Goddamn market is gonna close and I'm still screening shit.
Leo Edwards
Remember when /smg/ was our little baby and we had to artificially bump it to keep it in the catalogue. Some cryptofags attacked us daily and made fun of our thread. I'm proud of our child. Special thanks to the one user who was pulling the strings and kept/keeps it alive for so long. Thank you. If you're new here, give back to /smg/ and make one well researched post this month.
Nobody has enough information to make an informed decision on which direction the market will go. Not the autismo PHD quants, not the MMs, not the government and certainly us on a Kyrgyzstani tobasco sauce review board.
Any movement in the market now is pure speculation and even the most hedged and risk averse play today 5/8/2020 is still gambling.
90% cash, 5% cunny, 5% gambling is the patrician course of action.
Mark my words, we will sell off all gains today and end up slightly below 0%...then after market we will randomly gain value again. And early Monday skyrocket of futures again.
Big boys dumping on idiots retail investors....SPY is relative flat for days now.
Go ahead and buy in so I can make this money on these puts
Nathaniel Ross
Bros I'm getting fucked even though everything is green. The problem is that my local currency SEK is rising against the dollar and hence my stocks are losing value when converted back to my currency. FUCK
i fucking hate friday every friday is the same minimal movement followed by a massive sell off right before the closing bell then it's back to waiting for monday hoping that nothing retarded happens over the weekend so i panic about what's gonna happen in the markets monday morning this is no way to live i want out
>Nobody has enough information to make an informed decision on which direction the market will go I agree with you for the case of the daily/weekly directions in the short/mid term
I don't think that 90% cash makes sense here, I think you're drawing the incorrect conclusion from realistic but incomplete premises
nothing wrong with patience not a damn thing wrong with that, it's especially smart to be watching and not playing. much better than the people generating more trades than ideas.
Stop being emotionally attached to your trading money
Aaron Sanchez
Is there a single reason on this planet, on this entire planet, that going all in on SOXL could ever be a bad decision barring a complete collapse of the global economy that put us back in the stone age?
This means that the USD is losing value you retard
Jack Ross
yeah we can crab up and down every week/month for the next five years
Grayson Baker
>Semis dump, losses compound and ETF reverse splits on you 27 times until your investment is worthless. Nothing personal, kid.
Landon Lopez
Only thing even remotely plausible is volatility decay but long term the growth of semiconductors will completely cuck the little bit of rebalancing losses. I can't think of anything I'd rather be all in on for the next decade or two
Thomas Bailey
that's a good thing, though.
Cameron Scott
yeah why do you think all our stocks keep going up lol
Tyler Reed
>He doesn' hedge against currency fluctuations Cmon dude
Liam Turner
this. you literally can't fight the fed. no place else to put your money. market is mooning lads.
yeah if it loses value i get more of them. If we lose enough value we could all be millionaires
Alexander Rivera
USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA
Matthew Russell
>us has a ton of debt held by other countries >us needs to export more neat
Cameron Stewart
And is it typically MLPs that give distributions rather than dividends? I'm doing some googling to see the pros/cons of giving divvies rather than distributions
Nathaniel Sanders
play jewish games win jewish prizes
Samuel Evans
I bought it in the 70s breh, just because it hasn't happened doesn't mean that it can't happen.
Jaxson Hall
USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA USA
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Jackson Baker
Hello frens. SOXL is the answer. Face it. Semiconductors are crack in all but name. The desire for newer, faster, more is insatiable. Computers, GPUs, self-driving electric cars, AI enhanced smartphones, medical devices, microcontrollers, networking gear, machine learning, surveillance, infrastructure, military, the list is endless. No matter how many cores, how fast or efficient, demand requires bigger, faster, cheaper, better. The clamor for fresh silicon gives nary shit for national identity, creed, hue, gender or other vain conceit; the multitude speaks in singular. The plea: semiconductor. SOXL couples a single ETF entry point with the the best companies the space has to offer then pushes these already stellar returns to the limit with 3x leverage. With SOXL your economic interests are aligned with hardware powerhouses TSM, Nvidia, Qualcomm, Intel, Broadcom, AMD, Micron, Texas Instruments, Applied Materials, et al. Real tech companies with innovative products people want, not """tech""" """companies""" pushing shitty ads. And like all leveraged ETFs, SOXL is rebalanced daily, deftly mitigating margin risks. In the last 7 years, barring the coronavirus interruption, SOXL has exploded over 55x yet still we are early. Semiconductor growth will proceed exponentially until every viable space is saturated with it. This is a fait accompli; the sheer number of interested parties and compelling outcomes make it so. The injection of increasingly compact and efficient sensors, microcontrollers, information processing and storage into everywhere and everything will be this era's seminal revolution, a revolution with SOXL holders planted firmly at the receiving end. Stop waiting for more "pullback". The crash was a gift and fretting over the exact bottom is meaningless. Deliberation is over; waiting.. is a failure mode. Now. Buy it now.
