HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
This isn't one stocks moving because of news or other reasons this is just up a tick and down a tick. After taking
a 3 hour nap and watching a football game I'm still up over $13 million. If I hadn't done that I figure I would probably be up 22-25 million today.You seem to think because I took time off I don't make much money. :)
The point is there is relatively little skill involved. Before the changes we got stocks that did flips but we didn't get these marathon sessions what it would flip for hours on end.
HSX is between a rock and a hard place on comm free with out it this place is a ghost town. they make a big deal on showing the math just encase somebody is trying to manipulate a stock but they haven't put a stop to stock that flip a 100+ times? That's kind of odd. Doesn't say much about their long term strategy of getting people to hold long term. Personally I think daytrading doesn't really change a stocks general direction of trading. It is just a short term blip.
You look at the top ten each week and you week see it is pretty much the same top 10 every week. Number 1 makes about 40 million week in and week out.
I do around 30 and that's with me taking time off on the weekends and not having access to a computer usually during the week at work.
Tell you what, I have to go to a football game next Saturday but if something doesn't come up I'll power trade the Saturday after that. We can compare our takes at the end of the day when stocks reset at 1 am HSX. I just wish comm free extended through Sunday as that's my real veg day, And unless the Cowboys are playing I'd just trade right through the other games.
Hey D.Mac can we change comm free to 9 pm Saturday to 9 pm Sunday. :)
This really doesn't have any thing to do with me doing other things, I make 10 million any given Saturday with out even breaking a sweat.If I power trade I can do north of 20 million with out breaking much of a sweat either.
No one will ever catch number one, A few people have a shot at me. But there are few even in the top 100 that have a shot at top 10. Even those with billion $ ports will find it tough to crack the top 100. We know how to play and we know how to play efficiently We don't have a lot of wasted motion in our trading.
The point being is #1, myself and other power traders this isn't even a challenge. It's just grunt work. And unless it's a really interesting game I just play while watching football. It cuts the boredom.
Maybe HSX should experiment where instead of comm free they charge a 1/2 point or a 1/4 point at least then people would still have to think about if the trade is worth it? Commission Saturdays aren't a big deal seeing as what a pain in the butt reshorting your port is. Though it does work well for buying bonds. :)
Lets take TWLI2 today. If HSX changes to a 1/8 point for commission Saturdays it would cost $29,875 to flip and a you would make $37,500 on one tick of .75 cents gives a net of $7625 which is about the same as flipping a penny stock and since both are basically grunt work and risk free I don't see any problem with this. At least now people would have to think about if it was worth their time. It would be different if the maga flippers were stocks that moved other then .63 and .75 but they aren't but they take about the same amount of time to trade as the pennies. And at this price this will have little impact on the start of Comm Less, stocks are still going to drop like crazy and then bounce. This isn't going to stop trading on Saturdays just as the 1% doesn't stop trading during the week. But it will require people to assess if it's worth there time at even this nominal cost. One tick trading belongs with the pennies not the $200 stocks. And 1/8 would basically level the playing field but still allowing people to make trades and get out of expensive positions at a nominal cost.
It's still fake money at the end of the day. So if they brought back Comm On you shouldn't mind that either. You just like it because it's easy to make money and it's risk free. Even IPOs that are slam-dunks and move $20 have risks you could miss the reverse or take profits to soon. You are talking apples and oranges when you compare that to one tick trading.
Just my 200 cents here.
I think HSX needs to get control of this. It's a crap way to make money... Sep 19, 22:01
Then just hold it one way and stop worrying so much about flipping and riding it up and down. Sheesh. {nm} Sep 20, 10:09
You do realize I'm a daytrader, don't you? I think it's genetically impossible for me to ignore movement... Sep 20, 10:27
Heh .. I second that. {nm} Sep 20, 12:08
i actually like it at 50K cause it can really help you alot more than 20k it makes it more challenging i think {nm} Sep 20, 21:16
Commission-free trading Sep 21, 10:24
ach ... their not there. {nm} Sep 21, 17:16
Why was the studio moviefunds cashed out? {nm} Sep 22, 16:01
10 Billion with a capital B. I'm ambivalent; I just ignore Saturday swings, except for my futile effort today. {nm} Sep 19, 23:01
Yes, I meant Billion. (I'm so HSX poor I'm just used to typing million. Billion isn't even in my HSX vocabulary.) {nm} Sep 19, 23:16
This isn't one stocks moving because of news or other reasons this is just up a tick and down a tick. After taking Sep 20, 01:08
i agree with you, stock flips should be allowed maybe 10-20 times per day, per port. Sep 20, 07:00
HSX was able to control this type of flipping in the last version, they should be able to do it now, too... Sep 20, 09:25
Why not just do something similar to what they've done with limit orders? Sep 20, 10:46
why dont you just quit playing, then. Sep 22, 07:56
Why on earth should a stock even flip that much unless there are traders manipulating it? {nm} Sep 20, 10:08
so what if a stock flips and flops, theres no law says you have to play it. {nm} Sep 20, 10:08
Eliminate commish free and be done with it. {nm} Sep 20, 10:15
I like the way you think {nm} Sep 20, 10:53
This is where I stand. Do away with commission free. {nm} Sep 20, 17:11
Nay {nm} Sep 20, 10:35
Why not just do something similar to what they've done with limit orders? Sep 20, 10:47
Nay! I say let a stock flip as much as traders cause them to flip. There are bigger problems to address first. Sep 20, 11:06
How do you figure that? It flips up, then it flips down, then up, then down, etc... won't it either end up down or up? {nm} Sep 20, 20:50
Right, except one Sat.evening or morning(PST) in late July, this person(s) took SHRK4 up 20-30 points. {nm} Sep 21, 15:57
That was pure manipulation. Had nothing to do with trading. I think that was probably somebody hat had a beef with HSX. {nm} Sep 21, 23:51
So you support these unusual 3% or more manipulations but you are against constant fluctuations at a smaller percentage? Sep 22, 16:34