Trading the stockmarket (NO Referrals)

Minusorange · 28 Jan 2021 at 15:15

mid_gen said:
Circuit breakers are there for a reason. Without them the markets, especially with all the algos involved, can go berserk and end up with parties getting stuffed with insane margin calls and the whole lot coming crashing down.

Extreme volatility doesn't help anyone....it just creates panic.

Nothing to do with the breakers I understand they're needed although technically against free market ethos, it's stopping people from buying at all that is a problem from reports of users of robinhood

mid_gen · 28 Jan 2021 at 15:18

I should have just been happy with my BB gains yesterday! Nok drop has wiped out those gains. Might as well hold it now though for a while.

Rex-Kramer · 28 Jan 2021 at 15:22

Yep me too I’m down now ffs.

Rex-Kramer · 28 Jan 2021 at 15:22

Literally swings and roundabouts. May aswell just give up and spend the time on something else.

Glanza · 28 Jan 2021 at 15:22

uncle_rufus said:
GM... C? Uh oh

Basher said:
Really hope that was a typo

Martynt74 said:
Still up 2%

In other news. GME is at $450

Was indeed a typo

kakarott · 28 Jan 2021 at 15:24

Zuma said:
I bought 1.25 shares of GME cos I want to be part of the story (first ever stocks). It's money I can afford to lose, so not worried about cashing out as soon as possible. I just wanna stick it to the man.
I wonder how many others are in my position

Same mate, just a shame l ignored it 2 weeks ago bought yesterday.

StriderX · 28 Jan 2021 at 15:25

I keep getting the feeling that people have been duped into supporting one firm against another...

uncle_rufus · 28 Jan 2021 at 15:26

Some lol worthy replies in here since trading opened...

An hour ago:
"Yeah it's gambling but I'm good with it"

Now:
"WTF my gains wiped out how could this have possibly happened?!"

Sharkhouse · 28 Jan 2021 at 15:27

DanTheMan said:
Forgive my noobishness but why is it bad for certain hedge funds for these shares to increase in price so much?

I understand the concept of hedge funds and the logic behind this situation of inflating the share price to some extent but I don't know how it hurts 'the man'.

They have borrowed shares, immediately sold them and now need to give them back to their owners whilst the price is higher.
This is bad because what they borrowed at say $35 is now worth $350 meaning a loss of a magnitude of 10x.
What makes it extra bad is citron et al commulatively borrowed more stock than actually exists meaning they'll be compounding that x10 loss for every borrow they committed.
It's a bubble but it's one that really punches the financial institutions in the gut.

Rex-Kramer · 28 Jan 2021 at 15:30

uncle_rufus said:
Some lol worthy replies in here since trading opened...

An hour ago:
"Yeah it's gambling but I'm good with it"

Now:
"WTF my gains wiped out how could this have possibly happened?!"

Got no problem with not having the gains, just kicking myself for being greedy and not having the gains.

I love gambling you should see my grosvenor casino account it’s like a North African dictators bank account.

silversurfer · 28 Jan 2021 at 15:30

kakarott said:
Do you have to pay fees with them?

IGG make a lot of money afaik and give a good yield. Price has come down a lot recently as leaving EU puts them out in the cold in theory though I dont know why they cant operate a separate operation there.
Haven't read up a lot but the house always wins, I like them as a hold for reasons we are seeing here with high volatility comes great opportunity, greater trading volume lots of fees. They shouldn't be worse off for all this sudden interest in GME short squeeze, a pan boiling over has the same dynamics imo

I'm definitely not doing so well this week with FRES also down hard though I just want to focus on how is their value prospects, costs, margins, opposite to GME trade gamble. I'm already saturated for risk with BTC, useful site:

price volume here could suggest stop loss 300 to 320 area

kakarott · 28 Jan 2021 at 15:31

Anyone going in with koss?

booyaka · 28 Jan 2021 at 15:32

kakarott said:
Which means what exactly?

the difference between the buy price and the sell price is the margin. (spread) - that is where the broker makes their profit

kakarott · 28 Jan 2021 at 15:34

booyaka said:
the difference between the buy price and the sell price is the margin. (spread) - that is where the broker makes their profit

So they could take a huge chunk?

booyaka · 28 Jan 2021 at 15:35

kakarott said:
So they could take a huge chunk?

yes - in theory but normally very volatile shares will have a large spread on them, most "normal" shares/indexes will be fairly tight spreads.

Sharkhouse · 28 Jan 2021 at 15:35

englishpremier said:
This seems to be all out war now. With FT saying WSB is an alt-right organisation. Platforms banning the purchase of GME. WSB has grown again adding another 1m users. Can't wait to see what CNBC comes up with to attack the retail investor today.

regulus said:
Alt-right eh?
That old platitude being wheeled out. Next they'll be 'Nazis' and a hate group and then banned.

As someone that has been described as lib-scum and a ********* lefty. I'm very entertained at being labeled alt-right. How fun.

Simon · 28 Jan 2021 at 15:36

This thread has turned into reddit.

'Im down but i dont care about money i will hold forver'

This is going to end one way for 70% of people. Losing money.

booyaka · 28 Jan 2021 at 15:37

And I'm Out - been super fun and entertaining but GME for me has more downside now than up.

Volume is slowing down, I do worry that SEC will suspend the share which will be a tough one to deal with. It's pension money I was investing anyway so its for the longer term.

I'll re-invest into some funds and go back to the long game.....Made just over 35% in a day.

Sharkhouse · 28 Jan 2021 at 15:38

Simon said:
This thread has turned into reddit.

'Im down but i dont care about money i will hold forver'

This is going to end one way for 70% of people. Losing money.

Didn't you see the banner on the way in? This is WSB2.0 Chicken Tendies Bungalow.

Everyones here to watch their money burn away.

Martynt74 · 28 Jan 2021 at 15:39

Simon said:
This thread has turned into reddit.

'Im down but i dont care about money i will hold forver'

This is going to end one way for 70% of people. Losing money.

I guess it's now that everyone who's new to shares has seen the money bubble pop and getting out with all they can. Reddit seem to think it's people selling to move to other platforms that allow trades but i'm not so sure.

I'll admit my BB and NOK are both down around 20% (and dropping), luckily the GME profits are propping them up but i won't pretend i don't care!

Sharkhouse · 28 Jan 2021 at 15:39

booyaka said:
And I'm Out - been super fun and entertaining but GME for me has more downside now than up.

Volume is slowing down, I do worry that SEC will suspend the share which will be a tough one to deal with. It's pension money I was investing anyway so its for the longer term.

I'll re-invest into some funds and go back to the long game.....Made just over 35% in a day.

Wise. Long game is where it's at. Gonna make my kids wealthy even if I never get to be.