I heard a few of my coworkers buzzing about this one, while they played around with it on their iPhones. One had bought a single share of MSFT, which he would check daily and tend like a private garden, and the other was playing around with penny-stocks, where he had scalped a few pennies off some shares of a broken-down company called "Wetseal".
The logic of speculative trades, especially with small trades and low-end equities, changes mightily when you remove even an $8 commission from the math. I can now buy a stock at .04, sell it for .05, and book a clean 25% profit from the trade. I just need to be square with Uncle Sam at the end of the year so the Modern Monetary Theory guys don't sic the Marines on me.
This looks like a lot of fun to me, so I've opened an account for trades in Deflation Land.
One hundred dollars! |
Once this clears, I'll start investing in the America and posting trades here from the account. Of course, it will be most likely UVXY and XIV plays back and forth, because these are ETFs which I enjoy playing elsewhere.
No, I can't trade options, not yet, at any rate. Wouldn't that be something?
And if the little fledgling Robinhood.com is swallowed up in the fire of a derivatives meltdown, whether of their own or someone else's making, hey, it's only a hundred bucks.
It's like I'm buying the blog a cashmere sweater or taking her out to dinner.
So let's trade!
11 comments:
I should be able to corner the TVIX market with this much money, really throw my weight around.
Anyone else seriously interested in joining Robinhood, please drop my a line. I have ONE invite left and a few conditions to sending it to you.
Its an interesting concept, I think I remember seeing the founder/s on cnbc or bloomberg last year.
I guess they make their money from interest on account cash deposits.
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My only concern is that its such a small time operation, it could easily fail by poor/too small management.
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*I'd consider buying 1 share of FB... so I can give it the PD kiss of death.
Hi,
I'm interested in joining Robinhood.
As far as TVIX is concerned, I'm buried into it and I've never seen such a useless instrument before.
UVXY is much more tradable. In TVIX gains never lasted more than 5 mins.
Please do your own relearch.
Thx
Send me an email and it's yours. Beats waiting in line with 500k others, huh?
Please check in from time to time on your experience.
re: TVIX and UVXY, actually they trade within 95/99% of eachother.
Go stare at an hourly or daily chart. They are VERY similar.
I still see great potential in this tape, but the Yen likely needs to plummet to make this happen.
Here's what we need to make a final high / Bollinger Band grab -- capitulation selling on the JPY.
I have this feeling, I don't know why, exactly, that I need to run up to Vancouver, BC, some weekend for good sushi.
CG
Does that mean Vancouver real estate will finally be affordable? ;-) Boy did I miss that run. Vancouver one of my favorite and so is Victoria Island.
Yeah, have some sashimi for me; and some tuna (tekka maki), cucumber (kappa maki), and egg (tamagoyaki) too!
Quick run up the rest of the day and pop into tomorrow then deep sell off based on 'disappointing' EU news? Yeah, maybe...
As a Canadian I would like to thank our benevolent overlords for nuking our already struggling currency. That'll improve my standard of living.
NEVER SAY DIE
You perma-bears ... LOL
I've got a chart for this, will post in a bit.
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