Stock Trading -or- ReconSWS's Bane

[Flounder]

I hope everyone who was holding GME got out earlier this morning. That roller coaster is going downhill fast right now.

[bellicose]

I did not and ended up losing money. Going to have to use this as a learning experience.

[bellicose]

And it appears I shouldn't have panicked.

[The Inflicted]

I hope everyone who was holding GME got out earlier this morning. That roller coaster is going downhill fast right now.

Ahead of schedule, too. I thought Friday was the day those shorts come due.

[autococker04]

I’m holding tight, from what I understand a lot of the volatility right now is hedge funds selling shares back and forth to make it look like it’s moving more than it is.

[RuleOfSines]

Trading apps are locking retail investors out, in at least one case, they are allowed to SELL, but not BUY the affected stocks, forcing you to either hold, or sell to the hedge funds.

[The Inflicted]

Trading apps are locking retail investors out, in at least one case, they are allowed to SELL, but not BUY the affected stocks, forcing you to either hold, or sell to the hedge funds.

Cute.
in the meantime, GME has been recovering most of the way from this morning's dip.

[flyweightnate]

I had a coworker talking about the Retards WSB chatter regarding GSE, BB, and a few others... so I made $46 on BB on 5 minutes, then lost $36 of it before my stop loss triggered.

Insane.

This is why I play value funds almost exclusively with money that really matters (i.e. 401k and Roth).

[Axel]

In case anyone is wondering, Redditors on wallstreetbets refer to themselves, tongue-in-cheek, as "Retards" when they post about making ridiculous trades

[flyweightnate]

Yes, thank you for explaining. I probably should have.

[gabe]

Pro tip: don't buy meme stocks but take advantage of the increased volatility to sell covered calls or cash secured puts against them for insane premiums right now. I sold 2x contracts of SPCE CSP's yesterday for $500 each a month out.

[autococker04]

For sure, I’ll leave the investing to the pros. It’s fun to gamble on stuff you’ve heard of though.

[Axel]

I fear the Redditors have finally gotten the attention that's going to attract regulation from the SEC that your average retail investor will not like. But we shall see.

[Siress]

I fear the Redditors have finally gotten the attention that's going to attract regulation from the SEC that your average retail investor will not like. But we shall see.

Yeah, the attention is very high... I don't know what sort of regulation they could impose...

"Hedge funds, data companies tracking WallStreetBets' tickers closely - Business Insider" https://www.businessinsider.com/hedg...rt-yolo-2021-1

[gabe]

Brokerages or the SEC could limit the market cap of stocks retail investors can invest in, limit margin for retail investors, limit options trades available, control/regulate online chatter....a whole host of things. If you knew how regulated retail investing already is compared to what instruments institutional investors have access to it would blow your mind.

[ford]

My bank account is not large enough to trade in the free market.

the GME event has been illuminating to say the least.

[RuleOfSines]

Supposedy RobinHood is now selling some of their customers positions without providing any opportunity to stop it

[autococker04]

I believe (hope) this is only for those bought on margins.

[bellicose]

What are some of the index funds you guys use?

[Boddah2]

I bought back in to AMC this morning and express. Lost my gains from BB the day before. Hoping things go straight up tomorrow morning


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