What steps can I take to avoid a good faith violation when trading cryptocurrencies on optionshouse?

3 answers

• Feb 18, 2022 · 3 years ago
  To avoid a good faith violation when trading cryptocurrencies on optionshouse, there are a few steps you can take. First, make sure you have enough settled funds in your account to cover any trades you make. This will prevent you from using unsettled funds and potentially triggering a violation. Second, be mindful of the settlement period for cryptocurrency trades, as it can take a few days for funds to fully settle. Avoid using unsettled funds for new trades during this period. Lastly, keep track of your buying power and avoid exceeding it. This will help you stay within the limits set by optionshouse and reduce the risk of a violation.
  645323
• Feb 18, 2022 · 3 years ago
  Hey there! When it comes to avoiding good faith violations while trading cryptocurrencies on optionshouse, there are a few things you can do. First, make sure you have enough cash in your account to cover any trades you make. This means avoiding using unsettled funds for new trades. Second, be aware of the settlement period for cryptocurrency trades. It usually takes a few days for funds to fully settle, so avoid using unsettled funds during this time. Lastly, keep an eye on your buying power and don't exceed it. This will help you avoid any potential violations and keep your trading experience smooth.
  609203
• Feb 18, 2022 · 3 years ago
  Avoiding a good faith violation when trading cryptocurrencies on optionshouse is crucial for maintaining a positive trading experience. One effective step you can take is to ensure you have enough settled funds in your account to cover any trades you make. This will prevent you from accidentally using unsettled funds and triggering a violation. Additionally, it's important to be aware of the settlement period for cryptocurrency trades, as it can take a few days for funds to fully settle. During this time, refrain from using unsettled funds for new trades. By following these steps, you can minimize the risk of a good faith violation and trade cryptocurrencies on optionshouse with confidence.
  699175