*Investors Blog*

[Zee09]

Hey now.... @SC Maintenance

I flipped the worthless in the day Lemonade stock at Dairy Queen for $1500 in 6 minutes and later my buddy got in it minutes before the massive fall from grace...
That company was the bomb to the newbies and it had zero worth

 

[SC Maintenance]

I hope!!!

Yes, well me too. But it just completely proves the whole casino is nothing but a ruse.

Now if you will excuse me while I buy back my VIX long.

 

[Zee09]

@Doc8404

I quit the stock market long ago but a buddy of mine hooked me up with Robinhood in October of 2020...
His 25 year old son hooked him up on it.

I had a bunch of deaths in my family and a few months prior lost my mother and it was something I could do to get lost so to speak.

I started with $5500 only
But was limited to 3 trades a week.
So I scrounged up $35k as you need $25k to get around the pattern day trader rules....
I was very cautious though as I won't take a loss and will sit in a stock if caught and wait it out.

I've done over 700 trades in one month before and I had to take a sabbatical as that about drove me nuts....
Today the trading platforms hate day traders and have harassed me to no end even though I'm not breaking the rules

Now they don't bother me as I trade only on my own money meaning if I run out of account money on trades I have to stop until the trades clear at 8pm nightly..
I'm fine with that...
I mostly only trade solid stocks that may go down but not out... Penny stocks are fun and profitable but may be gone tomorrow...

 

[Doc8404]

@Doc8404

I quit the stock market long ago but a buddy of mine hooked me up with Robinhood in October of 2020...
His 25 year old son hooked him up on it.

I had a bunch of deaths in my family and a few months prior lost my mother and it was something I could do to get lost so to speak.

I started with $5500 only
But was limited to 3 trades a week.
So I scrounged up $35k as you need $25k to get around the pattern day trader rules....
I was very cautious though as I won't take a loss and will sit in a stock if caught and wait it out.

I've done over 700 trades in one month before and I had to take a sabbatical as that about drove me nuts....
Today the trading platforms hate day traders and have harassed me to no end even though I'm not breaking the rules

Now they don't bother me as I trade only on my own money meaning if I run out of account money on trades I have to stop until the trades clear at 8pm nightly..
I'm fine with that...
I mostly only trade solid stocks that may go down but not out... Penny stocks are fun and profitable but may be gone tomorrow...

I use Robinhood and Fidelity.

Robinhood was started so I could get on the DOGE wagon.

When it went up like 2000% I still held and I could profit now but am holding.

Bought a few others on Robinhood but mainly for crypto which I am dabbling in.

Not sure how I missed Bitcoin, but most likely due to my lack of understanding and the wallet download etc.

 

[Zee09]

Pablo has seen this but Ford traders know the lock down mode where some guy somewhere says trading is done for the day and the stock goes into the penny toggle to trap all day traders...

It will go one penny back and forth for hours.. this is how I deal with that nonsense

 

[Zee09]

I use Robinhood and Fidelity.

Robinhood was started so I could get on the DOGE wagon.

When it went up like 2000% I still held and I could profit now but am holding.

Bought a few others on Robinhood but mainly for crypto which I am dabbling in.

Not sure how I missed Bitcoin, but most likely due to my lack of understanding and the wallet download etc.

I'm going in that direction too on RH but only on tradeable Crypto as it's like penny stocks to me and it's easy to do on RH... that's the only reason I use RH....it's basic and I don't like the new Legend as I don't want the graphs...lol

 

[Vil_Riker]

Used to day trade during the market crash in 2008. It was fun but took a lot of my time. The platform were not as ubiquitous then.

 

[Zee09]

I use Robinhood and Fidelity.

Robinhood was started so I could get on the DOGE wagon.

When it went up like 2000% I still held and I could profit now but am holding.

Bought a few others on Robinhood but mainly for crypto which I am dabbling in.

Not sure how I missed Bitcoin, but most likely due to my lack of understanding and the wallet download etc.

If I may ask what Crypto are you in other than those you mentioned?

 

[Dave Hess]

Used to day trade during the market crash in 2008. It was fun but took a lot of my time. The platform were not as ubiquitous then.

I don’t day trade but will buy quality companies that have gotten beat up.

Boeing is a great example.

 

[Doc8404]

If I may ask what Crypto are you in other than those you mentioned?

DOGE

XRP

SHIB (it's a long shot but why not)

and looking at

LINK, SOL, and RTX. Mostly for the long shot, to the moon type of investment and not a quick turnaround (like I probably should've for DOGE).

It's money that I can lose and still sleep at night.

 

[Zee09]

I don’t day trade but will buy quality companies that have gotten beat up.

Boeing is a great example.

Day trading will make you old before your time....very stressful..

 

[Zee09]

Anybody here in Palantir (Pltr)
I got out last week and I hit it hard from the $30 days but I'm slightly apprehensive about it now.....

