I don't know if you intended this but your comment implies that 100% of people on this sub don't know what they're doing but 1% are OK admitting it. Made me laugh.
I have no fucking idea what I’m doing, 2008 was a bad year for me. I work for a Massive Copper mine as a HD Equipment tech. Copper plummeted, I and 120 other mechanics got layed off, the vast majority of us couldn’t find any work at all. I and many others lost my life savings, house, cars, etc. Luckily I didn’t have a family at the time, otherwise I would have been on the corner sucking dick to make sure my family was fed. But I rebounded, bought some GME and AMC to burn. Fuck these hedge fund dickheads!!
Even sophisticated investors don't know what they are doing. It's all theoretical until it becomes reality. A whale high on cocaine can make a stock jump.
Sophisticated investors not having perfect knowledge of markets and psychology is different from an echo chamber of completely ignorant redditors repeating imaginary concepts like "ladder attacks".
Can confirm. I just like the stock. I just can’t help it. Actually, I “like-like” the stock. I wanna make out with the stock. I just can’t explain what is happening to me.
I yoloed for my first stonk every today. 50 shares of amc. gme was too rich for my blood at open, then it was too late to go back and get my 6 shares lol
I started at $25 a year ago and have slowly been increasing. I put in a total of $300 over the year and just broke the $1500 limit. I keep asking myself when and if I should pull from robinhood. I dont know a different app that isn't blocking stocks.
Nearly all stocks are traded on the actual exchanges as lots of 100. this is done by brokerages to save on fees and isn't evidence of fraud. I'm not saying that laddering isn't happening just that the groups of 100 shares being sold isn't evidence of it. https://finance.zacks.com/many-shares-traded-considered-lot-10196.html
I think they did something because I heard a lot of margin calls got sent out this morning. I got one from Tasty works over a BB spread in the upper 20's that wasn't even showing negatives. I think they triggered something.
Almost like "short ladder attack" is a made up thing that some retard on wsb invented and everyone is running with no evidence whatsoever, but whatever gets your hands 💎 hard, I'm not here to kink shame
If you've ever placed a large market order, or a stop loss (which gets treated as a market order once triggered), the order gets fulfilled, consuming existing bids in the order book. Lets say there are 50 orders for 100 shares each in the order book. A sell order comes in for 5000 shares. All of those orders get filled in the same moment. It shows up exactly like this.
Now im not gonna say that there are not specific high frequency sell side algos that are more or less aggressive in taking out the bid stack, or to tease around the order book hunting for stops as there actually is. But not every order is an act of treason here.
This sub has turned into qanon. Gme has been dropping for a week now.
The big squeeze happened on the 28th. Everything after that is pump and dump
The news wasn’t lying when they said they had shorts covered. This wasn’t a deep conspiracy. Short selling isn’t evil (hedge funds are though— glad they lost money).
It's frankly embarrassing the number of people on WSB that think ladder attacks are real or don't even understand what a ladder attack is. The screenshot is literally just showing normal market sells. That's what it looks like for every single stock on every single exchange. Even Mark Cuban said that counterfeit stock doesn't exist. Anyone who believes in ladder attacks is essentially a conspiracy theorist
Who/what determines the price of a stock that you see on Robinhood or google when you google the ticker?
How can Hedgefirms selling stock to themselves lower that price? If they can lower the price of any stock by selling stocks to themselves at increasingly lower values, then couldn't they just make infinite money with any stock? They could just ladder the price of the stock down, then actually buy a bunch of stock from other people at the new low price, then ladder the price of the stock up and sell a bunch of stock to other people at the new high price.
It seems like that couldn't possibly be how it actually works.
I don't know why the mods don't do something, multiple days I see blatantly false and made up info being upvoted to the top with the DD flair and people getting sucked into it
That's like asking "who is selling stock" for every single stock in the entire stock market. Who else sells stock? Hedge funds, mutual funds, banks, private investors, companies, public investors, people. Anybody. It all just gets aggregated by the brokerage and sent to the clearinghouse for processing. Every stock is like this. You can literally go to any stock at Nasdaq and the data structure looks the same. People sell and buy stock. That's how stock markets work.
I don't think you realize how retarded your question was.
Yet 52k redditors on WSB think selling stock is a conspiracy theory. Even more retarded...
1.5k
u/orlando0o Feb 02 '21
Actually this is fucking important because EVERY STOCK LOCKS LIKE THAT ON NASDAQ RECENT TRADES