|
reignofevil posted: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. You generally need margin to day trade unless you have poo poo tons of money to burn through because if not you're stuck waiting for cash transactions to settle. Or maybe you can day-trade penny stocks because I *think* the $25k rule only applies to margin accounts. Colonel Taint fucked around with this message at 14:15 on Mar 14, 2020 |
# ? Mar 14, 2020 14:13 |
|
|
# ? Jun 8, 2024 08:32 |
|
Dwight Eisenhower posted:Okay here's iteration 2. I don't think it lines up with your example cases but, I see only one case where the false positive is evident, and a lot of entry points that would turn a profit. It seems to be marking invalids very often on my chart, but it may be my stochastic settings. I use 8-K / 5-D for the 5 minute chart
|
# ? Mar 14, 2020 14:28 |
|
It's interesting to listen to Peter Schiff's rationale everyday for why gold is not soaring in this environment.greasyhands posted:Its to protect poors from themselves, if you cant make it to $25k without intraday trading you aint gonna make it daytrading Ah yes, day trading: the path to upward mobility.
|
# ? Mar 14, 2020 15:03 |
|
It's only 10 Est on Saturday and already.. -Apple closes ALL stores outside China -Hospitals cancelling elective surgeries(this effects my work greatly!) -Spain goes into lockdown
|
# ? Mar 14, 2020 15:06 |
|
I'll be surprised if American cities or states aren't on lockdown by next weekend. The infection curve is getting steep.
|
# ? Mar 14, 2020 15:11 |
|
Hit Man posted:
This script got flipped crazy fast. We still ostensibly have tickets to China in a week (asked for refund, airline went bankrupt). I was joking with the wife, maybe we should actually go after all if the flight is still on? But I think everyone coming off the plane now gets put in quarantine for 14+ days.
|
# ? Mar 14, 2020 15:28 |
|
Anyone here use thinkorswim (TOS)? In TOS, how do you see the expense ratio of an ETF like VGT, or mutual fund? I can't seem to find a way. I am new at the platform. Clearly, I can find the expense ratio elsewhere (like at Vanguard itself).
|
# ? Mar 14, 2020 15:29 |
|
LLCoolJD posted:It's interesting to listen to Peter Schiff's rationale everyday for why gold is not soaring in this environment. Bridgewater being down 20% could explain gold's performance. Ray "Cash is Trash" Dalio.
|
# ? Mar 14, 2020 15:57 |
|
a YOLO tesla call can't fail right?
|
# ? Mar 14, 2020 18:38 |
|
Only one way to find out!
|
# ? Mar 14, 2020 18:46 |
|
pmchem posted:Anyone here use thinkorswim (TOS)?
|
# ? Mar 14, 2020 19:12 |
|
LOL at Trump, he's taking a victory lap for pumping the market during the COVID update right now. "We should do that 5 times a day, every day"... the balls on this guy Edit: He just said the market gonna bounce 4/20 NEVER FORGET fucked around with this message at 19:35 on Mar 14, 2020 |
# ? Mar 14, 2020 19:26 |
|
Pumping the market only sets it up for a bigger fall.
|
# ? Mar 14, 2020 19:43 |
|
Lote posted:Pumping the market only sets it up for a bigger fall. And it's such an obvious pump too. Does anybody really think that this is the start of a recovery?
|
# ? Mar 14, 2020 19:46 |
|
It isn't about whether its recovered. The question is still the magnitude of demand shock from people losing their jobs and reductions in production driven by the lower demand. Government stimulus is being signaled and that makes institutional investors think that the dip wont be so deep. I mean, aside from a 1-2 month supply shock and an undetermined demand shock, the fundamentals of the economy are still strong we are being told.
|
# ? Mar 14, 2020 19:51 |
|
Baddog posted:This script got flipped crazy fast. Are you not in the US or something? China travel has been banned for ages.
|
# ? Mar 14, 2020 19:55 |
|
I think the "buy and hold forever!" folks who have never lived through a bear market are starting to understand why it's not as easy as it looks. There's the little voice in your head saying... "Well I want these stocks... but I also know that the market's going down from here... so why don't I just sell now and buy everything back cheaper later?" And you might be wrong, or not know when to buy back, or feel like total poo poo after the market rips 9% in an afternoon.
