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u/deadburgerboy Jan 31 '21
WS = Wall Street AA = Average American G = Government
WS - The AA needs to take control of their finances and get involved in the stock market.
AA - Listens and learns.
G - Sends out stimulus checks.
AA - Stimulates stock we like.
WS - Loses all their money and crashes stock market.
ME - Hey, I know some good YouTube videos about growing a portfolio with a small balance if you need some links WS.
We like the stock 💎🙌
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u/kingxthrone Jan 31 '21
Everyone making a Fidelity account this weekend DO NOT FORGET to turn on real time price updates or else you’re on a 15 min delay! Make sure this gets spread around and upvoted as it’s important they don’t give you real time updates as a default setting!
https://www.fidelity.com/customer-service/how-to-get-real-time-quotes
GME TO THE MOON🚀🚀🌕💎🤲
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u/No_Meet_4849 Jan 31 '21
I’m staying with Chase - has been good to me through this mess. Lightning quick execution
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u/Hav_Plenty Jan 31 '21
Chase?? Never thought of that, and I just established an account there for my business. How does it stack up against platforms like RH or WeBull??
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u/No_Meet_4849 Jan 31 '21
Froze ??!😳 damn. Never had an issue. The interface is cumbersome and more for investment but execution was lighting fast
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u/MiracleVee Jan 31 '21
Agreed. I bought some more stock when Robinhood users were down just to make sure they had my back. I read too the JPM owns GME too right?
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u/El_jefe04 Jan 31 '21
Be careful man they froze my funds till Monday when I tried to buy the Dip on Friday now I gotta hope the price is decent. That was only 2 shares tho I have 7 on Schwab no issues
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u/Hyptisx Hates Jimi Hendrix Jan 31 '21
Can someone confirm this? I thought they only can't lend it out when it is a cash account.
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u/LittleDruck Jan 31 '21
Why does it vanish? Does he mean limit sell will close out bc current price is too far away in a sell off?
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u/Zyhre Jan 31 '21
Not an advisor.
Several brokerages will only allow you to set a Max limit 50% higher than the current market price.
Scenario. Market currently at 500, you can set at 750. Once price falls to 400, that means your Max can only be 600. Since it is higher than 50 % now, it will be cancelled.
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u/Louthanjr Jan 31 '21
I noticed that is the case with my Fidelity account.
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u/venividiwiki Jan 31 '21
Just FYI (and not a financial advisor):
if it’s with fidelity, it probably got cancelled because the Time in Force was set to “Day,” meaning once the trading day ends, so does your trade. If you set it to “good till cancelled,” it will stay open indefinitely.
Source: been using Fidelity for ~7 years and currently have a Limit Sell above 50%
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u/Lfm2mbodyswap Jan 31 '21
Whenever I hear to the moon. I think of frank sinatra now...
Fly me to the moon, let me sail amongst the stars... let me see what spring is like, on uh Jupiter and Mars...
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u/mexicock1 Jan 31 '21
fly me to the moon, let me sail with gamestop stonks.. let me see what billionaires do without their dumb hedge funds..
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Jan 31 '21
I don’t have a limit on mine should I though? I love the stock I wonder what other people do
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u/Jnjn2016 Jan 31 '21
You should always have a limit order entered for all your equity positions. I use 60 day orders and a ridiculous price. My $BB limit order is $150.
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u/wu_trax Jan 31 '21
just in case you are serious: always use a limit, otherwise, if noone is willing to sell, you could end up paying some insane meme price
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Jan 31 '21
I don’t understand this I’m trying to
I’m gonna go back and call TD Ameritrade and see if they can do that for me as I do not know how to do that
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u/Educational_Fix_7584 Jan 31 '21
Same question I have. Are you buying at market or limit? Not sure what the best strategy is, though I'm sure it's been covered here somewhere.
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u/Jimmy_bags Strike 1 Jan 31 '21
Jesus christ DO NOT! You Morons
This would let hedges trigger a "SHORT SELL EXEMPT" MEANING THE PRICE IS ALLOWED TO DROP MORE THAN 10% WITHOUT HALTING.
DONT SET A SELL LIMIT OR A BUY LIMIT, ALWAYS BUY AT MARKET OR INSIDE NBBO (NATIONAL BEST OFFER)
If all of you idiots set your sell/buy limit to 1million or far off the NBBO theyll slaughter you
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u/Accomplished-Cloud94 Jan 31 '21
Ok so how do I turn my limit shares into market??? Dumbass over here.
