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Economy stonks v14, brokergate

Just lol at my stake app it has been unavailable the whole day. Like wtf this is garbage.
 
tonni said:
I get it, but how do you go about making money off it? Just selling at the right time?
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Long term, yes -- they have historical year over year gain + many offer dividends. However, Im not sure what the Belgium - US tax treaty is and whether or not you guys can invest using TSFA, so the withholdings will ding your profits.
 
You guys are talking WAY above @tonni 's level here. He's a smart dude, but absolutely knows NOTHING about this stuff.

Tonni, only invest an amount that won't really hurt you if you were to literally lose every dime of it. That won't happen unless you chuck it all into silly spec penny stocks that are at risk for going under and the stock going to zero. But you should still only put in an amount that you absolutely don't need.

I'm really between your level and most of these guys in terms of knowledge. I have a ton of exposure to the stock market, but it's almost entirely in mutual funds (which are funds that have tiny amounts of tons of different stocks--the idea being that if one or two stocks do poorly, you don't get killed--it's instant diversity). They have funds that have all sorts of other types of investments too, but you're focused on stocks so that's the easiest way to explain it.

For individual stocks--I do have a couple of accounts with some that I mess around with for fun. For me it's a meaningless amount of money, a few thousand dollars. I honestly sometimes forget what I even own in them when I get busy with other stuff. I've never jumped into these threads until now because this huge squeeze on the hedge funds with GME is super interesting. If you're going to buy stocks and let's say put in a few hundred bucks, it sounds like you're trying to have a little fun and possibly make a little money. GME...the stock's "real value" based on the company's financials and business prospects is probably somewhere between maybe $10-$20 I imagine? (Someone more knowledgeable about it could better tell you but I think it's a good guess). The price is plummeting right now, could be for a variety of reasons but if it's because people are wavering and don't have "diamond hands" like they said, you're going to do what's called "catch a falling knife" I believe. You'll buy now seeing how the price has dropped thinking it must go back up, and it keeps dropping as all the people who have been preaching to hold it sell off to take their profits (or to not lose their own shirts). You are buying and putting your faith in that all those people saying they will not sell, well, will not sell. How much do you trust that? Because you aren't buying the company AT ALL, just the stock. A stock caught in a tug of war.

This became a novel, sorry. My very very amateur opinion (not financial advice at all, none of this): Do a little research on a few companies in an industry you know something about. You like weed? Take a peek at some of those companies. If you're gonna put in say $300, find 3 companies in different industries so you're not all in on one thing. Buy $100 of each and see how they do. If you make some gains and your account gets to say $400 (I'm just throwing out numbers, I have no clue what you plan to put in), sell a bit of each and buy $100 of something else and now you have 4 stocks, etc.

That's all I got man. This may have been absolutely zero help, but I'm fucking trying haha.
 
Hold the fucking line.

Manipulation for sure. The fat boys in white shirts are sweating and trying all the tricks in the book. They know their days numbered. Do not cave. Hold!
 
mkess101 said:
You guys are talking WAY above @tonni 's level here. He's a smart dude, but absolutely knows NOTHING about this stuff.

Tonni, only invest an amount that won't really hurt you if you were to literally lose every dime of it. That won't happen unless you chuck it all into silly spec penny stocks that are at risk for going under and the stock going to zero. But you should still only put in an amount that you absolutely don't need.

I'm really between your level and most of these guys in terms of knowledge. I have a ton of exposure to the stock market, but it's almost entirely in mutual funds (which are funds that have tiny amounts of tons of different stocks--the idea being that if one or two stocks do poorly, you don't get killed--it's instant diversity). They have funds that have all sorts of other types of investments too, but you're focused on stocks so that's the easiest way to explain it.

For individual stocks--I do have a couple of accounts with some that I mess around with for fun. For me it's a meaningless amount of money, a few thousand dollars. I honestly sometimes forget what I even own in them when I get busy with other stuff. I've never jumped into these threads until now because this huge squeeze on the hedge funds with GME is super interesting. If you're going to buy stocks and let's say put in a few hundred bucks, it sounds like you're trying to have a little fun and possibly make a little money. GME...the stock's "real value" based on the company's financials and business prospects is probably somewhere between maybe $10-$20 I imagine? (Someone more knowledgeable about it could better tell you but I think it's a good guess). The price is plummeting right now, could be for a variety of reasons but if it's because people are wavering and don't have "diamond hands" like they said, you're going to do what's called "catch a falling knife" I believe. You'll buy now seeing how the price has dropped thinking it must go back up, and it keeps dropping as all the people who have been preaching to hold it sell off to take their profits (or to not lose their own shirts). You are buying and putting your faith in that all those people saying they will not sell, well, will not sell. How much do you trust that? Because you aren't buying the company AT ALL, just the stock. A stock caught in a tug of war.

