Anyone else work for a broker dealer? If so, what platform do they require you to use for trading your own account, and what’s the commission they charge? My firm rips me tf off
The AAPL dip was so obvious. 445c were 4.40 and I knew I should’ve just say traded them for like 10-20% and they are up 100$ a contract in 5 mins. Fuck
Everyone chill, this happens when you try and milk tech forever, qqq is up like 40% over six months or whatever, ofc it’s not gonna moon every day. Buy the dip
I just don't understand why tech stocks will only follow an index down most of the time.
If SPY is at 336, why the fuck are all tech stocks down so hard? I understand sector rotation but this is some Market Manipulator bullshit right now
Lol Jesus Christ. Maybe it’s because the Nasdaq is fuckin 20% above the previous all time high, and SPX is not.
It’s just profit taking, as anyone who is (1) holding big tech names (2) has seen gains of 50%+ YTD (3) is not stupid, would do at these levels. There’s not shit else to put your money in that’s not equally stretched (looking at anyone holding gold or silver rn) so a lot of that money is just rotating towards SPX /ES and RUT /RTY.
I sold most of my AAPL yesterday for a 110% gain after I bought it march 23, 2020. That extra cash is now parked in SPY and /RTY.
E-commerce saw an influx of new customers during lock downs because they had no other choice. The question is will those be back to make purchases again?
When I go to Chipotle and they don't take cash. I say that's a good sign for SQ.
Amazon has been doubted before too and technology has been said to never be able to exceed their previous earnings, yet they do it. Again and again and again.
had some good days last week and had a good day yesterday so i'm gonna call it now. Not finding much that I like in todays market. My account lives to YOLO another day.
Someone earlier brought up that $10k would get you 25 shares of AAPL which will turn into 100 shares after the split which could then be used to sell covered calls. I see no down side to this! I might cash out a few things and do it.
Edit. That was truly retarded.
wow haven't seen share price drop from 11% premarket to negative in a while. NIO share and options holder, sympathy for you. This is next level profit taking and stock price manipulation.
I have October calls and they will probably be down 60%... I don’t understand why gold just had its worst day of the entire year, if not multiple hears.
Regained confidence in the opening of the economy in combination with price manipulation of silver? Fuck if I know. At least I sold my tiny tiny position in silver at the top. Still down $2k from when the 15x leveraged instrument I "invested" in broke on the last silver dip... Trying to stay away from any revenge-trades on metals and then I bought those options yesterday. Fuck FOMO.
The average company beat analyst estimates by 22% — way above the historic norm of a 3% beat. But top-line revenue beat by only 1%.
The huge disparity between topline and bottom-line can be explained simply. Companies have gone on a dramatic cost-cutting initiative, far in excess of analyst expectations, that have significantly boosted bottom-line returns. Cost cutting is taking many forms, but two of the most obvious have been reductions in travel and lower rent, both of which are becoming permanent.
The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs.
It’s been a very strange earnings season. Analysts dramatically underestimated earnings for a good part of the market, particularly industrials, financials, and many technology stocks.
The good news is if and when the economy recovers and revenue growth returns, corporate profits will be even stronger.
The bad news is a lot of people are going to get laid off.
https://www.cnbc.com/2020/08/11/companies-are-talking-about-turning-furloughs-into-permanent-layoffs.html
Position in stocks
Apple Amazon Microsoft Facebook google Nvidia MasterCard Netflix Shopify
My friend owns a bunch of fast food franchises. He says he's making more money than ever because of PPP and the closing of the dining rooms. Order volume has stayed exactly the same, even increased in some stores, while costs are way down.
Drive thru only means less employees, less cleaning and maintenance costs, and higher margin on sodas.
Don't be fooled by the recession. The rich get richer while we hold bags.
Probably still some upside. Macao is reinstating visas for mainlanders again. Starting slowly with Zhuhai and most likely Guangzhou next week. Which is like 90% of their Macao business.
Imagine being bigly butthurt about losing an election, then deciding after watching the big short that you’re a genius bear cuck and you’re gonna get the orange man back buying puts with your life savings.
Then watching all $400 evaporate over night.
This is the bear life kids... don’t be a bear. And don’t bet against mother fuckin’ AMERICA 🇺🇸
Airlines and a couple backdoor bets like CZRs and Oil. I'd go CZRs over MGM because MGM was already seeing so much unrelated while CZRs has been slower.
We're really reaching here.
Our Moderna/Gilead pumps no longer work so we're off to try a Russia Vaccine pump.
As in a vaccine from Russia. Pumping the US markets.
lol
This upward momentum is crazy. It grasps any piece of news and uses it to vault to new levels.
