EUR/USD is plummeting on brexit news.
Hope for remain? That was quite a dramatic move.
Spreads are fucking gigantic right now if you're not an institutional trader btw.
>>1331788
came here for this, pound has been going crazy for the past half day and getting more back and forth. you think this could be a good arbitrage moment to buy and gold for a week or so?
HOLD ME TIGHT I'M GOING IN
I DON'T GIVE A FUCK IF THERE'S A 9 PIP SPREAD
GUYS IT'S FUCKING HAPPENING GET THE FUCK IN HERE THIS IS NOT A NORMAL 7PM ON A THURSDAY ITS FUCKING BREXIT
FX THREAD UP IN THIS BUSINESS
>>1331801
i dont even know where i can buy a significant number of pounds, currently not holding anything so cant sell for pounds either. hmm
LEAVE IS FUCKING WINNING
GETINGETINGETINGETINGETIN
IT'S FUCKING HAPPENING RIGHT NOW
Not trying to a crypto tard, but im checking in with btc as well due to all that uncertainty.
>>1331806
just tell me how goddammit
>>1331815
GET
A
FUCKING
FX
BROKER
Is this your first day on /biz/ jesus christ.
I use oanda personally. It's good for poors.
The euro is literally going to hell RIGHT NOW. But it still hasn't broken. You're not too late to climb aboard the train.
SELL EVERYTHING
Nice. I hope it keeps going down.
Luckily I bought gold and silver stocks, which will skyrocket in the event of Britain leaving the EU
IT'S TIME FOR BREXIT
FUCK THE EU
Any other european currencies affected?
>>1331846
All fx is linked in an intricate web, so if one moves the rest move too.
>>1331846
Gold rose 4.5% in 1 minutes...
WHY ARE YOU NOT WATCHING THE MARKETS...?
HUUUUUUUGE SWINGS
All over FX
>>1331858
Peter Schiff is right again! Thank goodness I listened to him
>>1331858
Pound rose 1%... then FREE FELL 4.6% in seconds, now starting to rally to around -2% on the day...
If you look at things from a technical analysis POV it looks like things are only going to get worse for the euro.
That combinations of juicy downswings and tepid upswings is textbook.
It's fucking happening
I'm a bond trader at Deutsche bank and my boss just called me in panicking
>>1331871
Does your terminal have a button called "flat." Press it. Follow your heart.
>>1331871
That's because your fixed income department is about to be cut by at least 30% due to the insolvency of your balance sheet which is still loaded with toxic assets hahahahahahaha
Does this mean that if I buy things on international websites (I'm US) I can pay the price in GBP and buy it for less money?
![ClrTrUvUYAMZSm_[1].jpg](https://i.imgur.com/A2FcuHi.jpg "ClrTrUvUYAMZSm_[1].jpg")
WE'RE CRASHING THIS MARKET
WITH NO SURVIVORS
>>1331922
depends on how the website converts teh money, if its just there lil website with no auto convert hen probably, if its a "nice" website then it probably automatically converts prices by whatever shopping cart system they use updates everytime a certain amount of changed is registered. ill be trying it though
>>1331788
Remain will win. Central London will blow it out by a landslide in favour of remain. Buy GBP, sell gold - two good trades right there.
holy fuck
I have to go to the US in september
if BREXIT I am fucked
should've bought my dollars earlier
shorted just made 150 bux in 10 secs. lmao at my life.
>>1332029
just made another 150. sieg heil!!!!!!
I'm up 50% so far with my little speculation.
>>1331788
GDP/USD down 5% on the day and falling...
>>1332040
i'm too pussy to make a macro bet. it's fun riding the wave down and scalping liquidity out of the markets.
>>1331788
Leave is currently ahead
>>1332029
I thought I had read that FX brokers were not accepting short orders in advance of this vote?
>>1332038
Can't jump on the forex train because i don't have any active accounts and have to wait for document verication
Daily reminder the best bet would have been to bet against the euro and ignore USD up or down because USD will recover but euro won't.
