[Robinhood General Thread] -- /rgt/
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Previous Thread: >>1028187
> didn't double down on ASTI @ .10 and now its trading @.12
okay next time it takes a nose dive im going all in just so I can sell off when i can break even and hopefully get off this wild ride
Could DRYS make a small comeback today?
Lets fuck with penny stocks they said. You going to be rich they said.
sorry anon feel better
youll bounce back im sure of it
Alright fags, I'll give you a way to hedge without using options. Form covariance matrix of several stocks. Use eigenvector analysis to find extremity values, buy only stocks with inverse relationships. Form corr. coefficient matrix, optimize for max/min. Buy/sell inversely related stocks to maximize profits. So on average stocks that move up/other stock goes down. Make sure your choices have low beta (relative to major markets) to avoid being shafted by some unexpected market move. You're welcome.
i dont really know
I assume their main department is still the stun guns, but I follow the news articles on the company pretty closely and im often seeing headlines about their body cameras being ordered by various police departments
I know this is a common meme here but there is actually a class B stock of that that trades at around $100. Probably still too pricy for some people here, but it's low enough for average investors
FUCK FUCK FUCK THIS THREE DAY WAITING PERIOD.
I CAN'T FUCKING PREDICT WHAT PRICE SHIT WILL BE AT IN 3 DAYS. Make that pretty much 5 days because of the weekend.
How much longer does everyone think this bankruptcy crisis thing going to keep going on?
At that point you should just buy into SPXL.
Then sell it in a week when we see the rebound.
I did it in August and im doing it again as of today, I'll let you know how much I make ;)
Whoever gave the UGAZ tip, thank you, but I still feel a little uneasy about holding an ETF past a day (especially a weekend). Mainly because I don't know how the reset works, but either way is it expected to be a much better sell on Monday than today? Or would it be relatively the same to just sell today
So the gist of it is, you can trade stocks and ETFs but nothing else and there are no IRAs or any retirement accounts.
I'm trying to figure out if it's worth it or if I should just go through a brokerage Roth.
How long does it take to get approved on RH? I uploaded photo ID picture a long time ago and it still says my application is still under review. On the FAQ it says it usually takes an hour or so. I've been waiting at least 10 days
UGAZ guy here. yea it will open monday most likely much higher. There is a polar vortex coming sunday thats gonna wreck the mid west mid east. Same shit happened last week. Colder weather = higher nat gas price.
>i-itll bounce up in January
Polar vortex coming sunday. Its gonna get cold. Watch the national weather forecast. If a blizzard is gonna hit the NE than nat gas goes up. If its warm price goes down.
Nope nothing to do with the price. We have so much nat gas in storage that we could stop producing completely and not run out for 50+ years.
Yea thats why its a feast famine kinda trade. I tend to stay away from biotech the swings are too much for my taste. that sounds like an interesting job. Do you just sell off whatever assets they have? How hard is it to find buyers?
It's easy to find buyers, mostly, they come to me.
Look, here's how it works. I know the people at the banks- the people at the bank say hey jhonny, this company went out of business, they left 50 million in stuff behind.
How much can you pay for all of it?
And I say, 5 million. Then they call other Johnnys and the other Jhonnys bid it all the way up to 10 million (this is 11 million in shit) so I call the bank and say, you know what, 10.25 million.
And they sell it to me for 10.25 million, and some new up and coming biotech firm buys it from me for 11 million.
Then I come back in 2 years to sell the 11 million in shit for 5 million to someone else after they go out of business and the bank takes their shit
Sometimes you know, I pay 10 mil, and liquidate it for 9 mil- not good. But I come out ahead enough to have a good living for myself
>calling the pennystock pushers ITT investors
Do you have leverage instruments in robinhood for stock, indexes or commodities? How quickly you guys have the money realized to your account when you sell? Just curious...
Even 10-20K is too little.
Day trader cap is 25K, if you can't maintain that you're doomed to your account being frozen constantly.
