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Just to be clear, I only need 10k total LBA to do multiple CredEarn loans, right, MS? Because I am looking at the CredEarn screen and it says I can earn 10% on my loose LBA (of which I have 8027); I did not see that two weeks ago. Maybe I will round up to 10k and then loan that out, but not today; maybe on the 1st. Focused on loading a bit more XRP if it dips below 40 cents in the next few hours.
I decided to do half now, meaning transfer from USD "card" to XRP "card" just as it dipped below .40, and will wait to do more later if there is time. I wanted to see how soon it would show up as available to loan out from CredEarn. It was instantaneous.
PS Sorry I am getting in the habit of editing these after re-reading them... and I see there has already been a reply to the post... this post, that is, as I am still fine tuning it with two minutes left.
There is an XRP II? What does that even mean?
I am about to set up another CredEarn six-month loan for tonight, and I do not need any shenanigans. I will pace myself, and not use all the money I have transferred to Uphold. (I need to pace myself as that $500/day limit and the financial regs that look at you funny and start charging you 5 bucks a transfer after the first six of a calendar month can really add up and cut into that 9% yield.)
Good luck to MS; I know he will be happy if we stay over 40 cents when it becomes the 15th in Iceland. Was barely over 30 cents on the 1st. Could this also be the release-from-escrow effect (in reverse, that is), in the middle in the month? Should I only be buying near the end of the month, and making the loans on the 15th? ??
Of course it is more than that. The bitcoin boost and all the other news. I will have questions later on if that all will be for the good price-wise. And not just in context of that old trading rule: buy on the rumor, sell on the news.
OK, which one of you knuckleheads forgot to take his own advice and buy more at a penny? Oh, wait... never mind
Might be another month before the next pump. Guess I will check back in a few weeks.
Ex div date would be good to know, especially if it is the third Wednesday of this month and not next week, as that would impact value of options, particularly those expiring this Friday.
I hope all the profit-takers have mothers. 'Tis a day for big beautiful bouquets and extra fancy Sunday brunches.
Meanwhile, I think I will pace myself on moving money to Uphold and into XRP over the next month and not worry too much about the day-to-day action. Particularly spikey days may be ones on which I do not buy. And I may space out my loans to every month for the next 3, as my funding bank account is not going to survive funding $500 every day for the next 5 months. I may only do a small loan come next week, depending on the price. Will be curious as to what CredEarn users lock in on the 15th. So you do not have to look back at older posts, I will remind you that on May 1, it was 0.30456. (That was for those of us loaning out our XRP at 9% for six months at a time; those terms start every 1st and 15th of the month; and some of us here plan to ladder, although I still file this under Sounds2Good2BTrue; not sure how long those seemingly generously high rates will hold.)
Hope that last bit regarding an additional use case for hodlers does not bother anyone. : - )
I was up late last night, too. Don’t I wish now that I had pulled the trigger on getting more than 1600 XRP for $500 then? Not to mention every time this month I could have done that. Really hurt myself last couple of days holding out for a price. Indeed I failed making any daily transfer at all a couple days ago. That is when I decided to move my alarm up by an hour. Having it tell me when the Uphold day has ended (UTC midnight, or 8pm EDT) does me no good if I have not moved funds yet; that only leaves me to pound my car’s steering wheel in frustration! Aarrgh!
Under .40? Getting nostalgic for under .30. The last two weeks, I went from DCAing every day to just moving 500 USD exactly into Uphold, so I could be done with it in a minute rather than leave my transfer on the screen for hours, watching out of the corner of my eye for XRP to dip before hitting the Confirm button. Looks like sticking to patiently averaging may have been more rewarding.
I now wish I had some way to have an alarm go off when and if it dips below 30 cents again
If Bitcoin is a pump and dump, what is the Federal Reserve Note?
Can you say dilution?
I knew that you could.
That was an example of what you COULD have done, like I said, not what you SHOULD have done. Indeed of what you can do with blue chips, that you cannot do with penny stocks, since you cannot trade options on penny stocks, and of course, they do not pay you a dividend (sometimes small consolation for bag holders of large cap stocks, but still...)
