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At some brokers (td ameritrade in my case) you can day trade as much as you want if you give up the siren call of margin access. 
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Mar 14, 2020 12:53
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S&P 1000, Crude oil 6.50$ Sure the world would probably end shortly thereafter and the entire US oil industry would be long since thrown through the wheat thresher but heck, why not.
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Mar 22, 2020 09:48
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coronavirus posted:If you had to pick five big stocks that you had to keep for atleast 5 years before selling, what are some of the names you'd consider? Depending on how risky I wanted to be I might look at this a few different ways. If I wanted full risk on I might put something down on BYND on the grounds that 5 years from now even if we're in a really nasty u shaped recession you could probably expect some of the sting to be out of this economic free fall and people will probably have pushed this one back toward the 100$ price point. It's risky though because plant based meat is a luxury and it's equally possible that people will just decide they don't like the taste or something and it'll never hit that spot again within five years. Less risky imo would be intel. Would have been much better to play this last monday instead of this monday but I basically can not imagine a world where both stock trading is still common and possible yet computer processors aren't still in demand somewhere on earth. Cannabis stocks could be very good over this period imo, if you can find one that isn't up to its neck in shareholder lawsuits or if you don't think those will be a big deal then they are dirt cheap right now. I doubt humans will stop wanting weed anytime soon and so my only concern would be if it becomes too legal and so everyone starts growing it in their living room or their front lawn or whatever. Given the current state of affairs I would say this has very low odds of happening within five years. Johnson and Johnson is pretty cheap right now, personally I think we still have a long way down to go but in general this company brought home 15.3 billion dollars in profit in 2019, sells pharmaceuticals so no real reason to expect slowed demand from current events nor an imminent cessation of business. On the other hand by investing in this you are directly profiting from the opioid crisis as I understand it. If you believe UPS and amazon aren't going to try and kill eachother within five years you can get a decent price on UPS right now. They have lost a lot of value because a huge part of their business plan is expanding to Asian markets, obviously that isn't looking so hot now but I'd expect it to look okay in five years, barring any spats with Amazon who is like 30% of their package volume or something. I'm still pretty new to stock trading and a very small time investor so take my advice for what it's worth (very little!) but those are my efforts to come up with some names outside of the usual suspects!
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Mar 23, 2020 21:56
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gay picnic defence posted:Cheers. Any chance it's already been priced in or is it likely to create a bit of panic? Based on this entire coronavirus response by the markets I have some severe doubts that they are pricing in anything right now. It turns out that situations where there is no way to spend money to fix a problem and each person investing really just needs to make a best-guess judgement on an outcome that feels like it could really go either way is the market's least favorite way to operate. Funny that.
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Mar 26, 2020 11:59
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skipdogg posted:Cheesecake factory: "We don't have enough money to pay April's rent" If possible we should start calling these kind of market situations 'cheesecake rallies'.
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Mar 26, 2020 17:58
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My economics background is shoddy as hell but my understanding is that economists believed that deflationary and inflationary measures would cancel eachother out. Then in the 70's they discovered stagflation was real and it sucked really bad.
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Mar 29, 2020 14:59
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Jack Daniels posted:oil sub 20 Looks like the apocalypse is back on boys gonna appreciate the congrats when I'm harvesting boiled leather for my mad max raider outfit.
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Mar 29, 2020 23:55
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Droo posted:Now that Fidelity and I assume others offer free trades, what is the point of Robin Hood anymore? I think they let you buy partial shares so I guess if you wanna do that it could be an option but on the other hand I wasn't thrilled with the idea even BEFORE their monumental fuckup and so I'm not touching it!
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Mar 30, 2020 22:40
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Rime posted:This has all been publicly known for a while so I'm not that surprised, lots of fun drama in /r/wsb and the various discords tho. Pff. Coups. Let me tell ya those are a sucker's game!
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Apr 8, 2020 03:13
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I was prepping for this as soon as the announcement hit that the OPEC meeting would be moved from Tuesday to Thursday and moved out of my non-lifetime oil positions earlier today. As the price moves back downwards I'm probably going to try and pick all of the stock I sold back up and pocket/reinvest the difference.
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Apr 9, 2020 19:05
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poisonpill posted:What is the best trade on a stock that you believe is going to spike and then drop rapidly? How do you set up from no position on it? I'm really not a technical trader so when expecting this kind of event (and I'm talking REALLY fast swings here) my outlook tends to be, start by betting about half of what your brain is telling you to buy, set a sell order right after you get it and stick to it. Closing a position with a profit, even if you could have captured more of the movement, means that you're gonna have all of your money back and then some to send out fishing another day which in my view is the most important thing. Of course, this is the degenerate gambling thread so evergreen advice is to bet the house on it and let the roulette wheel spin! Big money big money!
