I was into GNUS at .47 and sold when it hit .99 I didn’t think it would keep climbing the way it did. I can’t believe you got on the MARK lol I’m praying it goes back up into the middle to high 2s so I can safely make my way out

I was also into IZEA and got out at .50 with a $200 loss, only to find it into the .90s yesterday. Learning is expensive

Send them an email, or better yet, call them, and ask them if they will remove the lock.  Some companies will do that if you ask but they'll usually only do it one time.  If you want to trade during your 90-day lock, just start an account using TD Ameritrade and download ThinkorSwim.  It's a little harder to use than Robinhood but you don't have to pay for Level II or any of that.  Still $0 commissions except for some OTC stocks.  

When you get your Robinhood unlocked, turn on Day Trader Protection.  It will alert you when you've made 3 day trades.  You can still make the 4th one but you get alerted before you hit PDT.

Oh, I'm not locked. I just didn't realize there was a restriction on day trading. I hold most of my stocks to long term, but have been dicking with some spare change since I saw this thread. None of my trades so far have been same day.

I'm looking at KTOV today and possibly RIOT again

So yesterday I bought and sold GNUS, then bought back in.

is that considered a "day trade"?

and if it is, how many of my 5 transactions have I utilized? - I'm still holding GNUS from the second purchase (overnight).

-KJ

If you close a position from a previous day and rebuy it is not considered a day trade because you were long.

You get 3 freebies in a rolling 5 trading day period. Once you hit that 4th daytrade you are flagged as a Pattern Day Trader and subject to the $25,000 requirement. This is an SEC requirement.

Any position opened and closed the same trading day counts as a daytrade. This includes options trades.

I was also looking at RIOT.. but now I’m looking for more info before jumping into something. I downloaded WeBull. It lets you see way more info than RH.
I think RIOT may be going down close to 2, which would be a good time to buy.

Attached File


ETA: I’m also watching CANF closely, looks like it will dip early today, for a possible good entry point.

UAVS today?

hype on UAVS suspecting contract with amazon or similar for drone prototypes

Meh, I bought a hundred tickets to the UAVS ride, lets see where it goes.

since it is friday, not trying to be too greedy.  sold out of MARK at 1.60 and took about $200.  might watch a couple others mentioned.  but happy to get back some of my losses from MARK the previous week.

Attached File

sorry i know there has been some highjacking of OP's thread...

just throwing another one out there i watch - VVUS.

it seems to cycle between between its average to 30% gain regularly.  

trade at your own risk!

Damnit I sold mushrooms yesterday thinking it was going to correct. Attached File


Should have know it runs on good vibes.

There is only 1 stock I want to crash and it isn't. Damn you MVIS

Hijack away, really don't mind. Guess we're undermining the finance sub-forum, but that's not really a single-subject thing either.

Broader market is moving like molasses this morning. Grey and rainy here as well. Bah.

again


rode that roller coaster 2 weeks ago when it dumped from $5.15 to $1.20...

I'm going blended. Sold half my 30K holding at $1.60, 'cause I left a nice piece on the table when I got greedy and had to chase $1.80 down to catch it. Still a good day for me, I was buried pretty deep. The remaining 15K shares have an .08 ASP as a result, so I have a grand total liability of $1,200 in MVIS. When you do the math, $1,200 at risk against a potential $75,000 (@ $5 per share buy-out, which is a fairly conservative estimate IF the deal goes through) LTCG profit is a no-brainer. I could sell this morning for an $11K+ profit, but that won't change our life, so I wait...

That's my core holding, I'll ride that to glory or bust. Been trying for days to buy a trading position, but every time the SP gets within fractions of a cent of my buy order it moves away from me. IceStationZebra and I are having the same luck. In any event, if I do land those shares I'm going to start washing them on .30 to .50 moves. Like I posted yesterday, the average acquisition takes 3 to 6 months...there are going to be some serious doldrum days (mixed with a couple of spikes on rumors, which is where I want to trade) in the interim. Most of the penny traders and momo guys will quickly move on.

