Home | Community | Message Board

Original Seeds Store
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: Original Sensible Seeds Autoflowering Cannabis Seeds   Kraken Kratom Red Vein Kratom   North Spore North Spore Mushroom Grow Kits & Cultivation Supplies   PhytoExtractum Buy Bali Kratom Powder   Unfolding Nature Unfolding Nature: Being in the Implicate Order

Jump to first unread post Pages: < First | < Back | 165 | 166 | 167 | 168 | 169 | 170 | 171 | 172 | 173 | 174 | 175 | 176 | 177 | 178 | 179 | 180 | 181 | 182 | 183 | 184 | 185 | Next > | Last >
OfflineTripsurfer
Bring Back Asante!
Male


Registered: 08/01/12
Posts: 7,129
Loc: West of Windward Flag
Last seen: 3 months, 27 days
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
    #27175553 - 01/29/21 04:20 AM (2 years, 11 months ago)

Put about a thousand dollars in NAKD yesterday, some more in NOK

Was flying pretty high for a moment but down now. Compensated by selling some XLM

Today is going to be interesting


--------------------
Ach en wee ben ik de klos, met mijn boog schoot ik een albatros...

A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.



Extras: Filter Print Post Top
OfflineEnkidu
"No-Such-Person"
Male

Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Tripsurfer]
    #27175668 - 01/29/21 06:51 AM (2 years, 11 months ago)

Amc going strong pre market.

I read Zachs upgraded them to a buy with a target price of $20


--------------------
Within You , Without You


:mushroom2::levitate::mushroom2:


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 2 hours, 44 minutes
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
    #27175686 - 01/29/21 07:05 AM (2 years, 11 months ago)

Quote:

mick said:
just want to keep the money I’ve worked at, can always jump back in later! :smile:




This is one of the more important equalizing tools we (i.e. retail traders) have available.  With trading commissions largely a thing of the past, and relatively easy access to brokerages, not to mention smaller accounts, it's actually easier for us to be nimble with regard to getting into or out of positions compared to the big money guys.  I do want to temper that enthusiasm however, as active trading can take a mental toll, and if you aren't disciplined in your entries, you run the risk of running yourself ragged (and losing your shirt)... but if you have the time and discipline, being able to move quickly and without cost, is an advantage for the little guys.

On the high fliers, I did pick up a little bit of AMC this morning in the premarket again, @ $12.50.  Not going gangbusters by any means, but at the risk of joining the ranks of the self-proclaimed retards, YOLO. :tongue2:


PS.  Chief & Enkidu, I don't mind a little bit of ancillary discussion, but let's not get at each other's throats in here.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 2 hours, 44 minutes
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27175693 - 01/29/21 07:11 AM (2 years, 11 months ago)

An interesting anecdote from a veteran desk trader (ForexPro) on the StockMarketMentor forum regarding brokerage decisions to restrict trading in these short squeeze stocks:
Quote:

Re: #Robinhood

Hi, Friends,

Casting about, trying to get a better sense of why Robinhood would (a) destroy its brand and (b) reportedly take down a sizable chunk of its credit facilities. I finally saw something plausible at NationalReview.com, not normally my first stop when looking for market insights. However, Daniel Tenreiro, about whom I know nothing, offers a possible rationale. Might be "possible" and still "incorrect" or "only partially correct", of course.

First, it's possible that Robinhood quite rationally believed that it could not control or even accurately measure its financial exposure. Assuming that many of its customers bought $GME and other meme stocks on margin, there may have been fears that if the stock(s) collapsed, customer losses would far exceed margin balances before calls could be issued, and way before cash could be received. One solution, if the firm believed it was facing an existential crisis, would be to sell customers out of their long positions and grab the amount loaned on margin while also prohibiting new longs.

