/hob/ - Hobbies

>>46846
Could you please explain for somebody clueless what the tables and charts on that image tell you, and whether all of that info is useful or equivalent to kitchen sink system monitors on leet desktop screenshots?

>>46850
Kinda makes me feel like I'm playing EVE online or something. Honestly I only know what 25% of all the shit means. Long bottom graph shows price of stock over time (right now its on AMD), To the right of that is the box you look at to fill out orders and can be done in either max dollar amount, or quantities. You can also set a limit for how much you're willing to pay for a stock if you think it'll drop to a certain amount in a day. It'll wait to drop the that amount before filling out the order. In my summary table the Open Qty is how many shares I have, Avg price is avg market price, Price is current price, Mkt Value is how much all my shares in that stock are worth, Open P&L Is Open profit and loss which is how much I gained or lost over the stock purchase. You can see near the bottom that AAPL (Apple) is doing the second worst in my portfolio while AMD is doing The best. I'm investing in AMD, Companies that specialize in mining Nickel and Lithium (Electric cars becomming popular), and Marijuana companies now that it recently became legal in Canada. Honestly It's kinda fun. Researching things that I already have an interest in and seeing how they may effect the price of stocks in the related field. For instance after news that Nvidia was now enabling "G-Sync" on "Freesync" monitors, their stock went up.

I have no idea how the P&L Calculator works.

My main annoyance is theres no easy way to see what price you bought a stock for. The website just says to check your statement.

If I do buy some stocks in real life it probably wouldn't be as frequently as this but more as a long term investment and in much smaller scale. Idk if I'd go with questrade as either but it is tempting.

>>46846
I am also interested in stocks and I have a couple of questions:

1) Do you think you can invest in stocks with a couple of hundrends and make a positive profit? If you think so then maybe I am investing in stocks too. I am only asking because you also have to pay taxes and the depot is also not for free.

2)And what is your strategey? Are you going for single stocks with the chance to win a lot but also with the risk to lose a lot or are you also considering indices, ETFs and such things?

what is the software you use?
how does it work?

>>46854
I think you can make a positive profit, but it won't be substantial unless you get super lucky somehow. For me it's more about mitigating inflation and allowing more growth than in standard savings accounts. Unless you have thousands to start with I wouldn't even think about "day trading" since Buying and selling stocks all come with a fee attached as well. I'm in Canada and at the very least we have something called a TFSA (Tax Free Savings Account) which can hold various investments up to a certain maximum amount. Any gains or earnings generated from this account is not taxable. Alternatively I know it's possible to buy stocks directly from some companies like Disney. I don't have tons of cash either (I signed up with a TFSA trading account through questrade but they have a minimum of 1000 before you can start trading, I'll need to accumulate this over the next couple months by saving). So yeah, I'm looking at long term investment.

2. My current strategy is to invest in companies I think are cool and that have products I like such as Disney (I really like Disney movies), AMD, NVIDIA, etc. And then things I think might be profitable in the future (Nickel and Lithum), or Weed. I might look into ETFS as well since there are no fees to buy ETFS and instead of investing in say one weed companies, there are some good ETFS that hold many weed companies in case one fails.

Right now im mostly enamored by getting to buy parts of companies that have been such a big part of my life. As far as day trading goes, it'd be cool. But let look at my AMD stocks. I bought them at 17.9752 a share. If you had 500 dollars you could buy 26 shares (not 27 because you have to pay fees). Now those 26 shares are worth 22.35, so I could sell those shares for 555.10 making a 555.10 profit. But theeenn you have to pay taxes on that, depending on your normal income could be pretty high. so yeah. Not worth all that shit to me, I'm thinking long term investments.

>>46859
I mean 55.10 profit. whoops.

>>46856
This specific program is Questrade IQ Edge. You can "play" on it for free by making a practice account using all fake info if you want. you do need a throw away e-mail at least to receive the login credentials.

>>46859
Long term investment is the best you can do. I have one more question. When you say you would buy metals like Nickel or Lithium do you buy the metal per se or do you buy an index-certificate that imitates the course of the metal?

One thing that might interest you are "superconductors". Maybe these superconductors are important in future as well. Superconductors are metals that work like semiconductors when you cool them.

List of superconductor metals:
Wolfram
Gallium
Aluminium
Mercury
Tantal
Lead
Niob

>>46864
For practical reasons superconductors are still far from being relevant in anything exept the lab. Also nearly all those materials are pretty common and have more valuable "normal" uses.
That said, I haven't been paying attention to the market so I don't know if their prices are good to buy in right now or not. Just something of a pop-science nerd who has been paying attention to tech in development or close to production.

