I teach you how to trade options to earn income with minimal risk | Paid off $64,415.15 of Consumer Debt in 20 Months | Tweets Are My Own | NOT Financial Advice
Married Couples should have 4 Bank Accounts IMO
(1) Joint Checking for all household expenses
(1) Joint Online High Yield Savings for the Emergency Fund
(2) Personal Checking (1 for each spouse) for all personal purchases
This setup keeps the Budget clean from personal use.
Please note that #FINRA has approved that the #PDT rule requirement for day trading will be decreased from 25K to 2K. We anticipate this change will occur in 2026. @tastyliveshow
This has been a public service announcement
I would sit on my hands until the S&P’s go +/- 100 at minimum, don’t get chopped up or try to predict where the market is going. Longs and Shorts will both have opportunities to make money today.
$SPX upper edge of weekly expected move is 5412.39.
Market doing exactly what was expected so far this week.
180+ points of volatility still priced in for Friday expiration.
I’m basically saying, hold onto your seat, this ain’t over by a long shot.
Keep your risk tight!
I hope this rip allowed a lot of people to get out of bad positions/recover some losses.
Don’t go high five just yet though…
VVIX is above 140 (anything over 110 and the volatile moves will continue)
VIX over 30.
Volatility Futures still in backwardation.
Traders Market.
“The stock market is crashing!”
No it’s not, we were at these levels 6 months ago 🥱
We’re not even down 10% YTD
Volatility futures barely spiking.
Buy the rumor, sell the news.
This is nothing but an opportunity for those that weren’t buying back in September 2024.
@GuyTalksFinance Maybe I’m reading this data wrong but I’m looking at it as there is going to be less supply in the near future, so prices aren’t going to come down anytime soon.
BREAKING: Total US household debt increased by $109 billion in QQ 2024, to a new record of $17.8 trillion, according to the NY Fed.
Breakdown of the large categories:
1. Mortgage Debt: +$77 billion to $12.52 trillion
2. Auto Loans: +$10 billion to $1.63 trillion
3. Student Loans: -$10 billion to $1.59 trillion
4. Credit Card Debt: +$27 billion to $1.14 trillion
Total household debt in the US is now up ~25% in 3 years and has hit a record high for 4 straight quarters.
Americans are "fighting" inflation with debt.
@GuyTalksFinance Did it 8 months ago, actually probably double that amount of a pay cut. No regrets.
The money will come back in time and I’ll have enjoyed many more years of my life spent with my family instead of stressed at work.