The other side of that coin is something that I've mentioned here from time to time: Securities Finance. When you open a margin account, you agree to hypothecate your shares, that is, you permit the broker to lend the shares out to other entities, most of which will be hedge funds borrowing in order to sell short. The lending broker collects what is usually a modest amount for the service, but in the case of "hard to borrow" securities, the vigorish can move from "Nice incremental source of income" to "Wow, good money!". Institutional investors get a big cut of that revenue (80 percent is now standard, I'm told); retail investors, nada. However, the broker is also on the hook: It has to be able to retrieve the shares, for example, if the owner wishes to sell. Given the shellacking at least some of the borrowers/shorts were taking, Robinhood, Schwab, et al may have believed that a non-trivial chance existed that a hedgie would go out of business and become unable to return its borrowed shares. Buying those shares in would be potentially ruinous for a brokerage. Something along those lines may also have been what prompted Citadel to provide funding to Melvin Capital.

Could be totally wrong, but again, I was looking for something that seemed coherent, and this strikes me as not obviously absurd.

Have a great evening, Friends!




--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 2 hours, 44 minutes
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27175721 - 01/29/21 07:35 AM (2 years, 11 months ago)

Out of AMC @ $14.  Didn't like the reversal 3 minutes after the opening.  Trade screens are starting to lock up, no need to get cute with this one.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 2 hours, 44 minutes
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27175749 - 01/29/21 08:06 AM (2 years, 11 months ago)

Took just a little bit of CGC off the table.  Options are up 80% and it's had a great move this week.  Moving some of that capital into NNDM, which is bouncing at its 8 day EMA after a healthy pullback.  Considering selling Feb $12.50 puts in attempts to get a basis closer to the stock's 20 day moving average around $11.50.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 2 hours, 44 minutes
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27175761 - 01/29/21 08:15 AM (2 years, 11 months ago)

Passing along one more missive from Dan @ SMM (always advocating for anyone seriously interested in improving their trading, to sign up over there!):

Quote:

I'm making one final note about the Gamestop ($GME) / WSB (walstreetbets) event that has roiled the market for the past week or so. Then, I really need to move on because this entire situation is so fraught with risk that it is counterproductive to most of you. I don't want your attention to start focusing on what is really a casino rather than a freely trading market. We need to just stick with what works, and differentiate between prudent trading for money, and high risk stock playing in the Wild World of Sports -- where we can experience both "the thrill of victory and the agony of defeat." And I'm also including a very informative and insightful post by @Forexpro from last night. [geo edit: you can find Forexpro's comments posted above]

The clamor for regulation is a bit misplaced. Everyone is talking about some sort of regulation to protect the retail investor from himself. "There must be some way to prevent the innocent, unsophisticated and small traders from doing stupid stuff that will ultimately hurt them!!" In my view, this is totally backasswards...but not surprising at all, given how deep CNBC and Washington DC are into the pockets of institutional firms. There are billions of dollars to be skimmed from the institutions for political purposes and, of course, for media access. If you go against the big guys, you will be squashed like a bug...or ignored like a spec of dust in a pile of dirt. You'll just be canceled.

Regulating the "unsophisticated" investors completely misses the mark. While unsophisticated investors have been losing their shirts for as long as markets have existed, such events are self-cleansing. When the foolish gamblers are blown out, their money is transferred into the hands of more adept individuals who can use it more wisely. This is Darwin's Law in action. As the saying goes, there is a sucker in every poker game. If you can't spot the sucker, you are the sucker.

In this case, the "unsophisticated" investors were the large hedge funds that were massively short a stock...when such information was available for discovery. And once WSB and then the mass of traders moving small amounts of money around discovered this dumb ass move, they pounced on the stock and absolutely slaughtered the real idiots -- the greedy hedge funds. As such, if anyone is to be "protected from themselves" by regulations, it should be the big institutional money, that has the capacity to leverage stupidity to unimaginable proportions. But since the game is rigged in their favor, their stupidity is rarely exposed. Instead, stupidity pays off handsomely...most of the time.

