I'm Moving Off Robinhood ASAP

[SOL]

market volatility would ensure that you are bankrupt before the month is out. Some stocks experience huge moves in both directions ever day. So this would not be a good strategy. An alternative would be to find strong stocks that are trending up, and buy them on days when they experience larger than normal downward moves; risky but much safer than the one of buying a stock and place a tight trailing stop.

The best strategy is to get into stocks trading in the extremely oversold ranges, use down days to buy them and then unload them when they are trading in the overbought ranges. Takes a bit of work as do all good things.

[hooligan]

market volatility would ensure that you are bankrupt before the month is out. Some stocks experience huge moves in both directions ever day. So this would not be a good strategy. An alternative would be to find strong stocks that are trending up, and buy them on days when they experience larger than normal downward moves; risky but much safer than the one of buying a stock and place a tight trailing stop.

The best strategy is to get into stocks trading in the extremely oversold ranges, use down days to buy them and then unload them when they are trading in the overbought ranges. Takes a bit of work as do all good things.

i think i don't understand what a trailing stop is then....have to do a bit more research. thanks for reply.

[Eric]

market volatility would ensure that you are bankrupt before the month is out. Some stocks experience huge moves in both directions ever day. So this would not be a good strategy. An alternative would be to find strong stocks that are trending up, and buy them on days when they experience larger than normal downward moves; risky but much safer than the one of buying a stock and place a tight trailing stop.

The best strategy is to get into stocks trading in the extremely oversold ranges, use down days to buy them and then unload them when they are trading in the overbought ranges. Takes a bit of work as do all good things.

i think i don't understand what a trailing stop is then....have to do a bit more research. thanks for reply.

No, hooligan I think you are right...I've never considered that. I wonder if they have terms prohibiting that in the fine print somewhere...
@SOL we're talking about trailing-stop-LIMITS where a limit order is placed at $ or % below the all-time high since you placed the order.

XYZ is trading at $100, you set a 3% Trailing-Stop-Limit. If XYZ opens at $85 the next day Fidelity will set a $97 limit sell order for you (3% below the high since you placed the stop-limit order). If the market manipulation was brief or the news was fake or whatever and XZY rockets to $115 after that $85 open you will loose your shares as the market buys them away from you with that $97 limit order in place.

It looks like Interactive Brokers might offer that option too: https://www1.interactivebrokers.com/en/index.php?f=606

[a_p]

I am moving my taxable account to Fidelity; I already have retirement and HSA accounts with them. They are the only broker I am aware of that allows you to set "Trailing Stop LIMIT" orders which I LOVE.

Just FYI, Fidelity also had problems. I was gambling with GME and at some point they disabled a couple of strike prices for options. There were strike prices available from $1 to $600 but 310 and 320 were just gone from the UI, so it was not possible to even put an order to close the position if you already had an opened one in the day prior. I could have made a profit but ended up with a loss. Filed a trade dispute, and they refuse to even explain what happened, just keep saying over and over again "our investigation has concluded and there's nothing we can do", flat out refusing to answer any questions that I raised.

I'm not saying that I know anyone better than Fidelity, but the point is, any broker will crap their pants in one way or another during cases like these and you have no recourse. And if you're staying out of a meat grinder and placing trades now and then to hold for a few months/years, then any broker is fine.
Should probably spread your portfolio among several ones, just in case.

[AstuteShift]

I personally don’t use trailing stops since the big players can easily get you out of position with BS moves from time to time

Instead I get alerts if the stock goes a certain price then get out if the trend is reversed. Looking at charts and analyzing day to day moves is a waste of time since it does not determine the long term direction

The newbies are feeding off of greed and Robinhood is designed like a Vegas Casino instead of a brokerage. All those colors, dumb down language on options and investing is perfect for the masses with their short term attention span and emotional ways of trading

What you need to really be focused is on military strict RISK management and deploying capital in thirds like SOL suggests

Another option is just selling puts, you win if the stock doesn’t go down or move sideways or when it goes down then you celebrate since that was also a preferred outcome

Using stops in a old school way is a fast way to lose, this market is really for the ones who see it for what it is and don’t have any emotion attached to it.

