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Would the day traders you know be happy using a brokerage who’s liquidity issue mean it’s had to ban trading certain securities? Even if they don’t want to YOLO
by AmericanChopper 6y ago
Would the day traders you know be happy using a brokerage who’s liquidity issue mean it’s had to ban trading certain securities? Even if they don’t want to YOLO like a maniac, why would you trust a company that’s had so many very public blunders with your money? It’s not like there aren’t more reputable zero-fee brokerages out there.
- stickfigure 6y ago...which all did the same thing, no?
- AmericanChopper 6y agoSchwab/Ameritrade didn’t.
- jmalicki 6y agoAt least special margin requirements have always existed, and usually day traders know to avoid them or how to deal with the special requirements with a broker that allows you a more sophisticated view of the market. e.g. for Interactive Brokers, you look at this list and know you're going to have a pain trading these stocks: https://www1.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2FViewMarginStocks.php%3Fcntry%3Dusa%26amp%3Btag https://www1.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2F..... Because RH abstracts those details away to make the interface easier, the only hammer they could use was to ban trading in those securities.