Recording
Clips/BannedFromTrading
Date unresolved · 2 min
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- rev_5131aeb124ef0f6755780cf4bc67c9daMachine-generated and unreviewed; may be wrong; not a verified quotation.undraw_asractive6 segments
Transcript
You know, I got a warning from Trading 212 today. I can't believe it. I was saying, oh, you can't get banned from trading. You won't fucking believe the email they sent me. They were like, we've noticed you're taking very risky trades. Please stop, or we're gonna have to suspend you from trading for 24 hours. I can't believe
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0:00–0:21 · rev_5131aeb124ef0f6755780cf4bc67c9da_0it.
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0:21–0:21 · rev_5131aeb124ef0f6755780cf4bc67c9da_1Said, as part of our consumer duty obligations, we check your account for activity that may pose financial risk. Based on our review, some of the below tendencies can be considered risky activity. Large number of deposits and/or trades for a short period of time. I think that's when I go, oh, it's going up, it's going down, and I
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0:23–0:41 · rev_5131aeb124ef0f6755780cf4bc67c9da_2make those 50p trades. Total deposits you've made, all accumulated fees and charges, or potential loss in your account becoming a large proportion of your declared income savings. We urge you to reconsider these activities, otherwise If the patterns persist, we will apply a protective measure, a 24-hour trading break that will prevent you from opening new positions. What? It's
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0:41–1:04 · rev_5131aeb124ef0f6755780cf4bc67c9da_3my fucking money. Let me trade how I want to trade. What? That's called scalping. Like, what, you're not allowed to do scalping? I don't understand what the problem is. I can't believe they're like giving me a warning. I was saying, oh, trading, can't get banned from trading. It's my money. Let me do whatever the fuck I want
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1:04–1:21 · rev_5131aeb124ef0f6755780cf4bc67c9da_4to do with it. I don't know, maybe they're like obliged to stop people from having self-destructive behavior. But I'm making money. I got my P&L down to like £400. I mean, I got it down £400 from over £2,200 down to £1,800. Maybe I'm making too much money. I don't know.
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1:21–1:39 · rev_5131aeb124ef0f6755780cf4bc67c9da_5