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WanderingSoul323 t1_j6o0djl wrote

Buy an eight of mushrooms and talk to a triangle.

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Lordsaxon73 t1_j6o3gof wrote

Trees are more engaging for in depth conversations .

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WanderingSoul323 t1_j6o9qn6 wrote

Have you ever talked to a triangle on shrooms? It's fascinating! I don't know what it said cause I don't speak triangle but it was lit.

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jr1tn t1_j6nyfjp wrote

OK here is a real tip

After the fed announcement tomorrow, if the market sells off on the announcement, buy 3 calls priced at ten cents on SPY for $30.

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SuccessGaming t1_j6o2m6f wrote

Most brokers won't let new people qualify for options unless they have experience in the market. Sounds like dude tryna put his taco bell money into stocks.

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MrBowick t1_j6oabdk wrote

Most brokers you just have to digitally sign a waiver or something saying you have experience. Anyone can sign it

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Dr_Emmet_Brown t1_j6oq7me wrote

Robin Hood would allow a steaming hot pile of shit to trade options.

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Nuclearchurch OP t1_j6nyt86 wrote

Okay, how come?

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evilartnboy t1_j6nzufm wrote

I think the idea is that the price for spy will go down, but then go back up over the next few weeks

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Nuclearchurch OP t1_j6o08c2 wrote

I’m still trying to understand calls, if I buy them, and they fail do I owe anything?

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NotAnAmazonAd t1_j6o0w3z wrote

Yep, youll end up owing half your paycheck the rest of your life because you cant stop wont stop

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FATKEDLUVSCAKE t1_j6o0xay wrote

you have a lot to learn grasshopper. Go long something inexpensive like gopro.

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Organic-World-4893 t1_j6o4quj wrote

I’m no trading expert but go watch some YouTube videos instead of randomly clicking buttons you don’t understand… you will waste $30 and learn nothing when u could watch someone else on YouTube do it and explain wtf is actually going on

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AnbuAntt t1_j6o0rp7 wrote

Maybe wait to trade options friend. Can get you into big trouble.

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jr1tn t1_j6o13c9 wrote

You can't get into big trouble buying $30 worth of calls. Worst case, you're out $30. Come on, man.

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evilartnboy t1_j6o1dj4 wrote

Search up the graph for option types. Then only stick to buys, the sell option opens you up to infinite loss

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Bone_Dancer t1_j6o1qky wrote

No, youre buying the right to buy a stock at a certain price 100 shares at a time, doesnt mean you have to or even make money off the shares, youll just sell the call for more you bought it for and ez pz Now if you sell a put or call, thats when things can get hairy. A put much more so.

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WhyAmThisWay t1_j6o40t4 wrote

No, you wouldn’t owe anything but here are tips:

  1. Time is your fren

  2. Closer to the strike is your best bet, but $30 wont get you there.

  3. Set your sell limit as soon as you get a contract, the premium can change fast

  4. You will lose most of the time

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chev327fox t1_j6ojcwi wrote

You can only lose what you put in (ie what you pay for the options contracts… so in your case $30).

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TalaHusky t1_j6o7nug wrote

So if it goes up tomorrow I’ll buy puts for the same. Thanks!

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Silver_Ask_5750 t1_j6nzzdb wrote

Cashapp to me and I’ll turn that $30 to $0

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Rich-Attention3806 t1_j6ny1i1 wrote

I would recommend a sports betting app. Way easier to understand which means your odds will be better.

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Ryan526 t1_j6ny5f7 wrote

You should see my sports betting record.

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CallsOnAutism t1_j6nzqlz wrote

Unzips pants

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Simple_Carpet_49 t1_j6o5667 wrote

This is pretty much exactly what I'm doing right now. I have $40 in a wealthsimple account that I decided to fuck around with to get to learn some basics before I decide If it's something I want to do more of. I' m in Canada, dunno if that makes a difference or not.

I think the first thing I learned was that WSB is full of fucken morons, r/investing is I think the smarter place to go for just learning. I find it boring as hell though, so I like to come here and try to discern patterns from the shit stains left on the walls after these monkeys are done flinging it around.

I bought a piece of a LCID share and a bit of TQQQ cause I think they're safe. I'm brand new at this too though, so I don't know. After that I bought a bunch of penny stocks just to have a lot of moving parts in my 'portfolio' and so I can see what the mechanics of buying and selling them day to day are like.

​

At the end of the day, it's just another form of gambling. Are you any good at sports betting? Use those skills. Also, it's $30 go nuts.

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JimFromTexas77 t1_j6ocd9n wrote

LCID and TQQQ "Safe"

You'll build more wealth over time with a 60/20/20 mix of VTI/VT/BND

You're not gonna make it, pal.

