Economy stonks v14, brokergate

Wadtucket said:
Wow, thanks! Good call @Wadtucket
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This sounds like it's directed at me so....


Wow thanks! Good call @Wadtucket
 
rob mafia said:
they don't care. all they want to do is grandstand and tax us. seriously. warren yesterday rambled about a "wealth tax," when asked about rh restricting tickers.

aoc and others are already suggesting transaction taxes as if it's a "fix" to short-sellers. they don't care about us/the markets. they just want to push an agenda and they're milking this for that purpose.

they equate trades with tons of money, as if everyone who sold a stock/option is a billionaire. or even a millionaire. they just want to tax us all even harder, via increased capital gains taxes and a % transaction tax. kamala and biden just advocated these a few months ago, before the election.

and toomey just rambled like a stereotypical boomer earlier today and made it clear he's against trading, period.
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same bullshit deflection tactics

like this lady when asked about GME
 
tonni said:
How so?
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The theory is, buy and hold and the hedge funds that have taken out shorts will eventually have to buy back from you, regardless of price. That's the theory. In reality, there's a pretty good chance you lose 99% of what you put in.
 
dirtypablo said:
The theory is, buy and hold and the hedge funds that have taken out shorts will eventually have to buy back from you, regardless of price. That's the theory. In reality, there's a pretty good chance you lose 99% of what you put in.
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How would I lose 99%?
 
So warren and the left are attacking Reddit and the investors. Watch out guys!



yep, Elizabeth warren, coming out to defend hedge funds. The absolute state of the left...:confused:
 
tonni said:
How would I lose 99%?
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Because when the price crashes back down to reality, it will be a mad dash to sell and those that are late will end up selling for a fraction of what it is now.

Now, people are saying on reddit that there are more shorts than actual shares, so no one is going to be left behind - I don't really believe that. I'm in on this and would be happy to make a little chunk of change, but also live in the real world and just don't believe that everyone who gets in is going to win.
 
dirtypablo said:
Because when the price crashes back down to reality, it will be a mad dash to sell and those that are late will end up selling for a fraction of what it is now.

Now, people are saying on reddit that there are more shorts than actual shares, so no one is going to be left behind - I don't really believe that. I'm in on this and would be happy to make a little chunk of change, but also live in the real world and just don't believe that everyone who gets in is going to win.
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What's your plan, then?
 
dirtypablo said:
The theory is, buy and hold and the hedge funds that have taken out shorts will eventually have to buy back from you, regardless of price. That's the theory. In reality, there's a pretty good chance you lose 99% of what you put in.
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the most noobie mistake is that you'll find a stock go up, buy in, and get shakey hands when it goes down the slightest and then it takes you out on a stop or you trade naked and cant take it anymore.................................................. <45>

I dont have the nerve to play stocks like GME, AMC, and the rest of the gamed stonks, however, you're not losing 99% until you get leveraged with options trading. Noobies probably wont get approved for margin, especially now when this is making big news.
 
Hadron90 said:
Just remember, interest payments are due for the shorts tomorrow, so they are going to do any illegal thing they can to depress the today. Its rocketing north now, but don't get cocky. It could dip back to double digits today. Just fucking hold. They have to have your shares eventually, meaning you get to dictate the price you want to sell at, not them.
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What's the worst case scenario here?
 
chardog said:
the most noobie mistake is that you'll find a stock go up, buy in, and get shakey hands when it goes down the slightest and then it takes you out on a stop or you trade naked and cant take it anymore.................................................. <45>

I dont have the nerve to play stocks like GME, AMC, and the rest of the gamed stonks, however, you're not losing 99% until you get leveraged with options trading. Noobies probably wont get approved for margin, especially now when this is making big news.
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I mean 99% of what you're putting in. I used 99% as hyperbole, but if you buy at ~300, and it crashes back to a realistic value of 5-10, you lost the vast majority of what you put in.
 
What else are you guys buying right now?
 
tonni said:
What else are you guys buying right now?
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Buying back SPY puts for April once it rebounds a lil bit

$373 April limit order 17.50 good for day, then flip again at around 20 if I can get some

This is not financial advice <OKC16>
 
tonni said:
What's your plan, then?
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I put in a sell order to sell if the price hits 2500 per share - I seriously doubt that will happen, but on the slim chance the price skyrockets once the squeeze starts I'll cash out immediately. If that doesn't happen, I am kind of leaving it up in the air. I'm currently up about double what I put in, but I'll be fine if I lose it all. If it spikes a little then starts crashing, I might just leave my money in. I make very good money and am okay losing it, especially given the chance me losing it means someone poor cleans up.
 
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