Stock market tips and experiences

[NorCalAthlete]

Yeah still holding.

[TheFanatic]

Originally Posted by jmack

Yes, they've had bandwidth/system issues during several big opportunities in the past year, then the de-listing stocks fiasco last week. They could just freeze you from selling all together if it suited them. Get with a real broker. TDA is just as beginner friendly as RH.

I had Scottrade back in the day, once TD Ameritrade bought them out I sat on my investments and I didn't use it until recently. It seemed pretty user friendly and I've been happy so far. they haven't limited anything I've bought or sold yet. Yeah there were some delays but I think it's from shear volume on these platforms. HCMC OTC buyers said they couldn't buy but I noticed I had to set the limit way higher cause it was changing so fast that by the time I hit buy the limit needed to be higher.

[XKxRome0ox]

Originally Posted by NorCalAthlete

Initiated transfer from RH > Schwab today. They said it'll take 5-7 business days.

Hope it doesn't spike before transfer completes...but the other risk in leaving it with RH is I get locked out / "system error" when I try to sell and miss the spike anyway.

Only have 300 shares vs Mr. Big Dick 186,641 above but I'm cool with holding for the long run anyway.

he's probably referring to 186k shares of Dogecoin, not GME lol

[antzcrashing]

Originally Posted by XKxRome0ox

he's probably referring to 186k shares of Dogecoin, not GME lol

I think he was saying he has 300 DOGE?

On the topic of GME I am holding and may buy in if it continues lower. I feel that below 50 is pretty good saying that the mkt cap of he company would be around 5 Billion. With new leadership his company could easily grow into a 5 Bill cap

[vreihen16]

Originally Posted by antzcrashing

On the topic of GME I am holding and may buy in if it continues lower. I feel that below 50 is pretty good saying that the mkt cap of he company would be around 5 Billion. With new leadership his company could easily grow into a 5 Bill cap

I'll make you a deal. I'll sell you my GME share when it hits $5.00 next week.....

[XKxRome0ox]

Originally Posted by vreihen16

I'll make you a deal. I'll sell you my GME share when it hits $5.00 next week.....

are you trying to short the shares you have? lol

[kanovic]

Doge going up at 9pm et. That’s when everyone is buying. Heard it here first lol

[vreihen16]

Originally Posted by XKxRome0ox

are you trying to short the shares you have? lol

Unlike the hedge funds, I actually own my share...and will take the $250+ beating when I sell for $5.00...because I didn't listen to my gut and jump off at $450.....

[kscarrol]

Originally Posted by M FUELED

Well shit, is that a possibility of getting locked out in Rh when trying to sell? If so I need to get out of RH too

RH might be getting sued but all brokerage firms include some version of language in the contract/terms and conditions that says they may limit/block/restrict trades at any time. Dig through TD Ameritrade, Schwab etc it is there... I am in the process of moving my accounts from Goldman to Morgan Stanley and it is in their contracts as well.

[M FUELED]

So you might get screwed no matter what brokerage you have your investments in is what you’re saying?

I’ve gone over double on my portfolio with most of the profits coming from doge alone but with everyone doubting RH, I’m wanting to switch it over to another brokerage, just don’t n is where to go

[kscarrol]

Originally Posted by M FUELED

So you might get screwed no matter what brokerage you have your investments in is what you’re saying?

Yes but the larger, better capitalized firms should not need to do this as quickly as RH but even TD Ameritrade (owned by Schwab) was limiting trades on GME. Interactive brokers limited trades on GME options to sell only.

Edit: Ultimately the exchange (NYSE, Nasdaq) can stop trading until market makers balance the market and that might be at a significantly higher or lower price than when trading was halted...

[Littlebear]

I couldn't log into Schwab on those busy RH squeeze mornings....

[kscarrol]

While Litllebear’s issue logging is not the same as stopping/limiting trades it highlights a system overwhelmed by the numbers trades that folks are trying to execute.

