So if you had $50K to invest, where would you put it?

[Cyberdemon]

Originally Posted by NorCalAthlete

Friday will begin the GME bleeding most likely, but it will take at minimum till next Friday to reach the ceiling according to this post :

https://www.reddit.com/r/wallstreetb...e_army_secret/.

Ah man already deleted. Looks like it's pushing $500 premarket. My paper hands will probably fold at 500%

[NorCalAthlete]

Damn. Robinhood now straight up hid GME and a couple others from its search, even if you own them, and locked people out from buying more. Can only sell what you have.

I was gonna dump my Tesla shares and buy more GME this morning when it dipped under $300 and now we’re already back at $400+ and I can’t buy more.

Blatant manipulation and people are filing SEC, FBI, FINRA complaints.

[kscarrol]

Originally Posted by NorCalAthlete

Blatant manipulation and people are filing SEC, FBI, FINRA complaints.

Oh, wait, what happened to de-fund the SEC... asking for a friend.

[BzsBimmer]

Originally Posted by NorCalAthlete

Damn. Robinhood now straight up hid GME and a couple others from its search, even if you own them, and locked people out from buying more. Can only sell what you have.

I was gonna dump my Tesla shares and buy more GME this morning when it dipped under $300 and now we’re already back at $400+ and I can’t buy more.

Blatant manipulation and people are filing SEC, FBI, FINRA complaints.

Yeah that’s crazy that RH and others would block buys. That in itself may cause sell offs or drops and really only help the shorts solidify their gains or stem losses quite a bit. Doesn’t sound very “Robin Hoodish”.

[vreihen16]

Originally Posted by kscarrol

Oh, wait, what happened to de-fund the SEC... asking for a friend.

Occupy Wall Street?????

[Zara]

Originally Posted by NorCalAthlete

Damn. Robinhood now straight up hid GME and a couple others from its search, even if you own them, and locked people out from buying more. Can only sell what you have.

I was gonna dump my Tesla shares and buy more GME this morning when it dipped under $300 and now we’re already back at $400+ and I can’t buy more.

Blatant manipulation and people are filing SEC, FBI, FINRA complaints.

Real shady shit what they're doing and how ironic that their name is Robinhood yet it seems like they're trying to do the exact opposite lol.. Luckily the power of the internet is no joke and we got other countries and more people than ever buying these stocks. At this point its a battle against retail traders and the institutions.

Chamath had a great talk on CNBC yesterday, but it seems like youtube is taking down the video over and over but here it is.

[TboneS54]

Tech censorship, now finance. It's all a game.

So I guess Youtube sees CNBC as fake news? Good to know.

[BzsBimmer]

Yeah regardless if I had skin in the game or not, blocking buys but not sells is wrong fundamentally. Do trade halts but to block them completely seems wrong.

Maybe just missing bigger picture.

[Cyberdemon]

Originally Posted by BzsBimmer

Yeah regardless if I had skin in the game or not, blocking buys but not sells is wrong fundamentally. Do trade halts but to block them completely seems wrong.

Maybe just missing bigger picture.

The bigger picture is power and money control the power and money. VC's have their money in hedge funds and board seats have influence over what private companies do.

The mainstream media can go on every day and tell you what stocks to buy because they know it supports the right narrative. Suddenly idiots push in the opposite direction and every media outlet is running stories of "this is illegal" "you can't do this" "must be the alt-right", so it gets a little crazy in plain sight in an effort to protect billions of dollars in hedge fund money.

[BzsBimmer]

No, I agree. Find it frustrating that some platforms are seemingly acting independently of SEC guidance because if it was justified, ALL trading platforms would block transactions via trade halts.

I was really shocked to see RH at the center of this sh!t show versus larger platforms like Fidelity who are still allowing buy/sell of GME and AMC.

[NorCalAthlete]

Citadel has something like a 40% stake in Robinhood. Citadel bailed out the hedge shorts to the tune of almost $4 billion, and that was gone in a day. They're at about $14 billion in losses and growing.



Edit - just checked Robinhood and got the message "Due to ongoing volatility, some securities like AMC and GME are position-closing only."

Huh. It's not like IV crush is a thing...it's not like there are ways to make money off of volatility...it's not like there's an entire index (or rather, set of indices) that literally just track volatility...it's not like there are disclosures around risk you have to sign before opening an account...

No, they're just trying to protect you from risk!

[TboneS54]

"For your safety"
"We know what's best"

[JP10]

Originally Posted by NorCalAthlete

Citadel has something like a 40% stake in Robinhood. Citadel bailed out the hedge shorts to the tune of almost $4 billion, and that was gone in a day. They're at about $14 billion in losses and growing.



Edit - just checked Robinhood and got the message "Due to ongoing volatility, some securities like AMC and GME are position-closing only."

