Liberal Forum

LowIQTrash » 04 Apr 2024, 11:52 pm » wrote: ↑

04 Apr 2024, 11:52 pm

Bad enough to go back to work...but not so bad as to instigate a divorce? Can't be that abysmal...  

This was one of the tickers I discussed when we had this convo ~2.5 weeks ago, it was around $5.60, now at $7.50

https://finance.yahoo.com/quote/AG/

My only regret is not buying even more calls...(sigh)

And I have no intention of stopping at ~100% gains, I will get more. As I told "perennial question asker" R. Suave, the REAL fireworks of this show haven't even begun yet - when the stock market crashes. 

Nice, I have been following along.
SLV and PAAS have also had nice moves to the upside in the short term.

You had mentioned Puts on the S&P and Russell, curious how far out those contracts are(or thinking about).
Came across an article recently where the "expert" was calling 6000 for the S&P by years end.
 

Where did this banking crisis go?

Havent heard anything bout it.

When is this going to happen.


Please tell us nosterdumbass 

Are banks in trouble 2024?
2024 in Brief

There are no bank failures in 2024. See detailed descriptions below. For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.
https://www.fdic.gov › bfb2024
Bank Failures in Brief - 2024 - FDIC

LowIQTrash » 16 Mar 2024, 10:34 am » wrote: ↑

16 Mar 2024, 10:34 am

 

Is this the same people that said we were going to see a depression this year?

Bidencrimefamily » 05 Apr 2024, 1:40 pm » wrote: ↑

05 Apr 2024, 1:40 pm

Is this the same people that said we were going to see a depression this year?

Every depression follows loss of faith in leaderships promising better tomorrows than history delivered today.

Is this the same idiot that said 2024 would see a great depression.

I bet it's those gold and silver dealers wanting a pay day I'm betting.

Fuelman » 05 Apr 2024, 1:17 pm » wrote: ↑

05 Apr 2024, 1:17 pm

  You wouldn't be the first person to consider getting a loan to fund a trading account! It's not easy to find that "extra cash". I had worked for a grocery chain in the mid 90's for a couple of years that was set up as an ESOP. I was only vested 20%, 5-6 years later they sold out and did well enough to make anyone who participated 100% vested. That was my seed money.
 
On the leveraging, why screw around, my short term career trading started with Commodity Options.

Something CP stated the other day:

"Capitalism has turned the US into a country where the working man is under-served, over-taxed, and barred from rising unless he is an absolutely driven, inexhaustible, extremely lucky, and perspicacious fellow. And it has highly-contributing professionals, who studied and prepared and sacrificed, struggling to maintain a middle class lifestyle unless both partners work."

So, there's your template, emphasis on the extremely lucky part. 
My luck started when the second time around I married up(2004). The wife is a high school drop out with a Masters Degree and low maintenance to boot. It would be a different world had that not happened.

Interesting array of topics.

In 2021 I ran into a fellow who worked for an employee owned company. He said he knew someone who began in the 1990s as a cashier + stocker. 30-35 yrs later she had $6M-7M NW - promoted 3-4 times I reckon.

Not bad. Even many white collar workers will not make $6M in gross income after 30 yrs, let alone $6M in NW. 

Of course, opportunities like the one she took adv of are dwindling by the decade. 15 yrs from now I would wager 50% of the so called middle class as of today will be reduced to being paupers, thanks to the “usual suspects.”

Yes, luck plays a big factor. Law of Large Numbers can negate a huge portion but still…
 

Fuelman » 05 Apr 2024, 1:28 pm » wrote: ↑

05 Apr 2024, 1:28 pm

Nice, I have been following along.
SLV and PAAS have also had nice moves to the upside in the short term.

You had mentioned Puts on the S&P and Russell, curious how far out those contracts are(or thinking about).
Came across an article recently where the "expert" was calling 6000 for the S&P by years end.

I have not entered in a short position. Actually that’s not entirely true - when I have my eye on a ticker I do a “canary in the coal mine” trade. 

So I do have a short position…a grand total of 1 put option currently.

Let’s say a stock is trading at $100. I know it will drop like a hammer, but not entirely sure when. If my prediction is that it will top out at $110 or $115, I will initiate a minimal (often just 1 option) and once it gets closer and closer, I start piling in. 

If the SP hits 5400 (unlikely, it might top sooner) then I would bet the car, house, and wife / kids…proverbially speaking. Now is not the time since it’s still hovering at 5200 and has some room higher. 5300 seems like a reasonable starting point. 

Things are going to get ugly…real fast. The only thing is that option expiry dates should never be shorter than 6 months…closer to 12 safer.


 

LowIQTrash » 05 Apr 2024, 2:51 pm » wrote: ↑

05 Apr 2024, 2:51 pm

I have not entered in a short position. Actually that’s not entirely true - when I have my eye on a ticker I do a “canary in the coal mine” trade. 

So I do have a short position…a grand total of 1 put option currently.