Unless you go with non-margin and get no leverage, credit, etc.
The minimum amount a day trader can start with is the cost of 1 share/contract, plus some extra money for commission. Trading is a skill unrelated to how much starting capital you have.
Day trader status is a tax election. I haven't heard of too many day traders electing trader status because I think they realize that the lose of flexibility (having to keep capital above 25k) for limited leverage (4:1 leverage intraday [i.e. no levered overnight trades]) is not a good deal.
JUST FUCK MY NEETBUX UP
It's been getting less and less sweet.
Before, the problem was you know, you need 10 mil if you want to buy it. So there wasn't very many bidders, because not everyone had 10 mil.
Now 10 mil is peanuts, everyone and their grandma has 10 million, so the competition has been ramping up
Good luck anon.
There is a jhonny there, bidding for that expensive equipment.
Now Johnny has buyers, he has knowlege, he knows what each machine is, what it does, how much it is worth in it's current condition, how to check the hours on the motor,
You better start learning if you want to get in on it.
Yup. Press event, booth, announced a partnership with a retailer, all that. Fucking nothing. Even Redwood has started selling off their shares. For ASTI longs the only remaining hope is the earnings report due out in March. Thing is, their delisting hearing is scheduled for February.
As small as it is, I'm beginning to genuinely regret my purchase.
>The minimum amount a day trader can start with is the cost of 1 share/contract
You can run a race with two broken legs as well.
>Trading is a skill unrelated to how much starting capital you have
But your likelihood of succeeding at said endeavor is.
Having to keep your capital above 25K has nothing to do with the tax election. That's an SEC requirement for who they consider day traders.
As someone who does have the tax status you describe, I happen to disagree that it's a bad deal.
I dont know if youre into technical analysis but every time it hits round .10 or .11 it bounces back up. i just put in a buy order for monday at .115 and im expecting it to go up to atleast .16. what do you think?
Absolutely zero commissions (yes it's not just a meme)
It's fresh^TM (it's new and whacky and it looks clean)
Not a lot of registration requirements
No minimum account balance (can literally trade with like 10 dollars if you're a poorfag)
kind of delayed quotes
bad customer service (it's like 2 Stanford grads in a small office who made this)
No margin accounts (yet), meaning:
a. No short selling
b. Cash only so transfer time bullshit of 3 days
Only an app in the u.s. (Aussie cucks only on waitlist atm)
Stops are kind of crud / dis functional
And to repeat again it's only an app, so no desktop capabilities / efficiencies
But hey, it's like >4.5 stars on the App Store right now and it's not corrupt, plus there's some safety / insurance from fraud in its framework (somewhere)
Uh so yeah your choice.
Well, I just started trading two weeks ago but from what I gather technical analysis would dictate that ASTI will rebound once it hits the current support near .10 (which it did within a few hours of closing). Preliminary fundamental analysis suggests that this bitch is going down in flames.
My personal tin-foil hat tier assessment is that Redwood acquired a large number of shares so that they could strategically sell them off so as to devalue the stock enough to encourage sells and pick up a metric fuck ton of them at 9~10 cents per share. Supporting this theory are the facts that 500,000 shares were recently given to the CEO and Redwood's ownership has decreased from 9.7% to 6.5% since the beginning of the year
im shorting it so I could care less about the it tanking, as long as that bitch goes up to atleast .15-.16 ill be a happy camper. it seems like the rebounds are getting smaller each time so thats my guess as to the general area it will bounce to. I dont understand much about what youre saying. so what do you think that ceo is going to do with his shares and how will it effect price? I know youre not an expert but you obviously understand it better than me. I have been watching asti for a couple months now though.
To 'short' sell means, I sell shares without having them.
So if the shares go down, I make money.
