Quote:
Originally Posted by Sanlmar
Maybe we haven’t found pain yet. Let’s drill more and see?Quote:
Originally Posted by OSA
I agree. This isn’t spooking anyone yet.
I mean I would call this a bit rattled...
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Quote:
Originally Posted by SanlmarMaybe we haven’t found pain yet. Let’s drill more and see?Quote:
Originally Posted by OSA
I agree. This isn’t spooking anyone yet.
I mean I would call this a bit rattled...
I see the number. I just don’t feel it.
fair enough...hope youre right about that...Quote:
Originally Posted by Sanlmar
side note: 'tine if you're looking to sell options today is the perfect day to do so because you are gonna be selling expensive vega...
We can’t bounce until people capitulate. Lol, show me where it hurts on the doll.Quote:
Originally Posted by GambleBotsChafedPenisfair enough...hope youre right about that...Quote:
Originally Posted by Sanlmar
side note: 'tine if you're looking to sell options today is the perfect day to do so because you are gonna be selling expensive vega...
I’m curious how the conversation migrates from virus to other issues.
We will gap up tomorrow. Just a feel. You couldn’t get out today and you can’t get in tomorrow.
We created some island tops on the averages. I’ll draw some pictures later.
Even with these past 2 days, im up on the month thanks to tesla and amazon. Wierd bit true.Quote:
Originally Posted by SanlmarWe can’t bounce until people capitulate. Lol, show me where it hurts on the doll.Quote:
Originally Posted by GambleBotsChafedPenis
I’m curious how the conversation migrates from virus to other issues.
We will gap up tomorrow. Just a feel. You couldn’t get out today and you can’t get in tomorrow.
We created some island tops on the averages. I’ll draw some pictures later.
just need trump on the case...if he shitcans all this expensive vol im selling I will love him forever..Quote:
Originally Posted by SanlmarWe can’t bounce until people capitulate. Lol, show me where it hurts on the doll.Quote:
Originally Posted by GambleBotsChafedPenis
I’m curious how the conversation migrates from virus to other issues.
We will gap up tomorrow. Just a feel. You couldn’t get out today and you can’t get in tomorrow.
We created some island tops on the averages. I’ll draw some pictures later.
SaaS stocks calling to me. Inspired by Zoom maybe.
CRM earnings
Cloud shit stocks? Immune
Just thinking.. just putting together a “what if” shopping list
Airlines on CNBC now. Regrets
The real question is are we taking the computers out this time or not. If we are, we got a ways to go.Quote:
Originally Posted by SanlmarWe can’t bounce until people capitulate. Lol, show me where it hurts on the doll.Quote:
Originally Posted by GambleBotsChafedPenis
I’m curious how the conversation migrates from virus to other issues.
We will gap up tomorrow. Just a feel. You couldn’t get out today and you can’t get in tomorrow.
We created some island tops on the averages. I’ll draw some pictures later.
I have a serious finance question tangential to this thread.
I have about $10k in high interest credit card debt. I have some stock market investments I can take out to pay off the debt, that I would be completely taxed on. I haven't done so the last year or so because the market has been so good it didn't seem to make sense. Is the likelihood of the market tanking now high enough I should just take the money out, take the tax hit, and pay off my cards? I would of course be taking the L on whatever $$ the stocks lost today.
think about it this way verm…Quote:
Originally Posted by verminaard
what is the interest rate on that CC debt? if it's high interest im guessing it's north of 25%...is any investment that you have right now going to return 25%? the answer is 100% NO...yes the past year or two have been fucking insane, TSLA doubling in the first month of the year, etc...but overall I believe long-term equity return rates are something like 8-10%...you're always better off paying off high interest shit debt (ie not mortgage debt) than anything else...
Whats the prognosis for tomorrow? Can there be more shit being thrown in my face?
lol @ shak jesus christ, cherry on the cake
You should cash out asap, and it has nothing to do with what I think is going to happen in the market (because nobody knows that anyway). You're going to have to take a tax hit at some point anyway. Any time you have interest over 8% you should be paying that off before putting any money away.Quote:
Originally Posted by verminaard
Def buying a bunch when market opens tomorrowQuote:
Originally Posted by sonatine
Quote:
Originally Posted by Sanlmar
from a scalping perspective, today felt very, very different. no oomph, no wind in sales, nothing carrying momentum long enough to profit off of or even create reliable patterns, everything was leaves fluttering in the wind. lots of re-reversals immediately after i punched my stoploss parachutes, pretty much constantly actually, in both directions.
reminded me actually of when i used to windsurf, sometimes everything would go calm and youre trying to stay upright and lean into the slightest breeze but suddenly the waves are the dominant force and you cant go anywhere but wet.
many times did i think about abrown's comment regarding being profitable in a down market and each time it felt more prescient than the last.
