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Here's something I should know but I'm not sure about. If I sell a stock, Schwab shows the funds as available to trade immediately. Does that mean I can literally use them that same day? Or do I need to wait out the 3 days till they're settled? I mean use them to buy another security, not for cashing out.
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Feb 4, 2020 21:44
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Ur Getting Fatter posted:Here's something I should know but I'm not sure about.
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Feb 4, 2020 21:46
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Thanks! Gonna YOLO this dumb money on a cheap SPY put I think
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Feb 4, 2020 21:49
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Ur Getting Fatter posted:Here's something I should know but I'm not sure about. Do you have margin on your account? You can trade but if you do it frequently you'll be listed as a pattern day trader.
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Feb 4, 2020 21:50
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Oscar Wild posted:Do you have margin on your account? You can trade but if you do it frequently you'll be listed as a pattern day trader. No margin, I'm too chicken poo poo for that. It's just this one trade so I'm not worried.
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Feb 4, 2020 21:51
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I bought a single TSLA $800 put just for the hell of it and made $100 in about 4 minutes. 
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Feb 4, 2020 21:54
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Ur Getting Fatter posted:No margin, I'm too chicken poo poo for that. It's just this one trade so I'm not worried. Yeah, it's a free ride violation but generally that just means you might get a phone call. Just dont close this new trade for whatever trade date plus 3 business days and you're fine.
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Feb 4, 2020 21:54
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Dwight Eisenhower posted:I own one and I think that TSLA belongs in the 200's MAYBE. Their best bet right now is autonomous uber. Bought it back when TSLA spiked ~970 for about 25% profit because take profits. Then they went ITM. Lol dodged that bullet 
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Feb 4, 2020 22:01
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The minute TSLA momentum stalls and we see -3% or 4% there’s gonna be people mashing sell.
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Feb 4, 2020 22:02
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Oscar Wild posted:Yeah, it's a free ride violation but generally that just means you might get a phone call. Just dont close this new trade for whatever trade date plus 3 business days and you're fine. Just so I can gauge my situation, what happens if the market tanks tomorrow and my put goes wildly in the green. Would selling it put me at risk of getting the trade annulled or something like that?
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Feb 4, 2020 22:03
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We might already be there
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Feb 4, 2020 22:04
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Yeah I flipped my put for a 10% gain, blinked, and it was worth 50% more.
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Feb 4, 2020 22:05
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We’re already slightly below the open. I may sell AH.
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Feb 4, 2020 22:06
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Josh Lyman posted:We might already be there Even with that drop, TSLA closed up $5 from the open. Which was up ~100 from yesterday's close.
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Feb 4, 2020 22:07
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Ur Getting Fatter posted:Just so I can gauge my situation, what happens if the market tanks tomorrow and my put goes wildly in the green. Would selling it put me at risk of getting the trade annulled or something like that? Consult your broker but generally you would get your account frozen and be limited to cash and closing transactions only for 90 days. If you dont want to talk to your broker you can search for Free Ride Violation
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Feb 4, 2020 22:08
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greasyhands posted:This is legitimately terrifying, I understand irrational markets and short term blah blah but the market is not responding to a literal black swan (Yes, China suddenly disclosing a viral outbreak and shutting down qualifies as a black swan) It's... really weird. Reminds me a little of the bliss of early-to-mid 2007, when if you were paying attention you could see the housing situation deteriorating daily but meanwhile the markets went to new highs. Chinese Starbucks knock-off Luckin Coffee (LK) is up 15% today, which puts it above levels from a month ago before the anyone had heard of coronavirus. Seems legit
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Feb 4, 2020 22:10
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That's a pretty bad operating profit guidance by F.
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Feb 4, 2020 22:10
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Josh Lyman posted:We might already be there nah I think that's just end of day profit taking I won't believe it until it goes down for like a week+ straight
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Feb 4, 2020 22:14
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I go away to gaze at Iowa for a day; what the hell is this ruckus?
