/biz/ - Business & Finance

[Anonymous No.52620193]

am I missing something here? Why would any entry level low-cap investor avoid opening an account that requires a $25k minimum account balance when apps like this exist? Their desktop app seems to be every bit as good as any day trading software and they don't have any fees aside from charging interest on market accounts. I don't know shit or dick about investing but I'd like to get into day trading this year, is there any reason I cant just use the webull desktop app?

[Anonymous No.52620198]

>>52620193
woops meant to post with this pic

[Anonymous No.52620742]

>>52620193
25k is the legal minimum you need in your account to day trade

[Anonymous No.52620794]

>using a shitty fucking broker that cancels and reverses trades for their masters

Shit like gains.trade exists and you want to use some centralized garbage. You're better off just throwing your money away.

[Anonymous No.52620816]

>>52620742
they have no trade limit or minimum account balance though, what gives?

>>52620794
>cancels and reverses trades for their masters
can you elaborate on this? this is why I posted about it here. Shit is too good to be true

[Anonymous No.52620827]

>>52620816
they were part of the short squeeze scandal with Robinhood where they told all small traders to go fuck themselves and openly cancelled and reversed orders or forced people to sell immediately

[Anonymous No.52620835]

If you trade with any centralized platform you deserve to have bad things happen to you at this point.

[Anonymous No.52620843]

>>52620816
You get three day trades every five day period I think, then they stop you