Anyone here into trading?

[Reichart12]

Me and a coworker have been using robinhood for a week or so now. We get a lot of downtime to search stocks and whatnot. Just starting with $50 to play around but its a fun thing to watch over.

[Pantless Spency]

Yeah I looked into there stocks very interesting. Bitcoin is an interesting beast.


I wish I woke up a little earlier and had time to market better. $ATV started out today opening at $2.XX and spiked today at $21 a share, now it's at like $18.XX as of close. Talk about gains.

[decay]

Is it true? I thought they almost all were mined

first; no. https://blockchain.info/charts/total-bitcoins
the maximum number of bitcoins that ever *can* exist is 21 million, but the protocol adjusts to the amount of computing power the miners are contributing, such that the amount of bitcoins that will exist always follows the straight line in that graph.

second; the early adopters got rich from mining on their computers at home, nobody else is going to. it's an industrial-level operation now. data centers full of bitcoin miners.

third; this thread is about trading, which is why i bring up bitcoin as a speculative commodity. http://bitcoinity.org/markets

i have automated buys set up that trigger a few bucks every few days, and when i see a big dip, i do a manual buy. i sold off my early stash when it was much higher, but i'm up about 20% since selling off when the last bubble burst.

the real value proposition of bitcoin, in my mind, is that it makes international monetary transfers much less costly. my gf is from macau; when her dad sends her money it costs $20 on the sending end and $20 on the receiving end. if he sent her bitcoin instead, the transfer fees would be measured in pennies, not dollars.

[plmichal]

Second day of GBSN. Same thing. In at .215 after the panic and out into the .25's.

[Kershaw]

came expecting a wife swapping thread. leave disappoint.

I didn't come at all.

[Pantless Spency]

Lol, read my above post. I tried to warn you. ^^^

haha yes i am a fool.

next time I'm fully prepared hahahaha. $16 to learn a lesson. lmao.

[jaywood]

quick tale of caution.

most trading clients (etrade,TDameritrade,ETC.) charge $9.99 per transaction.

I had no idea, bought 10 shares of GBSN @.1856 then it started to rise good, so I bought 100 shares @.2043. had 110 shares, rode it to .2401 and sold my 110 shares, thinking I made something like a $4-$5 profit, then I checked into it and found out I spent $20 on the commissions of buying those shares..... lmfao lesson learned.

Lol, read my above post. I tried to warn you. ^^^

[Pantless Spency]

I highly recommend reading "Trading in the Zone" by Mark Douglas.

I bought the .20 cent/share breakout of GBSN and sold into the .25 cent/share spike. Purely a chart play.

I did almost the same buy lol but I went light, didn't know about the $10 commission for each transaction, so even though i gained before i sold, i lost money FML lol.

[plmichal]

I highly recommend reading "Trading in the Zone" by Mark Douglas.

I bought the .20 cent/share breakout of GBSN and sold into the .25 cent/share spike. Purely a chart play.

[Pantless Spency]

quick tale of caution.

most trading clients (etrade,TDameritrade,ETC.) charge $9.99 per transaction.

I had no idea, bought 10 shares of GBSN @.1856 then it started to rise good, so I bought 100 shares @.2043. had 110 shares, rode it to .2401 and sold my 110 shares, thinking I made something like a $4-$5 profit, then I checked into it and found out I spent $20 on the commissions of buying those shares..... lmfao lesson learned.

[george graves]

There are mock trading websites you can join that actually use realtime prices so you can get an idea of how you would do in the real world without losing any money.

I'd love to try my hand at that. Any one good link?

[Pantless Spency]

You're mistaken. The rollercoaster continues.

Is it true? I thought they almost all were mined

[decay]

that is not gonna happen with bitcoin again.

You're mistaken. The rollercoaster continues.

[kickinindian]

https://www.robinhood.com <<<<<<<<<<free trades!!!! >>>>>>>>>>>

penny stocks suck, but some of us dont have thousands of dollars to play with so turning $20 into $40 bucks (or $20 into $5) while learning the ropes of trading is pretty cool i think.

[mbonder]

I think the concept of "making money" is relative to what you put in. If you want to make decent returns (now this is entirely hypothetical), you need large sums to start with. $25k is on the low end but is a good start if you want to actually make money.


But hey, what do I know.

Not what I meant. I meant that if you make three "round trip" transactions in a week without waiting for your money to clear back into your account (you buy a stock, then sell a stock, then buy another stock without waiting for the money from the first sale to make it back into your account before buying the second stock) you get labeled as a pattern day trader, which puts you under a different set of rules, one of them being that you need to have $25k+ to trade with and have a margin account.