I’ve been using it to get a feel for the trailing market orders and stop loss orders in the paper trading app. I do not see bracket orders in the TD app though. Is that under advanced orders?

This is why Robinhood halted trading. A bunch of autists who think they're sending a message by buying at $300+ thinking it was going to double or triple just got taught a nice lesson in liquidation using leverage. It's a real bad day to be down 60-70%, it's another to lose it all because they were liquidated before the opening bell. Robinhood had to step in before people started buying in at higher levels because it's absolute insanity that GME 10x-ed to begin with on a manipulative play. This is a textbook "why didn't the Governement step in and save us from ourselves?" After this I wouldn't be shocked if the Government puts down some more regulations about who is allowed to trade so they don't lose it all.

The stock market is a huge casino and the house always wins. Some people never learn.

quote:

Originally posted by Hildur:
This is why Robinhood halted trading. A bunch of autists who think they're sending a message by buying at $300+ thinking it was going to double or triple just got taught a nice lesson in liquidation using leverage. It's a real bad day to be down 60-70%, it's another to lose it all because they were liquidated before the opening bell. Robinhood had to step in before people started buying in at higher levels because it's absolute insanity that GME 10x-ed to begin with on a manipulative play.

The stock market is a huge casino and the house always wins. Some people never learn.

You can win too. Just have to be on top of things and move fast. Admittedly it was easier back in the day before HFT machines were shooting against you. The late 90s were fun.

quote:

Originally posted by FishOn:

Nah, you can win too. Just have to be on top of things and move fast. Admittedly it was easier back in the day before HFT machines were shooting against you. The late 90s were fun.

The key to beating a casino is to walk away when you're ahead. Most people don't and walk out empty handed.

quote:

Originally posted by Hildur:

quote:

Originally posted by FishOn:

Nah, you can win too. Just have to be on top of things and move fast. Admittedly it was easier back in the day before HFT machines were shooting against you. The late 90s were fun.

The key to beating a casino is to walk away with your winnings. Most people don't and walk out empty handed.

The difference is you always lose in the long term in a casino. If you know what you are doing you can make money in the market. Not many do though.

I wouldn’t throw the silver squeeze out with the GME bath water. The traction there goes way beyond Reddit. There is a worldwide group of bullion stackers who are energized by the thought of slapping the bankers who have artificially suppressed physical silver with paper silver futures manipulation.

quote:

Originally posted by TXJIM:
I wouldn’t throw the silver squeeze out with the GME bath water. The traction there goes way beyond Reddit. There is a worldwide group of bullion stackers who are energized by the thought of slapping the bankers who have artificially suppressed physical silver with paper silver futures manipulation.

Agreed silver a decent longer term play especially with the inflation trade and industrial demand, but yesterday's opening speculative gap was a fantastic sell-opp for traders.

quote:

Originally posted by Hildur:


The stock market is a huge casino and the house always wins. Some people never learn.

No, that's not accurate.

In a casino, you play against the house. The house always wins on a long enough timeline because the odds are intentionally stacked in the houses's favor. They are a business, and you are paying for entertainment.

The market is a game against the other players. There is no "house". Accordingly, many people consistently make money by being better than others at the game. In fact, overall, the market tends to return a pretty consistent 8-12%

Comparing trading and investing to gambling insults traders and discourages others from investing. We want people to invest and grow their wealth.

quote:

Originally posted by Hildur:
This is why Robinhood halted trading. A bunch of autists who think they're sending a message by buying at $300+ thinking it was going to double or triple just got taught a nice lesson in liquidation using leverage. It's a real bad day to be down 60-70%, it's another to lose it all because they were liquidated before the opening bell. Robinhood had to step in before people started buying in at higher levels because it's absolute insanity that GME 10x-ed to begin with on a manipulative play. This is a textbook "why didn't the Governement step in and save us from ourselves?" After this I wouldn't be shocked if the Government puts down some more regulations about who is allowed to trade so they don't lose it all.

The stock market is a huge casino and the house always wins. Some people never learn.

So do you think Robinhood should have the power to determine what people can buy and when? While I agree with you that lots of people were buying when it was high but isn't it their right to freely purchase stock of their choice even if it leads to their financial destruction? Since when should the government or business be in a position to pick and choose winners and losers.