Example, I sell this stock worth $100 short for 2 weeks, I'm paid you know, .0001 pennies as interest/dividends, and then in 2 weeks, I buy 1 share to cover my short order
So if that stock is under 100 in 2 weeks, you make money
Don't feel bad many think this before learning what it actually means
Buying a stock normal and hoping it gains value so you can sell high = "long" position
Borrowing a stock and selling it , hoping it goes down so you can buy it back later for cheap and you take the difference = "short" position
Looks like you fags missed the news
RH releasing an update soon that does away with the 3 day wait period.
What are we buying on Monday fellas?
Set some limit buys pretty low and got some good buys.
Got into GE, lrad, ftr, clm
Looking at clms and hiho as well
These are all a bit long term..
Still a beginner
No, I realize that.
But does anyone actually have meme stock that have good reason to go up
Misinformation is funny and all
But using each others knowledge only helps all of us make more money.
I won't say you're wrong haha, I've made quite a bit on that... meme.
I figure I'll pay it forward, this board made me money on TBEV. Anyway,
CRTC, read their PRs on OTCMarkets
And/or read iHub.
They've recently went through a reverse merger. New ownership, name change, all that good stuff. The new CEO hints that he's got some big things coming. Their twitter is full of good stuff. They've only recently had the name change, so most developments weren't PR'd.
I would wait till .0004 or .0003 to buy, if you want. That's where I will add, anyway. Baring and unforeseen developments. I've traded this stock in it's previous name before. Same sharestructure; it trades happily in the .001' range. It just needs exposure, again.
I made $100 profit on AMDA, and I still have it on watch anons. I sold it last week but i'll grab it again this monday if I see it in red.
FCEL. Has contracts with pfizer recently plus doubled their manufacturing capability. Also is doin a carbon capture program with govt . Will most probably turn profit by 2nd quarter. Has more cash than debt. I would bet they would be a good longish term buy. In 2 years you will have 5x returns.
To do that we need some sort of chat room like IRC or the like. There is just too much shitposting and memeposting to collaborate and research in this environment. Im willing to help with that i just have no idea how to start or organize it.
But honestly as long as people add a short description.. Then in every thread we'll have plenty of food prospects and can pick and choose which ones we want
In other words, there's a big difference between asti lol and This company has this this and this going for them
>there's a big difference between asti lol and This company has this this and this going for them
Are you sure?
How much effort do you think the average poster here has put in to their recommendations?
My point is, the better someone explains it, the more inclined we are to listen
Which is why I'm saying we should make it a point to name the stock, name the projected future, and at least a few sentences about why
Sure. That works to get some to direct their own research deeper into one company or another. I was thinking more along the lines of having research teams. One biotech one energy etc. That way people who are good or comfortable with one sector can share info with people who know another sector. That way we dont lose because there is always a hot product in one sector or another. You just cant research them all fast enough by yourself to recognize big movers quickly enough
I personally put alot of thought into my post. Im invested in any recommendation i make. I spammed UGAZ late thursday night into friday morning. And made a couple people 10% positive on that one.
That's awesome, we should be more appreciative
But once again, let's make an effort to try to even write a paragraph about any stock
I mean the major issue with a lot of these threads are the inability to decipher between someone serious and someone trolling
Ok. All i can do is me. I will do a weekly commodity update as best i can. On sunday nights. I will namefag for it. See how it goes. Maybe others will do the same for what sectors they know.
Ah, it doesn't work on TDA either. EVDR, its previous ticker, was on the DTC chill list. TDA doesn't touch those and I guess RH doesn't either. Scottrade, etrade, IB and most others don't have a problem with it. Well, so much for my effort.
>I am part of a /pol/ one where we actually get shit done.
