Printable View
I read every word you post and have nearly perfect recall.Quote:
Originally Posted by sonatine
I just can’t stop trying to fade the market. -2000 points and I have nothing to show for it. I’m Mr Negative too. Little bummed.
I really believe that Trump shit. I really think that’s a big part of what we are witnessing. See how long before CNBC and the unwashed cover it.
It’s pretty 1st level stuff but we failed a .382 fib retracement of the SPY this morning. Market wants lower price. Yet I keep challenging.
Continuing the Online book story. I gotta find the Bookmaker traders name. Bought this just after the downdraft. He was slow.
MU - What will the Dow Jones Industrial Close at the end of the trading day (4pm EST) 06/12/2020 (Marketwach.com)
[444077] TOTAL o25200+154
(Over vrs Under)
Game start 06/12/2020 04:00 PM
What will the S&P 500 Close at the end of the trading day (4pm EST) 06/12/2020 (Marketwach.com) - TOTAL o3000+147 - (Over vrs Under)
Game Start 06/12/2020 @ 04:00 PM
Ticket # 449441875
I may get back roomed at close. I’m flat in the real world. If my mind was right I’d be short... I need a weekend off to cleanse
everyone wants real time picks. Lot of what I do is feel. I see something I hit it and it may not be right a few minutes later. I often have very little conviction and don’t like holding stuff. I may bail 3 seconds later. A lot of my stuff is marginally +EV at the time. I’ll try to contribute some longer term picks.
Quote:
Originally Posted by sonatine
DOUBLE CORRECTED
super fucking exploitable holy shit.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by sonatine
DOUBLE CORRECTED
super fucking exploitable holy shit.
I wouldn’t watch it all day but Him trying to do it in-house seems exploitable. He has the best of it with 30 cent lines when all is said and done.
People bought the 60 point positive open. They are gonna take the market down at close. We will see. That’s how you hurt em. I really need to put something on.
The options market on shit like SPY is breaking records too. RH kids.
I’m gonna sit on my hands.
Bought some SPY puts at 308 and sold at 302. Missed the bottom twice because I was busy doing other stuff. What can you do?
I was looking up TD Ameritrade's Day Trading rules and I am trying to unpack this:
How Many Day Trades Does TD Ameritrade Allow
FINRA defines a day trade as any position that is bought and sold (or sold and bought) on the same day in your account. A pattern day trader is defined as anyone who places four or more day trades in their margin account over any rolling 5-business day period.
PDT rule does not apply to cash accounts. Therefore, TD Ameritrade allows unlimited number of day trades on cash accounts.
On margin account with under $25,000 balance you are allowed 3 day trades within 5 trading days period. On margin account with over $25,000 balance you are allowed unlimited number of day trades.
So, I guess what I have now is a cash account, which means if I sell a stock I have to wait 3 days before I have the $$, but I can do as much day trading as I want under these rules.
If I make my account margin so I have the $$ immediately, I need to get my balance over $25,000, or I will be restricted in how many day trades I can do.
Is this correct?
FWIW, I guess Robinhood is margin account by default?? I did a couple day trades on my wife's RH account, and they told me I can't do any more until 6/18.
Correct Verm
Sonatine’s post re T+3 & T+1 clearing has been the standard forever.
RH no clue. Sometimes I swear they don’t take possession of the shit you buy. Fractional share and shit. What is that?
I heard they offered Bitcoin. I linked checking to RH and bought some hastily. Now I want to ship it. Oh, surprise. I don’t actually take possession.
I’m joking but I think you can now do everything like fractional shares and play no fee black pool ass fucking on most retail brokers plus you prolly have the ability to trade like an adult too.
I was wrong about close (again) but did great today and won my sports bets in almost a sweep.
Quote:
Originally Posted by SanlmarQuote:
Originally Posted by sonatine
I wouldn’t watch it all day but Him trying to do it in-house seems exploitable. He has the best of it with 30 cent lines when all is said and done.
honestly it might have been a glitch in my black scholes fu. im going to have to actually backtest.
tl;dr i think you can use otm options to make risk neutral plays here where the return on an S&P500 over = n(1) or S&P500 doesnt fade the over = n(1.1) where n is the cost of investments essentially and the theoretical profit is either 0 or about 10% to infinity but again, the math generated by the tool im using feels suspect.
Front running is a feature Sonatine.
