So on RH you can daytrade w/o limit of 3 trades per 5 days at 25k+ Account, if you start getting a big account it would probably be a good idea to have another trading site though, I was actually going to check on a few different sites this week. Like Webull for example (I haven't personally used nor signed up/researched), but it allows for pre-market trades, I've heard good and bad things, but trading pre-market would be huge, for example MEDS has gone up $3 in pre-market this morning. Pre-market isn't always perfect or guarantees a gap up but it can be useful to move ahead of market. I was going to check on a few other spots that offer this though, because RH while I like the interface is only 830am to 5pm etc. On TIVX be careful and watch closely this morning. I haven't done ETN but it doesn't have to follow trends as quickly and can play different - https://www.investopedia.com/articl...s-daily-2x-vix-shortterm-etn-who-invested.asp I have seen mentions of rebuying dip, but it's down at the moment pre-market. I'm not in it at all but will let you know if I do, make sure you watch it though could still be a good play but might see harsh dip before gains (so could avg down/Re-buy lower) - again I haven't researched a ton on it so if you have just be careful. Feds are also really messing things up this morning. - with that said it's going up slightly from dip, just watch it carefully Another one I'm looking at this morning is DWT.
NOVN - short play, might be dangerous to enter late late, but watch it - basically follow the news type thing
So the Fed today basically said it would spend unlimited money to make sure the markets work. That should be signal that while we may not be at a bottom for equities, it should really take a lot of the panic out of the bond markets.
The problem isn't liquidity, this isn't 2008. The fed can't do much more to inject cash into the economy. Money is basically free at this point. The problem is the economy has shut down, people are losing jobs and no one is spending money on non-essentials. Congress is working on a stimulus and that will give the markets a short term boost with the good news, but the underlying problem is the same. Until the virus goes away, millions will be unemployed, thousands of businesses will go under and no one will spend money.
Very nice move! Just keep an eye on everything but I think you're very safe atm on this play, should be great gains.
lol. that got a laugh out of me. Boeing has worked out so far. Probably about to sell it. For some reason I picked up KO (coke) this morning. Up about 3-4%. Im doing as well or better the last month while everything has been dropping than I had the month before.
I'm not sure if this stimulus will pass, but I sold my short positions just in case. Edit: Bought it back. I was hoping these guys would get something done, but of course they didn't.
It'll pass. The more news that comes out that Pelosi basically derailed the whole thing with a bunch of political demands is going to make it harder to hold onto those demands. The Senate HAD a deal worked out...both sides, and then she flew in and dropped a bomb on the whole thing. The question is WHEN it passes...today...tomorrow...or Wednesday.
So if the stimulus passes, will all stocks shoot up? I'm having trouble understanding the potential ramifications
I'm listening to the vote and after it was done, McConnell said they would not be able to vote again until Friday due to this vote. So I guess Pelosi got what she wanted, because it looks like the bill has to come from the house now.
It's 2 trillions dollars, so it might make a dent for a couple days. I'm still pessimistic for the long term.
