Recent comments in /f/wallstreetbets

Jackiemoontothemoon t1_jab7y76 wrote

Reply to comment by Few_Alternative8901 in $AMC YOLO update. Sold my TSLA puts and bought more calls. by mat3og

Incompetent management and impending dilution pretty much scream to get out of this play. AMC always pumps leading up to a big event and this time is no different with the reverse split about to happen. Anyone who still believes in this play is either in deep denial+debt or genuinely can’t think for themselves cause they’re so regarded. AMC is trash.

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VisualMod t1_jab7tuh wrote

Reply to Did anyone else buy zoom puts by ConcertDesigner8918

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Theta_Ome t1_jab7rvb wrote

Reply to comment by Funny_Initial3398 in Webull policy update regarding Pattern Day Trading. by Present_School_8754

Cash account is easy. Tell your broker to set your account to only trade with settled funds.

Split your account in half.

Trading with unsettled funds is a good faith violation, and there's another violation if you then SELL that same opened position before the first buy transaction was settled. But if you set your account to reject orders if you don't have settled funds, you're good in most cases.

You can take as many trades as you have the cash to cover it.
So you can take one trade with your entire amount (half your account), or you could take 10 trades using 10% of your settled balance for that day. Either way, more ability to trade than with PDT restrictions - except no margin.

Margin = pdt restrictions
Cash = no PDT restrictions, but you have to use settled cash

Next year when the market shifts to T+1, you will be able to trade with your entire account each day.

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darkspd96 t1_jab7one wrote

Reply to Baghdad Powell by cbusoh66

You're not going to afford a house op, if the market tanks you'll be unemployed just like the rest of us

1