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Baby_Hitler
Errorist




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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27479802 - 09/23/21 06:02 PM (2 years, 4 months ago) |
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I agree it's a shitty regulation. My understanding is if I buy a stock I have to wait until at least the beginning of the next trading day. Not, like, 24 hours or anything. If I buy it late one day, I can sell it early the next day.
Good faith violations are more complicated and harder to keep up with, but haven't been an issue for me since I rarely have more than maybe half of my account in investments at any one time, anyway.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler] 1
#27479812 - 09/23/21 06:16 PM (2 years, 4 months ago) |
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Makes sense to me from a perspective of the people completing the transactions
Probably would end up with an overwhelming amount of trading and small amounts of profit to make from completing the transactions, potential overload issues
Look how trading can get suspended on stocks when they get insane with volume
I'm just glad crypto doesn't work the same way or I'd have a fit
Is that in part due to its decentralized nature where we have people running the block chain for mining profits ?
-------------------- Within You , Without You
      
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ashfiken
TotalCrazyasshole


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu] 1
#27480344 - 09/24/21 06:37 AM (2 years, 4 months ago) |
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I'd say yes to that. And the fact there's stable coins that are easily transferrable among tonnes of coins and tokens. and those are an easy way to stay in the market ready to deploy or suspend cash to projects.
Exchanges have crashed amidst headwinds in crypto however so technically with that I'd say it can, if fact, act like stocks in the instability in times of high volume.
-------------------- hmm... "I'm naked and fearless... And my fear is naked." "life isn't worth living without the threat of death" "I got my plans in a ziploc bag, let's see how unproductive we can be" "nobody lives their lives fully except for bull fighters" My Trade List
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu] 1
#27480527 - 09/24/21 09:30 AM (2 years, 4 months ago) |
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Quote:
Baby_Hitler said: My understanding is if I buy a stock I have to wait until at least the beginning of the next trading day. Not, like, 24 hours or anything. If I buy it late one day, I can sell it early the next day.
Correct, a day trade or "round trip" as it is sometimes called, is counted when you buy and sell the same security within the same trading day.
Quote:
Good faith violations are more complicated and harder to keep up with, but haven't been an issue for me since I rarely have more than maybe half of my account in investments at any one time, anyway.
If you are receiving good faith violation notices, that means your account is not a margin account, which I believe means the Pattern Day Trading designation cannot be applied to your account anyway. This is the likely the case, since you would effectively be restricted from day trading if you rack up too many good faith violations anyway. If the violations are bugging you, you should upgrade your account to margin. There should be no additional cost for it, and you never have to use the margin debt, it's just a nice way of avoiding those annoying violation notices.
Quote:
Enkidu said: Probably would end up with an overwhelming amount of trading and small amounts of profit to make from completing the transactions, potential overload issues
That's not really the issue here regarding why the Pattern Day Trade designation was put into practice. High frequency program based/algorithmic trading operations make many orders of magnitude more small trades than any retail investor could ever make, every single day, and the markets still function without halting.
Quote:
I'm just glad crypto doesn't work the same way or I'd have a fit
Is that in part due to its decentralized nature where we have people running the block chain for mining profits ?
In fact, the base layers of crypto are more susceptible to throughput issues during periods of high volume. This is why bitcoin and ethereum transaction fees go through the roof during active periods, as anyone who wants their transaction settled in anything resembling a reasonable period of time, has to bid up their offer to outcompete other orders. This is also what allegedly happened with Solana last week, when their entire network halted due to being overrun with an estimated 400,000 transactions per second. This exemplifies why it is so difficult to achieve fast settlement for decentralized exchanges directly on a blockchain, and why Solana's high transaction throughput is so attractive to venture capital right now (even as they are in fact sacrificing decentralization in favor of speed).
Of course, if you are trading on a centralized exchange, you are trading in an isolated/siloed environment, and your settlement time will be nearly instant (once your order is matched) since each exchange only services a relatively small slice of overall market volume and they record transactions on their own independent/in-house ledger. In other words, they aren't actually moving the crypto on its base layer (i.e. no blockchain transactions are involved when members of a centralized exchange execute trades between one another).
I would also note that regulation of crypto exchanges is likely to heat up in the years to come, and we may very well end up seeing FINRA mandates such as the Pattern Day Trader designation eventually applying to crypto exchanges.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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CHeifM4sterDiezL
Chief Globerts

