Economy stonks v14, brokergate

fordman7795 said:
Have a look at the mid morning chart yesterday. It was a straight free fall and lost ~70% in the matter of minutes. When WSB gives the sell signal, it’ll be worse.
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thats because Wall Street halted buying GME. Blatant manipulation and government is still on their side.
 
Ladder attack on GME right now. They’ll try to tank this the next 2 hours to panic sell.

Hold the line!
 
fordman7795 said:
Yep, I know. No buyers on a couple platforms - 70% free fall. No buyers on all platforms - ???
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Yep. Majority buying GME use apps. Not places like Vanguard.

Hopefully you’re not ok with blatant manipulation.
 
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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U usually hold onto those cause they are low risk, I am not that versed in trading as some older guys probably but usually quick profit isn't made of off these.
You can always make money selling at the right time, problem is knowing when the right time is, thats why good traders usually invest in things they actually know things about.
If you are well versed in gaming for example you probably know why companies gonna shoot up(new console release or something else that is hyped) or memes and cash out big like the GME guys.
You will make money but do not think it will be like these GME cases, it is more longterm and blue chip stocks usually are a safe bet since a company like apple will not extremely go down in value.
 
Is there a list of the hedge funds what are gonna get fucked by gamestop ?
 
brackis1 said:
lol you're an absolute moron.
Do you know what that measure of 70 billion is measuring?
THE AMOUNT SHORT ACROSS THE ENTIRE STOCK MARKET FOR THE YEAR ON IDEXES.
Guess what the market is up year to date as of this post? 1%, that number is literally 3x too big off todays market crash alone

I am up 1.5% today because of shorting via buying SDOW+SPXU+SRTY and double digits for the year on SPACs.

You are a toothless peasant in a field claiming to know how skyscraper design works.
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You lost $70 billion, but congrats on your 1.5% day. I'm happy for you.
 
fordman7795 said:
Have a look at the mid morning chart yesterday. It was a straight free fall and lost ~70% in the matter of minutes. When WSB gives the sell signal, it’ll be worse.
Click to expand...
That’s if you bought in at the absolute top and sold at the absolute bottom. To lose 99% is ridiculously unrealistic. I wouldn’t touch GME because sooner or later an event will happen that is going to burn people alive and I prefer to invest in healthy companies that give me a good risk reward ratio.
 
Proud American said:
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:
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If you weren't such a derp you'd have read this and realized she also was questioning the practice of shorting of GME in the first place. This isn't her attacking any specific group here. She's calling for more regulation across the board in this situation. Regulating this stuff has been her brand pretty much her whole career.
 
tonni said:
Do you actually make any money from buying/selling Apple stocks?
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absolutely, however, I'm not a super aggressive trader, I have a job, and I rely on a good bit of capital that compounds..... compounding money is boring, but it surely works. my main account grew from 40K in august, to 50K today. It's not as sexy as growing 1K a day from aggressive day traders, and it works more on percentages. If my yearly gains were 25%, in 4 years, I will more than double. I've been saving to buy some rental property, but prices are too high, so I started investing late 2017? I did lose like 25K, but now, I have figured out how to win a bit, and survived the pandemic, which gave me a bit of confidence.

if you're looking to get rich quick, there are some options traders here that can help, it's a little more complex style of trading, but you're working with leverage (100 dollar trade may act like 10,000 dollar trades), it can go up fast, but also go down fast. You can also do ETF trades which are pre leveraged, so it takes out the complexity.

I'm also lucky enough to play with big accounts for older people, and my wife and I trade them like I do mine. it's pretty mind blowing watching their accounts grow, because 10 to 20% of a million dollars is a big amount of money..... We have a small group of traders, like really small, and managing family accounts that have been burned by "professional" money managers, taking all their profits.
 
G-19 said:
That’s if you bought in at the absolute top and sold at the absolute bottom. To lose 99% is ridiculously unrealistic. I wouldn’t touch GME because sooner or later an event will happen that is going to burn people alive and I prefer to invest in healthy companies that give me a good risk reward ratio.
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The early investors who bought low are the least at risk. But the majority of redditors came in in the last few days and are paying $300 plus per share.
 
Gas121 said:
Buying the BB dip here.

Load the fucking wagon boyos.
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source.gif
 
fordman7795 said:
The early investors who bought low are the least at risk. But the majority of redditors came in in the last few days and are paying $300 plus per share.
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Yep, I was the one who said 99%, and I was using hyperbole to mean the vast majority. If you buy in 3 shares at 300 a piece, then the price crashes to 10 a piece, and you sell for 30 bucks what you paid 900 for, thats what I meant. No, not exactly 99% but the vast majority of your investment.

That said, I'm holding and buying more if it hits 250 or 200.
 
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chardog said:
absolutely, however, I'm not a super aggressive trader, I have a job, and I rely on a good bit of capital that compounds..... compounding money is boring, but it surely works. my main account grew from 40K in august, to 50K today. It's not as sexy as growing 1K a day from aggressive day traders, and it works more on percentages. If my yearly gains were 25%, in 4 years, I will more than double. I've been saving to buy some rental property, but prices are too high, so I started investing late 2017? I did lose like 25K, but now, I have figured out how to win a bit, and survived the pandemic, which gave me a bit of confidence.

if you're looking to get rich quick, there are some options traders here that can help, it's a little more complex style of trading, but you're working with leverage (100 dollar trade may act like 10,000 dollar trades), it can go up fast, but also go down fast. You can also do ETF trades which are pre leveraged, so it takes out the complexity.

I'm also lucky enough to play with big accounts for older people, and my wife and I trade them like I do mine. it's pretty mind blowing watching their accounts grow, because 10 to 20% of a million dollars is a big amount of money..... We have a small group of traders, like really small, and managing family accounts that have been burned by "professional" money managers, taking all their profits.
Click to expand...
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?
 
Damn $AAPL got to $130.25 and told myself if it got below $130 would buy more. Now its 132.25. I still think its got a shot to get there. One thing I have gotten better at with age in the Stock market is patience.
Gird your loins, Boys I think next week is going to be rough.

I think it will be that way, until they release Biden Bucks but if the COVID numbers trend down should help as well. I think when more people get the Gates Chip errr I mean the vaccine that should help as well.
 
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