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Forum » **OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR
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Thread: **OFFICIAL** Trading and Investing Thread- Part -XII- Money Printer Go BRRRRRRRR

post 1630040143 01-29-2021, 02:11 PM
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#11761
  1. Travis99
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Holding 200 shares of NOK

Down almost $400
There is no they…
post 1630040203 01-29-2021, 02:11 PM
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#11762
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Originally Posted By OptimistPrime11⏩
In fact the only real people in danger or being sued are the WSB crew by the SEC for stock manipulation.

RH is fine.
Sure they're fine. Robinhood selling user data to hedge funds isn't market manipulation at all. But users online joining together to coordinate trades the same way hedge funds do is market manipulation. Got it...
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post 1630040343 01-29-2021, 02:13 PM
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#11763
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Originally Posted By theluckylad⏩
nobody is listening because you sound out of touch
So you won't listen to someone who has done this for a living for 25 years and who regularly deals with the SEC due to my trading and the fact I have worked as a public stock consultant taking private companies public for over 15 years.

But you will listen to a WSB reddit board.

Ok then.
post 1630040423 01-29-2021, 02:14 PM
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#11764
  1. OptimistPrime11
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Originally Posted By _zman⏩
Sure they're fine. Robinhood selling user data to hedge funds isn't market manipulation at all. But users online joining together to coordinate trades the same way hedge funds do is market manipulation. Got it...
That was part of the deal signing up with RH.....you agree to letting your data be sold. That is why you get free trades and also the reason why I don't use RH.

Don't blame others for something you did.
post 1630040473 01-29-2021, 02:14 PM
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#11765
  1. KingSWRV
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Originally Posted By theluckylad⏩
nobody is listening because you sound out of touch
Listen to everyone.

Every take. Consider every angle.

Poke holes in every single thesis

Absorb the whole earth.
post 1630040513 01-29-2021, 02:15 PM
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#11766
  1. OptimistPrime11
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Originally Posted By theluckylad⏩
nobody is listening because you sound out of touch
Out of touch?

Look what I just found. Speak of the devil......SEC already looking into prosecuting WSB.

https://finance.yahoo.com/news/will-...183845241.html
post 1630040533 01-29-2021, 02:15 PM
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#11767
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Originally Posted By Lb54TG⏩
I dont see this as any different than a bunch of people hyping Apple stock because of M1 chip / new iphone / or if they wee undervalued.

All the numbers are there, and If overshorting a stock is illegal, than telling people that a stock is overshorted and the company has potential to turn its business around and buying it.

I mean Tesla PE is like 1,666. SQ trades 155x earnings.

What are fundamentals lol.
Fundamentals would indicate these companies are massively overvalued and will come back down to reality eventually, the only question is when

It's probably no coincidence that Tesla is the other big name right now known for short squeezes and destroying shorts. But at least people can put some type of argument around Tesla, I mean surely their HVAC business will be a massive profit generator
post 1630040593 01-29-2021, 02:15 PM
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#11768
  1. dopamine72
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Originally Posted By LCBOLeo⏩
For brahs that are invested just to see how chit goes... are y'all holding over the weekend?
Was thinking about holding GME over the weekend since I have just one share, but was thinking about cutting my losses on BB. Bought 50 shares when it was $26 (buy high sell low yeah yeah I know, I gambled what I could afford to lose tho.) Can't see it going back above $20.
Thoughts?
My thoughts are that you're trying to force trades instead of being calculated. Most of someone's portfolio who's young should be long term holds with solid / established companies. Keep your YOLO plays and trades to 10-20% of your total portfolio as most.
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
post 1630040823 01-29-2021, 02:18 PM
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#11769
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Originally Posted By Lb54TG⏩
I dont see this as any different than a bunch of people hyping Apple stock because of M1 chip / new iphone / or if they wee undervalued.

All the numbers are there, and If overshorting a stock is illegal, than telling people that a stock is overshorted and the company has potential to turn its business around and buying it.

