Both eTrade and Fidelity have been at the user/risk management/mitigation game for quite a long time; eTrade started as an online broker accessible from AOL and Compuserve 1991 (pre-internet being very accessible to the public). They already had restrictions to prevent people putting together complex options strategies that several folks didn't really undertsand.With moves like that, I wonder if these people will move over to other platforms such as E-Trade, Fidelity, etc.
I don't think its just willingness to court millenials; you must also have the naivete to not block certain known exploitation techniques, a crappy risk mitigation team, and a bankroll to go after them.There are more brokers out there. I only brought up E-Trade and Fidelity because that's what I could think of at the time off the top of my head, and both are well established. Would a newer brokerage dealer, specifically targeting millennials and the older Gen Zers, be available for them to do these shenanigans? Perhaps Acorns? Maybe Webull?
That's what I'm trying to get at.
To be fair, we may be coming into a world where everyone is their own "power company."Tesla is successful in no small part because Elon Musk is a cult of personality, and the rest is coming out with a viable product no one else had at the time, that now everyone else is answering. Upstart car companies still have about a 0.0000000000009% chance of breakthrough success in this day and age, especially when the upstart company in the EV field names themselves Nikola.
This is may be very unscientific but there is zero chance the only two high volume car makers to emerge from scratch and not immediately implode in a century are Nikola, Tesla. If that works out I’m pulling myself up by my bootstraps and starting my own power company to compete with Com Ed, I’ll call it Com Tom!
So that's my quandry. I don't need the money to invest elsewhere. My first inclination is to let it ride. However, I wanted your opinions on how likely you think this ETF will 2x in the OCT or Feb timeframes.If it's YOLO money let it ride (Option 1) unless you've completely lost confidence in the company ever turning around or are unwilling to just let it ride then exercise Option 2 and reinvest it elsewhere. I'm still sitting on huge losses on UAA and UA that I should have dumped when Kevin Plank split the hell out of the stock. I'd have been happy to take 50% losses when it last rose to ~ 25 but now I've got to sit it out or take huge losses. Like you, I'm on the fence about that one as well.
I'm sorry I'm not versed in options. If you can sell at a loss, turn around and put what's left of that money to better use elsewhere then that's probably the better option. Lick your wounds and move on.
I daytraded EKSO and VXRT today in a virtual account in a million dollar game and made $3100 and $2600 respectively, and also sold my short position in Wirecard that I opened Monday.Anyone own EKSO? I bought some shares when we discussed about it here before their reverse stock split.
I guess the FDA approved EKSO for some exoskeleton suit on brain damaged patients bumping up their share price 125% on my last check. I'm happy, lol.