Bad decision, market still has 10%+ to give.Quote:
Originally Posted by OSADef buying a bunch when market opens tomorrowQuote:
Originally Posted by sonatine
It’s been itching for a reason to correct.
Jesus, wtf Palo Alto
Yeah. You are probably right. The funds update at 3 pm PST, so I will assess how bad the bloodbath today was, and probably cut my losses and withdraw the rest.Quote:
Originally Posted by SPIT thisYou should cash out asap, and it has nothing to do with what I think is going to happen in the market (because nobody knows that anyway). You're going to have to take a tax hit at some point anyway. Any time you have interest over 8% you should be paying that off before putting any money away.Quote:
Originally Posted by verminaard
https://cdn.cnn.com/cnnnext/dam/asse...-large-169.jpgQuote:
Originally Posted by sonatine
deleted from net
This is just the beginning. But the correction will be a slow roll.
At market close i read that mrna has shipped an initial vaccine for testing so I snapped up 500 shares. Story gained strength and is up 17% after hours. Blind squirrel and a nut kind of thing. Will take it.
Real talk for all my pfa friends, fill 10% of your portfolio w ET. The price is right.
Quote:
Originally Posted by Tellafriend
that was literally what i posted then deleted, minus the share snapping part.
i did a lot of homework on them when coronavirus first hit the news and i decided to sit things out with them based largely on them running a fucking wordpress site and absolutely reeking of AI-buzzword snake oil.
note that all they did is submit a vaccine to the FDA, and then have a press party about it.
its totally possible that they are light years ahead of everyone else doing rna therapy and binked a solution, not to mention the press alone will likely add another 10% to their value tomorrow but they strike me as another biotech penny stock with an AI sales pitch, not as a world shaking plague destroyer.
but yeah i mean, 10% is 10% and in any case, very nice catch at close.
I signed up for RH gold which is free for 30 days. I dunno if thats gonna let me buy shares premarket but what it seems like tomorrow will be another day to buy TVIX and VXX it seems.
I have been seriously considering dropping my portfolio to under 10 holdings (if anyone wants the logic on this I can go into it), but ET is on the list. A well run MLP is ultimately a good investment for at least the next 20 years, then we will see what happens.Quote:
Originally Posted by Tellafriend
Just try to imagine the most sadistic scenarios and you really can’t be too far wrong. Currently up 220 Dow & 100 Nasdaq.Quote:
Originally Posted by Sanlmar
The money was made last night after 10:00p -400 —-> -900.
Loved the windsurfing metaphor, Sonatine. Loved it.
Dead calm. You could pump your sail in and out and sort of air paddle your way in.
Metaphor dates ya. Now it’s all paddle boarding. Gay. Shops don’t carry windsurfers anymore.
Go on vacation and you’re a luckbox if you find a place that rents them. St. Lucia & St Martin do.
Did you ever have a seat harness? I want the market to require a seat harness. You wanted to go out on really shitty stormy days on Cape Cod. Put on a wet suit. Bad days were good days.
Hope we have more bad days.
Quote:
Originally Posted by OSA
grain of salt this but i believe you cant buy shares pre/post market, its a concession made to the big dogs when us retail traders were given essentially direct market access.
i think best case some online brokers will let you execute shares over the phone but i cant remember if its pre post or both..
again grain of salt.
Every Brokerage has their own rules, most make you sign ECN agreements.Quote:
Originally Posted by sonatineQuote:
Originally Posted by OSA
grain of salt this but i believe you cant buy shares pre/post market, its a concession made to the big dogs when us retail traders were given essentially direct market access.
i think best case some online brokers will let you execute shares over the phone but i cant remember if its pre post or both..
again grain of salt.
Many margin trades won’t execute but you might find some that allow more types of trades.
If you just search Brokerage name ECN you should find their agreements.
If you pay those assholes for some kind of premium service I’m gonna be irked. I just hate their opaque manner.Quote:
Originally Posted by OSA
Nothing is free. I’ve hinted at this before but you are not getting the best price on your trades. They sell your order to shady dark pools and market makers. “Payment for order flow”
You can’t route your order to an honest exchange.
I haven’t looked into payment for order flow and who is doing what these days. So I pretty much don’t know what I’m talking about. My intuition tells me it’s more pervasive than ever. But RH is masquerading as something virtuous and they are not. Maybe they were fined.
Just know that generally the free trade gimmick is a parlor trick. You’re not getting cheated per se just slightly abused.
There is prolly a good YouTube video on this or how trades are executed generally. Maybe someone can explain better than me.
I just have a hard on for RH. I prolly deposited them in the sketchy non transparent bag of trickery along with most free millenial shit like FB. Premarket trades happen in a thin market. There isn’t much action so you are the beggar.. I just feel RH is gonna make things even worse for you.