Of course, options or no options, dividends or no dividends, you still are subject to the ups and downs of the market while you are in the trade.
Now the question for me is do I keep my own counsel? ... at a lower strike price now today. INTC would need to go down a bit more for that. Most recently the May 24 45 put sold at 1.12, HOD so far, but still quite a bit off yesterday's example of 1.31 that would allow one (after commission) to collect a year's worth of dividends off the top of the trade in a couple of weeks.
Meanwhile, I am looking at a couple others in my rotation whose next dividends approach much sooner. Imminent dividend capture used to be my focus of this particular strategy, but doing that does limit the time value part of your option premium. Hence the reason I am looking at INTC so soon after going ex-dividend, even though it has only hit my downside target(s) post-dividend.
And looking at the market now, if the bounce 45 minutes ago was the bottom of the day, I will not be selling any puts today; I priced my premiums too high, but that's OK; there is always next week and the next play.
Example from today: Quarterly dividend is 31.5 cents for INTC. You could have sold a cash covered put INTC 46 May 24 for 1.31 (high for the day; which was the low point for the stock). That would be a year's worth of dividends (figuring a $5 commission; 131 - 5 = $126) in two weeks and a day. Depending on where the stock price goes in those two weeks, you might end up a proud owner of 100 shares (per contract) if it ends up below 46/share on May 24, in which case you can play with it some more, sell a covered call, or just set an exit price. (You'll start collecting the actual dividend if you are stuck with it for 3 months or more at an annual yield of 2.74%). If it finishes above 46 on May 24, you are out of the trade, and your $4600 (per contract) was only tied up for a little over two weeks.
Yeah, but you can trade options on these blue chips (no pun intended) and do so both ways. You can pre-hedge by getting a put or two on them first. Or you can sell cash covered puts on them (timed for their dividend date); if you end up holding the stock because it stayed down, you can sell covered calls on them. And collect a dividend on them every 3 months, if you end up holding them longer than anticipated. This one hit my low target, but did so after the ex dividend day -- did I mention the dividends? -- so I did not jump on it; I have some time left before it comes back around in my rotation. Glad I was in no hurry to play this one again yet, but even then, maybe today was a good day to start a position. Hit 46, but quickly bounced back to 47.
Hard to pre-hedge a stinky pinky. No options down in the sub pennies (or anything below $5 for that matter). Wish there were; I can think of one or two where I would load up on puts in anticipation of dilution or a reverse split. I could just short, but not quite my style.
Put in limit orders while bid was 0038. First at 36 and then another at 37. Meant to catch a dip not create one. My apologies. : - ) I fussed over a calculator for five or ten minutes before putting in those orders. In retrospect, I probably could have just made it one larger order at 36. Was thinking as I put in my limits, gee, it sure would be nice to be able to see L2.
As for T, when the market plunged going into December, I sold a cash covered put and made a few other plays both bearish and bullish as it and just about everything else kept going down. (Looking back on December, that dip was a gift, what pb would call a loading zone; wish I had been much more aggressive.)
Hey, I can see my trades in bold there. They were limit orders, I assure you. So OTCPK is the market maker then? Still learning (and paying for it).
Meanwhile I see you also run with the blue chips, harr449. I usually do not check up on tickers like AT&T or Coca-Cola here. But on a down day like today, was curious if boards had any chatter. I have a calendar of dividend payers whom I check often, and of course you can set alerts on big stocks. Not so much in pinkyland where a 10 cent increment would be the talk of the town.
Not sure about the time of day, but all I know is that today when I sold, I did so too early and way too cheaply (thanks to the pressure of options expiring Friday). Then to add insult to injury I bought stuff I should not have. What the heck am I doing Dollar Cost Averaging VIBI? Seriously. ??? That will teach me to put in a two-day order so that I do not have to do a Good For the Day order twice. Overpaying by a fraction of a cent on this one is the least of my concerns today. At least I hope so.
