01-27-2021, 04:06 PM | #181 |
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Re: Stock Market Chit Chat
stop feeling the fear of missing out
gamblers and risky investors will blow up eventually.. greed gets to a lot of people anyways, today was a blood red day and actually the highest rise of VIX (the fear index) since march 16, 2020 - so that means something. of course, meme stocks went up a lot. but as more and more people pile on, there will inevitably be losers and even the winners will want more. people who made money on memes, but not LIFE CHANGING MONEY, will probably try to repeat the same success and overleverage themselves in the process, and when they lose, they will lose a lot. now, if you put down like $100k on GME leaps early and made out with $5 million, that's life changing money, so you're set
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01-27-2021, 04:11 PM | #182 | |
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Re: Stock Market Chit Chat
Quote:
it's important to build capital to start off so you can deal with multiple types of financial instruments
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01-27-2021, 04:20 PM | #183 |
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Re: Stock Market Chit Chat
anyways, nasdaq down 3.6%, spx down 3%, dow down 1.9%
but crude oil held strong at 52, and DXY went up to 90.6 all in all, we're still way above September levels - so the lesson is get a good entry and sit on it and you'll have a nice cushion during shaky market movements added more COSTCO and AMD
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01-28-2021, 09:04 AM | #184 |
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Re: Stock Market Chit Chat
Well, what I feared most out of all this. Certain brokers are currently halting trades(buying) for GME and other actively popular stocks.
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01-28-2021, 10:27 AM | #185 |
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Re: Stock Market Chit Chat
Robinhood gettin a lot of flak for what they are doing
https://twitter.com/RashidaTlaib/sta...07292667981828 "This is beyond absurd. @FSCDems need to have a hearing on Robinhood's market manipulation. They're blocking the ability to trade to protect Wall St. hedge funds, stealing millions of dollars from their users to protect people who've used the stock market as a casino for decades."
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01-28-2021, 11:17 AM | #186 |
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Re: Stock Market Chit Chat
I don't know shit about stock trading, but I do wanna get a grip of what the fuck happened, is there a good "what happened for dumb asses" somewhere?
A short explanation would be *awesome.* |
01-28-2021, 11:28 AM | #187 | |
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Re: Stock Market Chit Chat
Quote:
The snakes are betting on the price of the bananas to go down, so they borrow a bunch of the bananas from the apes on Monday, sell them right away for 10 dollars each, knowing/hoping that the price of bananas will be lower than 10 dollars on Friday when they have to pay them all back to the apes (shorting), hoping to make a profit on the difference. The next week, the apes, recognizing this, decided to buy up all the bananas themselves, making the price go up. This forces the snakes who borrowed on monday to buy back their bananas at a loss, making a profit for the apes. The apes are reddit and the snakes are the hedge fund managers
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01-28-2021, 11:47 AM | #188 | |
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Re: Stock Market Chit Chat
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01-28-2021, 01:06 PM | #189 | |
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Re: Stock Market Chit Chat
Quote:
Last edited by choof; 01-28-2021 at 01:06 PM.. |
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01-28-2021, 01:09 PM | #190 | |
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Re: Stock Market Chit Chat
Quote:
wall street placed a bet that the stock would go down internet placed a bet (bigger than wall streets) that the stock would go up size of the bet determines how much the stock goes up or down. the stock went up internet placed another bet that the stock would go up wall street frantically also betting that the stock would go up, to cover their losses. Causes the stock to go ridiculously high. Mainstream media is starting to pick up massively on this news that's been happening for the past week or so, because political figures are starting to get involved by pointing fingers at faults in the system, and blaming one side or another for misuse of stock trading, even though this system is literally what has been historically keeping the rich 'RICH', for decades. There's also growing concern with some stock trading web services halting trades of certain volatile stocks like AMC & GME outside of normally halted hours (GME being the stock in question for the media highlight) in that they could be siding with one side of the scale or another, a.k.a., possibly rigging the bets in favor of one group or another. Since it's preventing people on one side from making bets in some places, but not restricting people from making bets in other ways. Notably, fingers pointing at Robinhood, and TD Bank being the ones getting press coverage in that department. Last edited by gold stinger; 01-28-2021 at 07:19 PM.. |
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01-28-2021, 01:30 PM | #191 |
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Re: Stock Market Chit Chat
There's atleast one lawsuit now filed in the southern district of newyork.
