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It is exceedingly difficult to predict the rate of change. If you want the performance that is advertised, you have to hold until maturity. If you need to get out early, you will not get the upside of SPY, and you won't have the downside protection, either. If you exit early, you may take a loss...

Yeah, they were sometimes called structured notes. But that stuff was OTC, right? And only for institutional accounts or accredited investors? What's new is the ETF products and CEF-like products that trade live and are available to retail investors.

These products have gotten some attention in the media lately. Kiplinger Personal Finance just published a fairly neutral overview here: https://www.kiplinger.com/investing/should-you-be-investing-in-buffered-etfs And Matt Levine at Bloomberg has some interesting thoughts...

I see your point. But I don't think those other firms make you a member of their LLC. And they don't require you to have a securities license. So you don't have the same relationship and you don't have the same rights and obligations. But with all prop firms, if you are trading a live account...

Corrie Driebusch (WSJ) wrote: Their website is hilarious. Click on "Listed Companies" for a good laugh. I think the real concept here is that eventually Texas will secede, and then the Texas Stock Exchange will be beyond the reach of US regulatory authorities. Texas will be the new Grand...

A brief review of the Bright Trading website indicates that they do not use sim accounts as a method of qualifying you. https://stocktrading.com/stepstojoin/ To trade with Bright Trading, you have to pass the SIE and Series 57 exams, and if they accept you, you become a member of the LLC...

This is some sort of a bot

When it's a simulated account, my guess is that agencies like the SEC and FINRA have little or no authority or jurisdiction. You may as well sign up for a subscription service that allows you to play games online. Because that's what a sim account is: It's a game. And they promise you prizes, or...

Are you referring to data that shows the percentage of accounts that are profitable? I would love to see that kind of data, but i couldn't find anything on the website of the Michigan securities regulatory agency. I feel like I'm looking for a needle in a haystack. I didn't even see any links...

SPY and QQQ are organized as unit investment trusts. That structure is not particulary efficient. It was a thing back when they were originally created. Changing the structure would require a shareholder vote, and the ownership interests are too diffuse. They would never get the required votes...

That's because in the financial markets, in general, you are not playing against the house.

If you are actually holding the stock, and it is still trading on an exchange, then the price will not be zero. It might be something like six cents per share, and there might be no active bid, but the price will not be zero. And you will be able to exercise your put options and sell the stock...

No, man, they have "ceased all operations." One of the recent comments at Trustpilot says: Around the end of 2023 an email was sent that live accounts would switch over to simulated accounts. Seriously? So some of their "traders," or "members," or "subscribers," or whatever they called them...

This is a very interesting interview from a Bloomberg podcast called Odd Lots. They interview a professional sports bettor. https://tinyurl.com/bboddlots240528 This is a gift link. A Bloomberg subscription is not required. The link expires in seven days. The page has a transcript of the...

Schwab keeps trying to sell me an American Express Platinum Card LOL

Well, according to some crypto true believers... If the code allowed him to achieve those results, then it wasn't wrong or illegal. Whatever the code does, that's crypto. The ones who screwed up were the people who wrote the code. Put another way: The blockchain exists independently of any...

In the evening, Schwab often posts wildly inaccurate market values for my short VIX calls, particularly the weekly options. The values are arbitrary and meaningless. Like this: Wreaks havoc with my account value overnight. In rare cases, it can trigger a margin call that isn't real. But it...

This sounds a lot like the plot in a Star Wars movie

Okay, never mind :rolleyes:

This is NOT about the transition from TDA to Schwab. We have multiple accounts at Schwab and they have been at Schwab for many years. We have not transferred securities in or out of any of the accounts. Yesterday (Friday, May 17) I sold to close one LPG 39 call with an expiration of 05/17/24...