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Fun time novelty LLC

05/27/2020 23:34

$Genius Brands if I have $5000 in my account, and I switch to a margin account. how much do I get to play ? also do you need good credit to qualify for it.
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All Comments(4)

bre***com05/28/2020 03:13
it depends on the volatility of the stock. btw this whole conversation is scary. if you don't understand it you def shouldn't be using it

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ji2***edu05/28/2020 00:20
just stick with cash until you have $25,000 in your account.

the advantage after 25k with margin account is you get unlimited day trades with out having to wait for cash to settle. Under 25k you only get 3 day trades.

ji2***edu05/28/2020 01:13

just be careful. you could end up losing more than is in your account on that. and they could force sell your shares.

Fun time novelty LLC05/28/2020 00:22

im only invested in gnus. trying to get a margin account to obtain more.

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WorstTraderEver05/27/2020 23:49
I believe you cant use margin on penny stocks

Fun time novelty LLC05/28/2020 00:08

so I can use a margin account to buy more gnus shares your telling me? shovel

Snovel05/27/2020 23:57

Yea you can

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320****50805/27/2020 23:36
i just did that. you get like dbl your money day time trades and like equal amount over night trades. but takes 5 business days to switch

Snovel05/27/2020 23:58

All your funds have to settle though. and im pretty sure you cam only trade 3 times a week. or five but im pretty sure its three

Snovel05/27/2020 23:57

Yes

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