Kamusha Posted January 29, 2021 Share Posted January 29, 2021 Just now, sblfilms said: Hey! Hey old friend Quote Link to comment Share on other sites More sharing options...
Commodore D Posted January 29, 2021 Share Posted January 29, 2021 47 minutes ago, Spork3245 said: Said to a buddy earlier today when he was comparing it to Occupy Wall Street, marching, protesting, rioting, voting are all just minor momentary inconveniences to them, you have to Debo them pockets for it to start to matter. Quote Link to comment Share on other sites More sharing options...
vaxick Posted January 29, 2021 Share Posted January 29, 2021 5 minutes ago, Commodore D said: Its happening across a lot of the apps. Had my RH that I never use (trying to buy DOGE, not on the platforms I use) ask, caught me off guard. From what I've heard, RH isn't even processing new accounts right now. I went with SoFi since they apparently didn't join in the blocking of these stocks which is a plus for me and they seemed friendly enough to somebody who has no idea what they're doing right now. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted January 29, 2021 Share Posted January 29, 2021 I wish I had the money to play with 😞 .. like, I would invest in AMC just to invest in AMC. Quote Link to comment Share on other sites More sharing options...
Commodore D Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, vaxick said: From what I've heard, RH isn't even processing new accounts right now. I went with SoFi since they apparently didn't join in the blocking of these stocks which is a plus for me and they seemed friendly enough to somebody who has no idea what they're doing right now. Sofi is good, but don't trust me, I shill for them as one of my bestfriends is cousin to a founder (he's stupid rich now though and has cut almost all ties to the family, his mom had to make an appointment to see their first child after eight months). For real though, they are good. 1 Quote Link to comment Share on other sites More sharing options...
Commodore D Posted January 29, 2021 Share Posted January 29, 2021 1 minute ago, Anathema- said: I wish I had the money to play with 😞 .. like, I would invest in AMC just to invest in AMC. If nine other people agree to send you $10, I'm down for $10. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted January 29, 2021 Share Posted January 29, 2021 2 minutes ago, Commodore D said: If nine other people agree to send you $10, I'm down for $10. Oh that's gracious but I need house hunting money lol. I think I'll be okay without but like everyone else the responsibilities would look easier with a little liquidity. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted January 29, 2021 Share Posted January 29, 2021 47 minutes ago, ManUtdRedDevils said: I have E*TRADE and find the settlement slow which makes it hard to sell and reinvest quickly. Merrill Lynch is trash. I really need a better platform for day trading. I've found the same to be true. I use E*TRADE for all my longs, so I typically don't mind the 2-3 days for trade to settle, but the instant settle with Robinhood is nice when I want to quickly change positions. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 29, 2021 Share Posted January 29, 2021 30 minutes ago, Commodore D said: Sofi is good, but don't trust me, I shill for them as one of my bestfriends is cousin to a founder (he's stupid rich now though and has cut almost all ties to the family, his mom had to make an appointment to see their first child after eight months). For real though, they are good. Does SoFi have fast settlement? I own IPOE and holding it in a long position. Quote Link to comment Share on other sites More sharing options...
Chris- Posted January 29, 2021 Share Posted January 29, 2021 I had to go to our production facility today and one of the pressmen was talking about buying dogecoin in earnest lmfao Quote Link to comment Share on other sites More sharing options...
Commodore D Posted January 29, 2021 Share Posted January 29, 2021 Just now, ManUtdRedDevils said: Does SoFi have fast settlement? I own IPOE and holding it in a long position. Unintentional humble brag, I just don't pay attention to settle time as I always have enough liquid funds to do what I want to do. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted January 29, 2021 Share Posted January 29, 2021 3 minutes ago, Chris- said: I had to go to our production facility today and one of the pressmen was talking about buying dogecoin in earnest lmfao In the (virtual) meeting lobby this morning, a colleague of mine keep referring to his big gains in "dog coin." I didn't have the heart to correct him. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 30, 2021 Share Posted January 30, 2021 6 minutes ago, Commodore D said: Unintentional humble brag, I just don't pay attention to settle time as I always have enough liquid funds to do what I want to do. I never leave liquidity in my portfolio. When I am ready to take gains, I usually have another stock or two in mind. I found in the last week or so when I decide to do more quick buying and selling that ML and E*TRADE left a lot to be desired. Quote Link to comment Share on other sites More sharing options...
BloodyHell Posted January 30, 2021 Share Posted January 30, 2021 4 hours ago, Spork3245 said: Does the AM affect this, though? Or does it just need to close today at $9? Closing at 9 today was the trigger. Monday their bleeding starts, so twist the knife on the way out. Quote Link to comment Share on other sites More sharing options...
