Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. GreenFrog

    GreenFrog Senior member

    Messages:
    14,236
    Likes Received:
    3,079
    Joined:
    Oct 20, 2008
    Lol, the Analyst who raised his TSLA price target to $320 and published the bullish note on the gigafactory is one of the Analysts I was looking up back when I was still interested in equity research for the autos sector.

    Adam Jonas. Quite frankly, there aren't many Analysts covering the autos sector and he's one of the bigger names out there.

    I would watch his TV / news appearances to gauge his personality and whatnot. But damn, is it really cool to be able to move the market like that. That's why I was initially drawn to ER. The thought of working under an II-ranked Analyst sounded really appealing.
     
  2. GreenFrog

    GreenFrog Senior member

    Messages:
    14,236
    Likes Received:
    3,079
    Joined:
    Oct 20, 2008
    Just made several hundred dollars with a 2-minute day trade, lol.

    I wish I had an active / day trader platform.

    It's stressful setting up your sell order as soon as your buy order gets filled. Those precious seconds can count for a lot!

    A click-based system and multiple screens would be nice.

    [​IMG]

    Edit: And of course, it's at $3.49 now. Coulda made over a grand if I held longer. I hate how I can't just be satisfied with what I made. Now it feels like the money I made was all for naught, which is ridiculous..
     
    Last edited: Feb 27, 2014
  3. stevent

    stevent Senior member

    Messages:
    9,555
    Likes Received:
    1,431
    Joined:
    Feb 16, 2010
    

    Why not just write options? A lot easier than committing $13k for a few hundred? edit: just realized 2 minutes not 2 day haha

    Also MYL :slayer::slayer::slayer:
     
    Last edited: Feb 27, 2014
  4. otc

    otc Senior member

    Messages:
    14,303
    Likes Received:
    4,002
    Joined:
    Aug 15, 2008
    

    Customer Service's response was "too bad, that's how it is". Everything will show up right for taxation (since they will report the value of the VZ shares as a dividend on the 1099), but the values won't change on the trading platform.

    It makes sense that they write the VZ shares cost basis at fair market value--otherwise if I sold them on day one, I would owe cap gains on everything (assuming taxable account)...but it still seems weird that their platform would report a net loss in the two securities combined when they actually show a significant gain. How can I make use of Gain/Loss reporting that doesn't actually report Gains/Losses? By their math I lost a thousand bucks on monday...when really I just got a thousand bucks worth of VZ.

    If this had happened in a taxable account, i would probably have to sell VOD to harvest "losses" (since the cost basis is now marked artificially high) in order to avoid a tax bill on the VZ share dividend.
     
    Last edited: Feb 27, 2014
  5. GreenFrog

    GreenFrog Senior member

    Messages:
    14,236
    Likes Received:
    3,079
    Joined:
    Oct 20, 2008
    

    While I understand the basic premise of options, I don't understand how I could have achieved the same gains with options in this case with a 10-minute trade window.
     
  6. stevent

    stevent Senior member

    Messages:
    9,555
    Likes Received:
    1,431
    Joined:
    Feb 16, 2010
    

    Yeah my comment didn't make sense. Usually just use options on all positions to make an extra few hundred each month, write highly unlikely scenarios so don't get much money but don't risk stock neither
     
  7. SkinnyGoomba

    SkinnyGoomba Senior member

    Messages:
    12,594
    Likes Received:
    1,655
    Joined:
    Jan 3, 2008
    Location:
    Princeton, NJ
  8. GreenFrog

    GreenFrog Senior member

    Messages:
    14,236
    Likes Received:
    3,079
    Joined:
    Oct 20, 2008
    You guys hear about Robinhood?

    $0 commission trades.
     
  9. SkinnyGoomba

    SkinnyGoomba Senior member

    Messages:
    12,594
    Likes Received:
    1,655
    Joined:
    Jan 3, 2008
    Location:
    Princeton, NJ
    Looking like a decent day so far...
     
  10. jbarwick

    jbarwick Senior member

    Messages:
    3,025
    Likes Received:
    889
    Joined:
    Nov 28, 2012
    Afternoon is looking shaky.
     
  11. stevent

    stevent Senior member

    Messages:
    9,555
    Likes Received:
    1,431
    Joined:
    Feb 16, 2010
  12. idfnl

    idfnl Senior member

    Messages:
    14,383
    Likes Received:
    828
    Joined:
    Dec 6, 2008
    Location:
    VA
    Anyone know why biotech is taking a dump today?
     
  13. SkinnyGoomba

    SkinnyGoomba Senior member

    Messages:
    12,594
    Likes Received:
    1,655
    Joined:
    Jan 3, 2008
    Location:
    Princeton, NJ
  14. GreenFrog

    GreenFrog Senior member

    Messages:
    14,236
    Likes Received:
    3,079
    Joined:
    Oct 20, 2008
    Nice timing, Russia.

    Looking forward to seeing red across the board tomorrow. Hopefully I'm wrong.
     
  15. idfnl

    idfnl Senior member

    Messages:
    14,383
    Likes Received:
    828
    Joined:
    Dec 6, 2008
    Location:
    VA
    Fuck Russia and the Ukraine.
     

Share This Page

Styleforum is proudly sponsored by