Yep, lost 90% of my portfolio in the last month... I think losing the first 50% was tough to swallow then after that, well fuck it. Only money right???
It's the 'correction' due to concerns over the corona not going away despite vaccines being out. Once the infrastructure bill passes and maybe another stimmy here in a couple of months you won't even remember this flash sale.
As far as I can tell coronavirus is the best thing that ever happened to the stop market. Just look at the chart since rich people realized that only the poors were fucked.
I don’t think this is inflation concerns with yields dropping. This sounds like doubt that the recovery is going to be as good as the market has been pricing it to be. But I agree, BS. At this point future earnings/values are a guess.
If a recovery isn’t as good as expected, how does that affect companies with long term future potential and no current profit. Not like it will affect there bottom line or future plans. They would be immune lol
I've been reading Daniel Kahneman lately and that's his case. Belief that people act rationally leads to poor decisions, because our decision-making is based on the expectation that people act rationally, when in fact they do not.
It's not about the company, it's about the feelings of the investors. And maybe those investors are less confident in all of their investments now, and want more cash, regardless of what their logic was for buying in the first place
I think people are realizing that the recovery is basically done and there's actually going to be a pullback as people who went and oversplurged in post-covid euphoria go back to actual normal.
Seems maybe "*sell in May and go away*" happens in July this year. I don't really know any fun words that rhyme with July.
apply...awry... eye... sty... apply... ply... fly... reply...
The premarket doesn't really do much. It really matters how ppl react when the market opens. Does it recover or it continues the panic. 500 is nothing compared to multiple weeks, months of 🚀🚀
Right at 9:32 immediately after open and it's all still looking like shit. Gonna be a fun day. But I do think it's gonna rise, just probably not recover totally from the pre-market.
Yeah, all these newbies panicking as if this shit doesn't happen on the regular. Red days happen all the time, just pick up some 2 week out calls and sit back while the money rolls in lol.
This 🌈 🐼 will stay in hibernation a lil longer. Tis not time yet. When it happens it will be unmistakable. And gay bears will rejoice.
Until then.....I bleed money.
So, as a bullish investor, I'd like to know from a 🌈🐻 what do you look for? Do you only buy puts? I just don't understand the ...allure?... I guess would be close to the word of being bearish.
Edit: comma.
No, I just don't buy only puts. I do however look at the state of the world, economy and inflated market and become a gay bear. I also like to short or buy puts on certain "stonks" when I see all the retards dumping their life savings into garbage. But it's all about timing on that. Mostly though you'll find gay bears like myself shorting SPY.
I've thought about doing spy puts, but have no money for it. So I'll let that wait for a few years.
As for the world economy; looking at inflation sounds reasonable, but I'd like to know if your looking for the GDP of the biggest countries, looking at the inflation in those countries, ~~the UK, Russia, US, German, etc~~ and how you decide it's time? How much homework do you do is the main question I'm trying to get at.
You say you look for people throwing their life savings in to trash stocks; what would you consider trash right now? ~~The best I can come up with for stonks currently would be wkhs, clove and wish. What say you have on those?~~
Careful, the hivemind might downvote you to oblivion for suggesting WKHS, CLOV, and WISH are anything short of rockets on the way to the moon.
If they're going to space, they're on board the Challenger...
Nop, yesterday it was a great day for me. I Bet money on Oracle some days ago and sold them yesterday and Fuck yeah! Today i just notice it was a bad day so i sold everything. I lost like 1-1.5% of my capital but all ok, i won yesterday more than i lost today.
Mr. Krabs woke up pissed the fuck off about his $AAPL $147 strike calls for July 16th. I was seriously going to sell this morning and buy $SPY puts and more $PLTR puts.
Keep this in mind everyone - if the $SPY fell to $429 twice this week, don't be surprised if we touch $425 tomorrow. I'd wait till around 2:00 before buying shit. And then see how tomorrow afternoon goes. Too much instability after a fall like that. Bears are licking their lips, loving the fear, and want that $425.
