looking at my schwab trading options im almost wondering if this is a sex
cult thing. Im pretty sure in our younger pre marriage days me and the wife
did a bunch of this stuff
1. 2 Leg SpreadsThere are 9 nested list items
1. Vertical Call
2. Vertical Put
3. Calendar Call
4. Calendar Put
5. Diagonal Call
6. Diagonal Put
7. Ratio Call
8. Ratio Put
9. Custom 2 Leg
1. 3 Leg SpreadsThere are 3 nested list items
1. Butterfly Call
2. Butterfly Put
3. Custom 3 Leg
2. 4 Leg SpreadsThere are 5 nested list items
1. Condor Call
2. Condor Put
3. Iron Butterfly
4. Iron Condor
5. Custom 4 Leg
1. CombinationsThere are 8 nested list items
1. Buy Write
2. Sell Write
3. Straddle/Strangle
4. Collar/Synthetic
5. Rollout
6. Rollout Spread
7. Rollout Straddle
8. Custom Stock Opt
On Tue, Apr 13, 2021 at 12:13 PM Cameron Crum <[email protected]> wrote:
> Yes the banks like to have your money on hand so they can use it to make
> money for themselves. Those subscriptions to Chortle Quarterly, and the
> mega-yachts they ride around on don't come cheap and certainly not with
> their own money. Also, it's getting harder and harder to find a good
> monocle maker these days.
>
>
>
> On Mon, Apr 12, 2021 at 9:58 PM Robert <[email protected]> wrote:
>
>> Trading can be worse than Gambling... If you are really good at
>> gambling...
>> https://www.cbsnews.com/news/sports-bettor-billy-walters-winning-streak-13-01-2011/4/
>>
>>
>> On 4/12/21 1:10 PM, Steve Jones wrote:
>>
>> So if you dont trade on margin, you still have to have a margin account
>> with 25000? The more im learning and reading the more I understand why
>> certain people believe there needs to be more regulation. The crazy amount
>> of risk, aside from just putting your money up, margin, short sale, etc. I
>> dont have any interest in doing much of that, in regular life I try to be a
>> cash guy (though economy and paycheck doesnt allow that) but I wouldnt ever
>> consider taking a load out to go to the casino.
>>
>> I see the risk aversion, I switched my paper account balance to the
>> actual amount id be willing to risk, and suddenly I wasnt as adventuresome,
>> I assume that would amplify when actual money goes in. I dont mind my risk
>> on the limited long term stocks, I think theyll perform well, Smith and
>> Wesson in particular.
>>
>> I have my paper account sitting at -1900 for the day with pending sells
>> for tomorrow that I think will hit the expectations at 9 tomorrow. Is that
>> considered day trading since part of the cash was from a purchase and sell
>> today?
>>
>> this webull place says i can day trade with 100 dollars, so if i was to
>> toy with that, its just math to extrapolate to real gains or losses? Im
>> just finding it hard to believe theres a way to get better than casino
>> winnings without committing a crime
>>
>> On Mon, Apr 12, 2021 at 2:55 PM Tyson Burris <[email protected]> wrote:
>>
>>> Steve-
>>>
>>>
>>>
>>> I didn’t read the whole email chain so I maybe blowing smoke here.
>>>
>>>
>>>
>>> Margin is borrowed money based on a set value of a security. You cannot
>>> Margin trade most penny stocks.
>>>
>>>
>>>
>>> Margin trading is high risk / high reward. You MUST be careful. A
>>> stock that is traded on Margin and rapidly decreases its value you can
>>> cause you to be in Margin CALL or even owe the broker if not careful.
>>> Buying Power tends to be Margin.
>>>
>>>
>>>
>>> According to SEC regulations, a day trader is one who trades / flips
>>> five or more times in a trading period. If you are flagged as a day trader
>>> you must maintain 25K or more. Holding a security overnight and not
>>> bouncing in and out of it prevents this from happening. I believe if your
>>> account is flagged, you can wait 60-90 days and request the flag be
>>> removed. (assuming you don’t day trade anymore)
>>>
>>>
>>>
>>> Those who don’t hold a stock for a year or longer will pay a much, much
>>> larger capital gains tax then those who do. Short vs. Long term.
>>>
>>>
>>>
>>> Examples of pros and cons…
>>>
>>> I took a 30K+ loss many years ago when earnings came out and the stock
>>> tanked. I had the stock purchased on Margin. Had I not, the loss would
>>> have been so much less. I was forced into a Margin call and had to take
>>> the large LOSS. This is an example of Margin trading that caused a large
>>> loss.
>>>
>>>
>>>
>>> During Covid, I invested with Margin into a stock I knew would do well.
>>> At the peak, 3 million was made. So this became a perfect case in which
>>> Margin trading worked really to my benefit. I had to hold this stock for a
>>> year or longer to reduce the capital gain tax.
