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Guinness posted:Whoa, down 90% in after hours? WTF happened? I always thought those kinds of "gently caress-ups" were darkpool trades from earlier in the day. Pretty sure darkpool volume doesn't need to be represented at time of sale.(anyone?) Also regarding Discount vs Direct brokers: I used a direct broker for a short time. There's some cool stuff like ECN rebates, some esoteric ordertypes, loaned-stock interest, and obviously improved order latency. However, with that, you'll usually get some lovely software that was made in 1994, and increased software and data fees. You might pay $0.30/100shares but you might also have $100 in software and data fees, so you have to decide if the lower commission is worth it.
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# ¿ Jan 10, 2011 07:11 |
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# ¿ May 20, 2024 13:43 |
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Tuff Ghost posted:Any thoughts on V for the short term (6mo-1yr)? I realize that regulation fears are driving down the price, but it still seems undervalued... Thinking about going long too. Looks pretty good at these levels especially in that timeframe. shrike82 posted:
I've used thinkorswim.com's paper trading and I enjoyed it. darkhand fucked around with this message at 18:01 on Jan 25, 2011 |
# ¿ Jan 25, 2011 17:58 |
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Does anyone have experience closing brokerage accounts and reopening them for lower introductory commissions? Specifically TD Ameritrade has a thing now for 1.75 option trades. There's a lot of spreads where $3 dollar commission is just not very profitable. darkhand fucked around with this message at 10:23 on Aug 19, 2015 |
# ¿ Aug 19, 2015 10:21 |
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Trading the news is what the public does, and the public 90% loses money. News should tell you where volume and liquidity is, that's it.
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# ¿ Aug 19, 2015 14:51 |
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Dwight Eisenhower posted:Honestly days like today make me question if I should even be trading. There's a reason options are hot lately, it's because they let you build real strategies. Strategies don't always work, but you at least know what to tweak if you have one. Let's say your vehicle has huge implied volatility, look at selling Verticals (or other credit spreads). They give you a delta bias of your choosing, and short vega. If low volatility you can do debit spreads, or look to go long theta. Stuff like that, for brief periods of time, lets you become the house instead of the gambler. That's just a dumb example, but there's million billion different strategies. darkhand fucked around with this message at 15:20 on Aug 19, 2015 |
# ¿ Aug 19, 2015 15:16 |
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I'm not a tax advisor but y'all should look into electing mark-to-market before the deadline if you trade a lot. Wash sale rules on nontrader tax is the dumbest poo poo and can make you pay taxes on capital gains even if you lost money. As always, talk to a real advisor to see if you're eligible, might have to ask a few people because I think tradertax guys are pretty uncommon. darkhand fucked around with this message at 18:16 on Aug 24, 2015 |
# ¿ Aug 24, 2015 18:13 |
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Goodpancakes posted:Is it time for me to move out of Cheeto and Dota2 hat futures? Roll into morphling futures to stay liquid imo
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# ¿ Aug 26, 2015 00:35 |
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All this doubt on gopro but no one is bearish on apple? Their whole game is innovation and they have innovated anything in like 7 years
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# ¿ Sep 15, 2015 06:08 |
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The churn is real; gonna be hard to be right on anything right now.
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# ¿ Sep 22, 2015 04:49 |
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That's why I like selling verticals, you can be wrong and only lose 50bux, you can be right and get 50bux and you don't lose all your profits through transaction fees. (And you still win if the market does nothing) Even when you are bearish, like I have been, you can still get knocked out of a trade like this month when the market just churns. So I set up my verticals with very defined risks and just let them ride till profit. You can also hedge around with selling opposite verticals, like a put spread to your call spread; basically legging in and out of an iron condor. darkhand fucked around with this message at 18:43 on Sep 28, 2015 |
# ¿ Sep 28, 2015 18:40 |
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The order was probably filled immediately when the price was at your limit, and the confirmation delayed until it was cleared. I cannot imagine it took 3 days to fill if it was trading at your price.
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# ¿ Sep 30, 2015 18:30 |
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Unless you get a really low fee broker(robinhood?) You'll wring your account through commissions trading small lots in individual stocks imo. Even with robinhood you have to make up the difference of the widened bid ask spread. You can trade covered calls in an IRA I think and they are pretty low risk.
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# ¿ Oct 6, 2015 17:03 |
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Why would you read the news, unless it's a fed meeting?
