Economy stonks v14, brokergate

MMAisGod said:
My AMD rant is personal, but even Starbucks is on the list lol. I mean, Starbucks? NAKD or EXPR or whatever I get it, but Starbucks that's a good laugh.
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i dunno. i know webull's clearing house (or dtc?) changed the collateral requirements, too.

so tl;dr - the clearing houses squeezed the brokers. the brokers that were either cash strapped or just had so much volume (rh) that they needed to get loans to have enough $ to advance everyone's shares.

(shares take ~2 business days to transfer. with margin accounts, brokers generally just advance this for everyone to expedite. ie: why you can day trade with margin)
 
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rob mafia said:
edit: which is why i find it odd that shares are restricted this hard, but options are unrestricted or their limitations are like 10 contracts (ie: represents 1000 shares)
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Now it makes even less sense unless they are thinking most people are just going to click the first button as "buy shares", see a 1, and give up. If that's not the thought process then I don't understand it at all.
 
MMAisGod said:
Now it makes even less sense unless they are thinking most people are just going to click the first button as "buy shares", see a 1, and give up. If that's not the thought process then I don't understand it at all.
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i mean 1 share is 0 too many, myself included. i can't do shit with 1 share. what, buy a share/day so i can sell a call in 4 months?
 
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rob mafia said:
updated wtf list


Are there limits to increasing my existing positions?
Yes. The table below shows the maximum number of shares and options contracts to which you can increase your positions. Please note that these are aggregate limits for each security and not per-order limits, and include shares and options contracts that you already hold. These limits may be subject to change throughout the day.



Symbol Shares Options contracts
AAL 1 10
ACB 1 Standard limits apply
AG 1 Standard limits apply
AMC 1 10
AMD 1 Standard limits apply
BB 1 10
BBBY 1 10
BYDDY 1 N/A
BYND 1 Standard limits apply
CCIV 1 Standard limits apply
CLOV 1 Standard limits apply
CRIS 1 Standard limits apply
CTRM 5 N/A
EXPR 5 10
EZGO 5 N/A
GM 1 Standard limits apply
GME 1 5
GTE 5 Standard limits apply
HIMS 1 Standard limits apply
INO 1 Standard limits apply
IPOE 1 Standard limits apply
IPOF 1 Standard limits apply
JAGX 5 Standard limits apply
KOSS 1 N/A
LLIT 5 N/A
MRNA 1 Standard limits apply
MUX 5 Standard limits apply
NAKD 5 N/A
NCTY 1 Standard limits apply
NOK 5 10
NVAX 1 Standard limits apply
OPEN 1 Standard limits apply
RKT 1 Standard limits apply
RLX 1 Standard limits apply
RYCEY 5 Standard limits apply
SBUX 1 Standard limits apply
SHLS 1 N/A
SIEB 1 Standard limits apply
SLV 1 Standard limits apply
SNDL 5 10
SOXL 1 Standard limits apply
SRNE 1 Standard limits apply
STPK 1 Standard limits apply
TGC 5 N/A
TIRX 1 N/A
TR 1 10
TRVG 5 10
TRXC 5 Standard limits apply
WKHS 1 Standard limits apply
XM 1 Standard limits apply
ZOM 5 N/A



it's like 50 stocks.

no idea why shares are more problematic for them than options...
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This is the most insane shit I've ever seen in my career trading stock. Breaks my heart how rigged the market can be. Robinhood is in bed with Wallstreet and they aren't even hiding it.
DO not give up the fight. Disgusting
 
rob mafia said:
updated wtf list


Are there limits to increasing my existing positions?
Yes. The table below shows the maximum number of shares and options contracts to which you can increase your positions. Please note that these are aggregate limits for each security and not per-order limits, and include shares and options contracts that you already hold. These limits may be subject to change throughout the day.



