Airline Pilot Central Forums

Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major > Delta
Side Hustle >

Side Hustle

Register
FAQ
Advertising
Calendar
Today's Posts
Search

Notices

Side Hustle

Thread Tools
 
Search this Thread
 
Old 02-25-2021 | 09:42 AM
  #681  
Milk Man's Avatar
Milk Man
Line Holder
 
Joined: Oct 2008
Posts: 765
Likes: 16
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?
Reply
0
Old 02-25-2021 | 11:39 AM
  #682  
JamesBond's Avatar
JamesBond
Gets Weekends Off
 
Joined: May 2015
Posts: 7,292
Likes: 0
From: A350 Both
Default
Originally Posted by Milk Man
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?
Reply
0
Old 02-25-2021 | 03:15 PM
  #683  
Gunfighter's Avatar
Gunfighter
Gets Weekends Off
1M Airline Miles
On Reserve
Gets Weekends Off
50 Countries Visited
 
Joined: Apr 2007
Posts: 5,609
Likes: 623
Default
Originally Posted by Milk Man
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.
Reply
0
Old 02-25-2021 | 04:48 PM
  #684  
Milk Man's Avatar
Milk Man
Line Holder
 
Joined: Oct 2008
Posts: 765
Likes: 16
Default
Originally Posted by Gunfighter
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.
Reply
0
Old 02-25-2021 | 04:55 PM
  #685  
DRaab
On Reserve
 
Joined: Jan 2019
Posts: 85
Likes: 2
From: 350B
Default
Originally Posted by JamesBond
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.
Reply
0
Old 02-25-2021 | 04:55 PM
  #686  
GogglesPisano's Avatar
GogglesPisano
Gets Weekends Off
20M Airline Miles
10 Years
Gets Weekends Off
50 Countries Visited
 
Joined: Sep 2013
Posts: 6,561
Likes: 311
From: Sitting SC at the Five Towns
Default
Originally Posted by Milk Man
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.
Reply
0
Old 02-25-2021 | 05:09 PM
  #687  
Milk Man's Avatar
Milk Man
Line Holder
 
Joined: Oct 2008
Posts: 765
Likes: 16
Default
Originally Posted by GogglesPisano
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
Reply
0
Old 02-25-2021 | 07:01 PM
  #688  
FL370esq
Gets Weekends Off
Veteran: Air Force
Line Holder
200 Countries Visited
 
Joined: Jun 2015
Posts: 3,377
Likes: 73
Default
Originally Posted by GogglesPisano
But you can day trade with Robinhood. And it’s free.
Well....assuming they have the liquidity to cover your GME trades 😁
Reply
0
Old 02-25-2021 | 07:32 PM
  #689  
All 5 Stages
Line Holder
 
Joined: Feb 2020
Posts: 988
Likes: 82
Default
Originally Posted by GogglesPisano
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
Reply
0
Old 02-25-2021 | 08:11 PM
  #690  
Seneca Pilot
Gets Weekends Off
 
Joined: Sep 2019
Posts: 1,538
Likes: 0
Default
Originally Posted by All 5 Stages
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.
Reply
0
Page 69 of 98
« First
19
59
65
66
67
68
69
70
71
72
73
79
Last »
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
L-ASA (ExpressJet CRJ side)
Datsun
ExpressJet
1312
03-08-2018 09:04 AM
Side Job
Bruno82
Hangar Talk
4
01-11-2018 05:53 PM
Shipset, Air side pubs flight bag.
just wondering
Hangar Talk
21
11-16-2010 08:53 PM
side slip/forward slip
PearlPilot
Flight Schools and Training
47
04-15-2009 04:44 AM
Does anybody do contract work on the side?
Noonan
Fractional
2
03-02-2006 08:58 AM
Back to Subforum
Delta
View Next Unread
Taking 14yo son on Intl trip??

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


Your Privacy Choices