Okay some of use bamboo for investing and trading in the USA stock market and might have one or two complaints about them. Here is a thread for you to understand certain things about bamboo and how to bypass some of their flaws .
....First of all generally , there are three
Types of brokerage account for trading and investing in the market .
The margin account
Day trading Account
Cash Account .
Bamboo happens to be a cash account and thus this makes it have some regulations and limitations which might be frustrating to some users.
Let's start with the issue of real time market data , the server they use is quite different from what other broker types use and so they don't often reflect real market prices when you want to execute you should use a technical price chart from webull . You can do this with
Another device or laptop.
Then the issue of unsettled cash , and good faith violation is a normal thing for cash accounts . An unsettled cash is the money from selling a stock that has not being approved for you to use it and buy another stock. While you can you use this to
Make a purchase , you can't sell untill after two days unless you have extra buying power then you can use the unsettled funds as you like. This is for you to avoid good faith violations
This advice is for people who make short term movements on Bamboo. Bamboo
Wasn't originally made for day trading or swing trading , however you can do this by bypassing with the leaks I listed above.
As for the commission part, its their own way of getting money , while 1.5% might be much , train yourself in such a way that your target is 50 % and
Above profit. in this way if bamboo collects commission , you won't feel it . Leave day to day price movements on bamboo unless you are high unless you can make as high as 20 percent. Remember that stocks can be sold at any time you want , so you don't necessarily need
To rush to sell unless you have hit reasonable profit which of course is a result of good strategy and entry level.
Bamboo might be the alternative Option for so many people because of their excellent customer service. Please note that there is more to the stock market
Than having bamboo. Endeavor to study and enlighten yourself outside the app. It's just a broker that helps you to buy and sell not a guide or investment advice .
About complaining they don't have enough stocks which is true, they still have a handful of winners
That can make you mad profit .
Merry Christmas people.

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