Investing, Stock Market and Retirement Planning Thread

Postby **dodint** » Thu Mar 18, 2021 1:43 pm

Yeah, it's been a slow, lame day. Stopped out of my first stock and have been taking paltry gains all day, just nothing feels good.

YouTube · Postby **mikey** » Thu Mar 18, 2021 1:54 pm

Yeah, I quit on the day when I came to the conclusion that FOMC wasn't moving anything...someone @ me if SPY drops below 390...otherwise, I'm folding up shop for the week...

Postby **count2infinity** » Thu Mar 18, 2021 1:55 pm

I just put my money into ETFs and walked away for the day. Super busy today and tomorrow, so no time to do any DD stuff.

Postby **MalkinIsMyHomeboy** » Thu Mar 18, 2021 2:02 pm

what percent of your stocks are short positions vs long positions?

I have maybe 10+ long stocks and only one or two short ones but it feels like everyone here day trades with nothing long

Postby **count2infinity** » Thu Mar 18, 2021 2:04 pm

What's long? 1 year+? That's about 80% of my positions.

Postby **MalkinIsMyHomeboy** » Thu Mar 18, 2021 2:04 pm

yeah I'd say a year

Postby **Beveridge** » Thu Mar 18, 2021 2:06 pm

MIMH is on to something...

Lets call sales held for less than a year short-term and a year or more long-term...

Postby **NTP66** » Thu Mar 18, 2021 2:07 pm

I always assumed that was a given.

Postby **willeyeam** » Thu Mar 18, 2021 2:18 pm

i usually equate "short position" to be options as opposed to "short-term"

Postby **dodint** » Thu Mar 18, 2021 2:28 pm

Day, Swing, Long. 1 day, 2-5 days, longer than a week.

To me.

Postby **NTP66** » Thu Mar 18, 2021 2:36 pm

I regret creating 5% alerts for my positions in VG.

Postby **dodint** » Thu Mar 18, 2021 2:38 pm

Just stopped out of another position. I quit, see you tomorrow stock market.

Postby **MWB** » Thu Mar 18, 2021 4:16 pm

So those of you with short-term stocks... how long are you typically holding them? And when you sell, you just hop onto something different?

Postby **MWB** » Thu Mar 18, 2021 4:17 pm

what percent of your stocks are short positions vs long positions?

I have maybe 10+ long stocks and only one or two short ones but it feels like everyone here day trades with nothing long

I think this is my goal. End up with most of my stocks in long term stuff, but have two or three that I play around with short-term.

YouTube · Postby **mikey** » Thu Mar 18, 2021 4:37 pm

I hold for value more than time...stocks aren't fruit. So, I may hold a stock for 45 minutes...I may hold it for a few months...I'd consider them both short-term...

I buy something that I like the value for whether I have sold something else or not...I don't like to put a cap on how much money I make, reasonably...

Postby **dodint** » Fri Mar 19, 2021 9:00 am

Happy morning to me. F up 45 points pre market. Went ahead and sold that off to start my day well into the positive. Puts me back ahead of where I was before the TSLA gaff.

Postby **mac5155** » Fri Mar 19, 2021 9:53 am

Yalls favorite package delivery company is mooning

Postby **willeyeam** » Fri Mar 19, 2021 10:00 am

The mac effect

Postby **NTP66** » Fri Mar 19, 2021 10:03 am

FedEx is even late to the stock market boom game.

YouTube · Postby **mikey** » Fri Mar 19, 2021 10:09 am

Nice ^

Today could be ugly. If SPY breaks 386, look out...

Postby **mac5155** » Fri Mar 19, 2021 10:23 am

FedEx is even late to the stock market boom game.

I lol'd

Postby **count2infinity** » Fri Mar 19, 2021 1:04 pm

SENS has been one of the easiest stocks to trade in recent weeks... is it above 3? No? Buy it. Wait for a bit, sell it, come back and check on it later, repeat.

Postby **dodint** » Fri Mar 19, 2021 1:39 pm

My restlessness got me dinged for trading unsettled funds yesterday so I need to reevaluate things. I don't normally make that many trades in a day but I was in and out of a few things. I thought the T+2 restriction only applied to margin trading, in fact, the notice came from the margin trading team. But I wasn't trading on margin.

It pisses me off a little, because I have a balance called "Available for Trading" and I was going off of that. There is also an option on my platform to show "Settled Cash to Trade" which I now have activated.

What I don't understand is if I can buy more when Available has funds but Settled has no funds, so long as I don't sell the stock until the previous trade settled. Or do I have to wait for the Settled indicator to be full before doing my next buy. If it's the latter then I'm pinned to swing-and-longer trading.

Postby **NTP66** » Fri Mar 19, 2021 1:41 pm

What specifically did you get dinged on? Freeriding? This is what VG lists as their violations: https://investor.vanguard.com/investing ... -penalties

Postby **dodint** » Fri Mar 19, 2021 1:48 pm

Our records show that the trade(s) placed on 03/18/2021 were not settled in accordance with securities industry regulations...While we are not placing any trading restrictions on your account at this time, future settlement issues may require us to limit trading to settled funds1 only.

When we place orders for accounts without sufficient settled funds or securities on deposit, we are required to monitor the account to make sure it complies with these conditions:

You promptly make a full cash payment with settled funds, or deliver previously owned securities into the account within the payment period; and
You do not sell the securities purchased until full payment with settled funds has been made; and
You do not make payment with the proceeds from the sale of other securities made after the trade date.

If these conditions are not met, we are required to withdraw your ability to trade without sufficient funds on deposit and this restriction will last for 90 calendar days.

So, of the three conjunctive statements:
1. I don't understand this.
2. Probably guilty here, all trades on the 18th would've been made with unsettled funds from a position I closed on the 17th.
3. Probably guilty since I made three or four trades yesterday.

For 1, does "prompt" mean settled funds from a previous days trade make it okay as long as it settles before T+2 for the new trade? If so I'm fine.