I mean Tesla PE is like 1,666. SQ trades 155x earnings.

What are fundamentals lol.
When it is an ORGANIZED pump, as in people working together? Like WSB? That is when it is illegal.

Same reason why penny stock promoters like Penny Stock Chaser got prosecuted and put in jail and heavily fined 8 years ago. They were organizing pumps to manipulate the market.

Those guys used to get $1 Million for a month long promo program and EVERYONE would buy the stocks they promoted. When they released a pick a stock would go up 1000% in 5 minutes.

Then the SEC cracked down.
post 1630040863 01-29-2021, 02:18 PM
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#11770
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Originally Posted By KingSWRV⏩
It’s like when you train an athlete or fighter.

It’s easier when they learn from a clean slate as opposed to having baggage and their own old ideas that you have to deal with.

It takes about a week to learn the game. I did it in 3 days.

I may not have the highest level of experience but I am super high IQ in that unique way that is useful for the game, I can already tell I’m gonna make it easily.

And I’m stupid as hell for not doing it sooner. Literally free money.
It's really easy to make money but it's really easy to lose it as well. Gotta make sure you make enough when the grass is green and not over leverage yourself
I used to have an AVI of my traps and neck. I changed it a while back and tried editing my user title but this website is glitched and it will not let me change it anymore.
post 1630041043 01-29-2021, 02:20 PM
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#11771
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Originally Posted By OptimistPrime11⏩
It is actually the opposite. They won't lose because people sue them. They would only lose if people leave them and go somewhere else.

I keep trying to tell you guys but no one seems to be listening. The brokerage houses are restricting trading on certain stocks because they are limiting their liability. They don't want a kid buying $500 k of GME on margin and the stock falling 80% and they have to cover a $400 K loss and they only have $50 k in the account. Trust me when I say this as someone who as dealt with compliance dept's from brokers for years. What the brokers are doing is completely normal. You just hear about it now because a bunch of novice traders who have no idea wtf they are talking about are complaining. But this has happened 1000s of times.

In fact the only real people in danger or being sued are the WSB crew by the SEC for stock manipulation.

RH is fine.
It's one thing to limit risk by not allowing trades on margin in a stock. It's entirely different to block all buying of a symbol even on cash, which should never be allowed.

And there seem to be a lot of people completely fed up with RH threatening to leave. Whether they do I guess we'll see, but I'm planning on moving on once most of this settles.
Originally Posted By VoxExMachina⏩
I don't use RH and am only watching the drama from the outside so I don't know if there are any shenanigans going on anywhere, but it was pretty obvious to me that was probably happening were simple margin calls and restricted trading on accounts with not much cash in them, and these new investors had no idea this was normal SOP.

And obviously RH was going to be visible in this because of their dollar store brokerage model. Which might not bode well for them because they marketed their services to these same novices. Not legally, but just from the fickle nature of their clients.
That's the thing, it wasn't just margin accounts. They blocked all buying of the stock in any way whatsoever, regardless of your personal position or cash on hand. For the first half of the day yesterday, you couldn't even search the symbols they blocked on their platform. They only appeared if you were already holding over night and gave you the option to sell only. You could be a full cash account with plenty deposited and you still weren't allowed to search out the stock.
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post 1630041153 01-29-2021, 02:21 PM
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#11772
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Yea, I dont understand why Robinhood Ceo didnt come out and say this more eloquently. Would have helped his case more, although they will still be hurt by being woefully unprepared for this.
Originally Posted By OptimistPrime11⏩
It is actually the opposite. They won't lose because people sue them. They would only lose if people leave them and go somewhere else.

I keep trying to tell you guys but no one seems to be listening. The brokerage houses are restricting trading on certain stocks because they are limiting their liability. They don't want a kid buying $500 k of GME on margin and the stock falling 80% and they have to cover a $400 K loss and they only have $50 k in the account. Trust me when I say this as someone who as dealt with compliance dept's from brokers for years. What the brokers are doing is completely normal. You just hear about it now because a bunch of novice traders who have no idea wtf they are talking about are complaining. But this has happened 1000s of times.