Do you think that the derivatives trades that crashed the market back in 2007-2008 were caused by the "unsophisticated" small investors? No! The CDO market was created by the institutions to offload onto less sophisticated portfolio managers who were searching for yield in a market that had no yield (Thanks Alan Greenspan -- you're a real gem). So the institutions were creating something that appeared to be safe when in fact it was a time bomb wrapped in a nice bow. The inevitable explosion took one of the largest financial firms into bankruptcy and many of you probably don't even recognize the name "Lehman Brothers" unless you happened to see "The Big Short", starring Steve Carell and Christian Bale. What hurt the little guy was what was actually plain for all to see -- a housing market that was just silly. You could drive through new housing projects and see weeds growing in the front yards of vacant houses...blocks of 'em. But who did not see this obvious problem? The "sophisticated" big money. They totally missed it (except for MIchael Burry...the guy who also spotted $GME at about $4 and said it was undervalued and that the "sophisticated" big money was totally missing the value.

So the "sophisticated" big money is not necessarily sophisticated. It's just "big." It's actually stupid money, often run by relatively young people who were still trying to get their first kiss when the market imploded in 2000, and then in 2007. They've gone to the prestigious business schools and learned a lot of math. But they know very little about how markets can actually behave. They just know how they "should" trade. And that's the lesson we have also learned from the implosion of Long Term Capital Management in 1998, when some of the smartest and highly regarded financial gurus got together and used tremendous leverage to print money...until Russia defaulted on its debt and blew up their "sure thing." The company was so highly leveraged that it threatened the stability of the free market. Now, is this "smart money?" Is this "sophisticated money?" No, this is just a bunch of overeducated and under learned self-aggrandizing pompous narcissists who believed their own press.

So...do we need more regulation? Well, I'm not a fan of regulation for several reasons. One of the most compelling reasons is that the folks doing the regulating aren't particularly smart (the best and brightest don't work for the government; they work in the private sector and strive to make something great). Also the regulators are in the tank for the big money. This is why the most seemingly favorable regulations have loop holes that protect the big money. It has always been that way, and will always be that way.

In my opinion, there are ways to regulate stupidity out of the trading game. But the regulations should be outlawing big firms doing stupid $hit with leverage.

1. Limit the amount of short interest allowed on any security. It is just insane to allow a greater number of shares to be shorted than the number that actually exists. The firm borrows the shares from the shareholder and sells those shares on the open market...and then the buyer of those shorted shares now holds those loaned shares and can lend them to someone else. So you've got the same shares loaned twice. This can theoretically go on forever. It's the theory of compounding, applied to short interest. This type of regulation does indeed protect the real unsophisticated money (i.e., the big, greedy, and overconfident money) from doing dumb stuff on margin. They can, and will always, do dumb stuff. That's the nature of big money -- often, it becomes small money.

2. The uptick rule doesn't work at all. It's too easy to manipulate the tape and trade around a stock. That regulation is so last century. it's no longer viable or effective.

3. If the broker (like Robinhood) has liquidity issues, then it can simply notify its clients that the tickers in question are no longer available to be traded on margin. Simply put, you can't trade with more money than you have...because that firm is not going to loan you that money any longer. It's basically shutting off your credit line. You are instructed to liquidate any/all of your position so that you get off margin...or the firm will liquidate it for you. Such terms are already in the docs any client who wants to trade on margin must sign. After all, margin is just a loan. You are not allowed to take out a second mortgage on your home for 400% of its market value because no one is dumb enough to extend such a loan. Yet brokers make such loans to their clients because they get paid for the order flow created by their clients' trading activity. Well, this leads to massive risk that's not much different than the LTCM brainiacs who crashed the market with their excessive leverage. The risk is never realized...until something like Gamestop happens.

What has happened here is pretty simple. Because of leverage, the little guy has been able to gang up and beat the snot out of the big guy who has put himself in a position to be beaten up. The little guy has used leverage to crush the big guy using similar leverage. The little guy is on the right side of the trade and the big guy is on the wrong side of the trade. Again...Darwin's Law in action.

