Notices

Side Hustle

Old 02-25-2021, 09:42 AM
  #681  
Gets Weekends Off
 
Milk Man's Avatar
 
Joined APC: Oct 2008
Posts: 707
Default

Rules of 401k. Can you short sell? Buy and sell ETFs? What are the penalities that are applied to 401k with regards buy and sell?
Milk Man is offline  
Old 02-25-2021, 11:39 AM
  #682  
Gets Weekends Off
 
JamesBond's Avatar
 
Joined APC: May 2015
Position: A350 Both
Posts: 7,292
Default

Originally Posted by Milk Man View Post
Rules of 401k. Can you short sell? Buy and sell ETFs? What are the penalities that are applied to 401k with regards buy and sell?
Lawd have mercy, even if you could, would you seriously short sell with your 401k? Seriously Clark?
JamesBond is offline  
Old 02-25-2021, 03:15 PM
  #683  
Gets Weekends Off
 
Gunfighter's Avatar
 
Joined APC: Apr 2007
Posts: 4,449
Default

Originally Posted by Milk Man View Post
Rules of 401k. Can you short sell? Buy and sell ETFs? What are the penalities that are applied to 401k with regards buy and sell?
Short selling is limited to covered calls and cash secured puts. Short selling equities is verboten. ETFs are fair game. I’m not sure what you are getting at WRT penalties, the only costs are regular trading commissions.
Gunfighter is offline  
Old 02-25-2021, 04:48 PM
  #684  
Gets Weekends Off
 
Milk Man's Avatar
 
Joined APC: Oct 2008
Posts: 707
Default

Originally Posted by Gunfighter View Post
Short selling is limited to covered calls and cash secured puts. Short selling equities is verboten. ETFs are fair game. I’m not sure what you are getting at WRT penalties, the only costs are regular trading commissions.
yeah I didnt mean short sell. I was trying to ask if you purchase a stock/etf and basically do day trades. Didnt know if the stock in 401k had to be held with a minimum duration.
Milk Man is offline  
Old 02-25-2021, 04:55 PM
  #685  
Line Holder
 
Joined APC: Jan 2019
Position: 350B
Posts: 75
Default

Originally Posted by JamesBond View Post
Lawd have mercy, even if you could, would you seriously short sell with your 401k? Seriously Clark?
that’s the only place to do it. Option ETFs, while underperforming the market, have more otherwise taxable transactions.

but I wouldn’t do it until retirement when I needed the cash flow.
DRaab is offline  
Old 02-25-2021, 04:55 PM
  #686  
Gets Weekends Off
 
GogglesPisano's Avatar
 
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,794
Default

Originally Posted by Milk Man View Post
yeah I didnt mean short sell. I was trying to ask if you purchase a stock/etf and basically do day trades. Didnt know if the stock in 401k had to be held with a minimum duration.
You can’t day-trade with our Fidelity Brokerage Link. No matter what time of day you buy a stock, the deal doesn’t close until 4pm. And then add 2 calendar days before you can sell it. So you an week-trade 🥸.

But you can day trade with Robinhood. And it’s free.
GogglesPisano is offline  
Old 02-25-2021, 05:09 PM
  #687  
Gets Weekends Off
 
Milk Man's Avatar
 
Joined APC: Oct 2008
Posts: 707
Default

Originally Posted by GogglesPisano View Post
You can’t day-trade with our Fidelity Brokerage Link. No matter what time of day you buy a stock, the deal doesn’t close until 4pm. And then add 2 calendar days before you can sell it. So you an week-trade 🥸.

But you can day trade with Robinhood. And it’s free.
ahh ok thanks
Milk Man is offline  
Old 02-25-2021, 07:01 PM
  #688  
Gets Weekends Off
 
Joined APC: Jun 2015
Posts: 3,117
Default

Originally Posted by GogglesPisano View Post
But you can day trade with Robinhood. And it’s free.
Well....assuming they have the liquidity to cover your GME trades 😁
FL370esq is offline  
Old 02-25-2021, 07:32 PM
  #689  
Gets Weekends Off
 
Joined APC: Feb 2020
Posts: 719
Default

Originally Posted by GogglesPisano View Post
You can’t day-trade with our Fidelity Brokerage Link. No matter what time of day you buy a stock, the deal doesn’t close until 4pm. And then add 2 calendar days before you can sell it. So you an week-trade 🥸.

But you can day trade with Robinhood. And it’s free.
More accurately, RH doesn't charge you to place trades. But it does sell your order information to other entities like Citadel (payment for order flow), so maybe not entirely "free." And I've heard that sometimes RH won't let you purchase a particular stock -- only sell.

A5S
All 5 Stages is offline  
Old 02-25-2021, 08:11 PM
  #690  
Gets Weekends Off
 
Joined APC: Sep 2019
Posts: 1,538
Default

Originally Posted by All 5 Stages View Post
More accurately, RH doesn't charge you to place trades. But it does sell your order information to other entities like Citadel (payment for order flow), so maybe not entirely "free." And I've heard that sometimes RH won't let you purchase a particular stock -- only sell.

A5S

Yep, nothing is free. You pay them with a less efficient fill. Sometimes no problem. other times big deal. Never use a market order with RH.
Seneca Pilot is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Datsun
ExpressJet
1312
03-08-2018 09:04 AM
Bruno82
Hangar Talk
4
01-11-2018 05:53 PM
just wondering
Hangar Talk
21
11-16-2010 08:53 PM
PearlPilot
Flight Schools and Training
47
04-15-2009 04:44 AM
Noonan
Fractional
2
03-02-2006 08:58 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices