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Post by lasvegas77 on Mar 9, 2017 10:02:31 GMT -5
One thing about scottrade is it's hard to take money out of the account unless you make a cash account with the other account. It's actually been quite easy for me - they gave me a check book. Scottrade used to even have a debit card but not anymore. IB only does wire and ACH transfers. You must have a cash account with that checking account. I used to have a checking book too but they stopped allowing transfers out. Right now i can only put money in because i don't have a cash account with them. I could pay to send a check out though.
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Post by lasvegas77 on Mar 9, 2017 10:05:50 GMT -5
I shorted uvxy after hours with scottrade after hours by the way.
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Post by lasvegas77 on Mar 9, 2017 10:08:54 GMT -5
price was 19.53
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Post by GotShares on Mar 9, 2017 10:09:44 GMT -5
What Brokerage firm do people use to short UVXY?
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Post by lasvegas77 on Mar 9, 2017 10:10:55 GMT -5
at fidelity they charge 10% interest on uvxy.
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Post by GotShares on Mar 9, 2017 10:16:39 GMT -5
I think it is 9% - If you don't hold it overnight then no interest
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Post by GotShares on Mar 9, 2017 10:18:37 GMT -5
How does that 9% compare with other firms?
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Post by lasvegas77 on Mar 9, 2017 10:20:42 GMT -5
They also keep charging you interest until your shares are fully settled 3-5 days later after you cover.
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Post by GotShares on Mar 9, 2017 10:24:14 GMT -5
Doesn't everybody do that though?
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Post by lasvegas77 on Mar 9, 2017 10:25:36 GMT -5
no idea.
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Post by walnut on Mar 9, 2017 10:29:06 GMT -5
I need to check IB on that stuff
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Post by clinton on Mar 9, 2017 10:39:17 GMT -5
theres that SPY bull flag again same time of day
bet it drops again.
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Post by theMist on Mar 9, 2017 10:42:58 GMT -5
nice - just got back and see VXX dropped to 17.14
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Post by clinton on Mar 9, 2017 10:45:30 GMT -5
gold and spy both have shit 10min OBV
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Post by theMist on Mar 9, 2017 10:45:59 GMT -5
Here's the VXX chart with projected move from yesterday (I left the line on exactly as I had it) - so far your looking good Las Vegas VXX 17.15 -- let's see if VXX can continue to rollover image hosting
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Post by theMist on Mar 9, 2017 10:49:45 GMT -5
Good to see you GotShares
Scottrade doesn't ever have UVXY to short since last reverse split Scottrade only has VXX to short and after 7am EST (that's when Scott's trading desk gets in) Scottrade doesn't allow shorting of any security below $5 (so can't short TVIX right now)
Interactive Brokers has a lot of shares to short of TVIX, VXX However, their commissions are absolutely insane. Did a round trip of around 24k TVIX yesterday and it cost me around $280 bucks. way too much.
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Post by lasvegas77 on Mar 9, 2017 10:56:21 GMT -5
they had it last night mist. I shorted tvix after hours.
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Post by lasvegas77 on Mar 9, 2017 10:57:03 GMT -5
Im gonna take a cat nap. I barely slept last night. haha
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Post by GotShares on Mar 9, 2017 11:01:16 GMT -5
So you think Scott, IB and Fidelity are what most people use? Any others... I guess I should start calling around - I'll let you all know what I find out
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Post by theMist on Mar 9, 2017 11:05:04 GMT -5
So you think Scott, IB and Fidelity are what most people use? Any others... I guess I should start calling around - I'll let you all know what I find out Me and Walnut use Scottrade and IB. But I'm getting out of IB -- commissions way too expensive. Others also use fidelity I cannot trade today and hands tied since I'm switching back to Scottrade
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