breaks 46 I'm might just grab puts
theres a 15 year trend line it's riding so thats my support and risk
this is countertrend so ill be using small size, 300 bucks of risk max
You have way more passion for this stuff than I do . What makes you patient on oil?
Ah, I need to get into options. My buddy was making a killing on gold/silver puts not too long ago, so I started reading up on them and want to test it out with a couple hundred.
Are you monitoring the oil/currency war between US/Russia?
Once the markets started rallying around spring/summer last year, I knew gold and silver would take a hit. I wish I was up on options back then .
I prefer tech companies as well, but I try to grab a little of everything. The stuff going on between US and Russia is probably as fascinating to me as value areas are to you . Figured I might as well ride oil while it's taking a beating.
Yeah, I'm watching XOM and RDS for the oil sector. Don't know anything about RIG, however their dividend is crazy .
Tech is really the only sector where I'll mess with companies I don't know off the top of my head. Any other sector, the company has to be a household name or close to it and they better have started a war or two .
I've been using robinhood for a few weeks and it's not bad. Barebones but can't beat zero commissions. No minimums for anyone just starting out.
The shake shack ipo might be available through loyal3 since it's a consumer facing company so it can't hurt to open up an account there just to see if you can get any of that.
@thefuncooker Robinhood is cool if you are starting out but long term, you should use a different broker because Robinhood sells your orderflow. By giving free commission, they have to make money by selling your order flow to HFT/Algo firms.
i mainly use fidelity. i was just trying it out. mainly to trade in and out vxx and tvix the last few weeks to hedge the rest of my crap. my time horizon is usually a lot longer than everyone else on this board probably is. From what i remember, they raised enough cash so they don't have to make money right away and don't even have enough volume to sell order flow to the exchanges. They don't have any costs besides running the app and the employees and will make some money off the float just like all brokers do. even if they are, i don't really care if theyre selling my order flow. pennies or fractions of pennies arent going to make a much of a difference unless you're like calpers or something.