• Xenforo is upgrading us to version 2.3.7 on Tuesday Aug 19, 2025 at 01:00 AM BST (date has been pushed). This upgrade includes several security fixes among other improvements. Expect a temporary downtime during this process. More info here

Economy stonks v27: banks, the kings of vega

Rob's briefly reanimated corpse is dead again, it appears. Like a zombie that gets killed all over again.

giphy.gif
 
So robinhood gold is dog shit.

Got a good amount of money in there gaining 4.65%.

Also playing some short term trades with like 3% of my portfolio.

I got labeled a pdt and they immediately shut off my interest on my account. The entire account. Despite 97% still being in cash. Will be leaving them officially... again tom
 
rob mafia said:
what a shit take.

i made a joke about being 10 years late on a game that was promoted in the free thread years ago and promoted at least twice, by madmick, himself, in the ps+ thread and game subscription thread.

as usual, he flew off the handle, talked shit, banned me from that thread... then ninja deleted the posts. i was then banned for posting in the intel thread (arrow lake to be fabbed at tsmc) - which a certain mod (gee, i wonder who?) ninja deleted 3 times. i took a screenshot of the 3rd...

and as typical for this mod, i didn't even get a PM with any kind of infraction reason/post/anything. which is unsurprising, given that he was deleting posts in the 'why was my post deleted' support thread and etc. and banned brackis for mentioning a city. which is apparently doxxing.

lolz @ me having a hot head.


the accusation: "this games old, this threads dumb your all idiots and wasting time".

the reality: "this game was free on ps+ for the ps3 like 10 years ago. and on steam, sometime. where have you guys been?"


https://www.memesmonkey.com/images/memesmonkey/a4/a4e719027c98b009e8f624e5ade15ad3.jpeg
Click to expand...
Wow that was shorted lived. Can't say I'm surprised. The whole victim card never really works
 
Last edited:
HOLA said:
Oh shit...I really missed some good shit this morning...

I just bought SCHW at $53.30, down over 9% today (34% in the last month). But it was actually as low as $45 this morning!

I made some money off SCHW a few years ago but sold way too early. Saw the price skyrocket to close to $100 shortly after (more than double what I sold it for). Made me ultra butthurt. Hurray for 2nd chances.
Click to expand...
$66.01
HOLA said:
I've really been taking a look at regional banks, since all this malarkey has been going down, and I finally purchased one: East West Bancorp EWBC.

It's kind of an unusual one. It was built in the 1970's to specifically cater to the Chinese-American immigrant community in California. Even though they are an American bank, they actually also have a license in China, with a small handful of locations there. 120 or so locations overall, $6 billion market cap.

In at $47.7.
Click to expand...
$60.59.

<20>

Like shooting fish in a barrel with these two.
 
HOLA said:
My Posco up 40% YTD now. 28% in just the last month. Up well over 100% since Sept 30th of last year.

Not just a boring low-growth steel producer anymore. They've just started a whole bunch of new business segments.

920293-16431400358588178.png
Click to expand...
And…sold!

What a ride this one was!

Bought in Dec 21 to March 22, with a $60.41 average cost per-share. Sank down to $36 by Sept 22. It was trading at like 3 times earnings. Truly perplexing. July 11th it hit $77. Sold today at $96.83. It was up 18.5% in just the last 5 days.

I’m too lazy to break out the calculator right now but that’s like a 60% gain or so. Add in the dividends and it’s pushing 70% In about 1.5 years.

 
kahiljabroni said:
So robinhood gold is dog shit.

Got a good amount of money in there gaining 4.65%.

Also playing some short term trades with like 3% of my portfolio.

I got labeled a pdt and they immediately shut off my interest on my account. The entire account. Despite 97% still being in cash. Will be leaving them officially... again tom
Click to expand...
RH is shit, but I’m pretty sure PDT is a universal thing, regardless of your broker.


“What Is a Pattern Day Trader (PDT)?
A pattern day trader (PDT) is a regulatory designation for those traders or investors who execute four or more day trades over the span of five business days using a margin account. The number of day trades must constitute more than 6% of the margin account’s total trade activity during that five-business-day window.

If this occurs, the trader’s account will be flagged as a PDT by their broker. The PDT designation places certain restrictions on further trading; this designation is put in place to discourage investors from trading excessively.”
 
HOLA said:
RH is shit, but I’m pretty sure PDT is a universal thing, regardless of your broker.


“What Is a Pattern Day Trader (PDT)?
A pattern day trader (PDT) is a regulatory designation for those traders or investors who execute four or more day trades over the span of five business days using a margin account. The number of day trades must constitute more than 6% of the margin account’s total trade activity during that five-business-day window.

If this occurs, the trader’s account will be flagged as a PDT by their broker. The PDT designation places certain restrictions on further trading; this designation is put in place to discourage investors from trading excessively.”
Click to expand...

Unless you have a minimum of 25k in your account you're good. Just need to keep it above otherwise they'll be flagging it every time.
 
HOLA said:
And…sold!

What a ride this one was!

Bought in Dec 21 to March 22, with a $60.41 average cost per-share. Sank down to $36 by Sept 22. It was trading at like 3 times earnings. Truly perplexing. July 11th it hit $77. Sold today at $96.83. It was up 18.5% in just the last 5 days.

I’m too lazy to break out the calculator right now but that’s like a 60% gain or so. Add in the dividends and it’s pushing 70% In about 1.5 years.

Click to expand...

Nice. Just shows the market isn't always right and with conviction this can play out by the power of buy and hold, averaging down. I was chatting to a friend today who bought ARK and was down 60%, but DCA'd all the way through and have broken even again on this dumpster lol.

Our biggest mistakes is usually selling to early or giving up on it. I mostly swing trade and got spooked last year, and sold to early despite some nice entry points but I didn't have the guts to hold through the turbulence.. The market tested my patience and the sentiment was so negative I capitulated on some long positions (big mistake). Missed some pretty hefty gains which does still leave a bitter taste but that's the way it goes. Selling $META at $150 with an average of $160 was a crime looking back lulz.
 
HOLA said:
RH is shit, but I’m pretty sure PDT is a universal thing, regardless of your broker.


“What Is a Pattern Day Trader (PDT)?
A pattern day trader (PDT) is a regulatory designation for those traders or investors who execute four or more day trades over the span of five business days using a margin account. The number of day trades must constitute more than 6% of the margin account’s total trade activity during that five-business-day window.

If this occurs, the trader’s account will be flagged as a PDT by their broker. The PDT designation places certain restrictions on further trading; this designation is put in place to discourage investors from trading excessively.”
Click to expand...


I know pdt is universal. I didn't know they'd cancel interest on my uninvested cash and take my accrued interest
 
Calls on $ALLY 2moro locked and loaded folks.
 
You must log in or register to reply here.

Latest posts

Forum statistics

Threads
1,270,930
Messages
57,690,941
Members
175,808
Latest member
Banana&Coffee

Share this page

Back
Top