|
# ? Mar 14, 2020 19:56 |
|
Oscar Wild posted:It isn't about whether its recovered. The question is still the magnitude of demand shock from people losing their jobs and reductions in production driven by the lower demand. Government stimulus is being signaled and that makes institutional investors think that the dip wont be so deep. We were told this up until the 2008 crash that our fundamentals were strong. I'm a complete pessimist, it's not like I'm hoping for a crash and recession, but I think we're close to one. If coronavirus starts killing tens of thousands of people we're in deep poo poo economically and as a whole. Bored As Fuck fucked around with this message at 20:05 on Mar 14, 2020 |
# ? Mar 14, 2020 20:03 |
|
The shock of shutting off the economy matters way more to the market than a few thousand deaths from this virus.
|
# ? Mar 14, 2020 20:08 |
|
Agronox posted:I think the "buy and hold forever!" folks who have never lived through a bear market are starting to understand why it's not as easy as it looks. Anyone paying attention should have seen Friday as the poster child for just sit and hold anything long term Meanwhile France just went full Madagascar so anyone who saw Trump's pump for what is was should be seeing returns as early as Monday morning
|
# ? Mar 14, 2020 20:20 |
|
Hit Man posted:The shock of shutting off the economy matters way more to the market than a few thousand deaths from this virus. You’re gonna have a shock either way in the stock market. Either you shut your economy down and get few deaths or you don’t, have it get widespread and kill 3-5% of your population which is 10-20%+ of your wealthiest demographics who will try to liquidate their equity holdings in a panic.
|
# ? Mar 14, 2020 20:25 |
|
Berlin apparently just shut down their bars two days early so poo poo is getting real.
|
# ? Mar 14, 2020 20:28 |
|
Hit Man posted:The shock of shutting off the economy matters way more to the market than a few thousand deaths from this virus. Millions of people being required to stay home from work and school will almost assuredly be happening within the next few months. The healthcare system may get overloaded. poo poo could get really, really bad. By the time thousands of people start dying (and it could get to tens of thousands or more), it's going to have affected the economy already. The way to control this is quarantines and containment. The Chinese shut down two Wuhan, and sent thousands of nurses, doctors, and all necessary resources to focus on the hardest hit area. They cut it off completely, had resources delivered to the edge of the containment zone, and then people inside the zone brought it in. We don't have that luxury. NY, WA, And other states already have hundreds of infected. It's going to spread like wildfire now. Even asymptomatic cases are contagious. We needed to shut down the borders a month or two ago, and had mandatory quarantines of anyone coming back from abroad. It would've hurt the economy bad, but it could've helped. Now we're dealing with an poo poo economy AND a pandemic.
|
# ? Mar 14, 2020 20:28 |
|
Bored As gently caress posted:Millions of people being required to stay home from work and school will almost assuredly be happening within the next few months. It’s already happening. Louisana closed schools until April 13. I’m in San Antonio and we’re extending spring break another week. The company I work for (global telecom manufacturing), has banned all non critical travel and instituted work from home for positions where it’s possible. This is just the start.
|
# ? Mar 14, 2020 20:39 |
|
What we needed to do to avoid mass quarantines was to test for the virus aggressively back in early February and isolate folks as they were identified. More testing now would definitely help but it's probably too late to avoid large travel restrictions as has already been pointed out.
|
# ? Mar 14, 2020 20:43 |
|
I'm really feeling I should''ve reduced equity exposure in my retirement account at close yesterday. That may've been a good spot.
|
# ? Mar 14, 2020 20:45 |
|
Don't time the market in your retirement accounts
|
# ? Mar 14, 2020 20:46 |
|
Inner Light posted:Are you not in the US or something? China travel has been banned for ages. US citizens and family, and I think permanent residents as well, can still pop in. That's the case for all of our "bans". Supposed to be well screened, but reports have been it's pretty much a wave through.
|
# ? Mar 14, 2020 20:50 |
|
Doccykins posted:Don't time the market in your retirement accounts I keep telling myself that but the losses don’t feel any better. I will be adding to COP on Monday.
