POSITIONS FOR $800->$100k

[u/brokenb3ar]

Since yall can’t stop crying about my positions. I’ll post it now here lol.

[u/Swyk94]

Yeah had the same conclusion as u. But the be fair, if he could’ve gotten 5k to 100k, that $800 to 5k would be quite insignificant as well.

Mans lucked out this run or he’s really good

[u/anon_user3468 → u/Swyk94]

Its the trading timeline idk if it would work out, he would need a margin account to make all those trade so close together and you need 25k to day trade with a margin account

[u/Swyk94 → u/anon_user3468]

I don’t use this broker so I’m not sure how it works. For mine as long as u have cash there is no limits on trades. Why would he need 25k?

[u/anon_user3468 → u/Swyk94]

On robinhood you need to have more than 25k in a margin account in order to make more than 5 day trades in one week otherwise your account gets flagged.

[u/Swyk94 → u/anon_user3468]

Oh wow that is very strict.

[u/cromwest → u/Swyk94]

It's not just Robinhood. It's the pattern day trader rule.

[u/Swyk94 → u/cromwest]

Wait my broker doesn’t have such regulations tho. Or is it a thing only for US citizens?

[u/Nomaddo → u/Swyk94]

US citizens

[u/anon_user3468 → u/Swyk94]

Getting from 800 to 5k is pretty difficult without being able to consistently day trade, he def started this account with more than 800$

[u/worm45s → u/Swyk94]

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