POSITIONS FOR $800->$100k

[u/brokenb3ar]

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

[u/iphonehome9]

Once in a lifetime run. Too bad you only started with $800.

[u/anon_user3468 → u/iphonehome9]

I may be wrong but I am a regard, maybe someone could point out where I’m wrong if I am … Starting a robinhood account with only $800 he would have to be on a cash account and would be limited with his ability to buy and sell on the same day, with a cash account it takes a day for funds to settle and you’re only limited to 5 “day trades” in one week so I don’t think the timing lines up for this to truly have been started with only $800. I know this because I have started with only $500 and it’s almost impossible to buy calls and flip them this consistently without the account being flagged .. he is showing his realized profits and losses but he is not showing us when they were bought and for how much .. his first profitable trade was for 9k with a 182% profit meaning the initial investment on that call alone was about 5k .. how did he get from $800 to 5k?

[u/im_wrong_but_listen → u/anon_user3468]

Cash accounts don't have pattern day trading rule. Only margin accounts with less than 25k are limited trades

[u/anon_user3468 → u/im_wrong_but_listen]

Yes but cash accounts take a day to settle so you can’t buy and sell so close together

[u/racerx1913 → u/anon_user3468]

I am convinced that all of you lose money because you don’t even know how brokers even work. I have a cash account and I day trade almost every day. If you buy a SPY contract and you put up $100 to buy that contract, you only use $100 of your buying power. That settles the next day and you can use it again +/- any gains or loses.

[u/Brilliant-Space3066 → u/anon_user3468]

He could take 4 trades of 200 dollars and close them all same day, so it’s very possible. Then the cash is settled overnight and fully available next day.

[u/ZealousidealHall8975 → u/anon_user3468]

Yep you’ll get slapped with free ride violations otherwise