I have slowly come to the terrible revelation that none of you know what the fuck you are doing.
I have a Master's in Accountancy with a minor in Finance. I work for a fortune 100 as a corporate accountant with a CMA and CPA. I used to have some faith in user. None of you know how to actually value a company. You have no fucking clue how taxes work.
You can't read financial statements. For fuck's sake you think TA works and the entire field of decision science churns out dissertations every other day highlighting their absolute dismay at the fact that brainlets ever consider using it. You have no idea what Dunning-Kruger is. You don't know what survivorship bias is. You are too fucking uneducated and stupid to comprehend how fucked you are.
Idk why I'm even posting this, fucking good luck kids.
Here's something I wrote a while back so the numbers have changed somewhat but the point still stands. SSO right now is above SPY since 2007 even with this latest epic dump. SSO (DBPG for euroanons) is a 2x leveraged ETF based on the S&P 500 and it is one of the few leveraged ETFs that existed before the Great Financial Crisis of 2008. Had you bought SSO (DBPG) at the literal top of the market before the recession in October 2007, as of this moment, you would have gains of 176%. Had you bought the underlying SPY on the same day you would have gains of 98%. So had you bought the leveraged ETF, even at the worst possible time, you still would have ended up with almost double the gains. Remember this the next time somebody throws shade on leveraged ETFs because of volatility decay. Buy the index based leveraged ETFs and win. Simple as that. And start buying now. Coronavirus could be as bad as the GFC and if you start buying in now with a little money and buy in more later as the prices drop you will still come out much better in the long run than buying SPY or worse doing nothing at all. I'm buying and I'll be here when this thing is over to brag about my gains. Do not be afraid. We will get through this and this is your opportunity. Join me and get rich. >nb4 >we
Can verify. Didn't know this when I started trading SPXU. Now I know it's an in and out game.
Jonathan Taylor
always, Always, ALWAYS do the exact opposite of whatever Zig Forums is doing
Lucas Peterson
kek I have a pair of those Blades glasses sitting on my desk. The novelty wore off after 5 minutes but I can see how they could be useful in an industrial setting
William Barnes
>miss the dump >miss the pump So you broke even.
Justin Perez
Your math is extremely wrong on that. You don’t get compounding do you, zoomzoom? Yikes.
Nathaniel Hughes
wait a minute did you create a paradox you little shit
Connor Miller
been pompin 2 days now on news their headsets are used by doctors (true heroes) for telemed. this has legs. it's still not stopping. i sold early but have small pozition left.
To further elaborate. As long as you hold onto the shares, only a small portion of the payout is taxable. So, it's a great buy and hold forever investment
>Your math is extremely wrong on that. You don’t get compounding do you, zoomzoom? Yikes. Look at the chart again or just pull it up yourself. What's there to not understand? If you'd bought SSO at the top before the GFC you could have gone through the GFC and the coronavirus dump last month and today you'd still have more money than you would have had you bought SPY instead. Simple as it is. That's the problem with you shitters you have reality right in your face and you close your eyes to it. You are ignorant and arrogant about it
no matter what he chose someone would tell him it was shit
Parker Jenkins
See More to the point is compare that entry point versus a month or 3 months later into the recovery phase. You incur substantially more risk during periods of high volatility for slim gains. I am swapping everything to SOXL and SPXL but only once the VIX stays dead. At current pace (which who knows), my entry point will likely be June or July.
Alexander Nelson
bro i heard theres these things called tankers that have more volatility than shitcoins buy 500 shares of NAT and you'll be set for life
of fuck please bobo I have faith in you tank this shit
Kayden Jackson
Are you guys unironically retarded? The chart takes all fees, volatility decay, compounding, etc. into account. The price on the chart is the final answer. You'd have more with SSO than you would with SPY. Period. Do yourselves a favor and step back then think about this for a minute. It's not fun arguing with shit for brains like you guys it's like trying to convince somebody the earth goes around the sun when they refuse to believe it. Just read the damn charts
