I've lost $650 in the stock market. Beyond all the money

>>1201428
Yep.
At least until you figure out what the fuck you're doing.
Trying to master that shit on a shoestring budget is pointless. There are people who've been at it years still losing money, do you really have the financial reserves to not work and/or lose money for who knows how long?

>>1201428
its gambling unless you follow index investing and event then crashes happen. the number one sources for increasing your money is a job, shit make bird houses on the side and sell them.

>>1201428
I know the feel. I've likely lost more time/money trying to make more money.

>>1201428
>working and saving money
>nothing in the market
>waiting for market crash
>buy S&P

>>1201486
>nothing in the market
Nah nigga, corporate bonds. Otherwise yeah, solid plan.

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Oh no, not $650! How will you ever recover?

>>1201526

What are some decent bonds?

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>>1201428
>I've lost $650 in the stock market. Beyond all the money I've lost, the opportunity cost of sitting here watching the market all day is fucking me. I want to come out of the hole, but I just keep sinking deeper. Should I quit?
>>1201428
Were on the same boat :/
I have $90 more in losses because I shorted RIG at 9.60 covered at 9.75

I've lost 50 times that in a single day. So if you can't handle a $650 loss, it means you're too risk averse for stocks. Nothing wrong with that. Stocks aren't for everbody. Look at high rated bonds or just keep a savings account.

>>1201596
>I've lost 50 times that in a single day. So if you can't handle a $650 loss, it means you're too risk averse for stocks. Nothing wrong with that. Stocks aren't for everbody. Look at high rated bonds or just keep a savings account.
Nearly An heroed when MCP now MCPIQ filed for bankruptcy and I was balls deep.

>>1201601
Dude, you don't have the stomach for this. Just put your money in a safe bond portfolio or something and forget about it. The stress just seems like too much for you right now.

>>1201608
I'm of course highly exaggerating. Kek, I've blown more at casinos .. it's just that casinos pay.. the market hasn't been too good. Also I'm not OP

If $650 loss is a problem, don't play stocks. Put your money in a mutual fund or something and keep contributing till you get 10 grand or so then come back. Meanehile boost your investing /business knowledge

she's got nice f-feet

>active investing

just fucking put it in some long etf's and you never have to check anything retard

>>1201428
HOW THE FUCK ARE YOU LOSING MONEY!?

Everything is up. You need to realize that you are gambling; not investing.

Are you buying iShares Ultra Short ETMs? 3x Bear ETNs? What the fuck are you doing?

Go check out the B12 trader on YouTube. Do not even look at stocks for more than half an hour a day.

>>1201530
Post of the day

Lol I've lost about 6000 of my original 35000

>>1201428
If you don't know what your doing, you shouldn't be actively investing.

But fuck it, it's your money.

>>1201428

Why would you watch the market all day? Just put your money in an index fund that reliably has good returns over the long term and has low fees.

>>1201428
AKA I'm a whiny bitch please rape my face.

>>1201468
>its gambling unless you follow index investing
/thread

>>1201428
I lost $8000 in a day

dont feel bad

>>1202251
>dont feel bad
Right?
I took a 4K hit last week.

>>1201428
STOP
DAYTRADING

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>>1201601
>Nearly An heroed when MCP now MCPIQ filed for bankruptcy and I was balls deep.
hey, how the bankruptcy works? I've bought 17k of shares at $0.38 and when they filled for bankruptcy later the price went down to $0.01. Now it's $0.03 but I'm not sure what to expect. Will all those shares just disappear as soon as the bankruptcy thing will be finished in the court or I'll get some money automatically?
I just don't want to sell it for peanuts because I'll need to pay brokerage fees that will be higher that those shares are worth now.

>>1201436
I mean /biz/ is full of Neets and 20 somethings, pretty much the ideal group to learn this shit and not work kek.

People here give up too easily to be successful on the market though. It's like they think losses aren't part of the learning process.

