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  1. O

    [NA]Gamestock[NA]

    I do believe there is a large faction that do trade for the rush but I don't think those people last long. When you trade with emotion you are going to make bad decisions. If I feel anxiety or nerves when I enter a trade then I know I went in too big. I trade small sizes, typically no more than...
  2. O

    Official Investment Thread

    I have a service that I signed up for this summer called optionalarm. I trade 2 accounts and it is too hard working my regular job and managing 2 accounts so figured I'd pay them to find my trades. They have a good track record but seem to get in way too early and they have a 50% stop and 50-60%...
  3. O

    [NA]Gamestock[NA]

    Common stocks require 2 days for funds to settle. I have traded with Schwab, e-Trade and TD Ameritrade. Way back when I started it was 3 day settlement but they changed it maybe 5 years ago to 2 days. I can't remember if it is a FINRA rule or broker rule but 99% sure it is a FINRA rule so...
  4. O

    [NA]Gamestock[NA]

    Listen, I don't want to give the impression that trading is easy. It is the hardest thing I have ever done but the longer I do it the easier it gets. I have taken my lumps over the years. But it can be done if you are dedicated and committed to it
  5. O

    [NA]Gamestock[NA]

    So here is what happened overnight. Robinhood (and a few other brokers) restricted buying GME but you could sell it. Think about that. If you have a bunch of houses for sale but nobody is allowed to buy them then price will obviously go down. Well after hours yesterday GME dropped to about...
  6. O

    [NA]Gamestock[NA]

    Oh, someone mentioned how bad fees hit your profits...most brokers are not charging any fees for common stock trades and I only pay .65/contract at TD Ameritrade. So today I made $110 on a quick TSLA scalp of 1 contract. The fees were $1.30 for that trade. It used to be bad a couple of years ago...
  7. O

    [NA]Gamestock[NA]

    I'd bet there was quite a bit of margin used. I'm thinking some may have mortgaged their houses for it to try to get a piece of this...lol. I'm too conservative and don't chase so I stayed clear. Learned my lesson on that years ago...lol. Partially why I blew out my first account
  8. O

    [NA]Gamestock[NA]

    I haven't seen official word of it but here is what I have seen and have no other details. For their own good? So what if a guy got in at $300 and RH sold it for $200 but then it goes to $500. Is RH going to hand them over the$200/share difference they lost out on? Or vice versa with shorting...
  9. O

    [NA]Gamestock[NA]

    Robinhood is going to lose alot of customers over this and I wouldn't be surprised if they go under over this. They are an entry level platform to begin with and many that are serious about trading will move on from them anyway. This will just expedite that. They don't offer much of the...
  10. O

    [NA]Gamestock[NA]

    It can also affect the careers of the CEO and/or the CFO
  11. O

    [NA]Gamestock[NA]

    Now on to the whole GME thing. Robinhood has sold stocks out of customers accounts without their approval or authorization and in some cases has seized funds from accounts suspected of being involved in the GME debacle. These guys did nothing wrong. Shorting a stock is 100% legal. Hedge funds do...
  12. O

    [NA]Gamestock[NA]

    Day trading can certainly be profitable. I do it and know quite a few that have quit their jobs and live off of day trading. Most use technical analysis but I use pure price action. I trade with a guy now that made $650k last year using technical analysis. But there is a saying...90% of day...
  13. O

    [NA]Gamestock[NA]

    I bought a few call options on NOK the other day. Still holding one contract and was up almost 300% on it. At this point it's a freebie but I won't let it go negative on me. This morning when I logged onto my thinkorswim I was down about $800. At the end of the day I was up $575. Very nice...
  14. O

    [NA]Gamestock[NA]

    Trading today is about charts and/or momentum. I only trade charts, nothing else. I don't even know what some of the companies do that I trade but I mainly stick to the popular 'FANG' stocks like APPL, FB, TSLA, ROKU, AMZN, etc. I did trade WKHS yesterday but had no idea what it was before I got in.
  15. O

    [NA]Gamestock[NA]

    Wish I had been in. I only trade options and don't chase. That said I did catch other smaller runners and happy with my profits. I daytrade or short-term swing trades
  16. O

    Piper down in Avon Ohio

    My son was driving home from Minnesota to Pittsburgh yesterday and was in this are in the afternoon. I asked him today if he saw anything. I didn't think he would have but he said no.
  17. O

    Tire falls from small plane into Chicago neighborhood

    Happened to me about 5 years ago. Driving down the interstate in my Ram truck and saw the set of rear tires on a semi trailer in front of me wobbling then they came off. Tires continued rolling but parts from the hub assembly came back and hit my fender right above the headlight. Put 2 small...
  18. O

    Sad airplane thread

    I'd love to take on a 'rescue' project but I don't have the place to do the work and don't know enough about planes to be confident in what I'm doing. I used to build race engines for my drag cars back in the 90's and have restored a few cars but planes are a different animal. I had a friend...
  19. O

    Citation V down in Oregon

    If it was suicide then why take another person? Yeah he wasn't fully rated for everything (according to Dan) but if he is planning to ditch it why would he care about that? I mean he apparently knew how to fly it so assume he would have had the ability to get it to a remote location to crash it...
  20. O

    Disastrous First (and Last) Annual - Advice Needed

    Different scenario again but boat buyers often get the vessel surveyed prior to purchase. We had ours done and this comes up on boating forums. From everything I have read there is no recourse on the surveyor because of the disclosures written into the contract. These things have happened in the...
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