Trading Policies at Firms
What is the trading policy at your firm? are you allowed to buy yolo gme calls? do wall street firms typically allow lax policies so you can invest in whatever you want? I do not want to be tied to one single source of income (the job). Insight is appreciated. Thanks!
if you’re in IB you’ll likely be limited to ETFs, mutual funds, etc. to freely buy/sell. single name stocks subject to individual compliance approval (pain). and there is a 30 day hold period (no day trading) at every bank i’ve heard of.
what about mo, bo, and S&T?
Freely yolo calls on etfs at my bank - can literally day trade etfs. 90 day hold for single name tickers. No selling puts (even if covered), no shorting stonk, no naked calls, no spreads
what do you think about etfs? are they highly profitable?
I hear there is going to be a WSB ETF soon - only YOLO calls. Actively managed by Portnoy.
look out for portnoy's $BUZZ etf debuting tom
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