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Apr 10, 2020 12:28
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poisonpill posted:All threads ultimately blur together. Let’s talk Star Wars next. As best I can tell, not at all. They took a big hit there books-wise just because it was a pricey 4 billion for the rights to the franchise plus the costs of making the movies and the costs of their failed toy-line launch but for the average investor I expect owning the rights to keep trying new star wars ideas indefinitely into the future is enough to keep them from losing confidence in Disney as a whole. Plus, between the theme parks and the occasional billion dollar lion king they have more than enough money to eventually put another four billion down on what Disney could only hope is a better received idea.
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Apr 11, 2020 18:05
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strange feelings re Daisy posted:Three day market weekend is the time of blood and anarchy. Forty two hours and forty two minutes until the money machine turns back on...
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Apr 11, 2020 19:48
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I'mma guess 2950, another week of crazed optimism!
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Apr 12, 2020 00:46
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Just always be losing money bing bing bong.
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Apr 12, 2020 03:12
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Soon you'll see. The Easter bunny is real and he's my friend and he's bringing me 5.7% up tomorrow and for the rest of the week. 
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Apr 13, 2020 01:10
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Personally I'm not enough of an expert in economics to have much of an informed opinion on something as complicated as stagflation, which as best I can tell economists still haven't explained properly with any given economic model, but one thing I'd like to say right here is that supply shock, seen as an integral component of the 1970's stagflation, by definition can be a major increase or decrease in prices. Now whether stagflation can be triggered by a decrease in prices combined with massive unemployment, when historically 70's stagflation was triggered by oil going in basically the opposite direction pricewise, I have no idea. But everybody should know that we absolutely are experiencing supply shock and massive unemployment which were both major components of that downturn.
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Apr 13, 2020 14:08
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Josh Lyman posted:ToS seems to be down for a bunch of people including me rip my trades
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Apr 13, 2020 18:16
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For the moment the TD ameritrade mobile browser is working if you can stomach it.
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Apr 13, 2020 18:23
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https://twitter.com/thinkorswim/status/1249751921155588096
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Apr 13, 2020 18:33
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Think or Swim browser is coming back online, standby.
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Apr 13, 2020 18:42
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Logged in, positions updating and charts have been restored.
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Apr 13, 2020 18:47
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LibCrusher posted:Tell me why I shouldn’t put 10 grand into oil ETFs and just wait for the price to double. So I have basically two reasons to give here. The first is rebalancing. This means the ETF's change precisely which assets they are using to trade options and as far as I know most/all of them do this daily. Traditionally this plus the fee associated with the ETF (a quick google is showing me between .08% and .47% with the notable exception of USO at .76%) are the reasons why these funds tend to represent a poor device for tracking the underlying value of the asset over the long term. That said as far as fees go that seems semi-reasonable and given the kind of increase you are expecting this wouldn't necessarily be a huge impediment. The other biggest reason I can give is that I'm personally expecting we have much further to fall economically for both general market indexes but also specifically the price of oil futures. My understanding is that we currently have an excess of 25 million barrels per day being produced and that OPEC has agreed to cut 9.7 million, two days ago Trump said that he was expecting that the cuts might go as high as 20 million barrels per day but frankly he has been pumping the price of oil all week and in my view the proper terminology for his assessment is best described as 'bullshit'. Looking at what we can factually expect as per OPEC cuts based on their statements on the matter I'd expect us to still be looking at a glut of 15.3 million barrels per day and even though there is currently interest in obtaining and storing these barrels long term in the united states at several storage sites there is a hard limit to how many we are equipped to take on short notice and I see no reason not to expect the price to fall further. With that in mind you will need to make a decision about precisely how long you expect to be holding these ETF's and how you expect the supply to impact prices. If you think we don't have much further to fall or if you are going to be satisfied with gains that may not reflect a larger percentage of the overall movement of the ETF, by all means go ahead and make your investment. On the other hand I've seen at least a few different analysts predicting that we can expect more of an economic decline with at least one quoted in this very thread suggesting the bottom could likely be sometime in June if our current model matches prior recession trajectories. Waiting at least a few weeks here could be a huge mistake if a miraculous turnaround happens but it could also be very lucrative. More on how I might handle this in your position later. My own crystal ball predictions are that I expect the economy to continue rallying as Trump makes good on his promise to pressure the state governors to re-open their businesses by rescinding their stay at home orders. In the past I have found that any time Trump has attempted to do something he was absolutely not legally entitled to do he has succeeded and I see no real reason to bet against this trend, I hold short positions on various ETF's but I'm strapping in with the understanding that it may be at least two more weeks before we actually start seeing the economy sputter out and around this time I expect confidence in the stock market will again falter and that indexes and many futures will resume dropping. I'm not an expert and have not been doing this for nearly long enough to suggest how best to invest ten grand but one thing I would be heavily considering in your position would be an investment now into an oil ETF of about two thousand dollars with the understanding that if in the course of the next few weeks/next month the price continues to drop my remaining eight thousand could be employed to average down and that would allow me to capture more of the movement that I am currently expecting. On the other hand the most lucrative play should such a drop occur would almost certainly be to deploy the entire sum as near to the expected bottom as possible. The primary reason I might opt for the former strategy rather than the latter is that even though I would be getting approximately one fifth of my possible gains should my analysis be incorrect and should oil proceed to rally, I would still be profiting and ultimately the insurance that should my assessment hold true and a proper bottom has yet to show itself on the markets would be very valuable to me for the possibility that I might capture a greater portion of the market movement than I might have otherwise captured had I acted tomorrow morning. In my view, especially regarding a commodity with as many diverse utilities as oil which our society has very few realistic options for replacing as an energy source in the medium term and to my knowledge could not be replaced under any circumstances as a component in plastic production, this would allow me to create a situation where I would profit from a surprise movement up and also profit over a longer timeframe should the price move down. This is generally the kind of investment I like to make when I can. Now you might want to adjust the proportion of money invested now to whatever best suits your outlook, I tend to have a very conservative view on placing money on an uncertain outcome so 1/5th down appeals to me greatly. Hopefully this was worth the time it took to read, thank you for your consideration. reignofevil fucked around with this message at 06:20 on Apr 15, 2020 |
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Apr 15, 2020 06:17
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Ten grand in exxon mobile right now will pay itself back in dividends over a period of 12.3 years definitely worth considering even not taking reinvestment into account.
