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BossRighteous posted:This is somehow a very good thing. It's because they only allow "cash accounts", it's an SEC rule that your trade has 3 days to clear the sale of the stock before you can use it again, otherwise it's called "free riding", which a broker is required to restrict your account for. The other type of account is a "margin account", which Robinhood will be offering soon. Then there's no free riding stipulation, but you run into day trading rules, where you can't make 4 intraday trades in a week or you get restricted, unless you have 25k+. Also you can buy stocks on margin then (using more money than you have in your account..borrowed money..where the real fun is) I'm doing pretty well so far with my (tiny) Robinhood account but I don't want to give any details lest I give someone the wrong impression about how easy this is. Balls of steel gents, that's what you need. Big hanging balls
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Jan 23, 2015 12:08
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I'll post a tip when I think of my next one but you're all gonna have to take it with a HUGE grain of salt because I'm a borderline retard who will shove my chips at the slightest sense of a positive outcome. I've worked in stock trading before but you can't fix stupid and reckless basically. Roll the dice niggas
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Jan 23, 2015 12:12
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IzzyFnStradlin posted:stockbrokers are snake oil salesmen. it's been proven time and time again that they can't beat the natural rise of the market over any extended period of time. it doesn't stop everyone thinking they're some kind of loving savant that can beat the market without access to private information one of my friends has a phd in maths and he and a friend set up a trading bot and fed it money, arguing with me vehemently that the market was not weakly efficient and the apparent brownian motions on that basis were not in fact random a few months after that he stopped talking about it and strongly resists my attempts to draw him into discussion
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Jan 23, 2015 12:48
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lol the referrals are based on how many other people you refer in just use your referral link and a proxy to sign up with more accounts in your browser I jumped ahead like 350k just now. can't wait to lose some money gambling on bullshit no one actually understands.
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Jan 23, 2015 13:34
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drat A Cop, you were right about CSIQ so far. Up .30 in just 20 minutes. Hope you managed to get some money in before this morning.
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Jan 23, 2015 15:52
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FXCM is currently playing in the poo poo, selling at ~3.50 yesterday looks real good right now. Imma wait it out though, good thing im in from 2.24.
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Jan 23, 2015 15:55
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My hot tip of the day continues to be FXCM, however it is important to remember that stocks are heavily impacted by feelings, and emotion. So I recommend buying 69 shares on a limit order at 2.65 .. the funny numbers will cause your emotional vibration to match tehat of the stock, and in turn send it soaring.
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Jan 23, 2015 16:19
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I just did exactly that and what do you now...2.85. I know my stuff.
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Jan 23, 2015 16:20
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Phlairdon posted:drat A Cop, you were right about CSIQ so far. Up .30 in just 20 minutes. Hope you managed to get some money in before this morning. I stole that tip from the bis/fin thread but gently caress!!! I'm unable to purchase it because of robinhood....not sure why. I sent them an email about it. Maybe because it's foreign or some poo poo? Canada?? Idk.
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Jan 23, 2015 16:24
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buy GOOG
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Jan 23, 2015 16:27
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What is the difference between an IPO and a regular stock?
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Jan 23, 2015 16:31
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vInitial public offering (IPO) or stock market launch is a type of public offering in which shares of stock in a company usually are sold to institutional investors (that price the company receives from the institutional investors is the IPO price) that in turn sell to the general public, on a securities exchange, for the first time. Through this process, a private company transforms into a public company. It's basically Evolution from Pokemon
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Jan 23, 2015 16:34
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Helmholz posted:What is the difference between an IPO and a regular stock? IPOs generally you can't get in at the real good prices and by the time they are available all the insiders just sell into the latecomers (who think they're early) and they lose their shirts. Not always true but usually. There is no technical difference though, an IPO is just a new stock.
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Jan 23, 2015 16:36
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Lets all trade stocks ironically Here..have this stock..heh
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Jan 23, 2015 16:38
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im investing in taint stocks, and then reaping stocks seperately
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Jan 23, 2015 16:39
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Sorry about the gains today, all. At least my hot pick is still good, if you got in at 2.69 like I suggested. Where's the money,,,where's it hidinge.
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Jan 23, 2015 18:40
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Redacted
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Jan 23, 2015 18:49
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I think we all helped some people pump and dump lol. I'm rating FXCM a HOLD, for a year. Starting today.
