All things STOCKS

#2,451
#2,451
VolAllen said:
If you don’t have at least 25k in your account, you’re limited to 3 day trades every 5 trading days, per SEC rules.
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I thought that was just for margin accounts like the guy said.
It was my understanding if you're using your own cash that didn't matter.
 
#2,452
#2,452
Orange_Vol1321 said:
I thought that was just for margin accounts like the guy said.
It was my understanding if you're using your own cash that didn't matter.
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Anyone who makes 4 or more day trades in a 5 day period is required to have at least $25,000 in their trading account, and if they don't they won't be able to make anymore margined day trades until they bring their balance up to $25,000. This rule applies to margined accounts, where the trader utilizes margin.
 
#2,454
#2,454
Orange_Vol1321 said:
Anyone who makes 4 or more day trades in a 5 day period is required to have at least $25,000 in their trading account, and if they don't they won't be able to make anymore margined day trades until they bring their balance up to $25,000. This rule applies to margined accounts, where the trader utilizes margin.
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Na, even if it’s a cash account it’s gotta be at 25k. I’ve never used margin and couldn’t day trade fully until the account hit 25k
 
#2,455
#2,455
VolAllen said:
Na, even if it’s a cash account it’s gotta be at 25k. I’ve never used margin and couldn’t day trade fully until the account hit 25k
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Well I seen where you could turn the day trading/instant settlement off on the robin hood app. The Ameritrade guy told me when you day trade you have to wait two days for the funds to adjust.

On the flip side, what if something you bought in the morning starts to tank because of bad news that afternoon and you need to sell?
 
#2,457
#2,457
Orange_Vol1321 said:
Well I seen where you could turn the day trading/instant settlement off on the robin hood app. The Ameritrade guy told me when you day trade you have to wait two days for the funds to adjust.

On the flip side, what if something you bought in the morning starts to tank because of bad news that afternoon and you need to sell?
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That’s the risk of not having a day trade available. I used to think of them like timeouts in a football game. You always want to have one in your back pocket. I’ve been stuck holding before because I didn’t have any and missed out on big profits because the stock crashed the next morning. You’re really fighting with one hand if you don’t have 25k in the account.
 
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#2,464
#2,464
Anyone seen this trend with Gnus stodk happen before? I can't set a limit to buy into it, because it shoots up so much the next day.

I give up!! First month trading and things have mostly been positive but the GNUS miss is so disheartening and is crushing my attitude right now.
 
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#2,466
#2,466
#JuanVol said:
I need to follow this thread more. You guys seem to know what you are doing. Once I get my debt paid off I will have a better cash flow
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I dont do (too many) individual tax returns any more but I know one thing from doing them - if everyone was as well off financially or picking stocks as they let on, the country would be full of millionaires :)
 
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#2,467
#2,467
BigOrangeMojo said:
I dont do (too many) individual tax returns any more but I know one thing from doing them - if everyone was as well off financially or picking stocks as they let on, the country would be full of millionaires :)
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Yep, I think they enjoy getting a $3000 loss every year.
 
#2,469
#2,469
#JuanVol said:
I need to follow this thread more. You guys seem to know what you are doing. Once I get my debt paid off I will have a better cash flow
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Keep in mind.. anyone can day trade right now. A lot of beaten down stocks are up 70% since the bottom. It's the times where picks aren't so easy that things get tough.
 
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#2,472
#2,472
VolAllen said:
View attachment 284563
The goal was 15.50 for the day lol....we passed it.
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That's awesome! I seen this in a story released today saying they expected it to drop to $12.


Despite the big 2020 hit, Spirit IPO investors have still managed to squeak out a small profit over the past nine years. In fact, $1,000 worth of Spirit IPO stock in 2011 would be worth about $1,172 today.

Looking ahead, analysts aren’t expecting much more from Spirit in 2020. The average price target among the 13 analysts covering the stock is $12, suggesting 14.8% downside from current levels.


Actionable Trading Ideas, Real Time News, Financial Insight | Benzinga
 
#2,473
#2,473
Orange_Vol1321 said:
That's awesome! I seen this in a story released today saying they expected it to drop to $12.


Despite the big 2020 hit, Spirit IPO investors have still managed to squeak out a small profit over the past nine years. In fact, $1,000 worth of Spirit IPO stock in 2011 would be worth about $1,172 today.

Looking ahead, analysts aren’t expecting much more from Spirit in 2020. The average price target among the 13 analysts covering the stock is $12, suggesting 14.8% downside from current levels.


Actionable Trading Ideas, Real Time News, Financial Insight | Benzinga
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lmao they’re probably holding short positions, betting on an apocalypse that never happened. This will see $20’s by July 4th.
 
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#2,475
#2,475
LIvol said:
Anyone seen this trend with Gnus stodk happen before? I can't set a limit to buy into it, because it shoots up so much the next day.

I give up!! First month trading and things have mostly been positive but the GNUS miss is so disheartening and is crushing my attitude right now.
Click to expand...
I’ve seen people talking about how they’ve never seen it before. They were saying don’t use limits just get in wherever you can. This thing has been mooning 🚀. I’m a noob trader too and I think I just hit a jackpot that I’m not sure I’ll ever see again.
 
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