@RMcInarnay just became a fully transparent trader today!
If you keep 100% equity on your short then you don't get charged interest. ie. you have $2k in your account and you short $2k of a stock then there is no interest. Also, E*Trade does not charge interest for intraday shorting, at least that's what they just told me.
Is this for real??
This can’t be right.....
They seem to be doing things not kosher. I know they have a lot of leeway with margin accounts but I am getting charged almost 60% interest on my short position, skyrocketed about 5% per day over 30 days, this seems usurious? Also, they keep playing with margin req's; went from 30% to 60%, this morning jumped to 90%??? Then 3 hours later back to 60%. WTH is going on? I smell lawsuit.
Fantastic post. I've read a lot of takes on investing, work and wealth - this is by far the most concise and insightful representation of how that journey should be experienced.
thanks for the process thoughts this helps a lot
well done, breakouts first green days are my patterns as well. love key support, entries to not get shaken out, taking profits along the way, and psychology of short shellers
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