What are /r/smallstreetbets' favorite Products & Services?

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For all those wondering

https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/

You can buy them on Amazon, such a bargain at only $9 a piece. The trick is to find a buyer who will pay market price and sell it to them for a profit.

hey codex, congrats for starting a very big journey! If i were you, I'd read a few options books before you get started, and do some paper trading.

https://www.amazon.ca/Options-as-Strategic-Investment-Fifth/dp/0735204659 is one of my favourite, and shouldn't be too hard. Message me if you have more questions!

I am getting rid of 20 items of excess inventory that I need to throw out or get rid of cause of storage fees, so I am selling these for 99 cents, available here: (9$ shipping cause priority mail flat rate is expensive)

https://www.amazon.com/Wallstreetbets-Diamond-Hands-Printed-Stonks/dp/B08YXWV4GQ/ref=sr_1_76?keywords=wsb+diamond+hands+figure+wallstreetbets&qid=1644131493&sprefix=wallstreetbets+diamo%2Caps%2C68&sr=8-76

currently i have a typo in the listing with the customization for middle, left, right. Just pick based on the colors.

Kind of. It doesn't matter when you sell, just that you don't repurchase similar securities within 30 days.

If you buy GME at $200, the price goes down to $100 you have a $100 unrealized loss (you haven't sold anything yet to realize that loss). If you then sell GME at $100, you realize that $100 loss and can net it against your capital gains for the year.

But, if you repurchase substantially identical securities within 30 days that $100 realized loss is no longer able to be realized, and becomes an unrealized loss once again. If you were to repurchase GME a week later at $120, that unrealized loss is added to your basis. So you have a cost basis of $220 ($120 purchase + $100 unrealized loss).

You wouldn't have to sell on any specific day. Even if you were to sell the security on December 31, as long as you don't repurchase substantially identical securities within 30 days you're good to go.

Here's a good article.

https://www.schwab.com/resource-center/insights/content/a-primer-on-wash-sales

Didn’t Robinhood stop using Apex? Or was it that they switched over to them? This was back in 2019 I believe, I remember getting an email saying that I’d have to download some extra forms for taxes because they switched over during the year.

I ended up googling it and this link seems to suggest they are doing their own clearing:

https://robinhood.com/us/en/support/articles/whats-clearing-by-robinhood/

You would have to downgrade from the standard "Robinhood Instant" to a "cash account"-- which are not subject to Pattern Day Trader rules-- by opting out of "instant settlement."

That means you would also need to wait for deposits to settle (up to 5 days) as well as any stock/option sales.

If you're on Robinhood Gold, you will have to give up that service, or deposit a minimum of $25k.

See: https://robinhood.com/us/en/support/articles/robinhood-accounts/

No, no setting. They outline this exact situation on their site - https://robinhood.com/us/en/support/articles/expiration-exercise-and-assignment/

Until they change their policy this is the way they handle options on day of expiration.

I think you're misinterpreting the PTD rule. When you first hit the amount of alloted day trades, your broker will hit you with something called a "Day Trade Minimum Equity Call." That means you're supposed to bring your account to a minimum of $25,000 in equity. However, I'm pretty sure you don't have to actually meet that requirement at that time, as long as you don't place another day trade.

If you do place another day trade while under that equity call and under $25,000 in equity, then you'll be restricted to only being able to close out existing positions, and you won't be able to open any new ones. Read this - RH PTD Rules

Did you try to transfer your entire portfolio? I did a little reading on this myself. If you had any fractional shares, they won't transfer. For some reason there's a restriction on my account. .. waiting for RH to explain why/how/when. This link might help answer some of your questions (especially considering the awesome customer service RH provides):

https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/

It's not necessarily a bad thing. You can wash trade all you want, it just limits what you can realize in losses to net against your capital gains. The losses are only deferred, not permanently disallowed. I would recommend this article.

https://www.schwab.com/resource-center/insights/content/a-primer-on-wash-sales

Robinhood doesn't have some sort of FAQ or something they make you read before granting margin?

Here's information from Charles Schwab which should be similar

Schwab Margin Guide

If you work with code even once in a while or intend to learn how, you probably want to learn how to install git because it is awesome. Then in a terminal on Mac/Linux or using Git-Bash application on Windows (which is part of the install for Windows), you would:

git clone https://github.com/SamPom100/UnusualVolumeDetector

Which would download his code to a directory and you can then follow his instructions. If you don't really work with code ever, then on the github page look at the top-right for a green "Code" button, click it for a drop down, and do "Download zip" -- extract that and you now have the code and can follow his instructions.

