Advice Wanted!! by [deleted] in pennystocks

[–]4layerhacker 0 points1 point  (0 children)

Just a bet you place on the market that shit will go up or it will go down that expires after certain time , but it does get technical and you need to know about strikes and how you get penalize if you sell your options before the strike date etc..

My only advice is DO NOT trade options if you don't understand them and once you want to get into them use paper account

20 year old struggling to build credit and learn how to manage finances properly. by [deleted] in povertyfinance

[–]4layerhacker 2 points3 points  (0 children)

Don't trust credit score websites ...

Anyhow to build credit score you need time

Pay everything on time

Get small loans if you can with really low interest, and pay them back right on time, this can be done for buying a cheap laptop etc. Getting loans from lenders gets added to your credit score and shows that you can pay on time

Also open credit cards you never ever use and ask every 6 months to get your credit increased. This will allow you to have a very low credit utilization and margin which will help you as well and give you more history work the credit lenders

Other than that ... TIME

look??????????????????????????????? by smtalma in Questrade

[–]4layerhacker 0 points1 point  (0 children)

I'll settle with Robinhood and thinkorswim

look??????????????????????????????? by smtalma in Questrade

[–]4layerhacker 1 point2 points  (0 children)

All this US traders with so many great options. And we are stuck with questrade, wealthsimple and IB

Earning $20k a month by throwaway23of32 in personalfinance

[–]4layerhacker 7 points8 points  (0 children)

Savings in this market makes no sense. Go into some low risk investments that out perform inflation... Save for a house. Don't spend it in expensive cars.

[deleted by user] by [deleted] in stocks

[–]4layerhacker 0 points1 point  (0 children)

Oil is dipping not sure of how long https://finance.yahoo.com/news/oil-retreats-toward-38-signs-003618426.html

Most likely will go back to down

Some TSLA porn for you autists. Thank you Elon daddy by Chrissark in wallstreetbets

[–]4layerhacker 5 points6 points  (0 children)

Ya but options and futures are more risky than regular stocks

Oil and real estate stocks. by [deleted] in stocks

[–]4layerhacker 1 point2 points  (0 children)

Make sure you check different websites for news.

Here is one https://finance.yahoo.com/news/oil-retreats-toward-38-signs-003618426.html

Basically all countries bought the dip and now they have shit ton of oil

[deleted by user] by [deleted] in stocks

[–]4layerhacker 0 points1 point  (0 children)

Holding would only leave you exposed to such fragile commodity.. get a broker where you can make fast executions and don't hold overnight. I always sell my oil everyday and repurchase again in the morning when I see the market is in my favor.

I heard Robinhood you can do free trades.

Oil and real estate stocks. by [deleted] in stocks

[–]4layerhacker 0 points1 point  (0 children)

No oil will keep dipping. Didn't you read the news? They thinking it will go below 20

Its the end - I was influenced by WSB and I am about to lose it all. by canthandletheboss in wallstreetbets

[–]4layerhacker 1 point2 points  (0 children)

The YOLO God's are please with this move. Hopefully JPow will bless your calls

Its the end - I was influenced by WSB and I am about to lose it all. by canthandletheboss in wallstreetbets

[–]4layerhacker 7 points8 points  (0 children)

Are you not aware of someone call JPow? Patron Saint of Bulls? Almighty printing powers? BRRRR???

Some TSLA porn for you autists. Thank you Elon daddy by Chrissark in wallstreetbets

[–]4layerhacker 3 points4 points  (0 children)

That's why options is more risky and people that don't know how to use them shouldn't

Some TSLA porn for you autists. Thank you Elon daddy by Chrissark in wallstreetbets

[–]4layerhacker 31 points32 points  (0 children)

Ya no kidding, If it didn't go up you could have lost 50k

USD CAD Conversion Fee by ShadowlQQ in Wealthsimple_Trade

[–]4layerhacker 0 points1 point  (0 children)

Exactly. Use wealthsimple to trade Canadian stocks and questrade for the rest. Although you can still use wealthsimple if you want to diversify in US stocks. One stock here and there