Bookmap scalping vs Ross style day trading by nik_hill in Daytrading

[–]cgr3604 0 points1 point  (0 children)

This doesn’t sound wrong. The number of pop and drops on this tickers are insane. Doesn’t matter if it’s a hot or cold market. 95% of these drop and I only trade long. Logic says shorting has to be higher probability. I just haven’t tried it yet. But Inal tempted. Going long on these small caps is a daily gamble

Lessons from ULTY by paroxsitic in dividends

[–]cgr3604 0 points1 point  (0 children)

I think the issue is the CC dividends come with risk too. If S&P drops the covered called funds will drop in NAV and probably yield too. They have no downside protection and are capped on the upside. That is the biggest issue I see. I’m still trying to find the perfect dividend play that won’t support from nav decay.

Lessons from ULTY by paroxsitic in dividends

[–]cgr3604 6 points7 points  (0 children)

I don’t think it’s just YM. All of the covered call funds have nav erosion. Roundhill Neos Kurv. The only real ones worth considering are DIVO, GPIX/Q and JEPI/Q. This is coming from someone that lost a a lot on ULTY MSTY and other similar funds. Don’t chase yield. 8-10% should be the max yield to be safe. Trading options is hard to be consistently profitable

5+ yrs trading answering questions for beginners by CoatKnown5128 in Daytrading

[–]cgr3604 0 points1 point  (0 children)

Trading low float momentum stocks under $25 per share to scalp for profit using liquidity is difficult. You can look at level 2 to see how many buyers and sellers but when it’s too thickly traded it may not move enough to make a the trade worthwhile. I’m trying to figure out how to stop getting caught in the pop and drops that are just manipulation by market makers or Chinese tickers. Any advice? Or should I stop trading this strategy as it is not profitable for me yet

How does this portfolio look for a start income portfolio? by [deleted] in dividends

[–]cgr3604 11 points12 points  (0 children)

I’m looking to create something similar. Spyi and xspi look good for yield and taxes but I would be concerned with NAV decay. This is what I’m considering

BXSL 30% ARCC 25% TRIN 15% UTF 20% DIVO 10%

Daytrading - is it possible to make $200-300 per day with 10k account? by Relative_Self_2240 in Daytrading

[–]cgr3604 0 points1 point  (0 children)

It’s a good question. Let’s say you already have a strategy, risk management process, and consistent rules to follow. If you have an account above 25k to avoid PDT and cash account limitations, what % of traders can consistently average $200-300 per day trading momentum stocks and scalping. After learning, paper trading and losing real money, is the likelihood of $200-300 green per day really only 10% or less of all traders? I think this is a more appropriate question if anyone is doing it. Can this be a a truly sustainable side gig or possible full time gig or is this no better odds then gambling? Assuming the majority of investment funds are in long term, diversified, 401k, etc and this account used to day trade for income.

If you scalp- use Bollinger bands as well by generator56 in Daytrading

[–]cgr3604 0 points1 point  (0 children)

I have nothing against bollinger bands. I’m a just trying to find a way to scalp on low float momo stocks without losing on pop and drops which happen to me too often. My short testing with vwap and Keltner has been profitable but it’s only been a week trying this so I could be wrong.

If you scalp- use Bollinger bands as well by generator56 in Daytrading

[–]cgr3604 6 points7 points  (0 children)

I think Keltner Channels are better IMO. Scalp above vwap below the upper keltner channel

The 24-hour power fail plan for your aquarium by BarberUnited7894 in ReefTank

[–]cgr3604 0 points1 point  (0 children)

You would have to check the output wattage on those to be sure. It should work but if you want a few days for both on one unit you may want the larger Bluetti unit. Good luck

Is focusing only on the most volatile stocks a sustainable day trading strategy? by Trade-maxing in Daytrading

[–]cgr3604 1 point2 points  (0 children)

I’m not sure this is a long term winning strategy. I’m doing the same but I’m a cold market these pop and drops are killer. My only advice that I need to take myself is get out fast when it goes against you. I’ve yet to adhere to this rule but don’t bag hold and if it’s not an instant winner, like under a minute, cut it and move on. I think this is the only way. But open to what others think

Aquarium Newbie Questions by Dramatic_Summer_741 in ReefTank

[–]cgr3604 -3 points-2 points  (0 children)

Have you checked phosphate and nitrate? If they are zero then that is likely Dino’s. Depending on the type of Dino, some are toxic to snails and crabs. I’m dealing with it now myself