Yet, in all of this, you still hear politicians and shills for the institutional money on CNBC talking about protecting the little guy. They are whitewashing the pure and unadulterated stupidity of the folks who support their lifestyles and are instead trying to squash the people who exploit that institutional stupidity. Here's the symbol for that: $ROFLMAO

As I write this, I hear that Andrew Left of Citron Research has announced that he will no longer be publishing his short positions. He will instead only be publishing reports on long positions. Now, why do you think he has been publishing his short positions? That's pretty obvious. He publishes them because he seeks to harness the same forces harnessed by the subreddit group of traders who crushed the Gamestop shorts. He takes a big short position in a stock, and then reveals it to everyone...who will follow his trade and reward him handsomely. He can't do that any longer because he risks becoming the next Melvin. So this isn't philanthropy from Left -- it's just a recognition that the jig is up.

One last point: Is this the sign of a bubble in equities? Perhaps. Be careful. The most money is made just before the bubble pops because things go parabolic. When Elon Musk can change his twitter profile to #bitcoin and the result is an immediate 17% jump in $BTC, you know that things are getting a bit ridiculous. And that is why I said (waaaaay at the top of this note) that we want to ignore this stuff now and just focus on prudent trades on stable stocks that meet the criteria of our trading strategies).




--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflineEnkidu
"No-Such-Person"
Male

Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills] * 1
    #27175775 - 01/29/21 08:30 AM (2 years, 11 months ago)

I picked a hell of a time to get into this shit..

A lot to be learned right now for someone like me who is brand new. Glad to get some of this out of the way early


--------------------
Within You , Without You


:mushroom2::levitate::mushroom2:


Extras: Filter Print Post Top
OfflineBaby_Hitler
Errorist
 User Gallery


Folding@home Statistics
Registered: 03/06/02
Posts: 27,587
Loc: To the limit! Flag
Last seen: 39 minutes, 55 seconds
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
    #27175817 - 01/29/21 08:52 AM (2 years, 11 months ago)

Quote:

CHeifM4sterDiezL said:
Thats called trading on margin no its not a scam its actually a way to grow the economy. Getting rid of it would essentially mean a collapse of the entire world economy as theres more money in the derivatives market than the entire world or something ridiculous. I seriously don't get why you fucking people are so hell bent on fucking up the money for everyone. You really think you'll have a stable job in an economic collapse? Its not just heirs sitting around or whatever its working peoples entire lifetime of work nesteggs and everyones jobs and everything. Maybe learn how reality works. We havent had it this good in this country in a long time and you people just want to burn it down. Grow up.





CHeifM4sterDiezL it is hard for thee to kick against the pricks.

Invest in beans.

Wear a hat.


--------------------
Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ
(•_•)
<) )~  ANTIFA
/ \
\(•_•)
( (>    SUPER
/ \
(•_•)
<) )>    SOLDIERS
  / \


Extras: Filter Print Post Top
OfflineTripsurfer
Bring Back Asante!
Male


Registered: 08/01/12
Posts: 7,129
Loc: West of Windward Flag
Last seen: 3 months, 27 days
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Enkidu]
    #27175823 - 01/29/21 08:57 AM (2 years, 11 months ago)

Man, I have learned more about stocks and whatnot in last 24 hours than in the 24 years before that


--------------------
Ach en wee ben ik de klos, met mijn boog schoot ik een albatros...

A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.



Extras: Filter Print Post Top
OnlineCHeifM4sterDiezL
Chief Globerts

Registered: 07/28/10
Posts: 22,535
Loc: United States Flag
Last seen: 8 minutes, 46 seconds
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: Tripsurfer]
    #27175854 - 01/29/21 09:13 AM (2 years, 11 months ago)

Since the late 90s atleast. Some these kids are so young and dumb they dont even know what poor is. So glad this economy is so robust you have money to just piss away in the market and sports bets.



