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WeBull is Chinese Robinhood with better charts. Pretty much any compaint you can leverage against Robinhood you can leverage against them.
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Jun 18, 2022 01:05
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Yeah all the YouTube astrologers use webull to do their charting, their UI is pretty good from what I've seen
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Jun 18, 2022 03:20
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What do I do when I get a cash dividend message from one of my stocks?
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Jun 18, 2022 03:23
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Reinvest it and pray the market doesn't crash Then pay exorbitant taxes on it The aristocrats
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Jun 18, 2022 04:09
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Grouchio posted:What do I do when I get a cash dividend message from one of my stocks? If its a good stock you should reinvest it and count on compounding dividends plus the... Wait wrong thread. Buy a penny stock biotech. May I suggest NDRA
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Jun 18, 2022 06:29
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Buy SOFI Eventually they'll have a dividend ... eventually ... maybe
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Jun 18, 2022 06:35
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Oscar Wild posted:If its a good stock you should reinvest it and count on compounding dividends plus the...
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Jun 18, 2022 06:38
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Grouchio posted:It's Avantis/AVLV. It went down a good deal today but my liquidity shot up. I am so lost. If you believe the company is good; that it grows shareholder value and the dividend is consistent and growing and the likelihood of continuing income is growing you reinvest. BUT, If it doesn't get an above market level return lets say long term total return might be 8-15% after tax you take the dividend and buy alow fee index fund. Diversification is usually better than concentration. I cant belive I wrote this in this thread. Shameful
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Jun 18, 2022 06:52
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Grouchio posted:It's Avantis/AVLV. It went down a good deal today but my liquidity shot up. I am so lost. Just reinvest it in AVLV, the reason it ate poo poo today was oil companies took a dive because the price of oil dropped a bit, and Exxon and others make up a large portion of their holdings.
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Jun 18, 2022 07:24
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I dont think there'll be much drop below the peak befor the covid crash. 335 or so. It's a correction, but not a 2008 correction. Now watch how wrong i can be 
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Jun 18, 2022 13:16
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so you'd suggest at the money SPY puts, then? 
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Jun 18, 2022 14:52
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holy poo poo i loaded up on 10k of an inverse BTC fund before market close on friday and am so stoked to see the carnage all weekend 
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Jun 18, 2022 15:56
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I'll have to compare Webull more to other platforms, just kinda bought some stocks last time everything crashed hard in 2020 and then left it alone. Checked on my account now and somehow have a margin account (not sure if it just automatically upgraded or if I was smashed on cough meds one night and applied?), and there seems to not be many fees at all at this point. (Sidenote I'm a prude and almost never use margin, yet anyway, unless I'm wanting to do something outside of the market hours and know I'm covered.) Day trading is limited but I figured that's true for any of these apps, but I guess I don't know that for sure. That is, it's limited until you have 25k in Webull anyway. I did however notice that the day trading limit (for this app anyway) does NOT include crypto trading as day trading. And you can buy fractional shares of a ton of things crypto. That's of course with the knowledge none of that money counts for poo poo and none of it counts towards the 25k sweetspot for full access day trading. Still, buying fractional shares of crypto and moving it all around has been a fun little pass time for me. It's not like I'm trying to become a day trader but I also didn't try to have a margin account, so just sort of doing it as a passtime that seems to consistently pay off for now, at least the way I've been doing things. Which usually is just forgetting I did cool things and then leaving it alone for a long time. Crypto has been a bit different though, and def wouldn't suggest anyone getting into crypto unless they have a plan/system down and can cover their asses lol. I guess this app is coming out soon with a "crypto wallet" and I have no idea what that really entails. I just put whatever profits I make right now back into stocks that are "safe," and as long as I can keep doing that then it's a fun little work around if I like pretending I'm a day trader making those little 1$ profits lol. I think it's fun anyway. I'm the type of person that gets excited when I find a quarter on the ground though.
