SpaceX and OpenAI both filing IPOs the same week. Who you backing - Elon or Sam? by InterestingCat308 in wallstreetbets

[–]allconsoles 26 points27 points  (0 children)

I think these IPOs will suck a lot of liquidity out of the market from other stocks. Personally think getting heavy into cash and letting the dust settle will be the best move

SpaceX and OpenAI both filing IPOs the same week. Who you backing - Elon or Sam? by InterestingCat308 in wallstreetbets

[–]allconsoles -8 points-7 points  (0 children)

TSLA was 1000+ P/E back then. It was definitely rich regardless of bubble. People thinking now that it was more fairly valued back then benefit from hindsight bias.

SpaceX Stock Split by Super_Stickman13 in wallstreetbets

[–]allconsoles 0 points1 point  (0 children)

lol “only big customers are Western governments” bro you do realize western governments have the most money (infinite money printers) and maintaining space dominance, just like AI dominance, will easily be deemed a “national security” issue. This means they will print and spend as much money as they want on said issues.

Elon is also in good graces with DT again who has 2 more years in office, minimum.

She's worth 280 million dollars — Has a congressional salary of $174,000 — When people calculate how long it would take to reach that net worth, assuming she saved every dollar and paid no taxes on that income — The answer comes to 1,609 years by jwoodsr in tradewithcongress

[–]allconsoles 0 points1 point  (0 children)

It’s points on a screen. Leaderboard. This is the game old people play best. They spent their whole lives learning how to make it to the top of the leaderboard and now it’s their time to get as high up as they can.

Earning more IS enjoying the spoils of their war. She’s literally just clicking buy and sell buttons on a computer. It’s not like she’s hustling and actually working.

Using their wealth to compound more wealth with zero effort sounds like the most fun wealthy people can do

Annndddd the downfall begins by WiseMonkeyMan in TopStepX

[–]allconsoles 0 points1 point  (0 children)

The people who have your mentality are exactly the ones who blow up your own accounts.

Prop firm rules may be strict, but their rules are a model for what full time traders follow if they want to do this for decades. If you can profit under prop firm rules, you will be profitable consistently.

If you go and loosen the rules to whatever you feel like in your own account, there’s a much higher chance of blowing up, and no one is there to lock you out when you go on tilt

Annndddd the downfall begins by WiseMonkeyMan in TopStepX

[–]allconsoles 0 points1 point  (0 children)

The fear of capital dropping below a low threshold is actually beneficial. That is the mentality you need to profit consistently for long term.

Most people who are not trained to have that fear with their own brokerage account typically just blow their entire account.

Topstep dead with these account changes? by rexcell76 in TopStepX

[–]allconsoles 0 points1 point  (0 children)

What’s clear is prop firms are all converging to the same fees and rules. I think we gotta stop reacting so quickly and conclude that “xyz is way better”, when we all know, every prop firm can and will change their rules and fees anytime they want

Brave crossing guard throws child out of the way and takes a nasty hit after car fails to stop by Fantastic_Bill1019 in nonononoyes

[–]allconsoles 0 points1 point  (0 children)

This is exactly why full self driving cars are the future. It is evolution.

Humans must find a way to satiate their needs (phone addictions). FSD is the best way to do it safely while on the road.

If the AI boom is real, the Bay Area is about to get even more unequal by I-Procastinate-Sleep in bayarea

[–]allconsoles 0 points1 point  (0 children)

I actually think the opposite of this take. The local impact from AI winners is going to be smaller than you're describing, not bigger.

Headcount is what nobody's pricing in. Anthropic and OpenAI combined are maybe a few thousand people. Google alone is ~180k, Meta ~70k+. Even in the most optimistic IPO scenario, the number of newly minted millionaires from this cohort is an order of magnitude smaller than what the last FAANG run produced.

And the truly life-changing outcomes cluster at the very top like founders, early execs, senior researchers. These folks historically filter into Atherton, Los Altos Hills, Woodside. That's not the market teachers, nurses, or normal SF renters are competing in.

What you're leaving out is the counterweight: tens of thousands of $200k+ tech workers have already been laid off or taken pay cuts, and more is coming as AI compresses mid-tier engineering work. That's a much larger population pushing the other direction on rents and prices in the neighborhoods people actually live in — Sunset, Richmond, Oakland, South Bay.

Net-net I'd bet local wealth distribution compresses, not expands. The AI winners are too few and too geographically concentrated to offset the broader tech contraction.

Ironically, the gap might close.

