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For example, I sold a stock today that I bought yesterday and cannot now use my funds for 2 days until they settle. If I had waited to sell until next week on Monday, I would then be able to use the funds immediately. This is with my Webull cash account.
If by unlimited you mean that you are waiting 2 days to use your funds again, then yes. This only applies if someone buys and sells a stock within 2 trading day timeframe. If you sell it 3 day’s apart you could use the funds immediately.
Don’t they warn you about good faith violation with Webull? That’s what i see and then have to wait 48 hours to invest again.
Okay, to clarify—-cash accounts can trade with funds once those funds settle which usually takes up to 2 days so you are waiting constantly. With a margin account is where the pattern daytrader issues apply.
I have a cash account and that is incorrect unless you maintain $25,000.
Not correct—-you can daytrade up to 3 trades in a rolling 5 trading days timeframe without being labeled a pattern daytrader. To have unlimited daytrades you would have to keep a balance of $25,000 and over.
Ouch, that hurt
Might look good again if it drops below .80
I’m betting there may be a second offering in day or two.
They did the offering to save the MM’s/shorts. Just coincidental the company makes out like bandits also. Crooked system at times.
And there we go. Like clockwork
Glad I got stopped out
For sure. Typical pattern last couple months.
No kidding. This company is going to make millions now off of financing.
Betting on an offering before market open tomorrow.
It may drop again. I may pick up some more if it hits 4.30’s.
Looks good for now. I’m in at 4.70 so you’re sitting better than I.
And I wasn’t intending to mean this was low volume for this specific stock, but low volume for what’s been going on with other stocks recently. That’s all.
So you are saying all the CV stocks Th at had offerings after days they ran are special occasions? Then there have been several special circumstances with several stocks lately. IBIO, AYTU, CODX, BIOC, etc etc etc.
AYTU on March 9th before offerings were announced. 150+ million shares traded with last O/s listed at just over 21 million in Feb 2020. Have you seriously not been watching CV related stocks for the last month? It’s happening. And these are big board stocks.
Some stocks have traded their O/S more than 2-3 times over in a day.
Comparative with other stocks related to CV. I am aware this stock normally does not have near this volume. If it were to get the notoriety of other stocks, likely volume would be 5-10x today’s. Just my opinion.
Nice movement today to recover from PM. Low volume with nice move. If tomorrow sees more volume, maybe see $1+ IMO.
CTXR
Only if volume comes in to outpace the shorts. I’m hoping it does though.
I here you. There are several plays it seems right now. GLTU.
I thought you said you didn’t trade April thru September?
NHOD
Only reason for this is that China is no longer reporting accurate info. IMO. But I still hope this takes off soon.
Nice write up
What’s going on tonight?
So on that post we agree. Never said this was going that high. I’d be happy with 100% gain from here. I’ve been burned on these and just hoping to recoup from a couple others before I get off the ride.
So you are acknowledging this is going up again? Flip all you want.
Would be nice.
Guess we give it another 30 minutes again?
Spin it however you want. We both know who was right.
So, honestly, who was right? Don’t worry, I don’t expect an honest answer.
Not so much
Guess we will see who was right in 29 minutes.