Current Events > Stock Market and Crypto General

(+) Yeah! (+)

That was quick.

Tomorrow gonna be very red, Tuesday will prob bounce back and recover some of it.

Should've got puts Friday instead of settling for UVXY but oh well.

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So glad I bought a bunch more TVIX at the end of the day on Friday

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Apparently Dow futures hit limit from falling

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I did add Lyft puts at least because their run up on Ubers announcement didn't make sense so I'll see how those spike tomorrow.

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Nu_Titan posted...

Futures opened and limit down already (trading halted), lol. S&P = 2173 and DOW 18084.

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what's this mean? WHere you seeing futures at?

https://www.cnbc.com/pre-markets/

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SK8T3R215 posted...

https://www.cnbc.com/pre-markets/

thanks

Morning bump

AngelsNAirwav3s posted...

So glad I bought a bunch more TVIX at the end of the day on Friday

I'll go in with you >_> I am playing it safe at this point since I don't have like 20k to just toss around, but I bought another one around $500. Will see where it takes me, wouldn't mind getting a couple hundred extra for nothing lol.

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The FED just tried to pump bitcoin three times and it couldn't even break the weekly high.

This is pathetic they really are going to destroy everything.

Im into stocks now but Im no expert by any means. I do have a question. Im watching stocks being extremely volatile this morning. Going a few percentages red to a few percentages green. Looks like its about to go red again. Is all this volatility because the Feds are pumping money into the market but its actually not working? Like it works for 10 minutes then it starts to tank again?

forgive my ignorance

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Pretty much, yes.

There's actually a meme that summarizes this rn

https://i.imgur.com/BzrfLPh.gif

645AR posted...

Pretty much, yes.

There's actually a meme that summarizes this rn

https://i.imgur.com/BzrfLPh.gif

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Implied Volatility killing VIX and options the last few days.

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known2FAIL posted...

Im into stocks now but Im no expert by any means. I do have a question. Im watching stocks being extremely volatile this morning. Going a few percentages red to a few percentages green. Looks like its about to go red again. Is all this volatility because the Feds are pumping money into the market but its actually not working? Like it works for 10 minutes then it starts to tank again?

forgive my ignorance

Essentially, yes.

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TVIX to 452

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I thought TVIX would be up today

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berlyman101 posted...

I thought TVIX would be up today

berlyman101 posted...

I thought TVIX would be up today

for real. though the market could still end low or go low tomorrow.

Is it worth it to go in on TVIX right now?

645AR posted...

The FED just tried to pump bitcoin three times and it couldn't even break the weekly high.

This is pathetic they really are going to destroy everything.

so is Bitcoin still going to $1k and is buying into Bear good or not

ToPoPO posted...

so is Bitcoin still going to $1k and is buying into Bear good or not

never go all in

but yes

I wouldn't. Volatility was at all time highs and now we have unlimited QE and a possible stimulus along with the markets stabilizing after an extremely steep and fast fall so I don't see volatility spiking much more.

I would say wait until Wednesday to open a position before economic data comes out.

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Government about to pass a trillion dollars stimulus I wouldn't go all in on TVIX but having some won't hurt.

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What brokers do you all use?

I've only been investing for about a year so I still have a lot to learn.

I understand the economy's quite expansive and there's a lot of interconnectivity at play.

But I don't understand why utilities are being hit hard, too. Seems like they are a pretty stable thing - people are always going to need static energy, be it at home or at a workplace.

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Everyone was trying to move into cash that's why everything was falling vs equity falling and treasuries rising

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ToPoPO posted...

What brokers do you all use?

I use Fidelity for my retirement account and Charles Schwab for my other investments.

A lot of brokers are now commission free so I would just go with one of the big names (Schwab, Vanguard, Fidelity, TD Ameritrade, Interactive Brokers, ect). I think a lot of newer investors use Robinhood since they like the app (phone) but Robinhood has crash a few times in the past couple of weeks due to high traffic and their customer service doesn't compare to the big brokers from what I heard. TD Ameritrade has my favorite desktop/pc app called Think or Swim which is great to use for day/swing trading if you learn how to use the tools.

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645AR posted...

The FED just tried to pump bitcoin three times and it couldn't even break the weekly high.

This is pathetic they really are going to destroy everything.

Why would the feds try to pump bitcoin? Do you have a source?

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TVIX plummeting

damn you people

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berlyman101 posted...

TVIX plummeting

damn you people

I should have sold when I got it 450, and it got to 490ish

Heres hoping for tomorrow

Got my Robinhood Cash Management account debit card >_>

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thoughts on a tivx rebound this week?

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What are the top 5 stocks to buy right now?

I'm looking into Carnival with the bailout coming, as well as American Airlines

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stocks can only go up from here, i'm all in

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AlephZero posted...

stocks can only go up from here, i'm all in

And thats how I feel but I don't wanna buy tomorrow and it drops more this week before going up lol

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1NfamousACE_2 posted...

What are the top 5 stocks to buy right now?

