1. Styleforum Gives - Holiday Charity Auction 9: A MTM nylon MA-1 bomber from Falcon Garments

    We are very proud to present this year's edition of the Styleforum Holiday Charity Auctions, this year in support of the Ronald McDonald House Charities of Spokane (www.rmhcspokane.org). Each Auction lasts 24 hours. Please follow and bid on all the auctions.

    The 6th auction of the year is for a nylon MA-1 from Falcon garments. Please bid often and generously here

    Fok and the Styleforum Team.

    Dismiss Notice
Dismiss Notice

STYLE. COMMUNITY. GREAT CLOTHING.

Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

Click Here to join Styleforum's thousands of style enthusiasts today!

Talking stocks, trading, and investing in general

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

  1. GreenFrog

    GreenFrog Stylish Dinosaur

    Messages:
    14,237
    Likes Received:
    3,080
    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 Stylish Dinosaur

    Messages:
    14,237
    Likes Received:
    3,080
    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 Distinguished Member

    Messages:
    9,560
    Likes Received:
    1,432
    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 Stylish Dinosaur

    Messages:
    15,234
    Likes Received:
    4,816
    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 Stylish Dinosaur

    Messages:
    14,237
    Likes Received:
    3,080
    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 Distinguished Member

    Messages:
    9,560
    Likes Received:
    1,432
    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 Stylish Dinosaur

    Messages:
    12,703
    Likes Received:
    1,756
    Joined:
    Jan 3, 2008
    Location:
    Princeton, NJ


  8. GreenFrog

    GreenFrog Stylish Dinosaur

    Messages:
    14,237
    Likes Received:
    3,080
    Joined:
    Oct 20, 2008
    You guys hear about Robinhood?

    $0 commission trades.
     


  9. SkinnyGoomba

    SkinnyGoomba Stylish Dinosaur

    Messages:
    12,703
    Likes Received:
    1,756
    Joined:
    Jan 3, 2008
    Location:
    Princeton, NJ
    Looking like a decent day so far...
     


  10. jbarwick

    jbarwick Distinguished Member

    Messages:
    3,302
    Likes Received:
    1,044
    Joined:
    Nov 28, 2012
    Afternoon is looking shaky.
     


  11. stevent

    stevent Distinguished Member

    Messages:
    9,560
    Likes Received:
    1,432
    Joined:
    Feb 16, 2010


  12. idfnl

    idfnl Stylish Dinosaur

    Messages:
    17,571
    Likes Received:
    1,155
    Joined:
    Dec 6, 2008
    Location:
    Mouthbreathistan
    Anyone know why biotech is taking a dump today?
     


  13. SkinnyGoomba

    SkinnyGoomba Stylish Dinosaur

    Messages:
    12,703
    Likes Received:
    1,756
    Joined:
    Jan 3, 2008
    Location:
    Princeton, NJ


  14. GreenFrog

    GreenFrog Stylish Dinosaur

    Messages:
    14,237
    Likes Received:
    3,080
    Joined:
    Oct 20, 2008
    Nice timing, Russia.

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


  15. idfnl

    idfnl Stylish Dinosaur

    Messages:
    17,571
    Likes Received:
    1,155
    Joined:
    Dec 6, 2008
    Location:
    Mouthbreathistan
    Fuck Russia and the Ukraine.
     


Share This Page

Styleforum is proudly sponsored by