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Previous Thread: >>1031996
Robinhood works with TurboTax so you can just import it in to Turbotax Feb when they give RH gives out tax documents. It will do everything for you.
The app updated. You can now finally reorganize your watchlist. Sadly, they replaced Illuminati hat with winking cat.
My portfolio is still meh not surprisingly.
If you want to buy AMD, wait until after their Q4 earnings on the 19th, which is bound to be bad, then buy.
I can't sell because I got in at a higher price than right now so i will have to hold ;_;
So I, just by looking at DWTI's chart and saw that it was going up like crazy, blindly bought it and now that it's going up I feel like I should know why.
I mean obviously oil is going down and I'm assuming the "Inverse" part of the name represents betting against oil prices going up, but what about the '3X'?
Also before this I have never heard of an ETN, but beyond the wiki article is there anything I should know about ETNs, fundamentally?
The market is pretty red all over because of the damn chinks.
Pick up ASTI while its low.
I've only got $50 sunk into this shit. Might as well see what happens.
Its been a bad month alright
so close to finally having my first green day.
Ah, okay. I thought, in this example, I could set all 10 share to sell limit at an ideal price, but also implement a stop loss as a failsafe if it drops to a certain low unideal price.
Technically, there's nothing that could go wrong with it logistically, right? I can't set an ideal sell limit while also having an emergency sell stop loss at the same time? What prevents this?
I'm still holding tho
Can't sell at a loss.
Goddamnit I won't sell at a loss
just started late in the day and without previously holding. i was up a few hundred but lost it cause muh dont realize loses maymay. learned my lesson cheaply and quickly.
Anyone else held onto ASTI for a month now and lost $900? It'll turn around...right guys?
Okay I see you guys got burned. CMLS is about to head back up. We had a hickup last week like everyone else but this baby helped me jump 21% last month. Had to pull earlier this week to pay for the wedding but will jump on it soon.
Can we stop this stupid yoyo with gains and losses? Is 2016 this bad? Premarket is going to bleed md again...
So correct me if I am wrong. Robinhood will charge $.02 per sell of each share according to the disclosure? So if you buy stock at 10 cents a share, you'd need for it to hit 14 cents to make anything. At first it sounded like 2 cents a transaction, but lower down it says share.
Damn, what's the story behind this spike?
App still starts but all stock tickers are greyed, not refreshing. I tried to set a limit sell but it doesn't go through and says RH encounted an error, contact support if it continues. Also a drop down notification that says Submission Failed.
At the bottom of that it says... FINRA trading activity fee per share (sells only) at the top of the article it says on all sell orders. So which is it?
So the help document at the bottom says FINRA TAF per share? So what's the right answer? You're saying transaction which I thought as well since the top of the document says orders.
Been looking into researching good entertainment (game industry) penny stocks, is Maj. solid?
Also, never bought a stock that pay divs before. As long as I get in by tomm. and own at least 1 share, I'll get a 0.33 div payment on Friday? They pay divs monthly?
Thanks for the tips
I haven't really fooled with gaming stocks before either. I just went in on COOL because it seems like a can't lose unless the price drops dramatically before I can sell after the dividend pays out.
It's paying a one time dividend, otherwise it doesn't normally pay dividends. The announcement last week jumped the price 60% and it's been inching upwards since.
Looks nice, maybe I can pick up a few shares at a low today or tomm and try to sell at a small profit.
You don't think everyone may be doing the same thing, however? Picked up shares at div announce, price spiked, divs pay out on Fri and then everyone dumps after the payout (resulting in a loss on share price)?
Don't. Thankfully I only put $30 in that bitch. Meme stocks, never again...
Ah, that's perfect if you got in at the 52wk low. Good luck, man. Update me on how it pans out on Fri, I'll be camping the threads.
Also, just reading the discussion buzz on the stock... it appears that COOL is paying out about $10 Mil in Divs on Fri... but apparently the company doesn't even have close to that much and reported a loss of revenue recently (around 200k?). People are saying they're handing out this huge Div total that they don't have.
Does this mean the company is gonna get buttfucked soon?
I didn't know about that. I'm pretty small time so I'm only in for a couple dozen shares. If it goes sideways I don't stand to lose much.
I'll write back on this either Friday or next Monday.
