question: how does one know when a Stop Loss transaction is allowed and when it isn't? Fidelity is telling me that FHTX (NasdaqGM) is over the counter and therefore not eligible. My ignorance on this issue has cost me too many $.
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Last: 1 hr ago by Heineken-Ashi
Sold the net free SPY call I had from yesterday at open.
Bought two more when it dipped around .97 and flipped those for 1.42
Thinking I might be done for the day in the small account.
Bought two more when it dipped around .97 and flipped those for 1.42
Thinking I might be done for the day in the small account.
Good move.
I'm in the red so, no
you may all go to hell and i will go to Texas
TSLA - More Elon Musk tax selling today.
I need to find a source to figure out how close he is to his 10% unloading number.
I need to find a source to figure out how close he is to his 10% unloading number.
OTCs are different due to the ridiculous spreads they have sometimes, volatility, and frankly brokers don't like them. This is Fidelity's blurb.cageybee77 said:
question: how does one know when a Stop Loss transaction is allowed and when it isn't? Fidelity is telling me that FHTX (NasdaqGM) is over the counter and therefore not eligible. My ignorance on this issue has cost me too many $.
http://personal.fidelity.com/webxpress/help/topics/learn_order_types_conditions.shtml
Quote:
What are stop orders?
Stop orders are used to buy and sell after a stock has reached a certain price level. A buy stop order is placed above the current market price, and a sell stop order is placed below the current price (to protect a profit or limit a potential loss).
For listed securities, a stop order to buy becomes a market order when a trade occurs at or above the stop price. A stop order to sell becomes a market order when a trade in the security occurs at or below the stop price.
For over the counter (OTC) securities, a stop limit order to buy becomes a limit order, and a stop loss order to buy becomes a market order, when the stock is offered (National Best Offer quotation) at or higher than the specified stop price. A stop limit order to sell becomes a limit order, and a stop loss order to sell becomes a market order, when the stock is bid (National Best Bid quotation) at or lower than the specified stop price. Note, however, that some market makers may apply the guidelines for listed security stop orders to OTC securities. Further information regarding specific transactions is available upon written request.
Stop orders are not always accepted. The specialists on the various exchanges and market makers have the right to refuse stop orders under certain market conditions. Not all securities are eligible for stop orders.
On open limit orders to buy and open stop limit orders to sell listed stocks, the limit price is automatically reduced on the "ex-dividend" date by approximately the amount of the upcoming dividend, unless you specify the do not reduce condition when you place the order.
The volume on this thing is awful on a $17 stock
Followed McInnis on the SPY 465/470 yesterday. Rolled the 465 to 468 with a little extra profit booked earlier to lock in a net free 468/470 spread for 12/23.
And hit my goal for the day, I'm done.
And hit my goal for the day, I'm done.
Just went long on Citi (C) shares - can't pass them up at that price as we head into a rising interest rate environment
added some SPY 12/23 $476 calls for when Santa comes to town.
Irish 2.0 said:OTCs are different due to the ridiculous spreads they have sometimes, volatility, and frankly brokers don't like them. This is Fidelity's blurb.cageybee77 said:
question: how does one know when a Stop Loss transaction is allowed and when it isn't? Fidelity is telling me that FHTX (NasdaqGM) is over the counter and therefore not eligible. My ignorance on this issue has cost me too many $.
http://personal.fidelity.com/webxpress/help/topics/learn_order_types_conditions.shtmlQuote:
What are stop orders?
Stop orders are used to buy and sell after a stock has reached a certain price level. A buy stop order is placed above the current market price, and a sell stop order is placed below the current price (to protect a profit or limit a potential loss).
For listed securities, a stop order to buy becomes a market order when a trade occurs at or above the stop price. A stop order to sell becomes a market order when a trade in the security occurs at or below the stop price.
