Message from @.ȼ๏ʍ
Discord ID: 808941709806272512
Also, is it true that you cant resell a share worth less than 25k in the same day or week?
I heard that somewhere
About regulations and the lowest inversion limit
you got the numbers right, but said the words wrong
Gonna learn the lexicon
You need a 25k minimum balance in a margin account in order to continue trading if you are flagged as a pattern day trader
And why is that?
Because it keeps the poor poor
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
Can’t have plebs rising up now can we?
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
Oh so they are giving us protection we dont want at the expense of the money we dont yet have
Amazing
Yes. Welcome to the Nanny State
Dangerous liberty is swaddled in bubble wrap
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)
What happened to the good old paying for products and services in demand
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
Meanwhile the government runs lotteries which are definitionally a mathematical rip off
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
You buy a ticket for $1 and the expected value might be $0.75
There's trading with paper
you can simulate having a brokerage account and they use it against real life stock data
many different apps out there like that if you want to practice, it's not real money though
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
definitely good to practice on that though and see if it's for you.
just pick one and give it a go
Seems that everyone involved in this has to have their buttcheeks stiff
What's that?
Is that the simulation you talked about
paper trading apps, simulated stock trading
yes
Ah interesting
What is better? PC or mobile
Just dumped into comp
🤞
Cross your fingers, arms legs and penis if it's long enough
Hope for the best
But be prepared for the worst
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.
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