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07-01-2021, 01:57 PM | #10426 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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07-01-2021, 02:57 PM | #10427 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
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Posts: 46,069
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07-01-2021, 03:43 PM | #10428 |
Supporter
Join Date: Aug 2005
Location: Hermosa, SD
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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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Posts: 44,355
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07-01-2021, 04:18 PM | #10429 | |
MVP
Join Date: Mar 2004
Location: Helena, MT
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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: 18,610
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07-01-2021, 04:37 PM | #10430 |
You're CARICATURES, ALL of you
Join Date: Sep 2006
Location: Kansas City, MO
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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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Posts: 10,922
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07-01-2021, 05:16 PM | #10431 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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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: 46,069
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07-01-2021, 05:33 PM | #10432 |
MVP
Join Date: Jan 2013
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Doubled my position in AMC today
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Posts: 10,754
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07-01-2021, 06:28 PM | #10433 |
MVP
Join Date: Jun 2004
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Posts: 6,901
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07-01-2021, 06:31 PM | #10434 | |
MVP
Join Date: Jun 2004
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Posts: 6,901
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07-01-2021, 06:39 PM | #10435 |
The Planet's Only Superhero
Join Date: Sep 2002
Location: MO
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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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07-01-2021, 07:26 PM | #10436 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
BTW congrats on making $50 |
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Posts: 40,779
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07-01-2021, 07:49 PM | #10437 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
Nice after-hours boost, though. |
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Posts: 142,672
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07-01-2021, 08:07 PM | #10438 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
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Posts: 46,069
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07-02-2021, 09:29 AM | #10439 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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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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Posts: 52,112
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07-02-2021, 09:30 AM | #10440 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 52,112
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