My buddy was in it from day one and I avoided it but in the day it swung so hard it was a day traders dream... Any thoughts?

 

[Doc8404]

I'm sure you saw this...hell of a ride the past 9 months.
Why Palantir (PLTR) Shares Are Getting Obliterated Today
https://finance.yahoo.com/news/why-palantir-pltr-shares-getting-200407490.html

 

[Jims72SS]

Hey guys…been lurking this thread for a little while. I watch the market and have been with Morgan Stanley for about 20 years and E*Trade for about 6 years. My question is what trading platforms do you prefer? I probably trade 12-15 times a year and only have big cap quality stuff in my portfolio and I’m wondering if I’m missing out by sticking with E*Trade.

 

[Zee09]

Hey guys…been lurking this thread for a little while. I watch the market and have been with Morgan Stanley for about 20 years and E*Trade for about 6 years. My question is what trading platforms do you prefer? I probably trade 12-15 times a year and only have big cap quality stuff in my portfolio and I’m wondering if I’m missing out by sticking with E*Trade.

It depends if you like a basic simple platform or a fully featured one.
I guess what you are doing interest isn't a concern?

I prefer simple and Robinhood app works for me but I don't like the desktop option. Cell only... I'm out of stocks more than in and interest and FDIC insurance is a must for me.

I'm sure the others will chime in as I'm guessing you're looking for a full feature option.

 

[tbm5690]

Hey guys…been lurking this thread for a little while. I watch the market and have been with Morgan Stanley for about 20 years and E*Trade for about 6 years. My question is what trading platforms do you prefer? I probably trade 12-15 times a year and only have big cap quality stuff in my portfolio and I’m wondering if I’m missing out by sticking with E*Trade.

Fidelity is easy to use on both mobile and web, and I like having most of my accounts under one roof. I have a brokerage, ROTH IRA, UTMA, 529, and crypto account all in one place. Super easy.

 

[Doc8404]

Fidelity is easy to use on both mobile and web, and I like having most of my accounts under one roof. I have a brokerage, ROTH IRA, UTMA, 529, and crypto account all in one place. Super easy.

I should check out their crypto options since Fidelity is where I have most of my funds

 

[SC Maintenance]

@Doc8404

I quit the stock market long ago but a buddy of mine hooked me up with Robinhood in October of 2020...
His 25 year old son hooked him up on it.

I had a bunch of deaths in my family and a few months prior lost my mother and it was something I could do to get lost so to speak.

I started with $5500 only
But was limited to 3 trades a week.
So I scrounged up $35k as you need $25k to get around the pattern day trader rules....
I was very cautious though as I won't take a loss and will sit in a stock if caught and wait it out.

I've done over 700 trades in one month before and I had to take a sabbatical as that about drove me nuts....
Today the trading platforms hate day traders and have harassed me to no end even though I'm not breaking the rules

Now they don't bother me as I trade only on my own money meaning if I run out of account money on trades I have to stop until the trades clear at 8pm nightly..
I'm fine with that...
I mostly only trade solid stocks that may go down but not out... Penny stocks are fun and profitable but may be gone tomorrow...

So just to confirm - if you have $25K you can day trade.

What kind harassment do they hit you with?

Not a day trader - just sort of interested. I have traded in and out of stocks in 24 hours plenty of tiems on Schwab, but most of the time my shares sit for months or even years untouched.

 

[Zee09]

So just to confirm - if you have $25K you can day trade.

What kind harassment do they hit you with?

Not a day trader - just sort of interested. I have traded in and out of stocks in 24 hours plenty of tiems on Schwab, but most of the time my shares sit for months or even years untouched.

In the beginning I had a total of $35k for a buffer. They had a graph marking 3 boxes which you were warned on number 2 day trade and #3 bought threats.

I was suspended in the early days
Several times for 4 day trades a week. Then garbage penny stocks you could flip all day...4 trades came fast..lol

As I started getting good at day trading I figured I wouldn't be bothered....wrong....

I'd call and question a system glitch
And the first thing out of their mouth would be You're a pattern day trader and I'd say so?????

I'm not breaking any rules...
During a sell or a trade you would get a notice right in the middle they needed your password or to reset it etc. Just to hassle you or you need to call in and your great trade could be ruined.

Last year they threatened me and I had over $900k in my account and they forced me into trading only with my own money...I said I prefer it and don't need your money.
I never used their money.

They no longer bother me because if I trade hard that day I never really run out of my own money. So good riddens to them.

The market hates pattern day traders.

 

[Doc8404]

CHecked out Fidelity as a I opened a crypto account with them just now.

Then realized they only have 3 coins to trade.

Tradable coins

Symbol
Last price
% Change
BTC
BITCOIN
$89,452.60
+2.04%
ETH
ETHEREUM
$2,192.79
+1.73%
LTC
LITECOIN
$104.26
+3.41%

Guess I should stick with looking at their FMET or FDIG in my traditional account. Which in all reality aren't performing that well, they are very new.