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Haven't mentioned it because didn't need naysayers because it is stupid, but I'm a med student doing this almost purely on my student loans while they're at zero interest. I've made +$20k since Decemb

The real treasure is the friends we make along the way

As long as 700% APR payday loans exist, you can fuck right off with "protecting people from themselves".

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6 minutes ago, hayden_horn said:

can yall take a quick moment to explain to an unfrozen caveman stonker what you are saying here? i think i understand, but when would be optimal to let go of gme? hold over the weekend? my understanding was that today would be the day for the squeeze. am i wrong?

thanks in advance

That is a discussion about holding options to expiration. If you have 10 call options for GME that expire at the close of the market today, at say $80, and the stock is at $300, and lets say those options cost you $4,000 each. So you put up $40,000 for the right to buy 1,000 share of GME; to exercise that right (hold to close) you then have to pay $80,000 to buy the stock that is worth (at close) $300,000. But the trick to that is that you have to have $80,000. So it is likely that many of those options will be sold before the close, for maybe $215,000,
Yes, you are potentially leaving some money on the table, but you are also not leaving risk on that table, nor are you having to come up with the cash to exercise the options or pay margin to borrow money to hold them.

There is a split strategy, that I'll approximate but I'm not doing the detail math, where you could sell 1/2 of the options and use that cash to exercise the remaining options to own shares (IMPORTANT footnote - put some of the cash you get away into a separate account, because you are likely going to owe taxes when you are making big gains)

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4 minutes ago, RCRanger03 said:

Just wanted to let yall know I'm not able to come to this thread during work hours on my computer maybe for the foreseeable future

Something somebody posted flagged as a porn url and it reported me to my ITS director. Probably going to have to stay off the rest of the day except on my phone which will be very little. Hopefully they don't monitor me going forward.

Sent from my SM-G970U using Tapatalk
 

Are you in an office or working from home? They can still see that WFH?

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Are you in an office or working from home? They can still see that WFH?
At work... I haven't been allowed to work from home

I'm in the social services frontline work with current and formerly homeless folks

ALPP just released an offering watch out for a dip. This isn't a bad thing not very big but people almost lways dip on offerings. I used to make bank on FRSX offerings

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13 minutes ago, TechTech said:

can we please go back to actually talking about fucking stonks, nobody cares about a bunch of twats on reddit. fuck.

this affects your stonk trading going forward

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17 minutes ago, RCRanger03 said:

Just wanted to let yall know I'm not able to come to this thread during work hours on my computer maybe for the foreseeable future

Something somebody posted flagged as a porn url and it reported me to my ITS director. Probably going to have to stay off the rest of the day except on my phone which will be very little. Hopefully they don't monitor me going forward.

 

I think it was the porn URL.

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What is Level 2 and why does it matter? Is this showing trade volume? I saved this bookmark last night but was a bit drunk and don't remember why.

Anyways nice little view of the hot stuff regardless. I was flipping tabs and hitting refresh on google like an idiot.

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6 minutes ago, cam4mav said:

 

 

What is Level 2 and why does it matter? Is this showing trade volume? I saved this bookmark last night but was a bit drunk and don't remember why.

Anyways nice little view of the hot stuff regardless. I was flipping tabs and hitting refresh on google like an idiot.

 

it shows you exactly what you see on the screen - bid/ask prices beyond single one normally quoted so you can see a step ahead the level of supply vs demand

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3 hours ago, RCRanger03 said:

Haven't looked honestly I'm invested to the tits right now, been carrying less that $1k available money since December. XMET almost hit a $10k first exit for me when it was peeping .009, but no go. I need to get over some catalysts in Feb to begin looking to add again. Very interested though in all of @Harrison Stafford's picks. He's a pro.

@RCRanger03 No better a stonk picker than you, my man.  Your DD on penny stonks is remarkable.  

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I keep adding small chunks of TSNP every time it's dipping. Also been throwing small positions on DGB crypto. That had a nice little 20% pop over the last 24 hours. 

My crypto wallet is tiny, but hey maybe if DGB goes nuts I can fund a wild night or two at the shake joint. 

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1 hour ago, GRHorn said:

Well @washparkhorn I’m back to disagreeing with her. 

 

things are worth whatever the participants determine theyre worth ya fake indian bish

1 hour ago, PenelopeWitherspoon said:

Can someone educate me on how to make money on VIX or other volatility options?

market goes wild and uncertain, vix goes up.  though the caveman correlation is market goes down = vix goes up.

my broker gives access to VIX but if yours dont you can use VXX or UVXY as instruments

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2 minutes ago, PenelopeWitherspoon said:

I was on a call.  WTF happened to TSLA and NOK in the last hour or so.  Holy shit,.

it's not just them. there's a theory out there that the huge market sell off is in anticipation of the margin calls that will need to be covered. but i dunno.

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Slow fade on GME.

Bearish-options expiry today leads to decreased gamma squeeze. 

bullish-Autists refuse to sell and the cost to borrow for shorts continues. 

am i right here? 
 

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Just now, GRHorn said:

Slow fade on GME.

Bearish-options expiry today leads to decreased gamma squeeze. 

bullish-Autists refuse to sell and the cost to borrow for shorts continues. 

am i right here? 
 

i dunno but it was around this time yesterday that there was a huge dive in price as well, iirc

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27 minutes ago, 52-80 said:

things are worth whatever the participants determine theyre worth ya fake indian bish

market goes wild and uncertain, vix goes up.  though the caveman correlation is market goes down = vix goes up.

my broker gives access to VIX but if yours dont you can use VXX or UVXY as instruments

Be careful with UVXY.  Because of the time decay, it’s ST only.

