Search results

Level 2 options is pretty easy to get. Level 3 and 4 I think are slightly harder. I used to trade futures with TD Ameritrade and the process for that approval was a pain. Not really a pain but had to fill out an application showing income and net worth. I currently only have level 2 on both of...

Well I bought GME calls today...lol. I usually avoid this type of play but I had a really good week and was up quite a bit and willing to lose most of what I paid for that call. I paid $670. Part of the reason I got in was because they had just alerted that most brokerages lifted all buying...

I didn't trade GME before or after the debacle. I may have traded it in the past but don't remember. If I did it was well before this whole thing. I have a rule that I do not chase. I will probably never have a home run type trade because I look for base hits. Swinging for the fences will get...

Stocks don't move 'randomly'. The majority of trading is done with charts, this includes the large firms. Algorithms are built to try to maximize these 'alerts'. Different firms use different algorithms depending on the system of whoever is running the firm. The system I use is based on truth...

RH was marketed to millennials that wanted to try their hand at trading while at work or school. I would never put my money with them and told my kids to get theirs out of there. My step-son just initiated his transfer over to Tasty Trade today. My daughter has a fairly decent size account in my...

Not necessarily disagreeing with you as a general rule but there are exceptions. Remember, 90% of day traders fail. What about the other 10%? Those results I showed aren't 'what-ifs', those are my actual results, including fees. That is my net profit or loss each day. For transparency I will...

So RH stopped buying but not selling. If you stop demand (which is what they did) and only have supply prices will drop. It drop to about $120 after hours the other night, allowing the hedge funds to cover their shorts at a lower price point. Definitely market manipulation in my opinion. And if...

Trading isn't easy and I will be as transparent as I can be. If it helps anyone then great. I'm on Twitter and try to help those on there too. This isn't a pride thing for me so if I have a losing day I'll be honest about it. Very few people can make money trading and I'm lucky enough to be...

Here are my daily results for January. Friday killed me. I lost my discipline...lol $283.42 -$366.96 -$531.29 $818.46 -$379.84 $340.61 $199.31 $150.54 -$794.78 -$380.88 -$169.67 $559.42 $497.96 $360.16 $575.54 $341.32 $566.16 -$5.14 -$737.57

Back when I was doing traditional technical analysis I was tracking my trades and had about a 75-80% winning % but my losers were usually bigger then my winners so my profit/loss (P/L) wasn't great. Now I'm probably closer to 70% but my winners are bigger then my losers since I ditched all...

I'm a very conservative trader. I typically only go in a trade for no more than about $700 and most trades probably under $500. I could have probably easily made $4000-5000 last month if I wasn't so conservative. I usually sell at around 25% profit but many run to 50-75% but I'm too chicken to...

Yes perspective changes things. If your plan is long term then no reason to sell them. But from my perspective as a day trader/short term options trader this strategy works well. In January I made about $1500 using this strategy and I was never in for more than about $5000 total on all trades at...

Just looked at some charts and got my watchlist together. Everything on it is bearish setups. Currently I'm holding AAPL march calls, DIS march calls, NIO march calls, NOK 2023 calls, SLV calls, and VXX calls. VXX is an inverse so when the market goes down VXX goes up. SLV looking very good...

I might start trading futures again but I'm doing good as I am right now trading options so not sure I want to throw another wrench into the works

Yes, I think futures are taxed under long term. I'm not an accountant and hate dealing with taxes...lol. I have a CPA that handles all of that, just remembering all the chatter from back when I was trading them

I don't believe so. I can't say based on experience since I wasn't profitable trading futures but from what I read they are taxed as regular income I believe

You are correct about the tax implications on short term trading. It is harsh. Futures trading has much lighter tax implications. I have traded futures before but never had much luck with it but I was using oscillators and schotastics back then.

I told my step-son months ago that he needed to switch to a real platform. He just opened a TastyTrade account but hasn't transferred his funds yet. I have never used RH

I would suggest looking up @robintheblack on twitter. He is the creator of The Strat. He doesn't give alerts but gives his take on the markets and individual stocks. He started on the floor at the CBOE (Chicago Board Options Exchange) in Chicago at 15 years old. His father was a Merill Lynch guy...

I'm being cautious here. I went through some charts today and alot of doji candles (indecision) on the monthly January chart and quite a few with a 2 down (January candle went lower than December lows). If the 3 major indices break January lows then we may see a correction.I have alerts set to...