I'm looking into Carnival with the bailout coming, as well as American Airlines

Go for Royal Caribbean or Norwegian Cruises instead imo. Carnival traditionally has better dividend payouts but they're also a really shitty company overall.

Also no one else thinks the market's just gonna get worse?

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AlephZero posted...

stocks can only go up from here, i'm all in

Market will crash if Trump gets his way and ends the shutdown next week. The infection rate skyrocketing means overfilled hospitals and a hell of a lot of deaths.

Hexenherz posted...

Go for Royal Caribbean or Norwegian Cruises instead imo. Carnival traditionally has better dividend payouts but they're also a really shitty company overall.

I have some in Norwegian and its going up right now

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Royal is up 18.4% right now and I'm thinking if I should buy or wait until tomorrow to see if it drops a little more

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This might sound crazy but... would it be smart for someone who doesnt have a massive amount of money in the market to... get a loan and put that money into the Market on very safe stocks? This might be a really dumb idea. I dont know

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known2FAIL posted...

This might sound crazy but... would it be smart for someone who doesnt have a massive amount of money in the market to... get a loan and put that money into the Market on very safe stocks? This might be a really dumb idea. I dont know

Not a great idea at all - even "safe" stocks can take an unforeseeable amount of time to recover, and in the meantime they can become even worse. So you're putting someone else's money into something that could lose value and you might not be able to pay it back for a while. In the meantime, you're paying interest on the loan... Just safer to stay away from that. Invest what you feel comfortable investing with what cash you have on hand.

Ultimately, you don't need a "massive amount" of money to start investing and reaping the benefits from it. You just need some money that you feel comfortable not having available for a while - in this case it could be several months to upwards of a year. And that's just if you plan on doing the basic "buy low, sell high" scheme - there are plenty of relatively safe ETFs and companies that pay decent dividends at higher rates compared to a traditional bank savings account. Those dividends now might be lower given the current circumstances, but given time if the rates go back up it might not be bad.

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Here's the thing. If it was a good idea to take out a loan and buy lots of stocks, massive corporations would have done it already because the interest rates right now are rock bottom in an attempt to get exactly this kind of spending to happen. So ask yourself should someone with not enough money to safely invest take out loans at a much higher rate when the ultra-wealthy aren't willing to do that despite getting a way better deal and taking on much less risk? Does that sound like a good idea to you?

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Imagine taking out a loan just to buy a shit load of blue chip stocks. You do realize that this is money you have to pay back to the lender with interest right? And blue chip stocks don't suddenly skyrocket when the market bounces. Fear is stronger than greed and that's been proven in every recession we've had.

Also, why are people thinking about buying now? The market is closing in the negatives almost everyday for the past 4 weeks. If the markets tanking, then the stocks you're interested in is also likely tanking too.

known2FAIL posted...

This might sound crazy but... would it be smart for someone who doesnt have a massive amount of money in the market to... get a loan and put that money into the Market on very safe stocks? This might be a really dumb idea. I dont know

No, this is a terrible idea.

If you want to start putting a little money aside, I would just open an account with Fidelity and start putting a little cash into index funds/ETFs. There are plenty of funds with no minimum buy ins these days available through fidelity.

I would also take this opportunity to read a basic investment book or two. Imo a really good one is A Random Walk Down Wall Street. The explanations use fairly simple and easy to understand data, it gives you the background on some basic economic principles, and gives you a basic "how to start investing" guide. I wouldn't treat it as gospel, and there are other books that may give you better practical guides based on more or less the same principles tbh. But it is a great way to familiarize yourself with common investment terms and concepts and presents clear and easy to understand arguments for laymen. A good foundation for further reading, but if you don't plan to spend 10+ hours dedicated to investments every week it's basically as advanced as you need to go. Maybe even moreso.

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21WIVES_CHILL posted...

Also, why are people thinking about buying now? The market is closing in the negatives almost everyday for the past 4 weeks. If the markets tanking, then the stocks you're interested in is also likely tanking too.

Because no matter how many times you explain you don't know where the bottom is and that gains are much slower than losses, people somehow fear of missing out on the bottom and then rationalize their losses after the fact as a "long term investment". Bro if it's long term why not wait until it starts recovering? Because the bottom! There's nothing rational about it.

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Looking at the TVIX chart, can someone explain how it was worth millions back in 2011? Even back in 2015 it went up to like half a million.

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I figured it was a terrible idea. I was just throwing it out there just to get some thoughts

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EndOfDiscOne posted...

Looking at the TVIX chart, can someone explain how it was worth millions back in 2011? Even back in 2015 it went up to like half a million.

As I understand it, it's all adjusted to reflect stock splits / reverse splits, which drastically influences the reported value now.

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Looks like there's a rally!

Also, my first time being able to use Robinhood during a period of extreme acceleration like this and lol, they said they fixed the underlying engineering issues that caused the previous service outages but I'm on the website right now and nothing's loading.

edit: Seems to be just Firefox, Vivaldi is working fine :(

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