>>1202369
>give up too easily
It's because most go in thinking that you just need to find shortcuts to win. When the tips from other idiots and articles in Money magazine don't result in a goldmine, they tend to get discouraged. It's like they watched the Robin Hood thread and believe the "stock market" runs on what some neckbeard in his basement thinks.

>they think losses aren't part of the learning process
Sometimes they are, but if they're making decisions based on "tips", the string of "educational" losses won't stop until they're broke.

>>1201428
If you can't tolerate risk, get out and do something safer.

My brokerage account balance goes up and down $12K ever single day just on volatility.

It's all a matter of perspective. But yeah, stop day trading. You can't win.

Anyone?
>>1202346

>lost $650

it's honestly not that huge of an amount anyways.
I've got a few DRIPs going and hold for long term
Price swings of thousands of dollars don't faze me, eventually through dividends my losses will be neutralized and I will have more shares than I started with.

Maybe day trading just isn't for you, maybe you should quit before you get yourself into a hole you wont be able to get out of.

>>1202971
It depends on what happens in bankruptcy court. It's possible, but highly unlikely, that the company somehow survives and the shareholders don't get utterly wiped out. In that case, you can either sell the share or hang on to them.

If, on the other hand, the shareholders are destroyed (either liquidation of the company or a recapitalization) your shares become worthless and that's it.

For the number of shares you have, it's still worth almost $1,000. You have to decide if bankruptcy will wipe out the shareholders, which case you should sell while you still can, or if the company will somehow manage to save the shareholders, in which case it's probably better to hang on and wait for a better selling price.

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>>1202989
>For the number of shares you have, it's still worth almost $1,000
But it's not. I already lost ~$6k on it and it's worth $569 now. However I just checked and the commission for selling this shit will be only $10, way less than I paid for the purchase

>>1202346
>>1203007
No, no, no
Chapter 11 is restructuring
Chapter 7 is you're fucked.

I stopped following that bs company but know they filed 11

>>1203020
>>>1202346
>>>1203007
>No, no, no
>Chapter 11 is restructuring
>Chapter 7 is you're fucked.
>I stopped following that bs company but know they filed 11
They have mcpiQ notice the Q at the ticker they might issue new shares later and ask your mcpiQ to be returned for shitty diluted new shares but it's as good as it gets.

>>1203007
On a related note, since the company is in bankruptcy, what exactly is stopping them from being delisted ?

The chances of it rebounding back to your $6k purchase price are unrealistic, you will have a large loss no matter what, its going to be in the $5000 to $5500 range, or you can lose it all.

I would just cash out and not look back.

>>1201436
why does everyone assume traders here are quitting their jobs to do it? wtf can you not just trade when youre off the clock? I made a post about growing my account and was crucified by how i could never support myself even if i grew my account id spend too much and lose all my capital. how out of touch are all you fucking idiots?

>>1202369
/biz/ is full of retards who think daytrading is impossible form of sorcery

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I know this isn't really a contirb. to the thread, but.. the girl in that pic reminds me of a GF I had like 18 yrs ago and lived in a house just like that. She was real dirty, I loved it. She showed me her mom's porn/dildo stash and even let me use some on her. Long story short; We skipped school one day, drank some of her moms wine and did some of her mom's blow and we ended up having a smoke on her back patio/deck and she of course started blowing me. Wanted me to come on the welcome mat for some reason.. OK.

Turns out that her mom came home for lunch break and saw us but for some reason didn't tell her and ground her until the next day....

>tfw you know she was watching

>>1201428
lol that aint shit. I lost 2/3rds of my total portfolio worth in 3 hours that took me 5 years to build. Its how the shit works.

>>1203056
why are you so stupid

>>1201585
fuck man you suck. I almost never take losses unless the entire market crashes.

>>1203058
its called a market crash and I wasnt there to deal with it.

>>1203062
>what are stop losses

>>1203063
>he thinks stop losses are safe

>>1203063
>>1203062
Didn't the Dow break 18K
The market is irrational, its like a crash didn't happen 8 years ago.