Heck, not every day is a day filled with good decisions. Yesterday I was a comparative genius, unloading calls on Pfizer... although still 3 days left to see just how smart I really am.
OK, after agonizing over how many shares I should order at 0.0037 and how many more at 0.0036, it is now bid 0030/ask 0035, wth?!?
Maybe buying at a time when the big indexes are not done tanking, not so smart. Tricky timing the bottom.
Yes, I could have bought it higher today ... or lower. As I predicted, it dropped back down to 0.012, although I did not actually mean for it to get there so soon. I said this had possibly 2 weeks of more sliding in it. Looks like maybe just enough swing daily for flippers. I have yet to join that club. Not sure this is where I want to start; meanwhile if it goes flat, which of course will include going down more, I may DCA. Was thinking that next buy-in would be at 0.012, but maybe hold out for 0.010 (hmm, also known as 1 penny).
I was glad I only partially filled yesterday (again INKW with the partial fills!) AND I was going to say I would not bother trying to complete that order until it slid back to 0.0034, unless of course van-T showed up with some words of encouragement... so... I guess I am still waiting.
I doubt E*Trade is broke. Look closer at the specific ticker. You just were looking at a place where they were rounding up to the nearest penny. Actually try to buy or sell it and they will tell you the price of the Bid and Ask down to the fourth place behind the decimal. Sometimes they chart it out to the 1000th of a penny, although they won't let YOU price it that finely.
I would have been happy to get 0003 here (and with APYP, where in that case I was a seller). Neither order went through; guess I was not near the front of the line, despite this one's chart leaving it there for a good chunk of the day. : - (
We will see what a fresh week brings as far as this ticker's price, and one or two others.
Hmm, my entry point is right smack dab in the middle of your Reasonable Price Range. Look, the chart said we either were going to continue a run or slide for another couple of weeks before the next one. Looks like the latter. I am not going to do any shenanigans to put myself in the running for the Fat Finger of the Year award. At least not just yet. : - }
I am not getting sucked into buying more ...not at 0.014, not this late on a Friday. You had your chance, IRNC. You had your chance, and no doubt you will have it again, but not today.
If it makes you feel better, I didn't get any at 0.0003, despite trying the last couple of days. Only question is regarding the regret I will feel next week: will it be because my order never filled, or because it finally did? : - }
Amateur chartist in me says this can retrace to 0.012 before taking off ... if it is not taking off today. As usual the ones on my watchlist I did not buy yesterday were up strongly today (DAVC, NCAP), while this one I "just had to have" is flat as yesterday's soda. Unless you count the bounce from 0.014 to 0.016 ... but the biggest up-swings in the day always seem to happen at a time when I am not on the computer, so I could not be a daytripper if I wanted to.
Yo quiero un viernes verde. Que tal, muchachos?!
OK, I am in, so... this thing has permission to continue its latest run. I like the chart's past, now I want to see the future: mo into and through the weekend, no excuses. Or are you going to give me a chance to double my position cheaper? You don't want to do that, do you, i-hubbers?
Started writing cash covered puts two weeks ago ... a little prematurely as it worked out. Now I am the proud owner of 400 shares. At least the earnings beat (predictable) helped and in a week's time we score a dividend.
It briefly touched 0001 today AND hit 0003 ... and I got none of that!?! [Insert frowny face here]
No, sir, didn't sell. When could I? Never high enough today. No, I am already waxing nostalgic for the highs above .0081 of the last couple days. Looks like mid 50's could be support, but if volume is light, might risk waiting before I move to lower my average in price. Or I could test my theory and wait ten days. I am not a chartist, but looks like two weeks between runs.
Oops, one day too long on the watchlist. And I have been thinking about checking out Mr Z's DD service. Should probably try L2 first. Hmm... still a big Bid/Ask spread.
Enough staring at this chart watching paint dry. I want a day like Tuesday, but yesterday's action and today's so far says otherwise. Wake me up in two weeks. (My amateur chartist's prediction on how long the agonizing over this one will continue.)