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27480540 - 09/24/21 09:41 AM (2 years, 4 months ago) |
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Was sick with seasonal dry cough the past week what the hell happened the sell I was waiting on? Watching few things right now. How did we not recognize uber when we were talking airbnb. Another thing is see happening is more virtualization across the board but especially in restaurants. There's obviously gonna be certain groups usually mom and pops that can't be bothered to deal with it. What are companies that are doing seamless streamlined virtualization for restaurants?
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL] 1
#27480562 - 09/24/21 09:54 AM (2 years, 4 months ago) |
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Quote:
What are companies that are doing seamless streamlined virtualization for restaurants?
One just IPO'd this week (TOST): https://pos.toasttab.com/
- Toast surges 56% in NYSE debut after IPO valued restaurant-tech company at $20 billion
Excerpt: Toast’s IPO comes amid a business resurgence for a company that was devastated in the early days of the Covid-19 pandemic, when restaurants were forced to close their doors and cities across the country shut down. In April 2020, Toast slashed half its workforce, and CEO Chris Comparato wrote in a blog post that the prior month, “as a result of necessary social distancing and government-mandated closures, restaurant sales declined by 80 percent in most cities.”
Sales rebounded rapidly as eateries shifted to takeout and contactless ordering and eventually opened up to outside dining. Toast initially gave a one-month credit of software fees to its customers and provided free access to its technology that enabled takeout, online ordering and gift card purchases. By the third quarter, revenue was back on the upswing and was even higher than a year earlier, before the pandemic.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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CHeifM4sterDiezL
Chief Globerts

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 1
#27480584 - 09/24/21 10:12 AM (2 years, 4 months ago) |
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So they've remained solvent and trimmed all the fat. From the face tho it looks like a pretty shit software service. They'll prob do okay.
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL] 1
#27480619 - 09/24/21 10:33 AM (2 years, 4 months ago) |
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Ahhh very interesting, thank you Geo
Come to think of it, I no longer trade as frequently as I once did
I definitely prefer it this way
I trade more often in crypto, but my goal is to transition into long term investing as soon as possible
-------------------- Within You , Without You
      
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ManianFH
living in perverty



Registered: 07/06/04
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu] 1
#27508867 - 10/18/21 09:51 AM (2 years, 3 months ago) |
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Just an update. Am fully exposed as of this time.
AMZM WMT BA AAPL TSLA
These make up the majority of my profile. There are a few I have my eyes on. The pots, the crypto’s, and to a much lesser extent VZ and RKT. The latter have performed quite poorly, but are two companies that aren’t going anywhere. I don’t know where the bottom is for either but might jump on an opportunity if it seems right.
-------------------- 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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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH] 1
#27512519 - 10/21/21 02:31 PM (2 years, 3 months ago) |
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This thread is so dead lately. I kinda miss geo's frequent updates, really enjoyed those.
Geo are you taking a break from the daily stock activity or just not posting as much?
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Baby_Hitler
Errorist




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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: sh4d0ws] 1
#27512554 - 10/21/21 02:54 PM (2 years, 3 months ago) |
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I hope somebody bought a bunch of MARA a couple of weeks ago.
I didn't.
-------------------- Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ (•_•) <) )~ ANTIFA / \ \(•_•) ( (> SUPER / \ (•_•) <) )> SOLDIERS / \
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Baby_Hitler] 1
#27512613 - 10/21/21 03:53 PM (2 years, 3 months ago) |
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I know for me I've been trading stocks way less the last month or more.
Mainly because the stocks I've been watching have been stuck in downtrends or building formation without much for me to draw a clear bull sign from
Took a decent look around the other day and there are quite a number of stocks that look to be gaining some decent formation and support and starting to show some signs of potential momentum
I personally will be trying to keep a closer eye as things progress to look for some good trading opportunities in the coming weeks
There's been action but I keep missing preferred entry locations or miss them entirely because I just gave up watching and waiting
-------------------- Within You , Without You
      
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geokills
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: sh4d0ws] 3
#27512704 - 10/21/21 05:15 PM (2 years, 3 months ago) |
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Quote:
sh4d0ws said: This thread is so dead lately. I kinda miss geo's frequent updates, really enjoyed those.
Geo are you taking a break from the daily stock activity or just not posting as much?
Yeah, I've been on break from equities. My focus has been squarely on crypto lately, my kid started preschool and ceramics class and I've just generally been too busy to commit time to trading equities in the mornings due to having to get him ready for and driven to school, etc. I also got shaken out of most of my positions in September and the market just didn't feel very friendly at the time.
Kind of just lost track of it in the fray of life to be honest, which is a tad unfortunate since October has presented some great opportunities, but my crypto portfolio has been just killing it so I'm not sweating missing out on the equity run this month. Were I trading and had a developed opinion, I would certainly be sharing it here, but frankly every time I glanced at the market, it just looked a bit too volatile for my taste, having broken some key levels and following with some fairly big up and down days, that type of trading can really chop you up if you're not careful (especially if you like to trade options as I do). Meanwhile, I do have a few January calls on COIN that I held through the September swoon which are now up around 60%, and some common stock in TSLA that's up a good 25%; wish I'd held my options on that one but alas, I got shaken out of those and never circled back.
If I start feeling some conviction and have the time to actively focus on equities, I'll surely fire up posting in here again. It's important for me to be able to share my thesis as it helps keep me on track and disciplined. Amazing how clear your mistakes can become when you are making efforts to write down your strategy and thesis as you go along. On that note, it is important to take breaks, cause trading, while it can be fun and profitable, can also be a pretty dull grind that isn't particularly fruitful for the soul. I'm sure I'll be back at it at some point though!
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Gorlax