>>1332040
Those spreads tho
>>1332055
what are you trading right now?
futures?
>>1332060
damn straight, faggot. only noobs think you need to take a direct forex position to make money off this.
>>1332064
I honestly view it as gambling, with money i can afford to spend.
n-no my gains
Why didn't I close out when I took that screenshot?
>>1332080
because you're greedy. and over leveraged. i had a look at your fx spreads and IB is at least half that. if not 1/4 on some pairs. maybe this is a one time gamble but if you intend be serious about trading, research different brokers.
>>1332089
They're half that right now?
Or do they advertise that they're half that?
My spreads are 6x to 8x what they are in normal market conditions right now.
>>1332093
your AUD/USD is at 7.7
mine is at 1 pip or less.
you have no idea how hard certain brokers are laughing right now.
>>1332099
desu I'm getting an interactive brokers account next month. And yes I know there's a 10k minimum.
>>1332120
>paying commissions
it's like you think that means a better level of service.....
t. robincuck
I'm probably down at least a few thousand in the past hour but the ride's been fun lads.
Hope to see you on the other side, tomorrow will be a shit show.
>>1332153
fucking lost £50 on forex when the damn leave vote pulled ahead in sunderland
ooo bahbee. nother ez hunny
this is some intense shit. just swung from losing all my gains so far to another 100 bux.
the money keeps flying at me! what do i do! another hundred!
it's going dooooown
My Demo is making nice swing bucks pulled my shit 225 to 1300 in about an hour or two.
I'm planning on starting live soon with my broker, but they hold their cash in EU banks. Would my money be dangerous?
>>1332239
nothing is safe in these times my friend
We havin' a pull back lads, get ready to place a sell order
oops i did it again +100
>>1332146
>it's like you think that means a better level of service.....
I have 1k in robinhood and it's garbage lmao.
Another one B)
> 3rd biggest drop in history with over half the votes still uncounted
It's not going to be pretty tomorrow.
Just paid off my mortgage with my pound short.
Feels good man.
guess lol
>>1332277
Ok that's just gambling lmao.
>1.38
good god its a fucking bloodbath
this is comfy af
Guys I've never invested in anything ever. How do I invest in the pound now that its gotten cheaper??
>>1332277
happy for you man, the smart people need to prosper
>1.37
its going down faster than my post timer refreshes
yep yep yep
DAMN it feels good to be a gansta!
GBP/JPY will kill your account just letting you know
>>1332312
only doing it to trade brexit. do just the usdjpy normally
we're at over 40% reporting in now. when the numbers at 50% come in, it's going to be very volatile. it would be wise to exit your positions and see which way the market swings after that.
>>1332308
is that... 1.85 million GBP unrealized profit...
holy shit dude
can i have some money please
HANG SENG DOWN 2.3%
OH FUCK EVERYTHING IS GOING TO THE DUMPSTER
>>1332332
no guy, I used GBP to buy JPY. both of those are in yen.
scared the shit outta me when I first traded forex but...
>>1331871
>Deutsche bank
lel good luck mate
when is the recoil?
>>1332349
ah okay right
so its only like 180,000$
...can i have some money
Just closed out. Doubled my money.
>>1332352
once Soros makes enough money he will tell Cameron to "turn it" and remain votes will start piling in. this is when Soros will take a long position and ride the price back up.
remember: the jews always win
>>1332355
sure, just post your bank account and routing #
fucking hell. lost all my gains. now got to go make another 6 winning trades just to zero my account. c'est la vie. brexit looks more and more likely though. the one bad trade i made was scalping long. shoulda never went long damn it.
at least my USD holding is appreciating like a mofo against my CAD.
I'm going to re open my position after Birmingham reports in. It's supposed to be soonish.
over 50% reporting. brexit still in the lead.
gonna be pissed if the charts go to my long entry.
i exited long at a big loss because brexit looks more and more likely. would rather hold a short at the end of the night.