Symbol Shares Options contracts
AAL 1 10
ACB 1 Standard limits apply
AG 1 Standard limits apply
AMC 1 10
AMD 1 Standard limits apply
BB 1 10
BBBY 1 10
BYDDY 1 N/A
BYND 1 Standard limits apply
CCIV 1 Standard limits apply
CLOV 1 Standard limits apply
CRIS 1 Standard limits apply
CTRM 5 N/A
EXPR 5 10
EZGO 5 N/A
GM 1 Standard limits apply
GME 1 5
GTE 5 Standard limits apply
HIMS 1 Standard limits apply
INO 1 Standard limits apply
IPOE 1 Standard limits apply
IPOF 1 Standard limits apply
JAGX 5 Standard limits apply
KOSS 1 N/A
LLIT 5 N/A
MRNA 1 Standard limits apply
MUX 5 Standard limits apply
NAKD 5 N/A
NCTY 1 Standard limits apply
NOK 5 10
NVAX 1 Standard limits apply
OPEN 1 Standard limits apply
RKT 1 Standard limits apply
RLX 1 Standard limits apply
RYCEY 5 Standard limits apply
SBUX 1 Standard limits apply
SHLS 1 N/A
SIEB 1 Standard limits apply
SLV 1 Standard limits apply
SNDL 5 10
SOXL 1 Standard limits apply
SRNE 1 Standard limits apply
STPK 1 Standard limits apply
TGC 5 N/A
TIRX 1 N/A
TR 1 10
TRVG 5 10
TRXC 5 Standard limits apply
WKHS 1 Standard limits apply
XM 1 Standard limits apply
ZOM 5 N/A



it's like 50 stocks.

no idea why shares are more problematic for them than options...
Click to expand...
So this shit is rigged.

trump was right.

https://money.cnn.com/2016/06/22/news/economy/donald-trump-rigged-economy/
 
@rob mafia Did you say you used Tastyworks? How does it compare with your other accounts?
 
rob mafia said:
lolz

i've taken rh's list and basically bought things on it just because.

sndl went from 1200 limit this morning to 600 to.... apparently 5.

it trades at like .80

they're limiting this to a whole $4. hahahahahahhahaa
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Holy crap you're not kidding. I have a RH account I opened awhile back to check it out with like $500 in it. I just went in and tried to buy SNDL and yep, 5 share limit wtf.

Are they this undercapitalized? What are the odds that TD or someone buys them? The interface is great (even though I almost never use it) but are they way over their skis or what? I have almost nothing at risk but people with big portfolios...

I guess they're insured up to half a million anyway but still, this is weird.
 
Proud American said:
So this shit is rigged.

trump was right.

https://money.cnn.com/2016/06/22/news/economy/donald-trump-rigged-economy/
Click to expand...

Gas121 said:
This is the most insane shit I've ever seen in my career trading stock. Breaks my heart how rigged the market can be. Robinhood is in bed with Wallstreet and they aren't even hiding it.
DO not give up the fight. Disgusting
Click to expand...

maybe. kinda. but if so, it's on citadel's end and not really robinhood's. it sounds like robinhood's being squeezed by their closing house (who i think is citadel)

webull's ceo explains a lot of this in the youtube video i linked, (the interview was last night, before the shitstorm multiplied today). webull, rh, tda, and others were basically squeezed.



i listened to half of this, and it's pretty relevant
 
rob mafia said:
maybe. kinda. but if so, it's on citadel's end and not really robinhood's. it sounds like robinhood's being squeezed by their closing house (who i think is citadel)

webull's ceo explains a lot of this in the youtube video i linked, (the interview was last night, before the shitstorm multiplied today). webull, rh, tda, and others were basically squeezed.



i listened to half of this, and it's pretty relevant
Click to expand...

The new press secretary’s brother is a major player at citadel.

treasury Secretary Yellen has been paid over 800K by Citadel.
 
G-19 said:
@rob mafia Did you say you used Tastyworks? How does it compare with your other accounts?
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nope. i'll probably open an account with them soon (this weekend?). their platform is great (it's basically tos 2.0 [they made thinkorswim] ). i just don't like their options fees. the fees are less bad for running 100 spreads or something, but ehh.

the irony is... if they had a small fee for stock trades and no fees for options, i'd probably use it.
 
lolz, and i got an email from ibkr...


