So ive been jacking around with this stuff since this communication. deposits and settling are super irritating. It really is this easy to make money (and lose it) I really thought there had to be alot more to it. I only have around 2k in play right now, I dont see how you guys with real money in it get anything done. I have everything sitting waiting for triggers or rebounds so i havent been checking it. Ameritrades interface is junk, Schwab is nice. Webull is weird. I have the touch of death, so of course when i got into cryptocurrency it went tits up for now. microvision has made some decent coin, AMC is doing well. Aviat is doing well Im really thinking lidar is going to make people a lot of money so im buying LAZR and MVIS. theres a huge secondary market for the data
I like holding the current loss on the cryptocurrency if I needed to offset a gain id sell it now, repurchase for recovered gain down the road. I see how people manipulate P/L now and get rich but pay little to no taxes. seems like it should be illegal. Most of this has felt like it should be illegal On Thu, Apr 15, 2021 at 8:19 AM Caleb Knauer <cknauer.li...@gmail.com> wrote: > I always thought that Iron Condor sounds like a cool metal way to lose all > your money. > > On Wed, Apr 14, 2021 at 3:30 PM Steve Jones <thatoneguyst...@gmail.com> > wrote: > >> looking at my schwab trading options im almost wondering if this is a sex >> cult thing. Im pretty sure in our younger pre marriage days me and the wife >> did a bunch of this stuff >> >> >> 1. 2 Leg SpreadsThere are 9 nested list items >> 1. Vertical Call >> 2. Vertical Put >> 3. Calendar Call >> 4. Calendar Put >> 5. Diagonal Call >> 6. Diagonal Put >> 7. Ratio Call >> 8. Ratio Put >> 9. Custom 2 Leg >> >> >> 1. 3 Leg SpreadsThere are 3 nested list items >> 1. Butterfly Call >> 2. Butterfly Put >> 3. Custom 3 Leg >> 2. 4 Leg SpreadsThere are 5 nested list items >> 1. Condor Call >> 2. Condor Put >> 3. Iron Butterfly >> 4. Iron Condor >> 5. Custom 4 Leg >> >> >> 1. CombinationsThere are 8 nested list items >> 1. Buy Write >> 2. Sell Write >> 3. Straddle/Strangle >> 4. Collar/Synthetic >> 5. Rollout >> 6. Rollout Spread >> 7. Rollout Straddle >> 8. Custom Stock Opt >> >> >> On Tue, Apr 13, 2021 at 12:13 PM Cameron Crum <cc...@murcevilo.com> >> wrote: >> >>> Yes the banks like to have your money on hand so they can use it to make >>> money for themselves. Those subscriptions to Chortle Quarterly, and the >>> mega-yachts they ride around on don't come cheap and certainly not with >>> their own money. Also, it's getting harder and harder to find a good >>> monocle maker these days. >>> >>> >>> >>> On Mon, Apr 12, 2021 at 9:58 PM Robert <i...@avantwireless.com> wrote: >>> >>>> Trading can be worse than Gambling... If you are really good at >>>> gambling... >>>> https://www.cbsnews.com/news/sports-bettor-billy-walters-winning-streak-13-01-2011/4/ >>>> >>>> >>>> On 4/12/21 1:10 PM, Steve Jones wrote: >>>> >>>> So if you dont trade on margin, you still have to have a margin account >>>> with 25000? The more im learning and reading the more I understand why >>>> certain people believe there needs to be more regulation. The crazy amount >>>> of risk, aside from just putting your money up, margin, short sale, etc. I >>>> dont have any interest in doing much of that, in regular life I try to be a >>>> cash guy (though economy and paycheck doesnt allow that) but I wouldnt ever >>>> consider taking a load out to go to the casino. >>>> >>>> I see the risk aversion, I switched my paper account balance to the >>>> actual amount id be willing to risk, and suddenly I wasnt as adventuresome, >>>> I assume that would amplify when actual money goes in. I dont mind my risk >>>> on the limited long term stocks, I think theyll perform well, Smith and >>>> Wesson in particular. >>>> >>>> I have my paper account sitting at -1900 for the day with pending sells >>>> for tomorrow that I think will hit the expectations at 9 tomorrow. Is that >>>> considered day trading since part of the cash was from a purchase and sell >>>> today? >>>> >>>> this webull place says i can day trade with 100 dollars, so if i was to >>>> toy with that, its just math to extrapolate to real gains or losses? Im >>>> just finding it hard to believe theres a way to get better than casino >>>> winnings without committing a crime >>>> >>>> On Mon, Apr 12, 2021 at 2:55 PM Tyson Burris <t...