Message from @John Cavil

Discord ID: 701664761091326023


2020-04-20 05:16:08 UTC  

Help

2020-04-20 05:16:10 UTC  

yes, the S&P500 futures are actively trading right now

2020-04-20 05:16:42 UTC  

I've been looking for a market that doesnt close, I was gonna go foreign exchange or crypto

2020-04-20 05:17:03 UTC  

I’m just going to log off till I’m sober bc I’m hella confused

2020-04-20 05:17:42 UTC  

S&P500 futures markets don't really close either

2020-04-20 05:17:56 UTC  

Investment and trading markets Elite

2020-04-20 05:17:57 UTC  

they have brief pauses. technically they "close", but it's brief

2020-04-20 05:18:07 UTC  

all the futures markets are like that

2020-04-20 05:18:11 UTC  

I just hate waiting the weekends

2020-04-20 05:19:33 UTC  

in this very last minute, the S&P500 e-mini futures (/ES symbol) just traded a volume of 64. minutes 1 and 2 before that were 107 and 188. a few minutes earlier it was 386. so it's low volume right now and has sporadic volume spikes

2020-04-20 05:19:48 UTC  

ES are the most popularly traded sp500 futures

2020-04-20 05:20:02 UTC  

Glock 19 Gen5 or Sig Sauer SP2022

2020-04-20 05:20:37 UTC  

I don’t think he’s talking ab guns

2020-04-20 05:20:54 UTC  

Beside that should go in <#691771388423307386>. Gn y’all

2020-04-20 05:21:03 UTC  

Night

2020-04-20 05:22:30 UTC  
2020-04-20 05:23:12 UTC  

@Vin_Farren by comparison, friday market actually had more volume in the 1 minute before open than the almost all the rest of the day (per minute)

2020-04-20 05:23:53 UTC  

volume in that minute was 21728. on opening minute, it was 11186

2020-04-20 05:24:09 UTC  

Jesus fuck

2020-04-20 05:24:27 UTC  

I imagine they have apps for it too? My access to a computer is limited

2020-04-20 05:25:15 UTC  

yeah, but in the minute just before close, day traders who were bag holding all sold their short positions and probably lost money. they pumped the market up in that last minute and had a volume of 64643

2020-04-20 05:25:43 UTC  

the market was short most of the day. so they probably had FOMO and took shitty entries

2020-04-20 05:26:18 UTC  

@Vin_Farren yeah. different brokers have different ways to access them. i use TD Ameritrade and use ThinkOrSwim. lemme show you

2020-04-20 05:26:32 UTC  

Gang

2020-04-20 05:28:12 UTC  

i zoomed in on the last few minutes of the day and first few minutes of aftermarket trading. you can see that the volume just dies, even though markets are open

https://cdn.discordapp.com/attachments/691770775010541651/701665506226339890/unknown.png

2020-04-20 05:29:01 UTC  

Interesting

2020-04-20 05:29:12 UTC  

it says partially delayed data in the upper left, but that's because my contract to trade futures/forex/commodities hasn't been approved yet

2020-04-20 05:29:25 UTC  

once it is, i'll get realtime quotes like i do on equities and options

2020-04-20 05:30:42 UTC  

that's just one of the screens. i don't keep a lot on it yet. i only want to trade a single instrument atm, but i do plan to have about 2 views on the instrument at a time (zoomed out 1m candle chart) and a zoomed in 1m candle chart. maybe 5m during lower volume times

2020-04-20 05:31:21 UTC  

if you use interactive brokers, you can use DAS Trader or Sterling trading software. basically you get more options there, but you have to pay for those apps

2020-04-20 05:31:58 UTC  

on oanda, where i trade FX, you can use their custom desktop app, mobile app, website, or 3rd party MT4 app

2020-04-20 05:33:09 UTC  

You pay or 0% commission?

2020-04-20 05:33:39 UTC  

0%

2020-04-20 05:33:47 UTC  

Dank, just the way I like it

2020-04-20 05:33:52 UTC  

word.

2020-04-20 05:33:59 UTC  

It gets taxed like a normal stock right?

2020-04-20 05:34:06 UTC  

i think they actually make money by skimming some off the top if they find a slightly better trade to execute against

2020-04-20 05:34:24 UTC  

https://cdn.discordapp.com/attachments/691770775010541651/701667065353994250/Screenshot_20200420-083414_Robinhood.jpg

2020-04-20 05:34:28 UTC  

This is my cash cow rn

2020-04-20 05:34:37 UTC  

so if you trade huge volumes, it could actually be worth your money to pay a slight commission somewhere. but at small volumes, free is better

2020-04-20 05:35:37 UTC  

nice. i never heard of CODX before, but a trader i watch did some day trading against them. you hold on them or day trade?