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Stock Thread (20 Viewers)

Wooderson said:
I just can't shake the thought that this doesn't apply to all of us. Sorry to beat a dead horse. 

Pattern Day Traders

Investors who regularly engage in day trading may be considered "pattern day traders." According to the SEC, a pattern day trader executes four or more day trades within five business days, with day trades accounting for more than 6 percent of the customer’s total trades for that period. Pattern day traders must maintain a minimum account balance of $25,000 and can trade only in margin accounts. Margin accounts let traders borrow money to invest, which increases risk and potential losses.
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A day trade is coming in and out of a position in the same day. Not sure many here are doing that.

 
Wooderson said:
I just can't shake the thought that this doesn't apply to all of us. Sorry to beat a dead horse. 

Pattern Day Traders

Investors who regularly engage in day trading may be considered "pattern day traders." According to the SEC, a pattern day trader executes four or more day trades within five business days, with day trades accounting for more than 6 percent of the customer’s total trades for that period. Pattern day traders must maintain a minimum account balance of $25,000 and can trade only in margin accounts. Margin accounts let traders borrow money to invest, which increases risk and potential losses.
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That's the message I get when I make a roundtrip trade. I only do it a few times a year. Unless you do it several times within a week, you're fine. I don't want to jump through the hoops that are necessary to be classified as a day trader. Plus having a real job means that if I day-trade, I'm going to lose money. You have to be vigilant if you go that route.

 
Harris said:
A day trade is coming in and out of a position in the same day. Not sure many here are doing that.
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Really. I've done just that.  

Maybe this just applies to me. Reading posts it sure seems people are being that active. Maybe it's just talk. 

 
pecorino said:
That's the message I get when I make a roundtrip trade. I only do it a few times a year. Unless you do it several times within a week, you're fine. I don't want to jump through the hoops that are necessary to be classified as a day trader. Plus having a real job means that if I day-trade, I'm going to lose money. You have to be vigilant if you go that route.
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Right if I have to do all that I just won't day trade. I can't commit to that. 

 
The Lost One said:
I gotcha, so is GLPI worth getting into now or did i miss the boat there?
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He gave his 52 week target up thread.... you can use that info to calculate your own answer. 

Note that any targets like that are personal speculation. Educated speculation on behalf of Todem, but nothing is guaranteed. 

 
I am an idiot. I had 20,000 shares of CYDY at $1.00. Then it quickly went to around 80 cents. I crapped my pants. it got back to a buck and I sold half, figured I was too heavily invested in this stock for my appetite. It went down to around 95 cents then back up to 1.05 and I sold my other 10,000 - figured I could play this like an ATM and get back in at 90 or 95 cents. Argh. I'm a chicken #### - I lost so much potential profit.

Back in at 2.05. Holding for $100 (GTC in)

 
Man this CYDY just cant settle on a price today eh?  

My vacation ends tomorrow guys.  Sorry I have been annoying.  Much less chatter from me from here on out (sad I know right).

Learned a lot the past week and a half.  It hasn't amounted to much yet, but hopefully it will in the future

My biggest holding is CYDY, haha

 
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ghostguy123 said:
Man this CYDY just cant settle on a price today eh?  

My vacation ends tomorrow guys.  Sorry I have been annoying.  Much less chatter from me from here on out (sad I know right).

Learned a lot the past week and a half.  It hasn't amounted to much yet, but hopefully it will in the future
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First thing in the morning, the spike got the attention of the momentum and day traders. Seen this movie a million times on stocks like this. It sells off after open and now it will either start a  march upward or go back to where it came from. All depends on if it is a success or not. 

 
Wooderson said:
Right if I have to do all that I just won't day trade. I can't commit to that. 
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Registering is easy. You will be asked a lot of questions as part of the application. If you want the application to be approved, you should have a good idea on how to anseer.

I got registered a few years ago and while I seldom need it, its nice to have when things get volatile and I make numerous moves in a day.

 
Wooderson said:
Right if I have to do all that I just won't day trade. I can't commit to that. 
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I hear you. BTW,  I've followed the markets for over 40 years, and my first "trade" was February. 

You've probably heard of 'lazy' investing, where you buy 3-5 funds, rebalance once a year, and be done with it. Works, too. I'm working on 'lazy' trading. Sounds like a non sequitur,  but I think there's a way to capture additional return with much less effort than all-day monitoring requires. Will update when I flesh this out.

