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Getting excited before the market is even open?
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Mar 2, 2020 15:19
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| # ? May 21, 2024 00:06 |
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The market can't decide what to do.
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Mar 2, 2020 15:20
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LLCoolJD posted:The market can't decide what to do. #relatable
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Mar 2, 2020 15:26
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LLCoolJD posted:The market can't decide what to do. Dammit, I was hoping for a red open going into green thought the day.
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Mar 2, 2020 15:29
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Volatility is in the 30s and 40s. You’re going to get moves to the upside and downside in pretty wild swings. I also think that a lot of financial institutions have gotten crushed by the fall in the market with all their free money from the Fed. Basically all of the stealth QE money is now in the red. I suspect that was also leveraged. If the Fed stops that program or these companies have to unwind their underwater investments, we could see a snowball effect to the downside.
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Mar 2, 2020 15:46
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I know a global pandemic is sort of a black swan event but, totally theoretically, how would one even begin to gague when rock bottom will be for airlines and cruises and other transit stocks getting cratered by the virus? I figure the recovery of the giants is inevitable unless we go totally Mad Max but it still feels nice to see very little Red Number before Green Number comes back.
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Mar 2, 2020 15:48
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This is insane, I’m sorry. Sold my RSUs and stick potions and I’m getting my supposed work bonus out of this disaster to happen. Bye. e: im keeping that typo
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Mar 2, 2020 15:52
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I put some money in Robinhood for the free trades. Their interface is so barebones I was on the fence about using them and now neither the app or webpage are working this morning. LMAO what the gently caress. I've used other brokers for years and I've never heard of this happening. I only put in some test money I can stand to lose while I evaluate them but other people are getting decimated because of this. It would be bad any time but Monday morning in the middle of a developing plague crisis is especially unfortunate. It's like when an MMO server goes down except now maybe you're financially ruined!
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Mar 2, 2020 15:56
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Apparently this happens every time there's high volatility in the market. WSB is full of people bitching that they were mashing Sell on their puts this morning and got burned real bad by it.
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Mar 2, 2020 15:57
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regular mike posted:I know a global pandemic is sort of a black swan event but, totally theoretically, how would one even begin to gague when rock bottom will be for airlines and cruises and other transit stocks getting cratered by the virus? I figure the recovery of the giants is inevitable unless we go totally Mad Max but it still feels nice to see very little Red Number before Green Number comes back. Some of them weren't doing so hot before this happened, it could lead to bankruptcy or a bailout for them. The problem with airports are they are critical to some parts of the US to even get to other places and they already get the airport subsidized. I don't think it's enough to prevent failure but it might cushion the rock bottom. You can look up Essential Air Service if you want to go digging yourself.
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Mar 2, 2020 15:59
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strange feelings re Daisy posted:I put some money in Robinhood for the free trades. Their interface is so barebones I was on the fence about using them and now neither the app or webpage are working this morning. LMAO what the gently caress. I've used other brokers for years and I've never heard of this happening. I only put in some test money I can stand to lose while I evaluate them but other people are getting decimated because of this. It would be bad any time but Monday morning in the middle of a developing plague crisis is especially unfortunate. It's like when an MMO server goes down except now maybe you're financially ruined! Exact same for me. I just wanted to do some quick gambling.
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Mar 2, 2020 16:03
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I imagine restaurant chains will suffer during any type of health scare, and yep, BLMN has fallen off a cliff since Feb 21st. I should probably look at the other big ones too.
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Mar 2, 2020 16:04
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Basically every broker offers whatever RH does and I don't know why you'd use them. TD Ameritrade and Schwab both offer commission-less trading and have far, far more reliability.
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Mar 2, 2020 16:05
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CLX just ripping. Kills 99.9% red out of my porfolio.
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Mar 2, 2020 16:19
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strange feelings re Daisy posted:I put some money in Robinhood for the free trades. Their interface is so barebones I was on the fence about using them and now neither the app or webpage are working this morning. LMAO what the gently caress. I've used other brokers for years and I've never heard of this happening. I only put in some test money I can stand to lose while I evaluate them but other people are getting decimated because of this. It would be bad any time but Monday morning in the middle of a developing plague crisis is especially unfortunate. It's like when an MMO server goes down except now maybe you're financially ruined! robinhood forcing people to do the "smart" thing and not sell and they're dying to do the "dumb" thing but also lmao at the last part
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Mar 2, 2020 16:36
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Harry Potter on Ice posted:robinhood forcing people to do the "smart" thing and not sell and they're dying to do the "dumb" thing A good deal of them are trying to close calls they kept over the weekend expecting it to open green before falling. Someone in the WSB discord convinced a lot of people to do that on Friday.
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Mar 2, 2020 16:37
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Something I don’t quite understand. I’ve got about 8 toy shares total of SPY, GLD, W, and NTDOY. The shares are only slightly up at the moment, but over the weekend I somehow gained a noticeable amount of money in the Etrade cash section for that brokerage account. Where did that come from? I haven’t sold anything yet. Are those from dividends?