>>46864
I just got into Lithium and and Nickel due to the fact that they're used in electric cars and those are becoming popular. I also believe that these precious metals and the amount required to make the batteries in electric vehicle is unsustainable. Like if we were to replace all cars on the road now with electric, there just wouldn't be enough Nickel and Lithium. Because of that I believe in the future there will be a shortage and the prices will go up. Historically investing in precious resources that have use are a safe bet, even during market crashes the metals have bounced back unlike some companies that go bankrupt leaving you with worthless stock.

Right now I am investing in companies that specialize in Nickel and Lithium. Supposedly you can invest directly into the metal itself on the London "futures" exchange but I'll need to do more research as I'm focused on North America. It's pretty interesting. There is a lot to learn but you don't have to get super complicated if you don't want to. I think investment bankers and day traders try to make it seem harder then it is to scare people from trying, and to make it seem like they have substantial jobs worthy of praise.

>>46866
You might have a point with lithium but nickel is pretty plentiful and can meet projected demand well into the future. It also is easier to recycle compared to lithium.

>>46868
That's great info, thank you.

i learned how to trade well, even i read 4 volumes books about it, but then i saw making trades made dream about things which i cant obtain right now, for ex. cures my OCD and give me perfect body with commun techonology, so i give up.Also my OCD hold me back.Maybe i try again if i fix my issues

day trading a lot,just like gambling but better

>>46877
Yeah, and to get any real profit you need thousands to start. Warren Buffet started with 10,000 which I think is unrealistic for most of us on the board. Stocks as a long term investment seem more realistic and it is fun to research the companies and take ownership in them.

Too bad we can't all be like Warren Buffet and come from originally stable families (his dad owned a grocery store and his grandpa owned a brokerage firm).

>>46884

Even starting with 10.000 means a long, long journey towards any actual riches.

Assuming you'll make 10% profit every year on average, which is quite an optimistic assumption, it'll take 49 years to turn the 10.000 into a million (10000 * 1.10^49 equals to roughly 1067190).

Another scenario would be to start with a 10.000, then put back into the system all the profits made up to 10% and use the rest for recreational drug-free, christian fun of beer. Assuming a hugely optimistic 15% average yearly profit, you'll be drinking 500's worth of beer during the first year of your enterprise. On the second to last year of your profiteering you'll be putting over 48.000 to beer, which probably means you'll either die before reaching the million or you'll make some friends along the way.

>>46889
I feel like this is assuming your 10% profit happens once a year. Like inputting the 49 as the time implies that there are only 49 units in which you can experience exponential growth by 10%? In reality it is possible that your original 10000 can grow by 10% once a month? So if you wanted to calculate exponential growth over a 49 year period wouldn't it be more accurate to plug in 588 since profits could be done per month? Or am I totally wrong here. I'm not great at math so I'm thankful for the teachings.

On another note, it's important to find other means of adding to your stock portfolio other than just the compound interest gained from your initial funds. Say if you add just an extra 100 a month into your fund growing at 10% per month you'd be at 1 million much faster I believe.

>>46901
Further to this I don't think this way of calculating stock profit is entirely accurate. Say you bought apple stock 5 years ago for 77 dollars. Now Apple stock is 153 dollars a share meaning your stock increased 98% in value. Short term stocks may fluctuate a few percentages but if you look and grand market trends the value of companies in dollar amounts are going up either due to inflation or true value.

If you want to invest I'd say look at major banks. Some pay dividends and are basically protected form bankruptcy since the government will just bail them out if things go south anyway in order to keep the economy functioning.

>>46901
I am not >>46889 but I think I can answer your question too. Short answer: he is right. Why? Because the average return on stock markets is indeed approximately 10%. So if you would invest in the S&P 500 then you would get 10% on average each year (there will be years you might get -2% but then there will be also years were you get 20%. It will average out on 10%). So now to your assumptions. Theoretically you are right, BUT it is nearly impossible to beat the market over serveral years. I mean it is theoretically possible if you land a so called lucky punch. If you go for a single stock and this stock increases each year by 30% then you will get faster rich, but the probability for this is very very low. So yeah it will take you 50years to turn 10k to 1kk (on average).

>>46904
Apple lost 30% of its value in the last 3months. I am only saying that to underline the difficulty to actually get 10% each year. It is not easy or granted. I mean 50% of all investors make less than 10% a year.

It's interesting. I've always thought stocks were for rich people. I believe it was like 30k was the average earnings of a person in the United States. If it were 50k, even that would be too little when taking out cost of food, shelter, and other expenses. Add that with regular people's relationships, and I would say even less, not even including their debts of houses and cars.

Even then, it would just feel weird to make it big in a generation. Wealth grows slowly. If a person were to pocket even 50% of their annual earnings of 50k, that would still need to be split among a few things like a retirement fund like a 401k, ROTH IRA(?), and other safe means investment along with riskier investments. Or, one can go more risk to get more out of it.

