Investing, Stock Market and Retirement Planning Thread
Investing, Stock Market and Retirement Planning Thread
So if I was just looking at that HOFV stock short-term... would the strategy basically have been to buy $1000 worth of stock, watch it go up today, and then dump it at what I figure would be the high level? Or am I missing something?
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Investing, Stock Market and Retirement Planning Thread
I'd pay top dollar for thatmade one just for you KCOk that crypto punk sold me. How do I invest?
https://opensea.io/assets/0x495f9472767 ... 5243357185
let me know if you want to buy for 0.00001 ETH or 17 US cents
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Investing, Stock Market and Retirement Planning Thread
Buy low, sell high. It's really quite simple iddnit?So if I was just looking at that HOFV stock short-term... would the strategy basically have been to buy $1000 worth of stock, watch it go up today, and then dump it at what I figure would be the high level? Or am I missing something?
The only caveat with this is there are some FINRA rules around day trading. Which I'm pretty sure is 25k minimum in account.
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Investing, Stock Market and Retirement Planning Thread
I mean that's it at a very simple level but it's not always that easySo if I was just looking at that HOFV stock short-term... would the strategy basically have been to buy $1000 worth of stock, watch it go up today, and then dump it at what I figure would be the high level? Or am I missing something?
how do you determine the high point? what if your investment never goes up but immediately loses money; how long do you hold?
I dno't know how to answer those questions and that's why I don't day trade. If day trading was easy, everyone would do it. In fact, day traders are much more likely to lose money than make it
A 2019 research paper analyzed the performance of individual day traders in the Brazilian equity futures market. Based on trading records from 2012 to 2017, it was concluded that day trading is almost uniformly unprofitable:
An article in Forbes quoting someone from an educational trading website stated that "the success rate for day traders is estimated to be around only 10%, so ... 90% are losing money," adding "only 1% of [day] traders really make money."[15]We show that it is virtually impossible for individuals to compete with HFTs and day trade for a living, contrary to what course providers claim. We observe all individuals who began to day trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms of volume in the world, and who persisted for at least 300 days: 97% of them lost money, only 0.4% earned more than a bank teller (US$54 per day), and the top individual earned only US$310 per day with great risk (a standard deviation of US$2,560). We find no evidence of learning by day trading.[14]
I'm more in the "put money in a good company and check back in a year or two" camp
Last edited by MalkinIsMyHomeboy on Mon Mar 22, 2021 7:29 pm, edited 3 times in total.
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Investing, Stock Market and Retirement Planning Thread
I had no idea about this but it looks like it's more nuanced than thatBuy low, sell high. It's really quite simple iddnit?So if I was just looking at that HOFV stock short-term... would the strategy basically have been to buy $1000 worth of stock, watch it go up today, and then dump it at what I figure would be the high level? Or am I missing something?
The only caveat with this is there are some FINRA rules around day trading. Which I'm pretty sure is 25k minimum in account.
The Financial Industry Regulatory Authority (FINRA) in the U.S. established the "pattern day trader" rule, which states that if you make four or more day trades (opening and closing a stock position within the same day) in a five-day period and those day-trading activities are more than 6% of your total trading activity in that five-day period, you're considered a day trader and must maintain a minimum account balance of $25,000.
so I think if MWB wants to mess around with some money he's fine as long as he doesn't hit those thresholds
Investing, Stock Market and Retirement Planning Thread
Thanks for the info. Probably not something I’ll do, and definitely not at that scale, but just making sure I understand the general idea.
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Investing, Stock Market and Retirement Planning Thread
The way around the pattern day trader rule is to use a cash account. As stated with dodint’s situation, by default all accounts are margin accounts and you need to actively choose to have an account classified as a cash account.
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Investing, Stock Market and Retirement Planning Thread
This is youit is a bastardization of what makes art and collectibles valuable.Can someone explain NFTs to me like I'm meow
Last week the WSJ actually published a fairly short article talking about NFTs and value. There is a lot of technical economic mumbo jumbo but the article observed a few key components to an NFT:
They confer a type of ownership without the ability to profit from use of the asset.
NFTs turn something plentiful or easily replicable and make them scarce.
The market is intriguing because it is scarcity for scarcity sake.
Investing, Stock Market and Retirement Planning Thread
Well, I picked the wrong day to reenter the market. Bought F near the open and it's down over 4%. Cool. 10/11 of my watched stocks are down, except somehow Peloton is up over 5%, which is a stock I watch but wouldn't seriously consider buying.
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Investing, Stock Market and Retirement Planning Thread
I'm all red today... it happens.
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I bought Peloton in 2019 after the stock dipped near the holidays because of that awful commercial. It's up 300% since then
suk it
suk it
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You all should buy FUBO.
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Just doubled down on FUBO. Brought my average cost down 20%. At the very least it should now be easier to exit the position with dignity.
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Investing, Stock Market and Retirement Planning Thread
For U to Buy Only
Investing, Stock Market and Retirement Planning Thread
That you, Kane?
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Lol it's at 27/share. Guess I should have waited.
Investing, Stock Market and Retirement Planning Thread
Oh? The sports TV thing. Hmm. The fact I passed on that as a consumer probably doesn't bode well for my desire to own it as a company.
Investing, Stock Market and Retirement Planning Thread
Oof, PTON down 10%. They gave back yesterdays 5% and then joined all the rest of my watchlist with a multi-point tank.
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But they're starting a sports book as well!Oh? The sports TV thing. Hmm. The fact I passed on that as a consumer probably doesn't bode well for my desire to own it as a company.
Investing, Stock Market and Retirement Planning Thread
I might quit swing trading. This T+2 **** combined with my position just rolling over and dying all day long is frustrating. F's chart today looks like a bunny slope and I'm handcuffed for it. Will likely just hold long positions and not open my terminal anymore.
At least I'm not in TSLA.
At least I'm not in TSLA.
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lo... oh, wait. ****.Source of the post At least I'm not in TSLA.
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Right before you were gonna publish your paper, you decide to take your profits and quit...cool, got it. Thanks, tips...
Investing, Stock Market and Retirement Planning Thread
My deal only works if I can get in/out at will.
I'm just trying to make laziness work for me and so far it's been a pain.
I'm just trying to make laziness work for me and so far it's been a pain.
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