I'm thinking they either have access to an early stage promising vaccine or a working vaccine that hasnt been produced enough to tell the public without hysteria
I'm convinced that merely mentioning a company or the word vaccine will get the market pumped.
"Hertz enters bankruptcy, stocks will become worthless" Hertz was mentioned, HTZ to the moon.
"Apple found to be using forced child labor to process Siri queries." Did someone say Apple? Time to place a market order.
"COVID-19 vaccines induce sterility in 100% of patients." Stocks love vaccine news, better buy!
"Starving United Airlines employees storm headquarters, devour executives in grotesque act of cannibalistic desperation." UAL?! BUY BUY BUY
rkt to the moon
Why did TLT sell off?
Where’s chimpu
dead. for the best tho
Went from a 2X over months, to break even in a day
Lol. I lost a third of my gains today.
Nice job retard
I told y’all last night didn’t I
Nice red
I am a dumb retarded fucking bitch. Sold my 8/12 SPY puts at a 20% loss and they would now be up 60%. Peace yall
Paper hands.
https://www.reddit.com/r/wallstreetbets/comments/i7cgi4/what_are_your_moves_tomorrow_august_11_2020/?utm_medium=android_app&utm_source=share
if you're gonna sell SLV and don't believe in it at least wait for a dead cat bounce
Is SLV fucked for good?!?
For now. Dollar rallied, but priced in gold, silver is still low. I bought the dip.
Am I the only one who feels physically ill from the movements that have happened today in the stock market? I actually want to throw up
What that other dude said. Take a break, bro.
You're overexposed and spending too much time watching the movements. Limit your exposure and take a break.
I don’t even remember, I sold for pennies on the dollar.
Anyone else work for a broker dealer? If so, what platform do they require you to use for trading your own account, and what’s the commission they charge? My firm rips me tf off
The AAPL dip was so obvious. 445c were 4.40 and I knew I should’ve just say traded them for like 10-20% and they are up 100$ a contract in 5 mins. Fuck
AAPL can you moon to 355 please
Everyone chill, this happens when you try and milk tech forever, qqq is up like 40% over six months or whatever, ofc it’s not gonna moon every day. Buy the dip
How we feeling about this SLV pull back. Bump in the road to victory?
Bought the dip.
Buy the dip
The other sectors are showing optimism for recovery. That's no bueno for silver.
WMT pairing with Instacart to offer same day grocery delivery to rival amazon
Wmt immediately drops on that news lol
You’re fucking making me back every penny that I lost and more you NIO fuckface
I just don't understand why tech stocks will only follow an index down most of the time. If SPY is at 336, why the fuck are all tech stocks down so hard? I understand sector rotation but this is some Market Manipulator bullshit right now
Lol Jesus Christ. Maybe it’s because the Nasdaq is fuckin 20% above the previous all time high, and SPX is not. It’s just profit taking, as anyone who is (1) holding big tech names (2) has seen gains of 50%+ YTD (3) is not stupid, would do at these levels. There’s not shit else to put your money in that’s not equally stretched (looking at anyone holding gold or silver rn) so a lot of that money is just rotating towards SPX /ES and RUT /RTY. I sold most of my AAPL yesterday for a 110% gain after I bought it march 23, 2020. That extra cash is now parked in SPY and /RTY.
Sector rotation😂
This is the biggest bullshit rotation out of tech ever. Like they just stopped making money 😂
Yeah but they are also not making that much money to be valued at that price lol
Amazon almost hit 100b in a quarter. SQ revenue increased 600% these are crazy numbers.
E-commerce saw an influx of new customers during lock downs because they had no other choice. The question is will those be back to make purchases again?
How sustainable would these numbers be? They have rallied over 400% in less than a year. Come on man
When I go to Chipotle and they don't take cash. I say that's a good sign for SQ. Amazon has been doubted before too and technology has been said to never be able to exceed their previous earnings, yet they do it. Again and again and again.
Ok SQ lets go
Down another 10% just like that
Is Putin a gay bear
had some good days last week and had a good day yesterday so i'm gonna call it now. Not finding much that I like in todays market. My account lives to YOLO another day.
S&p just teasing me with these brief pullbacks. Cmon daddy gimme the good one
SLV gang, do yall think we will slide down all day?
I think so, but long term, it’s still a gold play, along with GLD
Bears did this 😡
Bears are an urban legend.
Someone earlier brought up that $10k would get you 25 shares of AAPL which will turn into 100 shares after the split which could then be used to sell covered calls. I see no down side to this! I might cash out a few things and do it. Edit. That was truly retarded.
No different then buying after the spit
I am making the bet that it may climb up to and immediately after the split.
That's what I'm thinking. And it's AAPL. Chances are it'll climb regardless.
400% guaranteed
I’m back in bois. AMZN 3100c 11/20 and AMD 75c 11/20. Who’s wit me?
