[XKxRome0ox]

You can't knock cash
Cash IS a position and an important one

I couldn't buy GME because I didn't have enough cash sitting in my robinhood account
I had to sell other stuff which I hesitated to do
Then I had to wait for the deposit to clear which made me miss out on the better price
Each time my average cost went up

Someone I work with made over $700k daytrading shares starting last Friday
But he was able to do that because he had cash ready in the account

[ptper]

Originally Posted by XKxRome0ox

If this is your first rodeo, I don't think an option play on GME is the way to get your feet wet

But if you do... Good luck

First rodeo trading options. I normally only play in the index/etf space

But, I agree this is not where I want to pop my cherry.

[TheFanatic]

Originally Posted by XKxRome0ox

You can't knock cash
Cash IS a position and an important one

I couldn't buy GME because I didn't have enough cash sitting in my robinhood account
I had to sell other stuff which I hesitated to do
Then I had to wait for the deposit to clear which made me miss out on the better price
Each time my average cost went up

Someone I work with made over $700k daytrading shares starting last Friday
But he was able to do that because he had cash ready in the account

that's a damn good day! I missed my window for the gamestop but was prime to go in heavy with dogecoin cash was there just couldn't get in.

[TheFanatic]

question is, will we all be prepared for the next one? with tens of thousands of new people now flooding the market hoping to cash in on the get rich quick stocks/crypto are we about to see the rise (and subsequent fall) of hyper inflated day trading.

[Noneya]

Originally Posted by premier3is

This has got to be the dumbest post I've seen today.

If you think what the brokers did today was legal to stop the purchasing of stocks with your OWN money, you're licking billionaire asses for sure.

Coordinated trading to manipulate the price of stocks is price manipulation.

If you think being a cog in a large wheel is what protects you - that may be true, but brokerages don't have that luxury, and if this continues I expect every single brokerage to block these manipulating trades. How exactly they will decide what's a manipulating trade is a hard problem and I don't envy their position, but in the short term blocking everyone works.

[Noneya]

Originally Posted by XKxRome0ox

keep licking the boots of the billionaires who profit by destroying the economy
short selling beyond the available number of shares is what is causing this


my resolve is even stronger now
glad i was able to buy some more today with my newly opened Chase account
(their platform sucks but at least they don't restrict anything)
holding through the weekend

when the dust settles
we either put a little dent in the short sellers and humble them
or we blow up our accounts in a spectacular fashion


and i'm moving everything out of Robinhood

Your resolve to manipulate prices and/or gamble shall not be dettered by anything. Full steam ahead cowboy.

[TheFanatic]

https://www.yahoo.com/news/congress-...033034114.html

[NorCalAthlete]

To be fair, I was about 50% cash already (house shopping and needed the down payment on standby...6 figure down payment out here). The shopping has been going for a year though so I've had that portion just sitting this entire last run so I definitely missed out on some massive gains.

That being said, this GME run is definitely making up for it and then some, and if it does what I'm crossing my fingers it will, I'll only be about 20% cash...lol.

[XKxRome0ox]

Originally Posted by NorCalAthlete

To be fair, I was about 50% cash already (house shopping and needed the down payment on standby...6 figure down payment out here). The shopping has been going for a year though so I've had that portion just sitting this entire last run so I definitely missed out on some massive gains.

That being said, this GME run is definitely making up for it and then some, and if it does what I'm crossing my fingers it will, I'll only be about 20% cash...lol.

That worked out great for you
Perhaps you can buy your house in cash after everything is done lol


What is your realistic and dream price goal for GME?
I'm selling about half if it spikes over $1000 and then holding until at least Monday-Tuesday and just watch how it goes and market sell

[FastF30]

Originally Posted by TheFanatic

binance crashed hard for hours due to all the demand on their site. you backed out at the right time .077 was as high as it got. We may see another rise again once people get out of bed after giving up with the website being down.

I could have rode the wave up from .02 but it took over 4 hours just to log in and by that point it was pushing .068 and I held off for the night

.02! ..... dang buddy... you making profit no matter what... lol... lucky you... I use binance for some trading (doge..lol) but I also use a vpn which is why I most likely didn't crash... price still could go up...

btc shoot up due to all this doge coin money and Elon tweeting... 33k is my break even buying back in (used a coin for doge)... I should of bought back in at the 32k drop... hopefully this price doesn't hold.. I don't expect big investment companies to pay current price... so hopefully it will drop back down ... so we'll see.. if not I'll just hold the cash for the next opportunity even though I don't like keeping cash not invested in something working for me...luckily I have more btc coins in my possession... fun times...

P.s. My favorite trading site is Bybit.... you can set "trade".... "stop loss"... "trailing stop loss" ... all in one order... very very handy.... but limited on what coins you can trade...

