Recent comments in /f/wallstreetbets

Daymanic t1_jaerg3e wrote

Well you’re wrong, it’s right in the first sentence. But I’ll give you benefit of the doubt because I wracked my brain over it for the first few months of day trading.

Good faith violation What is it? A good faith violation occurs when you buy a security and sell it before paying for the initial purchase in full with settled funds.

https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations

Consequences: If you incur 3 good faith violations in a 12-month period in a cash account, your brokerage firm will restrict your account. This means you will only be able to buy securities if you have sufficient settled cash in the account prior to placing a trade. This restriction will be effective for 90 calendar days.

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Potential_Project_48 t1_jaeqzhf wrote

>Kinda surprisingly here is the fact that the VIX did not spike when we had that massive EOD sell off. It id recoil a little bit eod and bounced off its daily 20ema and closed under its daily 8ema… but with a sell off of that size I would have expected more bounce there. That could come tomorrow though. One thing I did note that besides Friday the PC ratio is very low this week on Spy.

I believe VIX didn't spike because the EOD sell-off was actually EOM pension rebalancing. Especially due to this months underperformance leading to a EOM sell. Therefore it was actual selling of shares, rather than the put hedge buying lately which has driven VIX up. Calm, systematic rebalancing.

Equities outperformed bonds this month, so EOM rebalancing saw funds dumping stock and buying bonds, pushing yields down and TLT up by end of day, with SPY down. Was one big trade.

Vanna and charm flows return tomorrow, so more VIX crush can be expected going forward, especially with no more news til CPI 2 weeks from now.

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RockmanMike t1_jaeqsrd wrote

You guys allowed a version of you-know-who to crash your healthcare and duped the population to vote for Brexit; don't finish the job by privatizing. Canadians got it right, and so can the Brits.

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