What did you trade today and why?

[NW-Bound]

Speaking of bid/ask/market order pricing, I usually do not use market order, but set the price a little higher than the mid point between bid/ask when the price is rising, and conversely lower than the mid point when the price is dropping. That works, but I have observed a few instances when the unexpected happened.

1) When I use market order when buying, quite often someone steps in and gives me a lower price than the ask. Conversely, when selling, I often get a higher price than bid. Apparently, some "fast boys" step in and snatch the order.

2) Just yesterday, I was in a hurry and used a market order when buying. I ended up with a higher price than ask. Only a few pennies, but what the heck?

3) A few times, when selling, I kept lowering my price down to the bid. Order did not go through. The supposed buyer(s) used the bid as bait, then retracted it and lower his bid down a penny when he saw my order. I lowered my price to match, and he lowered it again. This happened a few times. Darn! Another "fast boy"? How could they do that? By the way, this only happened on options or thinly traded stocks. More liquid equities have too many players in the market for the above to happen.

 

[dobig]

Wouldn’t it be interesting if the war causes a slow down and they cut rates.

GOF is up too

Experts are calling for inflation from this war. Everything I'm seeing suggests consumers are being ultra cautious with purchases. Ugly housing numbers this morning and that was for Jan with lower rates and before Iran. Housing is a third of CPI. Auto sales fell for the fifth straight month in Feb. Also before the war.

I just have no idea what these so called experts are looking at.

 

[COcheesehead]

Experts are calling for inflation from this war. Everything I'm seeing suggests consumers are being ultra cautious with purchases. Ugly housing numbers this morning and that was for Jan with lower rates and before Iran. Housing is a third of CPI.

I talked to the guy that provided our windows and doors. He said his advance orders are off the chart. Who knows.

 

[drs]

Speaking of bid/ask/market order pricing, I usually do not use market order, but set the price a little higher than the mid point between bid/ask when the price is rising, and conversely lower than the mid point when the price is dropping. That works, but I have observed a few instances when the unexpected happened.

1) When I use market order when buying, quite often someone steps in and gives me a lower price than the ask. Conversely, when selling, I often get a higher price than bid. Apparently, some "fast boys" step in and snatch the order.

2) Just yesterday, I was in a hurry and used a market order when buying. I ended up with a higher price than ask. Only a few pennies, but what the heck?

3) A few times, when selling, I kept lowering my price down to the bid. Order did not go through. The supposed buyer(s) used the bid as bait, then retracted it and lower his bid down a penny when he saw my order. I lowered my price to match, and he lowered it again. This happened a few times. Darn! Another "fast boy"? How could they do that? By the way, this only happened on options or thinly traded stocks. More liquid equities have too many players in the market for the above to happen.

Now you know how citadel makes its $$$. Its worse in options, unfortunately. In a fast market, I'll put my limit offer to buy or bid to sell a few cents BELOW where the market is trading. I find I get a better fill in that case, and the market doesn't have time to move away from me until I get filled (after that, who knows). The games we play.

 

[YellowSubmarine]

- RITM sold half of position for 20% loss in Roth ...shares headed down since good earning report on nearly a daily basis
+ FENY add to position as share are up nearly every day since the war with no end in sight

 

[drs]

Just the occasional reminder that cash is also an asset class.

 

[surprising]

- RITM sold half of position for 20% loss in Roth ...shares headed down since good earning report on nearly a daily basis
+ FENY add to position as share are up nearly every day since the war with no end in sight

RITM suffers from having 'Capital' in it's name. I read RITM fair market value is something like $14, yet it's trading near '23 lows.

 

[NW-Bound]

I read the book by Michael Lewis. Earlier, I meant to write "flash boys", not "fast boys". Another sign of emerging senility.

 

[dobig]

Did a little tax loss harvesting after COcheesehead explained it to me like I was a golden retriever. Sold IDMO, IEMG, PFFA, IDVO, VWO and GPIX in taxable. Bought GPIQ, GCOW, SCHD, FELV, VPU, VTV, VYMI, SCHY, TDVI.

No little funny looking W in brackets showing in my Fidelity account except for GPIQ. GPIX purchase must have been too similar.