Druff has reduced my hours. Says he’s losing money cause of the economy.
Have good weekend
according to my backtest, this is super fucking exploitable.
trial by fire on the 15th my friend.
tip a pint for future glory.
Cheers. Less maths and more crowd psychology but yeah.
Daly likes this guy. He is only now discovering good trading habits?
The irony is I only looked at sosh media after close.
This is gospel for me.
and to be clear.... charting is a reflection of crowd psychology. fibs and math has its place fo sure
pretty much exactly why i dont trade anymore.
https://encrypted-tbn2.gstatic.com/s...STKCE&usqp=CAc
Quote:
Originally Posted by Sanlmar
pls check pms and let me know if you cant view that url.
YikesQuote:
Originally Posted by OSA
Does anybody else find this adorable?Quote:
Originally Posted by OSA
cramer just blew up some fuckin spots, claiming goons are buying all the RH stocks in premarket so they can sell at open to robintards(tm).
Wonder whos tellin the truth
https://markets.businessinsider.com/...0-6-1029304812
The answer is no.Quote:
Originally Posted by sonatineQuote:
Originally Posted by Sanlmar
pls check pms and let me know if you cant view that url.
You recall I elected to pass on your premium offering. During my trial membership my cursor would spontaneously move around the screen.
If you are being cryptic with the question it’s over my head.
Cramer always makes me angry. He is a caricature of a reality show host. If you have a quick clip I might look but otherwise I’ll pass.
But it’s a fun take. Jimmy may be confusing selling order flow and front running with premarket goons. Yeah, people buy first and resell at higher prices to RH. That’s why it’s free
Saw something where he was extolling the virtues of the Wells Fargo CEO. Frequent guest on his evening show. Everyone is peddling something on CNBC in exchange for filling their air time. WFC CEO was peddling innocence & reform. WFC now wants to float stock at like $25 to make up for the money they pissed away buying their stock at $60. Jimmy say anything about WFC or we just pretend it didn’t happen? WFC is offered in the same breadth as Hertz.
Yeah, Hertz like Gary Loveman who killed Caesars.
You know where the last hertz ceo went right ?Quote:
Originally Posted by SanlmarThe answer is no.Quote:
Originally Posted by sonatine
You recall I elected to pass on your premium offering. During my trial membership my cursor would spontaneously move around the screen.
If you are being cryptic with the question it’s over my head.
Cramer always makes me angry. He is a caricature of a reality show host. If you have a quick clip I might look but otherwise I’ll pass.
Saw something where he was extolling the virtues of the Wells Fargo CEO. Frequent guest on his evening show. Everyone is peddling something on CNBC in exchange for filling their air time. WFC CEO was peddling innocence & reform. WFC now wants to float stock at like $25 to make up for the money they pissed away buying their stock at $60. Jimmy say anything about WFC or we just pretend it didn’t happen? WFC is offered in the same breadth as Hertz.
Yeah, Hertz like Gary Loveman who killed Caesars.
I could look, You tell meQuote:
Originally Posted by TellafriendYou know where the last hertz ceo went right ?Quote:
Originally Posted by Sanlmar
Quote:
Originally Posted by SanlmarI could look, You tell meQuote:
Originally Posted by Tellafriend
It’s too good
https://www.wsj.com/amp/articles/for...ive-1423093040
Yeah, former Hertz CEO Gary Loveman crippled Caesars so Caesars went off in a totally different direction and hired the CEO of Hertz, FrissoraQuote:
Originally Posted by TellafriendQuote:
Originally Posted by Sanlmar
It’s too good
https://www.wsj.com/amp/articles/for...ive-1423093040
GBCP isn’t wrong. Druff’s favorite casino. It’s priceless
Quote:
Originally Posted by SanlmarThe answer is no.Quote:
Originally Posted by sonatine
You recall I elected to pass on your premium offering. During my trial membership my cursor would spontaneously move around the screen.
If you are being cryptic with the question it’s over my head.
i have no idea what youre talking about here, you asked me to setup an account for you so i did, you thanked me. i dont recall hearing about mouse problems from anyone.
Maybe I need a Xanax to settle down.Quote:
Originally Posted by sonatineQuote:
Originally Posted by Sanlmar
i have no idea what youre talking about here, you asked me to setup an account for you so i did, you thanked me. i dont recall hearing about mouse problems from anyone.
