Recent comments in /f/wallstreetbets

YouAreStoopud t1_j9hw1i9 wrote

I have no idea what kind of engineering you got into, but a buddy of mine went into electrical and basically sat around playing videogames in a cube being the Maytag repair man for some auto manufacturer. Made damn near 6 figures for it, too.

He just had to move to where the work was. Kind of a downside, sure - but he did well for himself.

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DesmondMilesDant OP t1_j9hvtpc wrote

Sir in all of this part 1, part 2 , part 3 series why do you think that i just randomly made things up like 1-2 months ago and said SPX will go $3200. This thesis is basically my stagflationary thesis back from summer of 2022 when i said :

March 16 bottom -> April top -> June 15 bottom ( turned out to be June 16 swiss franc bottom ) -> Aug 15/16 top ( nailed this one ) -> Oct 2nd week bottom -> Nov 2nd week top ([Nov 4th week) and then we have a Q1 disaster where Jan will be high Vix and bottom by March. It turned out to be a giant mistake in my calculations but i am still optimistic for some kind of lower lows in Q1.

That's it. Now fundamentally you can debate with me no this has changed or that. Or how Fed will never let markets crash. Or how there are sufficient bank reserves. I totally get it. I might agree with most of your pts just because i am not really from the economics side. I am just a simple Flutter developer who just fell in love with stocks and crypto. I never read a book on economics nor did i learned any trading skills although i may have taken just one class on Ecom but i totally fell asleep. So of course you know better than me.

Everything i learned about finance is from watching interviews of Peter lynch, Warren buffet, Soros, Napier, Minerd, Drunckenmiller, Templeton, Eisman, Grantham, Dalio, Chanos, Ichan, Tepper, Paulson, PTJ, Ackman, Einhorn and so many other legendary investors. I even made a compilation video of them speaking about economic slowdown and how everyone should just follow it instead of watching some Yt or Twitter expert or anyone else.

Legendary Investors

So whenever i say Q1 disaster its just because i am biased. I cannot change my stance because that would be a huge disrespect to all of the people who have faithfully watched this series since last yr. So if i am wrong so i be wrong but i will try everything in my power to atleast make an attempt for lower lows in Q1 itself. No matter how bad the odds are. My recession playbook will be shared when i see lower lows in SPX. Only then will i decide should we go to ATH and then crash -50% with stag route or should we go deflationary bust route to $2500 and lower. Right now if you ask me i will take the stag route to S&P5000 and then crash -50% for recession 2024 but again before it happens i want Q1 disaster.

So good luck to you sir! Have a great trading week. Regards Desmond

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69420ballspenis t1_j9hvck3 wrote

Isn’t just under 400 in the 390s? I can tell you it sure as shit isn’t 407-427. Sorry your ego is hurt. I’ll just continue to hold my July 405 puts I bought back in the 410s because I’m not a broke gambling regard and can afford theta.

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EEazy89 t1_j9huoco wrote

Yeah. And it’s still February. If the Spy down to 380 even those options would make him back thousands. If they were 1-2 weeks from expiration I’d say sell. But he’s got almost 3 weeks more actually.

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Walla_Walla_26 t1_j9htxqy wrote

Lol, yea damn you are having a hard time. I used my degree to get into the power industry as a system operator. Operations is where the money is. I’m going to be a supervisor after 12 years plebbing around making over $100k for most of it

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DisAccount4SRStuff t1_j9htf33 wrote

Engineering sucks so much, I hate my job every day. The pay isn't even good unless you try to snipe management (know one engineer that likes people?) or get a masters and then get forced into management anyway because you're over qualified for anything else. Engineering has been a waste of a stem pursuit for me, finance would have been better. On top of that if your if you are not a software engineer you're probably working on some form of physical product or system making WFH less likely and feasible. Fuck even HR would have been a better bet, they often paid at least the same, they barely do anything, and the ladder in that field is super easy to climb. Engineering is all of the work, none of the respect. Fuck I hate Engineering I was told I was supposed to make money .

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