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Does anyone here actively play the market?

Discussion in 'Tilted Philosophy, Politics, and Economics' started by Borla, May 27, 2014.

  1. fflowley

    fflowley Don't just do something, stand there! Donor

    Ok here's a trade I have on now: See if you can understand the position as it now stands, and I'll post trades as they evolve.

    On Monday I bought 10 IWM June 19 2020 strike 120 puts for $4.62.
    How much did I spend?
    How much can I gain? How much can I lose?
    What's the underlying index? How many shares of the underlying do I notionally control?
    Are the puts in the money or out of the money?
    Is the position currently profitable?

    Let me know, and let's hope for a gap down Monday morning to make this fun.
     
  2. fflowley

    fflowley Don't just do something, stand there! Donor

    Lindy eager to hear your current take on Berkshire after the "meeting".
    Lots of cash on hand, poor investment returns recently and Warren isn't getting any younger.
    Are you still as bullish as you were in the past?
     
  3. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    At work..
    What is the best app or site for trading? Mainly penny stocks. I want one that has no minimum balance, no minimum deposit and dosent cost anything to trade.

    Sent from my VS996 using Tapatalk
     
  4. fflowley

    fflowley Don't just do something, stand there! Donor

    I can vouch for the quality of the user experience at TD Ameritrade. Have been their customer for many many years.
    Costs seem low/reasonable to me but have not done any comparison shopping in a long time.
     
    • Informative Informative x 1
  5. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    At work..
    ill check out TD Ameritrade. to be honest i forgot about that one
     
  6. omega

    omega Very Tilted

    I have had my little play account on etrade for a while. No issues thus far.

    This market defies reality, but I think reality will eventually settle in. Millions of people out of work. The ones working are probably not spending as much. We are a consumer based economy and money is not flowing. The market will crash at some point. Upside is maybe this will help topple the unindicted criminal trump and his republican co-conspirators. Or maybe his asswiping with the constitution and trampling of the 1st amendment. But I digress (so easy with that shitstain in the oval office).
     
  7. fflowley

    fflowley Don't just do something, stand there! Donor

    I too am baffled by the current rally.....but it's real and right now it's way too powerful to fight.
     
  8. omega

    omega Very Tilted

    Anyone else get in on gamestop? I thought 20 was too high, then 40 was crazy. So of course I bought 10 shares at 97 a pop. After about 4 days, I sold 3 shares at 405 each to lock in my cost plus 200 dollars. Finally sold my other shares today at around 95 each. So all told I made around 850 on the 10 shares. Would have been nice to have sold at 400 and made 3000 dollars profit, but such is life with imperfect information. I know it was purely speculative, but it got stressful keeping track every minute of the day.
     
    • Like Like x 2
  9. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    At work..
    I didnt get in on that one. i watched it but just never pulled the trigger. regreting that decision right now.
    Im in on DOGE right now.
     
  10. omega

    omega Very Tilted

    Ehh, my poor stepson bought into the hype. He bought 7.7 shares at 65 before i bought in. So easily in the money. Told him when I sold 3 shares to cover my cost and lock in 200 in profit. Then told him I was getting out. He said he did too when I did. I asked him how much he made. Turns out he bought more at a way higher price. Won't tell me how much, but said his losses are around 2000. I wish he had talked to me. This Won't break him, he is a saver. But he's upset. Thing is, he's a bright kid and I think he will learn from it and start taking investing seriously. He'll end up as one of those diligent 401k holders with a couple million at retirement.
     
  11. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    At work..
    I bought ir when it was 36. making a little money, nothing to write home about. .
    I bought FUBO about 2 weeks ago, its on a steady increase.
    I had TWTR when it was at $45, sold it at $54, now im kinda kicking my ass it closed yesterday ar $57.05. trying to decide when it goes back down at what point i will get back in or if i will
     
  12. ralphie250

    ralphie250 Fully Erect Donor

    Location:
    At work..
    The thing about DOGE is that at the price, you can risk $40.00 and come away with a little profit if you pay attention
     
  13. omega

    omega Very Tilted

    Following Peter Lynch's buy what you know with ingersoll-rand and Fubo sports.

    I look at the crypto market as like the u.s. auto industry in the beginning of the 20th century. 400 auto manufacturers and 30 years later there were like 10 real ones. 30 years after that and there were 3. I doubt anyone at the beginning of the century could have predicted gm, ford, and chrysler.
    I think crypto is viable, but who will last I have no idea. Governments are also putting a lot of pressure to be involved with tracking and so forth. The whole purpose of bitcoin was to evade tracking for drug purchases on the Silk Road. I have used it for purchasing vitamin S, but not for anything legal.
     
    • Informative Informative x 1
  14. rogue49

    rogue49 Tech Kung Fu Artist Staff Member

    Location:
    Baltimore/DC
    • Optimistic Optimistic x 2