Yes. GME, AMC, NOK were all blocked from trading on multiple sites this morning. I managed to snare a chuck of NOK just before they shut it down, but sadly missed the window for GME.
That's okay. I stocked up silver ages ago. That should be coming soon.
What are you depositing money from? If you are depositing from a checking account, yes it may take a few days for them verify the account for the first time.
Every brokerage had to change the status of GME to closing only. I've had margin calls in the past. If I can't cover them, they close my position and I'm still on the hook for the money if I ever want to trade with them again. But imagine the margin call isn't $500, it's 50 BILLION. And no, Citadel cannot cover that margin ASAP. They don't have it. So yes, TD has to stop trading because if they don't, and the account can't cover, who is on the hook for 50 Billion? TD. They have to also cover themselves to stay in business. I'd rather see them stop trading so the hedge can come up with the funds, than see TD go out of business and my small account with it to to some BS platform.
if they or any other platform goes out of business as a result of allowing big hedge funds to manipulate the market via shorts they can’t cover than fuck ‘em
No, TD doesn’t make money as fast as crypto, Especially if you’re new and it depends on what you’re buying. You need to read the info on their website about funding the account. If you have an account, you can sell something and free up cash quickly.
Is it normal for trading apps to not let you deposit immediately? I’m trying to buy and I can’t.
I had that issue with Robinhood but they floated me a grand til mine is available
Didn't they block purchases of the game stop and others?
Yes. GME, AMC, NOK were all blocked from trading on multiple sites this morning. I managed to snare a chuck of NOK just before they shut it down, but sadly missed the window for GME.
That's okay. I stocked up silver ages ago. That should be coming soon.
not blocked from trading
blocked from buying
Which silver stocks? I'm having a hard time deciding.
merrill edge not blocking
If you do not have a margin account, then your money can take up to 3 days (T+3) to show up in your account.
And there is zero chance any firm is going to let you fuck around on margin with GameStop right now.
I use to work a margin desk. These decisions are now about protecting the firm.
What are you depositing money from? If you are depositing from a checking account, yes it may take a few days for them verify the account for the first time.
2-4 days processing. I actually have some savings to invest. Damn I want in!!
Try eBay; many of the heavy hitters are there... A tad of side by side competition as well.
For WHAT?
tdameritrade has prohibited buying GME
Not true, just bought a few shares an 1 hour ago before stock market closed.
this morning it was not even searchable
Every brokerage had to change the status of GME to closing only. I've had margin calls in the past. If I can't cover them, they close my position and I'm still on the hook for the money if I ever want to trade with them again. But imagine the margin call isn't $500, it's 50 BILLION. And no, Citadel cannot cover that margin ASAP. They don't have it. So yes, TD has to stop trading because if they don't, and the account can't cover, who is on the hook for 50 Billion? TD. They have to also cover themselves to stay in business. I'd rather see them stop trading so the hedge can come up with the funds, than see TD go out of business and my small account with it to to some BS platform.
um yeah
but they didn’t shit down trading
they shut down BUYING
and fuck td
if they or any other platform goes out of business as a result of allowing big hedge funds to manipulate the market via shorts they can’t cover than fuck ‘em
Weird I was able to put in a limit order on it without any restrictions. However it never filled and I canceled it.
No, TD doesn’t make money as fast as crypto, Especially if you’re new and it depends on what you’re buying. You need to read the info on their website about funding the account. If you have an account, you can sell something and free up cash quickly.