❗️Subscribe To My KZfaq Channel! Let me know if you got hit with trading violations as well! Feel free to leave any feedback or questions in the comments!

this cleared everything up for me benny thanks I was always a bit confused seeing people using margin on their fidelity accounts, never exactly knew what that meant.

Omg!!! I wish I could smash the like button a million times!! Thank you so much!!! I was sooo looking forward to this video!!! I am so grateful for you starting this community and sharing your journey! I’d love to see a video about day trading! PS - team fidelity for life!

I legit learned some additional benefits of margin. I have a margin account on robinhood but I don't really do it. Then again, I also don't day trade. However, I enjoy learning your tactics and I also enjoy watching you get rich! Keep it up! Great video!! :)

Shout out to the Clorox wipes product placement and Sponsorship!!!! Lol! More serious! Sorry about the good faith violation.

Sometimes learning the hard way is the best bro! Experience is the best teacher. Great to see the channel growth man! Love it

I been trying to figure margin accounts out. Thanks for explaining it in a easy to understand way, bro!

This answered my questions perfectly! Thank you! Margin it is.

Thanks for explaining this topic, you are one of the best KZfaqrs making great content teaching and explaining! 👍🏼

Awesome video man! Great explanation on why you use a margin account

Always takes getting hit with the free ride and actually selling the stock before you understand what it actually is. I did this once in my life and learned my lesson. lol. Thanks for sharing Benny.

WOW! This video so SPOT ON! ... I had the same thing happen Money and our stories are identical ... yes, learn what 'settle trades' mean and you'll understand this video 100 ... now, in case that don't know ... MARGIN does come with interest payments so do understand that and if you don't, CALL THEM, never assume. Keep it ROLLIN Money!

I always thought that using margin was BAD!! So thank you for educating me on this topic

Dang new to trading and just came across your video. Totally unlike the other few investing vids I've seen so far but I like your style and you had exactly the info I'm looking for! Thanks man

Better be safe than sorry, it's always a learning experience with every video you post. Keep it up and let's grow together.🤑

Great explanation about margin and cash accounts and how to trade them.

This video was perfect, love the direction you're going with the channel bro! The content is getting doper by the vid 💯🏁

Hi Benny, just happen to come across your channel. Thanks for the breakdown. the cash margin is so important to keep as your last line of defense

We have similar strategies, I love dividends and trading on the side t build up extra cash 👌🏻

Same thing happened red to me. Just one violation though and it was a ⚠️. Opened a margin account with Fidelity as well. That’s for the explanations and saving me time calling Fidelity and being on hold forever.

can you cover the 3 options for your core position account in fidelity spaxx/fcash/fzfxx

Love your explanation - really clear and easy to follow.

I love the setup man! Subbed!

clear and to the point! I try not to encourage it but I DO dip in my margin/buying power when selling options just to increase my returns. I make sure I'm never assigned on my 'margin secured puts' :p

Could you please make a video on how interest will be charged when using Margin account (considering different scenerio: day trading, overnight trading etc)

Interesting. Thanks for sharing! Also I borrowed a bit this week to invest on margin 😂 I'm 110% into assets right now😂

Thank you for details on a margin account.

This is a huge problem with a non-margin account. You went on to explain exactly what I expected you would. This is a daunting problem, especially for former robinhood users that are now moving over to Fidelity. Without margin on your account, a Fidelity account is very limited in use. Also, it's still a big deal even if you never actually plan on taking out a margin line of credit because you still benefit from everything you stated in the video about avoiding violations.

I almost got hit with a trading violation but they just gave me a warning and said: A trading violation has occurred due to trading activity in your account ending in **** in which securities were sold before payment was received. Further violations will restrict future purchases to using settled cash only for 90 calendar days. I just applied for margin. I need to be able to trade as often as possible. I hope I'm doing the right thing. I think so. Thanks for the video!!!

Curious why you didn't seem to like M1? I use both M1 and Fidelity and I love M1.

Thanks for the info My Guy

When we sell a covered calls and collect premium what do we do with the contract. Do we let it expire and not touch it

Thanks for the video! So, basically, If I only use my real cash for trades while having margin activated on my account, then my cash will be always settled immediately and I can keep buying selling things non stop?

Thank you for the info... I'm new to investing. Just subbed 👍🏼✌🏽

you explain very well! so clear! thanks

so basically only use margin if it's "cash secured" otherwise you are playing with fire

Good content bro Thanks 👍🏾

What do you think about EV stocks like Lordstown and Chargepoint?

There's a spelling mistake in your description on this video. Second sentence, "...there's a lot more to margin than burrowing." Do you mean, "borrowing?" Just came here to say this. Good luck and keep trading. Cheers

Thanks!

So how do I know how much cash I have to buy with? It just said "margin power" and " non margin power" Great info bud thank you! I was confused myself

What the rite for fir Fidlity? Did they take percentage from my profit, what if i was equal, the still take money from me because in used their money?

Thanks man!

Thank you!!!

Only thing I'm confused about is what exactly is "margin credit"? I'm thinking its like money that should be mine but that is not in my cash balance, but I'm not really sure.

Good stuff. Thank you for the info.