You made an account. I thanked you.
I clicked your link and it just brought me to you site’s front door. No specific link. I looked for Bookmaker exploitable and I didn’t see any recent post on that subject.
I didn’t know if you were trolling me with the link or something.
I made a dumb joke about an InfoSec guy’s site. That’s where the Xanax prolly is the right thing to do. I’m sorry.
Quote:
Originally Posted by SanlmarMaybe I need a Xanax to settle down.Quote:
Originally Posted by sonatine
You made an account. I thanked you.
I clicked your link and it just brought me to you site’s front door. No specific link. I looked for Bookmaker exploitable and I didn’t see any recent post on that subject.
I didn’t know if you were trolling me with the link or something.
I made a dumb joke about an InfoSec guy’s site. That’s where the Xanax prolly is the right thing to do. I’m sorry.
hang tight, im trying to do the private section thing. its worth reading, one sec.
Wow, if you want to scrape Bookmaker text.....Quote:
Originally Posted by sonatineQuote:
Originally Posted by Sanlmar
hang tight, im trying to do the private section thing. its worth reading, one sec.
Can’t wait.
I need some tools and don’t want to write them.
ok i tried sending you an invite. no sweat if you dont want to deal with this right now and just want to take the weekend off from all stock related nonsense but its really, really interesting math.
apparently this is real and i think we are going to see a lot of stories like this and if i had to guess, some sort of ham fisted response from legislature which is somehow going to end up fucking us all over.
like if you thought the PDT rule is bad, wait until we see what they pass to deal with shit like this.
More context? Did a tweet get edited?Quote:
Originally Posted by sonatine
I went to that account seems like a family member lost a bunch and offed himself?
Quote:
Originally Posted by simpdogMore context? Did a tweet get edited?Quote:
Originally Posted by sonatine
I went to that account seems like a family member lost a bunch and offed himself?
yeah some random 20 year old got over-leveraged on RH despite thinking it wasnt possible with his account type (cash?) and got margin called for 700k after some poor options gambles, apparently, and took his own life.
its not easy to understand exactly what happened because that tweet is by his brother who apparently pieced all this together from a suicide note.
i had a similar experience on a much smaller scale with my bargirlaments challenge; i tried to sneak in some calls at open during a big move before the prices updated essentially and ended up with $2500 worth of options on a $550 cash account, something like that, and thought i was some sort of genius until movement snap reversed and i ended up holding the bag for -1200'ish. luckily for me, TD was slow picking up on it, it swung back a bit, and i only ended up owing $220 by the time they forcibly liquidated my positions. but the general 'wisdom' in fintwitlandia is that a cash account is immune to negative balances and people are learning hard lessons.
imagine losing a big hand in pokerstars and finding out, somehow, that you lost your 20k account balance and you owed them another $100k on top of it. thats how robintards see this basically.
holy shit
renaissance fund is down 20.5%.
how the fuck... -
is.. is that bullish? thats gotta be bullish.
Walk me through how you get stuck big on a cash account again? I didn't really get it.
Is it from selling options?
I will take my bow in front of PFA...I mean it's not fucking hard to see when you are giving them high 6 figure EBITDA enhancing ideas (with extremely high, damn near 100% probability) and they're like 'fuck you' and don't listen because they don't want to spend the money...made my decision easy to not give a rats ass any more...now they're burning and im laughing...marshmallows are still ready, san...Quote:
Originally Posted by SanlmarYeah, former Hertz CEO Gary Loveman crippled Caesars so Caesars went off in a totally different direction and hired the CEO of Hertz, FrissoraQuote:
Originally Posted by Tellafriend
GBCP isn’t wrong. Druff’s favorite casino. It’s priceless
fissora...hertz...'accounting irregularities'...lol...when I heard that made me even care less about the place, which was hard to do...
In the summer of 2014, activist investors at Hertz asserted they lacked confidence in management due to reported "accounting mistakes and internal control issues". Consequently, activist investors pushed for board and management replacements[26] including Frissora.[14] Citing personal reasons, he resigned as CEO, chairman, and director on September 8, 2014.[6][8] Frissora officially left the roles in November that same year. Hertz reported Frissora's departure was "without cause".
I mean FFS after all that went down a decade plus ago at Enron, etc. to hire a fucking guy who oversaw a company with internal control issues and accounting slipups is just mind boggling...no wonder why they aren't sanitizing their vegas casinos...bunch of dumb fucks...
need to get out in the sun...
