wow! i'm glad i got out of BQI when i did, otherwise my head would have just hit the table. so i called Fidelity, it seems that even though i still have the bare-back...i mean free-ride...violation, now that i have a margin account i can trade freely without waiting for settlements. of course, i need to make sure that my settlements don't out pace my margin limits. plus the household linking is simple and would put me over the $25k mark so that i could be a pattern day trader. (i could link to my mom's account...what a loser!!!) so i'm not jumping into any while trading immediately, but plan on setting things up. might be a big help.
This has been a tough week to make new trades! Just not seeing the right entry points, and nothing I hold is bookable yet...just sitting on hands waiting for things to turn.
3 comments:
wow! i'm glad i got out of BQI when i did, otherwise my head would have just hit the table. so i called Fidelity, it seems that even though i still have the bare-back...i mean free-ride...violation, now that i have a margin account i can trade freely without waiting for settlements. of course, i need to make sure that my settlements don't out pace my margin limits. plus the household linking is simple and would put me over the $25k mark so that i could be a pattern day trader. (i could link to my mom's account...what a loser!!!) so i'm not jumping into any while trading immediately, but plan on setting things up. might be a big help.
Sounds awesome. Thats what mom's are for. As long as you're good to her!!!
This has been a tough week to make new trades! Just not seeing the right entry points, and nothing I hold is bookable yet...just sitting on hands waiting for things to turn.
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