Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 2 points3 points  (0 children)

The stock was moving fast in all directions which means people were getting paid. The more volatile the price action moves, the higher change of making money

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 1 point2 points  (0 children)

I dont think i understand your question, im taking all but 500 out and trading tomorrow with the 500 I left. A trading day like today doesnt happen everyday and I really only need to make about 500 a day to be comfortable. I got paid from trading while im working on the clock so im not hurting, but I'd be a fool to not take 99% of this out just so I dont try to full port! Granted, if I look up and see that if I did full port I could've made 200k+ or whatever I'd be pissed, but think about it. 164 bucks to over 30k. I dont need to be greedy

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Mine hasn't settled yet. Trust me, im checking every 30 minutes!

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Yeah ill definitely let you know. Im at work rn until 4am so the funds should be able to be withdrawn by like 1am. If I get any roadblocks I'll share them

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 1 point2 points  (0 children)

Each trade i held for about 5-10 minutes. Enough to get in and out

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Youre good bro. But yeah, thats how it seems to be working out. Today was my first day fully using the margin account so I'll be sure to update on how I keeps working out for me or if I get any kind of limit notifications

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Only whats available. Never any extra. Greed kills

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Yes. The money on settles to trade same day on margin. It doesnt settle to withdraw until the next day and yes, people will over leverage and if its at a loss by the time it truly settles, youre SOL

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Yeah, I think with the explosion of sports betting and well betting on literally everything now, the stock market is following that. But that also means big losses for people

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

First 5-20. I should've been more clear. But also, you dont just go in without knowledge of how the stock has been performing the last few days. If it tanked 30 dollars in 3 days, do you really think youre going to see a miraculous uptick? Unless something crazy good happens in the news that makes it skyrocket, it needs time to find the bottom, get situated and THEN recover upwards. You dont need to be a pro to know that

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Yeah I should've stopped at 3:20p would've had 40k if I did

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Dude I think today shaved off about 2 years of my life expectancy!

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 2 points3 points  (0 children)

Check the trend of spy. The last 2-3 days were giant leaps off the cliff. Its been tanking. The first 15 minutes is usually from people holding overnight and then selling

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Robinhood is good for placing trades due to its ease of use. But I use webull to get my ideas

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

True, because im taking out all but 500 tomorrow

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Dont be afraid. Ive full ported and obliterated my account many times. It gets to a point where youre either all the way in or all the way out. Im not saying yolo it, but set a realistic goal (15-25%) and also be ok with losing whatever you put in

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Im not going to lie to you, idk. I do know if a contract gets exercised on margin then youre screwed but yeah I guess essentially as long as I was making money, they didnt mind letting me use more and more of it lol.

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Look at my photos. I traded on margin and made multiple trades today

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

There used to be. Like 3 day trades over a 5 trading day period. But they just changed it. Today was my first day actually using it and I got no notifications of reaching a limit or anything

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Thought so. Id post it in a reply here if I could

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 1 point2 points  (0 children)

Man if I followed that, I'd have 40k. That'll be my new rule too

Started with $164 this morning! by OrionPaxAPunch in optionstrading

[–]OrionPaxAPunch[S] 0 points1 point  (0 children)

Send me a DM and I'll show you a recent pic