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Post by clinton on Mar 2, 2024 10:31:01 GMT -5
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Post by clinton on Mar 2, 2024 10:39:51 GMT -5
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Post by clinton on Mar 2, 2024 13:47:02 GMT -5
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Post by luckey on Mar 2, 2024 14:36:29 GMT -5
I read an interesting idea this past week. The idea is to get Robinhood gold for cheaper.. I have not tried this. The math seems sound.
Apparently with gold you get 1000 in interest free margin.
If you take this 1000 and put it in a short bond with a monthly payout (sgov, icsh, etc), you'll be paying less than a buck monthly for rh gold, if you figure in the 5+% cash from the bond fund. If you have almost any amount of cash in your account it will almost certainly be in your favor to triple the cash sweep %.
I'm tempted to try. I would have done this already , except I've already swept all my cash into sgov. The monthly cash drops are nice.
Thought I'd share in the Saturday movie room, in case anyone wanted to give it a try..
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Post by frank3w on Mar 2, 2024 19:57:19 GMT -5
Robinhood still selling our data,?...
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Post by frank3w on Mar 2, 2024 19:58:40 GMT -5
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Post by luckey on Mar 2, 2024 23:37:38 GMT -5
Re hood data .. yep, I expect they are. Doubt it ever stops at this point.
Now with ai in its learning phase. Seems everyone with an ai model is eager for unique and interesting data streams. Apparently goog just made a deal with reddit for 600mm to use their data to train with!! Not bad for bonus money..
These forum hosting web sites might be sitting on a gold mine? How many messages are in just this fazination directory? 100,000's I'm sure.
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Post by clinton on Mar 3, 2024 12:33:08 GMT -5
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Post by clinton on Mar 3, 2024 12:56:47 GMT -5
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Post by luckey on Mar 3, 2024 18:20:40 GMT -5
After playing with btc on hood, I think Bitcoin was made as an arbitrage harvesting tool.
My first btc trade ever was Friday, after reading Dino's post with the chart showing the pennant and break. I had a little cash that I didn't get a chance to put into a bond.. I had short calls at 14 on hood that were called. I put this money into BTC on the hood platform. I did a market buy (never do this) the price was at ~62400, filled at ~62,700. This morning I woke up, and I wanted to make sure I got back into cash for Monday. I plan to sell hood puts at some point tomorrow. So I put the order in. A limit order at 62,888. The price has danced around this figure all day. It just filled.
1,There are no fundamentals to guide price action.
2,There are no responsible parties to complain to if things go haywire.
3, The price listed is not the actual unit price available.
4, the range that the market gives as spot is humongous.
George Soros is Satoshi nakomuchi is my conclusion. BTC is a racket. A very expensive, broadly accepted racket. The dealers have a ridiculous advantage. Why would any retail person want any part of it?
Am I missing anything here?
Of course I see how savvy traders with a good feel for the market may be able to find a foothold and make money. For anyone with a more casual style, it's a dollar grinder! I feel blessed to have gotten out with a free lunch!
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