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Pollyanna posted: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. I feel like whatever you have been going on about (something about RSUs or ISOs?) doesn't belong in this thread. We are here to gamble. Baddog posted: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. Yea just the other week, posters here were praying for a "dead cat bounce" to short. Step right up everybody!
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Mar 2, 2020 19:34
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This is what a top/bottom looks like. Higher vol until the numbers start to come in and then the market will freak out and tank or think the liquidity injections are going to keep the market bueno.
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Mar 2, 2020 19:34
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Question: I recently "upgraded" my etrade cash account to a margin account, but now it seems the platform automatically splits whatever I buy into a 1:2 cash:margin ratio. This is dumb because I want to hold some securites, and I'd rather not put margin into the ones I plan on holding for a while, especially at etrade's 10% margin rate but I can't see any way of adjusting it. Is the way margin accounts work with pretty much every broker?
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Mar 2, 2020 19:35
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Lol ibio wtf happened
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Mar 2, 2020 19:36
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Anyone else watching the cnbc front page refresh? Dow jumps Its not even 2 pm yet!
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Mar 2, 2020 19:40
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Colonel Taint posted:Question: I recently "upgraded" my etrade cash account to a margin account, but now it seems the platform automatically splits whatever I buy into a 1:2 cash:margin ratio. This is dumb because I want to hold some securites, and I'd rather not put margin into the ones I plan on holding for a while, especially at etrade's 10% margin rate but I can't see any way of adjusting it. Is the way margin accounts work with pretty much every broker? This is not how margin account works (and im on etrade as well). I only go into margin when I run out of cash. Are you sure you have settled cash in your account to cover what you are buying? Maybe give them a call and see if you can have someone walk you through the screens, it's not robin hood, they have support. Don't click a mouse and lose your house now that you are in options.
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Mar 2, 2020 19:40
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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? To add to this once more, being long vol has consistently been one of my best trades. I always buy OTM vix leaps when I see vol being below 15 or put/call ratio being at an extreme.. This time I also got some VXX but I normally prefer just VIX options. It is a risky trade but the leveraged upside is great with options and you have some sort of protection. That being said right now I have bought otm VIX puts but I still have kept a very small amount of VXX incase the vol explosion would have continued from last week.
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Mar 2, 2020 19:43
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Sold off my CODX this morning that I had bought on Friday for some quick profits. Feels good.
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Mar 2, 2020 19:43
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Okay, I don't think it's climbing a whole lot more today so I loaded up on shorts. Let's roll the dice!
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Mar 2, 2020 19:44
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Colonel Taint posted:Question: I recently "upgraded" my etrade cash account to a margin account, but now it seems the platform automatically splits whatever I buy into a 1:2 cash:margin ratio. This is dumb because I want to hold some securites, and I'd rather not put margin into the ones I plan on holding for a while, especially at etrade's 10% margin rate but I can't see any way of adjusting it. Is the way margin accounts work with pretty much every broker? I don't use them but on mine if I sell a stock for $1,000 then buy a stock for $1,000 until the sell clears it will show I'm using $1,000 of my margin. Cash transfer is instant because I have my bank account with them as well but if I transferred cash from another bank then bought stock it'd show a hit on my margin. I'm fairly certain this is also in according with regulations and rules so it should be the same everywhere.
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Mar 2, 2020 19:46
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fougera posted:Anyone else watching the cnbc front page refresh? Did you see it last night? Chinese stocks surge beyond 3% despite factory activity plunging below expectations That PMI was lowest on record
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Mar 2, 2020 19:51
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*double post*
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Mar 2, 2020 19:51
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I will be 80 years old and tell my great grandchildren "No one knew why the gently caress Tesla was at over 700 bucks a share, but it was" Why yes I hold puts, why do you ask
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Mar 2, 2020 19:54
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orange sky posted:I will be 80 years old and tell my great grandchildren You can buy puts out 80 years?
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Mar 2, 2020 19:55
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Pollyanna posted: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. yessss, yessss 
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Mar 2, 2020 19:56
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300 is the big line
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Mar 2, 2020 20:37
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Colonel Taint posted:Question: I recently "upgraded" my etrade cash account to a margin account, but now it seems the platform automatically splits whatever I buy into a 1:2 cash:margin ratio. This is dumb because I want to hold some securites, and I'd rather not put margin into the ones I plan on holding for a while, especially at etrade's 10% margin rate but I can't see any way of adjusting it. Is the way margin accounts work with pretty much every broker? Are you sure you're reading that correctly? Your "available margin" will go down, because now you're invested in something, but you shouldn't actually have any margin loans out. Take a look at your cash.