Thanks benny. I understand now cheers

Earned a new subscriber

Hey man i have a question, when looking at my fidelity balances, WHAT area am i looking at to know exactly how much i can spend before i start going into margin debt? like you stated you dont want to use margin, you just want to be able to use settled funds from recent sales. Im confused on the whole'margin buying power' and non margin buying power

Great info my man Benny Blanco... from the Bronx! lol

i got a 90 day violation and can only trade settled funds. i immediately applied for for margin and was instantly approved. however the 90 day violation still stands. is there a way around this ? was thinking about opening a new account and transferring the funds. what do you think ? this is for fidelity.

Great video. Quick question: When you're making trades using option strategies such as the wheel, are you using margin? Thanks.

If i have 30k to day trade and i open a margin account, can I use the full 30k I have in cash, or just 5k? If I have margin, do I HAVE to use it? What broker do you prefer for day trading?

I like margin because it allows my money to be available immediately when I press deposit. Other than that, I don't really use it all that much

Great vid beny

If we’re using margin the same way you are, when do we have to worry about margin interest? In other words how do i avoid ever begging margin interest and what would have to happen for me to owe it?

Hi I found your video when I looked up Margin accounts today. I have over $300,000 at Fideity right now and I want to look at trying margin to buy more stocks while they are cheap right now. And I want to take out about $50,000 cash for personal expenses as I'm cash poor right now. What ideas do you have? I'm new to this but I don't think I'm doing the right thing by being chicken about margin. Ideas?

great explanation!

I know this is separate from the video was talking about but I’m looking for someone who knows what I’m talking about. I’m trying to sell but I get an error code 013013 which is telling me that the shares I am trying to sell are not paid for yet. I’m wondering why they aren’t paid for and how do I pay for them. When I bought the shares I was told that I was trading money that was not currently settled. However, as soon as it settles I will be good. The money has now been settled into my account but it still won’t let me sell. I checked my positions and it shows the settled money in SPAXX. So I want to know how I can use that money to pay for my other shares.

Do all your stocks show up as margin when buying this way? Or do they eventually switch to cash? I switched to Fidelity because I didn't like the idea of Robinhood being margin. Am I basically going back to the way Robinhoods accounts are set up?

So when putting the order I need to select the option that says buy with margin instead of cash correct. As long as I don't exceed my own cash I'm good?

What is the margin interest rate? Fidelity always has all my orders going in as margin. I have to manually change it to Cash

So out of curiosity does this rule also apply when I transfer money from my bank account to Fidelity using a margin account will the cash settle faster? Thanks for this video so helpful!

I opened a margin account. The default is margin every time. I have been having to click cash instead of margin for each purchase or sell. Since I'm new to margin, are you saying I can just leave it on margin type? But as long as I don't over my cash available to trade. I won't be actually using margin, as in having to pay for margin %interest. Only if I go over my cash account then I will be purchasing with margin? I'm trying to use it for the exact same reason you are only.

Is there any reason to keep any positions in the cash account after you set up margin or just put everything in margin?

Is swing trading risky? Like buying a stock and then selling it in a week if it goes up like 10-20%.

Haha I just got banned too... :L This is a perfect video for me! Haha. How do i check how much buying power i have (cash amount) without using the margin borrowing? I see they have 40k total account value but it says 6412 available to trade without margin impact. So what's the buying power without borrowing money? Thanks!

you forgot to mention that you need $25k in cash reserve to avoid PDT rule violation. cash accounts have no PDT rules. if your cash reserves fall below $25k and you are a frequent day trader, i would avoid margins. margins have their advantages tho... to avoid cash sale violations, i don't repurchase the same stock daily. not that hard to do.

M1 is garbage 🗑 I like the pie system but that’s about it.

So move over to a Margin account!? Copy!

Thanks for explaining this so simply. I’ve been trading recently and extremely annoyed that the shares I’ve sold haven’t “settled”, definitely gonna swap to margin and just simply never go above my cash value in trading

👍🏾👍🏾

Thanks Brotha

Can you do a day trading video please!🙏🔥🔥🔥❤

If I have 10k in cash and 20k buying power would that avoid PDT or no?

2:13 THIS was the answer I couldn't find literally anywhere else. Seriously, Fidelity. I love you but.... sometimes you are very confusing lol

Doesn't save you from wash sales tho Nd that's what kills me

Where at you from ?

Yooo think money!! I just started to doing stock videos and was wondering if you could check them out and let me know any tips you might have?

wait a minute?? I can get free money to gamble with at the Wall Street casino??? LET'S GOOOOO.

How's that account looking now? lol Mines down 30% with the Tech Sell Off

Not a single one of these issues has ever happened to me on Robinhood. It could be because I also have a margin account. I have heard so many bad stories specially about Robinhood but I have yet in an entire year, been locked out of not selling or had any violations or anything for that matter. And trust me sometimes I buy an sell the same stock for $10k, $15k or more multiple times in one day

Someone please help! How do I TURN OFF MARGIN ON FIDELITY! Literally been searching through the app all day and can’t see any i Option to turn it off.

Plz answer

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Good faith violations. lol. Margin is a word that is not in my vocabulary. LOL

take the microphone out of the camera view lol jesus people

dudes 'accent' intolerable

Great vid benny