For small accounts
#stonks
unreal quest
median cradle
My internship money would get taxed massively not that I would complain lol
I'm not using any leverage
How does it even work
unreal quest
Part of the leverage involves using options
unreal quest
I'm not using any leverage
U need to find a bank that can give u a lot of leverage
median cradle
I have 3k going into fidelity tomorrow it says but idk what time
unreal quest
They never say the exact time
median cradle
Will that even be enough for 1 contract
unreal quest
Let’s check
They should be cheaper
Now that the price is reduced
Lemme check the price of say a $500 contract
median cradle
Where can you see updated AH options prices
hollow ridge
all of this is under NDA good luck getting that data
unreal quest
all of this is under NDA good luck getting that data
It can be estimated I’m sure
Just by analyzing market trends
hollow ridge
it might they say market makers provide liquidity that helps the greater market but i dont know if i buy it too much
also yeah i tried to catch up to chat but holy shit it's long i gave up
unreal quest
Where can you see updated AH options prices
In most cases options can only be bought during hours
Explain
median cradle
But are you seeing prices adjusted for it being 310
unreal quest
But are you seeing prices adjusted for it being 310
Actually I don’t think so
This is the time to make big money
It’s an advantage imo
median cradle
I kinda agree but the money I'm making... so huge
unreal quest
Now there’s a shitton of money for us to make
Look at what I did
I wouldn’t haven’t been able to do this
Had wsb not turned into this
Option prices can’t account for wsb
median cradle
If I was in your position I would be omw to NYC to get a penthouse
unreal quest
Honestly I may
Will figure out everything over the next few months
Nyc or Silicon Valley
Both places to be
median cradle
I would love to not have to do this linear algebra bs 😶
Idk tbh
I do know this will never happen in this way
This big
Big money will never let themselves lose like this
native glacier
But they will continue to over leverage probably...
median cradle
I'm def going to be safe with a lot of what I come out with
unreal quest
That could increase 100x
unreal quest
I'm def going to be safe with a lot of what I come out with
What we’re ur returns like?
How much if u don’t mind?
Could recommend a few services to grow it
Did u just use robinhood
median cradle
I'll dm
elder cypress
what's everyone's thoughts on sofi? potential to be the next rh?
nice app, nice ui, no commissions
didn't stop buys
vivid shard
arkk pls
elder cypress
transferring out of rh can take up to 2 weeks
hasty burrow
actually?
elder cypress
naw bro
hasty burrow
theyve been in since early?
elder cypress
most people will probably lose
lost sorrel
For real?
hasty burrow
dont cap bruh
lost sorrel
I'm already jealous.
hasty burrow
my friends brother went in early at $30
elder cypress
most people got in this morning or yesterday and are getting burned
hasty burrow
and made close to 6 figures
lost sorrel
Because instead of one person winning the lottery, it was thousands.
hasty burrow
good work
elder cypress
thought I was getting in late at $80 so I only bought 2 shares 
hasty burrow
dude I knew about it too
should've hopped on it before it mooned
w/e
im worried if they halt trades again
unreal quest
Off of what?
hasty burrow
just combine the money and internship money
unreal quest
In arch
vivid shard
Puts on anytrhing lol
hasty burrow
so ~30k
unreal quest
On gme?
Which stock
Oh
How much would u have needed to put in?
To make millions back
How much would u need to put in?
Like 30k?
To walk out with 1m
5k?
The decrease was less than 50%
In the S&p 500
exotic rivet
You guys think gme is gonna spike like wsb is saying it will
unreal quest
So a $2000 put would be pennies if the S&p 500 was at $3000?
Was there enough time to buy calls
Between the announcement and the increase
Do u think there will be another market crash
This year
median cradle
Hard to predict
latent turret
Realistically do y’all think amc will go up to +20
lost sorrel
Maybe later when movie theaters open back up.
lost sorrel
Could also happen if the next stimulus helps the industry again.
median cradle
Greed...
visual raptorBOT
@lean pagoda has entered the community.
unreal quest
Oh here’s some more dirty information
Citadel reloaded up their shorts right before robinhood disabled trading
It’s so obvious what’s happening
Citadel absolutely played a role in this
Watch this
He can’t be taken seriously
It’s like a 16 year old trying to say he wasn’t caught with weed
minor glen
Yeah that interview was so cringe
celest rain
probably reading from his citadel-approved script 
waxen fractal
Cuomo went even harder on him if you think the CNBC interview is bad, this one's worse
still not too late to buy GME btw, even if you're sad you missed out earlier
round holly
waxen fractal
rh should be back tmo just limited number of options i believe
sonic coral
how limited tho
waxen fractal
the question is are u still scared money tho?
