Stock Market/Investing

[Ares]

Today was a warning hiccup methinks, idk.

I am down, but I could see much of this floating back to par by end of the week, at least for my own positions.

 

[Ares]

Schwab, Fidelity, other online trading brokerages appear to go dark during huge market sell-off

Several online brokerage firms including Charles Schwab, Fidelity and Vanguard appeared to be down for thousands of users Monday morning, with disruptions arriving on one of the biggest stock markets sell-off days in 2024.

apnews.com

@Ares

Yeah mine was down for a good 20-30 minutes.

I didn't really have anything in a good position to sell, I am much better off holding this week/month/quarter and maybe even year.

I got some buys in during the dip... hope those pay this week.

 

[knoxville7]

Japans market bouncing back up 8%

 

[knoxville7]

https://www.marketwatch.com/amp/story/palantirs-stock-surges-as-unrelenting-ai-demand-fuels-earnings-beat-5ecd377a

Safe to say that there isn’t an AI bubble bursting. At least not right now

 

[Ares]

That bubble will burst, but methinks next year.

 

[Scoot26]

That was a real bad recession we had.

 

[Raskolnikov]

That bubble will burst, but methinks next year.

Tesla might save themselves with from the car industry with humanoid robots.

 

[Ares]

Tesla might save themselves with from the car industry with humanoid robots.

If they make the iWife/iHusband/iPartnerTheyThemZeeZerrrrrrr

 

[Gustavus Adolphus]

@xeroshoes

How is your crypto holdings?

 

[TezMaKai]

I'll be curious to see what the market does this week...or if it will even have an affect when rates are slashed next month since that seems to be a foregone conclusion anyway.

 

[knoxville7]

I'll be curious to see what the market does this week...or if it will even have an affect when rates are slashed next month since that seems to be a foregone conclusion anyway.

and the announcement for rate cuts coming happened today. nice solid 0.80 to 1.10% gains today for the markets

 

[Ares]

and the announcement for rate cuts coming happened today. nice solid 0.80 to 1.10% gains today for the markets

I bought call options yesterday to take advantage of short-term negative pressure.

Next two weeks could be some nice wins.

 

[Scoot26]

and the announcement for rate cuts coming happened today. nice solid 0.80 to 1.10% gains today for the markets

WHERE'S MY RECESSION? IS IT HANGING OUT WITH HUNTER BIDEN?

 

[knoxville7]

WHERE'S MY RECESSION? IS IT HANGING OUT WITH HUNTER BIDEN?

my guy Tom Lee came through with being right again!

 

[TezMaKai]

I bought call options yesterday to take advantage of short-term negative pressure.

Next two weeks could be some nice wins.

Options trading seems so risky and confusing. I definitely have a lot to learn before trying options.

 

[Scoot26]

Options trading seems so risky and confusing. I definitely have a lot to learn before trying options.

I have also never tried options.

 

[Ares]

Options trading seems so risky and confusing. I definitely have a lot to learn before trying options.

Its certainly got risks to it different from ordinary stock trading.

For starters an options position could expire worthless, whereas traditional stock only "expires" if the company goes bankrupt.

But an option position can return 10-30x what the same movement in share price would return.

Also an option position can make money when a share price goes up (CALL) or down (PUT) whereas shares alone only gain when they gain.

Stock market is like Sports betting in many ways.

Buying stock shares is kinda like betting the moneyline or over/under.

Buying options is kinda like betting on a moneyline and over/under parlay for a game half.

In one case your team wins and you win, straight up.

In the other case you win only if your team wins and by the right amount and in the time period described.

Do some reading on the subject and pick one stock to follow for a while, then trade options based on your continuing understanding of the stock in question.

Kinda like if the fucking roulette wheel trended 25 around Christmas and the like.

 

[knoxville7]

anyone buy the NVDA dip?

 

[Scoot26]

anyone buy the NVDA dip?

I haven't paid attention to anything all week.

 

[knoxville7]

I haven't paid attention to anything all week.

took about a $7 a share dip after earnings