BloodyHell Posted January 30, 2021 Share Posted January 30, 2021 8 minutes ago, ManUtdRedDevils said: I never leave liquidity in my portfolio. When I am ready to take gains, I usually have another stock or two in mind. I found in the last week or so when I decide to do more quick buying and selling that ML and E*TRADE left a lot to be desired. Nothing wrong with leaving some liquidity for dangerous bets. Thankfully the wife sold off some airline and other stocks and did not reinvest it. Then she saw this happening, started reading, and became gung ho. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted January 30, 2021 Share Posted January 30, 2021 5 minutes ago, BloodyHell said: Closing at 9 today was the trigger. Monday their bleeding starts, so twist the knife on the way out. If it dips back below $12 on Monday, I may buy $500-1000 more in AMC if my deposit clears by then 1 Quote Link to comment Share on other sites More sharing options...
BloodyHell Posted January 30, 2021 Share Posted January 30, 2021 1 hour ago, Zaku3 said: I think I should wait on this sotuation. I think its wiser to save up for situations like this. Need to work on a stock/betting bank roll. Naww, 100$ could make you some good returns. Quote Link to comment Share on other sites More sharing options...
Commodore D Posted January 30, 2021 Share Posted January 30, 2021 10 minutes ago, ManUtdRedDevils said: I never leave liquidity in my portfolio. When I am ready to take gains, I usually have another stock or two in mind. I found in the last week or so when I decide to do more quick buying and selling that ML and E*TRADE left a lot to be desired. So what do you do when opportunities like the Covid Slam happen? All your in account "money" would be going down, and transfers from outside accounts, especially five figure ones aren't immediate. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 30, 2021 Share Posted January 30, 2021 17 minutes ago, Commodore D said: So what do you do when opportunities like the Covid Slam happen? All your in account "money" would be going down, and transfers from outside accounts, especially five figure ones aren't immediate. ML and BofA have instant transfer and I never experienced an issue transferring any amount of money so if an opportunity arises like this Reddit fiasco, I have available cash. If I need more liquidity, I can sell a security and reinvest it same day, but depending on the frequency, the brokerage will not allow the money to be reinvested until settlement. If the settlements were instant, I wouldn’t have an issue which is why I am looking for a service that has instant settlements for my day to day stuff and I will continue using the other services for long plays. Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted January 30, 2021 Share Posted January 30, 2021 Everyday Socialism | Facebook WWW.FACEBOOK.COM Everyday Socialism. 30,212 likes · 97,242 talking about this. Everyday Socialism… socialist storytellers. We are willing to share our everyday struggles with capitalism and work to develop... Quote Link to comment Share on other sites More sharing options...
osxmatt Posted January 30, 2021 Share Posted January 30, 2021 13 minutes ago, ManUtdRedDevils said: ML and BofA have instant transfer and I never experienced an issue transferring any amount of money so if an opportunity arises like this Reddit fiasco, I have available cash. If I need more liquidity, I can sell a security and reinvest it same day, but depending on the frequency, the brokerage will not allow the money to be reinvested until settlement. If the settlements were instant, I wouldn’t have an issue which is why I am looking for a service that has instant settlements for my day to day stuff and I will continue using the other services for long plays. I get the sense Robinhood has spoiled you with instant deposits and instant settlements, like it has me. I've been doing quite a bit of research the past few days, and can't seem to find another platform that offers these, at least not instant settlements. At the same time, I also get the sense it's the reason Robinhood seems to be in so much trouble the past few days. 1 Quote Link to comment Share on other sites More sharing options...
Commodore D Posted January 30, 2021 Share Posted January 30, 2021 16 minutes ago, ManUtdRedDevils said: ML and BofA have instant transfer and I never experienced an issue transferring any amount of money so if an opportunity arises like this Reddit fiasco, I have available cash. If I need more liquidity, I can sell a security and reinvest it same day, but depending on the frequency, the brokerage will not allow the money to be reinvested until settlement. If the settlements were instant, I wouldn’t have an issue which is why I am looking for a service that has instant settlements for my day to day stuff and I will continue using the other services for long plays. Ok, understood, I guess that almost works for you. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted January 30, 2021 Share Posted January 30, 2021 If these events don't drive the final stake through the heart of the thoroughly discredited "efficient markets hypothesis", then nothing bloody well will. Quote Link to comment Share on other sites More sharing options...
