HotStockMarket › Forums › HSM Stock Forum › Stock Market Today › Stock Market Intraday Chat: May 7 - May 11
New Posts  All Forums:Forum Nav:

Stock Market Intraday Chat: May 7 - May 11 - Page 6

post #101 of 806
5/7/12 at 9:22am

2 pts away from a gap fill..8 minutes left

Reply
Reply
post #102 of 806
5/7/12 at 9:25am
Quote:
Originally Posted by Philosuffer View Post

Like I said, it is still not a bad idea to buy UVXY at the open or in the pre market.

While your predictions for UVXY have been completely outlandish, I think you can handle yourself in this trade... however... people that should not touch UVXY are people who have not factored in the premium in May VX to VIX which is still around 4-5% and that will put 4-5% of downward price pressure on the May VX and thus 8-10% on UVXY this week, so in order for UVXY to hold its value, VIX has to pop about 6, 8, maybe 10% this week, and that is just to hold its value. Anyone considering following Philo into this trade who doesn't understand exactly what UVXY is and does will probably have their head served to them on a platter, just fair warning.
Reply
Reply
post #103 of 806
5/7/12 at 9:25am

Just got into UVXY at $15.27...watching this bad boy today...

Reply
Reply
post #104 of 806
5/7/12 at 9:26am

I suggest you take this conversation to the education section or some other thread as it is not fair to ask such questions in this thread and take away the conversation from important stuff.

 

Quote:
Originally Posted by johndoejohndoes View Post

Say I sell a stock on eTrade...how long before I can re-invest the money I get back?

Does it take 24hrs or something?

 

It depends on whether you have cash account or margin account. If cash account, you can buy another immediately but cant sell for 3 days. If it is a margin account, then you should be able to buy and sell immediately, but then you are restricted to only 3 day trades in 5 trading days period if your account value is less than $25k. Do a  google search on the following keywords and read as much as you can.

 

Day trades

Cash account

Margin account

t+2 trade settlement

Reply
Reply
post #105 of 806
5/7/12 at 9:26am
Shorts will take profit seeing that the gap fill neutralized any further easy profits. Longs itching to add on the sidelines will do so and cause a short squeeze and we close green +100 today on the Dow. Just my wild guess lol

Ive learned not to underestimate the power of inflation and huge cash inflows from the rich all over the world.

Bernanke vows to help the US economy and further easing if Europe goes wrong. QE3 more likely now
Reply
Reply
post #106 of 806
5/7/12 at 9:27am
Wow, look at that, France is up 1% now... socialist victory must have been largely priced in.
Reply
Reply
post #107 of 806
5/7/12 at 9:28am

GL johndoe!!

 

set a stop and take profits liberally.

Reply
Reply
post #108 of 806
5/7/12 at 9:31am
Quote:
Originally Posted by Philosuffer View Post

I suggest you take this conversation to the education section or some other thread as it is not fair to ask such questions in this thread and take away the conversation from important stuff.

 

 

It depends on whether you have cash account or margin account. If cash account, you can buy another immediately but cant sell for 3 days. If it is a margin account, then you should be able to buy and sell immediately, but then you are restricted to only 3 day trades in 5 trading days period if your account value is less than $25k. Do a  google search on the following keywords and read as much as you can.

 

Day trades

Cash account

Margin account

t+2 trade settlement

I have a cash account...now I'm getting confused.

If I want to sell this at the end of the day I can't because I have a cash account?

Reply
Reply
post #109 of 806
5/7/12 at 9:33am

My 10% gain prediction from Friday is going to happen today.

 

Yes, that 25%-50% gain prediction I made last night was outlandish but it looked that way last night. I adjusted it this morning and both statements happened before trading resumed so no harm was done.

I am planning to exit UVXY EOD today and I suggested to buy it at pre-market or open only if they plan to exit EOD.

 

Your input is always much appreciated. It keeps me in balance biggrin.gif

 

Quote:
Originally Posted by rando View Post

While your predictions for UVXY have been completely outlandish, I think you can handle yourself in this trade... however... people that should not touch UVXY are people who have not factored in the premium in May VX to VIX which is still around 4-5% and that will put 4-5% of downward price pressure on the May VX and thus 8-10% on UVXY this week, so in order for UVXY to hold its value, VIX has to pop about 6, 8, maybe 10% this week, and that is just to hold its value. Anyone considering following Philo into this trade who doesn't understand exactly what UVXY is and does will probably have their head served to them on a platter, just fair warning.
Reply
Reply
post #110 of 806
5/7/12 at 9:39am

Send a pm to me if you have further questions. You probably bought this with settled cash, which means you can sell it same day without problem.

