Tradezero Strikes again.

[GotherL]

That's alright GotherL, you lost a battle but not the war.
Just bite the bullet, learn the lesson and move on, there are tons of trading opportunities just waiting for you every single day, in the stock, the futures and the Forex markets.
Best wishes.

Thanks, I've one of the best strategies, knowledge and tools when it comes to daytrading low-float stocks. But overtrading and emotional trading gets me all the time. I am wondering if I am just the kinda person that is not suitable for daytrading which I've tried to prove myself wrong over & over again. Maybe I should just start teaching or selling courses instead. But my english is pretty bad so I doubt I would ever be a good instructor.

 

[Metamega]

Yep, what really sucks was I was up $800 on Friday and $300 in premarket today. After around 4 years of losing money daytrading I finally thought I had this. I traded 2 weeks straight with a profit which never happened before. (I am usually bust within 3 days..) Then when 7 am hit everything went against me and I blew my $1000 initial deposit. So I was pissed cause i thought I should've had around $500 more in my account and Tradezero either was delaying it or made a mistake with the numbers. Turns out I am just ignorant.

Guess I am gonna have to exploit the CERB to give me another $2000 so I can fund my account again. (Already owe them $6000 which I am sure their gonna deduct off my tax money or worse.)

Committing fraud for trading funds. What can possibly go wrong.

 

[Overnight]

...Maybe I should just start teaching or selling courses instead. But my english is pretty bad so I doubt I would ever be a good instructor.

If you cannot make money trading your own monies, make money telling other people how to make money with their own monies, by charging them money for the privilege.

Yep, sounds like most "educators" out there.

 

[GotherL]

Committing fraud for trading funds. What can possibly go wrong.

Anyone in Canada can apply for CERB. You just have to pay them back once they find out your not actually eligible. They're just to lazy to prescan applicants so is it fraud? Maybe, it depends on how you view it. To me it's like a loan.

 

[Tradex]

I am wondering if I am just the kinda person that is not suitable for daytrading which I've tried to prove myself wrong over & over again.

Day-trading is EXTREMELY exhausting, no doubt.

I suggest you try swing trading instead, with higher time frames like the 1h or 4h, it's much much more relaxing!

And you can still use the same exact trading system if you like.

Maybe I should just start teaching or selling courses instead. But my english is pretty bad so I doubt I would be a good instructor.

Yes of course, you can also earn a very good living teaching or selling courses (or trading systems) on the Internet. And believe me, your English is more than adequate, don't worry about it.

 

[JesseJamesFinn1]

So I made a post previously about tradezero charging me $350 on an short overnight fee. Today, a new bizarre fee was taking out of my account!

I shorted ABIO on Thursday at 16.60. I covered the next day at around $14.40 but the funds did not seem to go back to my account the following day. So I ask support and here is what I got.

Tianna
You were holding the position overnight, and each day the stock is mark to market

Which means that whatever price the stock closes at the system will add your profits or deducted your losses
Tianna
You entered at 16 but it closed at 19
Tianna
so I loss $196 like that?
Yes, because that is how mark to market works
Tianna
I have not even heard of a such a thing.
Understood, but that it how the system works
Tianna
Ok I will be consulting an expert on this.
Understood
Tianna
Is there anything else I can assist you with?


So the TZ support just told me I loss $196 even though I shorted ABIO at $16.60 and covered at $14.40 because it closed at $19 (4pm) and something called a mark to market took effect? Has anyone even heard of such a thing? (This sounds more sketchy than options with their decay value crap.)

Either way this is the last time I will ever hold anything overnight on Tradezero. These guys are fk'ing ridiculous with their not-so transparent fees

There are stocks like ZS you could have shorted on Friday at $95 that are easy to locate without fees. You got brass shorting these pumps!

 

[Metamega]

Pretty sure the application gives you a criteria to apply. You agree, lie, they come looking for it later.

Glad my tax money helping your gambling addiction.

 

[GotherL]

If you cannot make money trading your own monies, make money telling other people how to make money with their own monies, by charging them money for the privilege.

Yep, sounds like most "educators" out there.

You mean youtubers like Ricky.

 

[GotherL]

Glad my tax money helping your gambling addiction.

That's a nice way to put it. Am I suppose to feel guilty for it? Cause I don't give 2 shits about u. If it's illegal call the CIA, but if the govt is just too lazy to prescan applicants which doesn't make it illegal then stfu and mind ur own business.

 

[Tradex]

If you cannot make money trading your own monies, make money telling other people how to make money with their own monies, by charging them money for the privilege.

Absolutely, nothing wrong with that.
After all, mutual funds, hedge funds and money managers have been doing it for decades.