Have the advantage of being a fairly affluent retiree. Not "wealthy" by GD standard, but in a position where I wasn't really sweating the $18K+ loss I was carrying before this all blew up. I guess that's a humble brag, not meant to be, just making my risk clear before someone follows me up the gangplank onto the Titanic

My turds are all sinking

My COP CONOCOPHILLIPS has been trying to do something. Its the only green one I got.

SRNE

Definitely in for some volatility

i am a poor homeless vagrant by GD criteria.  the vast bulk of my investment money is stashed in retirement accounts, as i am still in the rat race.

i started to do the multi 'day' trading as a means to generate some extra money.  if i can make 500-1k a day or trade session while minimizing my losing days, i am happy.

i really have gotten out of watching sports, dont watch 90% of the other crap on tv, and cant always go shooting.  so the stock market seemed like a possible winning 'hobby.'

i really got in with my first big call - martha stewart got sent to the big house and her company stock crashed.  i knew it would bounce back, and put some cash into it.  won big, and have been trading since.

good luck fellas and gals.

i think i am done today.  200 on MARK and 50 on GNUS.  not going to press my luck any further.

if there is enough drop on MVIS, i will get back in for monday.  i am thinking .60's or lower for me to buy.

i am also keeping an eye on EGHT.

Attached File

Cold, wet and grey here this morning, so here's my armchair estimation of where we are. These are all GUESSES! Again, I'm frequently wrong, just ask my wife

- CEO/BOD's plan was to spin off Near Eye Display (Hololens II), Interactive Display and possibly Display only to concentrate on LIDAR. Other companies have their own version of machine "sight", but MVIS' is very good and very compact. They've been talking to a couple of auto makers for a long time, but the auto guys have an un-Godly long lead time on their incorporation of novel tech. The potential "NO" vote on reverse split and dilution has put their plans at risk, and they're very unhappy. CEO told a shareholder on LinkedIn yesterday "trust is a two-way street". His feels are hurt because for the first time in 20 years they didn't get a blank check. If they sold those verticals, would they pay a dividend to shareholders? They'd almost have to, or face a vote of no confidence and removal. Would they risk that? They might. 30% probability.

- More and more investors are filing complaints with the SEC/FTC over trading irregularities. The FTC had already opened an investigation into the tech majors acquisition "habits", focusing on whether they drive small companies to the point of insolvency to buy them dead cheap. Someone has kept Microvision on life support for a very long time, never killing the host but profiting hugely from the volatility. My money is on a hedge fund, but that doesn't mean Microsoft, Apple, Amazon, et al aren't on the sidelines cheering. Could a very negative spotlight force MSFT to buy all of MVIS, when they only want a portion, just to make the pain go away? I think it could. That dramatic PR moment in Florida stank of powerplay with two parties sitting on opposite sides of a table negotiating value. Less than 10% probability, unless the SEC does their job.

- A consortium buy wouldn't surprise me, but it will take a very long time to negotiate and close. In the competition for the XR space (that's shorthand for augmented reality, virtual reality, etc), the competing technologies are falling away. MEMS LBS is coming out ahead, and none of the competitors in that market can afford to have a single rival "own" the optimal solution. They've done group buys before to keep from getting into a bidding war that would spike the acquisition price into the stratosphere. Damn shame, that  40% probability.

- Bankruptcy filing. Huge scary word for investors, unless you understand the situation and how subordinate debt works. When a company liquidates, there is an auction of the assets, and the proceeds go to satisfy the hierarchy of debt. The higher levels are always satisfied first, then the subordinate debt, until you're out of funds from the firesale. Guess who sits dead last in that little rank order? Yep, the shareholders...
  ...only, holy shit, MVIS has no debt. That means they settle the outstanding, trivial bills, severance for the employees and the entire remainder goes to the shareholders. I'm waiting for the BK threat from management, only they know an auction serves the same principle as a bidding war among the rivals. It might actually be the ideal outcome for the shareholders. Keep that in mind if you hear them threaten bankruptcy, it's critical...and management will try to frighten shareholders to press their proxy any day now. 20% probability.

