What's the difference in my results? Would it not be simpler to use Robinhood because there would be fewer restrictions and penalties? Or am I missing something?
Submitted November 27, 2018 at 06:45PM by patrickthag https://ift.tt/2SeyYV3
What's the difference in my results? Would it not be simpler to use Robinhood because there would be fewer restrictions and penalties? Or am I missing something?
I've been trading for nearly 3 years, and quite honestly I stink. I've used every resource I've been able to find, every strategy I can find I've researched, I've tried to learn everything I can. I know that money makers corrupt the market and make it really challenging, but I know that there are some successful traders out there. What do they do? Buy long term hold dividend stocks? Short 'pump and dumps'? Day trade? Swing trade? I've watched the market every day for over 2.5 years, and it's all still so confusing. Anyone have any wisdom?
A question often asked is if ETFs are any good? Do they do reflect the correct prices? There are enough haters of ETFs and ETNs. So I compared GLD and SLV with underlying futures to see the tracking error.
GLD has done a fairly good job of tracking Gold futures especially in the short time periods. Bear in mind that even using futures as instruments it's not possible to track gold prices exactly due to roll over of futures contracts.
https://www.grufity.com/grufity/GLD.GC
Found very similar results for SLV and Silver futures.
Bear in mind, ETFs and ETNs should never be used for long-term investing without considering the counterparty risks that all of them carry.
Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging!
Below are my notes from 27 November 2018 as of mid-morning. (This list is limited to companies with market cap >$500 million, and also excludes VIX, short ETFs, etc, as these just reflect the market, rather than individual companies.)
| Today | Company | Driving the stock |
|---|---|---|
| 19% | Bluegreen Vacations Corporation (BXG) | Unclear, could be due to share buyback (Vacation timeshares) |
| VM1166:1 8% | Addus HomeCare Corporation (ADUS) | Unclear (Elderly home care) |
| VM1166:1 19% | Bluegreen Vacations Corporation (BXG) | Unclear, could be due to share buyback (Vacation timeshares) |
| VM1166:1 16% | Spirit Airlines Inc. (SAVE) | Increased forecast for revenue per available seat mile (RASM) (Airline) |
| VM1166:1 13% | Frontline Ltd. (FRO) | Rising on increasing oil prices rise ahead of G-20, OPEC meetings (Oil shipping) |
| VM1166:1 12% | DHT Holdings Inc. (DHT) | Rising on increasing oil prices rise ahead of G-20, OPEC meetings (Oil shipping) |
| VM1166:1 8% | Addus HomeCare Corporation (ADUS) | Unclear (Elderly home care) |
| Today | Company | Driving the stock |
|---|---|---|
| -18% | G1 Therapeutics Inc. (GTHX) | Mixed results from mid-stage study of trilaciclib (Pharma, cancer therapies) |
| VM1166:1 -10% | ACADIA Pharmaceuticals Inc. (ACAD) | Mixed reaction to depression study results (Pharma, nervous system therapies) |
| VM1166:1 -9% | Amarin Corporation plc (AMRN) | Concerns about drug effectiveness (Cardiovascular drugs) |
| VM1166:1 -8% | Halozyme Therapeutics Inc. (HALO) | Mixed reaction to pancreatic cancer drug (Pharma, cancer therapies) |
| VM1166:1 -8% | Alta Mesa Resources Inc. (AMR) | Beat revenue/earnings but cautioned on industry trends (Oil drilling) |