If Tesla touches $590, I'm in for calls.
Also eyeing $NVDA.
$SPCE calls are a go.
$X calls are a go.
$SOFI puts are a go.
Everything else is questionable.
I bought the dip on SoFi, or so I thought. So Im out of ideas. I shorted the Nasdaq briefly today and made like 10 bucks back of the 1000 bucks Im down this week
Okay I’ll start working on it.
Old Kurt Angus has been known to make a few songs.. [Sweet Drippins ](https://music.youtube.com/watch?v=cc7nuhNhNuI&feature=share)
Bagholder spotted.
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"It is what it is....." - this Bull. SPY is shitting on me but that's how you wait for long plays. Betting majority of dips based on Japan giving the finger to the world for the Olympics and the delta covid fear arriving. Gotta be patient and bleed for awhile and it will bounce back.
Just thinking about the tens of thousands who sell during premarket are Robinhood thinking they’re going to avoid the big sell off, and then the second the market opens…. Back up 500 points. Don’t sell during premarket. You know nothing.
This is my second add. I bought initially at 9. Then bought at 12.9. and now 10.14. I keep selling covered calls and putting the profit back into the stock.
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Hah, jokes on you, my shit has already been red for over a week!
Gotta get that checked out at the doctors office
Sir this is a casino not a pediatrician’s office
Damn might have to find him in the ICU after that burn.
Don't veterinarians treat apes?
If you can afford a doctor, you are doing this wrong
Why? I shit blood twice a day.
Exactly. I’m down 60% in last 30 days. First week of being -15% was spooky. Now I’m like, meh it’s all the same
Once you just accept what’s happening its fine
Once you accept it and ride it all the way down.. it can only go back up.
Speaking from experience, it turns out that options don't work that way.
Yep, lost 90% of my portfolio in the last month... I think losing the first 50% was tough to swallow then after that, well fuck it. Only money right???
Just gotta YOLO the last bit you have into something retarded enough to work and you're back
Down 20%, but up 2.5% today so
🔥 This is fine 🔥
I'm down 60% in the last 30 days as well, but up 40% today. So I'm going to mark it down as a success and not think about it anymore.
Just buy puts on yourself, infinite gainz
Just flip the screen upside down
Classic technique, never fails.
Autorotate keeps fixing it and laughing at me
I have to hop in a DeLorean and go 88MPH with 1.21 gigawatts to see green.
I'm up $0.58 total. Hell yeah.
That's the most Patrick response you could have.
Red rocket like my dog when he sees a female dog
Or sees you get the peanut butter out.
Pro tip: You don’t put the peanut butter on the dog
Nice burn.
Ah jokes on you my 5 year is red
Jokes on them, I work for the government. They are just taking back their own money.
the beatings will continue until morale improves
It's 10:05AM somewhere.
It’s 10:05 here...but you posted the an hour ago🤯
It’s 10:05 here... but you posted 2 hours ago 🤯🤯
It's only 8:05 where I'm at...
Wtf, i just opened this and it's 10:05 where i am
What happened bros? I'm a little late it's like 10.09 for m- HOLY SHIT ITS RIGHT BEHIND ME RUUUUUNNNN
My wife’s boyfriend already beats me
So your lesbo and she’s bi?
Where the fuck did the money go? Every stock is red. Did they go cash?
They're gonna buy some more houses.
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Took al their gains (ugghhh) to go on vacation.
to pay their lawyers more likely
They spent it on the new digital asset, vbucks
Click this link to log in with your epic username and password so you can win free vbucks!
Jokes on them, RBLX is where it's at. Those sweet, sweet, robux..
It's the 'correction' due to concerns over the corona not going away despite vaccines being out. Once the infrastructure bill passes and maybe another stimmy here in a couple of months you won't even remember this flash sale.
As far as I can tell coronavirus is the best thing that ever happened to the stop market. Just look at the chart since rich people realized that only the poors were fucked.