Assuming the apple stock in the example above grows 100% each year, at best, no financial mishaps, no recessions/depressions, nothing, just pure growth, at most, you'll get one million out of 100k, assuming you can get the 100k.

This is most likely an incomplete thought, believe it or not. I think I can find more examples onto this. I'm actually saying this to see other opinions on this matter. It would please me so to have these thoughts, these doubts, cast aside. Sadly, I've just missed out on everything. I've missed out on the rise of bitcoin, the recession, and now, I'll be missing out on the economic boom. I hope when I get an actual good career, no more waiting, I can invest a lot in my lifetime. I have nothing against investing at all, and I think I could do moderately well. I just can't think of a reason to have so much money other than pleasures that will be temporary. You'll be very old when the investments come to full fruitition. Money is gained very slowly, over decades of change. When you're finally retiring and using that money, you only have about 10-20 years before you dry up. Maybe less if cancer doesn't get you. The only true logical reason for gaining wealth, as of now, would be to pass it to the next generation, perhaps your brother or sister's children. Then, I believe it was within three generations, your money will be gone from excessive waste. Dammit.

What do you invest for? What keeps you going on this investment train? I would love to have a stake in a company financially, at least. Also, money will come up anew with new companies. If within my lifetime, we can mine asteroids, I can get up on that. I would love that since I could make a killing.

Sage for somewhat depressing post.

>>46939
I am able to invest because I go to work (I have a pretty decent job actually). And then go home and lurk on the internet and watch anime. The amount of money people spend "living life" is pretty high. Financially investing in your future is good but I'm treating it like a hobby. I've blown so much on hobbies that never went anywhere anyway. Might as well make some cash trying to do it. At least this interests me too. These days I don't even have the motivation to play a video game in my spare time.

>>46939
For investors it's like a game and you get to back the production of what you like. It's not about securing money for life, that's secondary and few expect much profit.

>>46948
And if it all goes to shit, I pretty much wake up and go to bed thinking about killing myself anyway.

>>46846
Rather trade crypto, fuck boomer stocks.
Lot faster to make money from crypto.

>>46958
What's the difference in its method? At first glance, cryptocurrency trade is the same investment and monitoring.

>>46959
To a beginner it doesn't matter, you can lose your money anywhere and most people don't have the discipline and understanding that it takes to be a good trader.
Van K. Tharp's books are all the same, it's a psychologist who studies traders and he runs seminars to teach people how real traders work.
Real traders look like this:
<iframe width="560" height="315" src="https://www.youtube.com/embed/L7G0OfJUON8" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

As the ex-goldman sachs guy explains, the current system is vampiric. The people who run the brokerages win, 90% of accounts lose 90% of their value in 90 days.

Crypto is 'exciting' which means that yeah, people have made money, but to keep it you need to understand when and where to sell(when you can), set stop losses, and don't take risks you haven't calculated. Low risk high profit trades, over and over, that's how real traders do it, and they do it consistently, with others money, and they make unreal amounts of money doing it.
I've done crypto and forex myself, ended up with some crypto left over and withdrew all my forex money. Didn't lose that much in either, crypto saved me a ton of money because I couldn't spend the money I invested in crypto, so I have like 6.5 eth. Think I had 9 or so at one point, so I ended up trading myself down to that level not knowing what I was doing and trying to learn.
>>46959
The difference is the volatility. As a trader, like the goldman sachs guy explains, the way you make money is volatility. In the video at one point he mentions that forex had no volatility, so he didn't invest in forex. He looks down on the idea of just being a 'stock' trader, as a trader it seems like he prefers to go where the money is.
There's probably one or two wizards on that level in the whole world, if any.

It's all dominated by trading bots now that destroy short term traders. Long term trading is controlled by people with insider information. It's a killing field where almost everyone will lose their money.

Bitcoin used to be a beautiful alternative that was not impacted by such factors. Since the last year or so this has changed and bots are now in control: you can tell by the 'bart' patterns - a fast spike in one direction followed by distribution as people react to that spike, then the market maker reverses the initial spike. The bots data mine the market's response during these actions to determine the direction and magnitude of future manipulations. Governments obviously want to suppress the price and can simply buy OTC and sell into the market with their infinite supply of printed fiat while shorting on the futures market.


>>46964
You really shouldnt try to give advice when you have no experience and a tiny balance

I mostly invest by autistic means. It's not going so well.

Can you grind stocks? If you put in 8 hours could you make minimum wage each day from having a few thousand? or is that just not possible/

>>46979
I actually think you could but you would need to start with like a few thousand. Like if you started with 2000. And bought stocks with increases overall 5% in a day youd make 100 for the day. 100/8 hour work day is like 12 bucks an hour$

Thats being optimistic though. Average return for a day is +\- a few percent. And in the long term 10% as stated here.

