Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
After I finished my review on the STX trade, I saw an opportunity for a new trade on STX lol.
I have 16 contracts @ $1.84 w/ a 12 cent stop or so on the weeklies that expire by the end of the week. This is a very very very speculative position imo. Much more than I am used to but with the signal showing on the 1m chart, I don't need much time to be proven right/wrong. I am gonna be probably closing out at least a portion @ the end of the day if I am not stopped out.
Stopped out of the trade and encountered $0.07 slippage at $16/cent. So on a $200 trade I lost like $315. Meh.
My Think or Swim account now has three day trades in two trading days so I have to be careful what I trade if I choose to use the account for anything else. Might transfer some money to a different account anyways, I don't need that much in this account since it is a backup with higher commission than my other accounts.
I am glad that I let some options ride overall so I was able to take advantage of the continuation of the move higher. Huge up day for Alcoa. I am bullish on Basic Materials and I will look for another liquid representative to trade