You are betting that a stock will be above or below a certain price in a certain number of days. If it hits the price you break even, and you profit for every penny beyond it. If it doesn't hit you lose everything.
They are on a timer with the potential to lose everything, so it is much riskier than just buying stocks. But they are much cheaper, meaning you can buy way more, so the reward is much higher.
I see the poors are pretending to be big wallet niggas again est. 2016
Hello, welcome to 'I see the poors are pretending to be big wallet gangstas again'
This hole exists as a safe space for refugees from the Facebook(MetaTM groups of the same name. Of which there have been several iterations. We mostly exist to poke fun at the state of living in poverty. While it oftentimes is unavoidable, we do aspire to not be meanspirited. Over the years we have co-opted the term 'Peak Poor' to being someone who exudes poverty, regardless of their actual net worth. Trump and Elon both exhibit the peak poor ethos from time to time while still being the top 0.000001%. You can do something peak poor and still be a good person or a generally adjusted one. We all have a bit of poor in us.
We basically fill a niche similar to fatpeoplehate with a bit less actual malice.
PeakPoor is shotgunning mountain dews at 5 years old.
PeakPoor is not people dying of poverty. While technically the greatest heights of poverty is succumbing to it this is not funny, and is a failure
of capitalism. We do not make fun of poverty to be mean spirited such as that.
Read the room, if it's punching down too hard or really digging into someone whos a sympathetic character it doesn't belong here. (basically READ THE ROOM)
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Subscribe to this hole, it's important that we get our numbers up. Love numbers = peak poor
Bonus points for making your post title some variation of peak poor. (Pinnacle of Poverty, Prowess of the Penniless)
I am looking for a mod who will help me grow this place and encourage the facebook community where the majoryity of our members reside
to migrate. Contact me if interested.
I really do love you all so very much, i'm even spending drama coin to get some banners and marseys. thanks for being a part of the community.
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How do options work? I never got them
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Call= I think the price will go up
Put= I think the price will go down
It’s alot more complicated than that but I’m at work and don’t wanna type that much.
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Ok, but do you have to actually own shares of that stock to option it?
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You can sell options without owning the underlying stock, these are called naked options and are far more risky than sell options on stocks you own.
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You are betting that a stock will be above or below a certain price in a certain number of days. If it hits the price you break even, and you profit for every penny beyond it. If it doesn't hit you lose everything.
They are on a timer with the potential to lose everything, so it is much riskier than just buying stocks. But they are much cheaper, meaning you can buy way more, so the reward is much higher.
Jump in the discussion.
No email address required.
More options
Context
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Context