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re: Weekly Stock Market Plays/Thoughts - March/April

Posted on 4/20/17 at 7:48 am to
Posted by Greace
Member since May 2009
4696 posts
Posted on 4/20/17 at 7:48 am to
How high are we expecting this to go?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/20/17 at 7:49 am to
yep!

and this isnt even the compliance news
This post was edited on 4/20/17 at 7:55 am
Posted by jkcooper92
Louisiana
Member since Jun 2014
182 posts
Posted on 4/20/17 at 8:00 am to
Tigersnipen mentioned it the other day prior to a split and a few of us jumped in. Just been riding it not sure how high prices could go. They also announced this morning a company across all of Latin America got approval to commercialize a product.
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 4/20/17 at 8:00 am to
shite... oh well. I sold at $2.80 last week. It could really run with that low float.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/20/17 at 8:08 am to
needs to be over $5 for the tutes to buy in on NASDAQ, so keep that in mind
Posted by Greace
Member since May 2009
4696 posts
Posted on 4/20/17 at 8:17 am to
New to all this so I don't really know what that means. I bought in at 2.41 when someone said something last week
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/20/17 at 8:41 am to
im out fwiw, glta
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 4/20/17 at 8:50 am to
Did you taste 100% gainzzz?
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 4/20/17 at 8:53 am to
quote:

New to all this so I don't really know what that means. I bought in at 2.41 when someone said something last week

This bump is from retail buyers...you, me, and Rocket.
Rocket was saying that Institutions (big banks, investment firms, hedge funds) start buying at the $5 level, which usually gives the stock more momentum to go higher.
Posted by Greace
Member since May 2009
4696 posts
Posted on 4/20/17 at 8:54 am to
Ahh okay I get it. Makes sense
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/20/17 at 9:10 am to
just 80% in a week, nothing major
Posted by bayoubengals88
LA
Member since Sep 2007
18995 posts
Posted on 4/20/17 at 9:21 am to
Posted by Whiskey Richard
Member since May 2011
5924 posts
Posted on 4/20/17 at 9:45 am to
Hey guys I'm a noob when it comes to the stock market. I opened a TDA account via the app and deposited a little extra cash into it. I'm looking at making my first trade and was wondering if someone could explain the different reading options that are in the pic, and which one I should use.. thanks for any help

Posted by Whiskey Richard
Member since May 2011
5924 posts
Posted on 4/20/17 at 9:52 am to
Also, is the TD Ameritrade app a good one to use for trading, or should I be using a different app?
Posted by Old Money
Member since Sep 2012
36483 posts
Posted on 4/20/17 at 10:05 am to
IMO, open up a robinhood account since you're new. No comission and they'll stop you from blowing yourself up with PDT and other rules.

Google those terms on investopedia, you'll learn more that way

Market Order - LINK
This post was edited on 4/20/17 at 10:07 am
Posted by bmcmil2
Member since Dec 2016
74 posts
Posted on 4/20/17 at 10:07 am to
If you aren't sure which one to use you may want to do some reading and learning before jumping into a trade, but for starters, market buys or sells the stock at the current price of that particular stock. Limit directs that stock to be sold or purchased at the price you set. TD Ameritrade depends on your strategy because they are going to charge you for each trade. Long term investments this wont matter. It looks like based on the stock you have you are looking at penny stocks, I suggest getting a much better understanding before trading penny stocks. If you want no risk you can paper trade. If you have some money you just dont care if you lose I would suggest robinhood as there are no fees for trades.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/20/17 at 10:23 am to
quote:

IMO, open up a robinhood account since you're new.


this.


also, use limit orders on something with low volume (like MACK)

with a "limit" order you can bid, for example, MACK $3.15 and tried to get filled at the price

if you buy "market", its going to fill you whatever the stock is currently trading at, which could vary a lot depending on current volume
Posted by Whiskey Richard
Member since May 2011
5924 posts
Posted on 4/20/17 at 10:23 am to
Thanks to both of you for your replies.
Posted by Whiskey Richard
Member since May 2011
5924 posts
Posted on 4/20/17 at 10:26 am to
Will TD charge me to use that account to stockpile money in? Say I open a Robin hood account that I do more day trading out of; could I essentially use the TD account as a virtual savings and just roll like 15 to 20% of the funds into longer term options with less volatility?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 4/20/17 at 10:30 am to
i use both TD and RH for those reasons, TD only charges you to trade

also, since you use td ameritrade, download thinkorswim - it will seem overwhelming at first, but i could not trade without it
This post was edited on 4/20/17 at 10:31 am
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