Bigbear, Look at trading with a VWAP (Volume Weighed Assisred Pricing) order. With a VWAP order your order is do read out over the day into 100 share segments , you end up with the average price for the day and you do not tip your hand as the order dies not show on the book. You can also do a limit VWAP but your order might not fill. Fidelity offers VWAP on Active Trader Pro for online trades most others brokers require calling a broker to initiate .
Dazzled ? I doubt anyone is dazzled by anyone's silly name calling and bragging. Is there anything on this MB that dazzles ? If so I missed it.
Being too busy to day trade at the moment I,m working to build a TSO position slowly on this fall in refinery prices. Currently have sold some $80 Jan 2017 Call for $7 and also will collect another $1 in the next six months. When the PPS rises to $80 I will sell more Call on shares I accumulating . So I expect the Call premium and Dividend totaling $8 by January and the chance Of a additional $5-$8 Capital gain. Trying to do the same with XLE but the option premium is not as good as TSO.
Is the insurance Annuity sustainable ? Yes up to the Full Faith or fine print of a insurance company. I would rather bet of SS sustainability because politicians must make it happen or appear to happen to hold there power and position and they use others money . SS increases 8% per year for each year delayed from 62 to 70 years old plus any cost of living raises on top.
The private defined benefit pension is what is in danger,whether Union , Government or private.
Jfnh1, You so called high roller friend sounds like a fool to me for thinking there is a "free lunch". We flew into Vegas on way to The Grand Canyon because the flight was less costly . We schedueled two days in Vegas which was a day and a half too long. The high rollers (VIP) at the Bellazio were middle easterner with big (mean looking) security details. Not being interested in gambling or prostitutes the place held no interest for me.
George Freedman says says the EU needs free trade with the UK as much as the reverse. He also states that the UK is stronger being separated from the EU. What is getting headlines now will take years to work out . So IMO it's not as bad as it looks and a good time for selective buys.
I spend my day out of town closing on the sale of the family farm and talking constantly to real estate agents,contractors,inspectors and movers while trying to drive. I feel tired,sick and exhausted. While on a bathroom break I added a little XLE but was too pressured to give trading any attention.
I will be on the road on business Monday with low ball bids in place. I might add a few about 25% off last close. Non Marginable securities like Preferred and Closed End Funds usually get whacked good.
There might be less support for Scotland leaving the UK being separate from the EU. If the EU implodes junk bond holders will get it in the end. No interest rate would cover the risk of a loan to the EU weaklings without EU consigning the note.
I sold all short ETF this morning and hold 80% cash. The UK will probably emerge stronger separated from the EU. Looking at a few UK stocks .
Bigbear, ETN is a suggestion at some point. I think I will wait until there earnings are diminished unless we have a big crash first. I don't discount the possibility of a crash at any moment.
It's all a matter of time. Hard to believe growth will rise big from record highs, but it might happen. I dumped all shorts at 10am when the party pooped.
Also BP and RDSB later on. The vote suprised the hell out of me. Most people bluster about government but are afraid to challenge it.
I today relieved a letter from Fidelity saying starting 2017 they would file a Form 990 on over $1000 UBTI and pay any excise tax due from your account. They have dodged that responsibility up to this point. Best stay away from other than a day trade in a troubled MLP in a IRA to avoid a big shot of Reduction Of Debt income as some LINE traders experienced this year.