>>1331788
Who here b t c
>>1332018
Do NOT take this advice kek
it's comin back to me. another 5 trades to zero my account. i ain't a british nationalist but team brexit here.
gold steady up
fuck am i ever happy i exited that long.
looks like if this continues, the SPX will open at -100 points.
It's happening
>>1332453
where is this
>>1332453
I find this funny because Yellen recently stated that the Markets are in good shape while several analysts from big financial inst. stated that they predict the markets will slip into bear this year.
in about half an hour 80% will report in. where's my goddamn volatility. i can't profit without some! move charts move
>>1332475
no markets are open besides forex and hang seng and shanghai
INVEST INVEST INVEST
STOCKS ARE PLUMMETING DUE TO IDIOT REMAIN REACTIONARIES THEY WILL SKYROCKET AFTER THE NEW TRADE DEALS
almost 75% reporting. brexit still at+51%
>>1332485
hello. you must be new to trading. i'm definitely transacting right now. please reconsider that the markets do not comprise only of forex and stocks.
yes. come on bitch. another 3 trades.
my FX shit just stopped working, anyone else ? AvaTrader ( im just gambling , used the first one i found)
>>1332528
your mm had enough
we've done it lads
crashed this economy with no survivors
>>1332531
mm?
>>1332491
>currency low
>trade opening
I can feel it coming m8
almost 80% reporting. brexit still at +51%.
short short short.
HOLY FUCK ES BELOW 2020
only 2 more trades~!
>>1331788
FUUUUUUUUUUUCK I LEFT IT TOO LATE TO LEARN HOW TO MAKE BANK ON THIS SHIT
HOW DID IT GET EVEN WORSE.
Should I buy HSBC stocks lads
Have to say this is a good thing for the global economy.
>>1332538
>brexit still at +51%.
It's over m8, we've left
>>1332553
Care to explain?
2 MORE FUCKING TRADES. I AM A TRADING ANIMAL
ES HITTING 2000 FFFFFFUCCCCCKKKK
>>1332546
>Should I buy HSBC stocks lads
New to this whole thing, but since it's all crashing it's cheap.
How do I buy?
I got some more play money coming in tomorrow. Remember i said i had a robbinhood account.
HOLY SHIT SHOULD I GO LONG OVERNIGHT AND CATCH THE BOUNCE. WTF IS GOING ON. AAAAAAAAHHHHHH. THINK IF THE ES GOES +100 POINTS TOMORROW.
>>1332553
Care to explain why? I am planning to hold it long term
RULE BRITANNIA
FUCK ALL YOUR INVESTMENTS AND PORTFOLIOS
FUCK THE EU
BBC et al calling a win for LEAVE.
1 MORE FUCKING TRADE AND MY ACCOUNT IS FLAT. HOLY SHIT.
SHOULD I GO LONG NOW. CAN THE ES REALLY GO BELOW 2000. HANG ON TO YOUR BUTTS
>>1331788
Fuck my life, I wish I had a time machine for tomorrow. Found the sweetest option contract ever and it might stand for tomorrow if you are fast. I'm gonna be a cool anon and tell ya.
On OptionsHouse search: DUST 7.5strike PUT its ask is just 10 cents. Buy as much as you can you'll get 50 for just 500 dollars. If there is a similar deal on your broker take that.
Maximum Profit = 37,500 dollars.
This info might be absolutely bullshit but I guess its at least a "fun fact" if it can't work.
BREAKING: THE KOREAN STOCK EXCHANGE HAS HALTED TRADING
HAHAHA OH WOW.
MY ACCOUNT SHOWS NET POSITIVE TODAY. DON'T EVEN REMEMBER HOW MANY TRADES I MADE
ok. i've calmed down a bit. this is a very dangerous time on the markets. everything is low as shit and people are thinking of buying in long. the only question is, how will the actual announcement affect the markets. it's foregone conclusion for brexit.
