Stock-Age: Stocks, Options and Dividends oh my!

hey can someone explain something to me.

i bought 500 shares of GPRO at 47.08.
i put in a sell stop quote order on Etrade at 46.95.

why did they execute the sell 47.00?

i wanted to protect myself and get out if the price dropped to 46.95 or below yet they sold the order at 47.00.
 
mmazurkiewicz said:
hey can someone explain something to me.

i bought 500 shares of GPRO at 47.08.
i put in a sell stop quote order on Etrade at 46.95.

why did they execute the sell 47.00?

i wanted to protect myself and get out if the price dropped to 46.95 or below yet they sold the order at 47.00.
Click to expand...

If the price drops below 46.95 they initiate the sell order and it is sold with the next available course. So maybe the price dropped below 46.95 and they sold it with the next tick for 47.00?
 
mmazurkiewicz said:
hey can someone explain something to me.

i bought 500 shares of GPRO at 47.08.
i put in a sell stop quote order on Etrade at 46.95.

why did they execute the sell 47.00?

i wanted to protect myself and get out if the price dropped to 46.95 or below yet they sold the order at 47.00.
Click to expand...

Sounds like it was a stop market order, not a stop limit order.
 
mmazurkiewicz said:
it was and i wanted it sold at 46.95 but i never sold it hit that price when i watched it.
Click to expand...

A stop market order means that as soon as your stop price is reached, a market order is entered. The stop price being reached and the market order being entered are two different actions. When you enter your market order, it's still subject to all the normal things that can happen when you sell via a market order, like the bid/ask spread, etc. So your market order was entered when the price hit $46.95 but due to the bid ask spread and the fact that it was a market order instead of limit order, it filled at $47. Theoretically it could have filled at $42
 
Buzzati said:
Do any of you guys have choice investors that you listen to? I read Finance blogs, but nobody stands out in particular for me.
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To tell you the truth I've never been really interesting to listening to anyone. I'm afraid they might have hidden agendas in what they say. Also, people are full of BS.

I do listen to Cramer once in a while.
 
alejob said:
To tell you the truth I've never been really interesting to listening to anyone. I'm afraid they might have hidden agendas in what they say. Also, people are full of BS.

I do listen to Cramer once in a while.
Click to expand...

UHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Cramer is crap, he should never be used except for entertainment value.
 
Bull trap got me. Stupid asshole trap. I picked up 20k of SPY at about 198 last week, and another 15k at 193 yesterday. Sure, it doesn't matter a whole lot since I'm holding it for the long term and I couldn't have bought any more shares had it been higher, but gosh darnit I just feel hoodwinked.

Oh well, I don't know shit about the market and life goes on.
 
When you have money available to invest, don't buy so much at once, keep it cash and invest X every month or so until it's all in, no point to rush it.
 
Ether_Snake said:
When you have money available to invest, don't buy so much at once, keep it cash and invest X every month or so until it's all in, no point to rush it.
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Also don't put all your eggs in one basket. Split it up among different stocks. Anyway, trying to call the bottom in a time known for high volatility is a losing game. The chance of getting it right is almost 0. So it either goes down after you buy it, or it goes up before you buy it. In any case, $196 (the poster's averaged down price) is a fine price to own SPY at.
 
Ether_Snake said:
When you have money available to invest, don't buy so much at once, keep it cash and invest X every month or so until it's all in, no point to rush it.
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I had been thinking about that a while back, but is that really appropriate during an obvious correction? Again, long term, but I don't see the sense spreading purchases out when the market is sitting in a temporary 10% dip. Could I have waited a few weeks? Yeah maybe, but it really doesn't feel like it's dropping anymore.
 
Dave Inc. said:
I had been thinking about that a while back, but is that really appropriate during an obvious correction? Again, long term, but I don't see the sense spreading purchases out when the market is sitting in a temporary 10% dip. Could I have waited a few weeks? Yeah maybe, but it really doesn't feel like it's dropping anymore.
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If you are investing long term put it in the market as soon as you have it.
Time in the market >> Timing the market.
 
Huge opportunity IMO. JD, BABA, BIDU, CSIQ, SCTY are on sale majorly. They will be the Microsofts, Googles, Exelons of tomorrow. High valuations finally coming down.
 
Got into some individual stocks next to my index fund this week. Fun stuff. Let's see how I do in the next few months.

Not going to be too active with it (and certainly not betting on making much money and the money I do invest is an amount I could live without), but I'll probably be logging in and watching too much anyway. It's a little addictive.
 
alejob said:
That's no fun. I want to buy low and sell high... multiple times and as often as I can :D
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Most day traders lose money, so while it looks exciting, you're probably better off in boring index funds or some safe stocks cashing in dividends. At least that's my impression from it.
 
alejob said:
The roller coaster continues. How can I make money from this?
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You can make a lot of money day trading, but it's risky. Invest in solid companies.

I wish I would have been able to grab Apple when it dipped to under $100, but Options House took too long to open a new account. I still got 320 shares in total for just over 111.30. I may purchase more if it dips again. Keep an eye on Apple.

