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Not directly related to stocks but my mortgage internship is turning into a lock desk assignment tomorrow. Any tips for that position?
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Jul 14, 2020 04:54
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Do not unlock the desk, and beware of bringing any keys, hair pins, or paperclips that you or others might bring in, which, while rare, could unlock the lock desk inadvertently. Chair is optional.
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Jul 14, 2020 05:55
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Baddog posted:Ok ok, I guess I'll hold onto mine a bit longer. yeah I'm gonna watchlist it and find a time to buy in later this summer. it'll be my new value/reopening play.
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Jul 14, 2020 12:58
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I'm putting a stupid simple (in some ways) bot that I've been coding for the past few months live today with $10k under management. It's generally made decent money in paper trading so hoping it will do well live too. Somewhat related can anyone recommend me a good tax service? I expect this thing to make a few hundred trades today - assuming I don't have to kill it - so I have a feeling the tax forms are gonna be hell no matter what happens.
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Jul 14, 2020 13:25
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According to a Sofi survey last month, 34% of respondents said they increased trading "to replace activities that COVID restrictions have eliminated" aka sports gambling. 83% received government stimulus (how is this not 100%?) and 50% "used a portion of it to buy into the stock market" which sounds like first time investors?
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Jul 14, 2020 13:30
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Colonel Taint posted:I'm putting a stupid simple (in some ways) bot that I've been coding for the past few months live today with $10k under management. It's generally made decent money in paper trading so hoping it will do well live too. hire a fixed cost tax accountant and make their life a misery instead of yours
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Jul 14, 2020 13:55
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Colonel Taint posted:I'm putting a stupid simple (in some ways) bot that I've been coding for the past few months live today with $10k under management. It's generally made decent money in paper trading so hoping it will do well live too. Free commissions I hope. Commissions eat into high trades.
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Jul 14, 2020 14:01
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Sepist posted:Free commissions I hope. Commissions eat into high trades. Yes I'm trading on Alpaca - there's no way in hell this would work with any commissions - I mean maybe if I was trading like 10x as much, but then I don't know at what point I have to worry about sufficient liquidity/slippage. Good call on making sure it's a fixed cost - I've pretty much done my taxes in turbotax in the past so I have no ideas about how to find/vet a CPA.
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Jul 14, 2020 14:12
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There's software that'll read your trade history over the exchange's API or downloaded csv file and generate the tax documents from it. If you have time you can probably code it yourself too.
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Jul 14, 2020 14:44
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Please help, I actually made money scalping /ES. Is something broken? Taint, let us know how that goes! Good luck. Feel free to share some basic guidance on your strategy if you're comfortable, but I understand if you're not.
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Jul 14, 2020 15:52
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Josh Lyman posted:According to a Sofi survey last month, 34% of respondents said they increased trading "to replace activities that COVID restrictions have eliminated" aka sports gambling. 83% received government stimulus (how is this not 100%?) and 50% "used a portion of it to buy into the stock market" which sounds like first time investors? Personally I got into trading when I could no longer go to casinos 🤷 Portfolio is +20% on total donk trades and I have not the slightest idea what I am doing.
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Jul 14, 2020 15:57
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Josh Lyman posted:83% received government stimulus (how is this not 100%?) Income limits on the stimulus seems like that's it?
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Jul 14, 2020 15:59
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Made .78 per contract flipping 3 dte spy calls this morning. Thats fun. We seem determined to go up. I think until August. Then its gonna require an act of god/congress.
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Jul 14, 2020 16:28
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Oscar Wild posted:Made .78 per contract flipping 3 dte spy calls this morning. Thats fun. We seem determined to go up. I think until August. Then its gonna require an act of god/congress. How many contracts is your risk tolerance Mr. Wild?