This may have been a #meme to most, but real change may actually happen because of the lengths this has gone to. I ain't selling
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Last edited by Frank Munoz; 01-28-2021 at 01:30 PM.. |
01-28-2021, 01:35 PM | #192 |
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Re: Stock Market Chit Chat
Honestly I saw this sort of uptick in volatility across the entire stock market happening eventually. The warning signs were kinda already there when you saw massive swings in stocks whenever 'someone important' commented on a business, or a stock. Like Elon Musk, or Donald Trump. It is an interesting case though since this didn't involve much talk involving a public figure.
Imo this is literally a case of younger adults taking advantage of the system because they are now old enough to do so and have the income to make actual impact in the system, along with a growing interest in options to improve lifestyle with a worsening economy. Also a situation where older individuals are more used to riding inflation, and that is now possibly being threatened since you could theoretically have a surge like this (in either direction,) in any stock. Last edited by gold stinger; 01-28-2021 at 01:45 PM.. |
01-28-2021, 01:53 PM | #193 | |
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Re: Stock Market Chit Chat
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01-28-2021, 02:56 PM | #194 | |
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Re: Stock Market Chit Chat
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people put down MORE money on TOP of the money they made thinking they're going to win big again some people even go into debt, and get bigger positions than they should be handling.. a ton of people probably bought gamestop and AMC theater stock at really high prices yesterday and today (and DOGECOIN today) and are probably going to get burned. i seriously don't wish people to go to $0.. that's why i haven't touched any of the hype meme stuff.. it's just so dangerous. somebody loses.
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01-28-2021, 04:14 PM | #195 |
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Re: Stock Market Chit Chat
Whata day.. lawsuits, manipulation, rumors. Just got an apology email from robinhood and they're gonna allow "limited" trades tomorrow. All while monitoring them.
After today's obvious attempt to get people off GME and other stocks, it somehow will continue. Tomorrow, many of us alude it to being the make-or-break, but it may last another week.. whoknows Either way, ain't this fun!
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01-28-2021, 05:09 PM | #196 |
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Re: Stock Market Chit Chat
Does anyone have any popcorn left?
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01-28-2021, 05:33 PM | #197 |
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Re: Stock Market Chit Chat
Imma wait for the 4st bailout thats pushed before stimulus checks and the revolution that ensues afterwards
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01-28-2021, 08:00 PM | #198 |
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Re: Stock Market Chit Chat
Yeah I got somewhat burned on AMC already, but I only bought 20 shares at $14. It was up to 18 something yesterday before close, and that was when I should've sold.
Not a huge loss because its only $300 and its sitting at $175 in value. Could easily go back up because this shit doesn't appear to be over. That said, playing with GME, NOK, or AMC, and I guess dogecoin is not smart in any way. Buy some oil stocks. That shit will likely go up under Biden. Been putting a little bit of money into XOM (Exxon Mobil) with its stupid 7 - 9% dividends that I'll probably never sell because of that Last edited by Rebirth0; 01-28-2021 at 08:00 PM.. |
01-28-2021, 09:39 PM | #199 |
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Re: Stock Market Chit Chat
Am I stupid for going in on BB? Yes or yes
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01-28-2021, 09:43 PM | #200 |
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Re: Stock Market Chit Chat
After work, I dumped what I had left into DOGE as it's following the same routine from early 2018. As much as #meme is going on with it, it's still on schedule. Just a way bigger push this time due to current events.
Took a nap right after placing the order and woke up to 500% up. Gonna stay up a tiny bit to ensure the trajectory is alright then knockout again. edit: I think BB is a solid choice. May not be as exciting as the others, but BB has a big future to come. Especially in 2022 as their tech will be in EVERY vehicle produced coming 2022. Double edit:
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