HELP ME Jow Forums

Aight man. Checked.
It's a real shame too. If the 20k was mine there is a lot of potential for more money.
You don't understand, I've concluded that china within a few years will soon take over as the world's largest #1 economy.
Of course I wouldn't want to sell. It's so much potential it's unbelievable.
I still don't get why people think i'm trolling.
What is there to troll about?
Is this how people "troll" on Jow Forums?

>You don't understand, I've concluded that china within a few years will soon take over as the world's largest #1 economy.

I think he's pointing out that you're talking about a timeline of "a few years" but your account will be liquidated in 24 hours.

Oh, there are a lot of ways to troll. I've done so myself a few times. My favorite is... wait for Bitcoin to crash, then post this image, "proving" that I've locked my price well above what it actually is; then act like I'm smarter than everyone else who is "losing" when I am "winning". It's usually good for at least 20 replies.

Attached: Locked.jpg (3024x4032, 2.98M)

I’m laffin

Ah, but here's the thing- the error is not on my end.
And i'm positive they will notify me first or phone me before liquidating them.
And i doubt they will do it any price.
They can just wait a bit and not have someone with no capital indebted to them.
I'm not feeding for (you)s and i wrote way too much for this to even be bait

You're wrong. They will not contact you by phone, they WILL sell at whatever market price is, and they will only notify you when it's over.

This right here WAS your notification. The 24/48 hour clock started ticking as soon as you clicked that link.

Not to mention, your quote saying "I did so i can see how much i can push my luck in total purchasing power." shows a cognizance of guilt, so it's not like you're entirely innocent either.

If you don't sell tomorrow, you will be liquidated no later than EOD Wednesday. They aren't going to violate federal law just for you.

>they will not violate federal law for you
I mean aren't they already now technically?
I am thinking i can give them a call 2-3 hours before the market day is over,(when i get home from school) just in case this is actually legal and we're in some loophole or idk.
If they say i need to deposit 10k im selling that shit and i'm happy with what i have

You agreed to the terms when you opened a margin account. (remember that button you checked but didn't read?)

You don't get to dictate to them on this.

There in the fine print is probably some small text that gives you a certain length of time in which the money must be deposited into your account but you can still get that margin. I still dont get how i got to buy when i have no money deposited. How am i at fault for thar.

Now this got me thinking, cant i borrow 20k everyday, work some magic and make about 100 dollars, sell then give back my loan with the interest?
So i never have a margin loan for more than a day?

>The only money i deposited is 50 dollars from my chase account yesterday,

Listen, there's no error. Nobody knows what they're talking about. I regularly borrow money from my broker.

First, your loan is collateralized with your checking account. So you probably have about $40,000 in cash moving through your checking account per year. Or have $40,000 in cash assets that Schwab is aware of, and believes it can easily garnish. No mistakes. No big deal.

You borrowed cash. You used this to purchase stock. You are net negative cash, net positive stock. Margin interest is traditionally calculated at the end of the day, and it's an expense posted to your account. You pay 9% APR. It's still a huge ripoff. But it's fine.

You are up $150. If you liquidated all your positions, that's how much cash would be left, minus the trading fees. So closer to $130.

You probably shouldn't be doing this stuff since you don't seem to understand much of it.

Also, buying Chinese stocks is going to utterly ruin you. Buying individual stocks is totally beyond you too. Try buying fee-free ETFs.