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Jun 18, 2022 16:25
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Day trading under $25,000 being limited is a Federal rule, so you'll find that at pretty much every brokerage. Your account being margin instead of cash is also pretty common, a strict cash account has different rules. Most accounts are margin by default. This is different than being allowed to trade on margin, more related to settlement periods. For example, robinhood defaults to a margin account so if you deposit $1000 you can trade with it instantly. Technically on a cash account the funds would have to clear first (taking a couple days) before you could trade with them. Then you can apply for margin on top of that, letting you borrow money. Nothing wrong with WeBull or day trading crypto and having fun. The usual recommendation is keep your "serious" savings/investments separate from your fun money, otherwise when the fun goes wrong (or right) it can be tempting to dip into those funds to supplement your fun account, and that's where you get in trouble. ranbo das fucked around with this message at 17:08 on Jun 18, 2022 |
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Jun 18, 2022 17:06
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downout posted:I dont think there'll be much drop below the peak befor the covid crash. 335 or so. It's a correction, but not a 2008 correction. Would not surprise me if it levels out/recovers to 335 after a sharp spike down below that I guess in other words, I think it'll briefly overcorrect by a wide margin, then stabilize around that number
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Jun 18, 2022 17:20
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Space Fish posted:Buy out and socialize/subsidize housing (sweeping Air BnB off the face of the earth, for starters). The poors wouldn't change their fortunes overnight but could save a little bit more and not have stress pains over constantly ballooning rent. Following up with what looks to me like a drat good policy: https://twitter.com/teneikaask_you/status/1537611442463154178 Shout out to the "what about the honest entrepreneurs who just want to buy up all the available housing and control prices and availability so no one can actually live anywhere  " reply guys.
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Jun 18, 2022 17:20
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ranbo das posted:Day trading under $25,000 being limited is a Federal rule, so you'll find that at pretty much every brokerage. Your account being margin instead of cash is also pretty common, a strict cash account has different rules. Most accounts are margin by default. This is different than being allowed to trade on margin, more related to settlement periods. For example, robinhood defaults to a margin account so if you deposit $1000 you can trade with it instantly. Technically on a cash account the funds would have to clear first (taking a couple days) before you could trade with them. Then you can apply for margin on top of that, letting you borrow money. Gotcha! Thanks for clearing the confusion with margin, and that recommendation is legit. I spent years building up to this point so like hell would I let a loving dogecoin ruin it lol. But day trading, even tiny amounts, has been fun as heck. I also have no life though.
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Jun 18, 2022 17:24
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Landsknecht posted:holy poo poo i loaded up on 10k of an inverse BTC fund before market close on friday and am so stoked to see the carnage all weekend nice! which one? I was thinking of buying a few puts on BITO for a couple months out, but I didnt expect bitcoin to go below 20k so fast
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Jun 18, 2022 17:40
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dsf posted:nice! which one? I was thinking of buying a few puts on BITO for a couple months out, but I didnt expect bitcoin to go below 20k so fast I'm in Canada so it's just the horizons products (TSE:BITI) - retail doesnt really have options trading, but there's a few good options. It's all my in TSFA though, so I've been pumping money picking up the NASDAQ inverse and BTC inverse products this spring. Likely going to go all cash soon and ride out the summer, as we'll hit a bottom, markets will be directionless, and then US midterms will decide where markets go.
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Jun 18, 2022 18:06
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dsf posted:nice! which one? I was thinking of buying a few puts on BITO for a couple months out, but I didnt expect bitcoin to go below 20k so fast I wish I was this smart I just bought puts on MSTR but it goes up 7% in the middle of bitcoin obliteration for God knows what reason. It definitely wasn't the best choice to bet on btc going down
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Jun 18, 2022 19:04
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I was stoked to see the absolute wrench of a week for stocks. I put a few thousand in AVLV and AVUV after they dropped so much. I’m hoping I keep seeing red so I can keep buying low.
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Jun 19, 2022 02:40
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pmchem posted:just gonna drop this here, chart starts in 1980 Isn't this why it's more accurate to view historical stock charts in log scale?
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Jun 19, 2022 12:35
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It's probably more the reason why you don't just multiply a bunch of things together and expect it to…be constant? But maybe there's deep reasoning behind the formula that I'm not understanding.
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Jun 19, 2022 14:27
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not really a typical question for this thread, but has anyone here ever allocated to managed futures / cross-asset trend-following funds? what are your thoughts? they've done great in 1H2022 (so it's probably too late...) but it's an interesting alternative asset class that may be of use in the future as they not strongly correlated to stocks and bonds. these funds typically take both long and short positions in equity indexes, bond futures, various currency pairs and individual commodity futures. examples: PQTAX, GMSAX, LFMAX, AHLPX, ABYAX (mutual funds) DBMF and KMLM (etfs)  some financial advisors put these in managed portfolios.
