He plays the lowest tier nigger gambling things you can imagine, constant dopamine generators that either give him $10,000 or lose everything and then he smashes the wall
Because he lives with his parents, smokes crack, has no prospects whatsoever, and gets embarrassed as hell when his mother starts cleaning up all his shit when he's streaming
@narada@tyler@Hoss@thegreatape >constant dopamine generators that either give him $10,000 or lose everything I do the same thing with stock options at much smaller scale, but I reinvest the profits into dividend paying stocks/ETFs and use the dividends to buy more options. I beat the s&p regularly and I get to enjoy "gambling". It's like a poor man's hedge fund. Sometimes I can use my foreshadowing of jewish power to make money on things that shouldn't.
@narada@tyler@Hoss@thegreatape Oh I know. It's sad really. They're screwing people over, and I use gut instinct and knowledge to just try and keep my money from getting crushed by their inflationary BS. I am not YOLOing 10k on trades that will make a million or lose 10k, but it is very satisfying to pay $300 and earn $1200 because your gut beats "market data".
@Senator_Armstrong@tyler@Hoss@thegreatape Plato spoke about anger being a great resource but a terrible ruler. It's good when its object is righteous and its mind clear. It's bad in almost every other circumstance
@narada@tyler@Hoss@thegreatape If you're angry about a situation that's probably a good sign you should change it. I'm pro anger. Throw lightning bolts at everything until your problems are resolved.
Anger leads to clouding of judgment, which results in bewilderment of memory. When memory is bewildered, the intellect gets destroyed; and when the intellect is destroyed, one is ruined.
@narada@dcc@tyler@Senator_Armstrong@Hoss I don't know much about greek history - but I have read a bit about Mesopotamian history. And you'd be surprised how much bullshit was made up. I have to find the passage but I saw one archeologist walked into a tomb and basically did improv theater to see what the place was for. Then that was the official description of what the place was for. some hippy larped as someone he never met or understood and it became historical canon.
After I read that, I started questioning a lot of the history that's assumed to be real. Especially the more ancient cultures. Also I'm pretty skeptical of hard numbers in history, but you all are already aware of that cause the 6 million. I've encountered similar bullshit numbers in different historical tales.
@Griffith@narada@tyler@Hoss@thegreatape It's not that hard if you have even a small amount of money, like even 1k is enough. I'll be happy to teach you, or share what I'm doing if you're curious. Easiest thing is to do it in an IRA or Roth because it's not tax efficient to do this, but within the IRA that doesn't matter one bit.
@Hoss@Griffith@narada@tyler@thegreatape Roths are even better. You can withdrawal your basis before 59½ in a Roth. Too many dudes think "I need more savings for emergency before I invest" but you can put 1k in a Roth and maybe it grows to 1.5k over a couple of years and you can potentially pull out the 1k you put in and still have your $500 in gains there, verses the maybe $5 it would've earned in your savings.
The more I learn about IRAs the more I'm starting to see them as the government giving you a permission slip to gamble tax-free as long as you don't withdraw the proceeds.
Literally this whole theory is just one fag who decided that Greeks were fags like him. The truth is that the moral law is written on the hearts of all men. All men throughout history have known that sodomy is wicked. The few who do it anyway don't care, but the mainstream Greeks were not among them
@threat@Griffith@narada@tyler@Hoss@thegreatape In a way, yes. Stocks only have value when there's a buyer. But the world is financialized to heck and back so it's like you're in it even if you don't want to be. Case in point, if you have a pension or annuity through work, they're investing for you. Same for a 401k. It's a bit pyramid schemey and does make one think about the whole rush to get more bodies into the "American" system as boomers age out and have to start spending their wealth. people with 401ks buying a bit of stock every two weeks from paychecks funding retirement accounts add a LOT of demand and liquidity to the market.
@Griffith@narada@tyler@Hoss@thegreatape I had an effort post written, but my browser froze. I have most of it in notepad but there's a lot of stuff. What do you want to know about most? Options?
@Griffith@narada@tyler@Hoss@thegreatape This is not financial advice. This is for educational and information purposes only. Consult with a tax or investment professional. Don't believe strangers on the internet. I don't ever sell calls or puts. Ever.
Options: The right to buy or sell an investment at a specific price and date.
I'll keep it simple and focus on "right to buy", known as a "call" or long call (long means buy, short means sell). Imagine a voucher for 100 gallons of gasoline at $2 / gallon good for the 29th of March. Suppose you bought it for $110 when gasoline was $3.00 a gallon. You expect the price of gas to go up. Whoever sold it expects the price to go down.
If the price goes up to $4.00 a gallon, your coupon is now worth $190 and you could sell it for a $90. The seller of the coupon pays the difference. If gasoline prices fell to $1.95/gallon, the coupon you paid $100 is now worthless, because you could pay less than $2 a gallon without it. The seller of the coupon wins. You could also sell it beforehand, and more days means more price change potential.
The difference is stocks normally fluctuate a LOT more than gasoline, and options can play based on things like earnings, market news, rumors, etc. One contract is 100 shares, so the above example would be listed as something like: >Gasoline Mar29 '24 2 call limit $1.1 So it's saying when it expires(Mar29 '24), what the strike price is ($2), what type of option (call), how much I ordered it for (limit = this price and no higher), (1.1x100 shares = $110 for the contract).
@Griffith@narada@tyler@Hoss@thegreatape >I don't ever sell calls or puts. Ever. Did you figure out why? If you sell a call, you get the option premium (what the buyer pays), $110 in the last example. If the price goes up to $50 from $3, you're on the hook for $5000 - $110 (what you got for selling the contract). We all know the odds of that are rare for gas but for stocks, it's not unheard of for them to jump $10 to $50 a share.