Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Shonuff
Mr. Poopybutthole
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I'm not on HTB, thanks. I didn't know it existed. And yeah, wondering how the fees are.
Shonuff
Mr. Poopybutthole
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Follow up question for my day traders & swing traders.
Do you use any discords or other trading communities? These are worthless to a long term investor but I'm starting to wonder if they can be effective for day trades (or swings.)
My buddy who got me into investing runs one but I am cheap and wont shell out the sub.
Do you use any discords or other trading communities? These are worthless to a long term investor but I'm starting to wonder if they can be effective for day trades (or swings.)
My buddy who got me into investing runs one but I am cheap and wont shell out the sub.
Big Phoenix
Pronouns: zie/zhem/zer
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You are a smarter person than that discord already.
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Jysin
Ahn'Qiraj Raider
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As great of a platform that TDA is, it really isnt great for day trades. First off, they are selling for order flow (thats your commission "free" trades). On top of this, it is well known to lag a bit on market open. As well as Fidelity and others.
Lightspeed is a professional platform, but youre going to pay in commissions and ECN fees. However, you can choose routing directly to the exchanges. Zero middle men and the executions are lightning fast.. hence the name. When I press a hotkey, my finger doesn't even start to lift off the key and the entire order has executed.
All of that said, unless you are already profitable with some strategy / trading edge.. you're going to get eaten alive in fees. Perhaps use something like ToS or even ToS paper trades. Get consistent before you start shelling out for top tier platforms like eSignal and Lightspeed.
My setup:
Brokers:
Fidelity Active Trader Pro: 401k
TDA Think or Swim: Swing Trades + Roth IRA (diff accts)
Lightspeed: Day Trades exclusively
Charting: eSignal
Liquidity (Level2): Bookmap
Trade Logs: Tradervue
News: Trade the News (66% off through Lightspeed), Benzinga Squawk (free ToS feed)
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Jysin
Ahn'Qiraj Raider
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Christ no. Those are basically pump and dump clubs. The leaders of those hacks are positioned before they call something out, then sell on the call out bump. Typically trading low float / penny stocks that move with little volume. They are the modern day email / phone text clubs of yesteryear.
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Sanrith Descartes
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Am I just an idiot or am I missing something with ThinkorSwim? I can make it show the S&P heat map, but cant get it to go inot settings (it says right click, but it aint working) and the heatmap isnt updating in real-time. It just keeps showing the same prices, like its just a capture of a heatmap at the moment I click on it.
karma
Molten Core Raider
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I've dabbled in a few of them since I first started trading (mostly out of curiosity). I do not currently pay for any though. My take on it was finding a group that trades the same way you do is pretty hard, and (as I think someone else pointed out here) trading someone elses style can be... messy.
One I got in had a HUGE risk tolerance (penny market) and would just buy in where something was whenever he decided it was gonna run. He was often right, just not always at the right time. I managed to make some money off him by just watching and buying in where I *felt* the support levels were, his discord eventually imploded.
I found another playing an interesting take on the wave concept with pennies and a scale in/scale out system. Worked REALLY well for a little while. Then it didnt.
*note* I emphasized "felt", cause I was (and probably still am, too stupid to understand all this stuff)
One I got in had a HUGE risk tolerance (penny market) and would just buy in where something was whenever he decided it was gonna run. He was often right, just not always at the right time. I managed to make some money off him by just watching and buying in where I *felt* the support levels were, his discord eventually imploded.
I found another playing an interesting take on the wave concept with pennies and a scale in/scale out system. Worked REALLY well for a little while. Then it didnt.
*note* I emphasized "felt", cause I was (and probably still am, too stupid to understand all this stuff)
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Gravel
Mr. Poopybutthole
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If it's a Roth, just buy whenever.
30 years from now it's not going to matter if you bought at x or x plus/minus 10%.
Even now that I'm retired, these moves don't mean much. I'm not liquidating my entire portfolio. If I have to withdraw like 3 years in a row when it's down, sure, that starts to hurt, but overall taking out 3-4% when the market is down a bit is completely insignificant. Min/maxing your portfolio will drive you to an early grave from the stress.
Big Phoenix
Pronouns: zie/zhem/zer
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As Jysin said at worst theyre all pump and dumps and youre being setup to hold someone's bag or at best youre just paying some guy money to get the same exact info you could get here or any other open forum that discusses stocks.
All pump and dumps eventually implode.
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Word, thank you. The free one I was a part of felt this way. In addition the leader liked to brag about "how easy the market is" which is fucking dangerous for more reason than one.
Hateyou
Not Great, Not Terrible
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Ok how about a different question. How do I start, advertise, and run one of these channels?
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Jysin
Ahn'Qiraj Raider
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Just start up a discord design some image of a bear in red and bull in green.
Off to a start already!!
Big Phoenix
Pronouns: zie/zhem/zer
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Dont forget to spam stockwits and badly moderated reddit subs.
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karma
Molten Core Raider
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1. go on stocktwits, post huge gains, brag about how you knew exactly what was gonna happen, then spam your discord channel!
2. ???
3. Profit
Some of those people are making a killing fleecing people too. 40-50 bucks a month is the norm from what I have seen.
2. ???
3. Profit
Some of those people are making a killing fleecing people too. 40-50 bucks a month is the norm from what I have seen.
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Jysin
Ahn'Qiraj Raider
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Not trying to call some BS forum drama... but .. maybe I am.
ToS has restricted TSLA short trades without utilizing their HTB program for as far back as I can remember (well back into 2021). Today you claim you can't short TSLA and didn't even know the HTB program existed.
Shonuff
Are you masquerading as a profitable trader with a paper trade account?- 1