>>46979
With a few thousands it is basically impossible. Daytrading is required to survive on a daily basis and with only a few thousands the probability to gain a "minimum wage" per month is approximately zero.

So I would say it is just no possible. (My estimation is that you would need approximately 100k to survive without having permanent stress if you actually make it or not. The minimum I would say is 50-70k or else it makes not much sense)

Perfect stock picker for Wizards. http://dev.wizdaddy.io/

No I just trade crypto like BTC, ETH and Chainlink.

>>47242
how is it going for you? how much money did you have before you started?

I recommend Van K. Tharp's Super Trader. Making money with trading isn't about what you're trading, it's how.

>>47243
>how is it going for you?
actually really good so far

>how much money did you have before you started?
I invested 8000€ in mid 2017, I played it very safe and smart and x20 my money.

Is Space Trader: Merchant Marine a good stock market simulator?

>started with 400 bucks 2 mo ths ago
>now have 4200 bucks

is it really that easy? i just check em day and night, after waking up and before going to bed. there would be a thousand dolars difference during day and night, I buy, sell and wait.
bitcoin gave me my freedom, and one must be extremely retarded to starve. it's a good time to be alive.

>>49261
doubt

All-in on Chainlink

Has anyone here ever used robinhood? Would you recommend it?

Now would be a good time to move your money to something else that won't lose value in a crash. Stocks are over-valued. Traditionally after the bond yield curve inverts, stocks do extremely poorly, losing like 40-60% of their value usually. I think they will lose less this time thanks to the decimation of the treasury bond market as a viable alternative, but to be safe you should get your money out of stocks now.

>>50342
And you say this based on?

>>50343
Likely all the shit happening in China and the consideration that most of the world’s economy is at least partly dependent on China

>>50343
just look at the demand for negative yielding bonds right now in Europe and tell me a worse financial collapse than anything we've seen before isn't coming. There has never been this little slack in monetary policy before. They already switched to loosening monetary policy after only a single year of tightening it after the last recession. The truth is we never even made it back to baseline growth trend levels from the last time. There are dozens of other indicators like global manufacturing. We know that this time it's going to be even worse than it has been before because they can't just fix it with monetary policy. We've been kicking this can down the road for a while now, the entire financial system is a scam, it is inherently unsustainable. All the intervention by the central banks did is keep alive a system that was designed to crash for a little bit longer but it can't be sustained forever.

For a more technical analysis that actually goes into details on why to expect a crash you can read this:https://www.hussmanfunds.com/comment/mc191009/

Especially important to note is this part
>Low interest rates don’t “justify” elevated stock market valuations. Rather, the combination of low interest rates and high valuations simply implies that both stocks and bonds are priced to produce similarly low future returns.

This is a common misconception, yes driving money out of the bond market will inflate stock prices, no that does not mean low interest rates automatically guarantee higher returns on stocks. Once the assets are already inflated, they have nowhere to go but down in a crunch.

Even if this bubble will inflate a little bit more, there is little to lose by pulling out now. There are many many signs of global economic collapse at this point similar to the great depression.

>>50343
>>50365
Also take a look at this article:
https://www.theguardian.com/business/2019/oct/16/global-economy-faces-19tn-corporate-debt-timebomb-warns-imf

This period of super low interest rates only caused banks and corporations to take on more and more even riskier and riskier debt. Global debt to GDP ratio is higher than it has ever been before, therefore the crash will be worse than ever before. The IMF is saying if it's only half as bad as 07, over 40% of corporate debt will be insolvent. This is basically systemic collapse levels if it gets as bad as last time and there are indicators that it could very well be or even worse just based on converging bubbles like auto and housing just in the US alone. China is important, yes, but the US is even more important as it is the world's financial powerhouse. The global economy has become so interconnected that it's only a matter of time after Europe goes into a recession that the US will follow. China is reaching the limit of the currency devaluation and real estate bubble schemes. They're having trouble containing capital flight as they devalue the currency meaning their economy will fail. They are the prime driver of economic growth for the entire world because they are a developing country that just so happens to have 15% of the world's population. This means big markets and big opportunities for everyone else. All the economic policy of all the world banks seems to be coming to an utter inability to stop another crash.

This is why I say this world we're living in is crazy. We can protect against all sorts of natural disasters by building dykes and floodplains for example, but we are unable to stop disasters of our own making. Unable, or unwilling. I suspect it's the latter because every time the economy crashes, yes lots of people suffer, but some people gain immensely at the cost of everyone else by exploiting their desperation. Each time it happens, power and capital consolidates in the hands of fewer people who become richer and richer, until they become nothing but disgusting monument to greed and callousness to the suffering of others.

