This is only the start.
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This is being gamed big time.
400M shares traded as of 2pm EST, only 30M exist.
If someone buys a share, that counts as 1 volume. If they sell it, that counts as 1 (for a total of 2). So some people are day-trading it (buying and selling in the same day, perhaps multiple times).
I was day trading this and doing well and got a notification that day trading could suspend my account. Like wtf.. I’ve never gotten that message before. I’m holding now :)
Brokers have their own rules for day-trading, but if your account is worth more than $25K, you have more flexibility with day-trading.
That being said, if I have an opportunity to invest, financially, in Trump, I'm going to buy & hold as long as possible.
Wise words my friend. I have a feeling it may explode tomorrow morning and settle again through out the day. Not financial advice just opinion!
You need to be setup as a day-trader to day trade. What you did was sell shares with cash that wasn't yet settled, and it could result in you receiving a bath faith violation.
I saw my moment and I took it lol
Good faith violation*
Yup, I suppose I should have been more clear on what I meant by "gamed".
Huge daily amounts exceeding available float several times could also mean one thing - naked short selling..
Massive short selling.
Hopefully Marge comes calling
Taking profit never felt so good.
wait what? Who's selling?