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th3t00t posted:Buy the dip on meme stocks? Or is this a longer term downtrend? Is “the mattering” finally happening and we’re in for a big market correction that will take years to recover from? The S&P is down 0.24%. Calm down. Hell, knowing this market we will probably scream 2% tomorrow. Anyone got any good plays today? Need something to watch other than my SPY calls bleeding. cr0y fucked around with this message at 15:39 on Jul 15, 2021 |
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Jul 15, 2021 15:23
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cr0y posted:Anyone got any good plays today? Need something to watch other than my SPY calls bleeding. BLIN has had a lot of sideways movement the past week, and could break out soon.
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Jul 15, 2021 15:45
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Got stuck with the bag on NDRA when I saw it around $2.05 and picked some up again a while back. I might cut bait soon so get ready for it to moon
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Jul 15, 2021 15:47
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LLCoolJD posted:Lots of rich people in Congress... I would love to see an ETF based on elected official trading.
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Jul 15, 2021 15:54
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If I just buy and sell a spy call every day will that put me in danger of wash trading?
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Jul 15, 2021 15:55
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nwin posted:If I just buy and sell a spy call every day will that put me in danger of wash trading? If you sell at a loss and buy the same expiry/strike, yes.
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Jul 15, 2021 16:00
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cr0y posted:If you sell at a loss and buy the same expiry/strike, yes. Nah ideally it would just be a quick profit
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Jul 15, 2021 16:01
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As long as you do not buy the same date and strike after taxes that you did before taxes a wash sale is impossible to gently caress you over. If you are day trading and will not be holding long term you can ignore wash sales until it comes time for tax season. That is when you gently caress them up. A stock you were playing a bunch then decide to hold can turn into a future tax credit with wash sales (and if you were expecting to use it this year you can't you still have that stock open). So if the expiration is before 1/1/22 it is 100% impossible to generate a wash sale that will actually do anything with options. A wash sale just changes your cost basis it doesn't cost you anything (except which year you get the tax credit in which can cost you if you have a ton of losses there but you have a gambling problem with chasing losers if that's happening which is a bigger leak)
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Jul 15, 2021 16:23
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honky dong posted:I was looking at TLSA (Tiziana Life Sciences) b/c it looks like they're working on a monoclonal antibody COVID treatment that can be administered orally which would be a widely available and effective treatment. Been sitting steady at around $3.00 for a while. They have an options chain but I think it's because the stock split last year when it was above 7.50. Well, something went haywire; basically, if you held this stock last year by a certain date, you received shares of ACMSY. I bought a handful around the time of this post, and got 5 shares, for some reason; people who held stock last year did not.
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Jul 15, 2021 16:28
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Is Powell speaking again today?
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Jul 15, 2021 16:33
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cr0y posted:Is Powell speaking again today? Yesterday the stream was on https://financialservices.house.gov/live/ They have stuff listed for today but I don't think Powell is part of it. Virtual Hearing - CDBG Disaster Recovery: States, Cities, and Denials of Funding is today. This is option expiration week for the monthlies and they expire tomorrow. Things get funky every month on the week of the 3rd Friday of the month.
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Jul 15, 2021 16:38
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cr0y posted:Is Powell speaking again today? He spoke earlier this morning, a testimony at the Senate. It may still be going.
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Jul 15, 2021 16:44
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drat VERB doing some poo poo
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Jul 15, 2021 16:48
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If Powell could just stop talking, I'd appreciate it. Every time he opens his loving mouth, I lose money.
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Jul 15, 2021 18:10
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a fatguy baldspot posted:drat VERB doing some poo poo welp, i'm glad i made a tiny bit of money yesterday but always hurts to look and watch the thing skyrocket afterwards
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Jul 15, 2021 18:11
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Very salty about what's going on with Oatly right now
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Jul 15, 2021 18:13
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Man. If you had bought Wayfair when it tanked in early 2020, and held until today, you would have gone up almost 900%. Which I partly did! I bought one W @ $69.40 on 2/27/2020, aaaand then sold one W @ $42.30 on 3/11/2020. Had I held onto that until late March of this year, I would have sold at ~$344 instead and avoided STCG cause it’d be over a year later. My reaction to W falling should have been buy more W. I mean, I know nobody would have really seen COVID coming, but… Ah well. Strange and risky.
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Jul 15, 2021 18:14
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Added more SPY calls, either I get burned (this is what's gonna happen) or I feel like a genius for buying when everyone is dumping them cheap.
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Jul 15, 2021 18:18
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Having been burned by AHT I went with SPY calls, some NDRA, and an AMC put and lol I want to die
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Jul 15, 2021 18:39
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GrandmaParty posted:If Powell could just stop talking, I'd appreciate it. Every time he opens his loving mouth, I lose money. My SPY puts during his testimony yesterday and today have done alright
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Jul 15, 2021 18:41
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Red posted:Well, something went haywire; basically, if you held this stock last year by a certain date, you received shares of ACMSY. I bought a handful around the time of this post, and got 5 shares, for some reason; people who held stock last year did not. I have these shares too and as far as I can tell I shouldn’t.
