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automan
blasted chipmunk


Registered: 09/18/03
Posts: 8,272
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#26615479 - 04/20/20 02:06 PM (3 years, 9 months ago) |
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I picked them because they each manage billions of dollars. I went 20% UCO because they focus on daily gains and 80% OIL because it is a long term oil market index fund.
All in all on the day, I am up.
-------------------- No, no, you're not thinking, you're just being logical. ~ Niels Bohr
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automan
blasted chipmunk


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#26615487 - 04/20/20 02:08 PM (3 years, 9 months ago) |
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Yall... I didn't know any of this craziness would happen today. I just happened to see oil down just after the market opened and bought some oil ETFs. Depending on what happens with futures, I'll probably buy again tomorrow morning.
-------------------- No, no, you're not thinking, you're just being logical. ~ Niels Bohr
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: automan]
#26615666 - 04/20/20 03:27 PM (3 years, 9 months ago) |
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Nice, I hope it works out for you. Long term 8-10 year range it might be hard to go wrong.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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Baby_Hitler
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#26615888 - 04/20/20 05:27 PM (3 years, 9 months ago) |
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What is a good website to get into trading? I'd like to start putting some cash into something besides just my 401K.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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ManianFH
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler]
#26616474 - 04/20/20 09:55 PM (3 years, 9 months ago) |
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I use td ameritrade and its decent. no trading fees but maybe all exchanges are like that these days
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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Bambi
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#26616975 - 04/21/20 07:20 AM (3 years, 9 months ago) |
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I use TD Ameritrade as well. I like their ThinkOrSwim platform for charting. I also think you get $50 for a referral, but am not positive.
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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automan
blasted chipmunk


Registered: 09/18/03
Posts: 8,272
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Bambi]
#26617004 - 04/21/20 07:41 AM (3 years, 9 months ago) |
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I traded UCO for USO and kept OIL. Ok... I think I'm done until after the election.
-------------------- No, no, you're not thinking, you're just being logical. ~ Niels Bohr
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automan
blasted chipmunk


Registered: 09/18/03
Posts: 8,272
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: automan]
#26617009 - 04/21/20 07:45 AM (3 years, 9 months ago) |
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Side note, bought UCO @ $1.41 a share yesterday. Sold it at $22 this morning. Talk about getting lucky!
I got into more OIL @ $2.46 and into USO @ $3.03
-------------------- No, no, you're not thinking, you're just being logical. ~ Niels Bohr
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: automan]
#26617464 - 04/21/20 10:57 AM (3 years, 9 months ago) |
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Quote:
automan said: Side note, bought UCO @ $1.41 a share yesterday. Sold it at $22 this morning. Talk about getting lucky!
I got into more OIL @ $2.46 and into USO @ $3.03
LOL!
Nice work man!!
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH] 3
#26617506 - 04/21/20 11:13 AM (3 years, 9 months ago) |
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Oh a reverse split happened. I was looking at the charts like WTF made this go so bananas
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#26624503 - 04/24/20 11:21 AM (3 years, 9 months ago) |
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DKNG (Draft Kings) just opened on the markets today. Kind of strange timing considering there arent any sporting events to bet on. I am wondering if this will lead to lower earnings and a chance to buy this stock at a discount.
I do like the idea of this stock, and other gambling/casino stocks such as MGM or WYNN, but still think it is too early to make a position. Macau has shown an 80% reduction in gambling since opening back up at the end of March. If similar trends occur in LV it might be a lost summer and by the time people may have felt comfortable stepping into a casino again it will be winter time where the flu and covid are running rampant together.
Just my take. Anyone see this differently?
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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AroundtheSon
Learning to See