For over the counter (OTC) securities, a stop limit order to buy becomes a limit order, and a stop loss order to buy becomes a market order, when the stock is offered (National Best Offer quotation) at or higher than the specified stop price. A stop limit order to sell becomes a limit order, and a stop loss order to sell becomes a market order, when the stock is bid (National Best Bid quotation) at or lower than the specified stop price. Note, however, that some market makers may apply the guidelines for listed security stop orders to OTC securities. Further information regarding specific transactions is available upon written request.
Stop orders are not always accepted. The specialists on the various exchanges and market makers have the right to refuse stop orders under certain market conditions. Not all securities are eligible for stop orders.
On open limit orders to buy and open stop limit orders to sell listed stocks, the limit price is automatically reduced on the "ex-dividend" date by approximately the amount of the upcoming dividend, unless you specify the do not reduce condition when you place the order.
The volume on this thing is awful on a $17 stock
but the question now is how do I know it's an OTC stock? does the NASDAQGM telll me?
Have no idea. FHTX isn't OTC according to WSJ. It is Nasdaq
jesus, I see yesterday overall I'm up about 2% in my fidelity for the day.
now I'm back down 2%. These swings are crazy.
AAPL, NVDA and AMD, all huge gainers yesterday, now gone.
now I'm back down 2%. These swings are crazy.
AAPL, NVDA and AMD, all huge gainers yesterday, now gone.
If you want a ROKU lotto time, it may be now. Higher high, higher low.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,972
How long do you want to ignore this user?
McInnis 03 said:Bob Knights Liver said:
Those 995/1000/1005 TSLA flies should be looking decent at the open. I will look to go net free out of fears that it runs right by them.
Yup. I'm wondering if I can get my .50 sells
Did you get any of these sold before we got Eloned? I did not.
hell no.Bob Knights Liver said:McInnis 03 said:Bob Knights Liver said:
Those 995/1000/1005 TSLA flies should be looking decent at the open. I will look to go net free out of fears that it runs right by them.
Yup. I'm wondering if I can get my .50 sells
Did you get any of these sold before we got Eloned? I did not.
Same. Pissed me off
you may all go to hell and i will go to Texas
Trying to get filled on IMMR Jan $5 puts. I think it gets to $4.50 with $3.25 being the max downside it could possibly see.
Bull Steepening Led by the Short End...Reverse of What Fed Said...Why
Given the Hawkish move by the Fed yesterday, and the even more Hawkish presser, one has to scratch one's head why 3 and 5 year notes are lower in yield by 6-7 basis and the 5/30 is 7 wider today.... First we said do not go with the first move after the presser yesterday... Bonds flattened at first while the 5 year went to 1.29 and the 2 year went to .71... Now both are about 10 lower in yield of 1.18 and .627 respectively... So why the rally? Is the Fed to be believed? Is it the ECB saying no rate rises in 2022?... The answer
Most everyone penciled in some type of accelerated tapering yesterday along with an increase in dot plots... They got it right... What they did not get right as there were too many traders in the same position.. Short the short end and looking for flatteners... They got flushed out this morning... It is all about flows... The trade will work, but just not today... Both the Fed and the BOE are in a rate rising pattern where inflation is more important than Covid in their view... While Covid is clearly accelerating now, economies are still open and will stay open... But there is doubt in how Hawkish the Fed will be... The WSJ wanted the Fed to raise rates yesterday.. That was never going to happen... And some say Central Bankers retired the word transitory but they still believe in it... Maybe so... But inflation is real and the Fed will tighten next year...
As for the ECB... If they do not want to believe the data, that is their prerogative... Rates will be raised there next year... But as Powell alluded to very clearly in the presser yesterday when asked about US rates, he said that it is low global rates that are keeping US rates low... Lets see how strong that connection is when the Fed Funds is at .75 to 1% next year...
