NintendoAge http://nintendoage.com/forum/ -Sqooner Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-06-05T06:55:03 -05.00 jonebone 488
That is some seriously bad news, at least for awhile, and overnight market is pushing for a 27% drop on open for nuking the dividend.

How has your price target changed? Exit plans changed at all? ]]> Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T14:57:43 -05.00 jonebone 488 Originally posted by: rlh
 
Originally posted by: arch_8ngel
You do you.  But I think it is a bad idea.

I think you are missing the point of how much extra risk a short position can carry, though, versus how much you THINK you're putting at risk.
(i.e. it isn't as straightforward as buying long positions where your investment is your maximum risk on any given purchase)

 
I do understand.  And, in fact, I'd never invest just short sales.  But, there's something to be profited to reading, reading, reading the data paying attention to hype over substance and being patient to watch the hype run thin.  Yes, though, shorts are very dangerous.  That's why I'd never strictly invest in shorts but I also would like to have the option.
If you want the option, you just need a normal taxable investing account with a major brokerage.   
(can't trade shorts, options, or margin in a 401k or IRA of any kind)


I still wouldn't recommend it, though, since it's the kind of market timing behavior that is statistically more likely to cause you trouble in the long run versus keeping it boring.



In your fantasy trading, did it take the realistic costs (and even availability) of shorting into account?
Because what you're talking about (finding "obvious" peaks) tends to involve conditions where shorting may not even be possible/practical due to lack of availability. ]]> Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T14:54:41 -05.00 jonebone 488 Originally posted by: arch_8ngel
You do you.  But I think it is a bad idea.

I think you are missing the point of how much extra risk a short position can carry, though, versus how much you THINK you're putting at risk.
(i.e. it isn't as straightforward as buying long positions where your investment is your maximum risk on any given purchase)

  I do understand.  And, in fact, I'd never invest just short sales.  But, there's something to be profited to reading, reading, reading the data paying attention to hype over substance and being patient to watch the hype run thin.  Yes, though, shorts are very dangerous.  That's why I'd never strictly invest in shorts but I also would like to have the option. ]]> Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T14:51:10 -05.00 jonebone 488 Originally posted by: rlh
 
Originally posted by: arch_8ngel
 
Originally posted by: rlh
 
 
Any recommendations for a company that allows short selling?
I'd recommend taking to heart the old addage "the market can stay irrational longer than you can stay solvent".


Short selling is one of the relatively few ways that a sour investment can be worse than a traditional investment "going to zero"...
 

Well, I've done well in the past with "fantasy stock" short-sale portfolios, plus I wouldn't "bet the farm" on shorting a stock.
You do you.  But I think it is a bad idea.

I think you are missing the point of how much extra risk a short position can carry, though, versus how much you THINK you're putting at risk.
(i.e. it isn't as straightforward as buying long positions where your investment is your maximum risk on any given purchase)

  ]]> Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T14:41:58 -05.00 jonebone 488 Originally posted by: arch_8ngel
 
Originally posted by: rlh
 
 
Any recommendations for a company that allows short selling?
I'd recommend taking to heart the old addage "the market can stay irrational longer than you can stay solvent".


Short selling is one of the relatively few ways that a sour investment can be worse than a traditional investment "going to zero"...
 
Well, I've done well in the past with "fantasy stock" short-sale portfolios, plus I wouldn't "bet the farm" on shorting a stock. ]]> Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T14:33:57 -05.00 jonebone 488 Originally posted by: rlh
 
 
Any recommendations for a company that allows short selling? I'd recommend taking to heart the old addage "the market can stay irrational longer than you can stay solvent".


Short selling is one of the relatively few ways that a sour investment can be worse than a traditional investment "going to zero"...
  ]]> Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T14:31:10 -05.00 jonebone 488 Originally posted by: tbone3969

I guess the old saying is true, "you get what you pay for". I can only go by my experience of buying a couple thousand dollars worth of stocks a year. I am a very small fish in a huge pond. I don't mess with options either. So for me Robinhood has been perfect. On small amounts, I'm sure the front-running isn't cost you much, and for most transactions is probably "cheaper" than paying an explicit transaction fee.

I just don't trust the competence of their management (from the checking account regulatory issue), so I'd never trust them with my money.

  ]]> Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T14:30:12 -05.00 jonebone 488 Originally posted by: jonebone
 
Originally posted by: hammerfestus

Any recommendations for a platform from which to get into buying stocks? As someone with no knowledge of how any of this really works it all looks the same to me and I would assume cheaper transaction fees are better but I'm sure that's not strictly true. I doubt that I would do enough trading to make that a significant factor and I'm wondering what sort of other fees I could expect?
If you're looking for pure stock trading, Fidelity is pretty cheap at $4.95 per trade (what I use).  Firsttrade is a relatively newcomer that offers $0 trades but doesn't have quite as pretty of a user interface or knowledge apps.  If you're looking for starting a Roth then either Fidelity or Vanguard is what I'd recommend (I have a Vanguard Roth). Any recommendations for a company that allows short selling? ]]> Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T13:50:33 -05.00 jonebone 488 Jonebone's Stock Trading / Investing Thread http://nintendoage.com/forum/messageview.cfm?catid=7&threadid=44454 2019-04-24T13:41:36 -05.00 jonebone 488 Originally posted by: tbone3969
 
Originally posted by: arch_8ngel
 
Originally posted by: tbone3969
 
Originally posted by: hammerfestus

Any recommendations for a platform from which to get into buying stocks? As someone with no knowledge of how any of this really works it all looks the same to me and I would assume cheaper transaction fees are better but I'm sure that's not strictly true. I doubt that I would do enough trading to make that a significant factor and I'm wondering what sort of other fees I could expect?
Use Robinhood.  Its 100% free stock trading at it's finest.  I used to use ETRADE before finding Robinhood.  PM coming.  If you use my referral we both get one free stock.  Usually a $5 stock but there is a 1/250 chance to get Apple or Berkshire Hathaway.
 
Is Robinhood still mobile-only?  Seems like a major pain-in-the-ass versus having the trading platform on your computer monitor.


Robinhood had some major fuck-ups recently where they offered a banking product without getting all of the regulatory compliance right.
That one event concerns me enough with their competence that I wouldn't keep any meaningful amount of money with them.

I believe it is also on PC now as well although I only ever use the mobile app.

https://www.forbes.com/sites/karlkaufman/2018/03/27/free-bro...
 
Just for reference:  some of the concerning news about Robinhood

The real reason Robinhood is "free" to use: 
(i.e. they sell your order flow to front-runners -- classic case of if you're not paying money YOU are the product rather than the customer)
https://seekingalpha.com/article/4212397-robinhood-high-frequency-trading-scandal-plot-thickens

Some kind of options-trading screw-up:  (not that I would recommend anyone trade options, in general, but it speaks to their team not being fully aware of what it takes to run a trading platform)
https://www.businessinsider.com/robinhoods-options-trading-shutdown-and-customers-are-furious-2018-12

This is the snafu where they improperly tried to introduce a banking product:
https://www.axios.com/robinhoods-new-checking-account-b2b0df32-40c6-4bd1-b336-2408b27f16b0.html
  ]]>