In fact the only real people in danger or being sued are the WSB crew by the SEC for stock manipulation.

RH is fine.
post 1630041443 01-29-2021, 02:25 PM
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#11773
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Originally Posted By SpeedCheeser⏩
That's the thing, it wasn't just margin accounts. They blocked all buying of the stock in any way whatsoever, regardless of your personal position or cash on hand. For the first half of the day yesterday, you couldn't even search the symbols they blocked on their platform. They only appeared if you were already holding over night and gave you the option to sell only. You could be a full cash account with plenty deposited and you still weren't allowed to search out the stock.
I can't say since I don't use them. Maybe they didn't have the technology in place to distinguish what was cash vs. margin with a fast moving market and people putting money in or out of their accounts so they just restricted everything? Did the accounts actually have the cash in them, or was it just deposited and still on financial hold, etc? Or maybe they're snake illuminati. I dunno. ¯\_(ツ)_/¯

In any event, might be a good argument to go with a more reputable trading firm and not the dollar general of brokerages.
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post 1630041643 01-29-2021, 02:27 PM
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#11774
  1. OptimistPrime11
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Originally Posted By SpeedCheeser⏩
It's one thing to limit risk by not allowing trades on margin in a stock. It's entirely different to block all buying of a symbol even on cash, which should never be allowed.

And there seem to be a lot of people completely fed up with RH threatening to leave. Whether they do I guess we'll see, but I'm planning on moving on once most of this settles.



That's the thing, it wasn't just margin accounts. They blocked all buying of the stock in any way whatsoever, regardless of your personal position or cash on hand. For the first half of the day yesterday, you couldn't even search the symbols they blocked on their platform. They only appeared if you were already holding over night and gave you the option to sell only. You could be a full cash account with plenty deposited and you still weren't allowed to search out the stock.
Think of a brokers Risk & Compliance dept the same as an insurance company's R & C dept. They do not want risk. At all.

So until things calm down this is how it will be.

Plus as I said, the SEC and brokers know that it isn't WSB behind all of this. They are little fish being used as a front man for the big fish.

It's shady. The sec and brokers want stable markets. Not chaos.

I told you guys the story where I had $3 M in my TD Ameritrade account and made 100s of trades a day with them, and one day I got a call from compliance and told me I was being kicked off of their platform. I had been a client for 17 years.

Reason? I was trading stock for my wife and a buddy in their accounts using the same IP address. My WIFE lol. She had all of $5000 in there, and my buddy maybe $20 K.

Didn't matter. They booted me.

Don't fawk around with the SEC or Compliance and I promise you they will put an end to this MEME frenzy.
post 1630041733 01-29-2021, 02:28 PM
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#11775
  1. OptimistPrime11
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Originally Posted By OptimistPrime11⏩
Think of a brokers Risk & Compliance dept the same as an insurance company's R & C dept. They do not want risk. At all.

So until things calm down this is how it will be.

Plus as I said, the SEC and brokers know that it isn't WSB behind all of this. They are little fish being used as a front man for the big fish.

It's shady. The sec and brokers want stable markets. Not chaos.

I told you guys the story where I had $3 M in my TD Ameritrade account and made 100s of trades a day with them, and one day I got a call from compliance and told me I was being kicked off of their platform. I had been a client for 17 years.

Reason? I was trading stock for my wife and a buddy in their accounts using the same IP address. My WIFE lol. She had all of $5000 in there, and my buddy maybe $20 K.

Didn't matter. They booted me.

Don't fawk around with the SEC or Compliance and I promise you they will put an end to this MEME frenzy.
Do this. Call up TDs Risk and Compliance Dept and ask them about all of this.