waxen fractal
manipulation will happen til they fuckin go bankrupt
its been happening every day for the past week
celest rain
lmao watched those vlad interviews
dude literally repeated the same thing over and over and over
that's probably all that his script written by citadel said
dreamy tendon
koss to the moon
lilac thunder
^^
sonic coral
cant do that in the stock market anymore 
lilac thunder
Yes we have alex
vivid shard
I wanna gamble other people’s money for a living
celest rain
i just really wish fidelity would update their interface
doesn't have to be like robinhood or anything
minor glen
i just really wish fidelity would update their interface
Fr they need more charts and stuff
sonic coral
only reason fidelity didnt restrict is bc they are the largest institution in on gme lol
dreamy tendon
transferring all my funds to binance to get dogecoin
minor glen
Yeah I already put in my request to transfer my RH to my Fidelity account
sonic coral
did jpmorgan restrict
dreamy tendon
wonder if they restricted quant funds too
from making orders
is that why we still saw price moves lol
despite it being “halted”
minor glen
I wanna look more into Fidelity credit card like 2% cash back towards stocks seems kinda lit
Do u have a cash management account?
unreal quest
manipulation will happen til they fuckin go bankrupt
They deserve to go bankrupt
dreamy tendon
alex what do u think of dogecoin
unreal quest
Limiting options is very wrong
unreal quest
alex what do u think of dogecoin
I’m all in
sonic coral
positions?
unreal quest
They should have absolutely no influence on the stock price
unreal quest
positions?
Bought a bunch tonight
dreamy tendon
I’m all in
damn all 170m?
unreal quest
damn all 170m?
Nah not all
A small portion
But will buy more
Already up 300%
On dogecoin
Robinhood can not limit options
That is so wrong
That’s market manipulation
It’s not their role to control the market
They’re merely an intermediary
That’s why I’m building this new platform
solemn sparrow
You made 170m?
unreal quest
It’s gonna be a collaboration between all of us on this discord
Well put robinhood out of business
sonic coral
how much equity
dreamy tendon
how do i buy dogecoin in my roth alex
celest rain
ahh fuck
unreal quest
how do i buy dogecoin in my roth alex
Buy
celest rain
i transferred via EFT to fidelity but
unreal quest
That’s all I can say
celest rain
didn't realize i should have wired
dreamy tendon
i dont see the option
unreal quest
Just use fidelity
unreal quest
i dont see the option
What’s your Roth in?
Use a crypto exchange platform
There’s plenty
dreamy tendon
Use a crypto exchange platform
they dont support roths
unreal quest
they dont support roths
Why do u need a Roth?
dreamy tendon
i want to save taxes
celest rain
im taking to mikasa
minor glen
Doge isn’t on many platforms like don’t think coinbase has it
junior tapir
u can get it on kraken
celest rain
Since the ceo made racist statements
nothing he said was directly racist
it just heavily implied that he didn't give a shit
celest rain
ok but don't miscontrue things ok fair enough
unreal quest
His net worth is just paper
He has nothing until an exit
That’s just what investors value the company at
It’s a hypothetical valuation
It’s nowhere near a guarantee that the company will succeed
It could fall to 0 tomorrow night
He probably gets a salary
And that’s it
Startup founders don’t get any luxuries until an exit
VC’s aren’t putting in money for you to buy a Bugatti
It’s there to grow the company
Legit Silicon Valley names are calling them out
Umm
waxen fractal
unreal quest
Okay just got another unicorn interview today
For the first time I feel incentivized to just say no
I don’t even wanna take it
Crazy
minor glen
They released that like pretty recently yeah to minimize DOGE
hasty burrow
I’m already in 
minor glen
These dudes have to be cash strapped so they can’t promise instant deposit for all users I guess probs already have plans to shut back down so put lid on crypto since it was hot
Bitcoin just broke out
unreal quest
These dudes have to be cash strapped so they can’t promise instant deposit for a...
