Freetrade need to get rid of the sell limit on AMC AND GME ASAP
Thomas Tusser predicted all this in the 16th century.
For the record, I hold both GME and AMC, but Iām not daft enough to believe the hype surrounding the massive prices targets predicted. If either of these stocks reached $100k, the sell off of other stocks to pay for these would crash the whole stock market. Itās not going to happen. Can these stocks double or treble, yes. Go to $100k, nah, not going to happen.
I think you may wish to take your reddit attitude back to WSB where everyone agrees with everyone else, and where every post requires the addition of a mention of paper, diamond or ape.
Youāll find that here, people will have differing views, and are able to express them without telling others they are not entitled to their views.
What is the sell limit??? Cheers.
25k per trade unlimited
AMC ARMY APE ARMY#AMC100K
Reply from FT today.
I think you are misunderstanding me. The maximum order limit is Ā£25k, if your holding was worth Ā£40k for example you would need to split the order into two which can both be executed instantly. After the funds settle, you can withdraw as much as you like there is no limit.
Does that make sense?
Regards
Troy
Thatās how I read it too.
All this comment tells me is that APES are lazy If I was suddenly in a position like this then I would happily work ādown pitā for 10 hours for each transaction.
There are other brokers you know? It is funny how attracted to a free app people who KNOW a squeeze is coming are. I may be dumb but if I believed this was going to happen then I would be paying top dollar to get the best broker to ensure my winnings
Iām a new APE and Iām learning, if you were in my shoes would you not want to be able to sell all your shares at once if you wanted to, to maximise the return, all Iām asking is Freetrade to change ther sell limit thatās all, I donāt know what your problem is, iv emailed them so Iāll wait on there reply
It takes literally seconds to do a transaction If, and it is not going to happen, but if it did then it would take such a small amount of time/mins to cash in enough money to retire. Is this really such a big ask to make FT change there systems?
This really would be a glorious problem to be having as it would be the last bit of work you may have to do in your life. 1st world problems
Hereās hoping itās the day of work ever
Iāll post there response when I receive it in 2/3 days
100 million worth of shares? I admire your optimism.
He could also drop Rishi Sunak a line and suggest the government buys a few GME shares too.
Itās more likely an AMC Ā£8k āinvestmentā will be worth Ā£16k for a day or two before retreating to a -Ā£3k āinvestmentā.
That can be used to offset a CGT loss, so itās not all bad.
This is what I am attempting to obtain clarity on, still not clear. If itās Ā£25k total, I didnāt know if this was per dayā¦ etc. if itās as you say, one transaction after another straight away then this is not so bad after all.
Couldnāt get a clear answer from FT today.
So thank you Big G you have answered our question.
See you on the Moon.
db.
someone posted a FT message today that you CAN do multiple transactions so good luck and I genuinely mean it
Edit: It was you that posted the message from FT
Thereās no point selling a winning lotto ticket for Ā£100 a share GME paper hands sold cheap on the first day if they had held of 2 days everyone of them would be rich
I would actually love to know more about this. Is this only when making investments through your own ltd company?