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Jul 14, 2020 16:30
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Inner Light posted:How many contracts is your risk tolerance Mr. Wild? 2 or 3 right now. So about 140 bucks just flipping spy, 25% retun for an hour holding. I do t have much money available for gambling
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Jul 14, 2020 16:40
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Ok, the party is back on. This is just the right level of volatility and volume as well. Let's see what we can scrape off this weird monster. Also feeling the slight tax apprehension. I'm very likely going to have to pay someone to tell me how much I need to pay the government next year. Used to be easy enough that I could bang it out myself in a couple hours. My finances look like a bowl of spaghetti this year.
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Jul 14, 2020 17:02
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I know this is the short term gambling thread, but in words I never thought I'd hear come out of my mouth I'm seriously considering buying some Ford to hold right now as they just released the information on the new Bronco and holy poo poo it's hot.
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Jul 14, 2020 17:14
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Inner Light posted:Please help, I actually made money scalping /ES. Is something broken? So far so good. Was up $500 at around 10, but now it's up a bit under half of that. It basically tries to follow trends on leveraged ETFs and their inverse, which tend to trend pretty strongly these days. In backtesting and now running live, it kind of slowly loses money when things go sideways, but it seems not enough to wipe out profits. So it's a bit of a balancing act between buying too early vs missing out on big movements - classic dilemma I guess if you're trying to time the market.
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Jul 14, 2020 17:21
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Colonel Taint posted:So far so good. Was up $500 at around 10, but now it's up a bit under half of that. It basically tries to follow trends on leveraged ETFs and their inverse, which tend to trend pretty strongly these days. In backtesting and now running live, it kind of slowly loses money when things go sideways, but it seems not enough to wipe out profits. So it's a bit of a balancing act between buying too early vs missing out on big movements - classic dilemma I guess if you're trying to time the market. e: Whoops reading comprehension error
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Jul 14, 2020 17:23
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MomJeans420 posted:I know this is the short term gambling thread, but in words I never thought I'd hear come out of my mouth I'm seriously considering buying some Ford to hold right now as they just released the information on the new Bronco and holy poo poo it's hot. As a long-time Ford shareholder I encourage you to not touch Ford shares.
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Jul 14, 2020 17:29
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MomJeans420 posted:I know this is the short term gambling thread, but in words I never thought I'd hear come out of my mouth I'm seriously considering buying some Ford to hold right now as they just released the information on the new Bronco and holy poo poo it's hot. I almost bought some shares this morning. I'm still considering it.
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Jul 14, 2020 17:32
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My pet stock SEDG hitting an all time high again, woo. Too bad I only hold a little bit, but I'm not about to start gambling with all my retirement savings. Also AQN which I have some of is going to be raising $900M through shares. I don't know enough to know how it will affect the company and it's stock price, but it seems weird that after the news broke the stock price dropped down to around what the price will be (C$17.10) and has since rebounded to C$18.15. I keep thinking about betting against the US because it looks like everything is about to get (more) loving stupid. It would probably be more prudent to just bet for something else instead of against the US since the timing seems tricky.
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Jul 14, 2020 17:38
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The Bronco Sport hits every box I've ever imagined in a vehicle and I'm still driving a 98 accord This thing is gonna be a megahit
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Jul 14, 2020 17:52
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Betting against US capital markets is really, really dumb. Look at any 5 year snip of the S&P 500. Your best case is +50% and worst case is like -100% with a strong tilt towards the negative.
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Jul 14, 2020 17:54
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DNK posted:Betting against US capital markets is really, really dumb. What does capital market in this case mean, like the SP500?
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Jul 14, 2020 18:02
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My portfolio is up 14% because the market is mostly flat, and would be up even more if it was greener. Selling premium is the way to loving go, man.Inner Light posted:What does capital market in this case mean, like the SP500? Basically anything that's on the NYSE individually or in an index like S&P500/Dow Jones/Nasdaq
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Jul 14, 2020 18:49
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wonderful chart for the TINA trade I've repeatedly mentioned in this thread: https://twitter.com/WallStJesus/status/1283096629655015424?s=20
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Jul 14, 2020 18:51
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pmchem posted:wonderful chart for the TINA trade I've repeatedly mentioned in this thread: Shikata ga nai sounds way cooler.