Uh yeah
These guys have literally nothing now
And it’s 100% their fault
They’re just raised $1 billion in emergency funding
From sequoia
unreal quest
Literally threw money down the drain
Robinhood can die
I wish I held on
Uhh actually I can’t really say that
Made more than enough
waxen fractal
It’s going far past the moon soon enough
waxen fractal
As of rn I’m up 8.5k w premarket at 380
lethal harness
hoooly fuck what did u buy @
unreal quest
As of rn I’m up 8.5k w premarket at 380
Did u lose anything?
When it went down
Were u able to sell?
Before it came cratering down?
lethal harness
u wanna buy doge coin too lmao
crude birch
ofc lolol
crude birch
rh says i have no buying power
lethal harness
yea same
waxen fractal
Made more than enough
wait did you sell all of your positions earlier today
crude birch
fffff
waxen fractal
i didnt read chat
unreal quest
wait did you sell all of your positions earlier today
Pre market
unreal quest
Anything more would have been greed
I might still buy some right now
Just for the high
hasty burrow
if you just tried to deposit you cant use any of it for crypto
they locked it
use binance
unreal quest
And to fulfill my goal of fucking over the institutions even more
And redistributing wealth
waxen fractal
And I didn’t want to risk losing all of it
what's the risk, were u just scared of RH?
limiting buys
unreal quest
what's the risk, were u just scared of RH?
I used Schwab
I was on wsb and the sentiment wasn’t good
I was seeing some stuff floating around the Internet
lethal harness
use binance
i tried and the region i am in i cant
unreal quest
i tried and the region i am in i cant
R u in the us?
Is it not available in every state?
lethal harness
it said i couldnt register on binance
unreal quest
Try cash app
hasty burrow
cash app doesnt have doge i dont think
unreal quest
Bitfinex
crude birch
not in it for the long haul just wanna make a quick buck
crude birch
already got verified by binance in the last hr lmao
waxen fractal
I was seeing some stuff floating around the Internet
do u still see antyhing?
unreal quest
Is binance hard to withdraw from
unreal quest
do u still see antyhing?
At the moment the sentiment seems to be much more positive
hasty burrow
than the other platforms
crude birch
there r withdrawal fees
unreal quest
What happened today drastically changed everything
crude birch
but i can’t rly find any info
waxen fractal
yea honestly i'm 100% ok with losing all the money I invested its literally 1/2 of one of my paychecks from last summer
but this thing is going way up
whiuch is why im not selling
crude birch
sucks but hopefully reddit will pump some other random ass coin soon
unreal quest
yea honestly i'm 100% ok with losing all the money I invested its literally 1/2 ...
Is this ur first internship?
Did u find another one yet?
hasty burrow
with the occasional dogecoin
waxen fractal
was my 2nd im graduating and got ft job alr
unreal quest
Oh congrats
Then in that case I’d yolo
I’m thinking of doing what dfv did
Making a video about which coins I think are the best
waxen fractal
my signing bonus will be 20k i only invested 1.3ish
unreal quest
There are plenty of random ass coins
minor glen
Elon was who pumped Bitcoin 🤣
unreal quest
Would u buy amc?
Are any Institutions shorting it?
Any notable ones?
Is there gonna be another short squeeze with it?
Will buying amc fuck up the big institutions
Any notable ones in on it?
Will the same thing that happened to gamestop happen to amc?
What about dogecoin
Is it sustainable?
Could it hit $1?
I know it went up a lot cuz of elon musk
You know, my father and his friends criticized this bull market. They said GameStop has absolutely no real value and can’t justify this price and that it’s just gambling. They also said that bitcoin and dogecoin are another scam. This is every boomers mindset tbh
Investing is just changing
Meme stocks are gonna be a movement
That will last a very long time
I don’t care about the underlying value
If the markets willing to pay these prices for them, that’s what they’re worth
And apparently elon can control the market
My father said that elon musk is another Bernie madoff
I really like elon musk
And simp for him
If elon says it it’s true
And there’s no debating it
waxen fractal
gamestop is unique due to its high short float, nothing will have the same amount of hype and collaborative effort by retail investors as it
so I have a hard time seeing amc/bb/etc pop off to the same extent as gme
@unreal quest
unreal quest
@waxen fractal the second highest is 62%
Ligand
That’s still very high
If it’s over 50 that’s high
waxen fractal
nothing like 140%
GME also had the intial drive based around rallying around DFV a normal dude willing to take a risk vs institutions
all other stocks will be more like ppl who fomo out of GME
not saying that they won't make you money
but a complete short squeeze is a lot less likely, you'll see a few gamma
waxen fractal
If it’s over 50 that’s high
but i don't think it's enough to spike like crazy, also institutions are def going to learn from their mistakes
they dont want to go bankrupt either
Based on dfv’s research video it appears gme actually had decent fundamentals too and was actually undervalued due to extreme shorts
But we’ll see about that after this is all over
waxen fractal
As high as it wants
I’m thinking it’ll peak next week however
I’m limit selling to cover at 1k and playing the rest by ear
Depends on why you’re in
Are you into make money or for the ride
Also sentiment on Reddit is that people are removing 1k limits
And yes if the short float stays high
Meaning squeeze didn’t finish yet
Posts like this have me thinking 1k isn’t even close to where it’ll end up
But that’s my personal speculation
This would signify peak would be above 5k
We’ll see soon enough
I’m just here for the ride
rapid fable
Ready to buy the dip boys?