 
Random said:
I believe he is trading in his 403b.
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These are the things I've been curious about. People that are trading with in mutual fund accounts vs people like me the are just using a regular online brokerage account. Like was mentioned above are people concerned with short term capital tax. Are people concerned with not being a registered day trader. A lot of talk about buy this or that now get out of it now and then get back in..... but no talk about what goes along with all that. 

 
I think I'm just going to buy stock and hold for more then 24 hours to about day trader worries. I will still have to deal with short term capital tax but not much I can do about that. 

 
Wooderson said:
These are the things I've been curious about. People that are trading with in mutual fund accounts vs people like me the are just using a regular online brokerage account. Like was mentioned above are people concerned with short term capital tax. Are people concerned with not being a registered day trader. A lot of talk about buy this or that now get out of it now and then get back in..... but no talk about what goes along with all that. 
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I think it's assumed that we already know the basics. That stuff is investing 101 day 1.

 
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ghostguy123 said:
My biggest holding is CYDY, haha
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This is a relevant sentence. As the price skyrockets (as we hope), it actually does make sense to rebalance. Not only do you lock in profits, but it allows you to either hold cash to buy more on a dip or to spread it out elsewhere. I took 10% of my shares off the table, not to lock in any specific profit (although that's nice) but because it's making up almost 40% of my Roth which is too much. If anything, I'd like to spread out the shares between the Roth and my 403b but Vanguard won't let me buy it yet. If it goes mainstream and I can get it in my 403b, I'd shift some there, too. I don't like the tax implications but I also don't like having such a large slice of my Roth in only one highly speculative company. It's a great problem to have, though.

 
pecorino said:
This is a relevant sentence. As the price skyrockets (as we hope), it actually does make sense to rebalance. Not only do you lock in profits, but it allows you to either hold cash to buy more on a dip or to spread it out elsewhere. I took 10% of my shares off the table, not to lock in any specific profit (although that's nice) but because it's making up almost 40% of my Roth which is too much. If anything, I'd like to spread out the shares between the Roth and my 403b but Vanguard won't let me buy it yet. If it goes mainstream and I can get it in my 403b, I'd shift some there, too. I don't like the tax implications but I also don't like having such a large slice of my Roth in only one highly speculative company. It's a great problem to have, though.
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Vanguard let me buy it. I own it in my Roth.

 
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Todem said:
Yes....CCL is on my hit list and the only airline I will dip into is DAL. 

For everyone. This is my master buy list for next week and no surprises here except a few I have not listed yet. I wanted to research them a lot harder.

AMZN

AAPL

GOOGL

NFLX

FB

INTC

HD

CSCO

EXC

LMT

MSFT

PFE

PG

TGT

CAT

PM

MCD

YUM

DOW

BRK'B

DEO

GIS

JPM

PFE

UTX

EMR

VZ

T

GCV

PEO

ADX

Here are some high fliers we will take positions in:

NXPI

CYBR

Here is the stressed travel, leisure and gambling casino/paramutual stocks we are going in on:

GLPI - Already have a 50% position going all in next Re-Test 

WYNN

DAL

CCL

CHDN

FUN

Already fully in:

BA - at the freaking lows baby.

Let’s do this!!!! I expect next week to be a blood bath Re-Test. 
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Are there any of these that you really love more than others? What target prices are you looking for on those? I'm going to buy and hold so trying to follow your patient approach.

 
Wooderson said:
I think I'm just going to buy stock and hold for more then 24 hours to about day trader worries. I will still have to deal with short term capital tax but not much I can do about that. 
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Keep in mind that if you owned 500 shares of CDCY this morning, bought 500 at the open, and sold 500 20 minutes later, you didn't day trade, you sold your previously owned shares.

 
Polish Hammer said:
Are there any of these that you really love more than others? What target prices are you looking for on those? I'm going to buy and hold so trying to follow your patient approach.
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The list is my absolute top conviction core holdings. The high fliers and airlines and cruise picks are pure speculation plays. 

I love all those. You have yourself a well diversified portfolio with that list. 

 
pecorino said:
Vanguard says that since it is OTC, I need to call them to do the trade. The last time I did that (damn you, cobalt!) they charged me $50 for the trade.
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Oh, you know what? I think that's right. I had to do that. But they didn't charge me for it, and they said I only had to do it that one time. I shouldn't have to do it again. If I'm remembering correctly.