I would suggest jumping in on Groupon. It was over $7 this year and has been hovering around 4.25 for days. I purchased 1600 shares at 4.28 and another 1000 today at 4.17.

DIS is another buy and wait stock right now. Also, take a look at GILD. Keep in mind that we may not have seen bottom, so keep some cash on hand so you don't miss out on possible deals.

What does everyone think about Yahoo!? I hold 350 shares and I'm conflicted about this whole Marissa Mayer thing; I really used to like the woman but I'm hearing so much negativity.

Also, what are some thoughts on NTFLX, WFM, Ford and T-Mobile?

I've been day trading AIG and JPM. Was anyone else able to make a decent profit off of FIT this week?
 
UltimaKilo said:
You can make a lot of money day trading, but it's risky. Invest in solid companies.

I wish I would have been able to grab Apple when it dipped to under $100, but Options House took too long to open a new account. I still got 320 shares in total for just over 111.30. I may purchase more if it dips again. Keep an eye on Apple.

I would suggest jumping in on Groupon. It was over $7 this year and has been hovering around 4.25 for days. I purchased 1600 shares at 4.28 and another 1000 today at 4.17.

DIS is another buy and wait stock right now. Also, take a look at GILD. Keep in mind that we may not have seen bottom, so keep some cash on hand so you don't miss out on possible deals.
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Is it still day trading if you keep your stock for a longer time? I thought day trading was when you don't hold any stock overnight.
 
ClosingADoor said:
Is it still day trading if you keep your stock for a longer time? I thought day trading was when you don't hold any stock overnight.
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It's not. If you hold your position overnight, you won't be flagged as a PDT. You can, however, still perform (I think) 4 trades a week. Technically you could do more if you have different accounts, but that's probably a headache. But if you keep over 25k in your account, you can day trade all you want! :)
 
Some food for thought for those still considering staying long and strong for long term.

2SJ2I94.jpg


Just a very simple weekly TA on SPX showing the 55 EMA and 233 SMA. Currently we're still under the 55 at 1961. If we cannot recover the 55 sitting at 2028 now, that's not a good look for long term we and could already be in the next downtrend like 2000 and 2008. I suspect we will retest that area within the next few weeks though, if not the next! The Fed has their rate hike meeting on the 17th so expect more volatility.

Probably best to monitor these moving averages every now and then. Timing the market is one thing, but so is covering your eyes and ears and dumping more and more money into a possible downtrending market. In the 80s and 90s we made dips below the 55 for weeks to months at a time, but it was able to recover and reestablish the trend up. That's what we're looking for. There was also the big dip in 2011 but the bull market was still only 2 years young and liquidity via QE was still strong. Maybe we will get a QE4 announcement next week..?

The easy money period of 2012 to 2015 could be over, for now. Until that kind of trend returns clearly I'm doing hit and run moves.
 
Looked at this kind of chart for all major indexes several times now and always beat myself up for not not starting 5 years ago but in February 2015. Meh.
 
If you can invest in a relatively regular fashion in broad market ETFs there's no reason not to keep investing in the same way regardless.
 
hurzelein said:
Looked at this kind of chart for all major indexes several times now and always beat myself up for not not starting 5 years ago but in February 2015. Meh.
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Join me in making my first investment last April... Down 10% on that one. But it's a long term index fund, so it will be fine in 10 - 20 years. Although I do wonder if this one was the right pick now, since costs seem a little high. When it recovers I might put it in another fund later on.

Got some individual stocks this month. Down 2% or something. Don't really care that much, since they are all large and healthy companies that pay out dividend to earn a little and will recover their stock prices anyway.

But it would be nicer and not see red signs almost everywhere when checking your account.
 
Every time I look at a long term graph like that I have to sit and wonder "what the fuck happened in 1995?" Was it just some explosion of technology and communication resulting in rapid-fire vacillation in the markets? Was it due to regulation changes?

I don't know the history there and I was only 11 at the time.
 
I am considering opening up a trading account to supplement my deferred comp's 457 account which only allows me to invest in index/mutual funds.

I was looking into scottrade and robinhood as my potential options.

I do not have an android or apple device (windows phone.. Will be getting win10 phone releasing in a few months.).

Robinhood app
I considered getting an android tablet so that I may have Wi-Fi hot spot with phones data (will have to bump my data from 3gb to 5gb with att.... So an additional $20/month) then using robinhood for trading during the day around my lunch time and etc and occasionally throughout the day.

Or

Opening a Scottrade account

I was wondering if anyone has any experience with this trading company and if its decent doing it through mobile website.

=In addition, what is the minimum amount of $$ required to open am account so that I may start trading ($500, or $2500)?

=What is the minimum balance required for me to have in the account?

=Would I be able to link it to my bank of America checking account?

=And finally, if I start making some profits, how does this all tie in to mt taxes at the end of the year?

Thanks in advance.
 
AP90 said:
I am considering opening up a trading account to supplement my deferred comp's 457 account which only allows me to invest in index/mutual funds.