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#26625041 - 04/24/20 03:30 PM (3 years, 8 months ago) |
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I try not to put too much new money in things like that. I didn't look at fundamentals or anything. I have lost great sums of money not consistently investing (directly anyway) in AMAZON, Netflix, TSLA. I tend to be more conservative.
I mean, I throw money at shit all the time. I am down like 20% on CGC. I just don't throw much. I like to play well weathered companies. And, clearly the government agrees that these companies are essential.  
So, I don't have much to offer in reply, but tread lightly. If you are in it for the long-term, sure put your money down, but I don't see folks having a lot of disposable (betting) money right now. Hell, 1 out of 6 are unemployed? Second wave hasn't even started.
Again, I am conservative.
I did make 25% on BYND recently though. Whoop whoop
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 2
#26632995 - 04/27/20 08:47 PM (3 years, 8 months ago) |
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Got my final fill on some SPY May $290/$291 bear call spreads @ $0.52 net credit. It's a hard trade, because the market has been stubbornly strong, and the political rhetoric state side about how we are opening back up for business, backstopped by the Federal Reserve's trillion dollars expansion in supporting the economy... well, I may not come out ahead on this one, and this is the clutch moment since these contracts expire inside of three weeks. If the trade doesn't begin working in my favor by the end of this week, I will be reducing exposure by buying the spreads back at a loss and, possibly, rolling them out to the next month. This trade is probably more trouble than it's worth, but it's relatively low risk so long as I adhere to the discipline of closing it down before we get too close to expiration (unless the market dives this week, in which case it would allow me to hold the trade longer for the time value to bleed out).
In any event, I can't imagine why equities should be trading above their 50 day moving average in light of monumental unemployment and an economy that got stopped cold in its tracks - let alone the risks posed by encouraging a rapid "opening up" that could very feasibly lead to a second wave of infections requiring a back pedal into full lockdown restriction yet again. The current state of affairs is anything but rosey. Except for the shenanigans that our monetary policy machines will machinate in efforts to maintain the status quo and save the retirement/pension/corporate class. It's a gamble. Play it small, play it close to the vest.
I have been steadily lining up cash for what I expect to be a second leg down. Just today I took a huge chunk of my retirement accounts to cash, as well as my 3 year old's 529 savings plan. I just can't help but feel further upside at these levels will be much more difficult to obtain compared to a retest of the downside. Of course, I (and no one) really knows.
Those outperformers I mentioned are still where I would focus my entries, on any subsequent panic that may manifest...
Quote:
NFLX AMZN TDOC ZM RNG DXCM
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#26633249 - 04/27/20 11:14 PM (3 years, 8 months ago) |
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Thank you for the update Geo. This is reaffirming as I have been patiently waiting with cash on the sidelines as well. Would take just about any opportunity at this point.
My main focus is still Boeing with earnings coming out tomorrow I think..? If they fall further to the $110 range I will buy and hold with at least a quarter of my portfolio. Also have a small amount of MGM but feel like I may have bought too early - I can currently cash out for a small profit and may do so.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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pslyke
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#26633966 - 04/28/20 09:49 AM (3 years, 8 months ago) |
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Thanks Geo. I'm not a sophisticated investor, but I have been investing and paying attention to the markets for 20+ years. I completely agree-- things seem a little to good to be true right now. I am sitting on cash right now and waiting for the other shoe to drop once the true magnitude of unemployment and economic slow down is more fully felt.
-------------------- "What appears impenetrable to us does exist, manifesting itself in the deepest wisdom and the most radiant beauty" Einstein "The conservatives of 70 years ago would be outraged at what has come to pass. It embodies everything they took up arms for to defeat"Asante
Edited by pslyke (04/28/20 03:41 PM)
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#26634184 - 04/28/20 11:20 AM (3 years, 8 months ago) |
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A gap higher open followed by immediate selling this morning, on much higher than usual volume, and just a hair under the S&P's 200 day exponential moving average. What a relief... for my bear call spreads! 
Now that I have a clear line in the sand, a move above today's opening high on the SPY @ $291.40 would shut down my spreads immediately. I even sold another handful of the $290/291 spreads this morning for a $0.52 credit since I can so clearly define my risk. While I would ideally like to ride these to expiration, I would need to see a pretty definitive move down this week to be comfortable keeping them on. If we move above today's high of $291.40, the trade is off. If we aren't below $285 on Friday, I will take at least half of the trade off. If we are below $280, I would be comfortable letting it ride into the next week.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#26634498 - 04/28/20 02:16 PM (3 years, 8 months ago) |
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Took a small initial position via January $30 calls on Southwest Airlines (LUV) going into the close. It's no secret that travel related companies are facing some serious headwinds, but the stock is down 50% and they just reported earnings today, including raising new capital by issuing 55 million new shares and $1 billion in convertible notes (equating to around 10-11% of shares outstanding). This dilution kept a lid on gains for the day, but the stock was able to hold its low print and finish in the green, so if nothing else, this presents a low risk entry because you can set your stop below the day's low. The company also has over $9 billion of cash on hand, so they seem to be fairly well positioned to weather the storm and I would expect, based on how other airline stocks reacted to their narrower-than-expected loss, that the industry could see some continued levitation here.
Carnival Cruise Lines (CCL), another company feeling a whole lot of pain, also had a nice continuation move off of yesterday's breakout. I never did put on those call spreads I had mentioned a week or two ago, but I will be watching for an opportunity to do so. I have a hard time buying it right here after the 20% move it had over the past two days (which is why I restrained myself), although it looks like it could continue to move higher still as these "max pain" stocks have been spending the past weeks carving out a pretty tight base and performed admirably on a day when most of the stronger issues struggled.
Keeping an eye on some of the major restaurant brands as well, RRGB had a nice breakout today, although I missed it and do not care to chase, especially when the market in aggregate appears poised to stall here.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#26636409 - 04/29/20 09:47 AM (3 years, 8 months ago) |
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My bear call spreads have gone against me. Despite yesterday's high print being my "line in the sand", because we gapped higher at the open today, I have not yet closed the positions. This is a somewhat unusual circumstance, because you generally don't want to get stopped out right at the open (especially on options where the spreads remain very wide for the first few minutes of trading), and also because there is the Fed release at 2pm eastern all while we are bumping into overhead resistance. As such, I will wait to see how the market reacts to the Fed and if we stay strong at the close, this position will be exited at a loss.
Fortunately, a bullish call spread on HAL that's been running for a while, in addition to straight calls on CCL and LUV that were picked up yesterday are keeping me net positive on the day, albeit by a thin margin. The CCL calls were in fact a surprise, as I had a standing order open that got filled after the close yesterday when the stock dipped after hours. A happy surprise, no doubt.
Of course, RRGB which I was also cautious on yesterday, moved up another 20% this morning. 
Edit: Closed all bear call spreads. Market is just too strong. Will consider opening up at higher strikes if we get up to the S&P's 200 day simple moving average @ around ~$300 on SPY.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
Edited by geokills (04/29/20 10:51 AM)
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#26636749 - 04/29/20 12:24 PM (3 years, 8 months ago) |
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welp, seems like theres a group of us in the same boat of holding cash and wondering why things are doing what theyre doing. Boeing, which has been a heavy target of mine seems to defy gravity right now.
Still just exercising patience for another dip to attack, and maybe this time with a little more assertion than before.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#26636753 - 04/29/20 12:26 PM (3 years, 8 months ago) |
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Sorry to hear that you had to close them, but hopefully it was an even wash all said and done. It seems like theres a group of us in the same boat of holding cash and wondering why things are doing what theyre doing. Boeing, which has been a heavy target of mine seems to defy gravity right now.
Still just exercising patience for another dip to attack, and maybe this time with a little more assertion than before.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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