I would assume anyone who doesnt understand this process wont even know how to set ip let alone the login to the account they can do it in lol
My point is a) trading options is incredibly incredibly negative expected value
B) copying someone elseās trades when they donāt tell you when they made them is also expected negative value
C) you generally shouldnāt believe everything you read on the internet
Pro tip, anyone with actual alpha, ie a real advantage wouldnāt be sharing it. Everyone else is mainly flipping coins with slightly less than 50% hit rates and then get slow bled on poor fills and fees, which is then magnified when you add leverage and decay via options
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Totally agree, but you dont have to police it. You will go mad.
Is this a shot at me? I wasnt disagreeing with how you manage your money.
Not at all. It was just the first reply button I saw.
Glad you made money
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S&P 500 Performance tomorrow (4/8/25 at CASH CLOSE 4:00PM EST)
- Up >1%
- Flat
- Down >1%
0
voters
Most of you appear to be right from yesterday. Well done!
WSJ:
" WASHINGTONāBillionaire businessman Elon Musk, one of President Trumpās most visible and influential advisers, is leveling veiled critiques at the White Houseās trade agenda, exposing tensions within the administration over the presidentās far-reaching tariffs.
On Monday morning, Musk posted a well-known video (https://x.com/elonmusk/status/1909169096391811304) of economist Milton Friedman touting free trade by explaining how the component parts of a pencil require complex supply chains. That followed a weekend where Musk took aim at Trumpās top trade adviser, Peter Navarro, suggesting that his push for steep and broad-based trade barriers is wrongheaded.
āA PhD in Econ from Harvard is a bad thing, not a good thing,ā Musk posted in response to a user on X who lauded Navarroās education. Musk, who leads several companies, also implied that Navarro lacked hands-on experience in the economy. āHe aināt built sā,ā Musk wrote."
Apparently going red again tomorrow.
I directly work with a factory in China. 104% tariffs essentially ends their business. Had a business relationship with them for over 20 years.
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I only own class B and A single family homes as rentals, mostly āluxuryā homes.
I decided to sell for a combination of reasons. Consumers are stretched - auto and FHA delinquencies are at record levels. RTO leading to a lot of higher income previously WFH workers leaving the city. And Trump tariffs has an enormous impact where I am.
I also have some contacts in RE development still and all the big boys are slashing new builds and offering huge incentives to move units.
If you look at last year, whenever rates dipped home sales would pick up, that hasnāt been the case for the past six months.
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RE is not my core strength, but I appreciate your insight. I only know two folks that do rentals at scale, and they both wonāt buy anything that costs more than 250k.
Yeah Iām in a completely different segment. Most of residential RE are apartments, I owned $1-2m SFHs.
Apartments are suffering from their own problems, mainly oversupply, but Iām not really involved in that market.
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Wow, thatās a completely different segment. What part of the country did you primarily own?
Ahhh I understand completely. Iām in Class B and C working class/lower middle class homes/apartments in NJ. Our market here is still very hot and demand while lower than before is still high. For me, while weāre not recession proof, weāre recession resistant. If thereās a slow down, weāre pretty well positioned. Losing equity would suck but cash flows should still be good.
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Iām in SoCal. During COVID a crapload of tech guys making $500k came down here and bought houses. Theyāre all being laid off or forced to RTO now lol.
Trade with Mexico is also gigantic for this area, nobody has any idea how tariffs will impact us.
The rent compression here has been incredible. $3m luxury homes rent for $7k a month. $800k starter homes rent for $4k a month. The top end of the rental market has been completely crushed. Tons and tons of people who got their 2% mortgages, are now forced to move, and theyāre all trying to rent their homes out to avoid selling.
I wanted to get out before that flood of rentals became a flood of selling.
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Oooph. Thatās worse than NJ. We can still get close to the 1% in some decent areas too
Florida is bad too. If I bought my condo itās 3000/mo tax. 2000/mo condo fee and thatās before interest of 7-8k a month. It rents for $5500. People that buy here are just banking on endless appreciation. Itās def topped sans hyper inflation. Makes zero sense to buy here unless youāre just getting money out of South America or something like that.
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Feel like the HOA stuff is kinda a feedback loop bc so many of the buildings had deferred maintenance that is coming due, which requires the fees to be raised and then reduces the value of the property and makes it less desirable , so people are kinda in a catch 22 where they donāt want to pay the fee but also get killed if they sell it/may be unable to sell it