LogFAQs > #940145141

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Topic	Stock Topic 4
StartTheMachine 06/03/20 8:14:58 PM #469:	Okay, finally on my work break and...can anyone tell me what all this means? This is why I didn't want to margin trade! Literally all I've read on it was like double your gains, double your losses, but I couldn't resist scooping up more GNUS earlier today. And I actually have no idea why my cash balance is still 4k and I didn't go to that before it started taking out on margin. I think maybe it just hadn't transferred from my bank yet? It looks like it's positions - margin balance + cash = my total account value. But is there anything to worry about with the margin balance? Like is there interest rate on it? Or is there only interest rates on losses for it and not gains? Btw that was 11k of my own money in there so I made 14k in one day. My entire savings from my job this year is 12k.... I make $15.22 an hour. Today has been unreal. --- - Blur - Welcome to your Divinity. <cite>StartTheMachine posted [p:940145141] in Stock Topi... [t:78641278]...</cite> <quote> Okay, finally on my work break and...can anyone tell me what all this means? This is why I didn't want to margin trade! Literally all I've read on it was like double your gains, double your losses, but I couldn't resist scooping up more GNUS earlier today. And I actually have no idea why my cash balance is still 4k and I didn't go to that before it started taking out on margin. I think maybe it just hadn't transferred from my bank yet? It looks like it's positions - margin balance + cash = my total account value. But is there anything to worry about with the margin balance? Like is there interest rate on it? Or is there only interest rates on losses for it and not gains? Btw that was 11k of my own money in there so I made 14k in one day. My entire savings from my job this year is 12k.... I make $15.22 an hour. Today has been unreal. --- - Blur - Welcome to your Divinity.</quote> ... Copied to Clipboard!
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