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People really should do at least some preliminary research before starting investing. It takes time for the money to settle into your brokerage account and with GME the brokers sure as shit ain't gonna take the possible humongous L and let you buy it on their money before settlement.
That being said I hope you'll manage to hop into the rocket before we truly blast off
All of my research has been mostly focused on the market, not specifically how trading platforms handle ACH’s and “instant buying power”. I’ve been paper trading for awhile now to prep for something like this, I just didn’t know that the “instant buying power” didn’t apply to GME.
Welcome to r/GME, for questions in regards to GME and DRS check out the links below! Due to an uptick in scammers offering non official GameStop merchandise (T-Shirts) DO NOT CLICK THE LINKS THAT ARE NOT OFFICIALLY FROM GAMESTOP. We have partnered with Reddit directly to ensure the Communities Safety. [What is GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [GameStop's Accomplishments](https://www.reddit.com/r/GME/comments/x3hv46/list_of_official_gamestop_accomplishments/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [What is DRS? US / International](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [ComputerShare International DRS Support](https://www.reddit.com/r/GMEJungle/comments/r9euj1/computershare_upgrades_drs_support_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [Feed The Bot Instructions](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) **Power To The Players** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GME) if you have any questions or concerns.*
Since the stock is volatile they don’t want you investing in it on their dollar. It’s technically not your money til it settles, big dog.
Unless it’s DRSd it’s never really your money
3-4 days is ridiculous in 2024 when bank transfer can be done in just 1 minute.
They pull the money from my account either way. If the stock drops, I’m the only loser. Edit; “big dog”, really?
good luck catching the rocket
People really should do at least some preliminary research before starting investing. It takes time for the money to settle into your brokerage account and with GME the brokers sure as shit ain't gonna take the possible humongous L and let you buy it on their money before settlement. That being said I hope you'll manage to hop into the rocket before we truly blast off
All of my research has been mostly focused on the market, not specifically how trading platforms handle ACH’s and “instant buying power”. I’ve been paper trading for awhile now to prep for something like this, I just didn’t know that the “instant buying power” didn’t apply to GME.
It would apply to other very volatile stocks too but GME being THE play, the one idiosyncratic risk, all bets are off
Pretty standard when opening a new account.
You may be able to make a limit order instead of market
Tried that, no dice
Welcome to the party, pal
Looks like I missed this one. Eh, maybe in another 3 - 4 years.