Each day's chart tells a different story. And leads to at least two different conclusions. As long as we are not watching paint dry tomorrow, holders are in good shape. Can't be #1 Hot Stock every day. Just don't disappear on us, IGMB Booster Club, or a quick retrace to .0040 will not surprise me.
Lesson for me is I need to consider killing orders before last 30 minutes of the day. Or at least repricing them.
Top Ten Breakout Board Bubble Boy at close of trading. (That means #11.)
It took me three partial fills to complete order. Which means I will be annoyed if it does anything but open with upward mo tomorrow. Unfortunately those final trades make the chart look like it's heading downward, darn it. But at least today reads as a green day. (+3.03% gainer not quite as nice as +9.09...sorry about that)...go BRKKayyyyyyyyyyy! : - )
Messages from Cred Earn came at 1:38 EDT. Looks like we locked in 30.456 cents. I would have preferred over 31, but what are you gonna do?
Most recent XRP buy showed up at Uphold about an hour ago, so .... after midnight UTC. Says it is eligible to commit to May 15, not tomorrow. Meanwhile, in my Cred portfolio, my Strike price (meaning value in dollars) is still TBD, and my status is Pending. Not sure when we lock in price. I will be happy if we hold today’s gains at this point. Earning 9% on something that has gone down 10%, not quite the winning strategy it felt like a few weeks ago.
Welcome, atloops. Soon you should be able to post 15 times a day, still as a free member.
As for IGMB, today's action looks very encouraging. Definitely suggests I should have done yesterday what I did today. And not so much talking about the briefly higher high of the day, as much as I mean where the lows could be found. I am no chartist, so correct me if I am wrong, but today the chart looks much stronger, opening red but getting back to green and staying green. Much needed once "We're #1 on the Hot board!" becomes yesterday's or last week's news. Seen too many here that burn brightly for a day and then people get bored with them.
Can almost always buy it at a lower price, and by it I mean just about anything you can get through your broker. I occasionally perfectly time the market, but file that under the accuracy of a stopped clock. Having said that, it does look like I sold at the top of the day, so far... Not all my shares, of course; just enough to be now playing with the house's money. If it continues shooting for the moon, I will not become independently wealthy with my remaining shares, but I will be happy for the rest of you.
Oh, and thanks to the fact that I was in such a hurry to buy Friday, I used my Roth money, so... I could buy back in if it takes a breather, and not even wait 30 days to clear the Wash Sale rule.
Oops, maybe not... there it goes up again. GLTA!
I am good with XRP being up today. As much as possible. I just set up my first loan with CredEarn, with the value (dollar value, that is) not known until tomorrow, and thus the interest I will yield is not locked in yet. I did have one more pending transaction from bank to Uphold for another 1610 XRP, but I do not anticipate that going through in time for loan date of May 1 (especially if it is midnight UTC). I do not normally celebrate May Day (you know, since I am not pro-slavery and war), but I hope to celebrate six months from now that this was a smart thing to do.
And here is the best part: CredEarn will indeed give me 9% interest on my XRP! The weak 5% rate was if I did not have the 10,000 LBA to stake. Still not sure if I need another 10k for second loan. I have about 6k extra, but I believe, according to MS, that I do not need any more to do another loan in 15 days.
I sold this one a month ago. (Apologies to the trader who got stuck with 7 loose shares @ 0.017.) So if I buy in again tomorrow, it would not be a wash sale. (Why complicate your Schedule D when there are so many players in the same niche?) That would be the first of these penny players where I can do that, and I can even buy back under my initial entry point. Now I am wondering... do I want to do that? Heck, I liked it at over a penny; should I like it now?
Seems like it is in oversold territory, but anything oversold can be still be sold lower.
My 0.0037 only partially filled 10 minutes ago. Hope that is a good sign for the rest of you folks.
Looks like market was willing to oblige, Wolf. Hope if you caught...you have no regrets.
These steep climbers do take their breathers, don't they?