@franklinisp.net> >>>> wrote: >>>> >>>>> Steve- >>>>> >>>>> >>>>> >>>>> I didn’t read the whole email chain so I maybe blowing smoke here. >>>>> >>>>> >>>>> >>>>> Margin is borrowed money based on a set value of a security. You >>>>> cannot Margin trade most penny stocks. >>>>> >>>>> >>>>> >>>>> Margin trading is high risk / high reward. You MUST be careful. A >>>>> stock that is traded on Margin and rapidly decreases its value you can >>>>> cause you to be in Margin CALL or even owe the broker if not careful. >>>>> Buying Power tends to be Margin. >>>>> >>>>> >>>>> >>>>> According to SEC regulations, a day trader is one who trades / flips >>>>> five or more times in a trading period. If you are flagged as a day trader >>>>> you must maintain 25K or more. Holding a security overnight and not >>>>> bouncing in and out of it prevents this from happening. I believe if your >>>>> account is flagged, you can wait 60-90 days and request the flag be >>>>> removed. (assuming you don’t day trade anymore) >>>>> >>>>> >>>>> >>>>> Those who don’t hold a stock for a year or longer will pay a much, >>>>> much larger capital gains tax then those who do. Short vs. Long term. >>>>> >>>>> >>>>> >>>>> Examples of pros and cons… >>>>> >>>>> I took a 30K+ loss many years ago when earnings came out and the stock >>>>> tanked. I had the stock purchased on Margin. Had I not, the loss would >>>>> have been so much less. I was forced into a Margin call and had to take >>>>> the large LOSS. This is an example of Margin trading that caused a large >>>>> loss. >>>>> >>>>> >>>>> >>>>> During Covid, I invested with Margin into a stock I knew would do >>>>> well. At the peak, 3 million was made. So this became a perfect case in >>>>> which Margin trading worked really to my benefit. I had to hold this >>>>> stock >>>>> for a year or longer to reduce the capital gain tax. >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> *Tyson Burris, President* >>>>> *Internet Communications Inc.* >>>>> *739 Commerce Dr.* >>>>> *Franklin, IN 46131* >>>>> >>>>> *Office #* *317-738-0320 * >>>>> *Cell/Direct #* *317-412-1540 * >>>>> *Online: **www.surfici.net* <http://www.surfici.net> >>>>> >>>>> >>>>> >>>>> [image: ICI] >>>>> >>>>> *What can ICI do for you?* >>>>> >>>>> >>>>> *Broadband Wireless - PtP/PtMP Solutions - Mesh Wifi/Hotzones - IP >>>>> Cameras - Fiber - Towers - Infrastructure.* >>>>> >>>>> *CONFIDENTIALITY NOTICE: This e-mail is intended for the* >>>>> *addressee shown. It contains information that is* >>>>> *confidential and protected from disclosure. Any review,* >>>>> *dissemination or use of this transmission or its contents by* >>>>> *unauthorized organizations or individuals is strictly* >>>>> *prohibited.* >>>>> >>>>> >>>>> >>>>> *From:* AF <af-boun...@af.afmug.com> *On Behalf Of * Steve Jones >>>>> *Sent:* Monday, April 12, 2021 1:02 PM >>>>> *To:* AnimalFarm Microwave Users Group <af@af.afmug.com> >>>>> *Subject:* Re: [AFMUG] OT: penny stocks >>>>> >>>>> >>>>> >>>>> I just dont get it >>>>> >>>>> I reset my account to specific cash amount. I dont understand buying >>>>> power, seems like credit. >>>>> >>>>> The one im toying with is RGBP, if someone can look and tell me what >>>>> thinkorswim is letting me do that the real world wouldnt allow >>>>> >>>>> >>>>> >>>>> On Mon, Apr 12, 2021 at 11:47 AM Carl Peterson < >>>>> cpeter...@portnetworks.com> wrote: >>>>> >>>>> It is also pretty easy to look like a genius when markets are going up >>>>> an idiot on the way down. Markets have been going up and up and up for a >>>>> long long time now. At some point that party will end. >>>>> >>>>> >>>>> >>>>> On Mon, Apr 12, 2021 at 11:44 AM Carl Peterson < >>>>> cpeter...@portnetworks.com> wrote: >>>>> >>>>> What is often missing from play accounts is often liquidity. They >>>>> generally assume you can make any trade at wherever the current "price" >>>>> is. If you are trading VWAPY that might generally be true. Perhaps not >>>>> for VWAGY. Often not when trending $rando penny stock. >>>>> >>>>> >>>>> >>>>> On Mon, Apr 12, 2021 at 11:12 AM Steve Jones < >>>>> thatoneguyst...