I thought it may be useful to share this because this may happen to anyone who wishes to withdraw money from their brokerage and is unable to do so. As shown in the screenshots below, I had S$142k in my brokerage account. However, the cash available for withdrawal to my bank account was S$0. Why … Continue reading $142k In Account, $0 For Withdrawal
Tag: what to avoid in options trading
My Nvidia Time Bomb (-USD141.5k Unrealised Loss & Counting) | Why You Should Never Sell Naked CALL | The Danger Of Short Selling
I used to own 300 shares of Nvidia back in 2023 but I sold Covered CALL on them at the worst possible time when Nvidia had reached its bottom at $100+ in early 2023. My breakeven price was around USD263, and my strike price was around USD200 but the premium was not high as Nvidia … Continue reading My Nvidia Time Bomb (-USD141.5k Unrealised Loss & Counting) | Why You Should Never Sell Naked CALL | The Danger Of Short Selling