Sec Rule 201

[Nobert]

I took a look at your portfolio. I realize this is sim. Except VOO, all the positions are the same size-about $23K. Do you think it is a good idea to have the same allocation in TLRY as TLT-NKE-BABA-GLD?

Robert, - i don't know.

If i had to make a guess, then, the better choice would have been 100 instead of 300 shares, because of it's volatility when it comes to fakeouts ?

If the allocation means the same thing as order size, then that is my blind spot so far in learning proccess. ( 6 months )

 

[MoreLeverage]

For example, how much it would cost to me , to hold it, per / day, with $25 000 size short position ?

About $35/day for that position today, but it’s floating and in this case highly variable rate. It used was as high as $500/day not long ago.

Does that pay / tax, varies per broker / stock ?

The rate varies widely, based on the broker, the stock, and the day. IB has a tool where you can check this so you won’t get an expensive surprise, but generally if you’re short selling hard to borrow stocks, you should know this and be aware of the extra costs and risks involved.

https://ibkr.info/article/2024

 

[Nobert]

About $35/day for that position today, but it’s floating and in this case highly variable rate. It used was as high as $500/day not long ago.


The rate varies widely, based on the broker, the stock, and the day. IB has a tool where you can check this so you won’t get an expensive surprise, but generally if you’re short selling hard to borrow stocks, you should know this and be aware of the extra costs and risks involved.

https://ibkr.info/article/2024

Thanks M, il use that tool from now on.

 

[Robert Morse]

Robert, - i don't know.

If i had to make a guess, then, the better choice would have been 100 instead of 300 shares, because of it's volatility when it comes to fakeouts ?

If the allocation means the same thing as order size, then that is my blind spot so far in learning proccess. ( 6 months )

It is in your best interest to learn size allocation based on whatever criteria you choose. If one stock moves 10% on an average day and another one 1.5%, buying the same dollar amount would be placing a bigger bet on the more volatile stock. There is nothing wrong with that as long as this is intentional, as you feel the more volatile stock provides more consistent profits based on some metrics you have monitored.

 

[FSU]

About $35/day for that position today, but it’s floating and in this case highly variable rate. It used was as high as $500/day not long ago.


The rate varies widely, based on the broker, the stock, and the day. IB has a tool where you can check this so you won’t get an expensive surprise, but generally if you’re short selling hard to borrow stocks, you should know this and be aware of the extra costs and risks involved.

https://ibkr.info/article/2024

I don't see how you can figure $35 a day, Short stock rate for me Friday was 400% (and there was none available) you need to figure around $350 a day for $25,000 worth of short Tlry.

 

[Nobert]

It is in your best interest to learn size allocation based on whatever criteria you choose. If one stock moves 10% on an average day and another one 1.5%, buying the same dollar amount would be placing a bigger bet on the more volatile stock. There is nothing wrong with that as long as this is intentional, as you feel the more volatile stock provides more consistent profits based on some metrics you have monitored.

Then i will pay much more attention to that from now on. Thanks.

I don't see how you can figure $35 a day, Short stock rate for me Friday was 400% (and there was none available) you need to figure around $350 a day for $25,000 worth of short Tlry.

Let's say i made those $900 with $25 000, got out, then along comes that pay -$350 and by the end of the year, also 30% of taxes, so only $350 is left eventualy as a profits & and RRR would be 1 to 1 ?

What would be the best choice is that case, swing trade it, down, until it get's closer to thrends support ?

 

[vanzandt]

Then i will pay much more attention to that from now on. Thanks.



Let's say i made those $900 with $25 000, got out, then along comes that pay -$350 and by the end of the year, also 30% of taxes, so only $350 is left eventualy as a profits & and RRR would be 1 to 1 ?

What would be the best choice is that case, swing trade it, down, until it get's closer to thrends support ?

Why even play with it in the sim account? What are you trying to accomplish/learn with the sim?

TLRY is pure f'ing gambling and one would be absolutely crazy to even go near it with real money, unless it was a VERY VERY small position that you are willing to lose almost all of going long and perhaps 3X that going short.

If your goal is to educate yourself for the day when you are using real money, might I suggest you take Tilray out of there and focus on some other stocks. Why waste time using something that teaches you absolutely nothing about real trading/investing, other than that there are fools who will lose all their money and manipulators out there with deeper pockets than you have scamming to take your money?
-jmho

 

[MoreLeverage]

I don't see how you can figure $35 a day, Short stock rate for me Friday was 400% (and there was none available) you need to figure around $350 a day for $25,000 worth of short Tlry.

$35 a day is based in a 50% rate, which is what I see as the approximate current rate. As I said, it as much higher before but that’s not the current situation.

 

[Nobert]

Why even play with it in the sim account? What are you trying to accomplish/learn with the sim?

TLRY is pure f'ing gambling and one would be absolutely crazy to even go near it with real money, unless it was a VERY VERY small position that you are willing to lose almost all of going long and perhaps 3X that going short.

If your goal is to educate yourself for the day when you are using real money, might I suggest you take Tilray out of there and focus on some other stocks. Why waste time using something that teaches you absolutely nothing about real trading/investing, other than that there are fools who will lose all their money and manipulators out there with deeper pockets than you have scamming to take your money?
-jmho

Which tickers do you suggest ? Which ones would have the highest correlation in demo & real account ? AMD, BABA, DOG - now once i know that TLRY is opossite illusion of what is happenin in reality, plus, dangerous one.

p.s. me shortin TLRY wasn't an accident or gambling. Thing couldn't brake ressitance thrend line again after a fake out ( imo ), i was watching it pre market in multiple time frames ( for few days ), and i had a mental stop loss of %. If there was an unexpected gap up at openin, i would be done with it. At the momment i am using it only as example.

Thank You in advance for any great ticker suggestions.

 

[vanzandt]

Which tickers do you suggest ? Which ones would have the highest correlation in demo & real account ? AMD, BABA, DOG - now once i know that TLRY is opossite illusion of what is happenin in reality, plus, dangerous one.

p.s. me shortin TLRY wasn't an accident or gambling. Thing couldn't brake ressitance thrend line again after a fake out ( imo ), i was watching it pre market in multiple time frames ( for few days ), and i had a mental stop loss of %. If there was an unexpected gap up at openin, i would be done with it. At the momment i am using it only as example.

Thank You in advance for any great ticker suggestions.

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