Poorfag here, jumped off the LPTH train at the right time, too scared to do anything with myself now
Not true, you will still keep the shares you own, you just cannot buy anymore. you can also sell the shares at whatever the market value is. The only way you lose all your money is If the company goes bankrupt. But generally stock not listed on NYSE/Nasdaq go to crap and become worth even less.
Fucking Memestocks. HEAR has me red red red.
Any reason why RH displays an "average price" in their notification emails and not the actual micro-cent total like the app shows?
For example, I sell a share for 0.1369 but the email says I sold for an average of 0.14 a share. The actual app totals your returns down to the micro-cent total, however, (which is great), but it seems odd that they would round totals up instead of giving specifics for notifications.
Just wondering and if it has any actual affect on returns.
it's because the price fluctuates as you buy it.
especially nowadays when algorithms are trading hundreds of times per second.
if you do a limit order and ask for a specific price you'll get exactly that, but if it drops below you'll still pay what you set.
Odd, I never use market buys, always limit buys, but RH still sends emails with an average price (seems like incremental cent values are just rounded to the nearest cent for email display, but you're still charged the increment, so that's fine).
I was going to ask... what if a majority of my trades are at a loss, am I still taxed on that?
Also, lets say for instance I make 3 stock trades in a tax year and all of them are sold at a loss. How does that factor into my taxes at years end?
If you have a net loss even against capital gains(1 Stock was up 2000 and another stock was down -3234) you can remove up to 3000 dollar for dollar against your ordinary income.
As in if from your regular job salary you can lower it by up to 3000 or what ever your loss is.
EX. You have a net loss from all your trades in 2015 of -1234.00 dollars and you have a salary of 60k a year.
You can deduct 60,000-1234 so you only get taxed on 58766.00.
Another exaple if your salary is only 1000 dollars you have to carry foward the loss of -234 into next year.
Then next year you can deduct against capital gain again.
fuck I'm down 10%, bad bets across the board.
should i just liquidate and dump my money into TVIX or LABD tomorrow? 20% growth in just one fucking day with them and I'm hemorrhaging money on "long" bets that keep breaking their 52wk lows the second I buy in.
i can't imagine the severe delusional state you have to be in to still be holding ASTI.
they should just round them all up and put them in a mental institution.
LOSSES ARE TAX DEDUCTIBLE IF YOU SELL NOW YOU'LL GET FREE MONEY
depdends what timeframe you are looking at. few years, no probs. hold and you will make lots of money.
q1 2016? likely dipp some more
> do the opposite of /biz/
/biz/ penny stock picks are shit, but these were all solid picks.
There is no way to remove the 3k cap against ordinary income.
I think your confusing it if with being qualified as a "Trader". Cause if you qualify then yes there is no cap, but you have to qualify to have those benefits(Mark to Market election) and my guess most people on here using RH don't qualify.
>Ctrl + f "UVXY"
>0 of 0
I got in at $31 before Christmas, this is going to $50 and if could go much much higher as things start to get worse.
Is anyone here shorting crude oil right now?
I hear you there, taxes are a bitch for this kind of stuff to begin with, and you're right, most here aren't involved seriously enough for it to be feasible.
To be honest, I have yet to meet another trader with said status. Must be rarer than I thought.
Markets are about to close.
How did everyone do today?
I bought ASTI to try and tame this fucking beast. Need it up just a few cents to walk away in the green now. And I bought the ELTP discount.
I've sold all my memes and I've been on DWTI for the past few days and also bought UVXY today.
For DWTI I would've made more money if I noticed how the percent change has been going sky high to like 10%+ and then settles to like 2%, and sold at its highest. I'll do it tomorrow, and buy the dip within the day....as long as the world is still burning lol.
Today was brutal. That dead cat bounce...
I'm dumping a new $500 into a bear ETF to hopefully recover tomorrow.
I've been making some good money by going all in on bear ETFs that are only 6-7 months old.
How safe is this?
That was for the month. Here's today. I knew changing the hat to the cat was a bad sign...
It's going to have to be the case or else they will lose money or come under Fed scrutiny. Unless this is something like giving up money for marketshare, which is way too short sighted.
Now that you realize that, what are you going to do about it? Selling everything isn't always the answer. I'm down 22 points for the year and if anything, I'm averaging down and expect to be well into the green by April. That's how a bear market works.
