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FAQ
May 23, 2021 22:58:58 GMT
Post by Phyregold on May 23, 2021 22:58:58 GMT
I am going to update this as it goes with any FAQs or statements.
CHALLANGE $300 - weekly deposit. I will be depositing 300$ cash every Tuesday so the funds will clear in 3 days for the following Monday.
6 Unit multi-family property 1 year.
FAQ
Why continous deposits Well two reasons. One, you need capital to play. Second, you're not going to win every trade.
Deposits TD policy with a cash account is you can only use "cleared" funds to buy options/otc. Since I am depositing 300$ a week into this account I do not want to pay 10% (30 dollar wiring fee) to have funds immediately available. What this means is I will be making a deposit of 300$ on a Tuesday and in 3 days (which means the following Monday) those funds will be cleared.
Are there any PUTS/Short Everything goes
Daily plays There will be daily plays but as this account is just starting out there may be a play a week - stupid me forgot that it takes 3 days to find via ACH. So I will be posting watch lists nightly (try to) and if I take a play I will post it when I do. What I'm trying to say is every week of 300$ will give me a "play" so basically after some wins and a few weeks it will become more active.
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