>>>
>>>
>>>
>>>
>>>
>>> *Tyson Burris, President*
>>> *Internet Communications Inc.*
>>> *739 Commerce Dr.*
>>> *Franklin, IN 46131*
>>>
>>> *Office #* *317-738-0320 *
>>> *Cell/Direct #* *317-412-1540 *
>>> *Online: **www.surfici.net* <http://www.surfici.net>
>>>
>>>
>>>
>>> [image: ICI]
>>>
>>> *What can ICI do for you?*
>>>
>>>
>>> *Broadband Wireless - PtP/PtMP Solutions - Mesh Wifi/Hotzones - IP
>>> Cameras - Fiber - Towers - Infrastructure.*
>>>
>>> *CONFIDENTIALITY NOTICE: This e-mail is intended for the*
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>>> *confidential and protected from disclosure. Any review,*
>>> *dissemination or use of this transmission or its contents by*
>>> *unauthorized organizations or individuals is strictly*
>>> *prohibited.*
>>>
>>>
>>>
>>> *From:* AF <[email protected]> *On Behalf Of * Steve Jones
>>> *Sent:* Monday, April 12, 2021 1:02 PM
>>> *To:* AnimalFarm Microwave Users Group <[email protected]>
>>> *Subject:* Re: [AFMUG] OT: penny stocks
>>>
>>>
>>>
>>> I just dont get it
>>>
>>> I reset my account to specific cash amount. I dont understand buying
>>> power, seems like credit.
>>>
>>> The one im toying with is RGBP, if someone can look and tell me what
>>> thinkorswim is letting me do that the real world wouldnt allow
>>>
>>>
>>>
>>> On Mon, Apr 12, 2021 at 11:47 AM Carl Peterson <
>>> [email protected]> wrote:
>>>
>>> It is also pretty easy to look like a genius when markets are going up
>>> an idiot on the way down. Markets have been going up and up and up for a
>>> long long time now. At some point that party will end.
>>>
>>>
>>>
>>> On Mon, Apr 12, 2021 at 11:44 AM Carl Peterson <
>>> [email protected]> wrote:
>>>
>>> What is often missing from play accounts is often liquidity. They
>>> generally assume you can make any trade at wherever the current "price"
>>> is. If you are trading VWAPY that might generally be true. Perhaps not
>>> for VWAGY. Often not when trending $rando penny stock.
>>>
>>>
>>>
>>> On Mon, Apr 12, 2021 at 11:12 AM Steve Jones <[email protected]>
>>> wrote:
>>>
>>> im simply not grasping this
>>>
>>> on the paper trading site, ive made 7500 this morning on 10k i was
>>> playing with. thats 11,000 dollars in 2 days of playing around with
>>> essentially 10,000 up front. There has to be more to this.
>>>
>>> i see on my schwab account if i make more than 4 same day trades in a
>>> week i get flagged as a day trader and need to have 25,000 in my account or
>>> i get a margin call. I dont know what that means, im not buying on margin,
>>> it would be cash.
>>>
>>>
>>>
>>> assuming that I had actually had 10,000 in my real account, would I
>>> really have profited 11,000 in 2 days on 5 trades? (there was some math
>>> mistakes made, I made the same size purchase each time, forgetting that the
>>> increased price lowered the number of stocks i could get for 10k, but
>>> technically the sale would have put enough in to cover the difference)
>>>
>>>
>>>
>>> On Sat, Apr 10, 2021 at 4:08 PM Caleb Knauer <[email protected]>
>>> wrote:
>>>
>>> It works great, right until it doesn't. If it was that easy then we'd
>>> all be wolf of wallstreet.
>>>
>>> On Fri, Apr 9, 2021 at 10:13 PM Steve Jones <[email protected]>
>>> wrote:
>>> >
>>> > So I've been dicking around with the market, trivial amount, 5 shares
>>> per stock. If I had put a lot in Tesco would have done me well.
>>> >
>>> > I have 100 shares of this penny stock, it's a gold backed
>>> cryptocurrency, I watch it bounce a lot throug the day and its followed the
>>> same trend for its couple months existence.
>>> >
>>> > So I set up a paper account and was dicking today with another penny
>>> stock. Set buy and sell limits with about 10,000 in the play money. It made
>>> 4k in 2 rounds. It's just a couple pennies it fluctuates but at 500,000
>>> shares that adds up.
>>> >
>>> > I told the wife and of course she wants me to cash in something and
>>> play with real money.
>>> >
>>> > I'm more inclined to see how the play money performs, I have some
>>> limits on the crypto stock that we will see what happens on monday morning.
>>> >
>>> > I'm thinking to myself there has to be a catch. If it was that simple,
>>> everybody would be doing it.
>>> >
>>> > You guys who mess around probably went through a time where you tried
>>> that kind of trading, and none of you talk about it now, so I assume the
>>> catch is pretty straight forward.
>>> >
>>> > I was looking at my IRA, it's done pretty good at 17 percent. But just
>>> taking 10k of it and playing with this at 1 percent per trading day, that
>>> would be another 27k annually.
>>> >
>>> > I do see why day traders need low latency though, but with limits I
>>> dont see it has a lot of impact.
>>> >
>>> > What's to stop a guy from spending an hour or 2 every morning with a
>>> relatively small amount in the big scheme of things like 10k trading to 1
>>> percent or better and then going to work? 100 bucks a day or more doesnt
>>> seem terrible for an hour.
>>> >
>>> >
>>> > --
>>> > AF mailing list
>>> > [email protected]
>>> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>>
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>>>
>>>
>>>
>>>
>>>
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>>
>>
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