Being a trend investor is hard to first but once you let go of fear then you realize it’s the only way to win. The masses will never understand this style since most hate on those who chose a path against them and profit off their foolish mistakes

Remember to never let the masses actions affect you, most if not all are groomed like cattle and they have a secret desire to be slaughtered. It’s cruel but this has been going on for centuries

[SOL]

I am moving my taxable account to Fidelity; I already have retirement and HSA accounts with them. They are the only broker I am aware of that allows you to set "Trailing Stop LIMIT" orders which I LOVE.

Just FYI, Fidelity also had problems. I was gambling with GME and at some point they disabled a couple of strike prices for options. There were strike prices available from $1 to $600 but 310 and 320 were just gone from the UI, so it was not possible to even put an order to close the position if you already had an opened one in the day prior. I could have made a profit but ended up with a loss. Filed a trade dispute, and they refuse to even explain what happened, just keep saying over and over again "our investigation has concluded and there's nothing we can do", flat out refusing to answer any questions that I raised.

I'm not saying that I know anyone better than Fidelity, but the point is, any broker will crap their pants in one way or another during cases like these and you have no recourse. And if you're staying out of a meat grinder and placing trades now and then to hold for a few months/years, then any broker is fine.
Should probably spread your portfolio among several ones, just in case.

We are now in the War stage, where the old guard tries to maintain the old way of doing business, but it won't work. Collectively speaking there is money to be made by the Fed if it can milk the masses directly, but its, not the money factor that they are concerned with. they are concerned with the control factor, and to have almost full control over the masses (at this stage of the game) bankers have to be eliminated and broker that used to favour hedge funds and other institutions have to change or the Fed will facilitate their destruction. For example, you could destroy RobinHood by forcing it to sell to another player that has agreed to abide by the new rules. You say this cannot be done. then you have no don't understand how much power the Fed wields.

[a_p]

We are now in the War stage, where the old guard tries to maintain the old way of doing business, but it won't work. Collectively speaking there is money to be made by the Fed if it can milk the masses directly, but its, not the money factor that they are concerned with. they are concerned with the control factor, and to have almost full control over the masses (at this stage of the game) bankers have to be eliminated and broker that used to favour hedge funds and other institutions have to change or the Fed will facilitate their destruction. For example, you could destroy RobinHood by forcing it to sell to another player that has agreed to abide by the new rules. You say this cannot be done. then you have no don't understand how much power the Fed wields.

I'm not totally sure what this answer is about. My point was simply that moving from Robinhood to Fidelity in hopes that it's not going to have problems is probably wishful thinking. Had the Reddit crowd been on Fidelity instead, I have little doubt they would have a lot more problems than they did this time. This has got nothing to do with the Fed.

As far as the Fed goes, since when do they want to eliminate the bankers? They've been mainly either deregulating, or staying out of the way while wallstreet comes up with ever more intricate derivative products to inflate market with imaginary money. That's why shit blows up on a regular basis.

[AstuteShift]

We are now in the War stage, where the old guard tries to maintain the old way of doing business, but it won't work. Collectively speaking there is money to be made by the Fed if it can milk the masses directly, but its, not the money factor that they are concerned with. they are concerned with the control factor, and to have almost full control over the masses (at this stage of the game) bankers have to be eliminated and broker that used to favour hedge funds and other institutions have to change or the Fed will facilitate their destruction. For example, you could destroy RobinHood by forcing it to sell to another player that has agreed to abide by the new rules. You say this cannot be done. then you have no don't understand how much power the Fed wields.

I'm not totally sure what this answer is about. My point was simply that moving from Robinhood to Fidelity in hopes that it's not going to have problems is probably wishful thinking. Had the Reddit crowd been on Fidelity instead, I have little doubt they would have a lot more problems than they did this time. This has got nothing to do with the Fed.

As far as the Fed goes, since when do they want to eliminate the bankers? They've been mainly either deregulating, or staying out of the way while wallstreet comes up with ever more intricate derivative products to inflate market with imaginary money. That's why shit blows up on a regular basis.

Eliminating the banks will allow the FED to be the ONLY bank in charge and with a digital dollar they will track every cent you have and then implement a credit social score and deduct points off you if you don’t behave

The FED and its friends have been writing about this for decades, IMF reports, the great reset from the world economic forum etc.the masses are going to regret any stimulus they get from the FED and its cronies, anything free from these guys come with a cost which is your freedom.

