- Jun 11, 2014
- 6,846
- 5,940
Glad I scooped PYPL at 34 for long...
Monitoring HP to fall under 55
Monitoring HP to fall under 55
OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER
- Thread in 'General' Thread starter Started by johnnyredstorm,
- Start date
- Dec 14, 2003
- 8,078
- 3,510
What do you guys think of SHAK?
- Apr 30, 2011
- 10,915
- 2,735
- Mar 14, 2006
- 17,697
- 2,714
Grabbed it at 43, didn't expect it to drop this low
I'm long on it so I hope I didn't make a hasty decision.
- Jan 20, 2002
- 54,351
- 31,918
i like paypal long. just scooped up at 37
- Apr 30, 2011
- 10,915
- 2,735
Biotechs today :x :x :x :x :x
- Apr 4, 2008
- 74,957
- 24,368
You wanna hear some ****** up **** I could've avoided by signing into ETrade today?
I had $538 in my account, wanted to grind out small gains with weeklies and gradually size up with success by compounding my account/gains. You don't need a ton of cash to day trade weeklies, and I liked the challenge of building nothing into something.
Yesterday at 3:50, AMZN was down to like 475.90, I wanted to get long for earnings via a call fly 515-525-535. I bid .45 for a 1 lot. Never got filled. For the next 10 minutes AMZN did nothing but pop over 480 before the close. I never got filled so at 3:58 AMZN was around 480 or higher, I shut down my account since TOS marked .90 and ETrade showed .70 by 1.05. Not getting filled, didn't feel like canceling my order, pointless since AMZN was popping, right?
So today, I decided to take the day off, it's Friday, I didn't want to trade, I had an ok week, didn't want to force anything. I never open my ETrade account. 15 minutes ago I get a phone call from etrade alerting me that i've been assigned stock. i flip out, assigned stock for what, i never got filled? the douchebag tells me they filled me at 3:59:30. i yelled at him and said how is that possible. douchebag tells me its 5 dollars per share that i owe on assignment. they bought me 100 shares of amazon at 530 to offset the short call that i got assigned on. so now my account will be wiped out on monday as a result of me not opening my account because logic says why would i get filled at the close when the stock popped 4 bucks from when i tried to get filled and it marked higher than my bid.
this was all avoidable. i could've cancelled my order, i could've logged into my account today and saw i got filled. but worst of all, if i logged in, i would've been able to manage the position and close it out for a 3 or 4 dollar gain instead of being assigned stock n losing it all.
lesson here is, don't leave resting bids, and always, always, always open your account when you have options expiring and be aware of potential assignment. this was avoidable and it was my fault, but it's frustrating nonethless, more so because i would've made money. losing 538 bucks isn't the end of the world for me, I've lost a disgusting amount in my trading career, but it sucks since i wanted to start on clean footing and do things right this time around. but i have no one to blame about myself. so learn from my mistake and avoid it if you trade options.
I had $538 in my account, wanted to grind out small gains with weeklies and gradually size up with success by compounding my account/gains. You don't need a ton of cash to day trade weeklies, and I liked the challenge of building nothing into something.
Yesterday at 3:50, AMZN was down to like 475.90, I wanted to get long for earnings via a call fly 515-525-535. I bid .45 for a 1 lot. Never got filled. For the next 10 minutes AMZN did nothing but pop over 480 before the close. I never got filled so at 3:58 AMZN was around 480 or higher, I shut down my account since TOS marked .90 and ETrade showed .70 by 1.05. Not getting filled, didn't feel like canceling my order, pointless since AMZN was popping, right?
So today, I decided to take the day off, it's Friday, I didn't want to trade, I had an ok week, didn't want to force anything. I never open my ETrade account. 15 minutes ago I get a phone call from etrade alerting me that i've been assigned stock. i flip out, assigned stock for what, i never got filled? the douchebag tells me they filled me at 3:59:30. i yelled at him and said how is that possible. douchebag tells me its 5 dollars per share that i owe on assignment. they bought me 100 shares of amazon at 530 to offset the short call that i got assigned on. so now my account will be wiped out on monday as a result of me not opening my account because logic says why would i get filled at the close when the stock popped 4 bucks from when i tried to get filled and it marked higher than my bid.
this was all avoidable. i could've cancelled my order, i could've logged into my account today and saw i got filled. but worst of all, if i logged in, i would've been able to manage the position and close it out for a 3 or 4 dollar gain instead of being assigned stock n losing it all.
lesson here is, don't leave resting bids, and always, always, always open your account when you have options expiring and be aware of potential assignment. this was avoidable and it was my fault, but it's frustrating nonethless, more so because i would've made money. losing 538 bucks isn't the end of the world for me, I've lost a disgusting amount in my trading career, but it sucks since i wanted to start on clean footing and do things right this time around. but i have no one to blame about myself. so learn from my mistake and avoid it if you trade options.
- Dec 3, 2007
- 8,180
- 5,405
^^^I haven't delved too deeply into options trading, so I can't say that I fully comprehend everything that you're saying; but are saying that e-trade purchased $53000 worth of Amazon stock, on margin, for you?