As far as the markets go, anybody should be able to freely buy or sell any stocks they want IMO.

quote:

Originally posted by FishOn:

The difference is you always lose in the long term in a casino. If you know what you are doing you can make money in the market. Not many do though.

Don't confuse investing with day/swing trading. GME was not an investment for those who got in on it recently. They saw dollar signs and thought they could get in on the action which is why trading was halted because they were too stupid to realize that it already peaked and that the peak was the direct result of manipulation. Pump and dumps need useful idiots who are willing to lose money to make others rich.

quote:

Originally posted by Hildur:

quote:

Originally posted by FishOn:

The difference is you always lose in the long term in a casino. If you know what you are doing you can make money in the market. Not many do though.

Don't confuse investing with day/swing trading. GME was not an investment for those who got in on it recently. They saw dollar signs and thought they could get in on the action which is why trading was halted because they were too stupid to realize that it already peaked and that the peak was the direct result of manipulation. Pump and dumps need useful idiots who are willing to lose money to make others rich.

Trust me, I am not confused . I posted on Jan 28 this was going to get crushed.

quote:

Originally posted by Aeteocles:

In a casino, you play against the house. The house always wins on a long enough timeline because the odds are intentionally stacked in the houses's favor.

If you think the odds aren't stacked against you in the market then you're not as smart as you think you are. Do some research about the lengths to which these hedge funds go to gain an edge against your petty eTrade/TD account.

quote:

The market is a game against the other players. There is no "house".

If you can't spot the sucker at the table then you are the sucker. I hate to break it to you but there's a house. You may win against other "players" but make no mistake there is a house.

quote:

Accordingly, many people consistently make money by being better than others at the game.

Many people? 95% of people who day/swing trade lose money. Are you listening to yourself? Many people make money by being better than others... so the losers are in the minority and the majority are better and makes money? You make absolutely no sense.

quote:

In fact, overall, the market tends to return a pretty consistent 8-12%

Yeah I've seen the pamphlets.

quote:

Comparing trading and investing to gambling insults traders and discourages others from investing. We want people to invest and grow their wealth.

Real traders wouldn't take offense to what I said because they know it's true. I daytrade for a living so technically I'm in the 5% who makes money on a consistent basis and knows a thing or two about how this all works.

quote:

Originally posted by Hildur:

quote:

Originally posted by Aeteocles:

In a casino, you play against the house. The house always wins on a long enough timeline because the odds are intentionally stacked in the houses's favor.

If you think the odds aren't stacked against you in the market then you're not as smart as you think you are. Do some research about the lengths to which these hedge funds go to gain an edge against your petty eTrade/TD account.

quote:

The market is a game against the other players. There is no "house".

If you can't spot the sucker at the table then you are the sucker. I hate to break it to you but there's a house. You may win against other "players" but make no mistake there is a house.

quote:

Accordingly, many people consistently make money by being better than others at the game.

Many people? 95% of people who day/swing trade lose money. Are you listening to yourself? Many people make money by being better than others... so the losers are in the minority and the majority are better and makes money? You make absolutely no sense.

quote:

In fact, overall, the market tends to return a pretty consistent 8-12%

Yeah I've seen the pamphlets.

quote:

Comparing trading and investing to gambling insults traders and discourages others from investing. We want people to invest and grow their wealth.

Real traders wouldn't take offense to what I said because they know it's true. I daytrade for a living so technically I'm in the 5% who makes money on a consistent basis and knows a thing or two about how this all works.

No offense whatsoever. I was teaching technical analysis back in the early 90s when nobody had computers and our best tools were O'Neil's Daily Graphs. We've come a long way.

quote:

Originally posted by cruiser68:
So do you think Robinhood should have the power to determine what people can buy and when? While I agree with you that lots of people were buying when it was high but isn't it their right to freely purchase stock of their choice even if it leads to their financial destruction? Since when should the government or business be in a position to pick and choose winners and losers.

Setting aside the "RobinHood shouldn't be interfering with their user's right to free market access" issue, and the "RobinHood is in the pocket of the big hedge funds and trying to protect them" angle as pushed by the WSB guys, a factor that likely contributed to this is the wave of bad publicity RobinHood got last year after a number of younger, uninformed investors lost money in the market, including some suicides.