Don’t fight the FED, these middleman are going to get destroyed by its power

[AstuteShift]

https://youtu.be/5IJeemTQ7Vk

These cronies along with the top shadow players rule the land

[a_p]

Eliminating the banks will allow the FED to be the ONLY bank in charge and with a digital dollar they will track every cent you have and then implement a credit social score and deduct points off you if you don’t behave

The FED and its friends have been writing about this for decades, IMF reports, the great reset from the world economic forum etc.the masses are going to regret any stimulus they get from the FED and its cronies, anything free from these guys come with a cost which is your freedom.

Don’t fight the FED, these middleman are going to get destroyed by its power

That's a quite an antiutopic vision. I suppose it's conceivable, China is certainly making strides in that direction, but at the same time it's far from obvious that it's what the fed actually wants and that there is some shadow cabal behind it.
Anyway, we're totally off the original topic now, this conversation would probably be fun over some beers, but I'm here mainly to see how you guys trade the trends.

[SOL]

Eliminating the banks will allow the FED to be the ONLY bank in charge and with a digital dollar they will track every cent you have and then implement a credit social score and deduct points off you if you don’t behave

The FED and its friends have been writing about this for decades, IMF reports, the great reset from the world economic forum etc.the masses are going to regret any stimulus they get from the FED and its cronies, anything free from these guys come with a cost which is your freedom.

Don’t fight the FED, these middleman are going to get destroyed by its power

That's a quite an antiutopic vision. I suppose it's conceivable, China is certainly making strides in that direction, but at the same time it's far from obvious that it's what the fed actually wants and that there is some shadow cabal behind it.
Anyway, we're totally off the original topic now, this conversation would probably be fun over some beers, but I'm here mainly to see how you guys trade the trends.

The answer is simple

AI and AI related stocks that have something off value to offer will dominate the trend for years. Any company that has a strong product and offers great customer service will also dominate

Until the Trend turns negative, all corrections ranging from mild to wild should be embraced because the Fed is going to throw unlimited amounts of money at this market

If you understand the above points, then you are set to win

[Triplethought]

Until the Trend turns negative, all corrections ranging from mild to wild should be embraced because the Fed is going to throw unlimited amounts of money at this market

If you understand the above points, then you are set to win

If you had to guess the timing and % of the next pullback?

[SOL]

Based on an educated guess and looking at the Nasdaq (for now it's leading the way up) a pullback ranging in the 1500 to 2400 point ranges is possible once the Nasdaq trades in the 14200 to 14500 ranges and I would also wait for bullish sentiment to trade to the 55 ranges again.

This is a wild market, and the insane action is now coming from all sides, the Fed, the crowd the Reddit crowd that seems to think they can purchase any crap and it will work out all the time, pension funds being forced to take on more risk and then you have a large part of the so-called scared money that is still sitting mostly in cash, that ocassionaly jumps in and out; one they will throw everything at this market. When you add up that, it makes for a very volatile ride in both directions.

[Triplethought]

Based on an educated guess and looking at the Nasdaq (for now it's leading the way up) a pullback ranging in the 1500 to 2400 point ranges is possible once the Nasdaq trades in the 14200 to 14500 ranges and I would also wait for bullish sentiment to trade to the 55 ranges again.

This is a wild market, and the insane action is now coming from all sides, the Fed, the crowd the Reddit crowd that seems to think they can purchase any crap and it will work out all the time, pension funds being forced to take on more risk and then you have a large part of the so-called scared money that is still sitting mostly in cash, that ocassionaly jumps in and out; one they will throw everything at this market. When you add up that, it makes for a very volatile ride in both directions.

Thanks SOL. It hit 14K today so if that happens it won't be long now. I'll probably sell a few of the positions that I bought "on my own" and keep yours. With the understanding that the whole portfolio will sink at least 10% or maybe even 20% at the pullback and not to panic when they do. I really really wish I hadn't prematurely pulled out of that USAK call the other day.

[Budge]

New article on ZeroHedge ripping Robinhood a new one:

https://www.zerohedge.com/markets/expos ... our-orders