The Rokslide Stock Traders Thread

Johnboy said:
Is this why the aggregate "price" doesn't always reflect the actual purchased price average on a positions chart? I got into that situation with CDEV back in summer when it was bouncing around and I did a couple of reloads. I didn't understand the difference at the time.
Click to expand...
It certainly will cause the aggregate price to be dissimilar from your purchased price. It can be frustrating because it takes time for the wash sale rule to be reflected in your account. More often than not it will be the following day that you are suddenly looking at a different price that what you believe you paid for a stock.
 
NorthernMN said:
It certainly will cause the aggregate price to be dissimilar from your purchased price. It can be frustrating because it takes time for the wash sale rule to be reflected in your account. More often than not it will be the following day that you are suddenly looking at a different price that what you believe you paid for a stock.
Click to expand...
Appreciate the info here. Do I have to account for this in any way when I do my 2020 taxes? Or can I just upload my TD Ameritrade Form 1099 and let TurboTax work its magic?
 
NorthernMN said:
A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days of the sale (either before or after), you purchase the same—or a "substantially identical"—investment.

So you sell your GME for a $500 loss today. Tomorrow (within 30 days) you buy GME again for a bunch cheaper. Your broker will adjust your new purchase so you are -$500 on your newly purchased shares. Thank the IRS.
Click to expand...
Thanks for that insight. Always learning here.
 
So this has kind of been answered. What’s the best platform for the these OTC plays? I’m taking all my money out of Robinhood and was looking either web bill or fidelity but those won’t work for everything. Also I don’t really love fidelity platform, gf uses it and it’s not as intuitive.
 
Johnboy said:
Appreciate the info here. Do I have to account for this in any way when I do my 2020 taxes? Or can I just upload my TD Ameritrade Form 1099 and let TurboTax work its magic?
Click to expand...
I can't speak for every broker but I can for TD Ameritrade. The 1099 that you receive will have all your short and long term gains and losses. Your short term net and long term net are what you will need to pay taxes on. This will be clear on the form. Turbo Tax will be able to figure it out for you if you feed it the data on the form. 1099 forms will be available by February 16. So they cam make sure they have caught any was sale adjustments in those 30 days after the end of the year.
 
Buffinnut said:
I was gonna do the same but fidelity caveat emptored me
Click to expand...
Bummer.
I popped in and out of BKMP with $200 profit, but more importantly I wanted to see how the buy/sell went. You guys know that sometimes it's about impossible to process this micropenny stuff before the price heads south again. It went okay though.

BCAP was the same thing last month, but it went from .0002 then to .0022 today. A thousand bucks invested then would be 10K now.
 
Last edited:
Broomd said:
Bummer.
I popped in and out of BKMP with $200 profit, but more importantly I wanted to see how the buy/sell went. You guys know that sometimes it's about impossible to process this micropenny stuff before the price heads south again. It went okay though.

BCAP was the same thing last month, but it went from .0002 then to .0022 today. A thousand bucks invested then would be 10K now.
Click to expand...
I have made a good chunk of change off the micropenny stuff but its a little scary. I always play with little amounts 100-200 bucks. I dont really understand them but Fred has rarely been wrong so I trust him. I will get my ass handed to me on one of them sometime.

If I had held my HCMC until the peak yesterday, I would have turned 200 bucks in to 10,000.00. That one stings a little bit.

giphy.gif
 
Last edited:
CorbLand said:
I have made a good chunk of change off the micropenny stuff but its a little scary. I always play with little amounts 100-200 bucks. I dont really understand them but Fred has rarely been wrong so I trust him. I will get my ass handed to me on one of them sometime.

If I had held my HCMC until the peak yesterday, I would have turned 200 bucks in to 10,000.00. That one stings a little bit.

giphy.gif
Click to expand...
Who is Fred?
 
CorbLand said:
I have made a good chunk of change off the micropenny stuff but its a little scary. I always play with little amounts 100-200 bucks. I dont really understand them but Fred has rarely been wrong so I trust him. I will get my ass handed to me on one of them sometime.

If I had held my HCMC until the peak yesterday, I would have turned 200 bucks in to 10,000.00. That one stings a little bit.

giphy.gif
Click to expand...
I had 4,000,000 shares @.02 and sold for .03

Sent from my SM-G975U using Tapatalk
 
Deleting this post, don't want to stear someone in the wrong direction with a stock that's not worth it.
 
Last edited:
go_deep said:
I found one stock tonight that is interesting. SHIP @ $1.30ish was over $200+ just in the last 2 years. Going to dig around a bit more, but might through in a bid on it.
Anyone finds some good or bad info on it let me know.
Click to expand...

SHIP and TOPS show those prices due to repeated reverse split, offerings and dilutions. They are terrible stocks except for a daytrade or overnight swing, never trust them long.
 
You must log in or register to reply here.

Similar threads

MeatMissile
Funny Quotes From Hunting Trips
3 4 5
Replies
91
Views
5K
bullnose
bullnose
MOA Zach
New Site in the Works – Find In-Stock Rifle Parts
Replies
2
Views
403
MOA Zach
MOA Zach
ckt3
Newer hunter… Rokslide special caliber?
Replies
4
Views
253
KHntr
K
Bachto
Need some advice from the wiser Rokslider's
2
Replies
38
Views
2K
roadrunner
R
D
Stocky's Stock Finish?
2
Replies
28
Views
3K
K9kodi
K

Latest posts

Featured Video

Latest Articles

Back
Top