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Jul 15, 2021 18:51
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Now I'm understanding the saying "sell in may and go away"
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Jul 15, 2021 18:56
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Oh dang this month sucks.
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Jul 15, 2021 19:04
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$Goon? $GOON?
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Jul 15, 2021 19:05
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Spy puts were good. Time for calls - nothing has materially changed in the economy this afternoon to drive this dip.
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Jul 15, 2021 19:07
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Leal posted:Now I'm understanding the saying "sell in may and go away" Seriously I thought things were looking good this morning but the past hour has been brutal.
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Jul 15, 2021 19:09
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Since today can't get any worse I might as well buy AHT before the 1:10 and eat the $38 reorganization fee on top of it.
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Jul 15, 2021 19:10
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Locked in a bunch of losses on UWMC to buy SPY calls today 😎
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Jul 15, 2021 19:11
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A HORNY SWEARENGEN posted:Since today can't get any worse I might as well buy AHT before the 1:10 and eat the $38 reorganization fee on top of it. If you want to play splits for a profit you should use a broker that doesn't charge for forced actions. I think there's a more popular one but Merrill doesn't charge if it is a forced action. I don't exactly like Merrill for any particular thing. I really wouldn't recommend opening an account there unless you have Bank of America as your primary savings (instant transfer is an extremely nice perk) they have some bullshit stuff but nothing that will cost you just "ERROR JETS is on the restricted share list and you can only close positions in JETS" why is it restricted? Oh they are still looking into it for volatility in 2020. When will this happen? NO idea? Okay then. For general stuff it works fine, and they have decent software. You will run into a few plays you just can't do. I'm 99% sure you are joking but if you are going to hold penny stock long term you should do it with a broker that doesn't charge to restructure. (almost all will if you have to request the restructure though).
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Jul 15, 2021 19:16
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SlothBear posted:I have these shares too and as far as I can tell I shouldn’t. What happens if I tried to sell this, and they later tried to reclaim it - but it was gone? (I can't buy or sell it, Vanguard won't allow it)
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Jul 15, 2021 19:28
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pixaal posted:If you want to play splits for a profit you should use a broker that doesn't charge for forced actions. I think there's a more popular one but Merrill doesn't charge if it is a forced action. I don't exactly like Merrill for any particular thing. I really wouldn't recommend opening an account there unless you have Bank of America as your primary savings (instant transfer is an extremely nice perk) they have some bullshit stuff but nothing that will cost you just "ERROR JETS is on the restricted share list and you can only close positions in JETS" why is it restricted? Oh they are still looking into it for volatility in 2020. When will this happen? NO idea? Okay then. I dumped eTrade after the third "you owe us $38 because we restructured your $20 in holdings" Now I do penny stocks on fidelity because they don't charge poo poo. Down side is it takes like 6 days to settle sales.
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Jul 15, 2021 19:58
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Red posted:What happens if I tried to sell this, and they later tried to reclaim it - but it was gone? Yeah I’m not gonna touch ‘em until this is cleared up.
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Jul 15, 2021 20:09
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Bought some 7/19 $436 SPY calls for $.80. Fingers cross that I bought a local minimum.
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Jul 15, 2021 20:24
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The Polish Pirate posted:Bought some 7/19 $436 SPY calls for $.80. Fingers cross that I bought a local minimum. Tomorrow is July options expiration. Max pain for SPY and QQQ is another 2% down, which seems pretty unlikely to me, so I’d play round dollars.
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Jul 15, 2021 20:31
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Trading is all about psychology. When the market's down I mentally switch to golf scoring. My portfolio is below par 
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Jul 15, 2021 20:56
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Y'all are welcome - the moment I set a limit order to catch the falling $GOON knife, it leveled out and ticked a couple cents upward.
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Jul 15, 2021 20:58
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Is there a way in ETrade's Powertrade applet to graph after hours trading/prices isntead of the chart just stopping at 3PM CST and then displaying an extended hours price? I want more candles.
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Jul 15, 2021 21:06
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Tokyo Sex Whale posted:I’m trying to follow the pump and dump Twitter and Stocktwits accounts involved in CRTD and ANY to see if I can guess the next one. I’m saying NTEC. If it doesn’t do anything by next week Monday need to switch up my method. I bought at $3.15 and got out yesterday at $3.36 which I guess is pretty good percentage wise for 2 days but this did NOT work
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Jul 15, 2021 21:06
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MetaJew posted:Is there a way in ETrade's Powertrade applet to graph after hours trading/prices isntead of the chart just stopping at 3PM CST and then displaying an extended hours price? I want more candles. Display menu -> Extended Hours
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Jul 15, 2021 21:07
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hahaha my penny stock I had the most hope for just took a poo poo because of some stock dilution news or something, dumped it before panic spreads tomorrow. That's why penny stocks get their reputation I guess, the "sure things" are the ones to watch out for. Between that and AHT and other crap choices my balance is down 30% and I'm demoralized. Other than some leftover weed stocks and $goon I'm about ready to call it quits, try again when the overall market takes a dump. I guess 6 months of stock school at $500/month tuition isn't the worse thing in the world, I certainly KNOW a lot more now. And hey, tax deduction!
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Jul 15, 2021 21:16
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