Investing

[gehringer_2]

5 minutes ago, Screwball said:

I won't waste time on charts, but WTI crude is, as I type, $104.95 the S&P (emini futures) are down a tad over 50. Back into the trading range from October of 25.

You can't walk into a room to negotiate - esp with Middle Eastern people, plop down a proposal, say take it or leave it, and expect anything positive to result. It just goes to show the depth of the ignorance of the people on our side about what they are doing. 1st rule, learn something about your enemy. 

[Screwball]

Our enemy is us, and has been since Moby **** was a minnow.

[RatkoVarda]

at some point, they will stop falling for it, but probably not today

 

[Deleterious]

Soy burgers on the grill this summer.

 

[Deleterious]

The SEC is officially changing the pattern day trader rule.  The minimum will drop from $25K to $2K.  I think I read the rule will go into effect after 45 days.

[Screwball]

3 hours ago, Deleterious said:

The SEC is officially changing the pattern day trader rule.  The minimum will drop from $25K to $2K.  I think I read the rule will go into effect after 45 days.

Interesting. There was (don't know if this changes) also a limit on the amount of trades in a certain period of time. So many trades in so many days.

There is also the agreement between these traders and their brokers and what they will give you for leverage, no matter what they call the account. Typical margin account stuff.

Personally, I think is nuts. The history of day traders going broke is long and wide - and they put up 25k to do so because you needed a margin account with some broker to do the trades. What a deal! This is just suckering in more fish to feed the pigmen of Wall Street and the whores they own.

[Deleterious]

17 minutes ago, Screwball said:

Interesting. There was (don't know if this changes) also a limit on the amount of trades in a certain period of time. So many trades in so many days.

There is also the agreement between these traders and their brokers and what they will give you for leverage, no matter what they call the account. Typical margin account stuff.

Personally, I think is nuts. The history of day traders going broke is long and wide - and they put up 25k to do so because you needed a margin account with some broker to do the trades. What a deal! This is just suckering in more fish to feed the pigmen of Wall Street and the whores they own.

It will also allow the scumbags on Youtube to sell more day trading courses.  The, "I made $20 million day trading last year, but I'm going to waste time selling you a training course for $300" people.  

[Screwball]

10 minutes ago, Deleterious said:

It will also allow the scumbags on Youtube to sell more day trading courses.  The, "I made $20 million day trading last year, but I'm going to waste time selling you a training course for $300" people.  

Back in the late 2000s era, the Najarian brothers sold stuff teaching you how to play the option trades. Pete was on CNBC at 5 each night for the show "Fast Money" I think it was. They were both good football players too. Wild ****. And of course CNBC, also known as Bubblevison, still has - Jim Cramer.

I won't say you can't make money being a day trader, but you are probably more lucky than good if you do. I played golf with a guy who worked for a cable company and told me how they ran a T1 line to some guys house just so he could day trade. That's nuts. Might have worked, who knows. I'm sure the T1 line did, not sure about the trades. 🙂

 

[Deleterious]

This is stupid.

Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 700%

They don't even have hardware.  Pretty much every chip, card, and drive manufactured for the next 12-18 months is already spoken for.  But a company that made shoes yesterday gets a 700% bump just by announcing they are switching to AI.  

Quote

“The Company will initially seek to acquire high-performance, low-latency AI compute hardware and provide access under long-term lease arrangements, meeting customer demand that spot markets and hyperscalers are unable to reliably service,” the company said in the announcement.

 

[gehringer_2]

18 hours ago, Screwball said:

Back in the late 2000s era, the Najarian brothers sold stuff teaching you how to play the option trades. Pete was on CNBC at 5 each night for the show "Fast Money" I think it was. They were both good football players too. Wild ****. And of course CNBC, also known as Bubblevison, still has - Jim Cramer.

I won't say you can't make money being a day trader, but you are probably more lucky than good if you do. I played golf with a guy who worked for a cable company and told me how they ran a T1 line to some guys house just so he could day trade. That's nuts. Might have worked, who knows. I'm sure the T1 line did, not sure about the trades. 🙂

 

True story - I got a job replacing a guy who had quit to day trade. It was small field and everyone in the biz knew of everyone else at maybe a max of 3 degrees of separation. Anyway, it was maybe 3 years later we heard he was back working for a living in a similar gig for one of our competitors.