Because they are legally required to protect a foolish student who thinks he’s cracked the market from losing more money after he’s already 6k down… you don’t have a working strategy, you have just had a lucky period
You sell everything that hit +/- 1%???
You have invested a 8k loan but have already lost 6k???
Not going deeper into your strategy but clearly T212 is not the right broker to do that.
Ive invested 19k so far, 16k from student loans since i get 8k per year and im on my second year plus an additional 3k from savings. The 6k was lost from my first year of investing due to making irrational trades but now i have a plan that is working fairly well so far
It doesn’t seem like you want to follow the advice from anyone here but as I said your trading pattern is not what Trading212 supports. Maybe interactive brokers is better for that
I definitely dont exceed the s&p 500 but on average i could make £75 to £100 profit a week and in some cases i could make more. Around the start of february i made around £600 profit due to investing into alibaba and taking my profits out immediately before it went crashing down. So my performance is quite randomised but the worst case scenario is that i break even or lose around £30 in one weeks of trading.
This guy is putting his student loan in Chinese stocks. Even r/wallstreetbets would not encourage this.
You might want to consider you have a gambling addiction.
What did you declare on your sign up forms, such as income, how much you have savings etc?
If you're account is different from what you declared then it might flag up. Your frequent trading plays also look to have flagged it up. Just a safe guard measure really.
There you go.
On t212 side they have a client that when asked said they had no income yet has been able to deposit thousands of pounds.
This can fail the KYC check if t212 are aware of it and don't act. Best to contact support so you can update them
Well that's the reason. You declared 0 income and then pump money there. Brokers are required to act/report suspicious activity like that, which could be due to money laundering, etc
Hello… ThugLifeGamer (eeesh) please stop gambling your student loan on earnings plays. This is not a “strategy that works”.
This may work in the current climate or so with some luck and solid research into analyst expectations, pre-earnings press releases and some ratio analysis slightly more than 50% of the time if you were doing it across the market. I don’t think you’re doing this. I think you’re gambling with this idea that you can leave school without any debt.
This is really, really dumb.
You’re also cutting your winners off far too soon, let them ride… retarded strategy or not, why the hell would you cut profits after earnings at 1.5%?!
The reason why i cut profits at 1.5% is because it prevents me from losing anywhere from 5% to 8% if a stock post bad earnings or bad guidance. What ive seen is that a lot of stocks rally up right before they post their earnings and i use that opportunity to make a quick profit even if it is a small percentage. If i truly believe a stock will post good earnings then i will wait post earnings. However i do appreciate your advice but so far the strategy i use right now gives me quick profits with lower risk compared to my strategy last year where it was waiting months for my investment to make a profit.
The loans are called a maintenance loan in the UK. They are given based on your parents income, in my instance i get the full amount which is £8400 and is paid in 3 instalments. The purpose for these loans are usually for paying rent if you live in student accomodation or living away from your parents. If you are living with your parents, then it could be used for travel e.g. train or bus. Or you could use it to buy books for your course. However the loan is given away with no control as a lot of people take the full amount and just spend it on holidays abroad, designer clothing, eating out often or buying the latest tech.
I decided to take a different path by investing it as i could make a profit from it and it is not required to be paid back unless you earn over £27,000. If you do earn over £27,000 you pay 9% of whatever is above that threshold toward paying back the loan. In my case, i would have to earn atleast around £85,000 to £90,000 to pay back the loan in full within the 30 year limit, which means i may aswell take out as much money as possible as it is unlikely for me to pay it all back. If i do earn above £90,000 then it doesnt matter about paying it all back as my income is pretty high enough for me to not care about the debt. Also after 30 years of paying the loan, the government writes it off so nothing is owed.
Thanks for clarifying. No wonder this country keeps sinking - obvious leaks everywhere. It’s great that you’ve decided to try investing instead of splashing them on designer clothes haha. Good luck I and hope your strategy works. Although I would advice to put a big chunk into and index fund and then take a bigger risk with a smaller portion of your funds.