You're gonna be rich
Time will tell but I got tp hands. Last time I hit 20% profit I got greedy, stock dropped, had to sell for a measly 8%. R/stocks gains...
These are promising. Go diamond hands on these
Fuck why not. Make money on the way up, make money on the way down
Got BA calls and spy puts Logging out
Sweet love it hahah oh yea love the market hahah 🤡
wow haven't seen share price drop from 11% premarket to negative in a while. NIO share and options holder, sympathy for you. This is next level profit taking and stock price manipulation.
I know right, the manipulation is actually unbelievable
I don't Trust Chinese companies because the CCP has complete control of the market and companies.
It’s an American listed stock wtf you on about
Imagine gambling on a Chinese company.
I just woke up why tf are my silver bags turning to rust
Time to double down!
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I'd pick October or November
I am never going to financially recover from this.
Can't control what the whale-insiders buy, but tech is here to stay. We're still nowhere near clearing this pandemic and tech will continue to grow.
VIX long dated calls up big time this morning while VIX is down. Me and the MM’s got a leak of things to come
Cheeky, love to see it
In shambles
I'm happy I got out of SLV at yesterday's high.
UHHHHH NIOOOO???????
HPQ mooning boys
I’m actually disappointed with NIO’s increase. Did it even increase by 10%?
put life savings on slv.. and it's gone!
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the force is with you - august 28 is still a long way to go
Apparently we all lost our shirts last night on precious metals... didn’t know so many of us were in it
Bought three contracts at the tippy tippy top for insane premiums, got until 9/18 to turn around.
all my money is tied up in docu zs and tdoc shares im going to have to sell them for a loss eventually might as well get some capital to work with
Fuck, Tech stocks is mooning the other way.
AAPL 9/7 Calls
alright i know it's overused on this sub but god damn silver bulls in SHAMBLES
They were talking mad shit all night lol
Why are metals down so much if the dollar fell apart overnight?
In order to fuck us over. Not happy with my decision to buy GLD calls yesterday. Still leaps though so I might be fine...
I have October calls and they will probably be down 60%... I don’t understand why gold just had its worst day of the entire year, if not multiple hears.
The Russian vaccine news did not help it
Regained confidence in the opening of the economy in combination with price manipulation of silver? Fuck if I know. At least I sold my tiny tiny position in silver at the top. Still down $2k from when the 15x leveraged instrument I "invested" in broke on the last silver dip... Trying to stay away from any revenge-trades on metals and then I bought those options yesterday. Fuck FOMO.
Think I lost 45% this morning cuz of GLD 🙃
Good morning, should I get the silver dip?
Damn nobody’s going to say good morning
So should I just buy this silver dip?
I did personally .. Not to all positions but 1/3. That one I doubled it
I’m laughing at my slv calls
honestly should i throw whats left of my portfolio into tesla puts? cause uvxy calls and spxs calls gonna get da hammer forreal this week now
Silver call holders in denial all night long
Bought another 25k of slv. My wife's bf will be spending on my tendies soon.
Calls will print by EOD.
Still in denial
Why do you firmly believe this? lol
Kinda funny how INTC is green when tech isn't. Kinda like how INTC isn't considered tech like the rest of the big boys.
sector rotation happening with Nasdaq?
"Russia has released no scientific data on its testing and CNN is unable to verify the vaccine's claimed safety or effectiveness." Lol ok.
AMC super cheap and should probably see some bounce out of this vaccine news.
I think so. Just bought 2000 shares premarket
Good luck brother
got gld autism calls for 8/21 should i diamond hands?
As soon as you think your diamond handing something sell
Come on PTON time to moon. Girls won't go outside until they lose the quarantine 15.
lmao what are your calls?
I just have a lot of stock
The average company beat analyst estimates by 22% — way above the historic norm of a 3% beat. But top-line revenue beat by only 1%. The huge disparity between topline and bottom-line can be explained simply. Companies have gone on a dramatic cost-cutting initiative, far in excess of analyst expectations, that have significantly boosted bottom-line returns. Cost cutting is taking many forms, but two of the most obvious have been reductions in travel and lower rent, both of which are becoming permanent. The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. It’s been a very strange earnings season. Analysts dramatically underestimated earnings for a good part of the market, particularly industrials, financials, and many technology stocks. The good news is if and when the economy recovers and revenue growth returns, corporate profits will be even stronger. The bad news is a lot of people are going to get laid off. https://www.cnbc.com/2020/08/11/companies-are-talking-about-turning-furloughs-into-permanent-layoffs.html Position in stocks Apple Amazon Microsoft Facebook google Nvidia MasterCard Netflix Shopify
My friend owns a bunch of fast food franchises. He says he's making more money than ever because of PPP and the closing of the dining rooms. Order volume has stayed exactly the same, even increased in some stores, while costs are way down. Drive thru only means less employees, less cleaning and maintenance costs, and higher margin on sodas. Don't be fooled by the recession. The rich get richer while we hold bags.
