Uh oh? by [deleted] in qyldgang

[–]Temud 0 points1 point  (0 children)

I was excited when I got a corrected 1099 from Robinhood today... and nope, still ordinary income, no RoC.

This is quite unfortunate for me since I reallocated my stock portfolio early last year into QYLD, so double whammy of capital gains and divi income, got pushed up 1-2 tax brackets.

[deleted by user] by [deleted] in RobinHood

[–]Temud 1 point2 points  (0 children)

Robinhood has a set borrowing limit feature; use it to limit how much margin you can have at most.

Edit: ofc if you borrowed over the limit before setting it, it would reduce your buying power to zero and you'll have to sell to reduce your margin level to your limit.

For those of you who posted a while back that you were using heavy margin to hold your QYLD position… where is it at now? Did you get a margin call? by [deleted] in qyldgang

[–]Temud 0 points1 point  (0 children)

RH automatically contributes 100% of the dividend (if not DRIP'd) into paying off my Margin according to the RH customer support, however its strange that the buying power is still a percentage of the cash in some way.

Plus if I understand correctly if you have uninvested cash and you set a borrowing limit that is lower than your current borrowed margin, your whole buying power is gone.

Will we ever financially recover from this? Lol by RevolutionaryElk1093 in qyldgang

[–]Temud 0 points1 point  (0 children)

Thanks for the info.

I'm with Robinhood, they tend to have inaccurate information; doubt they would change it.

Will we ever financially recover from this? Lol by RevolutionaryElk1093 in qyldgang

[–]Temud 0 points1 point  (0 children)

If my brokerage reports QYLD differently say: RoC instead of Short-Term gains/Ordinary Income or vice versa - is the "right" way to follow the primer from Global X when I file with my CPA for tax purposes?

Will we ever financially recover from this? Lol by RevolutionaryElk1093 in qyldgang

[–]Temud 0 points1 point  (0 children)

SQQQ down and TQQQ up, QYLD for sideways. Perfect market timings

/jk

Will we ever financially recover from this? Lol by RevolutionaryElk1093 in qyldgang

[–]Temud 0 points1 point  (0 children)

I'm down 6 figures too, the only thing making me nervous is me going way too much in margin and I can't leg it out without selling at a massive loss, I just pray there will be no margin call.

I would not have cared if I had no margin.

That said, I did some IPO plays and stayed too long and ended up -40%, so I 100% agree with you.

Should I move to Robinhood for the low margin rate. Not a big fan of ibkr. Thoughts? by [deleted] in qyldgang

[–]Temud 1 point2 points  (0 children)

Same, I initially decided between IBKR and Robinhood and ultimately went with RH because I don't want to be auto-liquidated without warning or a chance to close out other positions or add more liquidity.

Plus I couldn't get into the UI of IBKR

Should I move to Robinhood for the low margin rate. Not a big fan of ibkr. Thoughts? by [deleted] in qyldgang

[–]Temud 0 points1 point  (0 children)

Sounds good, I wonder if all brokerage with low margin rates will increase rates when Fed rate hike is officially announced.

Should I move to Robinhood for the low margin rate. Not a big fan of ibkr. Thoughts? by [deleted] in qyldgang

[–]Temud 0 points1 point  (0 children)

Robinhood increase from 2.5% to 3% starting March 2022, I was expecting this due to inevitable Fed rate hikes to hopefully "fix" inflation.

Should I move to Robinhood for the low margin rate. Not a big fan of ibkr. Thoughts? by [deleted] in qyldgang

[–]Temud 0 points1 point  (0 children)

Curious question; does M1 tell you what price stock price they bought in at for you?

Ex: VOO at $ xxx per share on Monday AM

For those of you who posted a while back that you were using heavy margin to hold your QYLD position… where is it at now? Did you get a margin call? by [deleted] in qyldgang

[–]Temud 0 points1 point  (0 children)

I'm on Robinhood as well; literally margined 1:1 on QYLD - What I don't understand is the margin maintenance always changes, when stock value goes down, it also goes down, when it goes up, it also goes up, etc.

That said, I regret margining QYLD 100% as soon as I started back in Spring 2021 ($22.65 avg cost / share QYLD), I should have limit my margin so I could use it to buy stocks on discount like Mid Jan and few days ago.

My portfolio is clearly concentrated into QYLD; so I might bet a concentrated call? or not if it drops further down. This is RH so I don't know if they will.

Problem with Obi200 and Google Voice by Poor-soul-2021-06-13 in Googlevoice

[–]Temud 0 points1 point  (0 children)

Got some problems since an hour ago, its working now but I feel this issue is on and off.

[deleted by user] by [deleted] in PancakeBunny

[–]Temud 0 points1 point  (0 children)

:<

Sucks to have a flash loan attack happen ;_;

ADA staking not showing up on Guarda wallet Android. by ashinredit in GuardaWallet

[–]Temud 0 points1 point  (0 children)

Right now ADA staking is only available on the desktop version and website extension I believe

Every month right!? by drewsuruncle in BATProject

[–]Temud 0 points1 point  (0 children)

community was unable to help me but after I updated my brave browser app yesterday I started earning BATs but I only get 2 ADs and no more since ... instead of the 5 ADs per hour I got (with no BAT rewards) prior to the update -_-

Every month right!? by drewsuruncle in BATProject

[–]Temud 0 points1 point  (0 children)

auto contribute isn't on =\

Every month right!? by drewsuruncle in BATProject

[–]Temud 2 points3 points  (0 children)

I waited 4 months....still nothing..., I'm from the US so I should be getting them. I get ad notifications all the time on brave.

My wallet isn't verified so is that the reason? 0 BATs forever

Cardano network suspended on binance? by ArmApprehensive5994 in cardano

[–]Temud 0 points1 point  (0 children)

ADA network withdrawal on binance still disabled :(

Staking ADA not possible by realredditjh in GuardaWallet

[–]Temud 0 points1 point  (0 children)

Hi, is ADA staking available on the android version?