 

[Semi-Retyrd]

Decided to exchange a bit of my QLENX for QRPNX. The "why" is shown below.

 

[Fishmasterdan]

DCA my way down on some Leveraged ETF Picked up some more TQQQ on the down day.
Wont go down forever... Want to catch the quick ride back up. Telling myself "stay positive" . Will sell Covered Calls on it for some income.

 

[drs]

Decided to exchange a bit of my QLENX for QRPNX. The "why" is shown below.

View attachment 62494

I'll join you on that particularly as my QMNNX is underperforming - swapping some out of that into this.

 

[TheWizard]

Did a little tax loss harvesting after COcheesehead explained it to me like I was a golden retriever. Sold IDMO, IEMG, PFFA, IDVO, VWO and GPIX in taxable. Bought GPIQ, GCOW, SCHD, FELV, VPU, VTV, VYMI, SCHY, TDVI.

No little funny looking W in brackets showing in my Fidelity account except for GPIQ. GPIX purchase must have been too similar.

That's a lot of different transactions!
I also did a TLH sell/buy transaction pair this morning, from just one ETF to another.
Details here: TLH time!

 

[GoBirds]

Anxiously watching VTI knife slowly falling.

Any guesses on a good price point to set a limit order to add to my position in a taxable account - $315?

Also keeping in mind “buy the dividend” is nearing

For perspective - buy 10-20 shares. Nothing huge

 

[Fishmasterdan]

Anxiously watching VTI knife slowly falling.

Any guesses on a good price point to set a limit order to add to my position in a taxable account - $315?

Also keeping in mind “buy the dividend” is nearing

For perspective - buy 10-20 shares. Nothing huge

There is quite a bit of interest at the 290 level. From Google "The third Friday of every month—often referred to as monthly options expiration or OPEX—is the primary day to look for institutional buying"

I grabbed the April 17th Option Data. I am also interested in moving VTI.

 

[TheWizard]

Anxiously watching VTI knife slowly falling.

Any guesses on a good price point to set a limit order to add to my position in a taxable account - $315?

Also keeping in mind “buy the dividend” is nearing

For perspective - buy 10-20 shares. Nothing huge

VTI is around $321 presently.
Keeping in mind that you can TLH in taxable and move the proceeds to VOO or VV, I would buy sooner rather than later, either a limit order at $319-something or a straight market order.

In my IRAs, I always do limit orders since no plus side to a loss...

 

[Spock]

Sold:
XAR - US defense stocks
EUAD - european defense stocks
VKI, VGM, NVG - muni CEFs dropped biggly today
GRID take profits
SDIV take profits
Bought:
a teeny tiny JPM bond at 5.85%
I have likely to be rejected at EOD bids in on 6% 8 year AAA taxable muni and a 5.35% 9 year AAA taxable muni

No point jumping out the window cuz I'm on 1st floor.

 

[Fishmasterdan]

All I can saw is WOW.. Nothing but RED. Every time I look at these there is usually a sector with some green in it. I feel sorry for everyone trying to get a wage out of the market right now.
ETFs from today.

 

[NW-Bound]

Too late to sell, too early to buy?

 

[kevdude]

Took small profits in OWL, ARES, BX (between 3% - 4% in a week) and added to PDI, GOF, PHK, PFN. Still have a bit of cash, not too much tho.

 

[YellowSubmarine]

Sold portions in IRAs of several positions as cash and opportunities are for future plays:
- FBCG, FDIS, FHLC, IVV, KSLV, QLENX, MGIAX, CSWC

 

[COcheesehead]

Bought 200 shares of GOF at $10.78. Selling near NAV with a 20% distribution. The devil made me do it.

 

[GoBirds]

2 shares of VTI at 319. Made $2. Next Warren Buffett here

 

[Running_Man]

6500 is a support line so could provide a short term bounce from an analytical point of view but if that gives way there will be some real selling following that, early stages of a major decline I fear, I cashed out my puts at the close expecting to get in next week after market bounces up, hope that wasn't mistake.

 

[Running_Man]

Too late to sell, too early to buy?

Don't think it is too late to sell, but I think now is not when to buy.