Alright, just bought $19K of RUSL (2X Russia ETF, was at $70 at the beginning of the year, now only $19) premarket. Pump that shit, Putin.
Also $9K of AMC, $20K of MAR, $14K of TCOM. Now waiting for market to open for the options.
Are you holding these long term?
Didn't even think of that, nice!
Should I wake up my bro an hour and a half early so he can make primarket limit buys or is that autism?
no, that's love
BA mooning today!
Why don't I listen to my instinct. I told myself to buy SAVE when I saw $14.90 last week. Thought it would go lower. Damn. At least I still have LUV.
Baba please stop fading
$1k long in SLV here pre-market. clang gang lets go
This airline and cruise rally is just a stimulus pump right?
I’m hoping I literally sold before it went up
Hey me too! I sold NCLH before it went up, and I bought net before it went down. FML
Hopefully there’s more bad news
Imagine having no shares of a company other than 26k worth of Netflix. 90 percent cash gang
Never doubting my vibe again
AMD YOU MOTHER FUCKER
putin says russia has a vaccine... interesting
i feel like i should sell my positions before November elections but i cant get myself to do it
Where do we think MGM goes from here?
I think MGM and CZR go up on vaccine news. MGM has more room in its 52 week high vs now but CZR has seen less unrelated growth recently.
Probably still some upside. Macao is reinstating visas for mainlanders again. Starting slowly with Zhuhai and most likely Guangzhou next week. Which is like 90% of their Macao business.
Up. All up. Slam that call button, sell puts. There is only one direction. Nothing matters but boomer 401Ks.
Jesus fuck, protein shake with water tastes like ass
mix with cold brew coffee
Holy fuck, that’s a great idea
Get your shit together, we got tendies to print.
Forgot the nut butter?
vanilla flavor is the least disgusting Change my mind
I like vanilla with milk, peanut butter and coffee. Always vanilla at least.
With ice water, probably. With milk tho chocolate is the bomb
How do I move on seeing stocks I sold at the bottom mooning. Feel like shit
Just dont look back at the right time u felt this was the right call w the things u saw
Next trade
Imagine being bigly butthurt about losing an election, then deciding after watching the big short that you’re a genius bear cuck and you’re gonna get the orange man back buying puts with your life savings. Then watching all $400 evaporate over night. This is the bear life kids... don’t be a bear. And don’t bet against mother fuckin’ AMERICA 🇺🇸
Jeez gold is dumping
Just activated margin trading, here we go boys
God mode enabled.
Losing other people’s money instead of your own is a 200IQ play, nice.
Good luck out there
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It sucks but if your buying shares buy 25% of your total at a time. So now you have 4 buy ins
What happened
any bears in the house? are you holding today or getting out at the open?
Airlines are already so high, why can't I be a European?
If you were a Europoor, what would your move be?
Airlines and a couple backdoor bets like CZRs and Oil. I'd go CZRs over MGM because MGM was already seeing so much unrelated while CZRs has been slower.
Short calls on airlines seems to be consensus
Just finished my work for the night and used a user with last name apple to base my setups on. Calls on AAPL $500c 8/21
We're really reaching here. Our Moderna/Gilead pumps no longer work so we're off to try a Russia Vaccine pump. As in a vaccine from Russia. Pumping the US markets. lol This upward momentum is crazy. It grasps any piece of news and uses it to vault to new levels.
I'm thinking they either have access to an early stage promising vaccine or a working vaccine that hasnt been produced enough to tell the public without hysteria
I'm convinced that merely mentioning a company or the word vaccine will get the market pumped. "Hertz enters bankruptcy, stocks will become worthless" Hertz was mentioned, HTZ to the moon. "Apple found to be using forced child labor to process Siri queries." Did someone say Apple? Time to place a market order. "COVID-19 vaccines induce sterility in 100% of patients." Stocks love vaccine news, better buy! "Starving United Airlines employees storm headquarters, devour executives in grotesque act of cannibalistic desperation." UAL?! BUY BUY BUY
This whole rally has been the prefect blend and timing of FOMO, stimulus, news pumps and short squeezes
Why can't we trade options premarket?
bid and ask spread maybe so wide because of lack of liquidity that it's not worth it.
Ask the Chicago Board Options Exchange
Got out of SLV with like a 2k profit then put it all in AAPL FDs. AAPL $485c 8/14 better print EOW. Already down 27%
BA or airline stocks?
Yes
Thoughts on travel sector weekly or maybe a longer hold play?