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Mar 2, 2020 16:38
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pixaal posted:A good deal of them are trying to close calls they kept over the weekend expecting it to open green before falling. Someone in the WSB discord convinced a lot of people to do that on Friday. I've personally been burned a couple times by RH being down when I needed it not to be. I seriously can't imagine expecting it to ever be up when you need it to be. Pocket slot machine that flashes red or maybe green? For sure. Anything else? no
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Mar 2, 2020 16:40
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VXX still up. If I had to make the gamble now, I'd bet we end much lower today.
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Mar 2, 2020 16:43
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fougera posted:VXX still up. If I had to make the gamble now, I'd bet we end much lower today. I'm not sure I'd call the whole market at this point way too close if I was going to play the SP500 I'd do a straddle today. Airlines don't look like they'll recover today though.
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Mar 2, 2020 16:45
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lol, my stale SPY calls are losing money today with the market going up because of the vol drop 
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Mar 2, 2020 16:56
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This market...
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Mar 2, 2020 17:11
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Anyone have a free link to see real-time (or, heck, lagged) intraday volume for S&P500 or NYSE or DJIA? I know people have paid charting tools to view this kind of data per quote, but, free tools?
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Mar 2, 2020 17:15
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MetaJew posted:I saw a really stupid post on /r/robinhood talking about buying UVXY calls (sure thing, can't go tits up, etc). So someone tell me how OP is going to lose all his money? I made a decent profit on this spike of volatility as I was holding a poo poo ton of VXX but I sold super early because I hate VXX due it's decay. Anyway I also bought some NVDA, DIS, AAL(calls) and more precious metals on the open.
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Mar 2, 2020 17:23
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 Well, no. The tax is not wrong, in fact it’s a good thing. I just didn’t quite understand the true value of what I held. Oh well.
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Mar 2, 2020 17:26
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https://www.finviz.com has intraday candle charts of price action right on top. Digging into it requires a sub tho.
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Mar 2, 2020 17:26
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Dwight Eisenhower posted:lol, my stale SPY calls are losing money today with the market going up because of the vol drop Same but I'll hold them because Stupid Rally is probably not over and they're nearly ITM.
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Mar 2, 2020 17:32
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This crazy +2% bounce gave me the chance to get close to hedging 100% again against another big drop. If it keeps going up I'm going in for more and getting net short. April 260s lol.
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Mar 2, 2020 17:40
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DNK posted:https://www.finviz.com has intraday candle charts of price action right on top. Digging into it requires a sub tho. hmm, I'm really looking for intraday time-histories of volume, not price. Price seems easier to find.
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Mar 2, 2020 17:45
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Yeah, my etrade ESP has reported wildly different and confusing numbers for the account value over the past week or two, bouncing up and down about 25% of the highest total I’ve seen from it. Does etrade explain how the gently caress it gets those numbers?
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Mar 2, 2020 18:06
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jokes posted:Same but I'll hold them because Stupid Rally is probably not over and they're nearly ITM. yeah I bought them to hold to expiry or close a profit just, I like the non-intuitive behavior and understanding it
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Mar 2, 2020 18:06
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Sold April 17 $100 calls on my whole GILD position for 1.05 to 1.10. I don’t even know. I triple checked to make sure I wasn’t accidentally looking at next year.
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Mar 2, 2020 19:04
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How many over-leveraged Robinhood users got bankrupted today? jfc
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Mar 2, 2020 19:12
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Tokyo Sex Whale posted:Sold April 17 $100 calls on my whole GILD position for 1.05 to 1.10. I don’t even know. I triple checked to make sure I wasn’t accidentally looking at next year. Nicely done. 68% implied volatility 
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Mar 2, 2020 19:12
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Hit Man posted:How many over-leveraged Robinhood users got bankrupted today? jfc Probably a lot
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Mar 2, 2020 19:17
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Hit Man posted:How many over-leveraged Robinhood users got bankrupted today? jfc They are doing what they’ve always done, yes.
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Mar 2, 2020 19:19
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Hit Man posted:How many over-leveraged Robinhood users got bankrupted today? jfc Most people are going to have options ending Friday, market will probably go down at least one day this week. I wouldn't call them out just yet.
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Mar 2, 2020 19:21
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Gdi I thought i had more than I actually did in company stocks and also I tried to sell at limit when I really shouldn’t have. I don’t understand how you fuckers do this, this is nightmarishly stressful. I’m getting the hell away from this.
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Mar 2, 2020 19:23
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pixaal posted:Most people are going to have options ending Friday, market will probably go down at least one day this week. I wouldn't call them out just yet. Robin Hood completely crashing means they couldn’t close their put positions at a (smaller) loss. From today’s performance and the volatility drop, they’re almost certainly never going to make any money from those puts.
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Mar 2, 2020 19:32
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| # ? May 21, 2024 00:06 |
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East coast lunch is over, time to sell.
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Mar 2, 2020 19:33
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