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[2020-08-01 00:00:00] <Lucifer_arma> so I'm looking specifically for volatile stocks that are at/near a minimum and trying to estimate what the next maximum will be and how far away it is so I can choose the closest maximums as well
[2020-08-01 00:00:22] <Lucifer_arma> the idea being that I may only make 1-2% back on a trade, but if I'm doing a shitload of trades, all those little bits add up
[2020-08-01 00:01:08] <Lucifer_arma> so I want to buy a stock near a minimum, then put the sell order to sell it near the maximum (with a margin to hedge my bets, the next maximum might be lower than the estimate)
[2020-08-01 00:02:44] <Lucifer_arma> there are a lot of other technical reports I can work with, as well.  it's all about having the user interface that enables me to find the valuable stuff.  So, I'm turning the stock market problem from a "predict the future" problem to a data mining/user interface problem.
[2020-08-01 00:26:19] <luke-jr> Lucifer_arma: you look for 5% since last alert
[2020-08-01 00:27:36] <luke-jr> Lucifer_arma: isn't trading based on programs highly regulated?
[2020-08-01 00:36:36] <Lucifer_arma> luke-jr: not that I'm aware of.  But this is my own program.  Letting other people use it could be a serious problem for me, but personal use should be fine.
[2020-08-01 00:37:16] <luke-jr> Lucifer_arma: IIRC there's some signal that the government (or comparable) sends that disallows all automated trading. Not sure they care if it's personal or shared.
[2020-08-01 00:37:51] <Lucifer_arma> then how could the nasdaq even function?
[2020-08-01 00:38:13] <luke-jr> in those circumstances, strictly human-initiated trades?
[2020-08-01 00:38:17] <Lucifer_arma> but I'm not necessarily looking for automated.  I'm focusing on a tool to find stocks to trade.
[2020-08-01 00:38:33] <Lucifer_arma> luke-jr: with a broker between me and the stock market, there's a human running the trade
[2020-08-01 00:38:54] <Lucifer_arma> well, sorta.  I don't know.  I went googling to see if automated trades were disallowed, but I'm nowhere near adding that sort of automated capability
[2020-08-01 00:39:04] <Lucifer_arma> right now, it's just a research tool, and those are totally safe
[2020-08-01 00:39:41] <luke-jr> what I've been doing is looking at stocks that recently dropped the most, and evaluating if I think it's a justified drop, history, etc
[2020-08-01 00:40:02] <Lucifer_arma> in a market where everything's dropping, how many stocks do you research by hand doing that?
[2020-08-01 00:40:25] <luke-jr> maybe one a week at most :p
[2020-08-01 00:40:40] <luke-jr> I've also been buying only like 1-10 shares at a time unless they're cheap
[2020-08-01 00:40:45] <luke-jr> ~$100 worth
[2020-08-01 00:40:53] <Lucifer_arma> heh.  The idea here is to have a tool that does the basic studying on all 4k stocks for me
[2020-08-01 00:41:03] <luke-jr> betting this will bite me when it comes time to do taxes, but oh well, I'm learning
[2020-08-01 00:41:09] <Lucifer_arma> I'm gonna have to start small too
[2020-08-01 00:41:32] <Lucifer_arma> but the math works out in favor of stock trading.  If you drop $2k, and a month later you earn 1% on it, that's only $20
[2020-08-01 00:41:34] <luke-jr> although I suspect taxes don't care until I sell
[2020-08-01 00:41:50] <Lucifer_arma> but if you drop $200k, that's $2k/month
[2020-08-01 00:41:54] <luke-jr> Lucifer_arma: my cruise stock (CCL) did pretty well so far
[2020-08-01 00:42:05] <Lucifer_arma> cruise?  Like ocean cruise?
[2020-08-01 00:42:08] <luke-jr> yes
[2020-08-01 00:42:18] <Lucifer_arma> how in the hell can that be doing well?
