Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[MTG#10]

Originally Posted by jjchieffan

There is no premarket or aftermarket for OTC. You can see bids and asks change, but you can't buy or sell.

Any idea what this is about then? It shows $4.86 AH.

https://www.google.com/finance/quote/MMEDF:OTCMKTS

[lewdog]

Originally Posted by jjchieffan

There is no premarket or aftermarket for OTC. You can see bids and asks change, but you can't buy or sell.

I thought you were correct too but....

It’s showing movement after hours. How does that work?

[neech]

Originally Posted by lewdog

Sold half my position at 78 after hours.

Unfortunately I can’t watch the market as close as I would like and I should’ve bought that stock earlier in the day as well. I’ll see what selling opportunities there are tomorrow. If not I’ll hold on to it for the next day and so forth and so on.

[eDave]

Originally Posted by neech

Unfortunately I can’t watch the market as close as I would like and I should’ve bought that stock earlier in the day as well. I’ll see what selling opportunities there are tomorrow. If not I’ll hold on to it for the next day and so forth and so on.

Webull

[jjchieffan]

Originally Posted by MTG#10

Any idea what this is about then? It shows $4.86 AH.

https://www.google.com/finance/quote/MMEDF:OTCMKTS

I'm not completely sure, but I believe that people are putting in buy and sell orders for tomorrow and those bids and asks are making it appear that there is AH movement, because I've never known of any way to actually buy or sell OTC outside of market hours.

[lewdog]

Originally Posted by neech

Unfortunately I can’t watch the market as close as I would like and I should’ve bought that stock earlier in the day as well. I’ll see what selling opportunities there are tomorrow. If not I’ll hold on to it for the next day and so forth and so on.

Your entry wasn't horrible, especially with it at 76.50 to end day. You're up nicely!

I can't watch it as much as I want either. Which is why Buy Stop Market orders work for purchasing on breakout like I described in previous posts.

Also, many stocks will spike intraday or pre/post market. You can keep sell orders at GTC (good-til cancelled). This allows you to catch those brief moments that a stock catches a high, which is exactly what I did selling WIRE at 78 post market. I had an order set and it hit, I wasn't watching. I also have an 80 sell order for 25% more of my position on WIRE at GTC. I may then let the remaining 25% of my position run while raising my stop loss to break even. The entire time I'm doing this my stop order remains in place as a safety net. If none of my sell orders hit and the stock tanked on earnings, I would liquidate my entire position at my stop loss of 68.88.

So think about a sell price for some of your position tomorrow given it's at 76.50 after hours (5% gain for you?) and set it before the day begins ($78-79? at 25-50% of you position?). It can trigger, even though you are busy and can't watch. Scaling out of trades makes sure you have winners. Lock in gains when the stock shows you them, but also allow some of the position a chance to run a bit higher if you like and raise that stop as you do this. Too many trades get caught up in some price target mentioned somewhere. In reality, lock in gains when a stock shows you them, that's what trading is about. There's always more fish in the sea if your trading rules are working.

I started today at 20% cash and started 2 new positions to start today, meaning I was 100% invested at market open. Throughout the day I scaled out of numerous positions and now sit at 30% cash, while my total account value went up 6% today (6% is not normal, this was a great day!) But you get the idea. I go back to my watchlist I posted on the weekend or screen for other charts that may meet my criteria. Hit and move on!

[neech]

Originally Posted by lewdog

Your entry wasn't horrible, especially with it at 76.50 to end day. You're up nicely!

I can't watch it as much as I want either. Which is why Buy Stop Market orders work for purchasing on breakout like I described in previous posts.

Also, many stocks will spike intraday or pre/post market. You can keep sell orders at GTC (good-til cancelled). This allows you to catch those brief moments that a stock catches a high, which is exactly what I did selling WIRE at 78 post market. I had an order set and it hit, I wasn't watching. I also have an 80 sell order for 25% more of my position on WIRE at GTC. I may then let the remaining 25% of my position run while raising my stop loss to break even. The entire time I'm doing this my stop order remains in place as a safety net.

So think about a sell price for some of your position tomorrow and set it before the day begins ($79? at 25% of you position?). It can trigger, even though you are busy and can't watch.

I need to do that you're right, I do take advantage of those tools and other times I'll say to myself, I have things I have to do I'll come back and see what's going on with the stock later on.

[neech]

Originally Posted by lewdog

I started today at 20% cash and started 2 new positions to start today, meaning I was 100% invested at market open. Throughout the day I scaled out of numerous positions and now sit at 30% cash, while my total account value went up 6% today (6% is not normal, this was a great day!) But you get the idea. I go back to my watchlist I posted on the weekend or screen for other charts that may meet my criteria. Hit and move on!

Nice strategy.

[MTG#10]

MNMD currently $5.90 premarket. Did anyone get in yesterday before the ticker change?

[neech]

Originally Posted by MTG#10

MNMD currently $5.90 premarket. Did anyone get in yesterday before the ticker change?

I did my friend at 4.28 I have 300 shares, thinking of getting a little more this morning.

What are you going to do?

VYGVF looks like its going to take off also today.

[MTG#10]

Originally Posted by neech

I did my friend at 4.28 I have 300 shares, thinking of getting a little more this morning.

What are you going to do?

VYGVF looks like its going to take off also today.

I am just going to stay at 350 and set some small amount sell orders from 6 to 8 and see what happens.

[neech]

Originally Posted by MTG#10

I am just going to stay at 350 and set some small amount sell orders from 6 to 8 and see what happens.

I didn't get in early yesterday to get the better price but I'll take what I have now that's for sure.

OCGN might be one to watch, its going to dip this morning but I believe it will go back up.

[MTG#10]

Originally Posted by neech

I didn't get in early yesterday to get the better price but I'll take what I have now that's for sure.

OCGN might be one to watch, its going to dip this morning but I believe it will go back up.

You did better than me, my average is 4.35.

[lewdog]

Looking at VLRS today. It attempted breakout and then squatted yesterday. If I enter stop will be very tight. Entry 16.30 with stop max to 15.75 but more likely 16.

CROX from yesterday up 12% premarket. I’m trimming half my position at 11% gain.

[KCUnited]

Any analytics out there on put options after a single day run up of [x percent]?

Thought about it for BNGO after yesterdays push which is down ~5% already this morning.