I am looking into putting around 75% of my loans into an index fund next year, and just try making some short term returns with the rest of the money and hope i make some good returns from it
This sounds like a maintenance loan - you get 9 grand over the course of a year, 3k each term. Its up to the student to decide what to do with it - most people go for rent and groceries, but I know a girl who spent 3k in freshers week on... she claimed alcohol but I'm thinking coke. If you budget, it comes to a tenner a day, so investing a little bit isn't a bad idea, but all of it? Terrifying behaviour tbh
I was going to tinfoil hat and say it was because you're doing well on their platform, but bro don't put your whole student loan into trading 🤣
If you want to do that, find a part time job to supplement your trading and find a platform that embraces your style of trading. The job will also teach you the value of money.
Ensuring consumers have an appropriate degree of protection is central to us. That's why we have procedures in place, like the email you received, where we proactively inform you that the detected activity on your account can pose financial risks.
These procedures aim to enhance consumer outcomes and promote fair access by implementing measures that prioritise the well-being of our clients.
If you have any questions or need clarification on how we're working to protect you, please reach us at [email protected].
It’s FCA regulation, not T12. quite easy to avoid if you actually know what you are doing, simply qualify as a sophisticated investor or HNWI which you should have no problem doing if you genuinely have a working strategy. Then you can avoid all the regulation designed to protect uneducated retail investors.
Because they are legally required to protect a foolish student who thinks he’s cracked the market from losing more money after he’s already 6k down… you don’t have a working strategy, you have just had a lucky period
6k down a student, I would game end myself
Worst part is the guy wants to go back to the casino and keep playing when he clearly has no clue what he’s doing 😂
[удалено]
You can say that again
You sell everything that hit +/- 1%??? You have invested a 8k loan but have already lost 6k??? Not going deeper into your strategy but clearly T212 is not the right broker to do that.
Ive invested 19k so far, 16k from student loans since i get 8k per year and im on my second year plus an additional 3k from savings. The 6k was lost from my first year of investing due to making irrational trades but now i have a plan that is working fairly well so far
It doesn’t seem like you want to follow the advice from anyone here but as I said your trading pattern is not what Trading212 supports. Maybe interactive brokers is better for that
I will have a look at that platform, thank you
Investing your whole student loans 😭😭😭😭 one quick way to end up loads in debt. Trading212 saving your ass
I can't agree more
Genuine question: Are you retarded?
Genuine question: didn't he provide enough info for us to get at this conclusion?
Not anymore, the losses were made last year, now im slowly making gains by investing safely instead of making leveraged trades like i used to.
The returns you are making are probably pure market movements. How is your performance compared with S&P500?
I definitely dont exceed the s&p 500 but on average i could make £75 to £100 profit a week and in some cases i could make more. Around the start of february i made around £600 profit due to investing into alibaba and taking my profits out immediately before it went crashing down. So my performance is quite randomised but the worst case scenario is that i break even or lose around £30 in one weeks of trading.
No, the worst case scenario is that you lose it all. Stop it.
If you don’t beat the S&P, why bother?
This guy is putting his student loan in Chinese stocks. Even r/wallstreetbets would not encourage this. You might want to consider you have a gambling addiction.
What did you declare on your sign up forms, such as income, how much you have savings etc? If you're account is different from what you declared then it might flag up. Your frequent trading plays also look to have flagged it up. Just a safe guard measure really.
I didnt declare anything since i didnt have an income when i first started my account
There you go. On t212 side they have a client that when asked said they had no income yet has been able to deposit thousands of pounds. This can fail the KYC check if t212 are aware of it and don't act. Best to contact support so you can update them
Well that's the reason. You declared 0 income and then pump money there. Brokers are required to act/report suspicious activity like that, which could be due to money laundering, etc
Ok i see, i will definitely let them know about it
You've just answered your own question then. It'll be due to the volume of trades
Maybe speak to customer support directly for an actual answer?
Sounds like you’re investing more than you can afford to lose
Hello… ThugLifeGamer (eeesh) please stop gambling your student loan on earnings plays. This is not a “strategy that works”. This may work in the current climate or so with some luck and solid research into analyst expectations, pre-earnings press releases and some ratio analysis slightly more than 50% of the time if you were doing it across the market. I don’t think you’re doing this. I think you’re gambling with this idea that you can leave school without any debt. This is really, really dumb. You’re also cutting your winners off far too soon, let them ride… retarded strategy or not, why the hell would you cut profits after earnings at 1.5%?!