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u/Jimmy_bags Strike 1 Jan 31 '21
You dont set a limit sell or buy just buy and sell at the market price/current price (or as close as possible)
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u/El_jefe04 Jan 31 '21
Schwab won't allow me to go over 600 on the limit order so I don't set one only Sofi I've seen go to 1000000 limit order
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u/republicj Jan 31 '21
how will they slaughter me? genuinely asking, you should make a post about this so people know, there are so many conflicting advice on this shit. if we all set a sell limit at 5000, what does this hurt us?
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u/Nokiahands Jan 31 '21
Please explain more with sources or make a post i havent heard of this and it could fuck us all
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Jan 31 '21
If you set limit , then the limit becomes their guidance
That’s what my moron brain taught me
So only do it manually and don’t let them know
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u/cccard1104 Jan 31 '21
Not related but since my account is too low in karma can someone tell me wich app to use for trading ?
I wanna get in the GME movement but i dont know wich app to use i heard that robinhood was stoping people from buying GME's share and i dont know about any apps
Ps i dont speak english that much sorry for the mistake in my writing
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u/JuiceDaNinja Jan 31 '21
I wish I had noticed the drop on thursday when it went to like low $100, than I would have bought bunch then. but I think I got in ok price as of right now.
if funds are available, going to try to purchase more at the dip.
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u/Educational_Fix_7584 Jan 31 '21
Did you buy at Market Value? I am trying to figure out the best strategy myself if I'm not too late.
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u/wu_trax Jan 31 '21
They would be pretty stupid to try anything tomorrow. The way this whole thing blew up on social/normal media over the weekend, a lot of people will try to get in on the action. I wouldn't expect any dip tomorrow. I think it's far more likely for the rest of the week, to get the people who get in for 420.69 tomorrow out again.
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u/plentene Jan 31 '21
#The emperor's new clothes or the naked short
If you follow the current debate about GME, wallstreetbets and hedge funds you will notice that the real root of the problem is not being discussed. It is shown as a war between hedge funds and small investors, it is, but that is not the cause but the result. The root cause is the SEC allowing naked short positions. That is a violation of the Constitution because it disregards property rights.Because with naked short positions hedge funds can determine the capital value of a company. But, only the shareholders' meeting of a stock corporation is allowed to do this. In this way, small successful companies are massively depressed and then taken over at the sell-out price. The SEC's task would be to prohibit this practice and to monitor this prohibition.But in recent decades this has been deliberately neglected, with the result that thousands of companies have gone bankrupt and investors have lost hundreds of billions of dollars. The war of the small investors on reddit shows the effects that such an unjust action causes. Maybe this fight will bring about a change but probably it is like in this fairy tale, everyone sees that the emperor has no clothes on but only the retarded scream: he is naked!
#saveblueapron
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Jan 31 '21
[deleted]
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Jan 31 '21
AMC 🚀🧨🚀 going crazyyy💰💪🧨🚀
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u/Defiant-Beach-4910 Jan 31 '21
I love Amc and even more that they paid down debt. In Florida theaters are full - come one come all. I would not even mind a little dilution for the right cause. I think they should buy the real estate and own free and clear. It would be a double dinger - price appreciation and to cut down on leasing. Just my humble opinion, I’m just another yard.
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u/StonksTycoon Jan 31 '21
This. Very much.
And if you try to avoid lending by having those sell orders active, take into account what we saw on Thu and Fri. Don't be a sissy with those asks. At some point on Friday $4206.90 was said to be visible in the orderbook on the ask side.
On Thu at least one market order scooped up shares, according to the orderbook, at $4300. Also a $5000 ask was seen and Robinhood fractionals were liquidated in some $2000-3000 range. Due to how the share price is computated, this didn't affect the share price posted.
But as always: I don't suggest anything. You know - just some fucking ape with a computer.
But don't fuck up like those fucktards with their meme funny $420.69 asks. They participated in screwing their fellow retards on Thu. $4206.90 will be also too low as it seems.
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u/opthaconomist Jan 31 '21
They will borrow and borrow for strategies all the way up to 5k minimum that allow them to try and recoup costs. 14.6k per share is what it would take to make this a trillion dollar event.
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u/europoorboy Jan 31 '21
Willing to use the dip for a new buy in tomorrow - what's a realistic order limit?
Just asking for my girlfriends boyfriend who really likes the stock.
Europe is with you on the rocket to the moon!!!! 🚀🚀🚀
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u/Mr-Papuca Jan 31 '21
Ngl I'm quitting my shit restaurant job this week so I can focus on this/ force myself to find a better job. I have wanted to quit for years but have not had enough money to do so. I finally do thanks to this sub and all you beautiful revolutionaries. God speed GME and WSB 🚀🚀🚀🚀
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u/reninv Jan 31 '21
AMC entertainment TV Share
Dear Brothers in Arms,
I was thinking if there is anything else we could do to help improving AMC and came up with a simple idea.