They will say the same things I just said.
post 1630041913 01-29-2021, 02:29 PM
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#11776
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Originally Posted By dopamine72⏩
My thoughts are that you're trying to force trades instead of being calculated. Most of someone's portfolio who's young should be long term holds with solid / established companies. Keep your YOLO plays and trades to 10-20% of your total portfolio as most.
Great advice srs, my overall outlook was weeks to months, not years. Will have to change that. And yeah I was forcing trades just cuz I had the money to do so, bad mentality.
post 1630042253 01-29-2021, 02:33 PM
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#11777
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Could buy max 10 shares of AMC on RH before you get blocked

Thats normal in this game?
post 1630043313 01-29-2021, 02:45 PM
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#11778
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Originally Posted By AmGodBrah⏩
Could buy max 10 shares of AMC on RH before you get blocked

Thats normal in this game?
Was 1 for most of the afternoon. Can buy 1 but sell all, seems fair.
post 1630043533 01-29-2021, 02:47 PM
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#11779
  1. SpeedCheeser
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Originally Posted By VoxExMachina⏩
I can't say since I don't use them. Maybe they didn't have the technology in place to distinguish what was cash vs. margin with a fast moving market and people putting money in or out of their accounts so they just restricted everything? Did the accounts actually have the cash in them, or was it just deposited and still on financial hold, etc? Or maybe they're snake illuminati. I dunno. ¯\_(ツ)_/¯

In any event, might be a good argument to go with a more reputable trading firm and not the dollar general of brokerages.
Imagine being a broker with 13 million + users and you don't have the technology on hand to monitor whether a trader is using cash or margin.

LOL, no, they know full well. At worst they manipulated the market to save their partner investment firm, or at best they panicked because they have no clue what they're doing and too stupid to realize the effect their actions were going to have. Either way it's not a good look for someone you want to be custodian of your cash and investments.
Originally Posted By OptimistPrime11⏩
Think of a brokers Risk & Compliance dept the same as an insurance company's R & C dept. They do not want risk. At all.

So until things calm down this is how it will be.

Plus as I said, the SEC and brokers know that it isn't WSB behind all of this. They are little fish being used as a front man for the big fish.

It's shady. The sec and brokers want stable markets. Not chaos.

I told you guys the story where I had $3 M in my TD Ameritrade account and made 100s of trades a day with them, and one day I got a call from compliance and told me I was being kicked off of their platform. I had been a client for 17 years.

Reason? I was trading stock for my wife and a buddy in their accounts using the same IP address. My WIFE lol. She had all of $5000 in there, and my buddy maybe $20 K.

Didn't matter. They booted me.

Don't fawk around with the SEC or Compliance and I promise you they will put an end to this MEME frenzy.
I understand the desire to limit risk. But there is no risk to the broker for securities and assets purchased with cleared cash on account.
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post 1630043853 01-29-2021, 02:50 PM
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#11780
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Originally Posted By OptimistPrime11⏩
That was part of the deal signing up with RH.....you agree to letting your data be sold. That is why you get free trades and also the reason why I don't use RH.

Don't blame others for something you did.
Doesn't matter much if RH did anything illegal or not. The perception to the masses will ruin them. They have 0 star rating in the app store and everyone is being told to remove funds and delete the app. Even if they face no legal troubles they are stuck in a PR nightmare and just lost a ton of reputation they had slowly built up over time.
post 1630043953 01-29-2021, 02:51 PM
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#11781
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Originally Posted By LCBOLeo⏩
Cut my losses from one meme stock that I bought at high just to go in to another and buy at high again? Strong advice.
Can I be completely honest? I think you're starting to lose your way and are chasing WAY too much chasing WSB gain porn. Looking back at your trading Id say that your best moves have been when you've had conviction in a stock and stuck with it (JKS even though you timed your trades a little poorly and Palantir). Just my 0.02, tell me to fuk off if I'm out of line (completely srs).
post 1630044313 01-29-2021, 02:56 PM
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#11782
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Originally Posted By OptimistPrime11⏩
That was part of the deal signing up with RH.....you agree to letting your data be sold. That is why you get free trades and also the reason why I don't use RH.