This became a novel, sorry. My very very amateur opinion (not financial advice at all, none of this): Do a little research on a few companies in an industry you know something about. You like weed? Take a peek at some of those companies. If you're gonna put in say $300, find 3 companies in different industries so you're not all in on one thing. Buy $100 of each and see how they do. If you make some gains and your account gets to say $400 (I'm just throwing out numbers, I have no clue what you plan to put in), sell a bit of each and buy $100 of something else and now you have 4 stocks, etc.

That's all I got man. This may have been absolutely zero help, but I'm fucking trying haha.
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That was actually really helpful!

I would do the same thing as I did with texas hold em; only play with money I don't need.

I don't have a lot more to add than that I will keep your post in mind.
 
tonni said:
That was actually really helpful!

I would do the same thing as I did with texas hold em; only play with money I don't need.

I don't have a lot more to add than that I will keep your post in mind.
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Thats is how trading is done, never go full yolo and use money that you need for other things.
Poker is a lot more vioatile so if you are able to manage that should be able to do basic trading.
 
tonni said:
That was actually really helpful!

I would do the same thing as I did with texas hold em; only play with money I don't need.

I don't have a lot more to add than that I will keep your post in mind.
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I prefer roulette in my comparison. The thing is, some times you know where the ball is going to fall before the wheel even starts spinning. Damn I really want to play roulette now.
 
tonni said:
I used to play poker so I know how percentages build up. 20% seems like a lot to me. How do you go about it? Just invest in blue chips then?
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not necessarily, it doesnt have to be blue chips. I have a list of stocks I'm willing to trade because they have good cash, fundamentals, and market cap. I dont play with anything under $20, mid to large market capital, stuff that is fairly safe to bag hold if it goes south. Just patiently hold/grow, and if the stock loses more than 8% or not performing well, I may cut my losses and add to the winners. nothing really drastic.

on the top of my head, I've got shares with SQ, INTU, AAPL, CARR, TSLA (just for fun, small position), and a few others. They're not doing well today, and one of our traders has decided to bag hold and ride it out, my wife is on the fence and thinking about selling some and I'm more on the bag hold. even if it does go down, I think it'll be progressive and I'll have another chance to exit
 
there's literally no volume in GME at all. Everyone is in wait mode.
 
Revolver said:
there's literally no volume in GME at all. Everyone is in wait mode.
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Is that why it was bouncing around so much over the past 45 minutes to an hour? I was watching the price just for fun, it went from $315 down to $260 bounced back up to $305 and now $290ish. I don't understand the movement like you guys...does low volume mean more volatility and swings like this I assume? Or no?
 
mkess101 said:
Is that why it was bouncing around so much over the past 45 minutes to an hour? I was watching the price just for fun, it went from $315 down to $260 bounced back up to $305 and now $290ish. I don't understand the movement like you guys...does low volume mean more volatility and swings like this I assume? Or no?
Click to expand...

Low volume doesn't necessarily mean more volatility, but it means that volatility can be easier to induce. If 1000 people are trading stock and some of them are trading it at dumb prices, it affects what we see on the ticker much more than if 1,000,000 are trading the stock and those guys trade it at dumb prices.
 
Hadron90 said:
Low volume doesn't necessarily mean more volatility, but it means that volatility can be easier to induce. If 1000 people are trading stock and some of them are trading it at dumb prices, it affects what we see on the ticker much more than if 1,000,000 are trading the stock and those guys trade it at dumb prices.
Click to expand...

Cool, makes perfect sense. Thanks!
 
To the moon baby! Final hour, be strong, Citadel will tank GME. Don’t fall for it, buy more!
 
Damn etrade just blocked i think
 
Wadtucket said:
RH is in shambles, get out while you can if you are in it
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I never realized just how hard it is to get out of these places. I had never withdrawn anything from RH before. The little free cash I had in there I moved to my Fidelity account today, and it looks like will be several days before RH moves that. Then any positions I liquidated today have to settle which is a couple days, and then a couple more days after that to move them. It takes basically an entire business week to move out on even your liquid investments.
 
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chardog said:
same bullshit deflection tactics

like this lady when asked about GME
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Lmao. The best part of the Biden era is going to be watching progressives try to justify putting these people in power.
 
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