ā ļøNEW EDIT: I ADDED THE 3rd TYPE OF VIOLATION(AT THE BOTTOM)
Hey everyone!
IF YOU ARE NEW
STOP DAY TRADING
READ THIS FIRST BEFORE YOU GET RESTRICTED
I know i just covered this less than a month ago but Ive come across so many people selling minutes after buying and i think there's going to be a huge wave of people getting restricted and then blaming Public because of it. If you havent read my post covering this
ā ļøDO NOT SELL MINUTES OR HOURS AFTER YOU JUST BOUGHTā ļø
ā ļøDO NOT SELL A STOCK THEN BUY THE SAME OR DIFFERENT STOCK AND THEN SELL IT THE SAME DAYā ļø
ā ļøDO NOT PATTERN DAY TRADEā ļø
ā ļøIF YOU DAY TRADE DO NOT DO IT MORE THAN 3 TIMES WITHIN 5 BUSINESS DAYSā ļø
ā ļøā ļøā ļøCHECK OUT THIS LINK THAT EXPLAINS EVERYTHING SIMPLE AND STRAIGHT FORWARD BEFORE DOING ANYTHING RESEMBLING DAY TRADINGā ļøā ļøā ļø
šØšØšØ https://public.com/posts/ImivxJBsmKetWCaM3mCzeXLzCySe5CeL šØšØšØ
Not for views or follows but i recommend people should share this post so that all the new people who are just starting dont run into issues
3rd TYPE OF VIOLATION
CASH LIQUIDATION VIOLATION- if you aināt got no money then take your broke š home, G-L-A-M-O, and I digress but itās a good song. What Iām doing is a bit absurd, But Iām not teaching you how to do this to do it but Iām teaching how to do it so you can avoid doing it. So a CASH LIQUIDATION VIOLATION happens and it tends to make you look broke lol, but it happens when you make a deposit of $100 and immediately buy $TheCompany with it, youāre also currently holding $120 of $TheBusiness but that was bought a week ago. Now two scenarios can happen 1. instead of waiting for the funds to clear through your bank account to your Public account, you go and do some broke š© pull the money out of your bank, even itās only $1, what happens is when the transaction happens it gets denied because there isnāt enough funds in your bank account to complete the transfer. OR 2.for some crazy reason you just āREALIZEDā you didnāt have enough money to cover the deposit you made so the next day after buying $The Company you sell the $120 of $TheBusiness to cover the $100. The reason this is bad is because the sale of $120 wonāt settle in time to cover the buy of $100 of $TheCompany. On the 3rd violation your account will be RESTRICTED for 90 days aka Public Jail.
#my1stinvestment #daytradecurious #daytrade #daytrader #newandreadytogetstarted #newatthisgame #newb #firstinvestment #learningasigo #idontknowwhatimdoing #beginner #beginnerinfo #beginnerinvestor #spidersmethod
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