>we actually get shit done
I am the biggest loser. Once the market opens i will have lost much more. im selling if it gets to 12 cents
I bought in at .18 initially. It dropped to .14 nd then when it had the big rise i put in another order it didnt go through until ASTI was at .17. It dropped directly after that and there was nothing i could do. Im holding out since i havent lost any real money yet.
at least hes not me
the company issued some new shares to raise captital and as a result it diluted
How long did it take you guys for your account to be verified? It's been over a 2 weeks for me. I emailed them last Wednesday and they said they "prioritized" my account.
we're waiting for a chance to dump.
i keep doubling down when it hits rock bottom in an effort to break even at the next rally, but then it just tanks even harder, again and again.
i think shorting ASTI would be the easiest and most reliable way to make money in the world.
rode that ATV train today, too bad most of my funds were held up. also to bad that I entered at 7.56 ( RH wouldn't let me cancel my limit of 6.94 ) and then I exited at 7.99 (hit 10.35) fuck lol
>Doubling down on a stock that is in perpetual decline that you know you want to dump
Jesus why just dump it now and move on don't look back. You would have lost less if you just had cut your losses earlier.
>implying an overhyped pennystock won't turn you into a multi-billionaire
Enjoy being a poor fuck while I party on my mile long yacht.
If you guys want Robinhood for your desktop without problems using ARC Welder
You can use RemixOS in a VM and run it without a hitch as Remix OS is just Android for x86.
Its pretty cool and doesn't use much resources to run in a virtual machine as its just android.
Paid 0.1369 x 200 shares. Its so small of an amount and my first trading experience on RH that I'm just gonna hold for a spike.
Hell, I'd even sell them all for 0.1370 if the market allows
i know this isnt /psg/ but its certainly a moon training meme desu senpai
you will never see it hit 13 again.
the last rally got up to 12 before everyone tried dumping and crashed it down to what it is now.
it will be delisted soon so if you wait and wait, and you'll be left with nothing. just sell off now and start trading less volatile meme stocks like biotech like TGTX or ATHX
so should I go balls deep into emerging markets?
they can't keep going down forever right?
this has to be the bottom.
>Buying in the sector with the most volatile types of stocks with limited trading experience
>Not expecting to get rekt
>Not selling at -8%
Should have just bought 3 x bear/bull bio etfs desu
Seriously why is it that every stock I invest in always tanks? How the fuck do traders make money when literally every stock is bound to collapse?
Imagine you have 25k. You invested all of them in one stock and it went up 5%. You sold it and now you're 1k richer. Since we only have around $200 and we put $50 on 1 stock, we tend not to be satisfied with a $2 increase so we hold and hope it goes to the moon.[spoiler]atleast i do[/spoiler]
Maybe I can stop bleeding money now... Just gotta have patience for not dumping when Q4 results are in and investors inevitably panick.
Already up to .11 after hours. Should have held on a few more days/weeks
I wish I had the balls or insight for that but no, I'm long AMD and MU. MU is killing my gains though.
Hey /rgt/, I don't normally go to /biz/ so I don't know if this is the right thread but fuck it.
I'm currently in a finance class and we have to do this fake stock market thing. I get 500,000 fake dollars to invest. I know nothing about the stock market so I will be using stock suggestions from this very thread.
Thank you, my grade is in your hands :>)
If you want to be a good little student and want substance for a nice report to write about diversify across
multiple sectors from large well know corps(Google, Apple, GE, Ford, etc.) who have lots of articles and hefty financial statement notes.
>Can't figure this shit out on your own
You should change majors if its finance desu.
My major is biochemistry, I don't have time to learn about stocks, not enough to be of any value to me at least.
And I don't need to write a report, my grade is determined only by how much cash money I make
>my grade is determined only by how much cash money I make
You should quit that class. That being said, if your grade does not matter to you, invest with recommendations of >>1037416. Otherwise, invest in big companies that advertise a lot and that don't have bad news right now and diversify your picks.
Hearing where they present their case for staying is February 11.
Though, it will probably only take them a few seconds to decide to pull their shitty stock and give its ticker to someone other company that isn't 100% trash.
This dezu senpie and such. Unless they release a kickass ER before then (their ER is scheduled for release in march) and then reverse split all their worthless shares after an unfathomable comeback (just kek my shit, etc) they are doomed (they are doomed).
Knew someone was going to say that haha, no I put it up and then I received an email from Robinhood saying how I needed to send a picture of the card to activate my account
I think i'm just going to delete the app and reapply