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Apr 15, 2020 06:44
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Hell of a day today guys.
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Apr 15, 2020 15:35
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Got out of my short ETF's at a profit today, kinda thinking I'm gonna wish I hadn't tomorrow but I missed out on the big drop by getting greedy and waiting for a one thousand point decline instead of trusting my instincts. Ah well, the important thing is that I'll have money to play again another day!
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Apr 15, 2020 20:35
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You might not like it, but this is what peak performance looks like!
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Apr 16, 2020 13:44
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In the grand scheme I see our economic situation as tenuous as all hell but I've made some stock buys today with the intention of selling them off at whatever looks like a good spot to me tomorrow while the market is still drunk on false trump promises and misplaced optimism.
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Apr 16, 2020 20:09
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pmchem posted:TSLA's gonna claw back to 900 in a year (2020) where nobody buys cars "It's very hard to reason someone out of a position they did not reason themselves into" except for entire companies and millions of investors!
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Apr 16, 2020 20:56
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Hulk not invited onto mad money. Hulk think show not have good fundamentals but very on brand for hulk.
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Apr 17, 2020 00:07
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fougera posted:wow look at that pump go. Glad I raise cash throughout the week, this is gonna be a lot of fun tomorrow. For my own part I've elected to sell off all my "trump gonna pump" buys from today as soon as market opens tomorrow morning only time will tell if this is gonna be the right call.
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Apr 17, 2020 00:13
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MomJeans420 posted:People on twitter are bitching about TOS having slowdowns and order execution issues today, with TD Ameritrade's twitter account basically saying yeah we're having issues and investigating it I have these pretty regularly when trading at precisely 9:30 but today was much worse than usual and it took almost a minute and a half to execute some of my positions, I did tend to get pretty favorable fills at least.
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Apr 17, 2020 16:36
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2670, my gimmick guessing days are over! (Also if I win
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Apr 17, 2020 23:23
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greasyhands posted:I know day to day yada-yada etc, but is there news that I missed that helps explain oil going down nearly 10% but VDE being up 10%? I think it's mostly the president saying we're gonna be open for business again soon so everyone who is investing in the energy sector right now is expecting us to miraculously have no further problems, send everyone back to work and also we're gonna suddenly need all of those millions of barrels of oil so they're probably looking past the current pricepoint toward a bright expected future. I'm pretty sure it's not gonna hold.
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Apr 18, 2020 03:44
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I believe very firmly that the american populace, once told they can go do **thing** will rush out and do it with almost no thought for their own wellbeing at all. I believe that this will inevitably result in a terrible second outbreak and after that people will be much more cautious and suspicious of official calls for them to return to normalcy but for right now americans really want to believe that this will be over soon and I have no confidence that your average person is suddenly going to show a high degree of critical thought and cynicism when faced with being told they are allowed to do something they really want to do. Given that I'd honestly much rather we all do the responsible thing and kick this virus once and for all I'm really hoping to be wrong on this one but this is what my gut is telling me to expect. Irrational exuberance and then another crash founded in terror at a curve that we watch cease to flatten in real time and general panic selling as a result.
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Apr 20, 2020 06:22
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FreelanceSocialist posted:... And we've just eliminated all the "sane" predictions. Congrats ReignOfEvil. 
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Apr 20, 2020 13:40
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Agronox posted:
I don't need these forums to put a crown upon my head I'm already going to have one fashioned out of discarded oil drums for the oncoming mad max carpocalypse.
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Apr 20, 2020 14:13
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it isn't price is right rules, crazypeltast is closer
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Freezer posted:Wonder what's the logic behind that. We'll make oil so cheap only the rich will burn money on tesla puts!
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Apr 20, 2020 16:32
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Lote posted:$10.01! Almost to $9.99 At around 9.70$ we cross over to Reign-Country
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Apr 20, 2020 16:44
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Apr 20, 2020 17:20
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