HOLLYWOOD STOCK EXCHANGE
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THE ENTERTAINMENT MARKET
A 3% move is nothing even when commission is on. That barely covers commission. You have a funny idea on what a reasonable move is. Or are
bothered that you missed the move and you are worried if you buy now it won't make the 2% needed to make a profit. No guts no glory if people want to play with expensive stocks and take that risk that is there choice.
Stocks move 3% all the time on Wall Street on no news. That's a pretty small increment you are talking about.
If I see a $200 stock I`m not going to chase it at that point as it still has to move up another $4 and later in the day that is unlikely to happen so I don`t worthy about it. And those that got in early are probably going to take profits so you might get some of the money back by doing nothing.
Note: Stocks need to move for people to make money. If you are only going to play news you are going to miss out on a lot of profits. Most of those 3% movers aren`t the big stocks they are stocks that only need to move a few ticks to be profitable so people will take the risk and hope they get out before they get burned. You should try it but that would involve some risk on your part and you seem to be risk adverse. Some traders live to play the stocks that move trusting that they have the skills to make a profit off them. Sometimes you win sometimes you lose. These people spent time and effort and probably lost fake money learning, but they could see that in the long term they would make more money playing the players then just sitting and holding.
If you see a stock move and you think that it will move more then 3% then you should play it. There is profit to be made. If you are happy playing news then just play news. Also people trade for more then just news, they might need to gree up cash, they moight want to get out of a losing position but don`t want to what for it to recover if it even does recover. it night continue in the same direction costing them even more then the 1% commission would have.
Active traders ask themselves only one question do I think this stock has the potential to make back the commission based on it`s current price and moviement. If they think it will say make 2.5% they will buy then sell at their target price (unless it is still moving) and then sell off and pocket the profit.
You have to find a style of play that suits you. Mine is a hybrid of several playing styles and they change as stuff changes in HSX. A stlye that worked 6 months ago might not work as well now and you have to adapt. Top traders are always adapting their style of play. I`m still trying to recover from being away from the game on weekends for 18 months. But I play a lot better now on Saturday then I used to. Some times you have to be proactive in this game. I have no time to worry about people that whine Saturday mornings. It took me a few weeks to get up on it, but there is still a lot of room for me to improve my Saturday play.
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
A 3% move is nothing even when commission is on. That barely covers commission. You have a funny idea on what a reasonable move is. Or are Sep 22, 00:47
So you support these unusual 3% or more manipulations but you are against constant fluctuations at a smaller percentage? Sep 22, 16:34