Don't blame others for something you did.
You sure are arrogant to assume I'm using RH, but it's inline with the rest of your posts.
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post 1630045133 01-29-2021, 03:07 PM
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#11783
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Originally Posted By Galindo62⏩
Easy Double share price? Holy **** selling everything and putting it all into cciv.

Notsrs huehue
If Lucid gets confirmed it will likely more than double, I say this unbiased even though I do hold alot here. The problem right now is that Lucid may not confirm and you lose 50%.
post 1630045243 01-29-2021, 03:08 PM
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#11784
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Originally Posted By OptimistPrime11⏩
Also, don't be surprised if the SEC starts going after sites like WSB. Back when the internet started, the sec sued and won against a number of people who would create false hype in a stock by posting multiple times, under many different alias's....online.

It is illegal to purposely try and manipulate a stock the way that WSB is doing it...at least in the SEC's eyes.

None of you probably remember or heard of him, but Jonathon Lebed was prosecuted by the SEC back in the early 2000s for just this. He was the king of stock pumps.

https://pennystockwhizzkid.com/jonathan-lebed/
the irony.
Laughing at your team since 2008.
post 1630045533 01-29-2021, 03:12 PM
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#11785
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If the board members at Boeing didn’t get jail time no one will
post 1630046223 01-29-2021, 03:22 PM
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#11786
  1. OptimistPrime11
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Originally Posted By Heaney⏩
Can I be completely honest? I think you're starting to lose your way and are chasing WAY too much chasing WSB gain porn. Looking back at your trading Id say that your best moves have been when you've had conviction in a stock and stuck with it (JKS even though you timed your trades a little poorly and Palantir). Just my 0.02, tell me to fuk off if I'm out of line (completely srs).
I never chase. Especially stocks already up 5000%.

I buy at bottoms. And add if it dips more. And then sell on the way up.

Very profitable strategy and I sleep stress free at night.
post 1630046553 01-29-2021, 03:25 PM
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#11787
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Originally Posted By OptimistPrime11⏩
I never chase. Especially stocks already up 5000%.

I buy at bottoms. And add if it dips more. And then sell on the way up.

Very profitable strategy and I sleep stress free at night.
I've come to realize that this is the way. I choose something that I have conviction in and scale in on dips and live a pretty stress free investing life.
post 1630046613 01-29-2021, 03:26 PM
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#11788
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Originally Posted By Comply_or_Die⏩
the irony.
Fawk off.

You're the clown who thinks a lone poster, posting a stock pick on a message board is the same as a group of 10,000 people coordinating a massive stock pump.

Idiot.
post 1630047593 01-29-2021, 03:40 PM
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#11789
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I just noticed that AMD was on Robinhood's restricted list today. AMD. Seriously? How do they even justify that one?

I've read some tweet that hedge funds were heavy on AMD puts and have now switched to calls. If this information is reliable at all, then what a fukin chit show.
post 1630048043 01-29-2021, 03:44 PM
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#11790
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Originally Posted By OptimistPrime11⏩
When it is an ORGANIZED pump, as in people working together? Like WSB? That is when it is illegal.

Same reason why penny stock promoters like Penny Stock Chaser got prosecuted and put in jail and heavily fined 8 years ago. They were organizing pumps to manipulate the market.

Those guys used to get $1 Million for a month long promo program and EVERYONE would buy the stocks they promoted. When they released a pick a stock would go up 1000% in 5 minutes.

Then the SEC cracked down.
Whats different from a message board, than someone like Graham -Something- on youtube saying these are my stock pics and I expect it to have huge upside potential in the next 3 months. He has 3m subs.

Or Stock Moe shilling NIO and TSLA to his 300k Subs

genuinely curious, because likely his subs and followers will buy, but they have the option not to, just like people viewing on WSB



in a way it similar to hedge funds coordinating an attack on a stock right? only it takes a million people to have enough funds to go up against a hedge fun
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