Securities Subject to Special Requirements


Dear Client,

We are seeing unprecedented volatility in GME, AMC, BB, EXPR, KOSS and a small number of other U.S. securities that has forced us reduce the leverage previously offered to these securities and, in certain instances, limit trading to risk reducing transactions. IBKR currently has no restrictions on trading shares in those companies, and customers can open or close positions in those shares. Like many other brokers, IBKR placed options on certain of those stocks in closing only earlier this week. The plan is to lift those restrictions in an orderly manner while closely monitoring market conditions. To be clear, IBKR has not restricted clients’ ability to close existing positions in any of the U.S. securities subject to market volatility, and does not plan to do so.
 
rob mafia said:
lolz, and i got an email from ibkr...


Securities Subject to Special Requirements


Dear Client,

We are seeing unprecedented volatility in GME, AMC, BB, EXPR, KOSS and a small number of other U.S. securities that has forced us reduce the leverage previously offered to these securities and, in certain instances, limit trading to risk reducing transactions. IBKR currently has no restrictions on trading shares in those companies, and customers can open or close positions in those shares. Like many other brokers, IBKR placed options on certain of those stocks in closing only earlier this week. The plan is to lift those restrictions in an orderly manner while closely monitoring market conditions. To be clear, IBKR has not restricted clients’ ability to close existing positions in any of the U.S. securities subject to market volatility, and does not plan to do so.
Click to expand...
So they aren't allowing limits on buying shares of the stocks you had on that list earlier? I use Robinhood occasionally and just tried buying 50 shares of SLV and it looked like I would have been able too. I don't have the money transferred to my account from my bank to go through with the transaction, but it's not like Robinhood is explicitly telling me I can't buy 50 shares. I am not well versed in this shit, but am genuinely interested in what's happening now with what's happening now. As far as I can tell it seems like a lot of random people just pooled their money together to h yuh perinflate the stocks of GME, AMC, etc. and now the government wants to get involved and make it impossible for the little man to exploit this bullshit like they have been doing for decades. Am I correct?
 
rob mafia said:
nope. i'll probably open an account with them soon (this weekend?). their platform is great (it's basically tos 2.0 [they made thinkorswim] ). i just don't like their options fees. the fees are less bad for running 100 spreads or something, but ehh.

the irony is... if they had a small fee for stock trades and no fees for options, i'd probably use it.
Click to expand...
Let me know how it works out. You can never have to many platforms to buy stocks, due to outages and now some wont let you buy certain stocks.
 
rob mafia said:
nope. i'll probably open an account with them soon (this weekend?). their platform is great (it's basically tos 2.0 [they made thinkorswim] ). i just don't like their options fees. the fees are less bad for running 100 spreads or something, but ehh.

the irony is... if they had a small fee for stock trades and no fees for options, i'd probably use it.
Click to expand...
I was looking at their options fees today. The platform looks good. You’re right about spreads being cheaper but not by much. I loaded up some funds so we’ll see how it goes Monday. I have WeBull, TD, and RH right now but I’m going to be completely transferred out of RH by 2/20.
 
You're not getting $2000 or $1400 or $14 voucher at Olive Garden now.

You will use it to mess with rich people. We don't like that.

What will happen if they bailout wall street before they issue another stimulus check?
 
If they’re really broke they should just limit each person on total amount per day instead of specific stocks . Or am I missing something?

rob mafia said:
lolz, and i got an email from ibkr...


Securities Subject to Special Requirements


Dear Client,

We are seeing unprecedented volatility in GME, AMC, BB, EXPR, KOSS and a small number of other U.S. securities that has forced us reduce the leverage previously offered to these securities and, in certain instances, limit trading to risk reducing transactions. IBKR currently has no restrictions on trading shares in those companies, and customers can open or close positions in those shares. Like many other brokers, IBKR placed options on certain of those stocks in closing only earlier this week. The plan is to lift those restrictions in an orderly manner while closely monitoring market conditions. To be clear, IBKR has not restricted clients’ ability to close existing positions in any of the U.S. securities subject to market volatility, and does not plan to do so.
Click to expand...
 
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