Quote:
Originally Posted by verminaard
if you place a market order immediately when the market opens, there is a brief period where you might get filled at the wrong price, so they essentially correct the price and debit that amount from your account.
thats what happened to me.
like i wanted 30 calls at like .20c which was the previous closing market value and after they delegated me the 30 contracts, they realized the actual market price was .60c or whatever and simply updated my balance to -2000.
what happened to the other guy, im not sure, im guessing he was selling uncovered whatevers somehow etc etc. rh has a long, storied history of extending WAY too much leverage simply because they didnt realize they were doing it, so theres that.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by simpdog
yeah some random 20 year old got over-leveraged on RH despite thinking it wasnt possible with his account type (cash?) and got margin called for 700k after some poor options gambles, apparently, and took his own life.
its not easy to understand exactly what happened because that tweet is by his brother who apparently pieced all this together from a suicide note.
i had a similar experience on a much smaller scale with my bargirlaments challenge; i tried to sneak in some calls at open during a big move before the prices updated essentially and ended up with $2500 worth of options on a $550 cash account, something like that, and thought i was some sort of genius until movement snap reversed and i ended up holding the bag for -1200'ish. luckily for me, TD was slow picking up on it, it swung back a bit, and i only ended up owing $220 by the time they forcibly liquidated my positions. but the general 'wisdom' in fintwitlandia is that a cash account is immune to negative balances and people are learning hard lessons.
imagine losing a big hand in pokerstars and finding out, somehow, that you lost your 20k account balance and you owed them another $100k on top of it. thats how robintards see this basically.
Holy shit. I can’t see the story, was someone else on the hook or just him? Did he really have anything to take? Are we taking an actual twenty year old or a twenty something with a kid?
If I killed myself at going from a really prosperous position to owing money in the course of a few bad days in my twenties, I would have been offing myself every week. I owed people who would take care of the death part for me. That is why I avoid the sports betting thread despite Daly posting a fantastic win rate. I was the only guy who could go 8-2 and lose five figures. The frontal lobes need what the frontal lobes need if you’re an action junkie. He’ll give out winners on props that are capped at $500 max and I’ll parlay that into a $40k downswing weekend. Only marriage, a little maturity and self awareness, and the incredible guilt of someone else innocent ending up on your downswing with you cured me of my absolute degeneracy.
Clearly there are a whole bunch of kids gambling it up in the market atm. They’re going to learn what every gambler does eventually. At 20, fuck it, it’s going to take awhile, but chalk it up to the game and take the credit hit and start over. Not worth losing your life over. Learn your lesson and be happy you owe you a corporation and not a guy you don’t want to owe. If you take a wife and kids into the abyss, that’s going to push a lot of people off the cliff and the guilt will find you taking a header off the Brooklyn bridge. If you just fuck yourself, take the hit and learn your lesson. We are a country ran by a guy who left the banks and taxpayers holding the bag for billions multiple times. Pushing all in and failing and rebuilding on more fake money is the current American dream.
I recall many a morning saying, well they can only kill me, but then they won’t get their money back. I don’t understand suicide unless you drag someone else down with you. Rob a Brinks truck and let the cops kill you or off yourself when they catch up with you. At least you went down swinging. Fuck killing yourself over some red numbers fuckup.
Oh, ok. Thanks. I have just done limit orders so far. What is the advantage of doing a market order? Seems all downside, as you will end up buy/selling something at a lower price than you want.Quote:
Originally Posted by sonatineQuote:
Originally Posted by verminaard
if you place a market order immediately when the market opens, there is a brief period where you might get filled at the wrong price, so they essentially correct the price and debit that amount from your account.
thats what happened to me.
like i wanted 30 calls at like .20c which was the previous closing market value and after they delegated me the 30 contracts, they realized the actual market price was .60c or whatever and simply updated my balance to -2000.
what happened to the other guy, im not sure, im guessing he was selling uncovered whatevers somehow etc etc. rh has a long, storied history of extending WAY too much leverage simply because they didnt realize they were doing it, so theres that.
It seems the only advantage is if you REALLY want to make a trade ASAP, and are willing to take whatever price you can get.
in honor of zerohedge being back on twitter, here's a little nugget that I think is apropos to the recent discussion...