If you are going to day trade learning to trade gaps is a must IMO. Maybe your stops are tight to minimize losses? Mohamed: You said you got lucky and wouldn't even call what you did investing. The traders using what they called infinite leverage to supercharge their wagers could be held liable for the money and guilty of securities fraud, according to Donald Langevoort, a law professor at Georgetown University. Hope this helps. Cookies help us deliver our Services. Not 2008. Who knows when the next flat or down year will be. I’m unsure if there are benefits to using Etrade vs. a non commission platform. I saw the market potentially becoming more volatile. Another bonus is it lets me set a stop loss and limit sell all at the same time. Should they play it safe in the next few weeks, or look for opportunities to profit from the volatility like you did? It’s there to “protect” people but really it’s put in place as red tape to prevent small players from day trading. But not 2015. That used to be like a once a day thing, someone freaking out because they didn’t understand that people can actually exercise options. More posts from the StockMarket community. Wer die App nicht kennt: Man kann damit in … Daily Discussion Thread - October 20th, 2020. Buy at the Dec 14 low of about $84, sell at a December 16 high of about $86...then wait as the stock deflates to a low of $84.70 or so on Dec 20, then buy again. Users of Robinhood Gold are selling covered calls using money borrowed from Robinhood. And hell, if I gave it all back, my life won't change in the slightest," he said. Update: SpeaksInBooleans posted a screenshot on Wednesday showing $250,000 in his Robinhood account. I see how the support could be an issue, and the lack of research tools is a drag. Do your fun speculation and market timing play in Robinhood with its free trades. I'm personally waiting for a number I have in mind for the S&P 500 to buy an S&P 500 index fund and hold for the long term. Repeat. And that means that the more money a user borrows, the more money Robinhood will lend them for future trading. Mohamed: What do you intend to do with your return? I'm living below my means. 1 1 1. A 70,000 account with day trading power can be millions trading option spreads if you play it safe and close profit around 50% year after year. I'm smart enough to see a nearly 3,000% return isn't sustainable. 1.7k. $100 a day (on average, not getting $100 everyday) with the money you have isn't hard. I tried posting this on the Robinhood sub but someone else already posted it and was removed by the sub's mods. I'm happy that at least they tell you when you f up. That was most definitely a last straw not entire situation deal. Press question mark to learn the rest of the keyboard shortcuts. All investments involve risk and loss of capital. And from what I've heard other brokerages execute assignments like this on occasion, especially tasty works. What happens if it keeps going down and suddenly you're $500 in the hole? You will have bad trades and if you're rigorous about stopping out at a certain loss, you're going to need to make even more trades to win. If you “open” a transaction and then “close” a transaction on the same day , that counts as a day trade. No, these marks are completely normal. But for now, my luck has peaked. report. It will not be easy, and what I've detailed above is why 99% of day traders lose money. Downside is Robinhood is only an app and the UI is not great. try to declare bankruptcy, i would like to see it. Great, right? OC. It's just as easy to lose that $100 than it is to make it. Small portfolio for short-long term trading = Robinhood Big portfolio for day trading, swing trading, short/long term trading = E-trade. how often do you trade or otherwise monitor your Robinhood account (constantly, daily, occasionally, etc.) Perhaps he would of thought of bankruptcy if our education system taught useful things for the real world before your 18. you are so naive. SpeaksInBooleans: Firstly, set aside money for taxes in a high-yield savings account. Use screener to find volume plays. Sign-up for Robinhood, a pioneering commission-free investing and trading app that gives you more ways to make your money work harder. Keep long term investments in Etrade. He subsequently lost that money and posted a video of the wipe-out on YouTube. Look at $MSFT chart for the past week and you'll see how this worked for me. No options trading I just received an email today that they're introducing free options trading. A single lazy trade within the spread of any large cap would make that possible and them some. Another frustrating bug I remember is the instant deposit almost never working in a timely fashion. Cookies help us deliver our Services. 9 comments. Could you average 50$ a day? I’ve only seen a bunch of headlines. If you get greedy and go for more than $100 per trade, you've now let emotion get the best of you which never ends well. 222 comments. But that's obviously not a daily strategy. Mohamed: Did you worry about risking your VXX return by buying the SPY calls? Please feel free to check out our other guides and due diligences on https://www.tickhounds.com, Its important to note this doesnt apply if you're using a cash account, only on a margin account. I 100% got lucky. Add that to the $25000/yr goal. Business Insider reached out to learn more and confirmed his trades by reviewing screenshots of his Robinhood account. Here is a link I found: https://www.reddit.com/r/RobinHood/comments/6fax3c/can_i_transfer_shares_from_robinhood_to_schwab/, But selling causes a taxable event too. I bought where I thought the VXX would end up because of coronavirus fears and because of the VXX 52-week low. In the second, I put all my money into index funds and various ETFs and stopped trading in Robinhood. Posted by 22 hours ago. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. TDameritrade is better for long term. How come? Got down voted to shit for saying this earlier. A Guy on Reddit Turns $766 Into $107,758 on Two Options Trades. One downside to UStockTrade is there is a limit of 10,000 dollars per trade so i'm looking to move on to Lightspeed Traders. Uh. A Robinhood trader said he turned $5,000 into more than $123,000 in five days. The Menlo Park, California-based money-management software designer touts trading “free from commission fees.” Robinhood Gold customers are invited to “supercharge” their investing by paying $5 a month to trade on margin, or money borrowed from the company. Here is the article. You can't baby every single trade you do and expect it to be a win. It's very, very unlikely he was completely of sound mental health in the days or weeks leading in, saw the Robinhood screen and then decided to take his own life. Say you’re a small time investor and looking to flip a few stocks to maximize your gains. Here’s how the trade works. I sold them on March 9. I usually wait for big red days, look for stocks that I think are way oversold and buy it on the next green day. If the 10K limit is not a problem you face and you don't want any kind of PDT restrictions, I highly recommend UStockTrade.

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