Let’s say a stock is trading at $100. I know it will drop like a hammer, but not entirely sure when. If my prediction is that it will top out at $110 or $115, I will initiate a minimal (often just 1 option) and once it gets closer and closer, I start piling in. 

If the SP hits 5400 (unlikely, it might top sooner) then I would bet the car, house, and wife / kids…proverbially speaking. Now is not the time since it’s still hovering at 5200 and has some room higher. 5300 seems like a reasonable starting point. 

Things are going to get ugly…real fast. The only thing is that option expiry dates should never be shorter than 6 months…closer to 12 safer.

Is this the gold and silver people or retirement specialist predicting a collapse. 

Its funny. They sell alot of gold and silver and retirement **** off of predicting doom. 
 

Fuelman » 05 Apr 2024, 1:17 pm » wrote: ↑

05 Apr 2024, 1:17 pm

  You wouldn't be the first person to consider getting a loan to fund a trading account! It's not easy to find that "extra cash". I had worked for a grocery chain in the mid 90's for a couple of years that was set up as an ESOP. I was only vested 20%, 5-6 years later they sold out and did well enough to make anyone who participated 100% vested. That was my seed money.
 
On the leveraging, why screw around, my short term career trading started with Commodity Options.

Something CP stated the other day:

"Capitalism has turned the US into a country where the working man is under-served, over-taxed, and barred from rising unless he is an absolutely driven, inexhaustible, extremely lucky, and perspicacious fellow. And it has highly-contributing professionals, who studied and prepared and sacrificed, struggling to maintain a middle class lifestyle unless both partners work."

So, there's your template, emphasis on the extremely lucky part. 
My luck started when the second time around I married up(2004). The wife is a high school drop out with a Masters Degree and low maintenance to boot. It would be a different world had that not happened.

Still waiting for that luck...              

SLV's looking pretty dismal recently and I expect one more flush down before it goes into parabolic mode. I'm not holding calls right now (I actually sold them a while back) since theta is a bitch. 

soon comes the bank failures. own your home?  so no need for 30% of money. have home furnishings, car, tools, cloths and lots of junk. no need for 10% of money. grow your own food? no need for another 30% of money. now you are under the number for filling tax returns. wow! what to do with all that 30% of disposable discretionary money? oh!!!!!!!!!!! all those property taxes. ouch...... the bastards created property taxes to make you work. and when you work the make more money, you then pay income taxes. and buy a good car to get to work. plus gas. no time for the garden. you must buy food. work overtime. and pay more income taxes. so you go to the bank and mortgage your home. take three jobs to pay bank. and use high interest credit card to buy gas. wow. what a government.

LowIQTrash » 16 Mar 2024, 10:34 am » wrote: ↑

16 Mar 2024, 10:34 am

 

Like under Reagan and Bush jr?

And then there were all the banks holding $4+TRILLION in US bonds (government debt) drawing less that 2% interest. When interest rates started climbing, the value of those bonds fell leaving banks with some $650 BILLION in unrealized losses.
 

Bidencrimefamily » 28 Jul 2024, 6:30 pm » wrote: ↑

28 Jul 2024, 6:30 pm

Like under Reagan and Bush jr?

Don’t worry, Trumpy will take the blame when it comes since Cameltoe Harris is losing the election.

what happens when the inspectors find drugs? the inspectors keep the drugs, and pass you real fast. if you have no drugs, the inspectors give you a bad time.

walkingstick » 28 Jul 2024, 6:23 pm » wrote: ↑

28 Jul 2024, 6:23 pm

soon comes the bank failures. own your home?  so no need for 30% of money. have home furnishings, car, tools, cloths and lots of junk. no need for 10% of money. grow your own food? no need for another 30% of money. now you are under the number for filling tax returns. wow! what to do with all that 30% of disposable discretionary money? oh!!!!!!!!!!! all those property taxes. ouch...... the bastards created property taxes to make you work. and when you work the make more money, you then pay income taxes. and buy a good car to get to work. plus gas. no time for the garden. you must buy food. work overtime. and pay more income taxes. so you go to the bank and mortgage your home. take three jobs to pay bank. and use high interest credit card to buy gas. wow. what a government.

Corruption costs how people lived into current events pretending nobody knew realities aren't completely honest about time spent adapting as displaced uniquely alive today noon to midnight to pave a better tomorrow midnight to noon Relative Time Semantics vs Estimated Time Alive.

the greatest Irony I learned in life is that the earth completes its rotation in 23 hours 56 minutes, and 56 seconds a rotation and facts cover up humans cheat natural time displaced since conceived by only considering time alive birth to dead, not the entire cycle living eternally separated conceived to decomposed.

Every rotation is inaccurate by 3 minutes and 4 seconds intellectually added by clocks and calendars charting events so far used against each ancestor replacing their previous 4 generation chromosome's donors that sustain eternal separation of current population of every lifetime in each ancestral lineage present.

I remember you posting you were 95 years old since day of birth. Your eternal intellectual soul didn't arrive until you were ancestrally completely indoctrinated about evolution theory and creationism of life cannot be limited to eternally separated today.