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For 3yrs ive could of avoided that pdt just by switching to cash account. Damn i fked up a lot trades not realizing this. About to see some serious gains in the next few weeks.😂
@@liudxdx hell naw😂 i used it and didnt like it because you still had to wait for your funds to settle. Not good for someone like me because i go all in and cant wait. Gains?lol was up 700 to 4000 a few times and didnt take profit. Messed up good positions.
Not too sure if I was in margin or cash but I got flagged and I stopped getting interest from cash sweep program and it said to change it to cash account to get it again so does that mean I had cash account or a margin account ? But if I had a cash account before how did I get Flagged for pattern day trading ? Hopefully this makes sense
Thanks for the forecast! 📊 Just a small off-topic question: 😅 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I’d be grateful for some help. 🙌
what if I have a gold membership using margin and want to downgrade. can my cash cover the remaining margin used or do you have to totally sell that stock off ?
In the PDT section of the Robinhood, there is "A day trade is when you open and close the same stock or options position on the same day. If you place 4 or more day trades within 5 trading days, and those day trades account for more than 6% of your total trades during the same 5-day period, you may be permanently flagged as a pattern day trader." What does it mean "those day trades account for more than 6% of your total trades during the same 5-day period"? Thank you for your video..
But as long as I buy a different stock and not the same one I sold more than once i won’t get flagged right? Say I bought and sold Tesla 3 times got a warning that if I did another day trade I’ll be flagged but I did an Amazon trade the next day would I still be flagged
I have accounts at a ton of different brokerages, Webull beats Robinhood by a mile in my opinion if you are an active trader. Robinhood caters to the simplicity but they have added some nice features in the last year or so. Always will come down to your needs/preferences at the end of the day
@@Mi-Go I wish that was an easy question but it really depends on what you trade. For most stocks and options Webull is solid, but for scalpers, futures or shorting there are going to be a whole list of others that cater to those needs much better.
SOS...I was trying to see my asset at coinbase and is pop up a message saying " we are having trouble loading your watched assets"....."don't worry, your funds are safe"....is it happen to anyone e? I am trying to relax....but aaaaaaaaa
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It’s crap when you still have some options because it won’t let you change. So how the hell am I supposed to sell my damn options if you don’t let me.
For 3yrs ive could of avoided that pdt just by switching to cash account. Damn i fked up a lot trades not realizing this. About to see some serious gains in the next few weeks.😂
Goodluck, don’t get greedy lol
Literally sameeeee
Ok it’s been 4 weeks, did you gain anything?
@@liudxdx hell naw😂 i used it and didnt like it because you still had to wait for your funds to settle. Not good for someone like me because i go all in and cant wait. Gains?lol was up 700 to 4000 a few times and didnt take profit. Messed up good positions.
@@ronramey3760 😂😂😂😂😂
If you have available margin and switch to a cash account can you still use your available margin or does it decrease or disappear altogether?
You can’t use margin
bro flashbangged me
Lol😂😂😂😂
Not too sure if I was in margin or cash but I got flagged and I stopped getting interest from cash sweep program and it said to change it to cash account to get it again so does that mean I had cash account or a margin account ? But if I had a cash account before how did I get Flagged for pattern day trading ? Hopefully this makes sense
What happens to the current stocks you have when switching to options ?
Nothing
Do you have to wait for trades to settle for collateral to be available again on cash accounts?
Yep
Yea
Can we setup a stop loss & sell order also .. I tried and couldn’t do both ?
Wish I knew sooner man could have made so much more 😂😢
Very helpful. Looking forward to the next video
Thanks for the forecast! 📊 Just a small off-topic question: 😅 I have these words 🤨. (behave today finger ski upon boy assault summer exhaust beauty stereo over). I’d be grateful for some help. 🙌
what if I have a gold membership using margin and want to downgrade. can my cash cover the remaining margin used or do you have to totally sell that stock off ?
I'm also curious about this. Can't seem to find the answer
Im curious too @@PlagueXKill3R
Dope video i mess with your content!
Appreciate it!
I got unsettled funds for selling my stocks
thank you
In the PDT section of the Robinhood, there is "A day trade is when you open and close the same stock or options position on the same day. If you place 4 or more day trades within 5 trading days, and those day trades account for more than 6% of your total trades during the same 5-day period, you may be permanently flagged as a
pattern day trader." What does it mean "those day trades account for more than 6% of your total trades during the same 5-day period"? Thank you for your video..
But as long as I buy a different stock and not the same one I sold more than once i won’t get flagged right? Say I bought and sold Tesla 3 times got a warning that if I did another day trade I’ll be flagged but I did an Amazon trade the next day would I still be flagged
@@Aus710 You’re still trading no matter what stock you choose.
Can I switch between a margin to cash, back to a margin account as much as I want?
Yes, he said it in the video 1:52
I am assuming Webull is so much better than Robinhood, even though you have an account with them?
I have accounts at a ton of different brokerages, Webull beats Robinhood by a mile in my opinion if you are an active trader. Robinhood caters to the simplicity but they have added some nice features in the last year or so. Always will come down to your needs/preferences at the end of the day
@@TCTrading what do you think is the best brokerage over all?
@@Mi-Go I wish that was an easy question but it really depends on what you trade. For most stocks and options Webull is solid, but for scalpers, futures or shorting there are going to be a whole list of others that cater to those needs much better.
@@TCTrading dose webull have restrictions on day trading like Robinhood or can I day trade on webull with a normal account?
@@hunters10176
Its US trading rule, everyone has it
I was marked as day trader eventhough I have more than 25k in my account. What does that mean?
You'll be fine as long as your account stays above 25k at the end of the trading day.
Is cash card same thing as a cash account?
No
SOS...I was trying to see my asset at coinbase and is pop up a message saying " we are having trouble loading your watched assets"....."don't worry, your funds are safe"....is it happen to anyone e? I am trying to relax....but aaaaaaaaa
switching to a cash account was the dumbest thing i couldve done
Then you must be a terrible trader
I accidentally did that
Why? You suck at trading?
Why?
I thought it said u can switch back but it would take 5 days to switch over.....
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