FUBO was also "pumped" on this thread. Not complaining, but there was quite a bit of FUBO chatter here.

So much more fun than mega millions/powerball!

Irish 2.0 said:

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Jet Black said:

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FUBO was also "pumped" on this thread. Not complaining, but there was quite a bit of FUBO chatter here.

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I traded it a little, but it was very much a PR driven stock. S/L shouldn't be so wide when dealing with PR stocks. If some of y'all are carrying FUBO long term, averaging down might be a decent option here and then sell CC at your b/e price until you've reduced your cost average to a more comfortable position. It was trading $43 only 16 trading days ago. If tech starts to rally, could come out unscathed

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Thanks

Jet Black said:

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FUBO was also "pumped" on this thread. Not complaining, but there was quite a bit of FUBO chatter here.

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I still believe in them. I think Prog still does as well (add Colt to that mix last I saw). It's just getting hammered with a lot of names. I'm not long FUBO at the moment, cut bait about a week ago. I want to see how this market reacts over the next few trading sessions before I go adding a bunch of names.

I would remember, there's a lot of volume into FUBO at these levels if you go back and look at charts. It is make or break territory though.

If a thread exists about short-term capital gains taxation I can't find it so please point me in that direction.

IF NOT.

How are yall managing the chunk-loss from short-term capital gains taxes? (Not a discussion about Dem's threat to tax every financial transaction.
This isn't a boogyman post or fear base, but a preparation for next years taxes since I stated this with a real account in..... this month. Hopefully, 2021 isn't a zero-sum year. I hate paying taxes, but if I do pay taxes on this side hustle it means I have done exceedingly well, but I doubt I will realize enough gains... I think.

Anyway, any help, comments, or thoughts are greatly appreciated.

Closed up .02 today. I'll take that after being down 6% before work got busy and I stopped watching

BREwmaster said:

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Jet Black said:

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FUBO was also "pumped" on this thread. Not complaining, but there was quite a bit of FUBO chatter here.

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I still believe in them. I think Prog still does as well (add Colt to that mix last I saw). It's just getting hammered with a lot of names. I'm not long FUBO at the moment, cut bait about a week ago. I want to see how this market reacts over the next few trading sessions before I go adding a bunch of names.

I would remember, there's a lot of volume into FUBO at these levels if you go back and look at charts. It is make or break territory though.

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I've considered adding more to bring my cost down, but it sure seems risky. Almost feels like increasing your bets on the black Jack table trying to recover your losses, which always turns out well.

Before you'd do anything like that, probably a good idea to wait for a reversal before trying to cost average down. Use TA so you can at least have a better chance instead of catching falling knives. I had some FUBO covered by May calls deep enough that I had to wait for it to go down to sell the calls and then sell most of the shares. I have 40-50 shares left that I've been holding since. They are net free bags, but still bags.

That is the attitude I have started this journey. I think it's the best way to approach Uncle Sam's payment. Rather than some unique obstacle in the way of building.

Thanks Irish..

So when does this sideways market end? It feels like the bull market is over.

$30,000 Millionaire said:

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Jet Black said:

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FUBO was also "pumped" on this thread. Not complaining, but there was quite a bit of FUBO chatter here.

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I own 2500 shares of FUBO at an average price of around $35. Everyone is in the stocks they talk about. It's your choice to buy.

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I 100% agree. I disagreed with the statement that it was only being traded off a twitter pump.

Thanks. Did you mean buy the calls back?

I watch the Russell 2k now more than the other indexes (kind of replaces the DOW). Most of my trading account stocks are Russell 2k. Russell can be down 2% while the DOW and S&P are flat, hell we just saw it all week.

Irish 2.0 said:

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irish pete ag06 said:

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What do yal recommend doing if my account is below 25k and I accidentally over day traded and fidelity is sending me dirty messages about it. Putting in enough cash to get to 25k is not an option at the moment.

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Go to a cash account and quit trading on margin. Have to be careful about good faith violations then

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I actually never made a trade that cash wouldn't cover. I just bought a sold a small amount of stock too many times this week.

You can keep trading, but you might consider dropping down to only a handful of positions (favorite 3 - 5), and avoid buying anything you think you might want to sell that same day.

You can also reach out to Fidelity and explain to them you are not a day trader, and the markets were super volatile this week, which led you to buy and sell your positions in the same day. The PDT rules are government regulations, so Fidelity does not have an option but to label your account PDT, and give you the warnings you keep seeing. Most brokers will remove it the first time when you contact them.....but there's no guarantee.