 

However, if you sold another stock (in the last 2 trading days) to buy this one, then you cant sell it same day as the cash from previous trade is not yet settled.

Quote:
Originally Posted by johndoejohndoes View Post

I have a cash account...now I'm getting confused.

If I want to sell this at the end of the day I can't because I have a cash account?

Reply
Reply
post #111 of 806
5/7/12 at 9:40am
Quote:
Originally Posted by jdox View Post

Just started some longs at 1345
 

 

 

Quote:
Originally Posted by jdox View Post

 



I think we will get back to at least the 1365 area by tomorrow but I will be keeping the stops tight.

 

 

Sold 1/3 of the position at 1365 just because that was my original target but giving the rest some room because it looks like we could have some more upside ahead.

Reply
Reply
post #112 of 806
5/7/12 at 9:43am
Quote:
Originally Posted by Philosuffer View Post

Send a pm to me if you have further questions. You probably bought this with settled cash, which means you can sell it same day without problem.

 

However, if you sold another stock (in the last 2 trading days) to buy this one, then you cant sell it same day as the cash from previous trade is not yet settled.

Dang...that's exactly what I did...I sold BAC in the pre-market to get this in the pre-market...

And now UVXY is down...this is just NOT my day.

Reply
Reply
post #113 of 806
5/7/12 at 9:43am

Looks like that little morning flush may have hit the stops to the downside, I would like to see a retest of some support, then possibly go for some calls of some kind...

 

AAPL, Im looking at you.

Reply
Reply
post #114 of 806
5/7/12 at 9:54am
Quote:
Originally Posted by johndoejohndoes View Post

UVXY is down...this is just NOT my day.

Don't follow others into trades, especially into derivative of derivatives, unless you first understand exactly what the instrument you are trading does. You might get a green exit, but to be safe, you need to figure out how to set a stop at a price you can live with (tomorrow), or today you might find an offsetting position to help nullify potential further losses. Tricky game this.
Reply
Reply
post #115 of 806
5/7/12 at 9:55am
Quote:
Originally Posted by StockJock-e View Post

Looks like that little morning flush may have hit the stops to the downside, I would like to see a retest of some support, then possibly go for some calls of some kind...

AAPL, Im looking at you.

We already found our first area of potential resistance in low 1360s, in the area of Friday low and the 4 hour POC at 1365ish which was a huge magnet Friday.
Reply
Reply
post #116 of 806
5/7/12 at 9:57am
Quote:
Originally Posted by rando View Post


Don't follow others into trades, especially into derivative of derivatives, unless you first understand exactly what the instrument you are trading does. You might get a green exit, but to be safe, you need to figure out how to set a stop at a price you can live with (tomorrow), or today you might find an offsetting position to help nullify potential further losses. Tricky game this.

Thanks...I appreciate the advice.

Everyone in this forum is really helpful.

Reply
Reply
post #117 of 806
5/7/12 at 10:11am
Quote:
Originally Posted by johndoejohndoes View Post

Thanks...I appreciate the advice.

Everyone in this forum is really helpful.

 

We are just pretending to be nice, as soon as you hit the 100 post count, we turn on you! biggrin.gif

Reply
Reply
post #118 of 806
5/7/12 at 10:14am

I'd rather you turn on me than the stock market laughing.gif

Reply
Reply
post #119 of 806
5/7/12 at 10:20am

I'd rather you turn on me than the stock market laughing.gif

Reply
Reply
post #120 of 806
5/7/12 at 10:21am

You will be okay my friend, things are not as bad as they seem.

 

You probably bought about 45 shares of UVXY, even if you lose a $1 per share that would be $45 while the trading costs it self can be $20. Those are not significant in the big picture.

 

One should be happy always to pay a small price to learn a big lesson. That said, you may break even or even exit in green. So, relax and keep your calmness.

I think you can sell it on Thursday.

 

Quote:
Originally Posted by johndoejohndoes View Post

Dang...that's exactly what I did...I sold BAC in the pre-market to get this in the pre-market...

And now UVXY is down...this is just NOT my day.

 

Quote:
Originally Posted by johndoejohndoes View Post

Thanks...I appreciate the advice.

Everyone in this forum is really helpful.

Yes, everyone here is nice but you will see some nasty comments once you become part of the family biggrin.gif

We just have a tradition of treating guests very nicely!

Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Stock Market Today
HotStockMarket › Forums › HSM Stock Forum › Stock Market Today › Stock Market Intraday Chat: May 7 - May 11