So shouldn't you have made back all your losses if had you held ? Unless you bought some penny stocks or something.

>the roaring 10's
>choo-choo

>>1203062

*major correction

>ftfy

ebbs and flows /biz/ro

>>1203063
I didnt set the range wide enough and they didnt go through. it was 2008 nobody saw that coming.

>>1203067
yes they all did come back and I'm fine now.

>>1203066
they are

>>1203067
This happens. It is the way of the wor.. er.. markets.

"Yes, the market never lies, but it doesn't always tell the truth on an instant, either."

>>1203069
>nobody saw it coming
really man ??

>>1203084
I guess you can tell the future. tell us your ways wise one.

>>1203036
I never said anything about quitting your job, i said doing it on a shoestring budget was pointless.
Or am I wrong about this? What is your budget that you're complaining about a $650 loss?

>>1203085
my wise way is to set a stop loss and not be a faggot

>>1203088
Im not OP. But saying
>dont trade unless youre rich or its impossible
is fucking retarded. Scale back your positions, use leverage, constantly feed your account, learn learn learn. Youll have a sizable account in a few years and years of experience to boot

>>1203089
they dont always go through when shit really hits the fan buddy.

>>1203056
>>1203059
>>1203062
>>1203069
>>1203073
>>1203085

Confirmed not gonna make it

>>1203097
I'm making it just fine. been doing this for close to 10 years.

>>1203096
sure pal
;)

>>1203099
and youre doing great sport
;)

>>1203100
they really don't. if you think they always work youre not too smart.

>>1203103
okay man. Im sure every single one of your stop losses failed. and the crash happened so fast that losing 2/3 of your well diversified portfolio was nigh inevitable. Sure thing pal
;)

>>1203114
most of them did. even a bunch of the high caps failed. like I said I wasnt there to take care of it.

>>1203122
;)

>>1203129
it cant be true that I didnt set the range wide enough as I just said and the prices were dropping so fast they just turned to limits that were surpassed. It happened to a lot of people.

>>1203134
sure thing pal
;)

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>>1203136
>has never lost his ass.

OP here. It was 28% of my portfolio :'(

>>1203142
nope. never had more than a 5-6% loss. i guess im not as good and seasoned a trader as you senpai
;)

>>1203148
you havent been through a real crash either.

>>1203151
sire buddy. cant fight the market eh?

I could get a lot of you anons' money back if I knew what "model" you were using to make those trades that took your money. So, spill the beans and I will help.

I am a trader and have a side business in capital recovery for smallish, new trading companies in energy commodities and equities.

>>1203152
>only lost 6% in 2008.
now I know your full of shit.

>>1203163
of course I am man ;) couldnt possibly be because I was 18 in 2008 and wasnt investing for another 2 years

>>1201428
Buy Gold now. The Dollar is done.

>>1203167
well at least I know youre not trolling when you actually believe the shit you say.

>>1203173
;)

>>1203094
1) Trading "when you can" is a terrible idea, and will deprive you of much opportunity. If someone restricted your access to the market at any time of the day, you'd be ok with that? Terrible idea.

2) Trying to master an activity that is difficult for those with fat accounts, while you have jack shit, is another terrible idea.

3)Not sure if you fall in to this category (lots here do), but using some shit app that can't even legally call itself a brokerage, because it lacks basic functionality. Incredibly terrible idea.

tl;dr This is why people say you shouldn't trade: you're probably not set up/prepared for it.

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>>1203232
you forgot this one, as many here do.

>>1202000
>10% annual returns
>cant monetize money all year
Jesus christ indexfags are worse than crytposhills and goldbugs at this point

I may have lost a bunch of money on the stock market, but i can still afford to look at hot bitches feet on the internet and shitpost. life's good

Am I the only one that sees a point in drips ? it certainly seems so.