>>50366
Dude just I beat in alibaba and Chipotle. People love chink shit and Mexican shit food. Plus they're unaffected by trade wars.

lol amd was at 18.47 when this thread was started…

>>51459
how is alibaba not affected by trade wars, its a chinese company…

I am learning alot now. Better late than never I guess.
With probably focus index funds and dividended index funds because I ain't psychic and don't have insider tips. Without hot tips or powers most other forms of investment are just too close to gambling to me. Since it is my hard earned money I am playing with I rather not risk losing it for nothing in return. I am building a relatively low risk 35 year buy and hold strategy focused mainly around index funds of different types. Still working out the details though.

i don't know much about stocks, but why wouldn't you just hold the market portfolio? isn't gambling on individual stocks just that: gambling?

>>51471
Some people like to gamble, and the stock market has better odds then the casino.

How much money do you typically start off investing? Would 5k be a lot to start with?

>>51473
Only if you're adept in analyzing businesses. Blackjack is easier to pick up.

>>51530
That all depends on your goals.

Yeah it is a very old cliche but it still holds true.

If you have enough capital you could always just pay somebody who's good enough at trading to tag along on their trades automatically. Like two of these strats started with 12k which is still a lot I guess, plus you're not really learning anything so it depends on if you're just trying to gamble, make money, or actually have an interest in learning this as a hobby. https://collective2.com/peek/123045471

>>51659
Managed funds and the like do worse then the random chance or general market fluctuations over time.
If you don't feel like learning then it is better not to get involved at all and instead invest in assets you actually know or are interested in learning more about.

>>51680
>>51659
yeah fund managers on average yield net losses due to a lot of factors. they are generally more skilled and knowledgeable of the market, but that just makes them smarter gamblers and you still have to bankroll them, which means the returns you'll probably get aren't worth it.

>>51683
>>51680
Lets not forget about all the fees and extra charges that you have to pay no matter what results they get.

Honestly with how easy it is to get information these days it really doesn't seem necessary if you have time on your side.

>>51659
its not that easy

I've been out of the market for some time now, but I've noticed we're having a pretty good dip due to the corona virus at the moment so I'm thinking about getting into something, any thoughts on the timing here?
It's the eternal question I guess, when is the peak and when is the bottom, but I genuinely think getting into anything at the moment should make for a decent profit the coming months.

>>52410
Me being a long term investor I couldn't tell you when it came to timing, but I do know with most of the market artificially low I have been tempted to pick up some nice deals for blue chip stocks that pay dividends. That way as long as the market doesn't totally crash I will be slowly gaining money regardless of market fluctuations in the short term.

>>52411
What are you holding at the moment?
I've been on the same track to some degree, maybe not caring too much about the dividends as it's usually a relatively small amount (still not to despise of course) as for the lesser volatility and slower motions. Only kept track on Visa(V) at the moment though, mostly because I've had it in the past and I think there's still room for growth in card and other electronic payments. It's currently down at 175 from 200.

>>52413
90% is index funds.
I am a very boring investor.

>>52410
In general now is the best time to buy regardless of investment strategy.
Nearly everything is at record lows today especially oil.

>>52410
Profit to earning ratios have been increasing like crazy for decades. If they return to average we're looking at a ~35-40% correction. Unless you're interested in trying to make money off of the current volatility, I'd wait another couple of months, I think we have another 15% to lose at least by the time we hit bottom.

>>52430
What I learned from messing with silver is if it drops even more then it is just a even better opportunity to buy even more later.
Trying to play the timing gamble game with the stock market has been a proven way to lose money in the long run statistically speaking.

What brokerages do you dudes use and why?

>>52451
I use one called Avanza, I doubt they're available outside my country though. Back when I decided to use their services it was mainly due to their relatively cheap commissions and more developed site interface, at the time most banks weren't up to speed in the slightest. But I still like them because the staff is really helpful, one can access pretty much any market around the world, the fees are decent and even if you want to buy something really obscure that isn't listed they can arrange it for one while still not charging out their ass for it. There's grahams number amount of markets, commodities and instruments available on site though, plus all the usual extras like articles, tips, news etc etc.

Also taking a moment to appreciate being all cash and watching the market take another deep dive, mfw.

>>52435
>Trying to play the timing gamble game with the stock market has been a proven way to lose money in the long run statistically speaking.
This speaks true from personal experience as well, and even doing so in a bullish market seem to often net less than just staying put, yet I never learn it seems.
This is probably a good way to jinx myself but I just bought up some Visa shares today at 158 with hopes of making a quick profit maybe tomorrow, a pure wager really. Anyone feel free to join in if you wish to share the gain or pain.

>>52430
>I think we have another 15% to lose at least by the time we hit bottom.
This turned out a good prediction.

>>52484
Isn't all they do is crypto coin bullshit?