>>1332620
announcement shouldn't change it too significantly. I mean, we already know what's going to happen at this point with the UK. Now the question is are people going to be thinking about buying low, or is the general public going to hold withdraw/hold on to their cash considering big financial institutions are already prediction a bear market this year.
I think it's going to be the latter of the two.
>SHORT SHORT SHORT?
going to be interesting.
>>1332544
they're throwing money to usd, but more the yen
>>1332536
market maker
>>1332635
Nikkei has been suspended. Loss was 1222 before the government in Tokyo shut it off
Should probably buy the pound now while it's cheap and make big gains later when cooler heads prevail and people realize this won't change a goddamned thing economy wise.
>>1332631
>>1332639
just look at ES. shit is down almost 100 points. this would be perfect buy in for a speculator. but if day momentum drives it down further. as the saying goes, the markets can stay rational longer than you can stay solvent.
my gut is telling me to go long. i think the markets have priced in brexit as much as possible. just what will happen during the day is a tough one. this is one of those once a lifetime trades.
In the hopes of not sounding like a shitposter or getting shit on, what program is it that you guys all use? I'm new to investing and need tips on the tools/sites to use. I've done comp sci/programming. all my life and feel like investing some of my money
>>1332641
You mean overload or something ? to much traffic ?
I live in Japan and yens have been shit for years so I have been hoarding them.. now is my time.
>>1332651
Is there some sort of sticky/archive life /fit/ has for beginners?
I want to make some profit of this, but I dont know how to go about it.
Would I have to talk with my bank to start buying company shares, gold, currency or whatever else takes my fancy?
I want tojump on the Investment train, but I'm a wage cuck
fuckkkkk
What's the easiest way for an FX trading noob to get in on this? Any advice is appreciated.
>>1332657
programs are dependent on brokers. find a broker comparison site and decide.
fucking shit. i really want to buy long on ES right now. if only all markets were open 24 hrs. i'd literally stay awake all night. i might do that anyways.
>>1331798
GODSPEED ANON
>>1332681
any recommendations? and why should you go long on ES now?
Uneducated pleb here, how fucked is UK?
>>1332660
cutting his losses
>>1332656
If you are speculation buying go long yes
If you are selling well lol
I hope you sold it already.
>>1332692
Can you explain to me like a 2 year old, i do this for the thrill
>>1332284
I agree it was a crazy risky gamble that could have destroyed me.
I'm usually calm and collected during trades but this one was a real doozy. So to keep calm I opened henti on my third screen and rubbed one out.
In my defense, I rarely, rarely ever manual trade.
>>1331788
Does Brexit winning negatively impact America or positivel impact us? Will prices sky rocket like gas?
>>1332687
i use interactive brokers. you can trade anything. it's down 100 points. this is massive. even a small bounce will me a very nice profit. when people are screaming bloody murder, you buy.
fuck it you guys. this is my big gamble. 1 long ES contract. since i entered, my position is already -200.
>>1332674
you won't make any profit, don't bother.
lmao at all the kids here thinking they're going to get rich from this
So biz if I am understanding this right, The globalists and economists wanted remain so their stocks didn't get a little dented so when leave wins they all freak the fuck out crashing their stocks.
They killed themselves and thought they were saving themselves. Selfish cunts.
I am so proud of the UK and so ashamed at economists
>>1332681
Think i'm staying up all night watching this. Literally this is such a significant event that i wouldn't be able to sleep anyways.
So should I be dumping all of my shares now, lr just set a stop loss?
If I set a stop loss would my shares be sold at the stop loss price when trading starts at 8am or at market opening prices?
Alright, Brexit... How does one profit from this? Buy the pound now that it's low?
>1.3305
jesus fuck. we're touching the 2000s again.
>>1332712
Not rich, just trying to limit the damage this will do.
