stonks!

thanks @Knordox

No problem

Hell yeah

So we don't flood main

ya man

i felt like i was spamming in there

@Vin_Farren btw, if you're interested in trading the futures without those huge margin requirements, look at https://ninjatrader.com/blog/trade-futures-with-less-capital-micro-e-mini-futures/. that's a very popular broker for day trading, and they use a good software afaik

you only need $500 of margin plus whatever you need for the actual trade

Ooh thank yiu

You?

i'm stuck at TDA. it's a company policy thing. i may violate the policy in the future, but i don't need to yet

and btw, when you're getting your feet wet, you can do it in the e-micros. that's what i'm going to do. only downside is that there's less liquidity

someday, that'll likely change though

just checked charts. e-micros have about 1/3 the daily volume of e-minis, but we're still talking like 1m vs 3m

sometimes 2m vs 4m

and sometimes 1.7m vs 5m

looking back historically over the last year, this volume is due to corona. typical trading volumes for both instruments are about 1/4-1/3 less

@Vin_Farren also, i totally misunderstood how trading them works. the price is NOT 2800'ish

the price is whatever margin the broker makes you pay to "promise" you have enough money to do the trading

on TDA, to trade e-mini, you need 13.2k per contract. on ninjatrader, you need 500 bucks

TDA has a 2.25 commission on trading futures plus exch fees. NT has 2.54 all-in for mini and 61 cents for micros

damn. welp, i'm gonna get started on the NT account so i can move futures trading off TDA soon'ish

anyway, gn

gl on your trading!

still testing out my strategies. i traded against Delta stonk today. i put up $238 of capital and set my risk/reward to 1:1 with a 25 cent move on 10 shares. when prices finally reached my LMT, i ended up profit 3.19 for the day. not a lot, but i'm just testing the entry/exit strategy and not looking yet at the good movers

I'm up $900 and I'm waiting for that sweet after hours

nice.

i went ahead and bought ninjatrader software for all brokers, and i applied for a futures account with one of their partners.

NT will hook up to my existing TDA and oanda accounts and my new futures brokers

don't know exactly which day of the week i'll finally be able to trade futures

Goddamn oil looks mighty good to get in rn

ha, ya

negative money!

Crude oil is fucking tanking

ya

it was negative money yesterday. no idea what it's doing today

freakin' taking forever before i get approved for futures markets so..

Gold ETFs like PERTH are the move

which way

it's taking forever to get ninjatrader working b/c i'm still waiting for approvals from TDA and another FCM for futures trading. and until the secondary FCM approves me, i can't even get NT connected to my FX broker... kinda intertwined there

so for now: continuing to use TOS for stock trading. moved to my big system where i can have two views of the instrument open at once, along with a signal indicator, in case i want to use it

i was also just running out of memory with my laptop. gonna have to up my game once i make my money back on the software

For gold im waiting for it to drop then buying up more and enjoying the ride. Bought up a bunch before the dow began crashing because I thought it was gonna happen eventually and inflation would skyrocket.

Looks like I wasnt wrong

For AAAU I have my a small buy at 16.65 a medium buy at 16.50 and a large buy at 16.30. I don't have plans to sell any time soon

ah

i bought gold back in late 2014, iirc

i've still got it

i thought i had applied to futures trading through TDA, but i don't think i did after reviewing my acct. hmm

well, applied now! aaaaand i'm out. gn all!

btw, i don't think inflation will skyrocket

anyway, gn!

Inflation will depend on if they pay back the trillions they made appear out of thin air. If they do then we are fine, but if not then we gonna have problems

are you referring to QE? the thing about QE is that it does not enter the marketplace very easily

so the velocity of money can't take effect easily

i personally think the stock market is going to continue tanking throughout may, but i don't know exactly how much. i want to get into a long position with 100 shares of VOO (vanguard total stock market ETF).

since i'm thinking it'll go down, i just sold a cash-secured put at 225 strike (VOO is at 257.30 right now) so that if it goes down and i get assigned, i'll get an extra 2.05 per share as a discount

anyone trading stonks today? i practiced on the futures market last night using paper money (fake money but realtime data) and made like $875 using the strategy and setups i'm planning to take). but the FCM needs approval from my company since i work for a prop shop. should be okay, but now i've gotta talk to compliance

i "got" that money in like 30-45 mins of work

I bought some options

That's about it, made a few hundreds

I put in for my long term strat so I'm looking at a 60k gain

60k on what kind of trade?

i'm expecting my daily gains to be much lower when i finally get access to the markets. but over 2-3 months, i'm hoping to look at a number like that... probably not immediately, since i won't put up much capital until i'm confident with my strategy in the real markets

A mix of contrats and regular stock

If all goes welp

Well*

ah, cool. speculation?

my speculation is that s&p is going down in the next couple months and so i sold a cash-secured put

since i really want to be in the market but want to get a discount

More of they have their earnings call on the 13th and the contract runs till the 15th, and there a staple now in coronavirus test kits so earnings should be very good

maybe. contracts expiring 2 days after will have a massive theta decay

people might be a lot less interested in them so close to expiration

That's why mine will be turning into shares well before

It's worked before so hopefully it will again

Jokes on all of you I’m going to join the CIA and run the drug trade in the name of USA

Ok have fun with that kid

If I can get a 50k to 80k profit from this imma start a business

On a serious note I’m thinking of buying stocks but I can’t decide what companies

You dont have to be 18 for it?

Not that I’m aware of.

Pretty sure you have to be cause you gotta file it with your taxes

I already have to do taxes bc I’m sorta a dependent but w/ my income it puts us above something that makes me have to do taxes. It has to do with my family’s total income

@Vin_Farren well, if it's worked before, maybe later you could explain it to me? if there's a solid profit-making idea that is high probability of winning, i'd love to hear it and keep it in my book of things to try

you do have to be 18 to trade stocks... UNLESS it's with a guardian account, i believe

so if your parents setup an account for you, i think you can trade

Well looks like I’m a criminal

how did you get approval? you have to be 18 to enter contracts

unless, of course, you have parental approval

Idk. I put my info in there- dob name anb ig my gramps did so the approval

is it an off-shore broker?

because if it is, i could believe maybe they let you skirt around that

" anb ig my gramps did" <== i didn't understand this part?

My grandfather did the approval according to my acc

ah ok. so you did get guardian approval

that makes more sense then

Yeah apparently. I don’t remember doing that tho

so yeah, all above board. if you make money, now you get to fill out taxes for yourself

welcome to adulting!

I just made ab 30$ on Snapchat stocks