[Cyberdemon]

Surprisingly flat today, so I pulled the boomer move of cashing out 30% of my shares just to cover my initial investment and now 70% can fuel the rocket risk free.

I'm worried today is wayyy too stable. Which makes me think the end of day will either be super volatile, OR they are waiting for over the weekend for someone in Washington or the SEC to throw yet another wrench in this thing. From here on out I'm just going to eat the popcorn and hope this thing goes to the moon.

[XKxRome0ox]

Originally Posted by Cyberdemon

Surprisingly flat today, so I pulled the boomer move of cashing out 30% of my shares just to cover my initial investment and now 70% can fuel the rocket risk free.

I'm worried today is wayyy too stable. Which makes me think the end of day will either be super volatile, OR they are waiting for over the weekend for someone in Washington or the SEC to throw yet another wrench in this thing. From here on out I'm just going to eat the popcorn and hope this thing goes to the moon.

i am no expert
this is not financial advice
but take a look at the candlesticks for the trading volume
it is ridiculously low
everyone's waiting
and still having BS limit on buying GME on Robinhood doesn't help

(can buy max 5 shares. if you already have more than that, you can't buy more.)

[FastF30]

Originally Posted by XKxRome0ox

and still having BS limit on buying GME on Robinhood doesn't help

(can buy max 5 shares. if you already have more than that, you can't buy more.)

That really erks me what they are doing...heard they are also limiting buys on other shorts also.... It's okay if us little fish lose money but not the whales...

[NorCalAthlete]

Originally Posted by XKxRome0ox

That worked out great for you
Perhaps you can buy your house in cash after everything is done lol


What is your realistic and dream price goal for GME?
I'm selling about half if it spikes over $1000 and then holding until at least Monday-Tuesday and just watch how it goes and market sell

Realistic ish - $1k.

That being said I have limit sell thresholds at $2k/$5k/$10k/$15k. Some people are speculating it could spike as high as $30k if it were to match VW’s “temporarily most expensive company in the world” status.

[Cyberdemon]

Originally Posted by XKxRome0ox

i am no expert
this is not financial advice
but take a look at the candlesticks for the trading volume
it is ridiculously low
everyone's waiting
and still having BS limit on buying GME on Robinhood doesn't help

(can buy max 5 shares. if you already have more than that, you can't buy more.)

My bigger concern is: Once this afternoon hits, if there ends up being a lot of volatility or it closes lower (plenty of positions don't close this Friday so like folks have said much of this will still be a longer game of bleeding them out day by day) - if Washington or someone steps in next week and puts in another blocking move (or starts to sell peoples shares without their permission, who knows what other kind of crazy shit could happen) I just didn't feel like sitting there completely open.

Still 70% in and willing to hold that as long as I need now without having any back sweat. If I see another wild dip I might buy some percentage back as well.

[smyles]

So is anyone trading volatility? Used to ride tvix & xiv, wish there was something comparable.

[FastF30]

Originally Posted by smyles

So is anyone trading volatility? Used to ride tvix & xiv, wish there was something comparable.

I basically trade volatility everyday for bitcoin... see prior posts in this forum.. very very good money... had to sleep last night/morning... or I would of sold at 38K ... lol...

[TboneS54]

I like videos games

and I like movies

[XKxRome0ox]

Originally Posted by TboneS54

I like videos games

and I like movies

then we like these stocks

[XKxRome0ox]

Originally Posted by Cyberdemon

My bigger concern is: Once this afternoon hits, if there ends up being a lot of volatility or it closes lower (plenty of positions don't close this Friday so like folks have said much of this will still be a longer game of bleeding them out day by day) - if Washington or someone steps in next week and puts in another blocking move (or starts to sell peoples shares without their permission, who knows what other kind of crazy shit could happen) I just didn't feel like sitting there completely open.

Still 70% in and willing to hold that as long as I need now without having any back sweat. If I see another wild dip I might buy some percentage back as well.

there will be blood in the water
but i think the fireworks happen next week

[Cyberdemon]

Originally Posted by XKxRome0ox

there will be blood in the water
but i think the fireworks happen next week

BTW I think this is a good non-emotional read that splits a good middle ground.

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

The volatility of yesterday is a way to drive emotion to make irrational decisions. The stability of today will likely induce some false sense of calm, but that doesn't mean anyone should forget the deck is stacked against the little guy and the fireworks show could get rained out by external forces we were too hyped up about to see coming.

They have more power in this hand than we do and the worlds biggest banks backing these various brokerages and funds (who were already bailed out once by your own tax dollars) still only need one good swat to squish this thing like a fly.

For me I'm OK hedging that risk by knowing some of this money is outside of their grasp and buying in early paid off.

[TboneS54]

The attack is coming, hold da door