Somewhere above there might be a coherent point. I feel better. That’s the important thing.
Druff pays me for posting traffic.
That was alot of words and I didnt learn anything.Quote:
Originally Posted by SanlmarIf you pay those assholes for some kind of premium service I’m gonna be irked. I just hate their opaque manner.Quote:
Originally Posted by OSA
Nothing is free. I’ve hinted at this before but you are not getting the best price on your trades. They sell your order to shady dark pools and market makers. “Payment for order flow”
You can’t route your order to an honest exchange.
I haven’t looked into payment for order flow and who is doing what these days. So I pretty much don’t know what I’m talking about. My intuition tells me it’s more pervasive than ever. But RH is masquerading as something virtuous and they are not. Maybe they were fined.
Just know that generally the free trade gimmick is a parlor trick. You’re not getting cheated per se just slightly abused.
There is prolly a good YouTube video on this or how trades are executed generally. Maybe someone can explain better than me.
I just have a hard on for RH. I prolly deposited them in the sketchy non transparent bag of trickery along with most free millenial shit like FB. Premarket trades happen in a thin market. There isn’t much action so you are the beggar.. I just feel RH is gonna make things even worse for you.
Somewhere above there might be a coherent point. I feel better. That’s the important thing.
Druff pays me for posting traffic.
san is basically saying that if you trade in premarket/postmarket on RH the twink is gonna be fucking you, not the other way around...Quote:
Originally Posted by OSAThat was alot of words and I didnt learn anything.Quote:
Originally Posted by Sanlmar
Payment for Order Flow Robinhood.
Lots of YouTube videos.
I’m not Rotten Tomatoes so get your own popcorn
I might dial some up tonight myself for the entertainment.
It’s fun stuff in a queer way. So you’ll like it
Here are the RH rules for extended hour.....surprise they suckQuote:
Originally Posted by Sanlmar
https://robinhood.com/us/en/support/...hours-trading/
Got it. But it was 1pm and my trade didnt even process. Why allow me to place it if it wasnt allowed/available?Quote:
Originally Posted by GambleBotsChafedPenissan is basically saying that if you trade in premarket/postmarket on RH the twink is gonna be fucking you, not the other way around...Quote:
Originally Posted by OSA
Oh and last week a 19 yr old top did that and it was the best experience I have had till this point. I even let him put it in the following morning...dry.
Was the order limit or market?Quote:
Originally Posted by OSAGot it. But it was 1pm and my trade didnt even process. Why allow me to place it if it wasnt allowed/available?Quote:
Originally Posted by GambleBotsChafedPenis
Oh and last week a 19 yr old top did that and it was the best experience I have had till this point. I even let him put it in the following morning...dry.
It’s 6 mins. It’s ok. You will get something out of it. The end pays you off.
https://youtu.be/pmp912poj2E
Interactive brokers gets a free plug Sonatine. Flash boys.
Quote:
Originally Posted by SanlmarWas the order limit or market?Quote:
Originally Posted by OSA
It’s 6 mins. It’s ok. You will get something out of it. The end pays you off.
https://youtu.be/pmp912poj2E
Interactive brokers gets a free plug Sonatine. Flash boys.
Something tells me I shouldnt have cancelled? I dunno
its entirely possible that RH manually processes all off-hour orders. in which case, on a day like this, youre fucked.
also placing orders during off hours with the intent of having them filled the next day seems grossly unwise considering how much securities fluctuate in value during pre/post market trading. on top of which if you designate market value for them youre doublefucked because there is often a seconds to minutes gap at 9:30am est where real market values are out of sync with whatevers on their tape. so you can end up paying $300 for a security currently trading at $150 because of that latency.
why is there latency?
because brokers no longer charge commissions and everything is Fucking Awful now. the only alternative is a direct access account someplace like lightspeed, which has significant financial requirements, other fees etc.
Quote:
Originally Posted by sonatine
This kinda sounds like what would happen if everyone had health insurance but on a smaller scale.
Quote:
Originally Posted by SanlmarWas the order limit or market?Quote:
Originally Posted by OSA
It’s 6 mins. It’s ok. You will get something out of it. The end pays you off.
https://youtu.be/pmp912poj2E
Interactive brokers gets a free plug Sonatine. Flash boys.
dude.
today, for the first time, i started to really feel like i was getting end run on my scalps. like over and fucking over.
im praying it was just me adjusting to lack of intraday volatility/inertia.
Quote:
Originally Posted by OSAQuote:
Originally Posted by sonatine
This kinda sounds like what would happen if everyone had health insurance but on a smaller scale.
its more like if every checkup came with a free 8ball of blow and a gold krugerrand if you show up unannounced between 9:30 and 9:31 am.