ETF for dummies

[Stoplight]

You can go here https://collective2.com/, pick a strategy, pay the fee and start trading immediately. You can also set up auto-trade which means anytime the developer makes a trade your brokerage account mirrors it. Very useful for FOREX, OPTIONS, FUTURES and VIX which may be traded multiple times a day

FYI...Both Userque and I-T have subscription services available there...perhaps others that also frequent this Board ?


Stoplight...

 

[Maricar19]

Can somebody kindly explain how a "stop loss"works?
i bought share at $30.95 each. I put a stopl loss sale order for $33. in a matter of seconds after putting the order, my shares git sold at $30.86. What happened?

 

[tsptalk]

You wanted to put in a limit order.

A stop is for losses. If you bought at 30.95 and wanted to sell if it fell below $30 you'd put a stop loss order of $29.95 or something close.

It you want to take profits if it hits $33, you put in a limit order to sell.

You told it to sell if it goes below $33 so it was hit right away.

 

[Tsunami]

You set your price on the wrong side of the current price. A stop loss means just that, when the price falls to a certain point you'd want to sell in order to prevent losing more money as it continues to fall. So you would want to set your stop loss price below $30.95, and not too close to that price since small daily fluctuations could trigger the sale.

 

[offroad]

And you likely paid for the trade to buy the trade. And paid to sell the trade. So you likely lost some money for the trade costs.


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[Maricar19]

You wanted to put in a limit order.

A stop is for losses. If you bought at 30.95 and wanted to sell if it fell below $30 you'd put a stop loss order of $29.95 or something close.

It you want to take profits if it hits $33, you put in a limit order to sell.

You told it to sell if it goes below $33 so it was hit right away.

Thanks for the response. I am learning this the hard way. But all in all, it's good.

 

[Maricar19]

Fortunately, Iam using Robinhood, where I don't pay any fees. Robinhood - Referral

And you likely paid for the trade to buy the trade. And paid to sell the trade. So you likely lost some money for the trade costs.

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[offroad]

Does ROBINHOOD do ETF funds ? And can it handle self directed IRA accounts?


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[Maricar19]

Does ROBINHOOD do ETF funds ? And can it handle self directed IRA accounts?

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ETF -yes. IRA-not sure, but probably not...

 

[offroad]

Moving from vanguard to a self directed Ira and ROBINHOOD would be nice. Need to investigate this.


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[Maricar19]

Moving from vanguard to a self directed Ira and ROBINHOOD would be nice. Need to investigate this.

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Just one favor, if you decide to try Robinhood, please use my referral link, that way, My account will be upgraded to Robibhood Instant.

 

[offroad]

Try out collective2.com web site. It supposedly is a good tool to watch trends and consider where you need to place your resources. It's not too costly for a stock trend service. Have yet to try it myself.


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[Maricar19]

Question from a dummy:
what is the effect of a fed hike with the price of gold?
if interest rates go up, will the price of gold go up? Or is it inversely correlated?

 

[userque]

Question from a dummy:
what is the effect of a fed hike with the price of gold?
if interest rates go up, will the price of gold go up? Or is it inversely correlated?

You are far from a dummy.

How a Rate Hike Could Impact Gold
How a Rate Hike Could Impact Gold | Investopedia

"When interest rates are hiked the U.S. dollar appreciates, which leads to gold moving lower. Investors have sought gold recently because it is seen as a safe haven, there isn’t much interest in the fixed-income market and stocks are volatile. Once the Federal Reserve backed off on its four expected rate hikes for 2016, gold skyrocketed delivering its biggest quarterly gain in 30 years in the first quarter of 2016. Adding fuel to gold’s rally was the Federal Reserve not ruling out the possibility of negative interest rates. However, conditions have changed. ..."

 

[tsptalk]

In general when interest rates are rising it usually is a sign that the economy is growing, and that tends to help the dollar, which puts pressure on the price of gold. That's what has happened recently, but it's not always a clean correlation.

You can see that recently interest rates (yields I should say) and gold have been going in different directions.

 

[Maricar19]

Thanks, USERQUE AND Tsp talk.

i hooe DUST won't plummet too much today...need it to be $54....LOL
bought the inverse of nugt yesterday. Bought a littke too high...
keeping my fingers crossed. Dust has been good to me since Nov. 8

 

[userque]

Thanks, USERQUE AND Tsp talk.

i hooe DUST won't plummet too much today...need it to be $54....LOL
bought the inverse of nugt yesterday. Bought a littke too high...
keeping my fingers crossed. Dust has been good to me since Nov. 8

I don't trade big around fomc days, but I've got a little dust too since close yesterday.

 

[Maricar19]

I don't trade big around fomc days, but I've got a little dust too since close yesterday.

Thanks for the tip, should have been patient and watched from the sidelines..
I got a littke antsy yesterday because I missed the action Monday at $55, so bought at high $52 yesterday. Now, i am really in the action...:banghead::dunno::Flush:

 

[tsptalk]

Be careful with gold. I suspect it has been in a "sell the rumor" mode for the last few months. Could that mean a "buy the news" possibility? Well, now that I've said it out loud, probably not.

 

[tsptalk]

Expect the unexpected. Gold was supposed to soar if Trump won the election, and it did... for about an hour.