BREwmaster said:

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Jet Black said:

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FUBO was also "pumped" on this thread. Not complaining, but there was quite a bit of FUBO chatter here.

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I still believe in them. I think Prog still does as well (add Colt to that mix last I saw). It's just getting hammered with a lot of names. I'm not long FUBO at the moment, cut bait about a week ago. I want to see how this market reacts over the next few trading sessions before I go adding a bunch of names.

I would remember, there's a lot of volume into FUBO at these levels if you go back and look at charts. It is make or break territory though.

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Are you saying make or break as in you think this company could go down? Not the stick but the company in general?

Just wondering. I love the sports first business model and think they get bought before anything happens. I wouldn't be surprised to see someone like Apple buy them but then again Apple needs to get serious on the TV side of things and I don't believe they really have...

Unfortunately was too busy to capitalize on the spike over a $1 on NPPTF this week. What seemed to cause that?

Is it really sports first without TNT?

Fireman said:

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You can keep trading, but you might consider dropping down to only a handful of positions (favorite 3 - 5), and avoid buying anything you think you might want to sell that same day.

You can also reach out to Fidelity and explain to them you are not a day trader, and the markets were super volatile this week, which led you to buy and sell your positions in the same day. The PDT rules are government regulations, so Fidelity does not have an option but to label your account PDT, and give you the warnings you keep seeing. Most brokers will remove it the first time when you contact them.....but there's no guarantee.

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Yeah they "can't" remove it. She said they could in the past but the new policy is it stays no matter what.

irish pete ag06 said:

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Fireman said:

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You can keep trading, but you might consider dropping down to only a handful of positions (favorite 3 - 5), and avoid buying anything you think you might want to sell that same day.

You can also reach out to Fidelity and explain to them you are not a day trader, and the markets were super volatile this week, which led you to buy and sell your positions in the same day. The PDT rules are government regulations, so Fidelity does not have an option but to label your account PDT, and give you the warnings you keep seeing. Most brokers will remove it the first time when you contact them.....but there's no guarantee.

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Yeah they "can't" remove it. She said they could in the past but the new policy is it stays no matter what.

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You must have forgot to say "so if I move a couple million over from my IBKR account - will that fix it?"

Jokes aside - if you stop day trading, I think those warnings go away in about 60 - 90 days, but some of the more experienced experts might know more than me on that.

PDT, Wells Fargo had me fill out a form to remove it and if I did it again it would stay on permanently.
I finally transferred my account somewhere else.

DubFalls said:

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Is it really sports first without TNT?

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They need to get them onboard.

Jet Black said:

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DubFalls said:

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Is it really sports first without TNT?

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They need to get them onboard.

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Can they compete with Youtube tv et al on price once TNT comes on board?

irish pete ag06 said:

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Jet Black said:

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$30,000 Millionaire said:

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Jet Black said:

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FUBO was also "pumped" on this thread. Not complaining, but there was quite a bit of FUBO chatter here.

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I own 2500 shares of FUBO at an average price of around $35. Everyone is in the stocks they talk about. It's your choice to buy.

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I 100% agree. I disagreed with the statement that it was only being traded off a twitter pump.

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Agree here. This is a legitimate business model. If they can nail down the rest of the regional sports networks and become the go to streaming option for live sports fanatics they have a shot to be huge. And then the betting too.

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I would assume live sports is taking highest bids and probably not looking to lock in long term given the fact its becoming the only broadcast with expensive commercials.

Doesn't mean they can't pull it off. They got the Ben Shapiro promo, I like that.

oldarmy1 said:

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mrad85 said:

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I've missed watching the forum the last few weeks.

Are we still holding the ridiculous amounts of WWR, or is it gonna turn into another CLOV?

I don't want to be the only one left holding the bag, because it's a huge bag.

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I was excited to get to reclaim all my sold shares of WWR during this weakness. I'm net free on all previous holdings so the "bag" I'm holding looks like a huge Christmas sack filled with free money.

Everyone who followed the accumulation strategy should be in the same shape. If you're a new position joiner then you are welcome to follow the same strategy now. Nothing changed for the long term view and the magical double hit was completely unexpected this early.

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Haven't done the full calcs but I have to be close to net free (if not already there) with the covered calls and sold puts I've done over past few months. Thanks as always OA

Ouch...NIO took a big hit this morning. They're citing a chip shortage that is resulting in a production halt. SHOULD just be a short term issue.

If you're a believer in it for the long haul, seems like a good spot to buy more at right around $35.