Message from @John Cavil

Discord ID: 701666989562658816


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?

2020-04-20 05:35:40 UTC  

Howdy brothers

2020-04-20 05:35:47 UTC  

hello sir!

2020-04-20 05:36:39 UTC  

Havent decided, will probably scalp with half my shares

2020-04-20 05:38:22 UTC  

sounds legit. i've got 4 strategies i want to try, with the first one being a 1-tick scalp with a 1-tick stop loss on the ES futures

2020-04-20 05:39:00 UTC  

and my strategy for entry is pretty basic too. i forget what the pattern is called, but it's supposedly a pretty high probability entry strategy

2020-04-20 05:39:33 UTC  

CODX is responsible rn for like 70% of my earnings on the market, they have a call for their earnings on the 15th of may set at $30

2020-04-20 05:39:58 UTC  

Also I’m 15 you don’t need to call me sir

2020-04-20 05:40:10 UTC  

So should be a nice bump when it rolls around

2020-04-20 05:40:15 UTC  

after i feel a bit comfortable finding entry points, which might take anywhere from days to weeks, then i'll change my strategy for the trades themselves to a hybrid: some scalpers and a trailing stop-loss runner

2020-04-20 05:40:30 UTC  

@Flippityflop sorry sir

2020-04-20 05:40:53 UTC  

Noooooo, I’m not even an adult yet

2020-04-20 05:40:58 UTC  

it's all good 🙂

2020-04-20 05:41:01 UTC  

Sir

2020-04-20 05:41:15 UTC  

Heh

2020-04-20 05:41:48 UTC  

Yeah I also have a grand in some lucrative long term holds I reckon so I'll see what comes of that in six months

2020-04-20 05:41:50 UTC  

The only sirs here are the admins