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Feb 4, 2020 22:22
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This but real
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Feb 4, 2020 22:23
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Ur Getting Fatter posted:Just so I can gauge my situation, what happens if the market tanks tomorrow and my put goes wildly in the green. Would selling it put me at risk of getting the trade annulled or something like that? I got a margin agreement on file specifically to to not worry about this. Fidelity, at least, makes it very clear when trading what you can do without “using” the margin, and having the agreement on file at all eliminates settlement violations like this even if you don’t use it.
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Feb 4, 2020 22:52
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Dwight Eisenhower posted:Even with that drop, TSLA closed up $5 from the open.
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Feb 4, 2020 23:00
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Sold a few more DIS calls before close. Wish I would have dumped them all. TSLA day trade for 50%. It'll hit 1000. Probably not tomorrow or this week but it will continue to burn shorts. Fun day though.
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Feb 4, 2020 23:03
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this market is just all over the place... fundamentals out of the window. who cares
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Feb 4, 2020 23:05
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The DNC has committed to No Bernie and doing whatever it takes to get Buttigieg the nomination Trump will absolutely destroy that idiot in November. S&P 5,000 by the end of 2021.
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Feb 4, 2020 23:19
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GoGoGadgetChris posted:The DNC has committed to No Bernie and doing whatever it takes to get Buttigieg the nomination
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Feb 4, 2020 23:21
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Hit Man posted:Sold a few more DIS calls before close. Wish I would have dumped them all. TSLA day trade for 50%. I wouldn't be at all surprised to wake up tomorrow and see TSLA above 1,000.
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Feb 4, 2020 23:22
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GoGoGadgetChris posted:The DNC has committed to No Bernie and doing whatever it takes to get Buttigieg the nomination u left out a zero
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Feb 4, 2020 23:22
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GoGoGadgetChris posted:The DNC has committed to No Bernie and doing whatever it takes to get Buttigieg the nomination Yes the DNC is backing the open homosexual that immediately alienates a big chunk of the base Edit: they probably are greasyhands fucked around with this message at 00:24 on Feb 5, 2020 |
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Feb 5, 2020 00:10
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greasyhands posted:Yes the DNC is backing the open homosexual that immediately alienates a big chunk of the base I know! That's why these are the best bets at the moment  
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Feb 5, 2020 00:12
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GoGoGadgetChris posted:I know! That's why these are the best bets at the moment
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Feb 5, 2020 00:23
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Well, I went with 666 shares of Buttigieg because it's the sexy number And 285 shares of TRUMP! because that's how many electoral votes he's going to get
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Feb 5, 2020 00:28
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greasyhands posted:Yes the DNC is backing the open homosexual that immediately alienates a big chunk of the base Lol can you imagine? The DNC pushing through someone over half the country instinctively hates for a humiliation in the general? Man that sure would be crazy haha!
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Feb 5, 2020 00:50
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Comrayn posted:Lol can you imagine? The DNC pushing through someone over half the country instinctively hates for a humiliation in the general? Man that sure would be crazy haha! Hehehe
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Feb 5, 2020 01:20
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What's Peter Butt's opinion on data center consolidation?
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Feb 5, 2020 01:44
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Pete seems like a smart and good guy and this fuckery in Iowa puts a bad light on a otherwise solid candidate imo The market is buying Pete's rise
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Feb 5, 2020 03:05
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FWIW, D&D hates Pete as a Republican in sheep’s clothing
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Feb 5, 2020 03:34
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Pete worked at one of those consulting companies that comes in to your place of work, looks around, bothers the people who can extract data into providing headcount, salary, and benefits and then recommends doing the same amount of work with less people. Edit: they call it benchmarking to other peer groups and I've yet to see it done well and generally it just fucks with the morale of people working. Oscar Wild fucked around with this message at 04:52 on Feb 5, 2020 |
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Feb 5, 2020 04:48
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Thoughts on the bottom post? Taken from Twitter, I ain't no redditor 
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Feb 5, 2020 04:50
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MomJeans420 posted:Thoughts on the bottom post? Taken from Twitter, I ain't no redditor So this guy is lighting money on fire unless the stock price continues to rocket upwards?
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Feb 5, 2020 05:23
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