I've never dabbled with stocks or investing, or anything like that. Considering the current situation though, I've been wondering if I should try to take a chance on something. I got a few thousand dollars lying around, but I don't know. How much could I realistically expect to make, assuming I made a reasonable investment somewhere? To be quite honest, I don't have the faintest clue about any of this. I don't even know where to buy stocks, or how to sell them, or how to monitor them. I've also just never taken a chance on anything in my entire life. I feel like I'd just be equivalent to some lamb wandering into a slaughterhouse about to be mercilessly fleeced/slaughtered. My parents, specifically my mother, might depend on whatever money I have saved in the future, so I don't want to lose half of those savings gambling on the stock market, or trying in vain to cash in on something I don't really even understand in the first place.

>>52489
Definitely your call alone to make, you seem to be well aware of the risks at least. No one can truly predict the future, not even the most seasoned Warren Buffett like investor. Maybe if you're able to manipulate the market in any large way the probability of a gain would be high enough to be considered safe, say if you have a spare atomic bomb laying around and detonate it in New York after making the appropriate investments.
>I got a few thousand dollars lying around, but I don't know. How much could I realistically expect to make, assuming I made a reasonable investment somewhere?
If (IF) the current turmoil blows over and no new unexpected shit surfaces, out of a few thousand dollars maybe you can make a few hundred dollars.
Did it take you long to save up this amount?

>>52491

>out of a few thousand dollars maybe you can make a few hundred dollars.

Ah, I see. To be honest, it's quite a relief to hear you say that. Given my profound ignorance on the stock market, I thought I could make as much as ten thousand dollars by buying the right stocks while they're still at their currently low levels before then selling them later when they go back up in a few weeks/months, or whatever, when things start to stabilize again. Again, this was basically just my own delusions at play with me thinking I could multiply my savings without any effort by simply making a quick foray into the stock market and cashing in due to this unique situation while everything's still low. I'm not really sure why I ever thought I could make so much as ten thousand, other than that it just seemed like some arbitrarily plausible figure given what I have to work with and that, again, I have no idea what the usual dividends for this stuff is. I think I was also making the mistake of thinking this could be an easy way to make a decent amount of money, like some once in a blue moon event equivalent to bitcoin, but that was just me with my head in the clouds it seems.

As an aside, weren't there guys who bought like a hundred dollars worth of bitcoins back in like 2008-2010 and then had that transform to like $100,000, or something like that? Like, god damn, talk about winning the lottery. I can remember hearing about that one story about that guy who used his bitcoins to buy himself a pizza and then like a couple years later that same amount of bitcoins would've been like a million dollars, or something, right? I mean, I guess I'm just curious, but were there ever stories of poor NEETs, or whomever else, who caught bitcoin early and were able to buy an amount of bitcoins for less than $2000 and then end up with $500,000 to a $100,000,000 later, or is that shit just an urban legend? Did you actually have to already be rich, or slightly well off to have truly benefited from something like that? Like, say I bought $3000 worth of bitcoins back in 2009, or whatever. What would that have translated to later, do you think? Would've it have been like $300,000, or something? Either way, it does no good to frame things against the bitcoin phenomena, since it was obviously a very unique event in time and lottery win like investments like that are very, very, very rare, once in a lifetime rare, and are almost impossible to predict happening.

Well, I appreciate the info. I'd say I certainly needed a reality check when it comes to this sort of thing. It's funny though that as much as I sometimes daydream & cringe about easy money I missed out on, like with bitcoin, I really wouldn't know what to do with a lot of money. It's really my parents who could get the most good out of it. Personally, $10,000 to $20,000 would be enough for me. Enough to finally fix our house up properly & to finish random projects like renovating our basement, or sprucing up the back deck. I also wouldn't be averse to moving into a larger house, but the next best thing would be to simply fix this old one up the rest of the way. Since it's the more modest & realistic of the two, it's just the one I tend to gravitate to, but moving to a different town far away would also be kinda nice, what with it being a satisfying clean slate in a lot of ways. Rotting away for the rest of my life in the house/town I grew up in can be pretty depressing in & of itself. Well, I guess that's why I get attracted to the potentiality of lottery-like schemes like this. So I can make my parents happy and to allow all our dreams to come true by both being able to move somewhere else, or for them to simply have the financial freedom to do what they wish. Whether that's traveling somewhere or starting a business, or whatever else. My mother has always had a dream of starting a bed & breakfast. She dreams she can manage it and that I'll be able to help out and work for her and that I'll finally find myself and that we'll all be happy. To be honest, I wouldn't mind. It doesn't sound like a bad dream, frankly. The fact that I feel like I constantly let her down like this, by not making a fortune of some kind to bring her dream to life, makes me feel bad & ashamed with myself. I feel like I should be in the know about things, but I really don't know anything and I'm just hopeless. I apologize to my mother for this, but she's quick to remind me how ludicrous it is to think that any of it is my fault, but I still can't help, but feel like it is on some level.