[antzcrashing]

Originally Posted by M FUELED

So you might get screwed no matter what brokerage you have your investments in is what you're saying?

I've gone over double on my portfolio with most of the profits coming from doge alone but with everyone doubting RH, I'm wanting to switch it over to another brokerage, just don't n is where to go

Ok so I did some research myself recently and here is what I found. TD Ameritrade and Fidelity are two well featured brokerage options that have decent mobile apps. I started with Fidelity and wasn't a big fan, and now have TD. So far seems nearly as simple to use and almost as clean a UI as RH, but a bit more busy of screens, however there is considerably more data available, so it is a good alternative. I plan to keep RH for my YOLO stocks, and TD for my investments and long positions. I also hear that interactive brokers is good, but I have no personal experience with it.

[iminhell1]

GME holdouts LMAO

[TheFanatic]

Originally Posted by iminhell1

GME holdouts LMAO

holy hell! those people who bought early are loving that! I'm happy with 2% monthly gains I want one of these someday

[antzcrashing]

Originally Posted by iminhell1

GME holdouts LMAO

Robinhood removed restrictions to both GME and AMC. I believe there are no limits at all. That means enthusiasts with big cash can buy in big time. Today could be interesting. Chances are it will still emd down on the day thou based on the last few days

[iminhell1]

Originally Posted by antzcrashing

Robinhood removed restrictions to both GME and AMC. I believe there are no limits at all. That means enthusiasts with big cash can buy in big time. Today could be interesting. Chances are it will still emd down on the day thou based on the last few days

They where free to sell, and did.
Don't kid yourself. The poors aren't going to make a dent in the (I believe it was) 23 Billion in short sales.

[Cyberdemon]

Originally Posted by antzcrashing

Robinhood removed restrictions to both GME and AMC. I believe there are no limits at all. That means enthusiasts with big cash can buy in big time. Today could be interesting. Chances are it will still emd down on the day thou based on the last few days

I'm not sure the RH limitations is what was keeping people out at this point. I think the momentum got completely lost, too many people became disinterested or left as bag holders when they bought in at $300.

Now if RH had allowed the floodgates to stay open last week I think this week would've shaken up differently given where we left off on Friday.

I will be delighted to be proven wrong on this one but I think everyone who pulled their funds and planned to redeposit them is going to sit and think long and hard about that decision after this week - and either wait for a new "Bottom" to appear or just move on.

[iminhell1]

Just reading through chatter and trying to figure out how this works ... looks like they group pick some mid $2 stock, pump it up to about $12 and then dump it all.

I've seen a few today. I bought into one that was up premarket and by the time I seen it grow, it fell faster. I couldn't get out and now I'm down and hoping/holding.
Seen a few freezes on things.

I'd really like to know what they use to trade, has to be something with no trade fees and no limitations ... I want that. F RH.

[antzcrashing]

Originally Posted by iminhell1

They where free to sell, and did.
Don't kid yourself. The poors aren't going to make a dent in the (I believe it was) 23 Billion in short sales.

Some hedge funds got absolutely rocked, don't kid yourself

https://finance.yahoo.com/news/cohen...022818276.html

https://www.reuters.com/article/inst.../idUSKBN2A51YX

Who will win the long game? The hedge funds on average and in a big way. Doesn't mean the game didn't work. What's worse some kids that lost money that they could afford to lose or hedge funds who answer to a board of directors losing billions in capital? Of course there are kids that lost big money, and hedges that will net win, but its not all as one sided as you make it out.

There's a few possible positive outcomes from this

- some young people get into trading and go from risky bets to stable bets which grow income

- robinhood and other brokerages learn via SEC or via market forces that they can't play certain games

- hedge funds have some real legitimate fear about taking on short positions that are up to and over 100 percent of float value of a stock. What's this do, keeps the short positions lower and reduces the implied momentum downward for these companies that might otherwise survive

[P1]

Article on this hedge fund who made a tidy $700M off GameStop. Good for them!

https://www.wsj.com/articles/this-he...op-11612390687