Talking stocks, trading, and investing in general

[modee]

Lot of trade opportunity in AMZN today, it dipped startlingly low. I got in at 688 - 692, went even lower but bounced back.

jhilly8982 you started this argument with me, you're the one that cares. All I did was post a few actual trades, I didn't challenge anything you said other than the absurd "market is rigged" statement. I wish I knew who you were so I could tell all your clients that you think the market is "rigged" - anyone with such a conspiracy theory I would never give my money to.

There are others like you with such theories. You remind me of an ex-broker of mine, from Boca Raton. These "conspiracy theory" types tend to come from Florida for some reason. He lost his license.

Good luck, I wish you the best. Live and let live, don't think that everyone has to do it the same way!

[Passionata]

Originally Posted by ct.matt

I'm wondering, how do you guys forget/get over/don't have regrets? I regret that I didn't transfer most of my euros out of Europe into my US account as it's precipitously declining. If I think about the average highs and how much more I'd have right now it makes me want to scream (at least a little). Or stocks you've held on for too long? Most of these things are beyond my control, at least what's causal. However, I wish I was smarter to react more effectively and quicker.

Sent from my SAMSUNG-SM-G935A using Tapatalk

€$ isn t that bad £$ is an other story

[jhilly8982]

Originally Posted by modee

jhilly8982 I wish I knew who you were so I could tell all your clients that you think the market is "rigged" - anyone with such a conspiracy theory I would never give my money to

No clients, proprietary trading is with the firms capital.

market structure is broken and the regulatory agencies don't have the money or the know how to monitor and fix it.

[modee]

"market structure is broken and the regulatory agencies don't have the money or the know how to monitor and fix it" - that's quite different from rigged, which implies that the market makers sit down and draw the path/chart of a stock in advance.

[BNA/LION]

Originally Posted by bnalion

great time to buy stocks, again, if you have cash on the side. I'm going shopping just like i did the last major market pullback!

Still buy or hold mode on hrtx...
Still like rttr long term too...

[jhilly8982]

Originally Posted by modee

"market structure is broken and the regulatory agencies don't have the money or the know how to monitor and fix it" - that's quite different from rigged, which implies that the market makers sit down and draw the path/chart of a stock in advance.

Rigged in the sense that bigger players can see your order routing code and jump in front of your orders if they choose.

Rigged can have a few different meanings, but fixing or colluding the price of a stock is not what I was talking about.

[modee]

Originally Posted by jhilly8982

Rigged in the sense that bigger players can see your order routing code and jump in front of your orders if they choose.

That's extremely interesting to me that you say that because I find exactly the opposite - that the little players jump in front of me to try and beat me out. My friends and I call it "monkey business."

EXAMPLE: I'm trying to buy or sell 1000 Amzn at 699 while the stock is 2 points away. As the stock gets close some punk junps in front of me with a bid or ask just 0.01 away, for 100 shares. Then some other small fry does the same at that or close. Next thing you know 500 shares are being sought at a price fractionally better than my limit order. Now, if the stock ends up shooting through my limit, I get filled anyway, but I can't tell you how many times this sort of thing happens to me. When you're a Mack Truck trying to swerve into a country lane sometimes you gotta direct the competing traffic away.

One of my friends says to get filled on my large orders I gotta go in "at market" which means that if I'm buying to go in with a limit order at the ask, or if I'm selling go in with a limit at the bid. But I'm too cheap to do that. I can't tell you how many times I end up with partial fills.

[77T]

"Rigged" as in a "Flash Boys" version of HFT companies technology to front run.

IEX has hopes to level the field: http://www.fastcoexist.com/3056109/t...quency-trading

[modee]

At just over $29K booked in trade profits for June. And I'm pretty conservative in my trades. But long term holds took a hit since Friday, and even today's rally isn't bringing them back yet.

[jhilly8982]

Originally Posted by modee

That's extremely interesting to me that you say that because I find exactly the opposite - that the little players jump in front of me to try and beat me out. My friends and I call it "monkey business."

EXAMPLE: I'm trying to buy or sell 1000 Amzn at 699 while the stock is 2 points away. As the stock gets close some punk junps in front of me with a bid or ask just 0.01 away, for 100 shares. Then some other small fry does the same at that or close. Next thing you know 500 shares are being sought at a price fractionally better than my limit order. Now, if the stock ends up shooting through my limit, I get filled anyway, but I can't tell you how many times this sort of thing happens to me. When you're a Mack Truck trying to swerve into a country lane sometimes you gotta direct the competing traffic away.

One of my friends says to get filled on my large orders I gotta go in "at market" which means that if I'm buying to go in with a limit order at the ask, or if I'm selling go in with a limit at the bid. But I'm too cheap to do that. I can't tell you how many times I end up with partial fills.

What you just described are HFT algos jumping in front of limit orders. Your buddy is right, if you want to get filled right away, use a market order. So they aren't small fries so to speak, just a large HFT that does this hundred of thousands a times a day. All they want is to flip a tick (penny)

When you put an order in through whatever software you use, you have a routing code, that code describes what type of trader you are, institutional, market maker, retail, etc. An HFT firm uses this info to decide whether they want to jump in front of your order, or get out of your way (institutional) all faster than you can blink your eye.