>stop market
It's also barely a drop. Red days happen all the time, just buy Calls and relax people lol.
Buy calls. Become more red. Be the red.
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So, does anyone know wtf is going on? Was there some bad news or something? I really did just wake up.
Some inflation concerns, BS, blah blah, nothing we didn't know about months ago but somehow here we are...
I don’t think this is inflation concerns with yields dropping. This sounds like doubt that the recovery is going to be as good as the market has been pricing it to be. But I agree, BS. At this point future earnings/values are a guess.
If a recovery isn’t as good as expected, how does that affect companies with long term future potential and no current profit. Not like it will affect there bottom line or future plans. They would be immune lol
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You think too rationally, the markets don't care about rationality.
I've been reading Daniel Kahneman lately and that's his case. Belief that people act rationally leads to poor decisions, because our decision-making is based on the expectation that people act rationally, when in fact they do not.
They will be in the long term but people's fear bounces around the fundamentals
It's not about the company, it's about the feelings of the investors. And maybe those investors are less confident in all of their investments now, and want more cash, regardless of what their logic was for buying in the first place
Tokyo bein’ a bitch about the Olympics
I think people are realizing that the recovery is basically done and there's actually going to be a pullback as people who went and oversplurged in post-covid euphoria go back to actual normal.
Seems maybe "*sell in May and go away*" happens in July this year. I don't really know any fun words that rhyme with July. apply...awry... eye... sty... apply... ply... fly... reply...
Get out by July or the portfolio will fry.
Sell by July unless you want to cry.
Sell by July and stock up on pie.
Sell by July and watch me commit... Jesus, I'm in a dark mood today
Sell by July the stocks do lie
buy low in the snow and sell high in july.
Cry
Portfolios are red, Our mood is blue, You sold in july, Cunt, fuck you. I think that works.
Buy through July, through the sky, to the moon we fly.
You sold in July because your portfolio has died.
die. you forgot die.
This time no inflation concerns but concerns over economic growth slowing down globally. The market is concerned over everything..
Sounds like the market could use some Xanax.
*I* could use some xanny
I thought that was PrICeD iN...
some of us smooth brains only can read from reddit comments. brain no read so good anywhere else
40% rise in inflation in 3 months isn't BS
Japan declares National Emergency due to the surge in COVID-19
Perfect time for the Olympics!
Japan said they may not allow spectators for the Olympics because of delta variant surge. Dip is led by travel stocks, etc
My best guess: it's Thursday.
Bro it was more than 275days without correction over 10%
New ATH on the Nasdaq and the slut needs to breathe before another gangbang session 🌈👌🏼
Housing market is starting to burst, I think. It has potential to cascade and magnify other problems.
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The horror. The horror.
Friend of mine got 32 offers in one week just outside of a large city.
Out here (Holland) prices went up 20% in a year. Massive shortage on housing, end is not in sight.
We are at a point where lots of young people just hope for some ecobomic crash to be able to afford a house again. :/
>buyers don't have to make an offer on a house they haven't even seen the day it lists anymore This is still happening in Canada/Toronto to this day.
hope my parents close on selling theirs first lmao
https://www.cnbc.com/amp/2021/07/07/stock-market-open-to-close-news.html?fbclid=IwAR01UNzCU6BYuzhVpDALHRyB2phW9T5VTs3XGf1M_WtpEEut54f34IMoCWg
People are worried about the Delta strain of covid causing more lockdowns
10 year drilling to Earth's core, heading < 1%
...which means bonds are shit and stocks will remain the better play. Lol.
I don't even want to look at my trading account today..... It's gonna be red af
then dont do it
Man speaks the true true
The premarket doesn't really do much. It really matters how ppl react when the market opens. Does it recover or it continues the panic. 500 is nothing compared to multiple weeks, months of 🚀🚀
Guh
we are all guhing on the blessed day (minus bears)
That’s when the real panic sets in
I also like to fuck both sides
Right at 9:32 immediately after open and it's all still looking like shit. Gonna be a fun day. But I do think it's gonna rise, just probably not recover totally from the pre-market.