median cradle
It hit 40 recently and that stock was heavily manipulated to keep calls OTM
median cradle
Bad choice of words but low price targets and shorted it to get options otm is a theory
visual raptorBOT
Have no fear, @crystal quarry is here!
crystal quarry
thoughts on BB today?
junior tapir
stonks only go up
crystal quarry
hit 20?
junior tapir
but also
they may go down
ah nothing like two halts on the way down for gme 10 minutes after open to wake u up
solid elm
dont different stocks in arkk have different weighting
so like some stocks have a larger impact
crystal quarry
whasup with bb lol
visual raptorBOT
Wow, @hexed rose just joined! Who brought the cake?!
hollow ridge
median yarrow
https://www.youtube.com/watch?v=SYc6QmaGnYc
true
vivid shard
die ARKK die
junior tapir
key word have enough money
rip my friends and I's $30 doing that strategy on online roulette
I mean 10k to 100k is only like 3 or 4 more doubles
man im feeling very paper handed this morning on gamestop
its just been chilling around 340 all day
lol i couldnt do trading as a job its not good for your heart
ive already taken profits
I wish there was fractional options trading
cuz I like messing with that more than stocks but for a lot of stocks you're risking a lot
yea I realize why it doesn't work but still unfortunate
ofc just have to wait until gme shares are 10 mil each
junior tapir
yea very sad for the fellas that sold at 130
vivid shard
Man im so sad we timed our arkk puts so poorly
exotic crypt
they should have just froze selling and buying for readjustment, instead it looks like straight up market manipulation
sonic coral
thats why u dont buy on margin
exotic crypt
arkk is going down?
so maybe your puts are good?
the whole market looks like a correction rn except meme stocks
lol
median cradle
Wlb tho
junior tapir
everyone i know involvd in finance works super long hours
exotic crypt
yeah that sounds awful, but the pay is insane
vivid shard
Burn arkk burn
exotic crypt
if I find a swe job with decent wlb and decent pay, i'm set
vivid shard
Finance sounds really fun tbh even tho it’s kinda unethical
exotic crypt
you could combine the two, do some quant type stuff
vivid shard
I really want to
exotic crypt
you don't even need to be insanely good like the people at 2sig, theres more places
hollow ridge
ARKK on discount
exotic crypt
my portfolio is on discount
vivid shard
Arkk has more to drop 😄
exotic crypt
whats your break even?
hollow ridge
what makes you say that
hollow ridge
yeah S&P is on discount too
exotic crypt
icln, arkf, vym
echo oak
market is on sale folks
time to load up
msft 232 after that beautiful earnings
god damn
latent turret
Apple fucked me
quasi heart
here we go again
dreamy tendon
anyone have predictions for the weekend?
amc to 500
exotic crypt
gme short float was updated on marketwatch to be 121% that means they only covered a little
amc pct is 79%
hasty burrow
bb fucked me too
exotic crypt
i hope it goes up on monday to where it was before rh did us dirty
hasty burrow
but holding them
crystal quarry
BB is trolling me right now
@hasty burrow what yall in at
and same but im holding as well
bold pine
well im down 32% on AMC and 28% on BB.