[2020-08-01 00:42:29] <luke-jr> well, it was pretty down when COVID19 started up
[2020-08-01 00:43:00] <Lucifer_arma> yeah, the cruise industry's been struggling for awhile.  Increasing costs and competition.  One of the Norwegian companies went under.
[2020-08-01 00:43:10] <Lucifer_arma> that's carnival you bought, isn't it?
[2020-08-01 00:43:15] <luke-jr> yes
[2020-08-01 00:43:40] <luke-jr> I sold half of them so I'm at break-even if they go under
[2020-08-01 00:43:55] <luke-jr> bought under $9
[2020-08-01 00:44:03] <Lucifer_arma> I don't think they'll go under, they're the 600lb gorilla of the industry
[2020-08-01 00:44:44] <luke-jr> sold half at $19
[2020-08-01 00:44:57] <Lucifer_arma> heh, I'd have sold them all at that and taken the profit ;)
[2020-08-01 00:45:06] <Lucifer_arma> and THAT'S WHY I'M WRITING THIS PROGRAM
[2020-08-01 00:45:07] <Lucifer_arma> ;)
[2020-08-01 00:45:10] <Lucifer_arma> anyway, gotta run
[2020-08-01 00:45:23] <luke-jr> ttyl
[2020-08-01 00:46:24] <luke-jr> Lucifer_arma: with ~$15k I made ~$3k since earlier this year
[2020-08-01 08:55:12] <ct|kyle> Lucifer_arma: luke-jr, the true fun is playing options, they can make or break you, but you can make 5-20 % in minutes if you can get the direction right. I look at the RSI and MACD for day charts. I was up about 60% over 2 weeks, but i messed up this week loosing a lot of it, beccause options can break you fast
[2020-08-01 17:15:38] <ljrbot> New news from bzr: [] r1327 Add script to re-tag all our docker images at once
[2020-08-01 19:16:07] <ljrbot> New news from bzr: [0.2.9-armagetronad-sty+ct+ap] r1152 Improvements for "enemies" messages
[2020-08-01 19:30:23] <Lucifer_arma> ct|kyle: I keep seeing options referenced.  What exactly are those?
[2020-08-01 20:16:19] <ljrbot> New news from bzr: [] r1328 Merge: Release Notes... || [] Add release notes to download directory || [] Add release notes to download site news items || [] Add release notes and patch notes to LP uploads || [] Correct names for LP uploads || [] Add pandoc to armadeploy docker image
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[2020-08-01 21:39:42] -!- zmanuel changed nick to Z-Man
[2020-08-01 21:50:07] <ct|kyle> Lucifer_arma: stock time bombs :( Basically they are the rights to buy or sell shares of a stock at a price, if the stock reaches that price by a certain date/time
[2020-08-01 21:51:17] <ct|kyle> Lucifer_arma: Probaboly should not touch them, when you first trade, they are a pain sometimes, last week i leanred a lot more while loosing all my gains
[2020-08-01 21:53:04] <ct|kyle> Lucifer_arma: one senerial you get a call, right to buy for some price target, at a specific price. If the price stays the same, and never reaches it's strike price, it will be worthless by the strike date
[2020-08-01 21:56:34] <ct|kyle> but you can buy a call and say the stock goes up 0.5%, the option may go up around 5-20%, As long as it's within 15-20 minutes. as the day goes on the price degrades some
[2020-08-01 21:58:41] <ct|kyle> Lucifer_arma: but RSI indicator is basically the indicator you are looking for, it tells if it's overbought or oversold, I like MACD, because it typically shows the direction the stock will more in, but I use it in conjuction with RSI
[2020-08-01 23:34:47] <Lucifer_arma> ct|kyle: so you're buying and selling the option, not the stock
[2020-08-01 23:35:27] <Lucifer_arma> say you buy a call, and the stock goes up, is there a time when you go ahead and exercise the option, buy the stock, and then flip it for the now-current price?
[2020-08-01 23:35:35] <Lucifer_arma> or do you just focus on buying/selling the options?

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