Trading the stockmarket (NO Referrals)

[mid_gen]

The almost complete lack of regulation of the financial services market is a catastrophe for the lower and middle classes. I don't know how anyone can think otherwise.

The middle classes are making absolute bank out of the markets.

Second, there's a staggering amount of regulation in financial services. I worked in financial regulatory reporting for a while, it's a good gig to get into, there's more and more regulation all the time and there's load of well-paid work putting the systems in place to do it. It's not perfect, but it's a whole lot better than it used to be. A huge amount of electronic scrutiny goes on, and people can and do get punished, when there is any wrong-doing.

Shorting the **** out of a doomed company is no more or less morally right than all these WSB lot YOLOing TSLA call options.....they're just people trading their opinions on a stock to make money.

No moral high ground whatsoever.

 

[booyaka]

Second, there's a staggering amount of regulation in financial services.

I'll second that - getting worse by the day/week as well.

 

[Hades]

Second, there's a staggering amount of regulation in financial services. I worked in financial regulatory reporting for a while, it's a good gig to get into, there's more and more regulation all the time and there's load of well-paid work putting the systems in place to do it. It's not perfect, but it's a whole lot better than it used to be. A huge amount of electronic scrutiny goes on, and people can and do get punished, when there is any wrong-doing.

Agree. Financial IT here and I estimate around 25% to 30% of my job is compliance, audit, external audit and various regulation related work.

 

[englishpremier]

Silver is up strongly this morning - I have read its a target for the WSB crowd now.. I still have a bit of Silver ETF in an old ISA.... Will be an interesting day.

You may have read it but it's nothing to do with WSB they aren't interested. Not sure where the media got that story from. Most of the silver posts on there are from new users/bots.

 

[fez]

Second, there's a staggering amount of regulation in financial services. I worked in financial regulatory reporting for a while, it's a good gig to get into, there's more and more regulation all the time and there's load of well-paid work putting the systems in place to do it. It's not perfect, but it's a whole lot better than it used to be. A huge amount of electronic scrutiny goes on, and people can and do get punished, when there is any wrong-doing.

I'm sure there are loads of rules and regulations but if the regulations don't lead to sufficient punishment when they are broken then there is little point to them. When there is so little danger to the individuals involved in investment banking there is not enough of a deterrent. In the US post 2008 apparently only a single senior banker ended up in jail and that was a 30 month sentence. Christ, if someone wanted to give me a few millions I would happily go to jail for a year and a half.

Shorting the **** out of a doomed company is no more or less morally right than all these WSB lot YOLOing TSLA call options.....they're just people trading their opinions on a stock to make money.

No moral high ground whatsoever.

Why is gamestop doomed? It was a failing bricks and mortar shop that had an injection of cash and was under new management who are trying to bring it up to date and make it competitive again. Shorting the **** out of a company is a pretty good way to manipulate the value of a company and make sure that your "prediction" comes to pass.

Its school yard politics.

"Why doesn't X have any friends"
"Oh the cool kids have decided they don't like them"

 

[Trig]

See GME took a nose dive there for about 10 minutes, back on the up now though..

 

[Minusorange]

Nice of WSB to try but silver market would require global movement I guess, lots of supply not too similar to massive shorts of GME.

Except they're not going for Silver, just look at the reddit nobody saying silver apart from warning against buying it because it's a distraction by whoever is currently manipulating it

You see this?

https://www.tmz.com/2021/01/31/plane-flies-over-robinhood-hq-with-suck-my-nuts-banner-san-francisco/

Pretty crazy, there's a tonne of WSB folk buying billboards to promote GME as well although I'm pretty sure that's bordering on the line between illegal & legal ?

 

[Casdawer]

T212 down again... FML

 

[Martynt74]

AMC is flying!

 

[uncle_rufus]

T212 down again... FML

Of course it is... why are people even still surprised? lol

 

[kakarott]

T212 up again, well the app is.

 

[Trig]

The app might be, GME isn't, back down to the $250's..

 

[kakarott]

Dipping under $280. Feel like a mug buying at $335 last week.

 

[Jono8]

going down quick now.

I have no idea whether to buy into this or not .

 

[MrKnifey]

Dropped a bit then

 

[unwashed potato!]

going down quick now.

I have no idea whether to buy into this or not .

every time it gets down i regret not buying. it (so far) has always fairly quickly recovered, even when it hit as low as 130 from 470 just hour before

 

[MrKnifey]

HL Just says pending on my AMC and Gamestop stocks buying now

 

[Diddums]

whats that a modern day 2014 crypto exchange‍

It's pretty much what it is. I am seeing a LOT of similarities with the Crypro rush from the early 2010s. The fact that the share price at this point is completely disconnected from the company they're related to doesn't help matters, it may as well be named "LuckShares™" and removed from Gamestop altogether.

There are going to be a lake full of tears from this whole saga, mark my words.

 

[cu3ed]

HL Just says pending on my AMC and Gamestop stocks buying now

Same...frustrating isnt the word as I woudl take more AMC right now.
Actually stuck on "Submitted for dealing". Wonder if its jsut a huge influx of new poeple.

 

[Electroshadow]

I'm not sure if this would be dropping as much, if all the retail investors weren't being blocked or restricted...?