|
# ? Mar 14, 2020 20:52 |
|
LLCoolJD posted:It's interesting to listen to Peter Schiff's rationale everyday for why gold is not soaring in this environment. I've listened to his last two podcasts and Peter Schiff just has no idea what's going on, and no idea who's needed to sell off their gold. In one of them he seemed to be suggesting to not worry about the virus at all as you won't die if you're young and healthy.
|
# ? Mar 14, 2020 21:00 |
|
Woodchip posted:I'm really feeling I should''ve reduced equity exposure in my retirement account at close yesterday. That may've been a good spot. If you're not touching it for another couple decades, it won't matter. fougera posted:I keep telling myself that but the losses don’t feel any better. It's only obvious in hindsight. It's impossible to tell if or when the market will truly tank or spike at any point in time, even in a case like this. Maybe you'll get lucky - but more likely, you'll lose everything.
|
# ? Mar 14, 2020 21:06 |
|
Super degen weekend indices sitting at around 21950, down 4% from the whiplash close
|
# ? Mar 14, 2020 21:10 |
|
Doccykins posted:Don't time the market in your retirement accounts Don't time the market, just hold onto that downside protection you bought, cus poo poo is gonna get wild. At some point in the last month or so you did construct a hedge against widespread pandemic and global recession, right? That doesn't involve just "your age in bonds"? Look, the buy and hold thread is awesome for beginner financial advice, but can we restrain ourselves from chanting "don't time the market" over and over in this thread as well?
|
# ? Mar 14, 2020 21:11 |
|
I mean I am absolutely buying puts as gambling hedges beacuase and if I win on them I'll be using it to offset losses during this downturn but I am in no way shape or form touching anything in those buy and hold retirement savings because personally I am not smart enough to outsmart market forces or the people writing the algos behind them
|
# ? Mar 14, 2020 21:20 |
|
Devian666 posted:I've listened to his last two podcasts and Peter Schiff just has no idea what's going on, and no idea who's needed to sell off their gold. In one of them he seemed to be suggesting to not worry about the virus at all as you won't die if you're young and healthy. Does Schiff ever have an idea what's going on? Is any advice of his worth following?
|
# ? Mar 14, 2020 21:24 |
|
Bored As gently caress posted:We were told this up until the 2008 crash that our fundamentals were strong. Bear Stearns is fine
|
# ? Mar 14, 2020 21:31 |
|
Devian666 posted:I've listened to his last two podcasts and Peter Schiff just has no idea what's going on, and no idea who's needed to sell off their gold. In one of them he seemed to be suggesting to not worry about the virus at all as you won't die if you're young and healthy. You probably won't die of the virus but it's still gonna suck rear end when any of all the other misfortunes that normally befall people are at the back of the ER line behind 500 respiratory failure patients and absolutely nobody gives a gently caress about your open compound fractures because you're not gonna die from it in the next few hours
|
# ? Mar 14, 2020 21:35 |
|
Baddog posted:US citizens and family, and I think permanent residents as well, can still pop in. That's the case for all of our "bans". Supposed to be well screened, but reports have been it's pretty much a wave through. I love all the "fever checks" given you spread the disease for days prior to symptoms. I'm sure you spread it more when you are in the acute phase(s) of the disease but whoop de do no fever.
|
# ? Mar 14, 2020 21:38 |
So in things I should've done from the start except I wanted to trade a couple hundred in options, moving from Robinhood to TD Ameritrade. But questions: Haven't had enough income for a roth preivously, do now, need to do it. If Ima be hitting up TDAmeritrade for options now; are they a good option to handle the roth as well? And/or should I have basically all my non-banking finances through them? Not really stock questions, but I assume a few of you in here do this already.
|
|
# ? Mar 14, 2020 21:48 |
|
|
# ? Jun 8, 2024 08:32 |
|
Doccykins posted:Don't time the market in your retirement accounts This. I’m 100% in VIIIX for my retirement account and I’m not stressing one second about it. Yeah it’s down a ton but I’m not touching that for 30 more years. Hoping my funds clear next week in the trading account I just opened. Can’t wait to gamble.
|
# ? Mar 14, 2020 22:07 |