Message from @John Cavil
Discord ID: 702405204108247131
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
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