Message from @Flippityflop
Discord ID: 701667384045469717
the market was short most of the day. so they probably had FOMO and took shitty entries
@Vin_Farren yeah. different brokers have different ways to access them. i use TD Ameritrade and use ThinkOrSwim. lemme show you
Gang
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
Interesting
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
once it is, i'll get realtime quotes like i do on equities and options
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
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
on oanda, where i trade FX, you can use their custom desktop app, mobile app, website, or 3rd party MT4 app
You pay or 0% commission?
0%
Dank, just the way I like it
word.
It gets taxed like a normal stock right?
i think they actually make money by skimming some off the top if they find a slightly better trade to execute against
This is my cash cow rn
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
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?
hello sir!
Havent decided, will probably scalp with half my shares
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
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
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
Also I’m 15 you don’t need to call me sir
So should be a nice bump when it rolls around
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
@Flippityflop sorry sir
Noooooo, I’m not even an adult yet
it's all good 🙂
Sir
Heh
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
The only sirs here are the admins
i hope you're right. the problem with earnings reports is they cause a lot of volatility for bag holders just before them, and then all the volatility disappears right after. and if you're on the wrong side of the trade...
i mean if you're long for years, it doesn't matter, as long as you think the company won't die
but it matters for swing traders
@Vin_Farren also, don't be overly lured with 24hr trading. the volumes are low. that volume is done mostly by algos and professional traders
the best cahnces are during NY trading hours