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itsnotthatbad21 t1_j6nzw2n wrote

OTM SPY 0dte

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Nuclearchurch OP t1_j6o0bgy wrote

Why’s that

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itsnotthatbad21 t1_j6o0ksi wrote

Out of the money 0 days of expiry contracts. Very lucrative if played correctly and cheap. So 30 dollars can get something out of it. Probably the closest thing to lottery tickets you can get when it comes to stocks

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Nuclearchurch OP t1_j6o9ikd wrote

What does the 0dte mean?

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itsnotthatbad21 t1_j6o9mq3 wrote

0 days to expiry

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Nuclearchurch OP t1_j6oad9t wrote

Okay super green here, what’s expiring?? My stock??

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itsnotthatbad21 t1_j6obi14 wrote

Options good sir. If that is your cup of tea if you are just doing stocks 30 bucks is for contribute 30 dollars a week into something you believe in

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Alternative-Season45 t1_j6o2l7c wrote

You want to blow $30 in bones? Go behind the wendys dumpster like the rest of us

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Sensitive_Pickle247 t1_j6o31xr wrote

If you only have $30 to trade I would recommend getting a library card to get some books on investing, and have your mom drive you to Wendys to submit an application

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gaurav0792 t1_j6o599g wrote

Alright, let's get some things out of the way, $30 is not a lot.

You can invest that $30, or yolo it on options. In either case, you are unlikely to make a lot of money, and it's probably not worth your time. So, save up , get a few grand and start investing in your 401k plan or a nice safe ETF. Do not come back to this sub. In the long run, you will forget about wsb, look back at what could've been , but you WILL be financially better off.

However, should you decide to not need my 'not financial advice', start by learning the basics.
There are plenty of youtube channels, books and articles that will explain the basics.
Lookup a youtube channel like Kamikaze cash. It's more than decent.

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MrBowick t1_j6oak4p wrote

Buy a sell or put option 10 days or so out priced at .30 Get In as it hits a support or ceiling, set a sell limit to 5-10 percent. Now do the same tomorrow

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OB1KENOB t1_j6obbtv wrote

Buy a fractional Tesla share. Sell when it’s worth $40.

Then buy QQQ strangle for $40 on CPI day. Sell the winning side for $60.

There, doubled my money.

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Nuclearchurch OP t1_j6obsqj wrote

What is cpi day?

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OB1KENOB t1_j6odbta wrote

Consumer Price Index. Basically buying puts/calls the day before the CPI report is announced the next morning, which causes major stock volatility

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Nuclearchurch OP t1_j6ogf58 wrote

Okay, what is a strangle??

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OB1KENOB t1_j6omhaw wrote

Betting in both directions, puts and calls on the same stock but with different strike points.

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FalconGhost t1_j6oht16 wrote

You should research what this all means before immediately losing your 30 dollars.

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MakingChanges77 t1_j6nz2v1 wrote

Go with a small cap stock that’s doing well. Not allowed to mention those tickers here.

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FeDuke t1_j6nzy32 wrote

I saw "Wendy's" but was surprised I didn't see drug related suggestions. Dope tablets, or whatever.

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mbola1 t1_j6o00rc wrote

A quicky

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ValenciaTrading t1_j6o059z wrote

Call/Puts- Long only. 35-90 DTE until you hit your numbers. Once you are bank rolling a couple g's then roll that into some blue chips stocks and let it ride.

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Nuclearchurch OP t1_j6o9slq wrote

Okay I’m pretty new, do you mind explaining further? What does dte mean?

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ValenciaTrading t1_j6oc2m7 wrote

Days to expiration. Wow... you are new. You aren't going to get approved for options so I would probably just stick to buying speculative stocks with a market cap over 500 Million.

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Nuclearchurch OP t1_j6ogn2c wrote

Very new, that’s why I’m only playing with $30 so I can understand what the hell is going on

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neeks710 t1_j6o0lfz wrote

Invest it in FanDuel and double up every day

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cmsutton1983 t1_j6o2z2s wrote

Should get you a number 3 combo at Wendy’s and 20 minutes behind their dumpster.

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Ahhmuzement t1_j6o30uz wrote

Invest in 30$ worth of crack

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grant570 t1_j6oa6zg wrote

Buy gamble crypto, by which I mean algorand ASA tokens.. You'll probably go broke, but you might become a whale with that $30 if you buy in at the right moment...

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_Inspector_Dabbit_ t1_j6oakjq wrote

Just start buying shares of beat down companies you think will survive, a little at a time

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Sherbear15 t1_j6okr0w wrote

I’m a newbie with $100 invested. Slow and steady wins the race!!

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ThrowRA__spirit t1_j6o4ihp wrote

What do you mean the mods wants you to post this? No one wants this post.

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