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Misc Stock Market

We ready to get rich today boys? I got stocks up 8% and 5% pre-market. Go oil!
 
I have no problem with a bunch of panicky petes allowing me pick up CPE for less than 50 cents, and I was hoping they would continue to knock down the price of PACD to sub-60 cents. Now PACD up to .79.
 
My Charles Schwab account blocked me for day trading activity yet having a balance under 50k . Said I made to many complete trips within a five day trading period

Well if JNUG and all my oil had hit as planned the 50k might not be an issue


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Storm5 said:
Jimmy , thoughts on JDST it’s almost at a 52 week low


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I got in at 1.40..small play but damn GDXJ is just out of control today. Hoping for a sharp downswing before close
 
Storm5 said:
My Charles Schwab account blocked me for day trading activity yet having a balance under 50k . Said I made to many complete trips within a five day trading period

Well if JNUG and all my oil had hit as planned the 50k might not be an issue


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Did you have to open a new account? Lol I’m pretty sure I’m one infraction away from the same fate lol. What do they expect? Do they want you to hold and take a loss until they tell you have their permission to sell? I think that rule is absolutely ridiculous. I think it’s to keep us in our place honestly
 
Storm5 said:
My Charles Schwab account blocked me for day trading activity yet having a balance under 50k . Said I made to many complete trips within a five day trading period

Well if JNUG and all my oil had hit as planned the 50k might not be an issue


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I thought day trading it was a minimum of $25,000 or is the $50,000 just for Charles Schwab?
 
Jimmy Hypocracy said:
Did you have to open a new account? Lol I’m pretty sure I’m one infraction away from the same fate lol. What do they expect? Do they want you to hold and take a loss until they tell you have their permission to sell? I think that rule is absolutely ridiculous. I think it’s to keep us in our place honestly
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They give you a one time slap of the wrist so it was lifted . If it happens again the account is frozen until I bring it to the 25k or 50 k requirement which ever it is .

Said I can buy as many one day and sell them the next day with no issues . It’s the buying and selling same day more than three times within the five consecutive business days that’s an issue


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Y'all can't freeride the market, lol. You have to wait until funds settle before you use them to buy the security, unless you have a cash position large enough to cover the trade.

If you have $100 and you buy $100 worth of Ford, you now have $0. When you sell $100 of Ford, you now have $100. So far, so good?

Now, if you turn around and buy Ford again with any of that money before the previous sell trade settles, that's a no-no. However, if you had additional cash reserves beyond the $100 that you got from your sale of Ford, and you use THOSE to buy Ford, then you're good.

You have to allow time for trades to settle if you're going to use that same cash to move in and out of the security.
 
Storm5 said:
They give you a one time slap of the wrist so it was lifted . If it happens again the account is frozen until I bring it to the 25k or 50 k requirement which ever it is .

Said I can buy as many one day and sell them the next day with no issues . It’s the buying and selling same day more than three times within the five consecutive business days that’s an issue


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Yep, that's a problem too.
 
Rain Cold said:
Y'all can't freeride the market, lol. You have to wait until funds settle before you use them to buy the security, unless you have a cash position large enough to cover the trade.

If you have $100 and you buy $100 worth of Ford, you now have $0. When you sell $100 of Ford, you now have $100. So far, so good?

Now, if you turn around and buy Ford again with any of that money before the previous sell trade settles, that's a no-no. However, if you had additional cash reserves beyond the $100 that you got from your sale of Ford, and you use THOSE to buy Ford, then you're good.

You have to allow time for trades to settle if you're going to use that same cash to move in and out of the security.
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I'm waiting on funds to hit my Schwab account that I transferred over this last Friday, 4/10...Normally they show in the Schwab acct on Monday...I guess with Good Friday and Easter, it's taking an extra day...It won't go into my acct until tonight...I'll be able to trade tomorrow...Got my eye on several that I'm chompin' at the bit to get
 
Rain Cold said:
Y'all can't freeride the market, lol. You have to wait until funds settle before you use them to buy the security, unless you have a cash position large enough to cover the trade.

If you have $100 and you buy $100 worth of Ford, you now have $0. When you sell $100 of Ford, you now have $100. So far, so good?

Now, if you turn around and buy Ford again with any of that money before the previous sell trade settles, that's a no-no. However, if you had additional cash reserves beyond the $100 that you got from your sale of Ford, and you use THOSE to buy Ford, then you're good.

You have to allow time for trades to settle if you're going to use that same cash to move in and out of the security.
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But what if I sell that stock for a small profit, then I take that profit and buy an additional share of a long range investment at a "cheap" price.....that's a yes-yes. No?:D
 
metwannabe said:
But what if I sell that stock for a small profit, then I take that profit and buy an additional share of a long range investment at a "cheap" price.....that's a yes-yes. No?:D
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Yes yes!
 
metwannabe said:
But what if I sell that stock for a small profit, then I take that profit and buy an additional share of a long range investment at a "cheap" price.....that's a yes-yes. No?:D
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absolutely! But if that long term investment were to tank right after you bought it, you can’t sell it! You are stuck until your funds settle! Sorry for the inconvenience. Enjoy the ride ? Next stop? Bankruptcy!
 
Ok smart people . Apparently USO has a roll date of today what in the bloody hell does that mean ? I only have four days before I dump this POS before the RS


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Storm5 said:
Ok smart people . Apparently USO has a roll date of today what in the bloody hell does that mean ? I only have four days before I dump this POS before the RS


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I dumped UCO today. Such a turd. Then I invested it into an even stinkier turd known as JDST ? fml
 
Storm5 said:
ROFL . I’m starting to believe CPE is a turd as well


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I like it because I don’t have to chase it to load more lol. I think the debt restructuring talk is what’s keeping it on the loading dock for now. I will continue to load and load and load. It’s the only turd I’ve got right now. I like it right where it’s at. It also presents a nice 10-12% day trade opportunity on any given day
 
Storm5 said:
Ok smart people . Apparently USO has a roll date of today what in the bloody hell does that mean ? I only have four days before I dump this POS before the RS


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Commodity futures have contract rolls where they begin pricing off of the next month's contract pricing. It's a little weird. Nothing to worry much about unless you're trading futures.
 
Can someone explain to me what Maintenance required means? I have read several things about it, but I still just don't quite understand it.
 
UCO and CPE are now moving after hours

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Rain Cold said:
Y'all can't freeride the market, lol. You have to wait until funds settle before you use them to buy the security, unless you have a cash position large enough to cover the trade.

If you have $100 and you buy $100 worth of Ford, you now have $0. When you sell $100 of Ford, you now have $100. So far, so good?

Now, if you turn around and buy Ford again with any of that money before the previous sell trade settles, that's a no-no. However, if you had additional cash reserves beyond the $100 that you got from your sale of Ford, and you use THOSE to buy Ford, then you're good.

You have to allow time for trades to settle if you're going to use that same cash to move in and out of the security.
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Unless you have a margin account
 
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