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Chaps' Wealthsimple bogus deposit freeroll v2 diary

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  • Chaps' Wealthsimple bogus deposit freeroll v2 diary

    As I may have mentioned either here or over on the hate site, Wealthsimple snap credits deposits up to 5k CAD but obv takes a few business days to take from bank. I still have a now closed bank acct attached so I took a look at their terms about bounced deposits...... "if the bank doesnt honour the deposit we will deduct from your personal (trade) acct and maybe have to sell some holdings" yadda yadda. well im both a degenerate and have the ability to make money so last week I did a 4k deposit. did pretty good, despite letting 20 calls expire worthless, netted about 12% after covering deposit. They dont even liquidate you right away (fortunately, as i needed the fed day spike). the highlight of last week (into this week's) run was snagging 20 GME 16C for 1.52 and selling em for 1.85 in like 10 minutes. those calls expired worth 7.50 plus and were higher immed after earnings obv. gotta let the winners really run sometimes ugh lol. easy 12k+ left on table.


    Well, we commenced rd 2 today with the full 5k CAD


    made 3 trades today while at work.

    1 SI Silvergate obv - Chased this runner but liked the chart and the steady move, almost felt like it was being walked up albeit FAST. Limit orders only (as Cramer says lol) on these volatile cocksuckers, fuck, limit orders only ever really. SO we dip our toe, looking for a nice scalp.


    Submitted

    Mar 24, 2023 11:22 AM

    Limit price

    $1.70

    Submitted quantity

    2,000 shares

    Filled

    Mar 24, 2023 11:22 AM

    Quantity

    2,000 shares x $1.69

    Total amount USD

    $3,377.00 USD
    Bounced around a lot, slightly red, but the move wasnt done.. decided 1.85 would be a solid hit, and like gravy....


    Status

    Completed

    Submitted

    Mar 24, 2023 11:49 AM

    Limit price

    $1.85

    Submitted quantity

    2,000 shares

    Filled

    Mar 24, 2023 11:50 AM

    Quantity

    2,000 shares x $1.85

    Total amount USD

    $3,700.00 USD

    a nice, fairly sweat-free $323. SOlid first trade of the run i thought, lets keep this one open on the phone in case it tries a run thru $2.... it did, set a limit order for 2.05 cuz i wanted in on the whole figure break OBV, damnit filled there too



    Status

    Completed

    Submitted

    Mar 24, 2023 12:18 PM

    Limit price

    $2.05

    Submitted quantity

    1,850 shares

    Filled

    Mar 24, 2023 12:18 PM

    Quantity

    1,850 shares x $2.05

    Total amount USD

    $3,792.50 USD


    oh well shit entry but wanted to wait for solid break i guess lol. this one got tricky, as i got busy at work and let it drop all the way to VWAP which was healthy dip. VWAP held so i said fuck it and just kept my original scalp target sell order open for 2.18. when it topped at fucking 2.17, i took the 2.14 and scrammed. this closed at 1.72 and 2.17 indeed stood as the high of the day. disaster averted.


    Status

    Completed

    Submitted

    Mar 24, 2023 1:54 PM

    Limit price

    $2.14

    Submitted quantity

    1,850 shares

    Filled

    Mar 24, 2023 2:04 PM

    Quantity

    1,850 shares x $2.14

    Total amount USD

    $3,959.00 USD
    so only about $170 on this one but i guessed right that it was getting toppy.


    Final trade of the day was more GME calls, just a 10 lot today. GME was looking strong after bouncing off premarket levels, calls for next week (25s) looked cheap, so in we go for a scalp.




    GME $25 Call Limit BuyExpires Mar 31, 2023 | Personal | Mar 24, 2023
    $680.00 USD

    Status

    Completed

    Submitted

    Mar 24, 2023 2:21 PM

    Limit price

    $0.6800

    Submitted quantity

    10 shares

    Filled

    Mar 24, 2023 2:21 PM

    Quantity

    10 shares x $68.00

    Total amount USD

    $680.00 USD

    This was a pretty quick hold for me, again shoulda held imo, especially since i only had 10, but scalping is in my blood so meh




    GME $25 Call Limit SellExpires Mar 31, 2023 | Personal | Mar 24, 2023
    $870.00 USD

    Status

    Completed

    Submitted

    Mar 24, 2023 2:43 PM

    Limit price

    $0.8700

    Submitted quantity

    10 shares

    Filled

    Mar 24, 2023 2:59 PM

    Quantity

    10 shares x $87.00

    Total amount USD

    $870.00 USD
    quick $190 but they did indeed finish off strong, closing at .92











    Last edited by DJ_Chaps; 03-25-2023, 09:31 AM.

  • #2
    I promise the insight will get doper as I actually take the time to eyeball for setups over the weekends/at night etc. it seems they will just keep letting me do this.

    Comment


    • #3
      Have you been able to get any money off? I'd be worried they are just going to take any profits you make citing abuse of terms of service.

      Comment


      • #4
        Originally posted by betcheckbet View Post
        Have you been able to get any money off? I'd be worried they are just going to take any profits you make citing abuse of terms of service.
        yeah, once the final sale funds clear i can then shift them over to my weathsimple cash acct which is basically like a built in bank acct i can spend from, pay billls etc. Physical card arrived last week. after rd one i took a few hundo off completely by etransfering myself. my main question is how many times will they let me do this. rd 3 will prolly be where i shoot for the moon.

        Comment


        • #5
          Im eyeballing the following for setups

          F
          TECL
          TTCF
          NVAX
          GME
          MSFT

          bullish cept for NVAX pretty much

          Comment

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