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- Apr 4, 2008
- 74,957
- 24,368
Technically yes because they had to offset the short call I was assigned. Basically, I'll wake up Monday with the stock position and the option positions canceling each other out, but the assignment fee will leave me at a 0 or negative cash balance.
It's my fault for not looking at my account today, but 99 out of 100 times, you don't get filled on something when it moves up 4 bucks from when you put your bid in.
Learning experience, but annoyance nonetheless.
It's my fault for not looking at my account today, but 99 out of 100 times, you don't get filled on something when it moves up 4 bucks from when you put your bid in.
Learning experience, but annoyance nonetheless.
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- Dec 3, 2007
- 8,180
- 5,405
My take home salary is decent and all, but I'd legit be fuming if I lost $530 in a matter of minutes...
If it'll make you feel better, I lost somewhere in the neighborhood of 18gs in a span of a few months when the market crashed in '08-'09.
The kicker -- I was a broke college student who couldn't afford to lose 18gs...
You definitely live and learn in life; and when life ***** you over, you gotta take it all in stride...
...
If it'll make you feel better, I lost somewhere in the neighborhood of 18gs in a span of a few months when the market crashed in '08-'09.
The kicker -- I was a broke college student who couldn't afford to lose 18gs...
You definitely live and learn in life; and when life ***** you over, you gotta take it all in stride...
...
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- Apr 4, 2008
- 74,957
- 24,368
I sadly lost double that last year trying to learn how to day trade on the fly only reason I'm not tripping since I've been down that road before and have had worse drawdowns in a day. Just frustrating that I really wasn't aware of it and it's my own fault for not at least looking at my account today. Just doesn't make sense how or why I'd get filled after the stock pops $4 and the call fly was marking double the price of my bid. But whatever, it's a costly lesson.
only reason I'm not tripping since I've been down that road before and have had worse drawdowns in a day. Just frustrating that I really wasn't aware of it and it's my own fault for not at least looking at my account today. Just doesn't make sense how or why I'd get filled after the stock pops $4 and the call fly was marking double the price of my bid. But whatever, it's a costly lesson.
- Apr 4, 2008
- 74,957
- 24,368
You know now that I think about it, because the spread was worth 4 bucks or so at the close, I might only lose 100 bucks or so. I gotta see on Monday, never been assigned before, but this might not be as bad as I thought at first.
- Apr 4, 2008
- 74,957
- 24,368
brief update, won't know for certain till tomorrow. but my cash balance shows 900 which would be the gain from the trade. the amzn position has been removed so maybe my complaining got the assignment fee waived or it'll just take effect tomorrow. either way, this worked out better than i originally thought, but it has the potential to be costly since the profits from the fly could be wiped out from the assignment fee. will know more tomorrow.
Edit: talking to one of my buddies who's more familiar with assignment stuff, he thinks i actually made money on the trade and the cash balance shown is mine to keep. dumb luck if this is the case. really got lucky.
Edit: talking to one of my buddies who's more familiar with assignment stuff, he thinks i actually made money on the trade and the cash balance shown is mine to keep. dumb luck if this is the case. really got lucky.
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- Apr 30, 2011
- 10,915
- 2,735
- Apr 4, 2008
- 74,957
- 24,368
Such a random chaotic chain of events all because I didn't sign into my account. Least it worked.
Lesson here, always sign into your account even when you don't want to trade
all because I didn't sign into my account. Least it worked.Lesson here, always sign into your account even when you don't want to trade
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- Mar 14, 2006
- 17,697
- 2,714
I want to make quick gains w/ options but aint tryna touch those until I learn more about them.
- Apr 4, 2008
- 74,957
- 24,368
Study and learn as much about them. They're tough at first but once you understand them they're great. It isn't exactly about making quick money with options but more so needing less capital to get a nice return once you figure out how you want to use them.
- Apr 30, 2011
- 10,915
- 2,735
YELP in some trouble :x
Weird AH action by TWTR too
Weird AH action by TWTR too
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- Apr 4, 2008
- 74,957
- 24,368
Company is garbage.
- Dec 23, 2009
- 30,363
- 21,941
Yelp or Twitter?
- Apr 4, 2008
- 74,957
- 24,368
I was referring to Yelp.
TWTR I hope it gets clobbered some more so I can get long somehow. Love TWTR long term.
TWTR I hope it gets clobbered some more so I can get long somehow. Love TWTR long term.
- Apr 30, 2011
- 10,915
- 2,735
I like both long.
YELP just needs to find a better way to monetize. I think it's an essential part of many people's everyday lives.
TWTR's user growth and execs leaving are concerning, but it too is an essential part of people's lives.
YELP just needs to find a better way to monetize. I think it's an essential part of many people's everyday lives.
TWTR's user growth and execs leaving are concerning, but it too is an essential part of people's lives.
- Jun 11, 2014
- 6,846
- 5,940
- Jan 20, 2002
- 54,351
- 31,918
help :x
i mean YELP
i mean YELP
- Jun 11, 2014
- 6,846
- 5,940
Twitter will bounce back... Yelp is trash on the hand