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Jul 14, 2020 18:55
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AHH F/UGH posted:My portfolio is up 14% because the market is mostly flat, and would be up even more if it was greener. Selling premium is the way to loving go, man. Could you elaborate on your general strategy for limiting potential losses / risk management while selling options? I've stayed away due to 'selling to open' being associated with a large potentially uncapped loss. Sounds like you're majority selling calls, are they covered or naked? Just learning obviously 
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Jul 14, 2020 18:59
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FreelanceSocialist posted:As a long-time Ford shareholder I encourage you to not touch Ford shares. LLCoolJD posted:I almost bought some shares this morning. I'm still considering it. The only thing holding me back is a belief that we're going to see the real effects of COVID-19 on the economy by Q3, maybe Q4. shame on an IGA posted:The Bronco Sport hits every box I've ever imagined in a vehicle and I'm still driving a 98 accord I just bought a new car in December but I'd be tempted to buy the Bronco anyway if it wasn't for the fact that the area behind the rear row is too small for my dogs.
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Jul 14, 2020 19:03
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I haaaaate SUVs and pickup trucks, but I've always been a fan of the 2 door K5 blazer. I can't figure out how to build them with only 2 doors on the ford site, but damnit, I may be interested in these if, and only if I could get it in 2 doors. If it's enticing me to possibly want one, they likely have a hit. I may pick up some F as well.
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Jul 14, 2020 19:28
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A hit just like the Toyota FJ. Right? I'm skeptical that this will do anything to Ford's share price anytime soon. Jeep still exists.
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Jul 14, 2020 19:32
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FreelanceSocialist posted:A hit just like the Toyota FJ. Right? I'm skeptical that this will do anything to Ford's share price anytime soon. Jeep still exists. My dad loved his FJ. He's really strange though.
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Jul 14, 2020 19:37
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The Bronco Sport looks interesting, but I think the RAV4 Hybrid might be the car for me in terms of something with good cargo capacity and gas mileage.
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Jul 14, 2020 19:40
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$ERI $CZR deal has the last regulatory thing due tomorrow. $CZR trading like $ERI should be $42.25 and $ERI is $40. There’s also a huge short interest in ERI and the downside from their share offering didn’t happen even with there being 0 shares to borrow. I think there’s gonna be a short squeeze
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Jul 14, 2020 19:43
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Banks are squirreling away quite a bit of money right now. If that doesn't point to rough times ahead, I don't know what does.
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Jul 14, 2020 20:36
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Well today was more or less a wash personally. I got enough to buy a meal for 4 at McDonalds. I get spooked at EOD. poo poo gets weird. edit: curse these shaky weak hands. I could have had McDonalds for 4 days! The Butcher fucked around with this message at 21:00 on Jul 14, 2020 |
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Jul 14, 2020 20:50
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FreelanceSocialist posted:A hit just like the Toyota FJ. Right? I'm skeptical that this will do anything to Ford's share price anytime soon. Jeep still exists. Everything FCA touches is a garbage fire though, there are a lot of people who want something just like a Jeep but have better sense than to buy it from Jeep. shame on an IGA fucked around with this message at 20:53 on Jul 14, 2020 |
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Jul 14, 2020 20:51
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There are few car communities more rabidly loyal to the badge and the nebulous concept of the "lifestyle" than the Jeep community, though. Not going to see too many "Life is Good" t-shirts with Ford Broncos on them. I think the Bronco is neat but I doubt it will make any real impression on the segment.
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Jul 14, 2020 20:54
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That's what I'm saying, it's not going to take market share from Jeep and doesn't need to, it's going to be huge with people who look at jeeps and then buy CRVs or Tucsons or Velosters or [$CrossoverSUV]
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Jul 14, 2020 21:01
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