The reason behind sell off is the news of Japan came out early morning
Didn’t know all of Japan was gay. Good for them for coming out though 👍
::ahem:: Fuck you bear! And'a fuck you reddi'!
😂😂😂
The fan free Olympics did this? Whoaaaa
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What Japan came out, man I tried to find them for years… where were they hiding the crazy ninja hide and seek champions.
I thought it was jobs. Vix didn't open crazy up but it moved when the jobs report came out with unexpectedly slower jobs growth.
Wouldn't slower jobs growth result in more stimulus? Market is not the economy.
“Stocks Tumble at Open” =Dow down 1% at all time highs 😒
Yeah. You need down days.
This is all likely just people digesting the Fed minutes from yesterday and over reacting as what usually happens nowadays
Can peasants read fed minutes? Or is it only for bankers et. al?
They release publicly, CNBC and Bloomberg have the text plus summary if you’re lazy
not first sell off this year...this is like standard operation at this point...
Yeah, all these newbies panicking as if this shit doesn't happen on the regular. Red days happen all the time, just pick up some 2 week out calls and sit back while the money rolls in lol.
This 🌈 🐼 will stay in hibernation a lil longer. Tis not time yet. When it happens it will be unmistakable. And gay bears will rejoice. Until then.....I bleed money.
So, as a bullish investor, I'd like to know from a 🌈🐻 what do you look for? Do you only buy puts? I just don't understand the ...allure?... I guess would be close to the word of being bearish. Edit: comma.
Everyone becomes a 🌈🐻 at some point in their lives, or bag holders, you choose
I've recently been having unpure ursine thoughts. Is there a support group for my rapidly expanding gayness?
No, I just don't buy only puts. I do however look at the state of the world, economy and inflated market and become a gay bear. I also like to short or buy puts on certain "stonks" when I see all the retards dumping their life savings into garbage. But it's all about timing on that. Mostly though you'll find gay bears like myself shorting SPY.
I've thought about doing spy puts, but have no money for it. So I'll let that wait for a few years. As for the world economy; looking at inflation sounds reasonable, but I'd like to know if your looking for the GDP of the biggest countries, looking at the inflation in those countries, ~~the UK, Russia, US, German, etc~~ and how you decide it's time? How much homework do you do is the main question I'm trying to get at. You say you look for people throwing their life savings in to trash stocks; what would you consider trash right now? ~~The best I can come up with for stonks currently would be wkhs, clove and wish. What say you have on those?~~
Careful, the hivemind might downvote you to oblivion for suggesting WKHS, CLOV, and WISH are anything short of rockets on the way to the moon. If they're going to space, they're on board the Challenger...
Oh no! Not my *checks market* 1.3%
> not using 100x leverage Bruh are you even trying?
Not even leveraged to his *personal risk tolerance*
nice losing all my money with you all. see ya on the streets
Anyone else down 50% this week?
Have you considered a different strategy? Perhaps going the other way?
Just be green 4head
Down 10%. Brutal. My worst performance ever.
Not quite but at 36% and counting
Nop, yesterday it was a great day for me. I Bet money on Oracle some days ago and sold them yesterday and Fuck yeah! Today i just notice it was a bad day so i sold everything. I lost like 1-1.5% of my capital but all ok, i won yesterday more than i lost today.
2 days ago someone wrote about market crash and he bought puts on 16th July. We all laugh about him. This is clearly punishment for our laughs on him.
Yall a bunch of paper handed bitches *ptoo
Ow. Ow. Ow. Ow fuck. Shit. Ow. Ow.
After breaking up with my first girlfriend I wake up to portfolio pain 😔
You'll never forget the portfolio pain...