@gmail.com> wrote: >>>>> >>>>> im simply not grasping this >>>>> >>>>> on the paper trading site, ive made 7500 this morning on 10k i was >>>>> playing with. thats 11,000 dollars in 2 days of playing around with >>>>> essentially 10,000 up front. There has to be more to this. >>>>> >>>>> i see on my schwab account if i make more than 4 same day trades in a >>>>> week i get flagged as a day trader and need to have 25,000 in my account >>>>> or >>>>> i get a margin call. I dont know what that means, im not buying on margin, >>>>> it would be cash. >>>>> >>>>> >>>>> >>>>> assuming that I had actually had 10,000 in my real account, would I >>>>> really have profited 11,000 in 2 days on 5 trades? (there was some math >>>>> mistakes made, I made the same size purchase each time, forgetting that >>>>> the >>>>> increased price lowered the number of stocks i could get for 10k, but >>>>> technically the sale would have put enough in to cover the difference) >>>>> >>>>> >>>>> >>>>> On Sat, Apr 10, 2021 at 4:08 PM Caleb Knauer <cknauer.li...@gmail.com> >>>>> wrote: >>>>> >>>>> It works great, right until it doesn't. If it was that easy then we'd >>>>> all be wolf of wallstreet. >>>>> >>>>> On Fri, Apr 9, 2021 at 10:13 PM Steve Jones <thatoneguyst...@gmail.com> >>>>> wrote: >>>>> > >>>>> > So I've been dicking around with the market, trivial amount, 5 >>>>> shares per stock. If I had put a lot in Tesco would have done me well. >>>>> > >>>>> > I have 100 shares of this penny stock, it's a gold backed >>>>> cryptocurrency, I watch it bounce a lot throug the day and its followed >>>>> the >>>>> same trend for its couple months existence. >>>>> > >>>>> > So I set up a paper account and was dicking today with another penny >>>>> stock. Set buy and sell limits with about 10,000 in the play money. It >>>>> made >>>>> 4k in 2 rounds. It's just a couple pennies it fluctuates but at 500,000 >>>>> shares that adds up. >>>>> > >>>>> > I told the wife and of course she wants me to cash in something and >>>>> play with real money. >>>>> > >>>>> > I'm more inclined to see how the play money performs, I have some >>>>> limits on the crypto stock that we will see what happens on monday >>>>> morning. >>>>> > >>>>> > I'm thinking to myself there has to be a catch. If it was that >>>>> simple, everybody would be doing it. >>>>> > >>>>> > You guys who mess around probably went through a time where you >>>>> tried that kind of trading, and none of you talk about it now, so I assume >>>>> the catch is pretty straight forward. >>>>> > >>>>> > I was looking at my IRA, it's done pretty good at 17 percent. But >>>>> just taking 10k of it and playing with this at 1 percent per trading day, >>>>> that would be another 27k annually. >>>>> > >>>>> > I do see why day traders need low latency though, but with limits I >>>>> dont see it has a lot of impact. >>>>> > >>>>> > What's to stop a guy from spending an hour or 2 every morning with a >>>>> relatively small amount in the big scheme of things like 10k trading to 1 >>>>> percent or better and then going to work? 100 bucks a day or more doesnt >>>>> seem terrible for an hour. >>>>> > >>>>> > >>>>> > -- >>>>> > AF mailing list >>>>> > AF@af.afmug.com >>>>> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>> >>>>> -- >>>>> AF mailing list >>>>> AF@af.afmug.com >>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>> >>>>> -- >>>>> AF mailing list >>>>> AF@af.afmug.com >>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> -- >>>>> AF mailing list >>>>> AF@af.afmug.com >>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>> >>>>> -- >>>>> AF mailing list >>>>> AF@af.afmug.com >>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>> >>>> >>>> >>>> -- >>>> AF mailing list >>>> AF@af.afmug.com >>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> >>> -- >>> AF mailing list >>> AF@af.afmug.com >>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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