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Mar 2, 2020 20:38
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Woodchip posted:300 is the big line I just came to post that I feel like we are going to be playing with SPY 300 for the next few weeks at this point.
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Mar 2, 2020 20:41
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Today will close red, 296
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Mar 2, 2020 20:44
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Costco's doin' real nice. PBUC
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Mar 2, 2020 20:47
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Yeah after 300 it’s 290 and 275.
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Mar 2, 2020 20:52
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I think 300 is a nice round number, we're going to see it a lot.
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Mar 2, 2020 20:53
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jokes posted:Costco's doin' real nice. PBUC Costco is selling a lot of toilet paper and rice. For the next month at least.
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Mar 2, 2020 20:53
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Can’t even TLH with 3000
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Mar 2, 2020 20:55
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Agronox posted:yessss, yessss loving enjoy your insane garbage, I’ve got Not Losing It All to do. fougera posted:I feel like whatever you have been going on about (something about RSUs or ISOs?) doesn't belong in this thread. We are here to gamble. True but for as long as companies compensate employees through lottery tickets I gotta think about the drat stock market. Not anymore tho ha ha I’m out of it, byeeeeeeee
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Mar 2, 2020 21:08
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Port of Los Angeles traffic down 25% Traffic is picking up again from China (we will see for how long), but there is gonna be a big lull here when nothing was getting shipped. Boats and containers are out of position.
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Mar 2, 2020 21:10
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Hit Man posted:How many over-leveraged Robinhood users got bankrupted today? jfc My hundreds is in Robinhood, I haven't even been able to login most of the day. Haven't looked at r/wsb today but I bet it's gonna be a reckoning.
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Mar 2, 2020 21:17
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1st_Panzer_Div. posted:My hundreds is in Robinhood, I haven't even been able to login most of the day. I got an email from them that amounted to "Oh sorry our bad." lol
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Mar 2, 2020 21:18
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I am gonna move even my hundreds off after this though, first time I've not been locked out all day and it's like oh yeah, of course it'll only happen at times you really don't want it to.
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Mar 2, 2020 21:23
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I can’t help but feel like the market has decided that’s all the selling we’re gonna to do for the foreseeable future, that a 12% decline was enough.
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Mar 2, 2020 21:25
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Pollyanna posted:loving enjoy your insane garbage, I’ve got Not Losing It All to do. Yeah, get everything out of the market now while it's way down. This seems like the best course of action.
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Mar 2, 2020 21:26
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Wow another Robinhood shocker
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Mar 2, 2020 21:26
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1st_Panzer_Div. posted:My hundreds is in Robinhood, I haven't even been able to login most of the day. nah they're doing ok 
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Mar 2, 2020 21:26
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Agronox posted:Are you sure you're reading that correctly? So I was reading it slightly wrong, but still it seems to be using cash+margin without any option to change it Example I have $1370 available as cash, $2740 as margin - Previewing a $400 order says: Resulting Cash Buying Power 1,170.00 - $200 Cash used Resulting Margin Buying Power 2,340.00 - $200 Margin used, 200 subtracted because of less cash I guess?  Definitely going to be asking etrade support about it.
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Mar 2, 2020 21:31
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Freezer posted:Okay, I don't think it's climbing a whole lot more today so I loaded up on shorts. Woops, the house wins.
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Mar 2, 2020 21:40
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Wtf are we rallying on here?
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Mar 2, 2020 21:47
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Everything is priced in, the fed will lower rates. My favorite is that even defense is rallying. Market is irrational af currently.
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Mar 2, 2020 21:50
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Sold basically all my calls in this rally then I bought a bunch of dividend-heavy forever stocks with all the gains I got from last week's puts and today's gains. Mostly holding cash at this point, maybe I'll gently caress around when things get a bit more.. uh... normal.
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Mar 2, 2020 21:52
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looks like we're ending today up 10 pts on nothing lol barring bad news overnight I reckon we shoot back up more tomorrow, and we won't see another dip until substantially bad news comes out with hard evidence 45* is going to try to handwave this poo poo away and people are dumb enough to go along with it
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Mar 2, 2020 21:53
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currently set to break single largest point gain in DJIA history, perfectly rational market response to a pandemic and chinese economic collapse nothing to see here, move along citizen
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Mar 2, 2020 21:53
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