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- Please no inappropriate usernames (remember that there may be youngsters in the room)
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- Use common sense and respect personal differences in the community: sexual and other inappropriate language or imagery, political rants and belittling the opinions of others will get your posts deleted and result in warnings and/ or banning from the forum
- 3/17/19 UPDATE -- We've updated the permissions for our "Football" and "Commit to the G" recruiting message boards. We aim to be the best free board out there and that has not changed. We do now ask that all of you good people register as a member of our forum in order to see the sugar that is falling from our skies, so to speak.
Day trading & Investment Thread
Think I did this one before and I recall we have some traders here. Well I'm doing it again, cuz now I have to sit here and watch tweeter to make sure nothing bad happens to the trading account because of incoming market whipsaws w/ Iran headlines. Daily events will be discussed. Please leave your political feelings at the door. You can postulate on how politics will affect the markets but if you feel like an actual full blown political debate then take it elsewhere please.
Also, if you have a setup for your trading data analysis that's like bloomberg terminal but doesn't cost $24k a year and isn't efxdata I'd greatly appreciate hearing about it at length.
Options, FX, stocks, anything's game here.
Comments
Deer god, Iran shot rockets at multiple US facilities in Iraq. President briefed. Was not expecting this. Figured Iran would stick to proxies for their conflict. GBPJPY sold at 142.4.
I see someone is bored out of there mind today.
Just wondering, do you run a personal portfolio?
Yes
Posted a picture so that people know I'm not running a massive fking troll thread here
I'm not sure how comfortable I feel posting about trading on Dawgnation. But I will say... my goodness, switch to E-trade my man
Does E-Trade have FX spot trading? I've been using Oanda for FX spot since 2016-2017
Lol what are you worried about specifically?
I ask that even though I blotched out my sell limits because I'm paranoid
Yes they do.
Truthfully, I run a small hedge fund that focuses on option trading, in hindsight, I'd be very happy to discuss trading with Dawgnation
How much of this is gambling and how much is skill in your view?
FYI: My investment viewpoint is 1. make d-amn sure you maximize tax advantaged methods, particularly those which the employer has offered matches, investing in well performing but low expense growth and dividend stock funds, and
2. carefully research and invest in no load, and low expense mutual funds for the long haul for taxable investments, and
3. invest in your tax advantaged plans up to the annual limit even if you cannot make a deductible contribution that year. If selected well, it is still a good investment and there might be benefits to having money in an IRA, rather than a naked investment (law suits come to mind), and
4 Doing most anything else - other than investing in your/your spouse's career - is very risky and should be done/not done with that in mind.
It helps not getting a divorce, and living under your means (both of which mean your spouse has to be like minded). But if you live long enough, and the dollar is still good, you can likely do well at retirement.
Invest now
I use TD Ameritrade's Thinkorswim; even though I'm not a day trader, I have charts and watchlists up all day. I manage my and my wife's retirement accounts in stocks.
I keep CNBC on during the day and watch Bloomberg TV at night after the close.
Exited most of our stock positions before the end of last year. I hate losing money like is happening right now, but will probably eventually be a good buying opportunity (just a little bit at the time). The $0 commissions have totally changed how I buy and sell.
These events are probably the reason the market needs to sell off since it's run up so much and is overbought. Fund managers have likely been waiting to sell until after the calendar rolled over.
I still believe the selloff in 2018 was tax loss selling by fund managers who bought at the top. When the market started selling off it didn't stop until near year end. That led to the V recovery that started Christmas Eve 2018...I was sick in the bed and watched that happen.
Looks like the NASDAQ will really get hit hard tomorrow, but you never know. There appears to be a lot of cash on the sidelines and that helped US markets close well off the lows on Friday.
I want the US dollar to get weaker, but not fall off a cliff as that may cause commodities to go up (hello, Federal Reserve).
I'm not an expert by any means, but have done well the last few years with the good Lord's help.
Personally, I just love watching the market.
Can't remember the specifics but after googling the brokerage list, but I believe I picked Oanda just cuz no commissions and the USD carry trades were attractive when I first ventured into FX spot. TD charged commissions and I think E-trade does too. I get that MT4 is **** & slow tho. Most of the trades are placed via a python script with algo signals outside MT4 using a REST API thank god