Huh. It's not like IV crush is a thing...it's not like there are ways to make money off of volatility...it's not like there's an entire index (or rather, set of indices) that literally just track volatility...it's not like there are disclosures around risk you have to sign before opening an account...

No, they're just trying to protect you from risk!

Yeah I have AMC, SNDL, CTRM, AAL on Robinhood and I can't buy any of them. Outrageous. Not selling though lol. I dont have much skin in the game but its the damn principle.

[vreihen16]

Originally Posted by JP10

Yeah I have AMC, SNDL, CTRM, AAL on Robinhood and I can't buy any of them. Outrageous. Not selling though lol. I dont have much skin in the game but its the damn principle.

Tell that to your cats in 40 years!

FWIW, Fidelity just let me buy 3 shares of AMC. Don't laugh, it was all of the settled cash that I had available to trade in my account at the moment.....

[NeverL8]

I can’t forgive Robinhood for doing this.

Can anyone recommend any other platforms that can be easily accessible by phone app? I already have Webull and it’s not my favorite.

I heard TD was good, any other?

[BzsBimmer]

I use fidelity but may not be much better than TD. Reality is RH interface is actually pretty good when it’s working.

[P1]

My buddy bought DOGE as a joke. He’s having the last laugh now.

[NorCalAthlete]

Originally Posted by TheRussski

I can’t forgive Robinhood for doing this.

Can anyone recommend any other platforms that can be easily accessible by phone app? I already have Webull and it’s not my favorite.

I heard TD was good, any other?

I've been slowly shifting everything over to Schwab anyway so that's where I'm heading. Phone app is good and definitely more complex / professional than Robinhood's. If you're going to do Level 2 / 3 options trading you'll have better control w/ Schwab's app than RH's - RH is K.I.S.S. and hides things behind big shiny buttons that make it simple to use but imo a bit more difficult to learn the technicals and such.

The one thing I don't like is it doesn't update by the second like RH does. So you have to click in and out of positions to refresh for prices. Not a big deal normally with less volatile stocks you're setting limit buys on, but with something like GME where you're trying to time massive swings, it does make a big difference.

[premier3is]

Originally Posted by TheRussski

I can't forgive Robinhood for doing this.

Can anyone recommend any other platforms that can be easily accessible by phone app? I already have Webull and it's not my favorite.

I heard TD was good, any other?

I've used many before, but TD is by far the best if you're a beginner or advanced trader. the thinkorswim platform on computer literally has everything you need.

[NeverL8]

Thank you guys, I will take a look at both!

One thing I’m gonna miss on RH is partial shares but that doesn’t overweight the other BS

[JasonCSU]

Originally Posted by kscarrol

Ah, thanks. And yes, the growing power of these platforms to shutdown free speech is very concerning.

Maybe I am missing something, but how exactly are private platforms with their own terms of use shutting down free speech? My understanding of free speech under the 1st amendment is that it is protected from government censorship. Private companies and platforms don't fall under that protection, and therefore can censor whatever they want, usually stating their terms of service or use were violated.

I imagine this type of "non-traditional" free speech would need new regulation to truly become protected free speech. Ironically, this reminds me of when Net Neutrality was in place. Some people wanted net neutrality removed because they deride what they consider unnecessary regulation. Part of net neutrality protected against censorship, and if I understand it correctly, would have potentially protected this type of speech online. The ironic part is, the people who wanted less regulation got what they asked for, yet are upset when non-protected speech is censored because there isn't regulation to protect it.

[kscarrol]

Originally Posted by JasonCSU

Maybe I am missing something, but how exactly are private platforms with their own terms of use shutting down free speech? My understanding of free speech under the 1st amendment is that it is protected from government censorship. Private companies and platforms don't fall under that protection, and therefore can censor whatever they want, usually stating their terms of service or use were violated.

I imagine this type of "non-traditional" free speech would need new regulation to truly become protected free speech. Ironically, this reminds me of when Net Neutrality was in place. Some people wanted net neutrality removed because they deride what they consider unnecessary regulation. Part of net neutrality protected against censorship, and if I understand it correctly, would have potentially protected this type of speech online. The ironic part is, the people who wanted less regulation got what they asked for, yet are upset when non-protected speech is censored because there isn't regulation to protect it.

True on the free speech issue so I expect you'll expound on the terms and conditions of the brokerage agreement all these RH users agreed to while opening their accounts and how that makes their complaints about limiting trading or liquidating positions baseless as well. After all it is a private platform and they agreed to the terms... And brokerage agreements are not subject net neutrality rules.

And as for the assumption above, that may or not be true but how about we research it to see if it's true or not. I don't know either but let's not just assume... Would net neutrality really have prevented these private platforms from deciding what can be discussed based on terms and conditions? I honestly don't know but perhaps someone with more knowledge could speak up.