 
I would just like to say a big thank you to @Todem (and other pros here that I don't know are pros) for all of his advice and tips in this thread. As a professional at this I know there are many clients paying him a lot of money for this type of advice and he's in here replying to bunches of our posts whether they are knowledgeable or coming from first-time trade guys with no experience. While the market is open nonetheless.

Providing a huge shopping list of stocks to look into and evaluate is an amazing gift for amateurs like me and others here I am sure, as well as discussing timing and thoughts on the future of the market. I know this is gambling but it's at least more educated gambling thanks to him and others alike.

Thanks Todem!  :thumbup:

 
Wooderson said:
These are the things I've been curious about. People that are trading with in mutual fund accounts vs people like me the are just using a regular online brokerage account. Like was mentioned above are people concerned with short term capital tax. Are people concerned with not being a registered day trader. A lot of talk about buy this or that now get out of it now and then get back in..... but no talk about what goes along with all that. 
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Not much at all. You will have fewer restrictions on your actions dealing with highly volatile instruments. Once you sign off that you are knowledgeable enough to handle it without the training wheels, they'll let you. That's it. 

 
pecorino said:
That's the message I get when I make a roundtrip trade. I only do it a few times a year. Unless you do it several times within a week, you're fine. I don't want to jump through the hoops that are necessary to be classified as a day trader. Plus having a real job means that if I day-trade, I'm going to lose money. You have to be vigilant if you go that route.
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Its not really any trouble. You will fill out online forms and have required funding. I am not a day trader, but sometimes, esp. in a very volatile market, I make trades like a day trader would make. But I don't have to worry about that now, and just make the trades I want without worrying about getting restricted out of making a trade I really need to do. 

 
dkp993 said:
I’m so conflicted,  I have shares at 3 different price points with the highest price turning 2x. I really believe in the upside with CYDY so I’m in long but wondering if I should take my 2x and buy some SPY while it’s where it is. 
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Depends what percentage of your portfolio this makes up. For me, I'm holding until Chet sells. 

 
fantasycurse42 said:
Depends what percentage of your portfolio this makes up. For me, I'm holding until Chet sells. 
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I’m a complete novice and just started investing, outside of my 401(k), within the last six months. This is basically a fun money, experimental, learning opportunity. So CYDY makes up a huge portion of my non 401 portfolio.  It’s also the only single stock I own. The others are index funds like SPY.  

 
commoncents said:
Started up a position on Tuesday for oil tankers. I also followed Kuppy's blog and read the six or seven posts that he had on the subject dating back to early 2019. I'm currently in:

DHT, EURN, TNK, INSW and have smaller positions in NAT, STNG and DSSI. Followed Kuppy's advice to go with a basket of companies as the industry's management has historically been inept, destroyed shareholder value, and has questionable morals. Just writing that all out, it seems like a no go, but it's very difficult to ignore that management has been buying back shares and insiders are purchasing stock.

This was a Bloomberg article from yesterday touching on the lack of storage space for the oil glut. Bloomberg

These large VLCC's break even at around $30 - $35K/day. YTD they are at $80.5K. 3 weeks ago they were at $217K; last week $183K; this week $143K. Rates

Huge opportunity moving forward, especially if Saudi's continue to pump and/or lockdown is longer than expected. Supply will get constrained and then these tanker companies stand to benefit.
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Just wanted to bump this for those who may have missed this amidst the CYDY mania. The oil contango is a bonanza that the market hasn't fully caught up to this, but it has with the decent pop this past week. There still is ample room for the industry to run. The oil glut is here to stay for a while.

Tanker rates rise

 
dkp993 said:
I’m a complete novice and just started investing, outside of my 401(k), within the last six months. This is basically a fun money, experimental, learning opportunity. So CYDY makes up a huge portion of my non 401 portfolio.  It’s also the only single stock I own. The others are index funds like SPY.  
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If it's fun money that you're okay losing, let it ride. For a typical investor, especially right now, I wouldn't recommend more than 1% of net worth on something this risky, especially when cash is king in an environment like this. Chet obviously has more funds than most and can withstand a slightly higher risk than most on a ticker like this. 

 
commoncents said:
Just wanted to bump this for those who may have missed this amidst the CYDY mania. The oil contango is a bonanza that the market hasn't fully caught up to this, but it has with the decent pop this past week. There still is ample room for the industry to run. The oil glut is here to stay for a while.

Tanker rates rise
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In honor of the FBG 1999 All-Stars

I own 500 shares of FRO

 
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