Joe Posted January 30, 2021 Share Posted January 30, 2021 DAVID DOBRIK(@daviddobrik) on TikTok: to the moon 🚀 @dillonfrancis VM.TIKTOK.COM to the moon 🚀 @dillonfrancis @sblfilms at one of his indoor theatres right now Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted January 30, 2021 Share Posted January 30, 2021 With Vanguard you can instantly invest any transferred money before its settled as long as you have collateral in your account. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 30, 2021 Share Posted January 30, 2021 34 minutes ago, osxmatt said: I get the sense Robinhood has spoiled you with instant deposits and instant settlements, like it has me. I've been doing quite a bit of research the past few days, and can't seem to find another platform that offers these, at least not instant settlements. At the same time, I also get the sense it's the reason Robinhood seems to be in so much trouble the past few days. I typically don’t need it 99% of the time since I do more long buying than short but this last week, it would have been nice. Then again, they didn’t let you buy the stocks you wanted anyway so I guess it didn’t matter. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 30, 2021 Share Posted January 30, 2021 Hmmm. I can buy and sell on E*TRADE nearly instantly. Money gets added back to my available pool typically within 15 seconds of hitting the order submission button. Or am I misunderstanding your issue @ManUtdRedDevils? Quote Link to comment Share on other sites More sharing options...
Amazatron Posted January 30, 2021 Share Posted January 30, 2021 3 minutes ago, sblfilms said: Hmmm. I can buy and sell on E*TRADE nearly instantly. Money gets added back to my available pool typically within 15 seconds of hitting the order submission button. Or am I misunderstanding your issue @ManUtdRedDevils? I think it’s moving money in and out of the account from external sources. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 30, 2021 Share Posted January 30, 2021 Just now, Amazatron said: I think it’s moving money in and out of the account from external sources. I always wire funds and can get them into my E*TRADE account within about 15 minutes of sending from my primary bank. I know RH is popular for immediate funding on ACH draws from your bank. Quote Link to comment Share on other sites More sharing options...
Brian Posted January 30, 2021 Share Posted January 30, 2021 7 minutes ago, sblfilms said: Hmmm. I can buy and sell on E*TRADE nearly instantly. Money gets added back to my available pool typically within 15 seconds of hitting the order submission button. Or am I misunderstanding your issue @ManUtdRedDevils? What I have noticed is when the transaction frequency is high, the settlement becomes an issue. If I own NFLX, sell it and use the proceeds to buy AMC. No issues there. Then I turnaround later in the day to sell AMC and try to use those proceeds to buy GME, it won’t allow it due to the previous settlement isn’t complete. It is a minor issue that only pops up in these high volatility situations. Since it seems this thread has attracted other investors, I was just reaching out to see if there is a solution that I don’t know about because I am a novice trader. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 30, 2021 Share Posted January 30, 2021 Just now, ManUtdRedDevils said: What I have noticed is when the transaction frequency is high, the settlement becomes an issue. If I own NFLX, sell it and use the proceeds to buy AMC. No issues there. Then I turnaround later in the day to sell AMC and try to use those proceeds to buy GME, it won’t allow it due to the previous settlement isn’t complete. It is a minor issue that only pops up in these high volatility situations. Since it seems this thread has attracted other investors, I was just reaching out to see if there is a solution that I don’t know about because I am a novice trader. That’s weird. Earlier I was bouncing $2000 worth of AMC back and forth for a couple of hours playing 30-40 cent swings and the money always showed back in my available pool within seconds of a sale. Same when I made a couple of $10-$11k moves. Are you set up for margin trading? I’m wondering if that plays a role? Quote Link to comment Share on other sites More sharing options...
Brian Posted January 30, 2021 Share Posted January 30, 2021 5 minutes ago, sblfilms said: That’s weird. Earlier I was bouncing $2000 worth of AMC back and forth for a couple of hours playing 30-40 cent swings and the money always showed back in my available pool within seconds of a sale. Same when I made a couple of $10-$11k moves. Are you set up for margin trading? I’m wondering if that plays a role? Thanks. I’ll look into it. I didn’t set this account up with E*TRADE. The original account was with ING Sharebuilder. It then got sold to Capital One, who then sold it to E*TRADE. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted January 30, 2021 Share Posted January 30, 2021 I believe robinhood accounts are automatically made margin accounts and their trades actually take two days to complete even though it technically counts as selling/buying immediately. Quote Link to comment Share on other sites More sharing options...
Commodore D Posted January 30, 2021 Share Posted January 30, 2021 Ah, didn't think about margin trading being a possible difference, as I don't do it. Quote Link to comment Share on other sites More sharing options...
Chris- Posted January 30, 2021 Share Posted January 30, 2021 My Fidelity account is quite adept at putting my money in index funds and ignoring all your stupid shit. Quote Link to comment Share on other sites More sharing options...
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