/lounge/ - Lounge

I have a shorting contract on Saxo Bank but as I'm not an inside trader, I just go off my general world analysis theories to make decisions.

I'm currently shorting stocks whose parent companies should hurt a lot from import tariffs, such as Apple. I will close the position if it seems like Trump is going to dial the tariffs back.

I don't make huge profits because I don't have a rich mans bankroll, but I made $4200 so far in 3 days.

>>317891
I am always too scared to short stocks. Few days ago I shorted US100 for few hours and earned 12 dollars but I was constantly stressed that it's a bad decision and I will loose a lot of money

>but I made $4200 so far in 3 days.
That's some serious cash especially for such a short time period. I wish I could earn so much too

>>317894
It helps if you are suicidal like me with long term depression. I don't have fear of failure anymore, so I'm comfortable throwing my entire savings and inheritance into 2 or 3 shorts.

I completely understand your point though if you have something to live for and still have joy left.
Plus the commissions would eat your profit in that situation.

I'm too dumb for stocks.

Mostly just index funds and a little bit of stock in the company I work for.
When the markets went to shit I moved my stuff over to a money market account and now holding my stuff there as 5% interest going to me until things settle down. Likely after the upcoming recession.

>>317897
You won't know until you try.
I'd like to get into stocks because I can predict trends in the world pretty well. But I'm too lazy for how it is - you need a special account in a special establishment and it's all a convoluted mess of bureaucracy. If only it was as shrimple as logging into a website and clicking up and down…

pic rel is literally me except the money

I rather invest in real stuff and knowledge.

It’s a scam. I don’t want to engage with it

>>318954
Most of life is a scam, isn't it?

I have some in S&P 500 because I believe in the US business and economic supremacy continuing into the long term, it's always gone up and produced good returns in the long run even with plunges in between.

I also have some individual stocks too but those are risky, seen so many people online lose their money on them. I've been lucky so far but doesn't mean anyone else will. I kind of just enjoy it for the fun of predicting even though I think we humans are bad at future predicting and tend to fall for confirmation bias and other things. I don't put in more than I care to lose. I have basic economics/business knowledge so I often get ideas from substacks, twitter, even reddit (gb2reddit I know) as long as they seem well thought out with analysis that makes sense, I've found some good picks, occasionally bad ones but more good. I avoid the meme/hype stocks and anything that smells bad - unprofitable companies with "future unrealised potential", businesses that aren't really unique or special/no moat, don't have potential to expand, lots of debt, no plan or investor relations etc.

Recently I invested a small amount in a company in my country Australia called Beonic Ltd. Small tech company that deploys tech into public spaces to make them "smart" think like IoT, queue monitoring, "AI" insights etc. sounds memey and questionable but they have big contracts including big airports. Unprofitable for years and investor faith seems to be lost, quite a bit of debt. Risk is that they stay unprofitable and get delisted from the stock market or worse. They are claiming they will break even second half this year, and have made attempts to restructure and cut costs, focus on their profitable segments (mainly airports). Heard a rumor they could get bought out/acquired. Could be bullshit but if they break even and/or get acquired I think the price could triple or more. Or maybe it just joins the thousands of small stocks that get slaughtered/stay stagnant

>>320302
FYI I realise the stock I mentioned is one of the ones I said to avoid, just do as I say not as I do

Pickings stock as an individual doing trade and such is literally gambling

Did the boring index fund thing for awhile, but noticed the small incremental gains were regularly decimated every few years by big overall market downturns and when these were taken into account I still wasn't beating inflation.
So I dumped my funds into a high interest account and physical gold just to hedge against inflation and instead worked on earning and saving more instead of investing at all.
Not ideal but at least I am not getting burned over and over again by retarded tech bros.

>>320348

There hasnt Been a big downturn since 08. Covid -37% was recovered in a year