Greedy kike bulls get slaughtered. Shame on you for pumping a Jewish scam market
Christian Cook
should I sell 150 stocks of $ibio, idex, and ktov or wait to see if they ever get me out of the red. only losing about 70 bucks of my investment rn so I wouldnt mind selling and putting that money into my etf. new to trading so dont call me retarded
Adam Butler
Last chance to buy KTOV under .85 cents Last chance to buy KTOV under .85 cents Last chance to buy KTOV under .85 cents Last chance to buy KTOV under .85 cents Last chance to buy KTOV under .85 cents
Got in clean this morning at 3.13, feeling super comfy, it actually completely offset my losses in WKHS, that im still holding (beacuse bears cant scare me)
please, shake would have bought his wkhs at 22 and sold at 18.
>"No you dont understand frylock! the market is sultry mistriss, and i am her master. now, in order to make some serious cheddar, im gonna need a couple hundred bucks. I already spent Carl's money
Aiden Nguyen
Wait whats it doing its just hanging out why should I buy it?
Xavier Miller
>bought nio, solo, and wkhs for 3rd time
>put 4 times as much on wkhs.
Well fuck. Oh well.
Aaron Carter
i'll be right back SOXL! just needed some cash to make some WKHS put dollars off da bears
FNGU was created then went through the 2018 crash and then the worst crash since 2008 and already back to ATH it is a beast but because it's so new TQQQ looks better, it will outperform in the long run
TQQQ is touch ATH, SOXL is 50% below ATH, FNGU is ripping higher
FNGU crushes all competition and is similar to bitcoin in 2014, annual return will be around 70% as the large tech firms begin to consume the whole economy
>small caps slowly bleeding out again Reminder that only large and mega map tech stocks fucking matter
Ayden Bell
Correct see
Ayden Garcia
They all had paper hands and sold. Never heard so much AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA every day a stock wasn't up 20%
Asher Walker
you just lost everything
Christian Brooks
>AMD >MSFT >NVDA Shill me for/against these. All I've been doing is reading on them, while the latter two just keep reaching ATH. At this point will it matter in 2-3 years time if I bought MSFT at a $195 hypothetical dip or $210 ATH?
Jordan Gray
FSLR FSLR FSLR
Cooper Lopez
Horse bros we getting an after lunch pump today?
Cooper Barnes
I’ve made more money today than I have in the past 4 months holding XOM
Jordan Garcia
I hope they didn’t trick too many newfigs
Tyler Reed
we're on twitch watching the order book and generally not freaking out at all because we can clearly see what's going on mostly ignoring /smg/
Aaron Bell
LOWER WKHS GO LOWER I'LL BUY AT 18 THIS TIME, I SWEAR
Hunter Harris
FNGU is a ETF that is a 3x leveraged version of the popular FANG stocks. It includes Tesla, Amazon, Google, Facebook, Netflix, as well as others, all equal weighted. The compounding effect of the 3x leverage is why it’s superior. Given that I anticipate FANG stocks to post annual returns in excess of 20% a year for many decades to come, this works out 1.23, or roughly a 73% annual compounded return. But Bitcoin was up 1000% in 2017. Yes, but Bitcoin was down in a lot in 2014, 2015, and 2018, and also Bitcoin has much more volatility. A 73% yearly return compounded over 4 years is an 800% return, roughly the same return as Bitcoin between Nov. 2013 ($1,000) and now ($9,700) but with much less volatility. Instead of the returns being compressed to a single year (2017), they are spread out among four. Pre-2014 Bitcoin returns can be treated as a one-off anomaly and will not be repeated, simply because it would imply Bitcoin is 100x bigger than the combined wealth of the global economy, which is a nonsensical assumption.
To understand why 3x ETFs are so effective, consider ‘Bob’ has a $10k trading account and uses 200% margin, giving him access to $30,000 of total trading capital. He then buys the FANG stocks, which go up 20% a year for 5 years. This is a 1.2^5 ~ 150% return, giving him 30,000∗1.2^5 ~ $74,600. After subtracting the $20,000 loan, Bob is left with $54,600, or a return of capital of about 446%. However, but ‘Tom’ buys FNGU instead. After 5 years he has [10,000∗(1.23)^5] ~ $154,000, a 15.4x return, which is 3x as much a Bob. That is the power of 3x compounding
If that happens I'll make it to $1k. I started with $100 and if i can do that in 3 months then I'll be able to turn $1k into $10k in six months. I can do this bros, I'm poor now, but I can make it.
Aiden Kelly
Probably. If not today then AH or tomorrow. Wouldn’t worry about it.
Benjamin Hill
I got back in today actually. Was expecting the dip all weekend and I timed it okay. Just nothing to really talk about, it's a patience pays stock now
Nolan Garcia
Which channel? Are newfags even welcome?
Angel Flores
you wish, put holder
Levi Wright
where are all "horse" fanatics now? smg seem very quiet the first day that stock is down :P
anyways, nasdaq is still climbing vertical. good profit taking spot perhaps there is a risk if big nasdaq dogs start to sell off they take again whole market down the toilet with them
>where are all "horse" fanatics now? still here, Still believe in 25+ by EOW But I just want it to go lower
Luke Rogers
There are two smgs also
Joseph Thomas
I’m a horse fanatic ama
Juan Green
you should be able to find us
Dylan Morgan
But it gets worse for Bob. That $20,000 he borrowed is not free. He pays a 5% interest on it, because he’s borrowing at an unfavorable rate from his broker. So that is $1,000/year for five years, or $5,000. FNGU, being that it’s backed by a major financial institution, pays for its leverage at a much more favorable rate around ~2%/year. For a 3x ETF, this means 4% is lost annually due to borrowing fees. Another 1%/year is lost due to management fees. Due to borrowing costs, it’s evident that levered strategies don’t do as well in high interest rate environments, which is a risk. This brings Tom’s return to $120,000 and Bob’s to $50,000, so Tom is still well ahead but not as much.
Bob also faces liquidation risk (margin call) if his stocks fall too much (about 33%), but Tom does not have that risk. The worst that can happen is FNGU asymptotically approaches zero. This means FNGU effectively has a built-in put option.
There is the issue of volatility decay, but in uptrends and for indexes (as opposed to commodities) it’s not as bad as it seems. When calculating volatility decay, one must used realized volatility, not vix volatility. The former is often a lot less.
Now obviously there is risk due to the 3x leverage. In 2008, a hypothetical version of this fund lost 80% of its value. If there is a bear market this fund will fall a lot, no question, but I don’t think there will be a bear market for a long time. But Bitcoin as of now is down 64% from it’s high of 20,000. A hypothetical backtest of FNGU has been shown to produce equal returns as Bitcoin but with less volatility. If given a choice between these two speculative and volatile investments, FNGU is superior.
Hey don't get me wrong I got 25 shares of solo nothing much, but the real money I've made is all HLX, FANG and MFA. Why not invest in stocks like these?
Gabriel Taylor
i've been slowly accumulating FNGD for the collapse :)
ah fuck you guys. I bought in TSM today, probably the literal top for the coming couple months, but i don't give a shit because this thing will probably be $90 by next year
Samuel Diaz
i'm up 5% on the puts i sold to the WKHS bears
Gavin Rogers
Wheres the LCI fag? Just dipped sub 7 which means if will be 8 next month by all accounts
What the fuck is up with the bobos, I'm green today.
Jordan Gray
It is rebalanced every quarter to 10%
Asher Rivera
Wew boy I envy you. You gon be rich eoy I could turn that into my house downpayment. How did you get in so early? Like what made you believe in it enough that long ago that youd poomp 2k into it
