Investing General Discussion
- Thread starter Furious
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Arden
Blackwing Lair Raider
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Thats what Margin is for..
Speaking of Margin (for everyone else, since I've been a heavy user of it) , one thing I will probably continue to use it as a way to avoid the insane delays waiting for cash to settle. I sold some JBLU last week and I'm STILL waiting for the cash to settle so I can move it to another account. Margin can let you skip bullshit like that at the low cost of a little interest). My account also has restrictions on it because i've sold some stock and used the unsettled cash to buy other stocks. Margin would let me get around that restriction and keep me liquid.
Hateyou
Not Great, Not Terrible
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I think heavily using Margin during an obvious market bubble is a sure way to lose your ass, seems like it’s just a matter of when and not if. I’m a financial pussy though so
Sanrith Descartes
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I have some puts I wrote ahead of earnings at the 22 strike already. My issue is I want to buy more of the stock to add to my position so I will probably look for at the money puts to add a couple hundred more shares.
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Fogel
Mr. Poopybutthole
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Tmac
Adventurer
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Wow... Fuck Robinhood. I tried to free up some dollars to buy PLTR by selling KMB and DNN, but Robinhood doesn't sell your shit, they just queue it. They even tell you it might not get sold... WTF?
Also not being able to trade after-hours is gay af.
The only reason I haven't moved off the platform at this point is bc all the other broker's sites were bogged down. Fidelity still fucked or can I switch?
Also not being able to trade after-hours is gay af.
The only reason I haven't moved off the platform at this point is bc all the other broker's sites were bogged down. Fidelity still fucked or can I switch?
Fogel
Mr. Poopybutthole
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Fidelity was never fucked, at least on the level of the other brokers as I'm aware. I had no issues all week or the week before during the meme stonks
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I think heavily using Margin during an obvious market bubble is a sure way to lose your ass, seems like it’s just a matter of when and not if. I’m a financial pussy though so
It is!!!! I don't recommend anyone become a "heavy user" like me, just giving my experience with it as a heavy user. But using it as a way to get around waiting for cash to settle I think is a very good way to use it. -just a tip-
I know i'm playing with fire with my "heavy use" but I'm now in paying it off mode. I got lucky and used it to make a lot of gainz last year and in January (thanks AMC), but I also know the house always wins if you don't get up from the table.
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Blazin
Creative Title
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The clearance issue is easily resolved having a margin account and just not using the margin. if you are flagged as a pattern day trader you dont need to wait for any clearing and you still never pay a cent in margin interest. IRAs can have limited margin and again trade in and out without waiting the 3 days and pay no margin interest. I have never paid a penny of margin and never will.
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Sanrith Descartes
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PLTR - Here is the chart. The earnings drop bounced off the 50 DMA at $28.68. The 20 DMA is 32.82 and the line of resistance above is $32.58. It should retest that 50 DMA and if it doesnt hold at $28 then I can see a move down to the $25 range. That big gap up in January breaking above 30 is still skewing shit.
Blazin
Creative Title
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Blazin is there a way to predict the option bid/ask open on a stock's pre-market price? For example, what the $30 strike might look like at the open with it down 8-10%?
View attachment 335437
Sorry late seeing this, yes I can normally guessestimate it based on the IV. Right after earnings it's harder to do because the IV will drop after the event is over
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Tmac
Adventurer
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I tried to sign up and got errors. I know people were on hold for hours trying to sign up.
Sanrith Descartes
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You and I are on opposite sides of the risk tolerance spectrum though.
I use debt strategically in other parts of my life too. I get there are people who shun any kind of debt. But I see the right kind of debt as a wealth builder.
*disclaimer, I still do not recommend heavy margin use to anyone!*
What is the downside to being flagged as a day trader? I was trying to avoid it by default.
Jysin
Ahn'Qiraj Raider
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I was looking for this as a short day trade, but this stock is pretty choppy to trade. I avoided.
My EBON swing, however. Huge today. Up 35% since Friday. ($6.05 cost basis)
Sanrith Descartes
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I agree with your view. I had already written some $22 strike March puts, I decided to take advantage of the dip and wrote some more instead.
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$SENS getting sweaty without catalyst of FDA approval, might have to average up. same for uranium tendies
Zog
Blackwing Lair Raider
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If only it was real money.
News broke at 6am and the hype started early in the premarkets.
Yahoo finance article
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