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] 2
#27513836 - 10/22/21 03:46 PM (2 years, 3 months ago) |
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The global supply chains issues have been the talk of Wall St. lately and the biggest elephant in the room is energy (Oil/LNG). European gas prices have increased and there is now a significant gap between American and global prices that is likely to last for a very long time. Morgan Stanley raised their Brent price forecast for 1Q 2022 to $95/bbl from $77.50/bbl, saying prices are searching for a level where demand erosion kicks in. The commercial crude draw of 0.4MM bbl with Cushing stockpiles dropping to nearly 31.2MM bbl which is very close to a 3-year low. Crude imports from Russia were "0" this past week which was the first time since 02/21 (Russia has been the 2nd largest supplier of crude since 05/21) Gasoline and diesel both saw large draws of 5.4MM bbl and 3.9MM bbl and refinery utilization fell to 84.7% (down 2.0% w/w).
Citigroup's head of commodities research believes Europe could "run out" of natural gas and see prices surge to $100/mmBtu this coming winter. BP has signed a 10-year gas pipeline deal with China's Shenzhen gas for the delivery of a pipeline equivalent of 0.3 mtpa of liquid natural gas starting in 2023. Amid the significant energy shortage, India is reportedly contemplating maintaining strategic reserves of natural gas and imported coal to manage future supply shocks. UBS also expects oil demand to hit ~100 million bpd in Dec-21 as higher natural gas prices support further gas-to-oil switching for power generation. Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman stated that there was little that OPEC+ could do in regards to natural gas prices at this point.
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gorlax] 1
#27518023 - 10/25/21 07:44 PM (2 years, 3 months ago) |
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ET looks pretty good here
-------------------- Within You , Without You
      
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu] 2
#27518068 - 10/25/21 08:18 PM (2 years, 3 months ago) |
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TSLA went bonkers today. I am very glad I listened to Geos advice and held strong through the sideways drift this past month. Need to set some stops heading into tomorrow, I couldn’t imagine there is a ton of charge left but it seems to remain strong after hours above $1000.
Still have decent exposure elsewhere but so far AAPL,AMZN, and BA are dragging.
-------------------- 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



Registered: 07/06/04
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH] 1
#27518189 - 10/25/21 11:13 PM (2 years, 3 months ago) |
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TSLA sold 100k vehicles to Hertz, and may be involved in the charging infrastructure they will be building to maintain the fleet. Must have been part of the upward move.
-------------------- 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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Gorlax



Registered: 05/06/08
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH] 1
#27518239 - 10/26/21 01:03 AM (2 years, 3 months ago) |
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It was part of the move but that move was huge in magnitude compared to a 100k order. Elon said it himself that they don't have a supply issue it's a production issue. Could have been a nice signal showing cooperation with other companies and a push towards more EV focus in rental car area.
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Enkidu
"No-Such-Person"


Registered: 07/09/16
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Gorlax] 1
#27519204 - 10/26/21 05:48 PM (2 years, 3 months ago) |
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Yeah buying Tesla back at 650 woulda been the move
Watching Nio here as it starts to show signs of support and a breakout attempt
*Looking at DXY I will likely keep my eyes and money geared toward crypto.
Edited by Enkidu (10/26/21 06:38 PM)
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ManianFH
living in perverty



Registered: 07/06/04
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu] 1
#27530677 - 11/04/21 10:44 PM (2 years, 2 months ago) |
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Aaaand once again all cash. I hit a good stretch and got out a bit too early (last Monday), dipped my feet back into AMZN and caught a quick ride up before exiting again for a small profit. TSLA is the one big miss, I could’ve easily nabbed another $1000 by just not touching it.
Am really happy for the gains this year, was not as lucrative as 2020 but still have handily outperformed a 10% return target I had set. Am chomping still the bit to add another 6k going into next year. Want to play it safe and give nothing back, but will be watching direction of markets the rest of this week to plan a future entry.
-------------------- 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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