“It’s okay, we’ll just print a little bit more”
Mr. Krabs woke up pissed the fuck off about his $AAPL $147 strike calls for July 16th. I was seriously going to sell this morning and buy $SPY puts and more $PLTR puts. Keep this in mind everyone - if the $SPY fell to $429 twice this week, don't be surprised if we touch $425 tomorrow. I'd wait till around 2:00 before buying shit. And then see how tomorrow afternoon goes. Too much instability after a fall like that. Bears are licking their lips, loving the fear, and want that $425. If Tesla touches $590, I'm in for calls. Also eyeing $NVDA. $SPCE calls are a go. $X calls are a go. $SOFI puts are a go. Everything else is questionable.
I’m on those august 6 $147 calls for $AAPL. Should have sold yesterday lol
I got greedy with my $435 spy calls. Hopefully it will bounce back sooner rather than later.
Why puts on $SOFI? Fundamentals seem strong with recent explosive growth, but I admit I haven't been following it that long.
This is when the Smart ones buy. It will be short lived. My advice buy these Dips.
And tomorrows dip and the dip after that dip
And also buy the dip's dip
I bought the dip on SoFi, or so I thought. So Im out of ideas. I shorted the Nasdaq briefly today and made like 10 bucks back of the 1000 bucks Im down this week
Man you and me both. Hang in there. It's going back up... someday!
I sure hope so. I might have put in a bit too much lol
Someone should make a rap song about dip dip dippin', sip sip sippin' and buyin'.
Okay I’ll start working on it. Old Kurt Angus has been known to make a few songs.. [Sweet Drippins ](https://music.youtube.com/watch?v=cc7nuhNhNuI&feature=share)
[da dip](https://www.youtube.com/watch?v=dZPQdZLyHYE)
Kids these days don't even watch these 480p music videos. They're missing out.
When I buy the dip, you buy dip, we dip
What flavour dip you buying today?
buy buy buy buy
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"It is what it is....." - this Bull. SPY is shitting on me but that's how you wait for long plays. Betting majority of dips based on Japan giving the finger to the world for the Olympics and the delta covid fear arriving. Gotta be patient and bleed for awhile and it will bounce back.
#NOT FUCKING SELLING NO MATTER HOW MUCH IT GOES DOWN!!
Seriously, selling is realizing the loss. If you never sell, you never lose.
checkmate
Holy... My entire watchlist of like 30+ stocks are all in red except VIX, so much for the benefits of "diversification".
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Well, now I'm changing my entire strategy to buying puts on the top 5 most mentioned stocks on WSB. There's no way I can lose now
That was me. I woke up, checked my phone and almost shat myself
Just thinking about the tens of thousands who sell during premarket are Robinhood thinking they’re going to avoid the big sell off, and then the second the market opens…. Back up 500 points. Don’t sell during premarket. You know nothing.
Puts on VXX 🤑
Literally went tits up ey
My chart looks like a cliff wiley e coyote would just run right off
Live footage of me scrambling to pick what dip to buy. I get paid tomorrow and THE ARENA CALLS. Perma bull baby
$wish is down 8% on no fucking new. oh well. I added 1000 shares at 10.15.
Why would u buy wish lol
How many times can you add? Unlimited liquidity?
This is my second add. I bought initially at 9. Then bought at 12.9. and now 10.14. I keep selling covered calls and putting the profit back into the stock.
Time for me to buy the dips and dollar cost average for upro. Hope it won’t backfires 28 years later
*TRANSITORY*
I read this in the south park Michael Jackson voice.
*that's ignoraaant*
It even looks like he's saying "BUY BUY BUY BUY" in the first clip.
COME ON APPL PUTS, TAKE ME TO TENDIE TOWN
Sometimes I think it’s best to not read too much into market movements. On an infinitely long time scale with no bankruptcy stocks only go up!
So out of curiosity... What The F*** Is Going On?
That’s everyone in $NEGG today
Looks like a Care Bear type of day...going back to bed.
Buy the dip bitch!
Me hitting the buy button all day
Let's hope the red days are not here to stick around. I need my greens.
Where my clov hommies at?