1-2 trades per day with an account of $5,000 isn't possible?
Can only do 3 day trades for every 5 business days
Can only do 3 day trades for every 5 business days
turn, Off, Margin! Cash only account is the wayGolf1 said:
1-2 trades per day with an account of $5,000 isn't possible?
Can only do 3 day trades for every 5 business days
Golf1 said:
1-2 trades per day with an account of $5,000 isn't possible?
Can only do 3 day trades for every 5 business days
$30,000 Millionaire said:There's a big difference between me and them: I'm not a dumbass that won't use stop losses. Being wrong is part of tradingPremium said:$30,000 Millionaire said:
I want to see how ROKU opens tomorrow, but that's a big gap. I'm going to look for bottoming and then buy some.
They're not going out of business.
Probably similar logic people were using to buy back in February / March.
You look for bottoming (probably at least a couple of days), then you buy above that with a stop just below the bottom. If you're wrong, you're wrong and you move on. But if you're right…ooh boy.
I can trade any stock profitably, long or short. Pick one and I'll show you.
Bad data, institutional ownership is actually 69.11%BaylorSpineGuy said:
Question for the board. Was looking at this stock tonight after reading IBD. ARIS is ticker. Yahoo says institutional ownership is 109% (held by institutions). Can someone please explain how this is possible? Does it have to do with the shares sold short or something? Would appreciate any insight!
Quote:
#1 lesson in trading: unrealized loss and realized loss are the same thing
Carlo4 said:
I have a very hard thing to do tomorrow. I must log in to my dads brokerage accounts and sell some shares.
He's in day 14 in the ICU and will spend the next 2-3 months in long term care recovering from pneumonia. Retirement accounts are safe and with a broker, but his brokerage/fun account is 90% tech and is now down 25% from January (instead of 35-40%). We were in the process of diversification/working together when he got sick, so wanted to help him while he was in the dark for the next 3 months.
Several of his minor tech stock positions are down 70-90%, so going to jettison those. Half his money is long term gains in Apple, so I'll sell a small position offset by losses sold to help get some cash to start the process.
I feel like I'm doing something wrong, but my mom is good with it. Just sucks. I want to do him right….
ProgN said:
If you really want our advice then you'll need to list the symbols of what he's holding. You don't have to list the sizes or amounts, but need to know what we're looking at.
Iirc, doctors aren't permitted to diagnose you without observing you.
Carlo4 said:
Last 3 years have not been a time period to spend capex to expand structurally in fossil fuels due to covid and no one driving. Suddenly Green Energy finding out they can't survive without fossil fuels; therefore, demand for fossil fuels continues to increase on all fronts. This time, different than in past, energy companies aren't going out of their way to over produce and kill their market - this Administration has decided to kill their industry for them and further tightened the grip on capex spending. Structurally, supply will be just enough to keep up with demand and the green energy need. Don't look for fossil fuels to go capex spend until a friendly President is elected. XOM is spending a lot in Guyana and producing a lot, but they are capex spending in a country that appreciates their presence.tailgatetimer10 said:
It may be a good near term trade but if you look at their books they are no longer investing in growth. The record profits are coming at the expense of investment into production
$30,000 Millionaire said:
There is a trading psychology issue where people view themselves as being down but not having lost money until they book the loss. There is hope placed in the idea of an eventual recovery and they'll ride it down into oblivion.
You guys have heard it "I refuse to take a loss".
I refuse to lose money in aggregate. Taking losses is part of that.