hasty burrow
30% on bb
bold pine
AMC 18 @ 17.8. BB 40 @ 20
hasty burrow
18% on amc
hasty burrow
AMC 25 @ 15
crystal quarry
dont have amc or gme
bold pine
oh well. hold until next week i guess
hasty burrow
BB 12 @ 20
hasty burrow
damn lol
exotic crypt
i believe
crystal quarry
should i buy amc today
onyx mango
set a limit buy for 11
onyx mango
i think would be decent
zinc pasture
stonks only go up
onyx mango
im holding AMC till monday
to be fair
its fine to hold AMC for like months
cause after coronavirus itll go back up
it was around 20-30 before coronavirus
exotic crypt
true
onyx mango
so eventually stonks will go up
exotic crypt
i have bb calls for 2/5, i'm praying till then
exotic crypt
i usually do, got wild
still within my risk tolerance but not doing too hot
yours are 2/5 arent they?
crystal quarry
me too lmao
exotic crypt
i want bb at 24
hasty burrow
can confirm coding loses money
crystal quarry
can confirm coding loses money
holding BB this weekend?
crystal quarry
im prob gonna hold
dont want to lose
im just worried it wont get above 16 again lol
exotic crypt
same
hasty burrow
did anybody sell during the peak yesterday for dogecoin
a bit after the aoc stream it doubled
exotic crypt
i think i sold at like .07 but i think it was at like ~.08 or something
i think it will keep going up eventually but its cooling off rn
exotic crypt
yeah, i think i'll buy back in myself when it dips a little
i just got coinbase so gonna do my crypto on there instead of rh
hasty burrow
cb has doge?
hasty burrow
its not supported
exotic crypt
oh dang
crystal quarry
bb rn
lethal harness
bought GME at 270, holding over weekend. 💠 👐
visual raptorBOT
Wow, @prisma frigate just joined! Who brought the cake?!
median cradle
Yess get all these calls ITM
prisma frigate
boutta get squeezed to the moon
visual raptorBOT
@finite moss has entered the community.
median cradle
Ooooof
hasty burrow
charge ur phone bro 
median cradle
T1 even talked about it? I didn't see that vid yet
hasty burrow
content
unreal quest
Is this not suspicious?
In the interview, vlad said it wasn’t a liquidity problem
When it clearly was
They’re stripped of cash
Now they’re getting bailed out by Silicon Valley investors
Now we can’t even trust vcs
They’re throwing money down the drain
He was doxxed
tulip turret
? it looks like he did an interview with wsj
median cradle
Yeah it was voluntary
unreal quest
He started a revolution
Guys, all I can say is hold
Hold
Hold
Hold
We need to send a message
median cradle
Yessir
unreal quest
These hedge funds made a stupid decision
By shorting more stock than exists
And we’re gonna tell them that they’re not getting off the hook
hollow ridge
waxen fractal
Mans learned the word synthetic in the past week and won’t stop saying it
mighty ridge
Guys, all I can say is hold
bro you literally sold
unreal quest
Now I feel bad about this
It’s why I’m buying a bit more now
Probably gonna make some off of it anyways
mighty ridge
it’s okay i would’ve been shitting my pants if i had 170M in gme
unreal quest
My father is speaking to his business partner. I’m overhearing him on the phone
He’s shitting on GameStop
Calling it a scam
unreal quest
With that much money at stake it's smart to sell the calls
Yeah that was the only reason
If it was a smaller account it would be different
lethal harness
TRU
waxen fractal
In the interview, vlad said it wasn’t a liquidity problem
According to this the whole system had a liquidity problem @unreal quest
unreal quest
It’s 100% a liquidity problem
They were lying about it
Should they be sacrificing their customers money for this?
Selling shares without permission
That’s so unethical
That’s why a lawsuit is warranted
It’s no different than stealing
Disabling buys and selling shares without permission
People lost a lot of money over this
Will people get compensated for this?
They probably lost their customers close to $10B
When the stock fell 50%
And they sold shares without permission
How will they repay what they stole
But people would
They artificially crashed the market
Under normal market conditions sure
waxen fractal
SEC investigation will likely happen after all of this is over
unreal quest
But this was artificial
Can the Sec seize all of robinhoods assets
To compensate people for losses
We aren’t responsible for our brokers financial problems
We shouldnt be the ones paying
It’s not our responsibility to pay for our brokers losing money
unreal quest
Will customers get their money back?
waxen fractal
Rh trades require them to put up money to ensure it goes thru
unreal quest
Thing is. If you owe someone $1000, it’s your problem. If you owe someone $1B, it’s their problem
There need to be minimum reserve values
In order to protect them against things like this
waxen fractal
Wait so technically it is a liquidity problem?
unreal quest
Aren’t accounts insured up to $250k?
waxen fractal
Cause they did t have enough money
unreal quest
So any losses up to $250k will be paid by the government
unreal quest
Wait so technically it is a liquidity problem?