There was a decent amount of bad publicity for RobinHood at that point, with folks (including the media and some legislators) claiming that RobinHood hadn't done enough to educate/protect their users, and that RobinHood made the barrier for investing too low and opened the way for "unsophisticated investors" to be exploited.

So there's apparently a decent chunk of the country (ala the "nanny state" crowd) who believe that it is RobinHood's responsibility to "protect" their users from the reality of the stock market. As a result, RobinHood may very well have been concerned about the PR angle, whereby if a large chunk of their users lost their shirts in GME there would be another round of blowback on them in the media and social media. I could easily see that being a factor contributing to their "overprotective nanny" mindset. (Of course, now they still have a PR debacle on their hands, so it seems they might have been damned if they did/didn't, in that regard.)

For example: https://www.cnbc.com/2020/06/1...es-on-robinhood.html, https://www.kiplinger.com/inve...hood-traders-suicide , https://www.nytimes.com/2020/0...suicide-trading.html , etc.

I am well acquainted with gambling addiction as our local area has had casino gaming since 1992. We are the third largest market outside of Vegas.

There is considerable gambling going on in the market right now and it is not hard to find those that are in it for THE ACTION. One person out of twenty walks out of a casino with more money than he came with, nineteen lose. Casino management is in the Math business. I certainly do not think ANY governmental intervention is needed at this point in time in either the stock market or with casino gaming.

quote:

Originally posted by ZSMICHAEL:
I am well acquainted with gambling addiction as our local area has had casino gaming since 1992. We are the third largest market outside of Vegas.

There is considerable gambling going on in the market right now and it is not hard to find those that are in it for THE ACTION. One person out of twenty walks out of a casino with more money than he came with, nineteen lose. Casino management is in the Math business

Its true. We are in a major liquidity-driven speculative boom right now. Very similar to the late 90s. The stim checks are adding a lot of fuel to the fire. This will not last.

quote:

Originally posted by Hildur:

quote:

Originally posted by Aeteocles:

In a casino, you play against the house. The house always wins on a long enough timeline because the odds are intentionally stacked in the houses's favor.

If you think the odds aren't stacked against you in the market then you're not as smart as you think you are. Do some research about the lengths to which these hedge funds go to gain an edge against your petty eTrade/TD account.

quote:

The market is a game against the other players. There is no "house".

If you can't spot the sucker at the table then you are the sucker. I hate to break it to you but there's a house. You may win against other "players" but make no mistake there is a house.

quote:

Accordingly, many people consistently make money by being better than others at the game.

Many people? 95% of people who day/swing trade lose money. Are you listening to yourself? Many people make money by being better than others... so the losers are in the minority and the majority are better and makes money? You make absolutely no sense.

quote:

In fact, overall, the market tends to return a pretty consistent 8-12%

Yeah I've seen the pamphlets.

quote:

Comparing trading and investing to gambling insults traders and discourages others from investing. We want people to invest and grow their wealth.

Real traders wouldn't take offense to what I said because they know it's true. I daytrade for a living so technically I'm in the 5% who makes money on a consistent basis and knows a thing or two about how this all works.

Thanks for the reply, but I was talking about investors and traders together as a whole. Not traders separately and apart from investors.

Yes, investors (on the whole, even if you include the subset of traders) make money over time. I'm including people who do reasonable things like dollar cost average into an index fund.

My concern is that everytime someone comes along and says that the market is just a big casino, you get some lady that spends her whole life stuffing money under her mattress and then living off of social security because her mattress-bank hasn't kept up with inflation.

So, yeah, my thesis remains: the market, as a whole, is a zero sum game wherein you play against other players and not against the house. Some players will cheat, some players come with so much money that you can't beat them, but overall, you aren't just rolling the dice in a manner that gambling against the house suggests.

On a long enough timeline, the house "must" win. This is not so with investing, as millions upon millions of people invest successfully over their whole lives.

Edit to add: if you can trade for a living, then you must also support the argument that trading is not gambling. It's a learnable skill, which can be applied to a profession, otherwise you are literally saying your career is built on random chance (gambling). It may be a difficult skill to learn, but you aren't alone in the profession. So, there are, in fact, many traders who make money--like there are many doctors or lawyers or other professionals...

quote:

Originally posted by Aeteocles:

Thanks for the reply, but I was talking about investors and traders together as a whole. Not traders separately and apart from investors.

