Message from @.ȼ๏ʍ

Discord ID: 808941709806272512


2021-02-10 06:00:43 UTC  

Also, is it true that you cant resell a share worth less than 25k in the same day or week?
I heard that somewhere

2021-02-10 06:00:59 UTC  

About regulations and the lowest inversion limit

2021-02-10 06:01:04 UTC  

you got the numbers right, but said the words wrong

2021-02-10 06:01:25 UTC  

Gonna learn the lexicon

2021-02-10 06:01:26 UTC  

You need a 25k minimum balance in a margin account in order to continue trading if you are flagged as a pattern day trader

2021-02-10 06:01:37 UTC  

And why is that?

2021-02-10 06:02:00 UTC  

Because it keeps the poor poor

2021-02-10 06:02:21 UTC  

and that's margin equity + cash balance, it's purpose is to "protect you" but really it just makes it so you can't touch your own money until you make even more of it

2021-02-10 06:02:29 UTC  

Can’t have plebs rising up now can we?

2021-02-10 06:02:40 UTC  

they don't want you leveraging yourself into a hole but some people still do it, the government came up with the rules so you know they suck

2021-02-10 06:02:46 UTC  

Oh so they are giving us protection we dont want at the expense of the money we dont yet have

2021-02-10 06:02:48 UTC  

Amazing

2021-02-10 06:03:07 UTC  

Yes. Welcome to the Nanny State

2021-02-10 06:03:32 UTC  

Dangerous liberty is swaddled in bubble wrap

2021-02-10 06:04:11 UTC  

They think that they can give you 50k buying power with 25k worth of cash in there and you won't somehow end up with a negative balance by investing incorrectly (it's still possible)

2021-02-10 06:04:33 UTC  

What happened to the good old paying for products and services in demand

2021-02-10 06:04:51 UTC  

if anything it's worse because if you dip to like 24,999 dollars in the account, it gets locked, can't do any trades to get yourself out of that situation, and if your securities are still going down, then that balance still goes down with it until you put in more money, it's stupid as hell

2021-02-10 06:05:11 UTC  

Meanwhile the government runs lotteries which are definitionally a mathematical rip off

2021-02-10 06:05:29 UTC  

Thinking about this, it is possible to use the fake digital currency from discord bots into simulations of these exchanges

Would make a visualization of the market

2021-02-10 06:05:30 UTC  

You buy a ticket for $1 and the expected value might be $0.75

2021-02-10 06:05:33 UTC  

Well a smart part

2021-02-10 06:05:42 UTC  

There's trading with paper

2021-02-10 06:06:01 UTC  

you can simulate having a brokerage account and they use it against real life stock data

2021-02-10 06:06:14 UTC  

many different apps out there like that if you want to practice, it's not real money though

2021-02-10 06:06:37 UTC  

Well toilet paper has the same worth as the inflated Venezuelan coin so I'll need a lot of it for a good exchange

No worries tho
I have the clinton books to wipe my ass

2021-02-10 06:06:48 UTC  

definitely good to practice on that though and see if it's for you.

2021-02-10 06:07:27 UTC  

just pick one and give it a go

2021-02-10 06:07:33 UTC  

Seems that everyone involved in this has to have their buttcheeks stiff

2021-02-10 06:07:37 UTC  

What's that?

2021-02-10 06:07:54 UTC  

Is that the simulation you talked about

2021-02-10 06:07:55 UTC  

paper trading apps, simulated stock trading

2021-02-10 06:07:58 UTC  

yes

2021-02-10 06:08:12 UTC  

Ah interesting
What is better? PC or mobile

2021-02-10 06:08:23 UTC  

Just dumped into comp

2021-02-10 06:08:29 UTC  

🤞

2021-02-10 06:08:51 UTC  

Cross your fingers, arms legs and penis if it's long enough

2021-02-10 06:08:53 UTC  

Hope for the best

2021-02-10 06:09:05 UTC  

But be prepared for the worst

2021-02-10 06:09:15 UTC  

Use coinbase. Until you get the hang of what you're doing, you can also make free coin from it too. So it basically let's you play around for free. That's what i recommend to everyone at first.
Then I'd switch to bittrex. That's my personal fav for day trades.
Then I have hard wallets for the rest of my stuff that I just hold and don't mess with.

2021-02-10 06:11:03 UTC  

This multinational inter industry investors/share and digital coin based market makes my head hurt a bit

But that's to be expected with all those complex interactions