>Did it take you long to save up this amount?

Relatively speaking, yes. This certainly isn't just chump change for me. Not at all. In total I have close to eight thousand dollars saved, and it's essentially the only accessible savings either I, or my parents, actually have. As a result, I would never have the guts or the foolhardiness to play around with it in this fashion. Perhaps more safe, long-term investments, that accrue interest over time and are separate from the volatility & chaotic changes of the everyday market would be best. This is something that I'd frankly feel much more interested/comfortable in learning about and potentially taking advantage of, but even in that realm of things I'm pretty clueless. My brother was actually mentioning something to effect recently. I should probably have a conversation about it with him at some point.

>>52489
Go with blue chip stocks. Trying to game with the smaller companies is essentially gambling, on the other hand you know that the big companies will eventually recover unless the PTB fall.

>>52515

>Go with blue chip stocks.

I have no idea know what those are, but, either way, it's irrelevant at this point. You see, I was originally under the misinformed impression that I could potentially stand to gain upwards of a couple thousand dollars, at least, by taking advantage of the current situation. However, as the other wizard mentioned, if all I could hope to get for my trouble is a couple hundred dollars then it simply isn't worth the risk, the anxiety or the headaches.

Like I said, it's actually a huge relief for me, since I thought I was missing out big time on some huge opportunity for easy/substantial money, but now that I know that this isn't the case, I can rest easy and just forget about the whole thing.

Also, it's kinda besides the point, but could someone answer those bitcoin questions I asked? I'm still quite curious to know what people actually gained from that sort of thing. Again, was it literally as simple as having just bought into it early enough and then you were basically a millionaire? How much would $3000 dollars of bitcoins have equated to later on when they reached their height, for instance? Are you telling me there might be braindead shitposters on 4chan who are close to millionaires now because they YOLO'd into bitcoin probably as a joke? If so, then I really hope this world nukes itself into fucking glass as soon as possible. Life is just too much of a cruel fucking joke. The sick sense of humor of the Demiurge knows no bounds.

>>52519
>You see, I was originally under the misinformed impression that I could potentially stand to gain upwards of a couple thousand dollars
When trading you can do leverage and get 100x profit, or if it goes down you lose 100x until youre bankrupt, if you really want more risk

>Again, was it literally as simple as having just bought into it early enough and then you were basically a millionaire? How much would $3000 dollars of bitcoins have equated to later on when they reached their height, for instance? Are you telling me there might be braindead shitposters on 4chan who are close to millionaires now because they YOLO'd into bitcoin probably as a joke?
Yes even people who just mined bitcoin on their computer for free became billionaires if they were early enough. I was a millionaire at the peak but now i only have $170k

>>52520

>if you really want more risk

No thanks. Taking huge risks was the exact opposite of what I was looking for. Again, the only reason I'm thinking about this all of the sudden is because of the coronavirus hysteria. People have been saying how low everything is and I started to think that I was missing out on some pseudo bitcoin like event. I thought it'd be an easy thing without much risk attached to make a small fortune of money, basically.

>became billionaires if they were early enough.

Seriously? Billionaires? So some NEET mining bitcoin back then could've become a damn billionaire? Even a millionaire is still pretty crazy and is enough to just make me wince in horror at the fucking laughable absurdity of this world, but a billionaire just seems like taking the piss. Well, either way, I wish I hadn't asked.

>I was a millionaire at the peak but now i only have $170k

So were you just some random guy mining bitcoin then? Right place, right time, sort of thing? If so, I can understand why people would want to kill themselves over having missed out on this sort of thing. The fact that it was this simple/easy and that really anyone could've gotten in on it, but that most of all of us had the extremely poor luck to not be aware of it until it was too late. To think how different life could've been for my family with money like that. So much misery over the lack of money and how its absence robs everyone of any sort of freedom. Well, whatever. Outside of that, coronavirus ain't a mini-bitcoin and I was just being a bit of a doofus for ever thinking that it was.

I don't know anything about stocks but you seem like smart wizards, will I be getting the stimulis check if I haven't had a job for more than a week? I did file taxes in 2018 after the week long job so I could get a few extra bucks, so maybe they will send me a check? I dunno.Thank you for any help.

>>52527
That is in no way related to the topic of the thread.

That said the answer is no.

>>52522
It often seems to me like these sort of sunshine stories, where someone put a nickel into something then ended up with a bajlon maijlon dollars, never worked again and lived happily ever after, tend to stick to people more than all the stories of failure. Pretty sure whether it was bitcoin, some pennystock, early google or whatnot, there's a far larger number of investments/wagers that went nowhere, that could possibly make for an interesting thread.