Given the Hawkish move by the Fed yesterday, and the even more Hawkish presser, one has to scratch one's head why 3 and 5 year notes are lower in yield by 6-7 basis and the 5/30 is 7 wider today.... First we said do not go with the first move after the presser yesterday... Bonds flattened at first while the 5 year went to 1.29 and the 2 year went to .71... Now both are about 10 lower in yield of 1.18 and .627 respectively... So why the rally? Is the Fed to be believed? Is it the ECB saying no rate rises in 2022?... The answer
Most everyone penciled in some type of accelerated tapering yesterday along with an increase in dot plots... They got it right... What they did not get right as there were too many traders in the same position.. Short the short end and looking for flatteners... They got flushed out this morning... It is all about flows... The trade will work, but just not today... Both the Fed and the BOE are in a rate rising pattern where inflation is more important than Covid in their view... While Covid is clearly accelerating now, economies are still open and will stay open... But there is doubt in how Hawkish the Fed will be... The WSJ wanted the Fed to raise rates yesterday.. That was never going to happen... And some say Central Bankers retired the word transitory but they still believe in it... Maybe so... But inflation is real and the Fed will tighten next year...
As for the ECB... If they do not want to believe the data, that is their prerogative... Rates will be raised there next year... But as Powell alluded to very clearly in the presser yesterday when asked about US rates, he said that it is low global rates that are keeping US rates low... Lets see how strong that connection is when the Fed Funds is at .75 to 1% next year...
got some help from Fidelity. for you Fidelity users (if any) you have to bring up a quote and then choose "more information", it will say NASDAQ-NMS as the exchange ....which apparently is OTC.Irish 2.0 said:
Have no idea. FHTX isn't OTC according to WSJ. It is Nasdaq
WATT is going to take out it's $1.07 gap.
Seriously.. EVERY ****ING GAP IS GETTING FILLED.
Glad I dumped that POS back in the $3's.
Seriously.. EVERY ****ING GAP IS GETTING FILLED.
Glad I dumped that POS back in the $3's.
or not.McInnis 03 said:
If you want a ROKU lotto time, it may be now. Higher high, higher low.
Sold MARA weekly $36P at $1.25. Call me out. I don't care
Ripster is Bobby Taylor, Bobby Taylor is Ripster?!?
$PFE
— Ripster (@ripster47) December 16, 2021
60 delivered as promised pic.twitter.com/GGJIak0Owd
Okay, I know I said I was done for the day but sold some WWR $5Ps for February @2.55.
Just a hunch, but looks like a rotation out of high P/E stocks and stocks without revenue is continuing. With 3-4 rate hikes next year, these stocks will take a hit.
Look at what's green today and look at what's red. Follow the flow.
Look at what's green today and look at what's red. Follow the flow.
Well I just flipped 1 test contract for 33% gain in 10 min...so worked for meMcInnis 03 said:or not.McInnis 03 said:
If you want a ROKU lotto time, it may be now. Higher high, higher low.
Replace the guarantee fairy with Santa in this rant.
PSA: I'm wrong oftenSpoony Love said:
SPY trying to fight at yesterday's close and has given up overnight gains. I think bulls win PSA: I'm wrong often
Delete this tweetAgs2013 said:Small cap bottom is likely in. Tax loss selling is likely over.
— Will Meade (@realwillmeade) December 15, 2021
From now to February 1 is historically the best time to trade small caps and buy this years worst performing stocks. pic.twitter.com/1DTJzJjwTO
Promote this guymazag08 said:
Y'all be careful with all these gap ups.
While it does feel like the small cap bottom might be in, there's some downside targets on individual stocks and on RUT that didn't quite fill. Watch for a healthy impulsive structure going back up. A straight spike is usually corrective and gets sold back.
All I'm saying is let the market or the stock prove that it's in a healthy incline and not a corrective spike before you get aggressively bullish.
We're going to need you to stay off the politics board then.
There goes my gains from yesterday
you may all go to hell and i will go to Texas
SPY may bounce off the 5d ma right here.
#1 class - the future is bright for @AggieFootball. Won’t forget the very moment the switch flipped. @AggieDjMike & Power pic.twitter.com/0kJ6KQiOQK
— Marc Faulkenbery (@faulkenbery) December 16, 2021
We need a rally Achane.
mazag08 said:
Seriously.. EVERY ****ING GAP IS GETTING FILLED.
