Sounds like you did some really active trading. Considering that we approve ”degenerates” in this thread I don’t think anyone would disapprove anything - especially if a lesson was learned. IB worked reliably for me but I really dislike their trading restrictions and the founder’s terrible interview.
So would I with those kind of gains. As I’ve already said somewhere else, I’d rather pay 10% of 100k than 0% of 10k. The status isn’t forever and least then you know what to expect and can plan accordingly. It also opens the door to deducting losses.
Quite the contrary. Bought 2 shares on Thursday. Accounts fully funded, no margin.
It’s just that the only bank that would let me do it that day happened to be the most expensive (EU high street bank). When other popular brokers had imposed restrictions (such as outright prohibiting buy transactions).
… same here! My most important take-away is regarding IBKR as well! Yet I’m not sure how I’m going to proceed with them (20% of my NW). I am not fully convinced that their risk management is in good order - otherwise there would have been no need to take such drastic measures!
And for the fun stuff: I keep my 10 shares - even if they are going to zero, I face a loss of the (IBKR) fees the most - I gambled my AMC and NOK gains (that would not have been there in the first place). The last few days I was very well entertained and it was well worth the risk and the little (not yet realized) loss/gains!
Could you provide details on that?
I only know Kreisschreiben Nr. 36 and it states when you aren’t a professional trader, but it also states even if you don’t fulfill every criteria they can still classify you as professional.
So for example here somebody had GME stocks for less than 6 month and made 130k profit. Professional or not?
I agree if I fulfill every criteria I can be sure I won’t be classified as a professional trader, but if I don’t fulfill every criteria I’m not able to tell.
Sorry but that’s not clearly laid out for me.
“Frequency of transactions” sounds subjective to me. Why not more than x transactions per year?
I’m not going to argue here and I admit I don’t know a lot about this classification. Please just tell me I’m wrong and its crystal clear that nobody of us poor mustachians is a professional trader.
It is a bit sad to see the standstill at wsb, somehow the sub is not being able to move to the next play?
I wonder if it will eventually return to its former state and become a diversely voiced platform for different trades again.
You are right, maybe one could resort to the somewhat neighbouring r/thetagang and the likes. But then again it won’t be a fully fledged replacement. Any other sub recommendations, while we are at it? (everything that is not r/investing )
It saddens me to imagine how many ppl lost their money (or loans even) buying into a peaking GME. Money, which they actually would need now or cant easily make up again.
It was all fun and play as long as it was degenerates and everyone knew that it was all a casino. This took a turn to the worse.
Agree, from the outside it was clear that it was transitioning quickly from an entertaining short squeeze to a pump and dump…I had to dissuade a couple of colleagues with no financial experience whatsoever from buying it when it was at 300…
It turns out that the bad guys were not necessarily the short sellers…
It’s all fun and games and sticking it to the man while you are making money.
The moment you start to lose 20, 40, 60% of what you invested it’s no longer fun.
I saw this delusion happen in the dogecoin sub reddit when the price feel from 8 cents to 2-3 cents.
Everyone was saying that this isn’t over and blablabla.
In the end, I think this has a negative effect in the market. First time investors that got on DeGiro/Trading212/Robinhood for the first time and bought AMC/GameStop will probably be away from the markets for a long time. Or they will continue to chase pump and dump schemes until they lose all their money.
By reading and partipating to this forum, you confirm you have read and agree with the disclaimer presented on http://www.mustachianpost.com/
En lisant et participant à ce forum, tu confirmes avoir lu et être d'accord avec l'avis de dégagement de responsabilité présenté sur http://www.mustachianpost.com/fr/
Durch das Lesen und die Teilnahme an diesem Forum bestätigst du, dass du den auf http://www.mustachianpost.com/de/ dargestellten Haftungsausschluss gelesen hast und damit einverstanden bist.
Bought 2 shares on Thursday. Accounts fully funded, no margin.
)