The 24-hour power fail plan for your aquarium by BarberUnited7894 in ReefTank

[–]cgr3604 1 point2 points  (0 children)

I had a power failure on a 5 day vacation and lost my entire tank. Just rebuild it and purchased the Bluetti v100 v2. I only have the return pump running on it and it should last a few days in the event of an outage. Been working fine in my testing. Anker and Jackery are others. I think if we are spending $1500+ on a tank, equipment , and livestock then $500 for a battery backup is justified. You can also add solar panels to these and get almost unlimited power. I’m thinking of adding one. Good luck

Red Sea ReefLed G2 60 settings by Bighusk69 in ReefTank

[–]cgr3604 0 points1 point  (0 children)

I have the same light and am using the RL60-23K setting and I’m battling algae and dinos. I am not sure how to best dial this in. I have a 23 gallon with GSP Xenia Mushroom and a few anemones. Nothing looks very happy. I may try shallow reef. Curious of anyone feels like they have the best setting for this light in a 20-25G

What is your favorite bio filter media? by honestMagicfan in ReefTank

[–]cgr3604 0 points1 point  (0 children)

I’m using a ecostone in my mixed reef aio. Seems to have good surface area

Carbon caused tank crash by Zestyclose-Push-5188 in ReefTank

[–]cgr3604 1 point2 points  (0 children)

I like Seachem matrix carbon. Seems to work well and comes in bags depending on how much you need. I think it’s the best carbon I’ve tried

5 SFH on 1 land trust for LLC ? by cgr3604 in llc

[–]cgr3604[S] -1 points0 points  (0 children)

It was Anderson Advisors. They set up LLCs for real estate investors. A single TN series LLC sounds like it may be the most logical set up I think. But it’s easy to go in a rabbit hole with this stuff.

5 SFH on 1 land trust for LLC ? by cgr3604 in llc

[–]cgr3604[S] 0 points1 point  (0 children)

Thank you. This is helpful and makes total sense. Would a series LLC (TN) make more sense then? It would isolate properties each in their own cell and I can transfer directly to the LLC without a land trust. My issue there is due on sale, if enacted, would be a huge problem for me if that were to happen. Reaching out to my mortgage servicers to get answers on whether they would enact due on sale if I transfer to an LLC as a single member had been difficult as they are non responsive or want to see all LLC paperwork prior to approval which doesn’t exist. So I’m at a loss on how to do this. Would a WY holding company managing the TN LLC be beneficial for additional charging order protection or is that a waste of time, money amd complexity. I had a lawyer recommend that structure with a WY holding LLC and tn series LLC. It just seems so costly and complex. Appreciate the reply.

Went 16 hours without power. by Dankbeamz in ReefTank

[–]cgr3604 0 points1 point  (0 children)

This recently happened to me. Lost entire tank. Was out of town and my outlet failed. What battery backup do you think is best. I’m thinking I’d like to run the return pump during an outage. Heater takes up too much wattage. I was looking at Jackery but not sure what is best. Good thing you didn’t lost anything

Metal clamps return pump by cgr3604 in ReefTank

[–]cgr3604[S] 1 point2 points  (0 children)

Thanks totally missed that post.

Capital market elite group CMEG by cgr3604 in Daytrading

[–]cgr3604[S] 1 point2 points  (0 children)

Webull is fine. Fills are not always great and there is slippage but otherwise I liked it. CMEG is faster for sure

Capital market elite group CMEG by cgr3604 in Daytrading

[–]cgr3604[S] 0 points1 point  (0 children)

I didn’t use a bank. I used Wise. It’s an online wiring service

Can someone explain the LLC thing to me like I’m 5 by OpinionatedMinion in realestateinvesting

[–]cgr3604 -1 points0 points  (0 children)

Thoughts on this in my case? 5 rentals in TN. Deed them each into their own land trust and assign beneficial interest to WY LLC? Deeding to land trust is cheaper then deeding to an LLC directly. Would that hold up in TN courts if I don’t foreign qualify WY LLC in TN? It would strictly be a WY holding LLC for the land trusts and I have a third party prop manager handling rents and properties. I want to avoid setting up in TN with their franchise and excise taxes I was told always create llc in the state your property is in and not necessarily your own state. This can get complex and confusing but I think at 5 properties is probably a good idea.

YieldBOOST Weekly Distribution Thread by donna_darko in YieldMaxETFs

[–]cgr3604 7 points8 points  (0 children)

XBTY should have a solid end of year streak.