By Fenderputty Go To PostWhy is Doge going up? Lol are people just bored. I don’t get it! 😂wasn't Elon Musk part of the doge.x project when it first launched?
By Fenderputty Go To PostWhy is Doge going up? Lol are people just bored. I don’t get it! 😂
The swarm is being directed to jump on Doge it seems. Some people are making a lot of money.
One thing that is good is at least it has begun to educate people on the rich man's game called the stock market. Great way to get consistent gains over the long term which can really provide you with liquidity and plan for retirement.
By Lunatic Go To PostOne thing that is good is at least it has begun to educate people on the rich mand game called the stock market. Great way to get consistent gains over the long term which can really provide you with liquidity and plan for retirement.Did you misspell rich mans game or rich mind game because both seem true.
I'd hold off on jumping into anything right now.
If you dont want to deal with the SEC and market manipulation shite.
If you dont want to deal with the SEC and market manipulation shite.
By blackace Go To Postanybody buying Dogecoin?Bought some XLM since Doge isn’t on coinbase. Nothing major though, just dipping my toes in.
Got a single GME share. Gonna hold onto it forever. I don't care if it goes to 10,000 and drops down to 5, I'm just here to watch hedge funds eat themselves
By LabouredPatriot Go To PostHow could people find out these financial terms? I mean, everyone knows you need a degree and years of working in financial institutions to understand the complexities of "shorting". Not like you can just look this stuff up on the internet. Yes, a barely known shitpost community is obviously just astroturfed by investment bankers, who are well known for having lots of free time to waste
Lol, this came up at our markets meeting this morning - our Head of Markets confessed he hd no idea what Reddit was and had to join this very morning.
By Daz Go To PostLol, this came up at our markets meeting this morning - our Head of Markets confessed he hd no idea what Reddit was and had to join this very morning.If he needs some porn subreddit recommendations let me know.
By LabouredPatriot Go To PostThat's weird, I didn't know people in the financial world were aloof and patronizing. Very against type
fucking reddit may have prevented us from embracing the full "release movies on streaming simultanously" future
Previously on trading app amateurs
“This is what’s happening and you should all do this”
“Actually, this is what’s really happening and you should all do this”
“Hi my name’s Martin Shkreli. You might remember me from seven years for securities fraud. He’s some premium quality advice from my prison cell”
*Elon tweet cliffhanger ending*
“This is what’s happening and you should all do this”
“Actually, this is what’s really happening and you should all do this”
“Hi my name’s Martin Shkreli. You might remember me from seven years for securities fraud. He’s some premium quality advice from my prison cell”
*Elon tweet cliffhanger ending*
By Xpike Go To Postfucking reddit may have prevented us from embracing the full "release movies on streaming simultanously" future
I’m kinda hoping this future still exists lol
A big part of me wishes us retail folk could've pooled this money up and gave it to this in significant need. I wonder how many hundreds of millions (maybe a billion?) of dollars we pumped into this for the lolz. Anybody have a guesstimate?
By AlphaSnacks Go To PostA big part of me wishes us retail folk could've pooled this money up and gave it to this in significant need. I wonder how many hundreds of millions (maybe a billion?) of dollars we pumped into this for the lolz. Anybody have a guesstimate?That's basically GoFundMe.
https://www.cnbc.com/2021/01/29/sec-reviewing-recent-trading-volatility-amid-gamestop-frenzy-vows-to-protect-retail-investors.html
The SEC said it is reviewing recent trading volatility that has led to a meteoric rise in GameStop and AMC Entertainment.
The SEC vowed to to protect traders and promised to scrutinize actions taken by brokerages that may “unduly inhibit their ability to trade certain securities.”
“We will act to protect retail investors when the facts demonstrate abusive or manipulative trading activity,” the SEC said in a release.
By Xpike Go To Postfucking reddit may have prevented us from embracing the full "release movies on streaming simultanously" futureMemes aren't bringing covid numbers down yet
By Lunatic Go To PostSEC can't do shit. Robinhood technically did nothing wrong.
Depends on if they were instructed by the shorters no?
Also
By Fenderputty Go To PostDepends on if they were instructed by the shorters no?Nah they can just say the needed to meet the capital requirements set by the SEC itself. Remember yesterday they needed to tap into their lines of credit. Also as much as I like to infer that Citadel had a hand in forcing Robinhood to act at the end of the day as Market Maker they were pulling in profits from both ends because of increased trading activity.
Also
By sy Go To PostShould I put my life savings into nokia stock?absolutely not. never chase, unless its a blue chip stock.
By sy Go To PostShould I put my life savings into nokia stock?Sure, $50 ain't much to potentially lose.
By Lunatic Go To PostSEC can't do shit. Robinhood technically did nothing wrong.I wouldn't be so sure.
By Daz Go To PostI wouldn't be so sure.lol why not
I mean if anything it's combination of clearing housed factoring in the volitity and demanding more pledged collateral and SEC requirements as a result or in conjunction of increased activity. Robinhoods statement didn't help but because it was written by lawyers it's not pleb friendly.
In the end it's victim of its own success and because it's a tech bro company they don't plan at all for these inevitabilities.
In the end it's victim of its own success and because it's a tech bro company they don't plan at all for these inevitabilities.
By Lunatic Go To PostCan we post more about actual ways for our individuals here to make wealth.If anyone has the lottery numbers you can tell me, I can keep a secret.
By Lunatic Go To PostCan we post more about actual ways for our individuals here to make wealth.
yes please
work is killing me. i want to retire early. someone help.
While I do want to mess around with stocks sometimes in the future (and not just gamestonk), I am finally getting around to not letting money waste away in my bank account. Starting with around 600 to 1200 euros a month from here on, which my current situations allows me to save a month. Just index funds. Got a good chunk of money from two paid insurances as well, that I could invest if I wanted to. But going to wait out a month or two, to see what happens with the stock market, after all this shit.
My guess is that the rich are going to use shady tactics to keep profiting from it with little to no consequences
By sy Go To PostWork harder
By Lunatic Go To PostCan we post more about actual ways for our individuals here to make wealth.Yea fr I know some of you don't usually post in here but there's some proper good advice you can already ingest beyond the GME shit
By reilo Go To PostYea fr I know some of you don't usually post in here but there's some proper good advice you can already ingest beyond the GME shitMaybe someone can make a stonks thread and a separate 401K/Index fund/Roth IRA, etc thread so people know where to get the information they need?