Absolutely
Members are protected up to 500k
waxen fractal
So technically this is right, but them stopping trading was to prevent a liquidity problem?
unreal quest
So technically this is right, but them stopping trading was to prevent a liquidi...
Yeah
So the wouldn’t be on the hook to lose more
They just raised 1 billion
It’s obvious why they did it
Half of robinhood users own GameStop
And accounts are insured up to 500k
So will the government be providing people trillions in compensation
To recover their losses
What if it’s market manipulation?
Is what happened illegal
And in the case this happens, will people be insured up to 500k?
@fleet cypress is what robinhood did illegal
Selling shares without your permission is illegal
And market manipulation is illegal
If there was a legitimate reason to stop trading, that would be different
sonic coral
sounds like they still lied
as they said no liquidity problem
but were on the verge of one
if continued
when did they say that
all vlad said was "financial requirements lol"
unreal quest
Which loans
waxen fractal
Which technically is a liquidity problem
If he said that rh user trust is out the window
sonic coral
eh still makes rh not trustworthy. biggest broker for etail investors cant handle this
waxen fractal
More so than it is alr
sonic coral
doesnt mean u dont tell them thr truth
when ur messing with their money
this doesnt rlly help rh's case imo
unreal quest
Well is the lawsuit still valid
sonic coral
hes not even a cs major lol
unreal quest
sonic coral
math or physics i think
unreal quest
The guy who created this is the goat
Know him and he’s extremely helpful
Do u think robinhood will lose in court
Everyone that lost money will get some back
waxen fractal
My friend was employee at donotpay and then recently started working at robinhood lmao
hasty burrow
why is bb failing me
lethal harness
gonna be a long weekend brothjer
waxen fractal
The tweet talks about buying stocks not sales
And yea that’s true it started 2 days ago, and at that point it was unmanageable
Yea but you could say that price increase was manageable
And the recent high spikes were unaffordable when combined with the clearing house increase as well
The spike in the graph is 3 days ago ish
I mean that’s an assumption though right?
If they had a problem covering for shares bought, wouldn’t they just stop allowing shares to be bought
That’s a simple response in my eyes
This could be correct for all we know but there’s no evidence for it atm
waxen fractal
all the dots in the tweet connect too
unreal quest
Do you really think it’s possible?
That my sale had an impact on this
Now could they sue me over this??????
Since I suddenly needed a very large cash payout
And probably deprived them of their cash on hand
It’s their fault
It still wasn’t okay for them to do this
They can’t steal from their customers to cover their deficit
That’s plain illegal
median cradle
Nah it's still fuck citadel regardless
I feel bad for RH employees especially engineers, they are doing their jobs well and could never predict such a horrible handling of the situation
median cradle
I think it will calm down eventually
GME is just too hype to ignore
I've seen people who have never invested be outraged about RH
Super high IV
lost sorrel
Deepfuckingvalue should buy puts.
Can you imagine if he made money both ways? Would be insane.
median cradle
Damn buying like 50p might be the move
lost sorrel
unreal quest
Do u guys think a crash is highly likely?
I’m thinking of buying some puts
Just for the high
Another possible exponential return?
subtle blade
It has to crash at some point
unreal quest
Puts are literally pennies
unreal quest
how far can you buy puts on
As far as $0.5
They’re literally free
Anything up to $44 is $.01
vivid shard
What strike date tho
unreal quest
Shit I was looking at today
Let me check next week
Yeah $0.5 is always an option
But there’s absolutely no way it will go that low
$100 puts are $12.35
So expensive
That’s $1235 a contract
vivid shard
Yeah that’s expensive af
vivid shard
Holy shit
unreal quest
February 5
unreal quest
At this point I’m buying more so I can get money out of the institutions and into the hands of people who actually need it
unreal quest
I’m all for fueling retail traders
I’m buying a bunch
Think Melvin is dead now?
