Received 11 Karmas
Turbobob Nov 20, 17 9:59 AM
Can't predict that. Have tow ait and see what th eprice action is when it gets there
Jbarsk82001 Nov 20, 17 10:01 AM
yes sir, very impressive run with this ticker so far, seems to be fueled by all the short sellers
Jbarsk82001 Nov 20, 17 11:38 AM
bob did you get some of xnet over 16 ? what a move on this thing !
Turbobob Nov 20, 17 12:04 PM
No, I missed it.
Join now or log in to leave a comment

@juanchov0705 just became a fully transparent trader today!


PDT doesn't exist for cash accounts, only margin accounts. However, you can only freely trade with your settled cash. See this link of the violations you have to avoid, as you can still use tied up money to trade with, but you can't sell until it becomes settled: https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations
See this as well: http://www.finra.org/investors/day-trading-margin-requirements-know-rules "Does this rule change apply to cash accounts?" The terminology not to get stuck on is the fact that with a margin account, you can trade with unsettled funds again as soon as you sell, hence the ability to "day-trade" in the first place. Whereas with a cash account, you're fully buying and own the shares, so you're free to sell as soon as you want, but you can't reuse the funds until it's settled (T+2 no
Thanks everyone for the feedback! Must appreciated!
I am using RobinHood and they only allow you to make 4 day trades a week if your account is under $25,000 before they block you from making any day trades.
Join now or log in to leave a comment