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#10426 |
MVP
Join Date: Mar 2019
Location: KC
Casino cash: $4220400
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Posts: 7,284
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#10427 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1341900
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Quote:
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Posts: 45,750
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#10428 |
Supporter
Join Date: Aug 2005
Location: Hermosa, SD
Casino cash: $10176551
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I have my IRA in Fidelity and it’s fine for that. For my watchlist I have $100 that I rarely trade sitting in a TOS TD acct that I just basically use them for their app and use that as a watchlist.
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“When war breaks out people say: 'It won't last, it's too stupid.' And war is certainly too stupid, but that doesn't prevent It from lasting.” ~Albert Camus, The Plague. |
Posts: 44,355
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#10429 | |
MVP
Join Date: Mar 2004
Location: Helena, MT
Casino cash: $3258849
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Quote:
My biggest risk is margin call, so I leave a healthy buying power buffer to absorb positions turning against me. I also ensure that I can take on any one position I enter with straight cash and vary expirations (to mitigate assignment risk). However, I will end up leveraged up to 4-5x underlying value by running multiple positions. I accept that a catastrophic event like a -20-30% market-wide week might break me; however, if volatility is up, you can roll a lot further down to reduce margin requirements - plus my hope is that in that situation I can liquidate my vixy position to buy me enough breathing room to avoid forced liquidation and ruin. The biggest trouble I have gotten into is when not sufficiently diversifying the sectors I am selling in. Admittedly, I haven't really experienced full leverage and full blown crisis yet, and this market has proven resilient, so rolling down and out has been effective in preventing losses. I have taken shares a handful of times - and generally sell calls at or above my price taken until they go away. I haven't lost money yet in any given position - but have incurred opportunity cost losses, if you will, from extending positions by rolling down and out. |
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Posts: 18,571
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#10430 |
You're CARICATURES, ALL of you
Join Date: Sep 2006
Location: Kansas City, MO
Casino cash: $1410960
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Got my Roth with Fidelity as well. Added an individual account to invest into some growth mutual funds and now I'm adding / building a portfolio. What's funny is that the watch lists in the mobile app almost give me everything I want as far as info on the stocks.
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“There is no absolute knowledge. And those who claim it, whether they are scientists or dogmatists, open the door to tragedy.” - Jacob Bronowski, The Ascent of Man |
Posts: 9,634
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#10431 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1341900
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Quote:
One question I get from people on varying trading strategies is if you are doing it full-time or working? Many of my strategies are designed to be useful from a time management perspective while also valuing risk management since I cannot watch the market all day in real-time. Many new traders are learning/reading about strategies that maybe can't be accomplished by someone with a full-time job. Thank you for sharing. |
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Posts: 45,750
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#10432 |
MVP
Join Date: Jan 2013
Casino cash: $1155541
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Doubled my position in AMC today
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Posts: 10,633
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#10433 |
MVP
Join Date: Jun 2004
Casino cash: $1145140
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Posts: 6,672
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#10434 | |
MVP
Join Date: Jun 2004
Casino cash: $1145140
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Posts: 6,672
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#10435 |
The Planet's Only Superhero
Join Date: Sep 2002
Location: MO
Casino cash: $8596472
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Any smart people want to educate me/us on reverse splits?
I bought 166 shares of STAF @ 0.57 on a whim yesterday. When I checked today, I had a message saying they performed a 1 for 6 reverse split. Now I had 27 shares at 3.44. I just looked and it's up 52% after hours and is sitting at $5.64. What a windfall, eh? Is this typical of reverse splits? Seems odd to me, but I'll admit to being a major noob. |
Posts: 2,833
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#10436 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1160477
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BTW congrats on making $50 |
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Posts: 40,488
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#10437 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2758491
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Quote:
Nice after-hours boost, though.
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I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit. |
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Posts: 141,873
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#10438 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1341900
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Quote:
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Posts: 45,750
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#10439 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $2211110
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Quote:
Normal splits of 3:1 or 5:4 or 2:1 indicate a growing strong company. Reverse splits are the OPPOSITE of forward splits and also the opposite in terms of success.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 51,042
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#10440 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $2211110
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Up to 2 shares! I'm impressed
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
Posts: 51,042
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