Trading the stockmarket (NO Referrals)

Some of the comments just doesn't seem genuine like: it's not the money but sending a message to these hedge funds. Yea right like who isn't in it for the money?
 
Closed at fraction over 90. Hopefully people haven't genuinely put life savings into this, suspect wsb will have some angry postings soon once people crystallize their losses.
 
Close your eyes. It's Friday, the sun is peaking through the curtains and you're eating your Weetabix with no worries on your mind. You're content.

You sold your GME shares at small loss at the start of the week as you continued to watch the share price plummet due to market manipulation. You got out, you survived.

It's 9:28am, you're returning from the school run. Your BMW 1 series seats make you feel safe and important. Your house, although small, is affordable and the mortgage repayments don't put too much pressure on your paper wallet.

Your phone goes off as you enter the house. You sit on the sofa and turn on NBC as you open Whatsapp. You have 17 unread messages.

Your eyes pan up, the news anchor is shouting. You read the title at the bottom of the screen - 'The Short Squeeze Is Happening". Jim Cramer is crying. You quickly open your Whatsapp group chat and only see dollar signs being spammed by your friends. You open Yahoo Finance and see the share price at 600.87, it's still rising. Your heart skips a beat. You open I-phone calculator and work out that your 17 shares would now be worth just over 10,000 US dollars. You feel sick.

The share price is still rising. You receive a call from your best friend Mickey, he's crying too. He's telling you about how you were right and he'll be able to pay off his student loan soon. Also his wife is pregnant. You congratulate him with a fickle grin and fake laugh. You look back down at your phone, 828.16. 830.00, 838.26.

WallStreetBets has crashed due to the traffic.

You realise everything you stood for is coming true, but you paper handed too soon.

You ignored the threads, the experts. You ignored DFV.

You ignored your god given right to a better life for you and your wifes boyfriend.

You try to buy back in, but you have no money. You begin to laugh, and laugh. Despair and anguish turn into humour.

You pull the Glock from your $16 AliExpress safe and load it. You hold it to your head, you shiver.

You don't pull the trigger. Your paper hands can't do it, and never will be able to do anything of any meaningful value. You drop the gun and admit defeat.

As the camera pans out of your window and over your neighborhood, we see Wall St burning in flames in the distance. The transfer of wealth begins, fade to black.
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:D:D
 
Apex said:
Isn't it. Is he smarter than us or more hopeufly or just truly going nuts in and seeing what happens? Or even faking it? I don't get it. Assume his millions are from this and this alone?
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He bought in back in like mid 2019 when it was trading around $4 go back through his post history he got absolutely roasted for it at the time.

This is well worth a watch if you've got an hour spare! https://youtu.be/GZTr1-Gp74U

He was in it originally for the fundamentals and seeing it as a possible 10 bagger not a 100+ bagger. In fact in that hour video I think he mentions the potential short squeeze for all of 30 seconds as a vague "what if".
 
Lyle44 said:
:eek: I hope thats money you can 'afford' to lose?

From previous experience, been burnt with shares before:
Either if there's enough profit sell to cover your initial investment or set a limit you'd be happy with and sell at that point (On the basis of something is better than nothing) just be prepared to not make mega £££
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Its far from ideal but I knew getting into it that it was a gamble, based on my own research, i thought there was a high probability it would surpass 500(my sale price). I held on too long after it didn't.

Its the first time in my life I’ve ever ‘gambled’ and I lost. The house always wins.

Invest long term.

I run a business and invest in private companies, I’ll stick to that in future, I like the control :)
 
kakarott said:
Some of the comments just doesn't seem genuine like: it's not the money but sending a message to these hedge funds. Yea right like who isn't in it for the money?
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yea it's okay if your at a loss as long as you hold! it's hurting the hedge funds more than you (lol really doubt it tbh)
then theres the AMC isn't a bad stock it's a good long term hold :S

seriously? there are way better covid recovery options.

we should get out own ticker and spam it on the discords :p

I'm Bullish on PRSM but if anyone knows of a ticker that looks better in an image?
if not we could just spam this
TDXP9D6.jpg

Some of you already hold PRSM anyway right?

Okay it's not massive gains like some might make on a pump and dump, but I bet all the people that got burned on GME/AMC/NOK/BB are up for something that looks a pretty safe bet
 
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Indeed, the 'house' in this case being RH et al. It would be nice to see them pay for this but the T&C's will be concrete, the institutions don't like to lose.
 
If he took his initial investment out, and he's just playing with the profit, then I'd probs leave it there as well, its all free money...
Be damned tempting to pull out when you're in the mills though..
 
The final red flag (amongst so many) was retail demand effectively being cut off by kiddy pool zero commisson brokerages days ago.

At this point continuing to hold is just brainworms. I sincerely hope none of you lot got seriously burned by this.

Here's a fun question from the CFA exam :)

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2 hours after the market closes and we're seeing over 1m in trades, watch it drop more overnight to get the panic to settle in more...
 
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