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re: Stocks on your watch list

Posted on 6/30/20 at 8:40 am to
Posted by Who_Dat_Tiger
Member since Nov 2015
17461 posts
Posted on 6/30/20 at 8:40 am to
I’m pretty upset I just got a pattern day trader warning on Robinhood when I went to go sell. I’ve been killing it trading the swings... What happens if I get marked as a pattern day trader?
Posted by ColoradoTiger1987
Tampa
Member since Jan 2019
1613 posts
Posted on 6/30/20 at 8:51 am to
quote:

I’m pretty upset I just got a pattern day trader warning on Robinhood when I went to go sell


I just got the same thing? I haven’t done any day trades...
Posted by Who_Dat_Tiger
Member since Nov 2015
17461 posts
Posted on 6/30/20 at 8:54 am to
I never did any day trades outside of the ones I’ve done in WKHS the past couple days. I don’t know what having that flag on my account would mean which scared me out of a huge sell. Lost a couple hundred easy right there because I would’ve already been back in lower with more shares.
This post was edited on 6/30/20 at 8:55 am
Posted by castorinho
13623 posts
Member since Nov 2010
82033 posts
Posted on 6/30/20 at 9:12 am to
quote:

What happens if I get marked as a pattern day trader?
either get your balance above 25k or you just won't be able to trade with unsettled funds... you'll just have to wait until your trades settle before being able to use the funds. You're not going to jail or anything
Posted by Who_Dat_Tiger
Member since Nov 2015
17461 posts
Posted on 6/30/20 at 9:17 am to
quote:

either get your balance above 25k or you just won't be able to trade with unsettled funds... you'll just have to wait until your trades settle before being able to use the funds. You're not going to jail or anything


I need to pay more attention to the unsettled funds item then. I see plenty of times after a trade my money sits there for a while but don’t know what makes it “unsettled” vs going directly into buying power after a trade.

ETA: it was good fortune after all. WKHS just blew thru the wall at $19. Now closing in on $20. Original buy in was $8.96 on Friday and I made even more trading it throughout the day all the way up
This post was edited on 6/30/20 at 10:51 am
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 6/30/20 at 11:10 am to
all that was red is green today

FSLY, LVGO, TDOC, ROKU

thank you baby jesus
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 6/30/20 at 11:17 am to
bought back into ROKU at $115
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 6/30/20 at 12:24 pm to
Just bought BLNK
Posted by Choot em Tiger
Member since Jan 2012
9775 posts
Posted on 6/30/20 at 12:43 pm to
Same
Posted by hiltacular
NYC
Member since Jan 2011
19678 posts
Posted on 6/30/20 at 12:46 pm to
If you exceed the trades allowed and get labeled a PTD your account will not be able to trade for 90 days. Or until you exceed $25k market value. You can switch to a cash account and trade as much as you want
Posted by Who_Dat_Tiger
Member since Nov 2015
17461 posts
Posted on 6/30/20 at 1:36 pm to
quote:

If you exceed the trades allowed and get labeled a PTD your account will not be able to trade for 90 days. Or until you exceed $25k market value. You can switch to a cash account and trade as much as you want

Thanks for the feedback. I wonder if maybe that starts on the next trading day then as in tomorrow. Since I got the warning this morning I’ve continued to sell and buy the dips with no problem. Will suck if I run into that tomorrow though where I can’t do it because trading the dips has been a cakewalk on WKHS yesterday and today with all the volume and volatility. I’ve just been executing limit buy/sell orders over and over.
Posted by castorinho
13623 posts
Member since Nov 2010
82033 posts
Posted on 6/30/20 at 1:52 pm to
It's four round day trip trades in five business days.
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 6/30/20 at 1:53 pm to
DKNG now at 50DMA...



i would seriously consider getting out here if you are still in. can always get back in if it reverses
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 6/30/20 at 2:20 pm to
NVTA knocking heads with 30 again...
if it ever breaks through, look out
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 6/30/20 at 2:53 pm to
SPCE
quote:

Virgin Galactic expects to clear remaining Federal Aviation Administration milestones after one or two more rocket-powered test flights. Space tourism venture Virgin Galactic is steadily moving closer to flying customers to the edge of space, with the company expecting to clear remaining Federal Aviation Administration milestones after just one or two more rocket-powered test flights.
Posted by Ballstein32
Member since May 2020
366 posts
Posted on 6/30/20 at 4:02 pm to
I think there's a deal in the works with Workhorse and the USPS. Supposed to be announced sometime around July 14th (delayed due to covid).

I guess its between WKHS and a couple other companies.

Given this is an election year politics could push this deal towards WKHS (being based in Ohio).Just my opinion, tifwiw.

(Edit: apparently someone at Bloomberg might think so as well....
LINK )


This article isn't really the most positive towards WKHS, but it certainly shows the importance of this contract.

LINK
This post was edited on 6/30/20 at 4:26 pm
Posted by HighRoller
Baton Rouge
Member since Nov 2011
4105 posts
Posted on 6/30/20 at 4:22 pm to
Is SE a long term hold? Bought a few shares and up a little.
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 6/30/20 at 6:14 pm to
depends on why you bought it.
it is a stock that has made lots of people lots of money and now trading near its high.

I have a stake in it but I bought at 100 so I’m happy with the return in the short term but nowhere near the profit others have had. I’m likely to take my money and go at some point if I see a better opportunity.

this run in growth stocks is going to end and when it does you should be in stocks you believe in. The four I believe in right now that I own are FSLY, LVGO, ROKU and ETSY. I’ve also got TDOC, SE and NVTA that I’ll quickly dump if things go south because I bought much higher
Posted by LSU Tigershark
10,000 posts
Member since Dec 2007
10544 posts
Posted on 6/30/20 at 6:26 pm to
Sounds like you're a follower of Ophir Gottlieb. He's been all over those stocks. He still has Roku as #1
Posted by cgrand
HAMMOND
Member since Oct 2009
38820 posts
Posted on 6/30/20 at 6:59 pm to
late to the party with ophir but yes, he speaks my language.
and his track record is impressive

what I appreciate most about CML is he gives you the research and reasoning and then doesn’t so what most others do and try to sell you something. I pay 47 bucks a month for access to his research and I’ve made 65,000 dollars in the market since subscribed in early March
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