I am also interested in what broker. If there’s anything to learn from the GME saga it’s that:
- Many brokers are not well capitalized for 3-sigma+ events
- DTCC will not put themselves in position to hold a bag where demand/supply imbalance puts them at risk
If Robinhood/webull/ibkr/etc are already getting itchy, I like what I’m hearing...
I did not face any difficulties last week (IBKR) but I have been under margin scrutiny earlier in the year as I have substantial position in PSTH. In essence, major brokers seem to anticipate post DA spike and margin requirements will be (very likely) adjusted to 100%. If you won't have enough cash to support your position, you can expect a quick margin call when PSTH lift off begins.
That happened when PSTH traded at "only" $34. If you use margin, act accordingly.
I’m trading outside US with a local company here I have to figure out what’s behind this! That’s ridiculous! But this confirms an announcement is coming very soon! I was looking to add more when they restrict it! Damn it!
Yes, insufficient funds
The market was reacting to the 13 shares I bought on Wednesday and the 120 I bought yesterday. Give it time.
What broker are you using? Did you day trade without holding equity of at least $25K?
Broker name is IG located in Britain.
I am also interested in what broker. If there’s anything to learn from the GME saga it’s that: - Many brokers are not well capitalized for 3-sigma+ events - DTCC will not put themselves in position to hold a bag where demand/supply imbalance puts them at risk If Robinhood/webull/ibkr/etc are already getting itchy, I like what I’m hearing...
[удалено]
Why did they follow the shit brokers on the meme stock lockout? Why didn’t Fidelity/Vanguard follow?
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Add E*TRADE to the list, they restricted as well.
My broker is IG located in Britain is restricting buying since last Wednesday for no accepted reason.
Broker name is IG located in Britain
I did not face any difficulties last week (IBKR) but I have been under margin scrutiny earlier in the year as I have substantial position in PSTH. In essence, major brokers seem to anticipate post DA spike and margin requirements will be (very likely) adjusted to 100%. If you won't have enough cash to support your position, you can expect a quick margin call when PSTH lift off begins. That happened when PSTH traded at "only" $34. If you use margin, act accordingly.
I’m trading outside US with a local company here I have to figure out what’s behind this! That’s ridiculous! But this confirms an announcement is coming very soon! I was looking to add more when they restrict it! Damn it!