This is a real movement. We’re creating a new economy that centers around average joes, where they can be winners.
waxen fractal
I wouldn’t go that far
After this pop it’ll be back to the status quo imo
Melvin is likely gone tho
unreal quest
$70B was lost to shorting tho
waxen fractal
There’s still hundreds of funds out there with trillions of combined value
They all aren’t going to suddenly disappear, and a lot of these places are under the radar and me and you have prob never heard of them
unreal quest
My father said that what happened the past week was a complete scam
He said it’s manipulation and insider trading
He said GameStop is out of business because no one uses it
He said that in order to make real money, you build a company and commit all your time and energy into it
He still says Melvin is smart money and that they got unlucky
Boomer mentality
This is a trend that will continue
As long as there are stocks to be shorted, reddit will do it again
dense osprey
bruh is going all in on amc even a good idea
their short interest isn't even that high
unreal quest
If it’s money you can afford to lose, so it
unreal quest
No it’s very high
It’s still an anomaly in the context of the market
Average is very close to 0
unreal quest
Possibly
Anything above 10% is considered high
If they’re losing money on shorts it’s bound to cause a squeeze
I believe amc is 60
elder cypress
I mean
im not coming to their defense
but there's more factors at play than most people realize
unreal quest
They’ve permanently lost my trust
elder cypress
they aren't the only ones who are saying this, graham stephan made a video on this before it was posted
unreal quest
I’ve already signed onto over a dozen lawsuits
Whatever robinhood says is prey
They know that because of their name the general population will believe them (at least until now)
Alright I’ll read it
I’ll listen to their bullshit
waxen fractal
Some stocks deserve to be shorted tho
It prevents companies from lying about growth
elder cypress
there is still some degree of blame to put on them regardless of whether or not this is true
waxen fractal
If they’re losing money on shorts it’s bound to cause a squeeze
louis rossmann was saying how short sellers were the original ppl who exposed enron
elder cypress
tldr they stopped buys to be able to afford clearing more comfortably
also the ceo of webull said they stopped activity for the same reason
waxen fractal
ESP considering rh wasn’t the only brokerage to halt trades
waxen fractal
ESP considering rh wasn’t the only brokerage to halt trades
This is why your previous point doesn’t stand as strong @hexed rose
lethal harness
monday morning about to be interesting
lost sorrel
We know what happened to the brokers now. The clearing houses increased the price for brokers to buy from them, and they suddenly couldn't full orders anymore.
This could of gone a lot better if Robinhood simply said they were running out of money.
waxen fractal
But other companies halted trading and they all had the same reason
lost sorrel
Instead of the half-hearted, vague response they gave.
unreal quest
Yeah Enron was a unique situation
Halting trading on its own was highly illegal
Everything aside, it still deserves a major penalty
Exactly
Jail time
Bankruptcy
At this point it doesn’t even matter why they halted trading
The fact that they did it is something on its own
If they had a legitimate reason, they better have been ready to pay out their users
lost sorrel
unreal quest
Looks like sequoia is bailing them out
It would be more efficient to just burn the money
Absolutely
It has a psychological impact
People probably have too much trust in robinhood
So they thought that there was a valid reason to sell
It’s pure criminal
waxen fractal
Yeah Enron was a unique situation
I’m saying that’s the reason why shorts exist
If not stonks would only go up literally
unreal quest
That’s separate from the robinhood issue
Yes sometimes shorts are legitimate
But this was something on its own
waxen fractal
It’s stated in the article, clearing houses charge based on volatility and the buys were more volatile
unreal quest
The positives of shorts do not justify what robinhood did
waxen fractal
That’s separate from the robinhood issue
Yea I agree, I’m just saying u don’t buy every stock that’s currently being shorted
waxen fractal
As long as there are stocks to be shorted, reddit will do it again
Here
lost sorrel
That's a even worse idea, what if the stock kept going down back to $50 but you couldn't get out at all. People would be irate. More than they already are.
unreal quest
Can’t they freeze the price
If they’re gonna half trading, then they need to freeze the price
waxen fractal
Can’t they freeze the price
They’re a broker not the market themselves...
lost sorrel
Can’t they freeze the price
The actual stock market can, the brokers can't.
unreal quest
Then they better be prepared to pay emanates
lost sorrel
Nor can the clearinghouses.
unreal quest
Their financial issues lost their customers a huge amount of money
It was not a natural loss
That would be different
waxen fractal
Are you an expert on the way the financial system works or are you just going off of what you’ve seen this week, all your statements feel reactionary
lost sorrel
Robinhood fucked up by not preparing and not telling the whole truth. But you should also be mad at the clearinghouses for suddenly jacking up the collateral for all the brokers.
waxen fractal
If you’d ask someone who actually works in securities they’ll give you actual answers rather than random Cs majors on a discord
unreal quest
I have a decent amount of knowledge and I have made a serious amount of money doing this. Sure, I don’t know everything
The exchange???