>that increasing dividend
>that dividend tax credit
>that treasury discount

>>1203232
lel. exactly what im talking about. /biz/ is so fucking dumb.
>hurr durr day trading is impossible
>nobody can profit from day trades its not possible dont even try
you guys are pathetic

>>1203308
>so fucking dumb
>you guys are pathetic
says the 26 year old.
When you grow up a little (as in, not 26), you'll have a different view. Come back when you actually have some experience to back up your shitposting, son.

>>1203324
sure man. ill keep making these impossible profits by reading my tea leaves and making day trades
>ill probly short dday tomoro or thursday for more mystikal gains

>>1203333
Quads confirm it. Will be shorting dday as well. Also ya i agree /biz/ is a shit place to cone for actual advice. Im just here for the maymays

>>1203338
Same

>>1203333
>making these impossible profits
You're not profiting for shit, don't make us laugh.
Go back to your loser job, and fuck off to the RobinHood thread.

>>1203333
>dday
this explains alot.
>>1203338
you can only be a samefag.

>>1203365
>shorting an obvious pump and dump isnt a smart investment
Its like you faggots dont even want to make money

>>1203367
what are you working with a hundred bucks?

>>1203367
>ts like you faggots dont even want to make money
It's like a broker would actually let you short them.
Oh, sorry. A "broker" is a company that places "stock trades".

>>1203376
>>1203374
what the fuck are you two even on about? Does your broker not let you short stocks? Why is everyone here so against day trading? Because a lot of people echo the "90% of traders lose money" meme? That comes from one bullshit study with a tiny sample size that monetizes non existent factors like time taxes and research

>>1203158
is that even a comment cuz it made no sense

>>1203399
I was talking about messing with penny stocks.

>>1202346
What convinced you that buying MCP was a good idea?

>>1203399
Thats the thing, /biz/ will trash active trading saying most lose money so dont even try. Then turn around and say you should start your own business. Lol. Ya because 90% of entrepreneurs succeed and are millionaires. Its like you said - an echo chamber. They hear shit then parrot it back in a different thread. Active trading is fine if you know what youre doing. Tons of people make money at it

>>1203432
>trash active trading saying most lose money so dont even try
It's true that it isn't suitable for most people.
Including the vast majority here.
Are you sure that what you're seeing isn't just that the guy with $500 to "trade with" doesn't want to hear this?

>Tons of people make money at it
No, "tons" don't. Really.
People claiming wins doesn't prove any sort of long term performance, so how do you know this?

>>1203459
Anecdotal I guess. I make consistent profit as well as do a few buddies of mine. My question is where are you getting these stats that they dont? Ive yet to be shown anything that says that daytrading is an inevitable loss. Or really even that its any less viable than any other business venture. Please cite some sources. And come down off your high horse. If a dude has $500 and wants to invest hes FAR better off rolling some penny stocks. If he knows what hes doing he can snowball it quicker than any savings account or passively managed fund. A large amount of starting capital opens doors but education is the real foundation. Some people start with less

>>1203471
It seems like youre the one who keeps telling people whats what.

When you first begin trading, with no mentor or proper guidance, you will lose tons of money. Some people wipe their whole portfolio. If your current strategy isn't working then do some research, find out what you can improve and don't be afraid to completely revamp your way of trading. Despite what you may think, you probably don't even have a strategy.

>>1203471
Oh, ok.
Well, good luck with your trading!

>>1203496
>>1203480
every single time I ask for a study showing why its impossible to make money the debate nends. there is no study out there. Some traders will lose money. some wont. Stop spreading false infromation

>>1203471
>Show evidence
Literally 2 minutes with my phone were needed for this.
www.financemagnates.com/forex/brokers/exclusive-q4-2015-us-retail-forex-profitability-report-shows-improved-trading/

It's 6 in the morning here and I'm tired.
Data shows in a given quarter around a third of traders made profit but it's actually only around ten to fifteen percent profitable traders in the long run since losers come and go and sometimes even losers have profitable quarters before they go bust.