Edited by CHeifM4sterDiezL (01/29/21 09:13 AM)


Extras: Filter Print Post Top
OfflineEnkidu
"No-Such-Person"
Male

Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: CHeifM4sterDiezL]
    #27175857 - 01/29/21 09:14 AM (2 years, 11 months ago)

I actually bust my fucking ass building houses out in the fucking snow and scrape pennies to invest

You dont know shit


--------------------
Within You , Without You


:mushroom2::levitate::mushroom2:


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 2 hours, 44 minutes
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: Enkidu]
    #27175870 - 01/29/21 09:22 AM (2 years, 11 months ago)

Guys, last warning.  Take the tit for tat elsewhere or you'll be taking a break from this forum.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflineThe OCB
Stranger

Registered: 10/14/20
Posts: 86
Last seen: 2 years, 7 months
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: geokills]
    #27175880 - 01/29/21 09:31 AM (2 years, 11 months ago)

Wow so Chief is a hater, who woulda thunk it.

What others do with their money is totally up to them.  lol. Salty.

oh, and I loved how margin grows the economy.  Go sell that to some 19yr old econ major.


Extras: Filter Print Post Top
OfflineManianFHS
living in perverty
 User Gallery


Registered: 07/06/04
Posts: 14,741
Last seen: 1 day, 3 hours
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: geokills]
    #27175946 - 01/29/21 10:08 AM (2 years, 11 months ago)

Thank you Geo for posting that link, I plan to sign up at SNM. I need to find time to finish reading your post by Dan. In response to the robinhood post you made - my wife read this morning that RH had actively closed people’s positions for them, selling GME shares at average pricing without the consumers consent.

Has anyone ever heard of such a practice? I’m pretty neutral to overall trading strategies, even by big boys but that seems illegal. Especially now that the price of GME is back up to nearly $400, robinhood seems to have robbed people of their potential gains. I don’t know, maybe something is missing from this equation that I am not seeing, or maybe they did a risk analysis and figured such a move would ultimately cost them less?


--------------------
notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "

ChrisWho said: "It's all about the journey, not the destination."


Extras: Filter Print Post Top
OfflineEnkidu
"No-Such-Person"
Male

Registered: 07/09/16
Posts: 10,698
Last seen: 6 months, 11 days
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: ManianFH]
    #27175956 - 01/29/21 10:17 AM (2 years, 11 months ago)

Yeah fuck robinhood

Im going to sell my positions on there as soon as i have new ones in place on webull

I hope people stop using them after this fuckery

They are in deep with their hedge fund allies

In other news how about that amc...


--------------------
Within You , Without You


:mushroom2::levitate::mushroom2:


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 2 hours, 44 minutes
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: ManianFH]
    #27175957 - 01/29/21 10:17 AM (2 years, 11 months ago)

Anyone that signs up for margin trading, explicitly consents to allowing their broker to force liquidation on any trades they deem a risk for repayment.  Most probably, the trades that were closed without consent, were using leverage beyond the amount of cash the depositor had in their account.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflinegeokillsA
∙∙∙∙☼ º¿° ☼∙∙∙∙
Male User Gallery

Registered: 05/08/01
Posts: 23,417
Loc: city of angels Flag
Last seen: 2 hours, 44 minutes
Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
    #27175963 - 01/29/21 10:19 AM (2 years, 11 months ago)

Quote:

geokills said:
Moving some of that capital into NNDM, which is bouncing at its 8 day EMA after a healthy pullback.  Considering selling Feb $12.50 puts in attempts to get a basis closer to the stock's 20 day moving average around $11.50.




Market risk is rising.  Newsflow is negative on coronavirus and US congressional tensions.  I'm taking the NNDM trade off the books for a small loss.  Will look to reload next week.  TLRY, CGC, PLCE and RIG still hanging in there, but am lightening up a little bit across the board.

I am picking up some MARA to hold over the weekend.  It isn't responding in line with the huge moves in crypto today, and if those moves hold or gather momentum into next week, I think MARA is likely to explode.  MARA on the weekly is flagging, and I could definitely see this doubling over the coming few months, even if the weekend scenario doesn't play out.  Careful with position sizing if you take this one, cause it is a big mover in both directions.


