I got pulled into a critical system outage this afternoon and missed the window. No matter, I'm already up a couple grand this week and my remaining position is small. Never really participated in day trading before. I can see why some people get addicted to it. Plus I was just notified that I won our local liquor store's raffle which entitles me to purchase a bottle of Sazerac Rye 18 year at MSRP. It's been a pretty good fucking day.
So far my biggest claim to fame was that I got to sell 3 GME's at $450... which was my first-ever time doing a limit sell order. I'll take that.
Yeah... I wonder how many were expecting this huge surge by EOD as today was supposed to be the big "TO THE MOON!" event... and it never really showed up. I'm also going to be interested in seeing how DeepFuckingValue did... see if he held his position... sold off a bunch... We'll see. Again, I didn't make insane or life changing profits, but I did make a new gaming rig, while not losing money, so I consider that a solid win.
Ha. I thought of the amount I made as just enough to pay off the gaming rig I just put together. It worked out perfectly. As for RoaringKitty/DFV, he already cashed out some of it for $13 million a few days ago. Even if he loses everything else, that’s still an insane ROI. Apparently, he lives like an hour away from me. I should go see if there are any brand new Lambos spinning around his town in a few weeks.
He hasn't adjusted his position since he banked that $13.8 million. He took a bath yesterday but is back up today. Portfolio value at close was ~$46 million.
Technically, no. Although having to get a 5bn dollar bail out from another hedge fund is probably not the best thing in the world. We'll see if any of the shady things they've done the past 3 days comes back to bite them in the future, but if history is any indication, the worst thing will be a few million dollar fine and off they go. However, for a little bit there, the market and some hedge funds were in 2008 levels of fucking trouble.
My deposits always post nearly instantly, but they're generally small $200 deposits from a linked bank account. I never had a trade rejected during this thing but I didn't participate in GME. A little AMC and more NOK along with some more typical trading. I don't have a lot of experience with other platforms, so I can't tell you if webull sucks relative to the other options. It seemed to get decent reviews by people that know way more than myself.
And who the hell brought NOK into that whole nonsense? It wasn't, and still isn't, heavily shorted. Looks like it had a bunch of buyers for a short period and people enjoyed a bit of a bump, but it settled back down. I'm holding at least until the earnings report next week. Seems like a safe position that might pay off at that time. I didn't research the shit like normal, just saw it was part of this and bought, like a fool.
There were a ton of bots that started to shill non GME stock when the spotlight was put on WSB. Pump and Dumps have been around for a VERY long time.
Interesting AMA from the co-founder of TradeZero... talks about a bunch of fallen hedge funds, the pressure his company was under to stop allowing GME trades, etc. https://www.reddit.com/r/IAmA/comments/l81l3g/dan_pipitone_cofounder_of_tradezero_fought_our/ EDIT: I found it REALLY interesting... dude lifted the curtain a bit on some background shit they go through... talked about how they make money, how RH makes money in comparison, etc.
As super quaint and dorky as it is, I started a literal “cookie jar” savings for loose change and cash, to build up a few hundred to play around with. Made it official by labeling it “STONKS,” even.
Rampant speculation that RobinHood is having liquidity issues, as everyone bails from their platform as they pull their shit... and now they're running ads for legal staff. GO FIGURE.
https://old.reddit.com/r/stocks/com..._take_my_business_elsewhere_since_rh/gl95htk/ Dunno if this helps anyone else, but if you're killing your RH account, this is an option and it took me seconds (Fidelity manages my 401k).
This morning, I was mulling over how ridiculous some of these financial instruments are. I just find it so stupid: half of these things only exist because some ultra-rich people were sitting around thinking, "we have a lot of the money, but how can we obtain most of the money?" They aren't real in any meaningful way, they're just ways to abstract out more and more financial concepts so they're easier to buy and sell. And low and behold, Defector had written an article on the very thing I was thinking about: https://defector.com/its-all-made-up/
Their CEO is a lying, corrupt snake. He was lying about why people couldn’t trade, I hope he goes under and I hope there is a way to put him in fucking prison. Seeing all these rich, psychopathic assbags uncomfortable for the first time in their entire lives makes 2021 already better than last year, even if nuclear happens.