That's my shot at the most probable outcomes right now. Does NOT account for wildcards, shenanigans (other then para 2), black swans, white knights, earthquakes, floods, ball hit a rock... Good luck if you continue the ride. It's going to be deadly dull for weeks, interspersed with moments of sheer terror. Kind of like war

BTW, I expect the ASM to be a real shit-show. Small run-up to big disappointment. It's going to be smoke and mirrors, NDAs and threats. Pay no heed, but watch for the hard sell off on the backside.

I've been bouncing in and out of this one for gains all day.  It is getting to the limit on where I'm willing to bet now though.

Originally in at just over $4 and out at $6.25.

That looks like a good one. I learned my lesson on buying on the highs

You think.

Attached File

Hell of a ride. Just got out at $8.84 Of course it was only 100 shares. I'll be poor over here

I have a feeling a lot of people are going to lose a lot of money on that.

Attached File


Yeah that should hold.

This is ridiculous. Attached File

I was in and out twice more.  I'm done.  A good little run but I'm not chasing it back down.

Seriously bots.

Attached File

Mayo and mustard only

Why they're still allowing that shit is one of life's great mysteries. Oh, wait, .0001 times 8 billion trades is...

...AND, it lets them walk the price up and down at will, or stall it completely. THIS is why the little guy has almost zero chance of doing well consistently in the market investing (as opposed to betting day trading, where, in reality the odds get worse).

I guess the bots fight each other. But they are just silly sometimes. How much money do they really make fighting each other over a .00001?

@osprey61

I finally got in at .805 and set my limit at 1.20 on 13k shares in my brokerage account.  I'm expecting a run this afternoon and Monday.  I'm just looking for enough to pay for the balance of my vacation and a sod project after taxes and tithes.

So it sound like Osprey and I are on the same page.

I, of course, have the 75K shares in my IRA that I don't dare day trade.  Sure as I do, they will announce a $7.5 sale.  I'm letting those ride as the profits already made will pay for the 75k remaining.  The worst I can do is break even.

I like having the shares in my brokerage account to scratch that itch and keep me from changing my mind on the 75k.

There will be a sale of at least a part of the company, preferably it all.  Apple buying NextVR seems to add some pressure to Microsoft.

They had some good news and popped today, but I'm skeptical of their claim of  '100% cure' (w,stte)...  in medicine/biology there is almost zilch that is 100%.  I doubt there will be much more growth in this company moving forward...  I'm not buying any.

23 x 0.00001 x 1M transactions is $1,184 per day

So figure out a bot which can manage 100k similar transactions and You’d have ~$70k a year scalping decimals

I agree, but I knew once the news made the rounds the FOMO would drive it up. If you bought when I posted and then sold in the $7-8 range you did quite nicely today.

I'll be looking closely for another re-entry.

Attached File

But that's if they win every transaction and they are fighting each other and whatever crazy news is out there too.

RNWK up 15% but I only had enough to buy 44 shares yesterday

I'm now set up for after and premarket trading.

So today my strategy -- presuming I get enough profits and the stock a relatively stable or going up -- is to wait until after hours to sell (if I decide to sell).

Who knows, I could have my finger on the sale button at 5pm and a sale announcement could come out.

That's my strategy and I'm sticking with it.

Looks like it's just going to be pretty flat.

MARK is diving, down to 1.25

Fuck

Anyone know what caused this?

Good time to lower your average purchase price!

Fuck is right.

Lesson: place order, then post; I missed the 1.21

Upside there. Nobody shorting into the ASM, too much risk. If we don't get a run-up my dreams of becoming a swing trader are off to a very poor start, but it indicates nobody is selling, either.