Trading and investing are nothing alike. That's like saying someone who collects rare guns is just like someone who is a competitive shooter even though one will never shoot his guns for as long as he owns them and the other will wear out his guns in a year or two.

quote:

Yes, investors (on the whole, even if you include the subset of traders) make money over time. I'm including people who do reasonable things like dollar cost average into an index fund.

...so far. We haven't had a nice crash in a while and things are shaping up for one in my opinion.

quote:

My concern is that everytime someone comes along and says that the market is just a big casino, you get some lady that spends her whole life stuffing money under her mattress and then living off of social security because her mattress-bank hasn't kept up with inflation.

Everyone has a different risk tolerance. On the other end you get a bunch of WSB autists who blow their life savings on a YOLO play. Guess who has more wealth after the dusts settles... the WSB "trader" or the woman who has a mattress full of money?

quote:

So, yeah, my thesis remains: the market, as a whole, is a zero sum game wherein you play against other players and not against the house. Some players will cheat, some players come with so much money that you can't beat them, but overall, you aren't just rolling the dice in a manner that gambling against the house suggests.

You're missing the point. Market makers dictate what will happen next. You're just along for the ride.

quote:

On a long enough timeline, the house "must" win. This is not so with investing, as millions upon millions of people invest successfully over their whole lives.

It's much more complex than that. Everything happens the way it's supposed to until it doesn't.

quote:

Originally posted by Aeteocles:

Edit to add: if you can trade for a living, then you must also support the argument that trading is not gambling. It's a learnable skill, which can be applied to a profession, otherwise you are literally saying your career is built on random chance (gambling). It may be a difficult skill to learn, but you aren't alone in the profession. So, there are, in fact, many traders who make money--like there are many doctors or lawyers or other professionals...

Like other professions you have to have a stomach for it. I could never be a politician because I hate liars. I could never be a doctor because I don't care for the sight of blood. I couldn't be a police officer because I don't have patience dealing with morons.

There's plenty of books on how to become a successful trader yet the ratio remains the same. I don't waste my time wondering if what I do can be learned or not nor do I try to convince others either way.

As for random chance that's exactly what I'm facing on a daily basis. Everything could point one way and it could go the other. I'll let you in on a little secret: I have a number in mind and when I hit it I'm out. If you think for a second that I consider myself to be some market wizard who can print endless money I'm not. I've had a good run and if I hit my mark I'm taking my own advice and leaving the casino while I'm ahead. Take from that what you will.

Agree with what you posted. What I have a big problem with is the fact that so many people believe citizens should have more access to the markets yet they believe the government should limit their potential losses.

Then again there are plenty of people that believe Socialism is a good thing.

quote:

Originally posted by RogueJSK:

quote:

Originally posted by cruiser68:
So do you think Robinhood should have the power to determine what people can buy and when? While I agree with you that lots of people were buying when it was high but isn't it their right to freely purchase stock of their choice even if it leads to their financial destruction? Since when should the government or business be in a position to pick and choose winners and losers.

Setting aside the "RobinHood shouldn't be interfering with their user's right to free market access" issue, and the "RobinHood is in the pocket of the big hedge funds and trying to protect them" angle as pushed by the WSB guys, a factor that likely contributed to this is the wave of bad publicity RobinHood got last year after a number of younger, uninformed investors lost money in the market, including some suicides.

There was a decent amount of bad publicity for RobinHood at that point, with folks (including the media and some legislators) claiming that RobinHood hadn't done enough to educate/protect their users, and that RobinHood made the barrier for investing too low and opened the way for "unsophisticated investors" to be exploited.

So there's apparently a decent chunk of the country (ala the "nanny state" crowd) who believe that it is RobinHood's responsibility to "protect" their users from the reality of the stock market. As a result, RobinHood may very well have been concerned about the PR angle, whereby if a large chunk of their users lost their shirts in GME there would be another round of blowback on them in the media and social media. I could easily see that being a factor contributing to their "overprotective nanny" mindset. (Of course, now they still have a PR debacle on their hands, so it seems they might have been damned if they did/didn't, in that regard.)

For example: https://www.cnbc.com/2020/06/1...es-on-robinhood.html, https://www.kiplinger.com/inve...hood-traders-suicide , https://www.nytimes.com/2020/0...suicide-trading.html , etc.