Yes my statements are mostly reactionary
They can freeze trading
lost sorrel
If there's too much volatility in a stock, the exchanges can freeze trading.
unreal quest
lost sorrel
Should have said exchanges instead of stock market.
Yeah, they've frozen gamestop a bunch this week.
It's only for a few minutes.
waxen fractal
I have a decent amount of knowledge and I have made a serious amount of money do...
I don’t think you have the knowledge/evidence to determine something was foul play and the amount of punishment it deserves
And that’s what the companies themselves said
unreal quest
No one does, but there are very valid reasons to be outraged and expect legal recourse
Politicians and billionaires are expressing the same sentiments
lost sorrel
No one does, but there are very valid reasons to be outraged and expect legal re...
Of course, they're already getting sued and the matter will be investigated by Congress, but it's best not to jump straight to conspiracy.
unreal quest
There’s no reason to believe it’s not collusion
The evidence here is so strong
The way Vlad spoke is a huge piece of evidence. It was like a teenager hiding weed. He kept contradicting himself. This can definitely be used as evidence in court
Either way they’re gonna be investigated very thoroughly
We’ll uncover more ugly things
lost sorrel
Or because he just got off the phone begging for money.
unreal quest
The only people defending robinhood are those who have a transactional relationship with them
This is a very serious situation. Comparing it to Bernie maddoff wouldn’t be far fletched
The losses definitely exceed $10B (conservative)
It’s beyond cringy
I’m going with the decrease in market cap
There are definitely internal records of everything that happened
They can gain access to all their emails and phone calls
The rich very rarely get any serious jail time
There’s also incentives for the government not to lock them up
Look at the college admissions scandal for example. That was pure fraud. They didn’t get any serious jail time
They got like 2 months
They still have money
They probably don’t care
And those are just millionaires
These are billionaires we’re talking about
As someone who’s seen both sides, I can say that there are very clear advantages. It’s not as simple as writing the juries a check or having better lawyers
It’s far deeper than that
That is slightly different
If it’s poor against rich, the rich win every time
The prosecutors are also biased towards the rich
Plenty of high profile people have been involved in some very dirty things that you don’t know about
But they know that the losses related to putting them in jail would far outweigh any benefits
Although it isn’t rare to get arrested for insider trading
That happens all the time
unborn flare
It’s far deeper than that
wdym?
unreal quest
wdym?
The legal system is and always has been highly biased against the rich
Rich people can get away with so many things
I can tell you that even insider trading is not as rare as you think
It happens every day
And 95% of the time it isn’t caught
unborn flare
yeah that makes sense. if it not on a huge scale and ur not an idiot idk how you could ever really get caught for it
unreal quest
If ur rich and it’s on a small scale, ur not getting caught
unborn flare
lol just another reason its easier to be rich
but on a serious note it really not something that will ever go away
if people have info that will make them money they will use it
unreal quest
This time, they’re definitely not getting away with it
It’s a PR nightmare now
The whole world is outraged by them
sonic coral
congress insider trades in plain sight and nothing happens
unreal quest
I’m gonna continue holding GameStop
I just bought calls
May lose some but I’m doing this to send a message to the institutions: fuck you
If you’re still in it, my message to you: hold
Hold
Hold
Hold
Do not sell
Do not sell
We can do this
We can bring it to the moon
🚀🚀🚀🚀🌑🌑
I made some relatively minor gains today, with amc and a tiny bit more GameStop. Bought after before hours.
Bought a few calls
Didn’t touch it at all yesterday
After selling
I’m up about 22% today (my entire portfolio)
Did anyone else recover from yesterday?
Or buy some amc today?
I think we can take amc to the moon next
Does anyone else have confidence in amc???
If so do not sell
We need to get this message around
In fact we could probably start a tiktok campaign
waxen fractal
Did anyone else recover from yesterday?
You simply recovered from yesterday by not selling and holding to begin w xd
unreal quest
I saw a few negative sentiments floating around on reddit
And twitter
That something was gonna happen
Seems like many ppl knew this in advance
celest rain
The legal system is and always has been highly biased against the rich
wait do you mean "biased against the poor"?