Depends on what you're holding, of course.
Busy cutting all my bleeding stocks.
Im also shorting oil for the near future and im about to short the s&p.
Im also invested into volatility indexes.
Some of these 'investments' will be leveraged.
Its a huge gamble but I need to make back my losses asap.
>giving up money for marketshare
I'm not sure what brokerage wants the share they have.
They can't compete for the same customers without becoming full fledged, which would cost them a mountain of cash (and I suspect they don't want anyway).
>down 30% over the past 1.5 weeks
i don't even know what to do at this point.
i don't have much time anymore to shit around with stock picks. is it just falling into the panic sell meme to take a big loss now and be done with it? i don't think i'm cut out for this shit
I have no clue what I'm doing. Doesn't it seem like common sense to buy a bunch of NYSEARCA:SH and just wait for the inevitable next recession? Whether it's 1 month or 2 years from now? How would that work for a mid-length investment?
PRO TIPS: I JUST WANT U GUYS TO MAKE MONEY AND STOP TRADING ASTI
-IF SPX DOES NOT SUCKER RALLY AND FALLS HARDER BUY LABD
!!SPBIO IS AT A 2 YEAR LOW!!
THINGS CAN GO LOWER
-NG REPORT TODAY, PLAY EITHER SIDE, UGAZ/DGAZ
-COOL IS A POSSIBLE RUNNER BECAUSE OF THE SPECIAL DIVIDEND
-LPTH IS HAVING A LOT OF ACTION PM CONSIDERABLY HIGHER THAN IT CLOSED, ADD THAT TO YOUR WATCHLIST
>wait 6-7 minutes watching labu and labd
>see which one gains momentum
>buy, wait 5 more minutes
>set stop limit and chase it up all day
Why do people hold on to their asti tier portfolios? for indtsnce my uncle is doing shit, he asked me for advice and where i get my stock tips kek
I'M IN TOO DEEP MAN
EITHER I'M GOING TO LOSE ALL $20 WORTH OF SHARES ON ASTI OR I'M GOING TO SPACE WITH $200!
stealing my ideas and explaining them terribly,
u just need to watch SPBIO mostly right now. SPBIO is definitely the indicator for LABD more than SPX. look at spbio just freefalling. it has past 2 YEAR LOWS. no sign of stopping
i a-appreciate your interest in biz, i didnt really patent that formula. Where are you watching spbio?
on ThinkOrSwim or you can google ^spbio.
LABD $60 to $66 should have gotten out at 69 but my sentiment was extremely bearish for spbio.
so guys I think that spbio is trying to rally back a bit from all that it lost but its not going to hold unless the SPX recovers and holds as well. So when spbio reaches its peak and starts falling again rebuy in to LABD
Welp im out of funds for today. when rh goes instant we gon be rich. Also if rh goes super popular after that, i think $INTU may be a good long term buy since they own turbotax which seems to be the only think to interface directly with rh
would cannabis companies still be a decent investment mid-long term?
public interest is only going up, and places like Colorado and Alaska are showing how well it can work as a recreational experience.
So I just got a pretty threatening call from robinhood saying I was market manipulating because I accidentally bought shares from myself lol don't do that boys they threatened me some nasty shit lol
FURTHER EXPLANATION HOW OT HAPPENED
>be me buying shares at $.08
>have 700 already and want to sell cuz market price is $0.14 now
>put shares in at market and forget to limit order because I think they will sell at market
>my order at buy $.08 finishes as my order sell does too
>I sold the shares to myself by accident
>only person trading those shares
>get phone call from robinhood threatening to close my account and saying its illegal
>guy saying its called "wash trading"
Anything but Amazon. If an airline shits the bed too I might be worried. With emptier seas, I'm making an uneducated assumption that air is how goods will be shipped internationally
>finally decide I've had enough losses with my long positions
>short a few things today
>they all go up
I'm not cut out for this game
I don't understand... Why the rallies and then horrible drops?
That is how the jews have a controlled crash.
Similar to all other crashes in history,
if they engineer it so it all happens on one or two days, there will be absolute chaos
the jews must have it drop 350, up 100, down 200 next day, then stable for 3-6 days
rinse and repeat
things are going to get way worse than 08' over these next two months