The Rokslide Stock Traders Thread

[Ranger 692]

Maybe you should re read my post. I wasn’t whining. Don’t think I said anything about automatic returns either. Maybe before you jump my sh** you should get a grasp on what my point was.


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Sounded like whining to me.

 

[EastMT]

They have no choice, remember their clearing house sets the liquidity requirements and the government also has a few others but I won’t go down that road. All the main clearing houses raised everyone’s liquidity requirements, this forces RH, Merril, Charles, Goldman, Fidelity and everyone else to rebalance their books.

Also your primary broker can sell any position you have at any time to fix their books... it’s in the fine print when you open an account.

Regular equites are no different than options as the market moves up and down it forces your broker ( think RH or whoever) to constantly rebalance and show the clearing house they have the available $’s on the books to cover any loses. The larger the volatility the larger the collateral they need in their bank at all times.

The reason they restricted these names was because retail was buying more than RH had the ability to hedge with the liquidity they had in their bank accounts. No money in bank account means clearing house shuts you down and in turn shuts down retail buying. The reason only selling was allowed was to bring money back into their accounts.

Weird, the system is set up to protect the top, essentially bailing out themselves at the cost of the avg joe who had a home run brewing. Hmmm, 2007-08 repeats on a private level. I think they should also make shorting illegal for hedge funds. If you have the power to drive a company down and shut them down, you should be stopped by regs. Guessing a stock goes down is one thing, forcing it to go down via announcing your position and calling on other shorts to drive them in the ground in manipulation and should be in jail

 

[cmahoney]

Weird, the system is set up to protect the top, essentially bailing out themselves at the cost of the avg joe who had a home run brewing. Hmmm, 2007-08 repeats on a private level. I think they should also make shorting illegal for hedge funds. If you have the power to drive a company down and shut them down, you should be stopped by regs. Guessing a stock goes down is one thing, forcing it to go down via announcing your position and calling on other shorts to drive them in the ground in manipulation and should be in jail

That probably would be a reg if our politicians weren’t bought by Wall Street.


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[EastMT]

For those of you with Webull, they just posted a list of 10 short interest stocks under $10 in their news. Hope they can handle the influx of RH users bailing, pretty sure that’s what they are fishing for here.

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[NDGuy]

Hope they can handle the influx of RH users bailing, pretty sure that’s what they are fishing for here.QUOTE]

That’s exactly what they are doing lol

 

[EastMT]

Somebody bought a Times Square billboard hahaha.

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[cmahoney]

Somebody bought a Times Square billboard hahaha.

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I’d rather it be AMC


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[Gutshotem]

If anyone is sick of Robinhood or whatever other app didn’t allow you to trade certain stocks. Webull did a good job not restricting buying/selling outside of crashing at points but that happened everywhere.

You get 4 free stocks for joining using my link.

Earn Up to 4% Match Bonus

act.webull.com

Isn't Webull owned by communist China?

 

[Theringworm]

Speaking of Communist China.... https://www.bloomberg.com/news/arti...erance-covid-approach-now-includes-anal-swabs

Might be a good time to pick up some JNJ come Monday morning. They make @n@l swabs right?

 

[bridgerbenson]

Does fidelity allow extended market trading? And do you have to wait 3 days or whatever for funds to settle after selling before they are available again? I’m in TOS and like being able to trade ext. market but am annoyed with waiting for funds to clear after selling.


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[Spoonbill]

Weird, the system is set up to protect the top, essentially bailing out themselves at the cost of the avg joe who had a home run brewing. Hmmm, 2007-08 repeats on a private level. I think they should also make shorting illegal for hedge funds. If you have the power to drive a company down and shut them down, you should be stopped by regs. Guessing a stock goes down is one thing, forcing it to go down via announcing your position and calling on other shorts to drive them in the ground in manipulation and should be in jail

I’ll be the devils advocate and say I don’t see a problem with hedgefunds announcing their short positions. If anything it provides transparency into what they are doing.

Having said that, I think the issue is that other hedgefunds and large portfolios got comfortable with mimicking what the bigger funds were doing. No one expected some 32 year old with a finance degree to rally a subreddit to burn them. These hedgefund managers got lazy and greedy shorting a stock over 100% and now have to pay the price.
If there was collusion between Robinhood and these funds, they all need to go to jail. It won’t happen but hey you never know, the 2020s are shaping up to be a strange decade.

 

[Okhotnik]

Does fidelity allow extended market trading? And do you have to wait 3 days or whatever for funds to settle after selling before they are available again? I’m in TOS and like being able to trade ext. market but am annoyed with waiting for funds to clear after selling.


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Fidelity does

 

[cmahoney]

Robinhood has some new executive staff. The SEC just announced no investigation.

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[KSP277]

Looking to get out of RH. But I like the way it’s setup. Was easy enough for me to figure out. Is Webull set up similar?

 

[Loco4dux]

Not that similar, RH is more user friendly IMO. But I have both.

 

[Johnboy]

Robinhood has some new executive staff. The SEC just announced no investigation.

Well, knock me over with a feather.

 

[Mowy33]

Where do you guys buy your crypto?

 

[stump06]

I plan on going to coinbase and fidelity ASAP

 

[Shootinsurveyor]

FYI- Coinbase won’t let you buy a lot of the not so stable coins like Doge, zen, etc. Coinbase pro is a great interface that is easily understood for the most part. I was told it was the safest place to do basic crypto trading and the commissions don’t seem to bad. I would like to get in on the meme coins and buy some lottery tickets though.

 

[Theringworm]

I have both Coinbase and Coinbase Pro. I purchase everything on Coinbase Pro as the fees are very minimal and then you can move it back and forth on both platforms as you desire without being charged. IMO the basic Coinbase is more user friendly and easier to understand/navigate. However, a quick tutorial and you’ll understand the Pro version. As was mentioned by Shootinsurveyor, you cannot find all Cryptos available on Coinbase (I.e. XRP, dodgecoin, etc.).