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1 hour ago, IDIOTsavant said:

Was going to leverage down my position in AMC when it dropped, but Robinhood won't allow me to buy more shares with available cash because I already own more than 25 shares. 25! Complete bullshit.

Now cut to 20 shares to further drive down the price... fucking criminal.

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15 minutes ago, IDIOTsavant said:

Now cut to 20 shares to further drive down the price... fucking criminal.

It's being cut because Robinhood is being forced by its clearers to post a lot more collateral for these volatile stocks. It doesn't have the collateral to allow its traders unlimited trading in these type stocks. It could up everyone's collateral/deposit requirements but is choosing this route instead.

From a technical side we all know of Robinhoods' issue with trading being down all together... what's going to happen when all these long Robinhood GME trader's collectively try to get out during the eventual free fall. Their app is going to crash. Would almost bet on it. How many lawsuits do you think they will face as the GME stock goes from its current 300 range down to its "real" value sub-$20.

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10 minutes ago, MonkeyDoughnut said:

It's being cut because Robinhood is being forced by its clearers to post a lot more collateral for these volatile stocks. It doesn't have the collateral to allow its traders unlimited trading in these type stocks. It could up everyone's collateral/deposit requirements but is choosing this route instead.

This is correct.  

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12 minutes ago, MonkeyDoughnut said:

It's being cut because Robinhood is being forced by its clearers to post a lot more collateral for these volatile stocks. It doesn't have the collateral to allow its traders unlimited trading in these type stocks. It could up everyone's collateral/deposit requirements but is choosing this route instead.

From a technical side we all know of Robinhoods' issue with trading being down all together... what's going to happen when all these long Robinhood GME trader's collectively try to get out during the eventual free fall. Their app is going to crash. Would almost bet on it. How many lawsuits do you think they will face as the GME stock goes from its current 300 range down to its "real" value sub-$20.

So Robinhood allowed other users to overextend on margin, and I can't have access to my own cash? Is that what you're saying? Essentially, it's an insolvent bank?

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1 minute ago, IDIOTsavant said:

So Robinhood allowed other users to overextend on margin, and I can't have access to my own cash? Is that what you're saying?

No.  He's saying people are buying and selling so fast that many of the trades haven't cleared/settled yet.  You have to have capital reserves for unsettled trades because you still have to transfer the cash regardless.  Trades don't finalize for T+2 days.  You sell today, and the trade doesn't 'settle' until Tuesday.  The brokerage has to put up collateral for the unsettled trades as well as anything that's being traded on margin.  The more churn occurring (especially in volatile stocks with really high margin fees), the larger the amount of collateral capital they have to put up, even though the money shows in your account.  This is for both buying and selling. 

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2 minutes ago, 936horn said:

With all the fuckery that has already occurred and potential more on the horizon I am quite puckered at the thought of holding over the weekend. I know, I am a pussy

I decided to say screw it and let it ride.  

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Just now, 936horn said:

With all the fuckery that has already occurred and potential more on the horizon I am quite puckered at the thought of holding over the weekend. I know, I am a pussy

i feel you. really feels like the trading platforms that are in place to democratize trading are doing their damndest to put a lid on free trading. and they might figure a more clever solution over the weekend. i dunno.

but until then, i guess i'm all 💎 💎 💎🚀 🚀 🚀🌚🍗 🍗 🍗

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9 minutes ago, IDIOTsavant said:

So Robinhood allowed other users to overextend on margin, and I can't have access to my own cash? Is that what you're saying? Essentially, it's an insolvent bank?

RH had to borrow a $1B yesterday, so... yeah.

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2 minutes ago, Trey3216 said:

No.  He's saying people are buying and selling so fast that many of the trades haven't cleared/settled yet.  You have to have capital reserves for unsettled trades because you still have to transfer the cash regardless.  Trades don't finalize for T+2 days.  You sell today, and the trade doesn't 'settle' until Tuesday.  The brokerage has to put up collateral for the unsettled trades as well as anything that's being traded on margin.  The more churn occurring (especially in volatile stocks with really high margin fees), the larger the amount of collateral capital they have to put up, even though the money shows in your account.  This is for both buying and selling. 

And when I say you, I'm talking about the broker.  Once you sell and the trade is executed, the cash is technically in your account.  Some trades might not be allowed because you can get flagged as a pattern day trader.  

 

But the broker has to have collateral to clear the trade, which doesn't settle for 2 business days.  Sorry if I wasn't clear the first time.  

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1 minute ago, hayden_horn said:

i feel you. really feels like the trading platforms that are in place to democratize trading are doing their damndest to put a lid on free trading. and they might figure a more clever solution over the weekend. i dunno.

but until then, i guess i'm all 💎 💎 💎🚀 🚀 🚀🌚🍗 🍗 🍗

Platforms like RH were never meant to handle the amount of order flow they're handling right now.  

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6 minutes ago, Trey3216 said:

No.  He's saying people are buying and selling so fast that many of the trades haven't cleared/settled yet.  You have to have capital reserves for unsettled trades because you still have to transfer the cash regardless.  Trades don't finalize for T+2 days.  You sell today, and the trade doesn't 'settle' until Tuesday.  The brokerage has to put up collateral for the unsettled trades as well as anything that's being traded on margin.  The more churn occurring (especially in volatile stocks with really high margin fees), the larger the amount of collateral capital they have to put up, even though the money shows in your account.  This is for both buying and selling. 

I'm just waiting on my SIPC check at this point

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