: There are a finite number of used cars at auction that aren't hot garbage and if they scale enough to buy most or all of them they not only burnish their own reputation for quality but actively make their competitors' product worse 3: Automation/heavy streamlining of wash/photograph/list processes 4: No need for high value commercial real estate shame on an IGA fucked around with this message at 02:10 on Aug 28, 2020 |
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Aug 28, 2020 02:08
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shame on an IGA posted:Thinking about carvana, yeah it's already up 800% since the 'rona crash but I think they're likely to end up destroying the entire existing used car industry because I want to believe, because gently caress the used car dealers. Anecdotally I haven't heard anyone have a bad experience with them... People will pay a little more for the convenience and being able to return it no hassle, not feeling like they are getting ripped off completely.
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Aug 28, 2020 02:19
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