>>1332711
ok I'm new to investing since I never really had the $ but what books/sources do you recommend? I also listen to Peter Schiff which is what initially got me into it. What exactly is ES?
p.s. I'm obviously gonna pass tonight in actually trading until I know enough info
Brokers saying they are not going to do any trading tomorrow
>>1332732
>what books/sources do you recommend?
read everything. you're probably smarter than i am if you do compsci shit. if someone claims they have a profitable system that they can teach you for xxx dollars, ignore them immediately.
you'll learn nothing by asking me question like what is ES. it's real fucking dangerous is what it is. and you should ignore it since you're just starting.
i think we're gonna break 2000 boys. this might be real painful for me to watch. what would make me feel better is a massive green candle in the 2000 range as people accept the ES is sold to shit.
>>1332755
OK I just wanted to know since I saw it mentioned repeatedly. I'll do my research though and get onto reading.
>>1332742
they fucking better
>>1332710
Positive, the EU is going to start collapsing now and the US is seen as safe
>>1332761
They'll act like the Dems did with that sit in.
"We want this and you didn't let us, well fuck you"
holy shit. time and sales are pure red at 1999. but someone is buying them up. the ES just wont go down any further.
some entitie(s) just soaked up several thousand ES sells.
>>1332766
I JUST WANT MY MONEY AND I JSUT WANT MY TVIX
>>1332767
Could be Berkshire or something. Berkshire loves opportunities for cheap es like this.
the shorts keeps shorting and the longs keep buy. ES is completely flat at 1999. looks like i mistimed the 2016 long. fuck fuck fuck.
>>1332767
IT'S CHINA AGAIN
should i sell all my stocks right after the market opens? Brazillian here
>>1332732
is Peter Schiff good?
>>1332702
just look up mm
>>1332788
Sell at open?
which cheeky slut shorted the cable? at high/mid 140s?
this is fucking hysterical. who do you think will run out of money first. the longs or the shorts?
>>1332797
pretty much, they raised about 5% yersterday, i want to grab them gains and them buy at the abyss it will reach after brexit
>>1331788
Why is everything plummeting because of Britain? Why?
I got around 300€ worth of actions from a spanish insurance company (Mapfre), should I bother selling them and buying some when they're really low? (Today they're givind the dividend btw, about 6€)
I'm a noob, obviously
Alaskan autismo here i just made massive gaaaaaiiins with my forex triangle patterns that predicted this
>>1332040
>>1332043
Nice platforms you guys are using. Are those free for trial (no money deposits)?
>>1332585
I never quite understood how options work. In this particular case you're talking about, would you need the pound to drop to 1.35 (USD/GPB) today to cash out the maximum profit?
>>1332620
Don't catch a falling knife. Markets will be crazy today. If I made to make a bet on brexit, the ideal time would be before market close and hedged. At this point, it's best for it to ride out until Monday and then pick a position unless you know what you're doing.
>>1332811
S&p500 futures
>>1332790
>is Peter Schiff good?
HE'S GREAT! He may have been wrong over the past few years but gold is going to rise DRAMATICALLY tomorrow. Without Peter Schiff, I would have never made the massive amount of profits by buying gold stocks this year
>>1332674
all in gold, but expect to sell it in a short time, you will earn a little, but not much
I figure now is a good time to pick up some index funds that track European and British indices, no?
>>1332822
>Don't catch a falling knife.
it's too late. i'm look at -1000 unrealized right now. having lots of fun watching shorts try to short. and the price just doesn't move.
TVIX 900% increase within a year
>>1332855
TVIX specifically or most ETFs linked to this mess?
i think the longs are winning at 1999. the ask size is decreasing incrementally. and the supposed bid size at 13 (lol) doesn't budge.
>>1332830
it sounds like despite you are now profiting off gold but you have benn losing money over the last few years
>>1332826
Why would anyone jump in S&P500 futures TODAY? That's fucking suicide!
>>1332869
The futures are locked limit down. They will likely hit mid 1900's tomorrow morning. Not a time to go long now...even if you could.
very interesting. ask size in increasing now. but little to no transaction on actual time and sale. price is completely flat so there's a counter party for every sell.... whoever is really trying to keep the price low.