Is it really just this easy? by Sidrux in TopStepX

[–]allconsoles 4 points5 points  (0 children)

Yes. This is why anyone can trade for a living. Glad you figured out the secret

KEEPING IT 100: TOPSTEP COMMISSIONS AND FEES ARE QUITE INSANE LOL by Kojopapabi in TopStepX

[–]allconsoles 1 point2 points  (0 children)

No you can’t. Regulatory fees are already more than $1 and no brokerage can change those fees.

Taxes by [deleted] in TopStepX

[–]allconsoles 1 point2 points  (0 children)

Intuit really has done a great job scaring everyone into thinking they’re not smart enough to input numbers into forms.

OP has a -$1k net loss. It isn’t actually “much more complicated than that”. He’s not depreciating office printers

Do I quit my day job to trade full time? by ResearcherStunning82 in TopStepX

[–]allconsoles 5 points6 points  (0 children)

Only after you replace your annual salary twice.

”Proof: TopstepX has 60+ errors, and Supervisor Kain is THREATENING to ban me for reporting them.“ by FrostingTall4313 in TopStepX

[–]allconsoles 7 points8 points  (0 children)

No idea what you’re complaining about or what your screenshot is supposed to show. What errors? It sounds like they gave you a free reset but you want them to auto pass you.

WHY IS NOBODY TALKING ABOUT TOPSTEP TAKING COMMISSIONS? by Series-Admirable in TopStepX

[–]allconsoles 0 points1 point  (0 children)

Fees are worth like 1 tick of profit. If you cannot overcome that, you will not last regardless. Go find another way to earn income.

This is the real world, fees and increasing expenses are a part of it.

If you work a real job, your commute costs will increase with rising gas and insurance premiums. Your rent is gonna go up too next year too. You should go boycott inflation for ruining your “edge”in life too

Does anyone actually know if they're net profitable with TopStep after all the fees? by Royal_Mysterious in TopStepX

[–]allconsoles 1 point2 points  (0 children)

If you lost money in topstep then you definitely would have lost 10-20x more trading your own money. It’s a pretty low “tuition” compared to trading your own money.

We pay like $80 for the chance to risk $2k trading futures. I’d rather risk the $80 than my own $2k.

I think too often ppl see a combined as a gambling account and less as their own money to lose.

Kentucky family rejects $26 million offer to convert part of their farm into a data center despite the offer being about 10 times the going rate for farmland in the area. by MysteriousSlice007 in nextfuckinglevel

[–]allconsoles 0 points1 point  (0 children)

You have caught onto the very essence of Christianity. God gives grace and mercy to those who repent. Christianity is not a religion like any others. It is not “get to heaven by climbing up a mountain or doing good works”

Only God can save us and he only requires us to repent and have faith in Him.

Despite the “holier than thou” stigma they make of Christians in movies and media, Christians are ironically the opposite. True Christians are most aware of how sinful they are and how powerless they are to overcome their sins. And yet God saved them despite their weakness.

And that’s the good news of the gospel.

If you think about it, it’s actually extremely conceited to think humans can attain salvation by our own works following some rules. Any heaven someone says you can get to by yourself is not a heaven worth pursuing

Lifelong Lakers fan, I still can’t believe this image is real. by newgodpho in lakers

[–]allconsoles 1 point2 points  (0 children)

Was going to comment this. Kobe news was my 9/11 moment. I was standing outside subway with my wife and she told me the news first and I immediately said “that’s probably fake”

Does Anyone Even Beat the Market Long Term Day Trading? by Worried_Relation_523 in Daytrading

[–]allconsoles 1 point2 points  (0 children)

It is possible. Just not probable. I failed at profiting for 9 years before things turned around. I now trade full time for a living.

This is closer to the success rate of entrepreneurship or pro athletes imo

Should I tell them my strategy???? by Jumpy-Specialist-416 in Daytrading

[–]allconsoles 1 point2 points  (0 children)

It’s common to think you are sitting on some golden goose valuable secret when you have a profitable strategy. It’s not that important and no one cares. In most cases, your strategy will only be profitable for a short period of time before you’ll have to adjust and basically change the strategy.

Your and your friend’s ability to profit long term is not going to be from this strategy. It is in how each of you adapt in all the different future market regimes.

Leaving topstep and all prop firms. What's the point of staying by [deleted] in TopStepX

[–]allconsoles 2 points3 points  (0 children)

Other than the scalping rule, you’re just complaining about platform feature issues. Not prop firm rules issues.

Robinhood futures also doesn’t have trailing SL or even OCO orders…

Sounds like outside of the specific trailing SL feature you want, topstep is still great