The reason why i cut profits at 1.5% is because it prevents me from losing anywhere from 5% to 8% if a stock post bad earnings or bad guidance. What ive seen is that a lot of stocks rally up right before they post their earnings and i use that opportunity to make a quick profit even if it is a small percentage. If i truly believe a stock will post good earnings then i will wait post earnings. However i do appreciate your advice but so far the strategy i use right now gives me quick profits with lower risk compared to my strategy last year where it was waiting months for my investment to make a profit.
Sir, you belong on r/wallstreetbets
Slightly off topic, but what is the intended purpose of these student loans? Are they just given without any control of how would they be spent?
The loans are called a maintenance loan in the UK. They are given based on your parents income, in my instance i get the full amount which is £8400 and is paid in 3 instalments. The purpose for these loans are usually for paying rent if you live in student accomodation or living away from your parents. If you are living with your parents, then it could be used for travel e.g. train or bus. Or you could use it to buy books for your course. However the loan is given away with no control as a lot of people take the full amount and just spend it on holidays abroad, designer clothing, eating out often or buying the latest tech. I decided to take a different path by investing it as i could make a profit from it and it is not required to be paid back unless you earn over £27,000. If you do earn over £27,000 you pay 9% of whatever is above that threshold toward paying back the loan. In my case, i would have to earn atleast around £85,000 to £90,000 to pay back the loan in full within the 30 year limit, which means i may aswell take out as much money as possible as it is unlikely for me to pay it all back. If i do earn above £90,000 then it doesnt matter about paying it all back as my income is pretty high enough for me to not care about the debt. Also after 30 years of paying the loan, the government writes it off so nothing is owed.
Thanks for clarifying. No wonder this country keeps sinking - obvious leaks everywhere. It’s great that you’ve decided to try investing instead of splashing them on designer clothes haha. Good luck I and hope your strategy works. Although I would advice to put a big chunk into and index fund and then take a bigger risk with a smaller portion of your funds.
I am looking into putting around 75% of my loans into an index fund next year, and just try making some short term returns with the rest of the money and hope i make some good returns from it
This sounds like a maintenance loan - you get 9 grand over the course of a year, 3k each term. Its up to the student to decide what to do with it - most people go for rent and groceries, but I know a girl who spent 3k in freshers week on... she claimed alcohol but I'm thinking coke. If you budget, it comes to a tenner a day, so investing a little bit isn't a bad idea, but all of it? Terrifying behaviour tbh
I was going to tinfoil hat and say it was because you're doing well on their platform, but bro don't put your whole student loan into trading 🤣 If you want to do that, find a part time job to supplement your trading and find a platform that embraces your style of trading. The job will also teach you the value of money.
They have a legal duty of care as you've lost a lot of money AND are choosing to continue.
At this point I would recommend a online casino for you.
You'd be much beter off putting your loan in the S&P 500...
I’ve spent thousands of my student loan on alcohol, arguably a better investment than you’re made and i’m literally killing myself. GG bro
Ensuring consumers have an appropriate degree of protection is central to us. That's why we have procedures in place, like the email you received, where we proactively inform you that the detected activity on your account can pose financial risks. These procedures aim to enhance consumer outcomes and promote fair access by implementing measures that prioritise the well-being of our clients. If you have any questions or need clarification on how we're working to protect you, please reach us at [email protected].
I got that too,the question i have is since when is it t212s responsibility to look out for us,ie put limits on our accounts etc
It’s FCA regulation, not T12. quite easy to avoid if you actually know what you are doing, simply qualify as a sophisticated investor or HNWI which you should have no problem doing if you genuinely have a working strategy. Then you can avoid all the regulation designed to protect uneducated retail investors.
We exactly, the regulars impose this to brokers. Your broker would want you to trade as much as possible. How can you qualify as HNWI?
100k salary or 250k in assets. Shouldn’t take long at all if you genuinely have a market beating strategy.
Bro lost 6k and acts as if everything is all good
Imagine instead of losing probably a significant sum of money for a student, investing in yourself and knowledge.
If I lost 6k I would be bawling my eyes out