How easy is it to quit your job to turn into day trading?? I made 10k this week, but I don't know how sustainable this growth is.

>>54372
Grats! You could quit when you have enough that you have a large amount that you can risk to keep making more, and a large amount that you can keep safe in case you fail. Enough safe to just sustain you for a few months in case you need to find another job. Put the safe money in stocks.

You should get margin and the robinhood debit card. To get approved you might have to change the answer of one of the questions they ask when you sign up. I just changed "What is your goal?" from "growth" to
"speculation" and then they approved me for it. I think they just want to know you know what the word speculation means. The interest rate is nothing with these kinda returns. Pretty much any loan with a normal interest rate would be good for us. If you borrowed all you could you'd probably only have to pay like $10 a month right now.
I used to borrow as much margin as they would let me and risk it all, but now I use it to make purchases with the debit card. I put all of my own money in stocks and options, and when I buy things it takes my money out of stocks and options and replaces it with margin. This is more convenient than when I used to transfer money to my bank and had to wait a business day or two to get it.

>>54372
Why don't you turn that 10k into 100k?

>>54372
You made 87% in just one day?

>>46846
If you got some money to spare, do it for reals.

>>54372
How did you do this? Explain yourself

>>54959
he saved that screenshot from r/wallstreetbets

I'm the wiz that had $20k, I just want to report that I lost most of it. I'm done playing this game, the market is manipulated by mafia illuminati. I have enough money for a few months, going to start a business of some sort now, probably software.

>>54962
Post screens or gtfo!!
You sound like you are just backing out from having to prove anything with 'muh i lost it all'

>>54959
He probably traded options. High risk, high profit.

I'm glad to see this thread is still alive. Not able to prove it but I'm the one that started it over a year ago. I survived the Corona market panic and am up around 105% for the year while the market only being up around 4%. If things continue I should get to my goal of one million in 5 years.

I mostly trade futures contracts, and leveraged ETFS. I do trade options, but theta gang mostly. Still, It annoys me to know that so far, I could've had so much more profit if I just bought some LEAPS on SPY or QQQ or some shit rather than doing all this other fancy shit and trying to be cute. I just can't wait until the day I don't have to suck dick at work anymore.

The key for a retard like me is leverage. Whether you get it through options, futures, leveraged ETFS, or normal margin buying. The only way for retards like us to make outsized gains is to take on extra risk and "trade" (more like invest), using as much leverage as we can possibly afford to withstand 2008 type drawdowns.

Take micro mini contracts for example. Right now one micro mini nasdaq contract has a value of around 23K. What do I mean?

I mean the nasdaq is at 11555, and for every 1 point move in the nasdaq, the micromini contract moves by 2 dollars. So for every micro mini nasdaq contact you hold, it's like you're holding the nasdaq, but 2X. But how much does it cost to open one micromini nasdaq contract? 1.5k. Yes, for every 1.5k you have a brokerage will let you act like you have 23K in the stock market. That's leverage. Currently, I'm holding 8, and I bought into gold because of Buffet. I have a feeling he's going to get cucked just like he did with airlines though. And of course with futures contracts you need to have a margin buffer to withstand drawdowns since in the micro mini nasdaq example, the 2x can movie AGAINST you as well.

If you don't have the money for futures, take 1/3 of your investable capital and buy a call option on QQQ minimum 6 months in the future. You might have to go with a pretty high strike but that's the best you can do. Then while you're waiting for that to increase in profit, sell weekly options at a higher strike against your position to reduce your cost basis. Close your long dated option after a few months, and do it all over again. This is known as a "Poor mans covered call" and doing it on QQQ is like buying and holding a tech index fund, but with leverage.

Options are their own type of leverage and have their benefits (like if you stick to simply buying options, you don't have to worry about margin calls.) and drawbacks over futures contracts (Theta decay), but I won't get into that right now since that's all I feel like typing.

Attached, current futures contracts I'm holding. Too lazy to login to all my other accounts and show all positions

>>54976
"every 1.5k you have a brokerage will let you act like you have 23K in the stock market"

It's like a a zero interest loan that you don't have to pay back. It is possible to lose more than your account and owe though (margin call), if somehow there is a crazy gap down over the weekend.

Now there are circuit breakers in place, like the market can't go down more than 5% in a day before trading gets halted.

More realistically your broker will liquidate your positions as the account value goes down and doesn't have enough to hold positions before it gets to a "margin call". It's for your and their protection. They don't want you to have to owe either. It's a pain in the ass for everyone.

So what happens when you get liquidated? Keep trying. You'll invest at the bottom eventually and can leverage on the way up. You only need 1.5k, well some brokers will let you hold a micromini contract overnight for less.

There are new index future called the Small75, which should be even cheaper to get into for poorfags.