Official Investing Thread

Schwab allows you to download .CSV which can be opened in Excel.

 

All my stocks in PM are just sort of....flat? Wtf is this?

 

Hanks post for those that want it.

The two things I'm watching today are the Dow and gold. Yesterday's decline in the Dow was certainly NOT impulsive, so it's likely the start of Wave 4 down within final Wave C up of Major Wave B up. If I'm correct about this, the Dow should trade down to a low near 27,000+/- before starting final Wave 5 up. At this point, the Model is holding a trial position of 1,200 shares of DXD. If the Dow trades down to 27,000, the Model will sell its shares of DXD and depending on how things look at the time, will either move to the sidelines or buy a small position in DDM to play the final rally.

Gold had a small pop yesterday but mining stocks were relatively weak. The HUI appears to be forming a small H&S pattern that should take prices lower over the next few weeks. My target for wave 2 down of the pattern was near the 240 level. But now that the H&S pattern has developed, I am adjusting my target closer to the 220 level. This new target puts more juice in the lemon, so today, I'll be looking to establish either a short position in the junior miners (GDXJ) or possibly buy a few shares of DUST. This is a spot where you will need to be extremely careful in your choice of trading vehicles, because it is possible that gold could rally while the miners fall. Scalp trades only.

h

 

I know, I woke up and saw the dow was pretty much flat and not up or down hundreds of points. What in the Wild Wild West is going on around here?

 

I should've listened to ohhaithur and sold LUV @ 40

 

If you still like it long-term you can still sell some calls on your stock (IDK how many you have) to recoup some of the money. That was my plan before I bailed out of fear

 

Only have 50 shares. Not enough to sell calls.

 

wave for 4 is before it bounces back up to finish the 3rd wave. I know it is confusing but when that third wave finishes that is the trigger to start the big drop. I think he said he was seeing a 3 wave big drop that will end at 18K. So we will drop down to, i am pulling these numbers out of no where, 20K then up then down to 18 to finish.

 

We are in a 5 wave pattern inside a 3 wave up.

 

What language are you guys speaking?

 

Surfing.

 

Actually. I'm an idiot. I do have 100 shares

 

Travel stonks are not flat you guys

 

Too many waves

 

I plan on riding the one to the bottom when he says its here.

 

Anybody buying puts yet? I’m tempted to, but don’t have the stones for that just yet

 

Learned my lesson back in March

 

I'm increasing any position that's in the red and not a penny stock. I'll do that every day til I'm broke. Has to go up at some point, right?

 

Bought Sep 18th DIA $210 Puts for 2.37 yesterday. 10 of them. up $500 so far.

 

Trying to hold DGLY until tomorrow AM. I keep telling myself to look away, but I can't.

 

sold my DLGY yesterday

 

In hindsight, this was good timing, but I wish I’d closed them all.

 

Any recommendations on best broker/platform/app?

I've been using fidelity active trader pro but lately it is pretty unusable on my mac, super slow and constantly crashing. I looked into robinhood but the charting stinks. Looking for a platform with streaming charting & quotes

 

Don't do RH. I think a lot of people like Think or Swim through TD Ameritrade.

 

thanks. I've been trying to avoid tda & schwab for paperwork reasons but if the ux is the best I'll just suck it up

 

Fed: We predict this will be the worst year for economic growth in 70+ years and even after the reopening of the economy one in ten Americans will be unemployed at the end of the year.
Stock Market: Fuck Yeah!

 

I’m actually going to open an account with them today. Finally got into a new role without the draconian trading restrictions.

already made a smooth 20% buying SPY calls this morning.

 

Added to my VOO position earlier

In at 293.33

 

Stonks. Go. Up.

 

just realized my work is doing a thinkorswim demo today. definitely looks like the right amount of features/ease that I'm looking for

 

Just got my account up and running. It's pretty awesome. Miles ahead of Merrill/Vanguard (the two I've used in the past) in terms of UI and UX.

 

gonna start needing trading tips/advice

 

Seriously the market is in weird unprecedented territory right now. I've been making some good coin just buying 2-3 day expiring SPY calls on the dip and flipping them in a little later.

 

Anyone use Vanguard? I have some very long term stocks there and might download their app.

 

Can someone tell me why my puts are increasing? Is RH broken?

 

same here. tons of cool features and it runs smoothly

closing out my fidelity acct tomorrow

 

Two straight days or slaughtering on my end. Not shocking...sold a decent amount earlier in the week because I figured things were getting too high too quick.

 

after hours RH is trash

 

It says it has been flat from 1030am. It isn't even afterhours...

 

Your puts went up because HTZ dropped almost 50%, but the charts are never right after hours on options because bids/asks disappear

 

Bunch of triggers went off today, half of my airlines gone, now I gotta find somewhere to put all the cash.

 

A lot of gains are gonna be wiped out today.

 

Today setting up to be a blood bath. Looks like I should’ve pulled the trigger on puts afterall

 

Down 8% premarket. Buying day.

 

Yesterday: Fed sees interest rates near zero through 2022, says asset purchases will continue and projects high employment for years.
https://www.nytimes.com/2020/06/10/business/economy/federal-reserve-rates-unemployment.html

 

Dow heading towards -1k