>be me
>work in financials
>co-worker does risk management
>was certain Britain would stay in EU
Dude emailed me about 40 minutes ago with no subject, just an email with a body of "fuck".
Shit's going to be fun tomorrow
>inb4 15 hour workday
>>1332820
noob here.. but I guess you should. this will affect every other country and their companies, unless these companies depend on US stuff.
>>1332924
Considering taking the day off and calling in sick for the lulz. Don't think my stuff is too affected, probably will get hit by some macro wave but it will pass.
>>1332821
>>1332906
fuck you're right. i forgot all about that. only another 8 hours until the limit lifts and i get to see if my long paid off. probably not. i can feel the loss coming. whats 1 or 2 grand though. i accepted that risk going long. i forgot the short might push ES to limit down. should have paid more attention.
at minimum, the big institutional guys will buy the dip. should alleviate losses somewhat.
>>1332821
did you predict the outcome of an election before it started or something?
>>1332906
Dude its going to be closed tomorrow. Take the day off.
>this is what Bitcoin is for
>>1332956
It will open after a set amount of time, there are specific rules. If it falls a further extreme amount (i forget the specific % for the second level) they will close it again.
>>1332955
>>1332924
>works in risk management
>forgets his job title
>gambles
really?
and just as i typed that, limit down lifted. candle spiked almost 5.00 full points. still going UP UP UP. i think it's time for caffeine pills.
COME ON BABY OVER 2016
>>1332571
>bad teeth
>even on their supermodels
You had one job!
>>1332953
There will be a massive bounce, I expect it from around 1930 to 1950 (but who knows.) But I only expect that bounce to make it to something like 1980 or 2020 max. Ultimately I think we may get down to low 1800's before we head up for new highs.
If we get a spike in the morning after the open, I would personally close out any ES long.
LET DO IT CUNTS 16 POINTS IN UNDER 10 MINUTES GO GO GO.
>>1332979
2020 and i'm out. got a long in at 2016ish.
>>1332953
Looks like your back in action, futures reopened
>>1332473
Of course she did. If she didn't, the question becomes, "What the fuck have you been doing for the past 6 years??"
The answer being: Delaying a necessary downturn in the stock market as long as possible so that Obama can look good.
>>1332965
It won't be that bad, but he was trying to analyze some stuff regarding the UK, and now might have to tell some of the investing guys no. Also have to give a report to EO's and others on how it might affect some of the longer investments we might have so it's just more work that he doesn't want to be doing on a Friday.
Also dem macro waves are hard to see, so I feel kinda bad for the guys who work with some of the more "risky" investments ie mid/small caps.
>>1332924
kekekekek my buddy is at Morgan Stanley Wealth management, same story. Just texted me with "tomorrows gonna be fun"
> come to /biz/ to see the reckoning
>everyone saying all this lingo I have no idea what it fucking means
talk english motherfuckers.
>>1333038
THIS JUST IN
KNEEPADS SKYROCKETING IN VALUE AS GLOBAL MARKETS TANK
>>1333038
SHITS FUCKED
BUY VOLATILITY
GET COMFY
SELL BEFORE CLOSE EVERY DAY
>>1333040
why the fuck would kneepads go up with brexit? Is Uk getting a new surge of wrestlers or something?
>>1333005
now the REAL shitshow would be if we start seeing more of these referendums.
At that point buy some bonds take up some real estate and wait till it's over.
So buy GBP, yes? It will recover, Britain is still a decent economy.
>>1333051
how long can you go is the question
>>1333048
not sure if bait but once money is gone the knee pads will be handy for sucking lots of dick
>>1333038
YOU SHOULD HAVE BOUGHT CRYPTO WHEN YOU HAD THE CHANCE
THE NEW VOLATILE WORLD STARTS NOW
BREXIT
GREXIT
ITALEXIT
FREXIT
EU COMPLETE DISINTEGRATION
TRUMP PRESIDENT
ITS ALL HAPPENING!
ITS ALL REALLY HAPPENING!
>>1333058
I guess it depends if you think it's just reactionary bullshit or if the decline will last a while.
