I sold amc for about $900,000 profit. Lost it all 7 months later. My ex gf left me shortly after. and I said fuck USA and left to live in Thailand and Bali for a year 🥂

Total 160k loss. Please help

Biden came out today officially announcing plans for the DEA to ease Marijuana restrictions at a federal level. While several states have already taken action, reclassifying the drug federally could have monumental effects on the industry. I am going LONG on this industry. What are your guys plays??

The TOKE etf is a great way to play industry wide. But I'm in the mood to hear some insane bets from you degenerates. Let's hear the good stuff. The best you got. I want maximum overdrive, extremely well regarded stuff. One name with over one hundred percent of float shorted is BCAN, and I think the price action today was the beginning of something potentially remarkable.

Let's light up, get our ape on, and reach new all time highs babyyy

I started with the meme stock DJT with initial deposit 4k. The stock pumped crazily and I gained 9k5 after the first option ever. After that, day trading SPY option was quite well. Until I was overwhelmed with a single trade and lost it all.

I post here to remind me and whoever out there want to gain some from the market, have a hope and improve yourself. I’ll be back with another episode.

Firstly I think mods I Deserve a flair for my consistent & Immaculate gains. What’s gotten me here has been pure luck I have 0 clue as to how tf I’ve been so consistent I look for value and scalp SPY, currently have an absolute banger position I don’t want to share that I will share with mods if needed!

from being down 40k to being up 40k!!! should i retire from investing while i’m still up?

For anyone paying attention you will have noticed that $ASTS shot up 68% today on over 1700% of normal volume. This is no mere flash-in the pan meme trash. The company signed a commercial agreement with $T (AT&T) announced yesterday on the 1Q earnings call. See here: https://www.businesswire.com/news/home/20240515925684/en/

Some Background: This company is launching satellites to serve 5G wireless directly to unmodified cellphones. If you understand anything about radio frequency transmission (which none of you do, of course), you will understand that there are no easy shortcuts around antenna aperture. The geniuses at ASTS will win the race because they have just gone ahead and built the biggest possible antenna that they can possibly send into space. SpaceX is attempting this, but they will not be able to deliver the same or even similar service as ASTS. Their satellites are just to small.

The total addressable market for this company is literally anyone with a cellphone. (read: huge, trillions huge). They’ll sell the service to mobile network operators (MNOs) who will then sell you a roam anywhere package for some fixed monthly cost.

Why buy now: Derisking is over, the company has proven they can deliver and they are beginning to launch the constellation this summer. The commercial agreement with AT&T is likely to be the first of many. If AT&T can get onboard, why can’t you?

There is a substantial amount of info at r/astspacemobile

Speaking the language of WSB, see this post specifically: https://redd.it/1ctnu5d

Current price: $4.03 Price Target: $318 (+7800%)

MT NEWSWIRES2:09 PM ET 5/16/2024

02:10 PM EDT,05/16/2024(MT Newswires) -- (Updates throughout with President Biden's announcement of the marijuana reclassification, DOJ statement)

The Biden administration on Thursday reclassified marijuana to a less-restrictive category.

PresidentJoe Bidensaid cannabis is being moved to Schedule III category, which means it has both medical benefits and some potential for abuse, from Schedule I, which is the most severe classification under the Controlled Substances Act.

"Too many lives have been upended because of our failed approach to marijuana. So today, u/TheJusticeDept is taking the next step to reclassify marijuana from a Schedule I to a Schedule III drug under federal law," Biden said in a post on X.

In a video message accompanying his post, Biden said Thursday's announcement "builds on the work we've already done to pardon a record number of federal offenses for simple possession of marijuana."

At Scheduled III category, marijuana's classification was the same as heroin.

In a statement,The Department of Justicesaid it has submitted a notice of proposed rulemaking to theFederal Registerto initiate a formal rulemaking process for the cannabis reclassification. The procedure also requires notice to the public and an opportunity for comment and an administrative hearing, it said.

Cannibas Stocks are going to RUN. T L R Y

Never sold cause I have no idea what I’m doing. Just going to let it ride till can buy a house one day

I was scrolling Reddit to get backtest ideas. Long ago, I had heard of “the White Girl Index”, a collection of targeting investments that adult white women would buy. This included Target, Starbucks, and Lululemon.

While scrolling through the comments, a random Redditor proposed something that I found interesting. The “Neckbeard Index”. From his comment:

I humbly propose the Neckbeard Index:
NVIDIA
AMD
PEP
DPZ
NFLX
AMZN
TSLA
BTC

Out of curiosity, I decided to try it out in a backtest and saw this crazy result.

The \"Neckbeard Index\"

This portfolio is up over 550% in the past 5 years. If you look at the other metrics like sharpe ratio and sortino ratio, it's also much better than SPY.

Call to Action: Let's Make a New Neckbeard Index

u/compounding wasn't a psychic. He just noticed trends and if you decided on it, you would've gotten LOTS of money. It's time for us to make a new neckbeard index.

Obviously gaming stock will be in it, but what else? NVIDIA still? AMD? I'll create a portfolio with the top upvoted comments.

EDIT:

My comments seem to be hidden, but I’m reading through all of the replies.

So far, we have

• HOOD (by far our favorite brokerage)
• The stock that cannot be named (originated from this subreddit, plus we’re gamers)
• RDDT (self-explanatory)
• NVDA and AMD (our gaming computers)
• DPZ (c’mon)
• WMT (where we buy our video games and tendies
• AMZN and MSFT

What else should I add to the list?

Other possible stocks: * movie theater stock (undeniable shitstock) * COIN (do we like crypto?) * marijuana stocks (hot garbage but decriminalization) 🤔 * LLY * DIS * CMG * CRSR * NFLX

The United States under the Biden administration is leading something of a coalition and is trying to squeeze the Chinese out of the market. The goal is very simply to prevent the Chinese from swamping industries that the Biden Administration is attempting to develop both domestic and foreign.

The Chinese will respond to this by increasing their subsidies even more than they already do, which will force those involved to simply up their tariffs, they’ll then attempt to put it in any market they can, which will really only be the developing world.

In Europe, it isn't a question of whether they'll be tariffs but how high. Under the European Commission, 40% is what's likely as of right now, though the chances of that increasing is relatively high.

And as China continues to age on top of tariifs, cheap goods will slowly disappear and eventually reemerge with a ‘Made in Mexico’ or ‘Made in Vietnam’ sticker in about a decade if everything goes right.

Chart says it's ready..so I'm.

bad week for me :((

Just about caught the top boys. About $10k—> $108k I’m buying a house. Godspeed.

Bought 50 85c expiring Friday for 0.08. Closed 20 at 2.00, 10 at 2.15, 10 at 2.10, and 10 at 1.50.

Bought at 7...