Originally Posted by Philosuffer
You will be okay my friend, things are not as bad as they seem.
You probably bought about 45 shares of UVXY, even if you lose a $1 per share that would be $45 while the trading costs it self can be $20. Those are not significant in the big picture.
One should be happy always to pay a small price to learn a big lesson. That said, you may break even or even exit in green. So, relax and keep your calmness.
I think you can sell it on Thursday.
Yes, everyone here is nice but you will see some nasty comments once you become part of the family
We just have a tradition of treating guests very nicely!
Ok...last educational question...I swear.
I looked over what you told me and it says my account could be place on a 90 day restriction if I sell today...but then it also says this:
Restrictions on an account may be avoided if the security that was purchased is fully-paid for within five business days after the trade date by:
- Depositing enough additional cash into your account to fully fund the purchase;
- Combining accounts to increase the amount of cash available to pay for the purchase.
I made a deposit today to cover more than enough for the funds and it will show up in the account on Thursday...that's within 5 days.
So I shouldn't penalized, should I?