--------------------

--------------------
··∙   long live the shroomery  ∙··
...π╥ ╥π...


Extras: Filter Print Post Top
OfflineKryptos
Stranger
 User Gallery
Registered: 11/01/14
Posts: 12,263
Last seen: 1 hour, 23 minutes
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: ManianFH]
    #27175970 - 01/29/21 10:22 AM (2 years, 11 months ago)

Quote:

geokills said:
Anyone that signs up for margin trading, explicitly consents to allowing their broker to force liquidation on any trades they deem a risk for repayment.  Most probably, the trades that were closed without consent, were using leverage beyond the amount of cash the depositor had in their account.




Some people are claiming that RH is selling their non-margin stocks as well.

Quote:

mick said:
Thank you Geo for posting that link, I plan to sign up at SNM. I need to find time to finish reading your post by Dan. In response to the robinhood post you made - my wife read this morning that RH had actively closed people’s positions for them, selling GME shares at average pricing without the consumers consent.

Has anyone ever heard of such a practice? I’m pretty neutral to overall trading strategies, even by big boys but that seems illegal. Especially now that the price of GME is back up to nearly $400, robinhood seems to have robbed people of their potential gains. I don’t know, maybe something is missing from this equation that I am not seeing, or maybe they did a risk analysis and figured such a move would ultimately cost them less?




It's 100% illegal, and I'm pretty sure it's a risk analysis of fines+potential jail time vs. losing hundreds of billions of dollars at this point. Compared to the potential losses they are facing, the fines are pocket change. I'm guessing they're also picking out the least important people that are going to go to jail already.


Extras: Filter Print Post Top
OfflineManianFHS
living in perverty
 User Gallery


Registered: 07/06/04
Posts: 14,741
Last seen: 1 day, 3 hours
Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: Kryptos]
    #27175991 - 01/29/21 10:35 AM (2 years, 11 months ago)

Thanks in response to both your posts Geo, Kryptos. I am highly curious to see how this all unfolds over the coming year. I am ultimately here to invest but these events do somehow seem significant to trading in general. Here is the article I read: https://in.finance.yahoo.com/news/robinhood-reportedly-sells-gamestop-shares-163340167.html

Onto stocks, was stopped out of pretty much everything this morning, am kind of disappointed in some of my choices looking at the results of this week. Think I am leaving the account mostly cash, will reflect and regroup for next week. Sometimes it’s good to take a break :smile:.

Geo I did set an order for MARA however it did not drop to that level. I might take some small exposure there as the Crypto space does seem to be moving in the right direction.


--------------------
notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "

ChrisWho said: "It's all about the journey, not the destination."


Extras: Filter Print Post Top
Jump to top Pages: < First | < Back | 165 | 166 | 167 | 168 | 169 | 170 | 171 | 172 | 173 | 174 | 175 | 176 | 177 | 178 | 179 | 180 | 181 | 182 | 183 | 184 | 185 | Next > | Last >

Shop: Original Sensible Seeds Autoflowering Cannabis Seeds   Kraken Kratom Red Vein Kratom   North Spore North Spore Mushroom Grow Kits & Cultivation Supplies   PhytoExtractum Buy Bali Kratom Powder   Unfolding Nature Unfolding Nature: Being in the Implicate Order


Similar ThreadsPosterViewsRepliesLast post
* Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects
( 1 2 3 4 ... 500 501 )
geokillsA 250,330 10,002 01/27/24 05:04 PM
by geokills
* Does this look legit? The24HourMC 1,559 1 03/01/10 02:43 PM
by geokills
* Helium Network [US]: Low Cost Mobile Service with ROI for Providing Distributed Connectivity geokillsA 203 0 01/21/24 10:48 AM
by geokills
* Pretty good interest on my savings, but best strat? skOsH 190 4 01/21/24 03:40 PM
by Bungmurphy

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
296,585 topic views. 0 members, 1 guests and 1 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.033 seconds spending 0.006 seconds on 13 queries.