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  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

AMC to the MOON!


keylime
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I’m not familiar with the new rules but I can give you first hand experience as a Day Trader what they are trying to do.  Last year I was Day Trading and making a lot of trades every day.  Everything was fine and I had zero problems with my Margin account.  Then Covid hit and the lockdown turned the Stock Market into a big casino.  Many people started Day Trading on Margin and lost.  I mean they LOST real big and didn’t have the account to cover.  It was a disaster for the exchanges. 
 

  Day Trading is the hardest thing I have ever done.  It’s very fast, very manipulated, and if you don’t know what your doing you can lose thousand in seconds.   Many of the newbies who were gambling, I mean trading couldn’t cover their margin calls.  We’re talking millions and millions of dollars unable to settle.  That’s when they started flagging accounts.  Once you are flagged it is almost impossible to win.   My account got lumped into that mess even though I was an experienced trader with years of success and rarely lost.  The slow execution times and even not executing trades was what got me out of the game. They control the spreads, the timing of execution, what you see on your computer, EVERYTHING.  If you are flagged they basically are trying to run you out of the game. The excuses they give are ridiculous and not true. I truly believe they flagged me because I was kicking their ass. Every Day!!!!  
 

if you are a buy and hold or an occasional trader you probably have nothing to worry about.  If you invest and trade on margin you better not get upside down or make a bunch of trades.  That’s when you will get flagged and that’s when you will understand how rigged the game can be against a retail trader.  
 

The Exchanges have to do this imo to protect their finances.  Multiply  hundreds if not thousands of newbie traders who have little or no experience making 100k trades with no resources to cover their calls when they lose, and you can see what a disaster the Exchanges had.  I heard of multiple people losing millions on margin trades with no way to cover.  Ouch.  
 

Stay away from Day Trading.  

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   MODS, I realize we at now at a 100 pages, but can you please let this thread ride ? We have all been good and this thread has never been an issue and it is nice, in this case, to have all the posts available for reference.

 

    Thank You, not for just me, but all the contributors on this thread.

 

   pp

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39 minutes ago, pokerplayer said:

Cheers, and please pitch in anytime you become aware of AMC Information you feel we should be aware of.


Thank you pp.  I still own my AMC but you guys got this covered real good. I am all in with the Cryptos and got my hands full. I enjoy reading this thread and love the fact that the people posting are so knowledgeable. 

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3 minutes ago, Pitcher said:


Thank you pp.  I still own my AMC but you guys got this covered real good. I am all in with the Cryptos and got my hands full. I enjoy reading this thread and love the fact that the people posting are so knowledgeable. 

Great to hear from you Pitch! 

This week is going to be a strong move to the upside. Get above 54 and the Hedgies are going to have their hands full especially trying to keep GME down at the same time.

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3 hours ago, pokerplayer said:

 

   MODS, I realize we at now at a 100 pages, but can you please let this thread ride ? We have all been good and this thread has never been an issue and it is nice, in this case, to have all the posts available for reference.

 

    Thank You, not for just me, but all the contributors on this thread.

 

   pp

wait, we got a 100 page limit?

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1 hour ago, pokerplayer said:

Awhile back Adam pondered locking thresds 100 pages or longer getting Interested posters to begin knew ones. I forget the logic behind it,

 

  Hope this kind of, sort of, makes sense.

 

   pp

He did that because the news threads were burying the latest headlines and articles, and you had to cut through pages and pages of articles and comments to find the latest, but chats should not be limited to 100 pages.

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