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07-01-2021, 08:11 AM | #10411 |
Starter
Join Date: Nov 2004
Location: asdf
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Fidelity is also revamping their apps and have solicited a bunch of feed back from WSB and reddit users after the influx of people moving from Robinhood.
https://www.reddit.com/r/fidelityinv...ease_timeline/ |
Posts: 509
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07-01-2021, 08:25 AM | #10412 | |
You're CARICATURES, ALL of you
Join Date: Sep 2006
Location: Kansas City, MO
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Quote:
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Posts: 10,922
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07-01-2021, 09:12 AM | #10413 |
MVP
Join Date: Jun 2004
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Did it squeeze yet?
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Posts: 6,901
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07-01-2021, 09:44 AM | #10414 |
MVP
Join Date: Mar 2004
Location: Helena, MT
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I wish my TD would merge in with Schwab already. I rely so heavily on think or swim, but would love access to some of the international indices.
Doesn't look like they anticipate integrating until mid 2023 tho. Today marks one year of executing my options selling strategy. I have generated a cash return on my brokerage balance of 132%. I continue to refine the strategy, and while activity has slowed down a bit in the past couple months with volatility shriveling, but I suspect that the strategy will be a sustainable source of cash flow for a really long time. I am also curious to see how well I can scale the strategy. |
Posts: 18,610
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07-01-2021, 09:52 AM | #10415 | |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,778
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07-01-2021, 09:58 AM | #10416 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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07-01-2021, 09:58 AM | #10417 | |
Starter
Join Date: Nov 2004
Location: asdf
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Quote:
Their phone app definitely needs some work. Lack of real time data ( or close) without pull to refresh is a problem for me. I still use Robinhood's app for this purpose alone as I have no stock with them. Options related activities is overly complicated. Setting price alerts. Choosing which market to route trades through is another feature I'm looking for. |
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Posts: 509
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07-01-2021, 10:08 AM | #10418 |
MVP
Join Date: Mar 2004
Location: Helena, MT
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The basis of the strategy is selling naked, out of the money puts on margin.
There were definitely mistakes made in this process and room for refinement. For example, there have been some periods of inactivity due to my inability to find adequate return versus risk. Also included as a loss, I was selling in the money vixy puts as a hedge and did not include the remaining balance of vixy I am holding in the return. I do not feel vixy tracks with volatility in a timely or sufficient manner to be an effective hedge. There were certainly periods where I was testing my risk tolerance, but due diligence and the ability to roll effectively has built up my confidence that the strategy is not going to bankrupt me lol |
Posts: 18,610
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07-01-2021, 10:13 AM | #10419 |
Supporter
Join Date: Aug 2005
Location: Hermosa, SD
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Posts: 44,355
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07-01-2021, 10:51 AM | #10420 |
You're CARICATURES, ALL of you
Join Date: Sep 2006
Location: Kansas City, MO
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Posts: 10,922
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07-01-2021, 11:17 AM | #10421 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Where are the BNGO bag holders?!?!?!
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Posts: 46,069
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07-01-2021, 11:27 AM | #10422 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,778
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07-01-2021, 11:32 AM | #10423 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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Posts: 35,092
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07-01-2021, 12:11 PM | #10424 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,069
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07-01-2021, 12:19 PM | #10425 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Posts: 11,432
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