I got 10k USD cash on hand, what do I do with it?
I don't know shit about trading, I have money in mutual funds. am I fucked or no?
>>1333063
What site is this?
>>1333080
That depends, but short term, you're most likely going to see your money take a dip.
Worst thing you could do is pull out, just hang on and see what happens.
>>1333066
>someone posted pic related on /a/
>come to /biz/ to see the happening
Jesus you guys are going mad and I don't even know how to make head or tails of this thread.
>>1333076
Escape the fallout.
>>1333094
the British currency will be worth less until they establish their own economy and trade deals, ff they are done without NWO tentacles involved, the sky will be the limit.
Money is not magic
>>1333107
Money is magic to common math-retarded plebians like myself, what do I do with my USD money in this situation.
>>1333114
You don't need to understand math to do well in trading, you need to understand how political and technological movements effect the global economy.
>>1333094
Hurr
>>1333076
INSERT IN ANUS FOR MAXIMUM SAFETY
>>1333139
I understand the basic idea that the pound and the British economy will go into the shitter in the near term and the (wise?) bet is to buy up the pound at its lowest and sit on it until either the UK bounces back in an economic recovery years from now or it devolves into Mad Max land making all currency worthless or it completely whores itself out to China and suddenly the pound turns into the Chinese currency. But I need a better understanding of the market in general.
any predictions in EUR/USD movements?
I currently got some $$$ that I've wanted to convert back to € for some time now.
>>1333153
If England is going to whore to someone, it's going to be Russia, leaving the EU will cause tension with NATO, and Putin already offered free land in Russian to Brits for economical growth.
so is it a bad or good idea to invest in stocks tomorrow
>>1333189
Will be surprised if market opens in the morning.
http://money.cnn.com/data/premarket/
LMAO I'M FUCKED (short term)*
*hopefully
>>1333189
wait till September - November timeframe. Or mid July if you are brave.
What's a good forex broker for eurocucks?
Thinking of shorting EUR and GBP next week when I get my salary and would like to have a broker set up until then
im an uneducated retarded motherfucker so help me out with my logic here.
If everyone is buying gold now in order to retain value of their assets, why would anyone SELL it? because they already have a shit ton of it/something else valuable?
And if I had bought a 100 dollar gold necklace a year ago and sold it now, I would be raking in a noticeable increased return because of this change? or does this just apply to gold in general and not small little personal items?
>>1333217
taking profits
>>1333217
gold jewelry has shit resale value. widely traded gold coins and bullion have better resale value.
>mfw "morons" and the Chinese "fell" for the "gold meme".
>>1333217
or rather does buying a single gold item = investing in gold
just curious because I had an argument with an old friend not to long ago who is also uneducated like me
>>1333226
>>1333225
thanks m8
>>1333226
>Chinese economy
>Gold economy
Not sure which is the bigger meme
So now that markets are tanking, what do I buy up to sell when the fear mongering is over?
>>1333237
at least wait for knee jerk reaction to stop
AHAHAHAHAHAHAHAHA
I'M A FUCKING MADMAN. WATCHED THE BIDS SLOWLY EAT AWAY AT THE ASKS UNTIL MASSIVE BIDS CAME IN.
I WAS RIGHT THE FUCKING ES RALLIED.
+1000, -1000, +1000, -2000, +21
EXITED MY LONG AT AN INFINITESIMAL PROFIT.
WE TRADING NAO. 40 FUCKING TRADES TODAY.
THE WORLD WAKES UP TO LOSSES AND I MADE 21 FUCKING DOLLARS. OOORAHHHH.
>>1333237
it's too late anon. if you trade ES, you should have bought in at 2000. i mistimed the rally and bought at 2016. ah well. markets will show a gap down on open. then, they will go up and dip again. perhaps even below the open. after that, who knows. i'm stoked as fuck i didn't lose money today.
>>1333082
coinmarketcap I believe
>>1333242
are you discretionary or automated?
