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Wasn't originally made for day trading or swing trading , however you can do this by bypassing with the leaks I listed above.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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Most of beginner Investors want high ROI so they think big names in stocks and crypto can do that with little capital . It's not always like that. .HERE IS A THREAD👇👇👇👇👇👇👇
many people buy BTC because it's the biggest and one of the expensive name in crypto while some people buy a
Amazon shares because of the same reason , and while doing this they don't buy up to one unit of it. When they get the returns , they get disappointed because its not
What they expected at all this because they bought something like 0. 345670 BTC or 0.55532 shares of Amazon . I will explain why you didn't get enough ROI as you expected , you see profit works with volume , the more units you have on a liquid asset, the higher your ROI because
MY THREAD!! PLEASE DO WELL TO ENGAGE AND RETWEET TO SPREAD AWARENESS. . for few days now after a comment on @akinalabi's tweet I have been getting a lot of questions in my DM about The USA stock Market with some wanting to know it works and how to start investing in it with help
Well, The USA Stock market has been around for Ages now and it is one of the world's most popular economic market. Populary known as the New York Stock Exchange are where company stocks , bonds etc are traded via a broker and an investor. A broker is an app that allows you
To buy stocks of a company from the comfort of your phone so you can either trade or invest in a company.
Stocks are ownerships or equities in form of share units . Like crypto , Stocks are liquid assets and it increases in value as time goes on depending on how well the company