[modee]

In a 1000 sh short of CMG at 404. OptionsHouse went kaput after I tried to modify the cover to 403.8 My original cover 403.5 Both would have filled by now, but I have no confirmation! and the stock is back over 405 now. Phoned in, they said they will compensate me for any loss due to system wide failure, but that even the telephone broker has no access to any OH accounts right now. This is crazy.

I was watching level 2 I saw my 403.5 sitting there 1000 sh but I'm not sure if it filled. Stock went as low as 403.2 x 403.4 so it should have.

http://www.modeeworld.com/forums/for...1009#post71009

[modee]

Just logged in - system access, I was filled at 403.5 It did not show as filled at first, then a few seconds later it showed that the fill happened at 8:25 am PST.

Scary. Stock is at 406 now.

[azguy]

why Bela Lugosi as your avatar

[iliketime]

Originally Posted by modee

In a 1000 sh short of CMG at 404. OptionsHouse went kaput after I tried to modify the cover to 403.8 My original cover 403.5 Both would have filled by now, but I have no confirmation! and the stock is back over 405 now. Phoned in, they said they will compensate me for any loss due to system wide failure, but that even the telephone broker has no access to any OH accounts right now. This is crazy.

I was watching level 2 I saw my 403.5 sitting there 1000 sh but I'm not sure if it filled. Stock went as low as 403.2 x 403.4 so it should have.

http://www.modeeworld.com/forums/for...1009#post71009

but essentially you are covered?

[modee]

I am covered! Miller time. Well a little early, plus I don't drink, so espresso time! lol

I sometimes do risky/bonehead trades like that, entering a short price just above the current price. Somehow, it always seems to work out but then when I do such things I am usually looking for just a half point or one point. But sometimes I get lucky and next thing you know the stock collapses! before I can even think about covering, and then I GOT 'EM! By the tail.


I had orders in to short AMZN at 719.25, and CMG again at 407.5 but I booked my $1K for the day, $500. on CMG and $500. on an earlier trade, so I let them go. Pity, would have worked too.

[dmc]

Originally Posted by modee

Just logged in - system access, I was filled at 403.5 It did not show as filled at first, then a few seconds later it showed that the fill happened at 8:25 am PST.

Scary. Stock is at 406 now.

I think someone was trying to help you.

Quick, buy it now, its making a run.

[modee]

dmc you are so right. Better than this short would have been just buy buy buy at 403.5

AMZN at 718 and cmg at 406+ now, I'm hesitant to do anything now...either way.

[modee]

Originally Posted by azguy

why Bela Lugosi as your avatar

Been a fan since I watched Ed Wood. And before but especially after.



Pull da string!

[modee]

Originally Posted by modee

I was watching level 2 I saw my 403.5 sitting there 1000 sh but I'm not sure if it filled. Stock went as low as 403.2 x 403.4 so it should have.

http://www.modeeworld.com/forums/for...1009#post71009

BTW I was watching Level 2 on my TD Ameritrade account. OH has no Level 2 anyway, and was dead dead. Dead.

[GB-man]

What I'm curious about was there's threads on your modeeworld forum pertaining to buying and selling eBay and verified PayPal accounts. Says only accessible by forum members. Is that legal?



Also selling fake currency????


Hopefully I'm missing something here. I came across it by clicking on the link you posted.

[1st amg]

Hmmmm, Modee is fairly new around here...maybe Tom is onto something

[modee]

Actually all of Modeeworld is accessible by anyone.

But there is nothing "legal" or "illegal" about closing portions of an online forum to some, if that is what you mean? For example at Rolex Forums only subscribed members may post in certain areas. I know of other forums where certain sections are closed to non subscribed members.

[modee]

Actually GB-man I just realized - you're referring to (soft) DELETED threads. Threads that admin or mods soft deleted such that they should be visible only to admin/mods. I will need to adjust that setting. Thanks! for the heads up.

By the way I post a link here to an outside thread, including to Modeeworld, only where it's already been said elsewhere so why repeat.

[jhilly8982]

I think he is talking about the legality of buying and selling verified eBay accounts.

[modee]

I suppose he should talk about that over at that forum, has nothing to do with this topic in this thread.


Market is trying to decide which way to go right now.

[modee]

I'm tired I clicked to buy 100 amzn @716, just 100, but it was set to sell, so it put me in short at 716.18 Ironically now AMZN is down to 713, will cover.

[modee]

What a stock, enter an erroneous trade at 716, no problem! cover at 713. And if I had bought at 716, and watched it go down to 713, still, no problem! it went back to 719. AMZN and GOOGL are beautiful like this on most days - really hard to lose money, as long as you're willing to wait it out.

[GB-man]

Well looks like short tesla is the next trade.

[iliketime]

look at those pm prices go!

[Etschell]

i continue to hold my opgsx which i bought at 12 - 14 a share.

sometimes you get lucky :)