Trading the stockmarket (NO Referrals)

413x · 27 Jan 2021 at 14:50

pioneer2000 said:
Can it though? It all hinges on what the price is come Friday isn't it?

If downward momentum takes hold. Would you buy? Knowing that this is going to happen at some point maybe today. Maybe next month. This is what always happens in crypto

booyaka · 27 Jan 2021 at 14:51

Nearly 400 million shares traded on AMC already inside the first 20 minutes

Martynt74 · 27 Jan 2021 at 14:51

Yeah, GME is dropping like a stone now.

Efour · 27 Jan 2021 at 14:52

413x said:
If downward momentum takes hold. Would you buy? Knowing that this is going to happen at some point maybe today. Maybe next month. This is what always happens in crypto

Won't they pick something else to play with?
Doing it twice would be investigated? Or worse.

Russinating · 27 Jan 2021 at 14:54

I find it shocking how easy it is to basically DDoS these huge global platforms, particularly IG.

Minusorange · 27 Jan 2021 at 14:54

413x said:
I kind of feel the same. The stocks world seems to have been immune from covid until now . Everything seems over priced and riddled with debt.

It hasn't been immune it has been propped up with $4 Trillion from the Fed in relief packages and everyone throwing their covid cheques into the markets because there's no point holding money in the bank with interest rates at near 0 and every "influencer" on instagram and facebook shilling how they put $300 in X and are up $30,000 and it's a sure win for everyone because stonks can't go down

413x · 27 Jan 2021 at 14:54

Efour said:
Won't they pick something else to play with?
Doing it twice would be investigated? Or worse.

This is exactly what happens on crypto. I've been playing with this.

I buy a repressed (against the market) coin.
And wait until it spikes, as some random coin get pumped every now and again.

I've started setting a limit (20 percent) once I gain this I trade back to cash. And pick another coin.

It's easier in crypto as smaller pool of options

booyaka · 27 Jan 2021 at 14:55

Looks like GME has been halted

arknor · 27 Jan 2021 at 14:55

Russinating said:
I find it shocking how easy it is to basically DDoS these huge global platforms, particularly IG.

is it really a ddos though or just everyone logging in at us market open and server being overloaded which is basically the same thing as a ddos.

no trading company came out and said they had been DDOS?

Martynt74 · 27 Jan 2021 at 14:56

AMC has popped down to $12 too.

Virgin Galactic is also down. I was probably a bit too eager with that one!

413x · 27 Jan 2021 at 14:56

arknor said:
is it really a ddos though or just everyone logging in at us market open and server being overloaded which is basically the same thing as a ddos.

no trading company came out and said they had been DDOS?

I think he means it's same effect as a ddos

Minusorange · 27 Jan 2021 at 14:57

lol WSB is dead now too

Skillmister · 27 Jan 2021 at 14:57

Martynt74 said:
Yeah, GME is dropping like a stone now.

Nothing it hasn't done loads already. Diamond hands until Friday

Martynt74 · 27 Jan 2021 at 14:58

Yeah, it's been good to play the dips and re-buy.

A 10% drop just looks worse now because of the numbers!

Gaygle · 27 Jan 2021 at 14:59

I saw in the news a couple of hours ago that Citron and Melvin had closed out their short position. That surely is going to have an effect on this GME trend isn't it?

arknor · 27 Jan 2021 at 14:59

413x said:
I think he means it's same effect as a ddos

yea but it's not the same thing, the post reads like the person thinks hedgefunds are buying DDOS attacks.

I saw in the news a couple of hours ago that Citron and Melvin had closed out their short position. That surely is going to have an effect on this GME trend isn't it?

someone in WSB discord was claiming if they close positions he stock would moon.

you never know with WSB though it';s basically a bunch of bees with no queen spamming tickers and trying to get rich off each other.

there's no mods people are spamming outright lies etc

booyaka · 27 Jan 2021 at 14:59

Insane - GME halted at 269, unhalted 5 minutes later rockets to 329

Mesai · 27 Jan 2021 at 15:00

Gaygle said:
I saw in the news a couple of hours ago that Citron and Melvin had closed out their short position. That surely is going to have an effect on this GME trend isn't it?

That was a lie, you can see it hasn't changed this morning.

Trusty · 27 Jan 2021 at 15:00

IG working for me with my MGI, JPM, XLF, Oil, Eni and Total SA positions.
Maybe its people who in the GME/BB/AMC stuff :confused:

Skillmister · 27 Jan 2021 at 15:01

Gaygle said:
I saw in the news a couple of hours ago that Citron and Melvin had closed out their short position. That surely is going to have an effect on this GME trend isn't it?

Melvins position was only 10% of float. Don't know what Citron was but likely a lot less. Short interest is still over 100% especially after 27m new shorts yesterday