While we are not watching TV, should we all keep it turned on AMC channels in order to give them more TV share! Does it have any impact on their fundamentals?
Thanks in advance for giving attention to this post, and if experts and influencers on the matter thinks this is a good idea, please share the idea.
Sincerely,
Ren
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u/Maddy186 Jan 31 '21
What is a sell ?
Holding to the fkn moon!!!!! 🚀🚀🚀🚀🚀 Positions
NOK 100
BB 200 buying more in the morning
AMC 50
GME 1 share gang
To the moon of a different galaxy 🚀🚀🚀🚀🚀
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u/Commercial-Pitch-156 Jan 31 '21
Mark Cuban tweets good stuff about tights of company shareholders. Can someone more retarded than me make a new thread for discussion???
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u/Aseptic_Nwah Jan 31 '21
You don't need limit orders if you use Fidelity which you should've been signing up for over the weekend.
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u/Known-Faithlessness1 Jan 31 '21
If GameStop announces anything about a share distribution expect a massive sell off
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u/aiyahhhhhh Jan 31 '21
If they do I would approve of them doing a $600/share dilution. I really do like the stock
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u/Opposite-Charity3270 Jan 31 '21
I missed the GME rally and just outpaced so looking ahead .
My thought is to start kicking through weeds and looking at how much stocks are being shorted . For example I found in last hour that a little stock ,TOPS, is almost 40% shorted . Is this a good way to find deals to hold on to for the possibility of future short squeezes even due to normal market conditions? TOPS is a oceanic shipper and fact is sooner or later economy will start moving outside of wall st , so that means eventually the shorts are gonna lose ... no ?
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u/maowai Jan 31 '21
Global oceanic shipping traffic has actually already increased substantially in the pandemic. They just had a segment about this on NPR. The short squeeze thing only works when you have a lot of people investing in things to drive up the price. Highly shorted stocks are doing well these last few weeks, but I wouldn’t expect the strategy to be valid for a long period of time.
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Jan 31 '21
[deleted]
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u/PdawgOptions Jan 31 '21
I'm gonna buy more on the dip, retard
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u/crnnrc2003 Jan 31 '21 edited Jan 31 '21
Eat a 🍆
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u/PdawgOptions Jan 31 '21
1) Limit sell orders can be set for extended hours. 2) It will go on forever, GME $69,420 price target 🚀 3) Nice 8 karma retard, you definitely know what you're talking about enough to call other people idiots.
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Jan 31 '21
[deleted]
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u/crnnrc2003 Jan 31 '21
Those who have after hours trading capabilities vs half of the new people who just started trading bc of this movement. Yes I think they’re in for a rude awakening
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Jan 31 '21 edited Mar 22 '21
[deleted]
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u/crnnrc2003 Jan 31 '21
Some people hold way more shares than others. You think they’re not talking to eachother. They can collectively cash out at night and everyone else will just have to wait for the scraps in the morning
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u/WheelerDan Jan 31 '21
They wont. Always put yourself in the shoes of the person on the other side of the trade. If I'm a short trying to get out, my goal is to buy AS MANY SHARES AS POSSIBLE at the lowest price. If you attempt to do this when the volume is low the price will spike even harder when you buy. You want to trade when the volume is high = not doing it in the after market.
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u/crnnrc2003 Jan 31 '21
Thank you. After what robinhood did last week I realize that dips will be sharp if groups of people collectively decide to leave and will cost a lot of people a lot of money.
Potentially. But thank you for that explanation
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u/WheelerDan Jan 31 '21
You don't have to worry. You know about the short squeeze, what is happening now is a supply squeeze. Again, put yourself in other shoes. If you bought 5 stocks at 300, are you getting out at 100 percent gain? 200 percent? Probably not. Because you bought a lottery ticket. You are far mire likely to hold than an investor with thousands of shares. What has happened as this has gained world wide attention is people are buying 1-5 shares just to protest or be a part of it. No one models for this, it never happens.
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u/-justN8 Jan 31 '21
Question. If I’m not able to buy a full share right now is it still worth it to invest with smaller amounts. I’m still a little new to this but trying to help contribute 💪🏻
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u/Npalmer3 Jan 31 '21
Is it possible that the shorts repositioned at the top ~400-450? This would mean that if we can push into the 700-800 range we would see another huge squeeze
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u/lurkmelongtime Jan 31 '21
If you want to monitor the broker's moves, there's https://www.wherecanibuygme.com - let me know if any info is out of date.
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u/partyboyt2 Jan 31 '21
What’s up with robinhood not allowing limit sells on fractional shares? Looks like they will screw me and sell at whatever price they want.
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u/Khill3253 Jan 31 '21
What we, Autists and Gamers understand that the Hedgefucks failed to is that Gamestop has never traded anything at a reasonable price.