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Jun 19, 2022 21:48
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About eight hours left to get your SPY guesses in
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Jun 19, 2022 21:59
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SPY $269
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Jun 19, 2022 22:15
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Hadlock posted:About eight hours left to get your SPY guesses in mine's still live
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Jun 19, 2022 22:36
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Hey thread, sanity check on a dumb idea here and wanted to pick the groupthink brain. Say I have $5000, I would be OK if it went to zero but it sure would be great if I can turn it into gains. Is it a decent proposition if I throw it all in Carvana ($CVNA) shares and let it sit for years? I did some light DD and it seems like CVNA has nowhere to go but up, that is unless they go BK. In terms of value I find that it compares favorably to CarMax ($KMX). Any thoughts? How about buying calls worth $5k instead of $5k in shares, how would you all weigh that decision? Thanks in advance.
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Jun 20, 2022 02:03
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When did that show up on reddit?
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Jun 20, 2022 03:01
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Oscar Wild posted:When did that show up on reddit? Is this a serious question? If you're asking how I got the idea, I was reading about their dumb fiasco with issuing titles and how it has died down by now (purchases allowed again in Illinois), but their share price is super low and outlook seems decent.
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Jun 20, 2022 03:20
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Well you say you've done due diligence and then ask about calls versus shares which are totally different. Your statement about holding it forever is in contradiction to buying calls which is either a hedge or highly speculative. You buy calls if you expect the stock to move rapidly up over a very specific time frame which is the expiration date, sometimes. It's a leveraged bet in other words. If you're serious then just buy the stock if you believe in it long term. Increases in interest rates should increase used car sales but those will be depressed also because loans will be more expensive. Fwiw the leadership agrees signaled by strong insider purchases.
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Jun 20, 2022 04:09
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Spy $241
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Jun 20, 2022 04:20
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Inner Light posted:How about buying calls worth $5k instead of $5k in shares, how would you all weigh that decision? If you want to hold it long term, buying would probably be the better option, as a LEAP right now has a premium+strike price ~$30 as opposed to the stock price of $24.xx. You're paying a lot for that time value.
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Jun 20, 2022 04:32
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Even if Carvana has cleaned up its act (and I'd be skeptical it's fixed everything so fast) it's a crowded marketplace, and in a year or two when supply chain shock finally ebbs used car prices could plummet. I would not be long Carvana. If I wanted to invest really long in online car buying, I'd probably want to invest in several of those companies at the same time so I'm not trying to pick a winner.
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Jun 20, 2022 04:51
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$py 269
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Jun 20, 2022 06:27
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q_k posted:If you want to hold it long term, buying would probably be the better option, as a LEAP right now has a premium+strike price ~$30 as opposed to the stock price of $24.xx. You're paying a lot for that time value. Selling a downside put is another option.
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Jun 20, 2022 07:09
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New chart: Of note, the old chart, generated back on ....3/2/2022, the average guess was for a low point of $390.70 New average is $298.10, almost $100 lower than before edit: I guess we hit $366 on 6/16/2022 Hadlock fucked around with this message at 07:14 on Jun 20, 2022 |
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Jun 20, 2022 07:09
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Hadlock posted:
Pshht 366.7, didn't close below it.
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Jun 20, 2022 08:29
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Inner Light posted:Is it a decent proposition if I throw it all in Carvana ($CVNA) shares and let it sit for years? I did some light DD and it seems like CVNA has nowhere to go but up, that is unless they go BK. In terms of value I find that it compares favorably to CarMax ($KMX). Also, what's to stop KMX from trying some of the same tactics CVNA is doing, whatever they are doing well? My experience last year with CVNA wasn't that great: they offered me half the value on a used car that I had to sell, that was in excellent condition, compared to what a nearby Ford dealership offered me instead (sold to the Ford dealer). With this current strained economic environment, with supply-chain issues and stagflationary threats, where used cars have gone way up in value I don't see how CVNA can complete on the bids against more established car retailers with access to more capital. But I haven't done the extreme DD on CVNA, so perhaps they have some long-term growth strategy that's still being implemented that will pay off later, despite the competition with other auto retailers? Any recent positive long-term outlook that can be defended from CVNA's management?
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Jun 20, 2022 08:35
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pmchem posted:not really a typical question for this thread, but has anyone here ever allocated to managed futures / cross-asset trend-following funds? what are your thoughts? It's an interesting idea. I don't think there's anything like this available on the ASX unfortunately but it's the sort of thing that could be good as part of a larger portfolio. There's obviously some money to be made in futures if you know what you're doing (and don't end up with a bulk carrier worth of ornamental gourds dumped in your driveway because you forgot to sell) although I wouldn't be surprised if these funds will be eating poo poo once inflation starts to subside. gay picnic defence fucked around with this message at 12:04 on Jun 20, 2022 |
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Jun 20, 2022 12:00
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