I was looking into scottrade and robinhood as my potential options.

I do not have an android or apple device (windows phone.. Will be getting win10 phone releasing in a few months.).

Robinhood app
I considered getting an android tablet so that I may have Wi-Fi hot spot with phones data (will have to bump my data from 3gb to 5gb with att.... So an additional $20/month) then using robinhood for trading during the day around my lunch time and etc and occasionally throughout the day.

Or

Opening a Scottrade account

I was wondering if anyone has any experience with this trading company and if its decent doing it through mobile website.

=In addition, what is the minimum amount of $$ required to open am account so that I may start trading ($500, or $2500)?

=What is the minimum balance required for me to have in the account?

=Would I be able to link it to my bank of America checking account?

=And finally, if I start making some profits, how does this all tie in to mt taxes at the end of the year?

Thanks in advance.
Click to expand...

Check out OptionsHouse. They charge the lowest commission and have a great platform; very easy to use and understand.
 
What are some stocks you guy are looking at today? AMD has been falling so far this morning; is it worth picking up on the cheap? I've also been studying TMUS, but it's too expensive for me to dive in.
 
UltimaKilo said:
Check out OptionsHouse. They charge the lowest commission and have a great platform; very easy to use and understand.
Click to expand...

Thank you, I will check it out. Is there a minimum $$ requirement? Every site makes you seriously hunt for that answer.

I was going to start trading with $800 and add more funds as they become available. Also, is it just a flat $5 per trade fee or do they also make commissions on percents of your profits too?
 
AP90 said:
Thank you, I will check it out. Is there a minimum $$ requirement? Every site makes you seriously hunt for that answer.

I was going to start trading with $800 and add more funds as they become available. Also, is it just a flat $5 per trade fee or do they also make commissions on percents of your profits too?
Click to expand...

OptionsHouse charges the least at $4.95 and has a promotion of 100 free trades for new accounts. I believe the minimum is still $5,000. Most people wouldn't advise investing anything under 10-15k at very minimum, it's just not worth it. I wouldn't advise putting anything under 25-30k.
 
So on the topic of online investment websites, I've been using Ameritrade for well over ten years now, and honestly I've not really looked at alternatives for a real long time. Is Ameritrade still decent, or are there much better alternatives out there that I should be looking at?
 
UltimaKilo said:
OptionsHouse charges the least at $4.95 and has a promotion of 100 free trades for new accounts. I believe the minimum is still $5,000. Most people wouldn't advise investing anything under 10-15k at very minimum, it's just not worth it. I wouldn't advise putting anything under 25-30k.
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Really? I'm just out of college and started. I assumed the earlier I got in and started the better. I've already made 8% of what I put in just in the last month and I started around 3k. I realize that the trading fees cut into my profit quite a bit, but it isn't a bad investment compared to making 0.75% a year in a savings account (or not having access to it in a bond/CD).
 
thestopsign said:
Really? I'm just out of college and started. I assumed the earlier I got in and started the better. I've already made 8% of what I put in just in the last month and I started around 3k. I realize that the trading fees cut into my profit quite a bit, but it isn't a bad investment compared to making 0.75% a year in a savings account (or not having access to it in a bond/CD).
Click to expand...
Do you want to actively trade or put money away for retirement already? In case of the former, 800 is too low and you need to make sure it is money you can lose if you make a bad trade.

If it is for retirement, you probably want to get into some index fund (or pick a variety of stocks for long term investments) and deposit on a monthly basis or other regular interval. There is a dedicated thread for it where people can help you out also.

The trading fees should not matter that much if you are in it for the long term. Do check into the management fees of some funds, since those can vary a bit.

At least that's my take, also started this year with it all.
 
ClosingADoor said:
Do you want to actively trade or put money away for retirement already? In case of the former, 800 is too low and you need to make sure it is money you can lose if you make a bad trade.

If it is for retirement, you probably want to get into some index fund (or pick a variety of stocks for long term investments) and deposit on a monthly basis or other regular interval. There is a dedicated thread for it where people can help you out also.

The trading fees should not matter that much if you are in it for the long term. Do check into the management fees of some funds, since those can vary a bit.

At least that's my take, also started this year with it all.
Click to expand...

For me I was in an odd place where my company doesn't match my 401k for the first three months I work, so I wasn't putting anything in there yet and had some money saved up. I'm just kind of trying to make some money on the side right now and the money I put in wouldn't seriously hurt me financially if I lost it. It has been a good learning experience so far, and I would consider that to be worth it in itself.
 
Biotech are getting hammered. But really they are just coming back down to reality. VRX Just went for an awesome ride.

Looks like this market is crashing one sector at a time. First energy, now biotechs. Who's next?
 
alejob said:
Biotech are getting hammered. But really they are just coming back down to reality. VRX Just went for an awesome ride.

Looks like this market is crashing one sector at a time. First energy, now biotechs. Who's next?
Click to expand...

Biotech's been down for the last few weeks.

Housing next? :lol

Biotech down >5%, Healthcare down >5%, total market down ~3%, damn
 
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