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# ¿ Oct 6, 2015 17:23 |
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Liabitcoins
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# ¿ Oct 6, 2015 21:24 |
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I wouldn't call anything in this thread investing or decision making. Not that any of that really matters to trading anyways, imo. Just throw a couple bucks at stuff.
darkhand fucked around with this message at 04:02 on Oct 7, 2015 |
# ¿ Oct 7, 2015 03:57 |
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Traditional broker prices suck for anyone with small accounts. Robinhood seems to be better if trying to trade odd lots. I'm a huge fan of options because I can make a play in Google or something without needing a million dollars. Most of the more "direct access" brokers have higher minimums and software/data fees but can become cheaper if you trade a lot. darkhand fucked around with this message at 23:01 on Oct 28, 2015 |
# ¿ Oct 28, 2015 22:58 |
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Could be a couple year play, but USO is looking pretty good here.
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# ¿ Nov 15, 2015 23:08 |
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greasyhands posted:Who knows someone who uses square? A lot of super small businesses and mall kiosks things use them. darkhand fucked around with this message at 04:55 on Nov 19, 2015 |
# ¿ Nov 19, 2015 04:52 |
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Pawn 17 posted:Does a short transaction move the price? Like if a stock is at $10 and someone shorts it at $9.9, does that make the stock's new price $9.9? If so then I can understand with shorts bidding lower and lower to borrow shares. You are taking away liquidity so yeah somewhat. Mostly think about liquidity around a theoretical value. If someone wants to sell right now, they hit the bids and knock out liquidity to a wider level. If there might be asking prices at 10.02 , 10.01 and bids at 9.99 , 9.98 then theoretical value is 10. But if someone shoots a market order to sell and takes out all the liquidity at 9.99, the bids are at 9.98 and the theoretical value is 9.995 Pawn 17 posted:Also, I don't understand at all how etrade allowed him to make the trade in the first place. Seems like bad risk management on their part (as well as his obviously). If traders who get their accounts blown up declare bankruptcy, then the broker eats the cost, so why would a broker allow a crazy trade that could lose so much more than the account value? With 25,000 in cash most brokers give you 4x buying power, so $100,000 worth of stock margin. They don't give this to you to be an idiot though, the dude probably had it all leveraged into one position. And if suddenly the market opens and the stock is magically 4000% higher or whatever, they're hosed, you can't really predict something like that. darkhand fucked around with this message at 09:41 on Nov 20, 2015 |
# ¿ Nov 20, 2015 09:34 |
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The money has to go somewhere, where else should it go?
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# ¿ Nov 20, 2015 23:29 |
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Don't let that shorting kbio story put you off from margin. It can actually be safer a lot of times to trade on margin as long as you don't use it as leverage and let's you trade with "unsettled funds."
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# ¿ Nov 23, 2015 20:04 |
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theoretically puts will inflate with volatility as well, and volatility expands when markets move (like in a crash), plus lower fees, and also gamma momentum. And yes, you have the potential for higher upside.
darkhand fucked around with this message at 22:06 on Sep 10, 2016 |
# ¿ Sep 10, 2016 22:00 |
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I covered some spy bear spreads but I'm just sitting on nothing. I had some strangle things going in FCX a few months ago, maybe that'll pick up again.
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# ¿ Sep 13, 2016 18:32 |
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Jewce posted:That's fair and a good point. I think I have a good grasp of asset allocation from working with my advisor on my current investments. Doing things like maxing out my Roth IRA, investing mostly in US equities comprising mainly ETF's with a couple index funds as well as individual stocks like Google, Netflix, Amazon, and some others that I expect to hold for a long time. I've got some money in INTL equities, all funds, and then some money in emerging markets, and the least in a money market. With options, verticals specifically, you can have defined risks, and you can fine-tune what you're willing to risk with any given trade. Like if you only want to risk 100$, and you can still have an actual foot in the market and make a lot of trades with 5k. I think longevity is good if you want to speculate without blowing up with a month.
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# ¿ Sep 21, 2016 16:24 |
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Got some high quality copper to sell, make offer
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# ¿ Dec 16, 2016 19:40 |
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Yeah I love FCX, it's wild
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# ¿ Dec 16, 2016 19:50 |
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# ¿ May 20, 2024 13:43 |
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I do a lot of pears and commode trading. I take a copper peice then trade it for a tinny, then trade that for some pears
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# ¿ Dec 19, 2016 23:39 |