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Jan 23, 2015 20:09
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If the yahoo finance FXCM boards are to be believed, we all might get rich sooner than we could have possibly imagined..
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Jan 24, 2015 01:37
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lol let's all hope for the best, if only for Zoe of Spartazoeofsparta posted:I am ruined got a margin house call http://finance.yahoo.com/mbview/thr...=la%2Cd%2C0%2C3
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Jan 24, 2015 01:41
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I'm jealous of this hot trading action
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Jan 24, 2015 01:43
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Lol at all of this http://finance.yahoo.com/mbview/use...e0eb8cd8c7&lv=e
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Jan 24, 2015 01:55
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There needs to be a yahoo finance weekend web
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Jan 24, 2015 01:55
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You sure do bump your own thread a lot.
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Jan 24, 2015 02:05
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I don't care about bumps.
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Jan 24, 2015 02:06
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just bought 10000 shares of GMTS
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Jan 24, 2015 02:07
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just sold everything for a tidy proffit
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Jan 24, 2015 02:09
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a cop posted:I stole that tip from the bis/fin thread but gently caress!!! I'm unable to purchase it because of robinhood....not sure why. I sent them an email about it. Maybe because it's foreign or some poo poo? Canada?? Idk. Some stocks, such as over the counter stocks, can't be traded online. That may be the issue.
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Jan 24, 2015 03:16
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Fuckstick posted:Some stocks, such as over the counter stocks, can't be traded online. That may be the issue. It's this Robinhood posted:Hi a cop,
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Jan 24, 2015 03:26
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a cop posted:vInitial public offering (IPO) or stock market launch is a type of public offering in which shares of stock in a company usually are sold to institutional investors (that price the company receives from the institutional investors is the IPO price) that in turn sell to the general public, on a securities exchange, for the first time. Through this process, a private company transforms into a public company. It's basically Evolution from Pokemon L O L
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Jan 24, 2015 03:28
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If anyone has an extra invite they could PM me I'd really appreciate it and actually use it. I've been on the waiting list since May and there's still 157,000 people ahead of me somehow. edit: got an invite, thank you kind goon! robot fucked around with this message at 22:24 on Jan 24, 2015 |
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Jan 24, 2015 03:30
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i'd invite you but i'm too busy trading stocks making that crazy cash monies
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Jan 24, 2015 03:30
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Tautologicus posted:It's because they only allow "cash accounts", it's an SEC rule that your trade has 3 days to clear the sale of the stock before you can use it again, otherwise it's called "free riding", which a broker is required to restrict your account for. The other type of account is a "margin account", which Robinhood will be offering soon. Then there's no free riding stipulation, but you run into day trading rules, where you can't make 4 intraday trades in a week or you get restricted, unless you have 25k+. Also you can buy stocks on margin then (using more money than you have in your account..borrowed money..where the real fun is) none of this has ever made any sense to me it sounds like when nerds talk about D&D
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Jan 24, 2015 03:31
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Tautologicus posted:IPOs generally you can't get in at the real good prices and by the time they are available all the insiders just sell into the latecomers (who think they're early) and they lose their shirts. Not always true but usually. There is no technical difference though, an IPO is just a new stock. Yeah average joe investor gets a inflated price while institutional/smart money gets the lower price.
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Jan 24, 2015 03:31
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robot posted:If anyone has an extra invite they could PM me I'd really appreciate it and actually use it. I've been on the waiting list since May and there's still 157,000 people ahead of me somehow. Invite another email address of yours (i don't have any more invites), i got on the list and was in within 5 days of doing that. Lol 8 months waiting
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Jan 24, 2015 04:50
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invest in bitcoin bros. its only going up!
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Jan 24, 2015 05:18
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Zeike posted:invest in bitcoin bros. its only going up! it's low now, time to buy
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Jan 24, 2015 05:19
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Neurosis posted:it doesn't stop everyone thinking they're some kind of loving savant that can beat the market without access to private information lol
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Jan 24, 2015 05:21
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Neurosis posted:it doesn't stop everyone thinking they're some kind of loving savant that can beat the market without access to private information Different market players utilize public information differently, and the information keeps coming..hth
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Jan 24, 2015 05:41
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Also about your math friends, the creators of the black-scholes model lost money using their model in the market whenever they tried to make a trade..a good mathematician does not a good trader make
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Jan 24, 2015 05:42
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