If you don't have Python installed, you would have to learn how to do that. On Mac/Linux Python is generally already installed. On Windows it's not. Once you have Python, you would get the code, navigate into that directory, and again, in a terminal on Mac/Linux/Windows, you would follow his instructions, namely

pip install -r requirements.txt

then

python market_scanner.py

If this is all foreign to you and you really want to learn how, I would start by installing Git, above, and maybe googling "how to install python" if you're on windows, and "how to install pip", "how to run python script", etc. This is all a lot easier if you're not on Windows as half of it is already there for you on Mac/Linux.

If you're on Windows and your eyes are glazing over maybe this nice gent can use py2exe to package it into an .exe double-click release for the luddites, I've done enough and must sleep. <3

Did you actually look at the company... the company did not do that. They making movies, TV series, animations all content development.

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So many stink shit stocks out there that dilute to shit, but 51m float, and104m OS with real products unlike most OTC stocks.

Android app PR

https://play.google.com/store/apps/details?id=com.bigscreenentertainmentgroup.bigstreamentertainment

>investments at no Cost

RH wants $75 to move your securities. you can cash out and move the cash then rebuy, but FH charges a fee for the moving of securities.

And it is a $75 fee for partial or whole transfer, weird but that is what it is.

https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/

https://robinhood.com/us/en/support/articles/expiration-exercise-and-assignment/

How to Exercise If your option is in the money, Robinhood will typically automatically exercise it for you at expiration. If you’d like to exercise early, you can do so within the app.

Lol yea dick move I know. Really though man, if you can't differentiate between or recognize reliable sources how are you going to learn anything else? Googles your friend. Learn how to use it. I'm not a complete dick though so here's a link explaining it. https://robinhood.com/us/en/support/articles/pattern-day-trading/

If you can't understand this then I would just put your money into an etf and move on

lol... are you new to RH? US$ obviously means US dollars. I bought TSLA. It doesnt show a ticker because I took that screenshot on https://robinhood.com/stocks/TSLA. History on a certain stock page does not show a ticker.

yeah but a 50 cent vix call is actually $50 my bad

you might want to buy less than daily because of that, or go for cheaper vix calls..

you'll need to buy calls on the VXX or UVXY etfs instead

i'm loaded on vxx right now in rh, two things you should know:

- VIX always regresses towards the mean over time, you can't invest in it long term, and on average you can lose money

- You buy calls on it it when you're anticipating a sharp correction or market crash, 50 cent was successful because instead of trying to time the market, he bought a little each day until it happened

right now the market is in a tumultuous state, so I'm buying vxx calls like this:

- watch vix and vxx using tradingview.com candlestick chart, 5m interval with RSI indicator up

- watch it and when it's trading at the bottom of the range (RSI is below the lower line) load vix calls -- also best to buy when vix is in the red

- hold them until vix takes off, wait until it's up 5-20%

literal money printer, but it only works when the market is highly volatile, and choosing entries and exits carefully is critical

i'm expecting it to run up high tuesday morning... if you want in be patient and wait for it to subside, use RSI and average down until you think it has bottomed: buy small quantities like 0-5 calls at a time every time the price of the call drops 10-20 cents -- go slightly otm

Anti-gravity wouldn’t surprise me, they were working on it in the late 50’s. Problem is, even Einstein never really understood gravity. A decent read on the research:

The Hunt for Zero Point: Inside the Classified World of Antigravity Technology https://www.amazon.com/dp/0767906284/ref=cm_sw_r_cp_api_glt_fabc_K2X923J03VYVEBVJXM2Z

Razer Blade 15

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https://www.amazon.com/Razer-Blade-Gaming-Laptop-Thunderbolt/dp/B087LW2KFG/ref=sr_1_4?crid=2F5VLUIKNF56S&amp;dchild=1&amp;keywords=razer+blade+15&amp;qid=1599074991&amp;s=electronics&amp;sprefix=razer+blade+%2Celectronics%2C190&amp;sr=1-4

He's the OG founder of the sub. But one day he tried to monetize WSB by hosting a trading competition (and sell trading courses too I think). Rumors have it that WSBgod is just a fake created by Jarek to promote the competition. Mods pulled a coup-d'etat earlier this year and banned Jartek from WSB

Fun fact: Jartek wrote a book on WSB and you can find it on Amazon lol https://www.amazon.com/WallStreetBets-Boomers-Worlds-Biggest-Millennials-ebook/dp/B084CZKCSP