Who else besides Robinhood? I don't know all the details why, but I've heard Robinhood and the like are considered a joke among investors. I've heard of them imposing limits like this before that my major broker has never done.
All the purely electronic retail self directed services favored by the little guys who don't want or need a broker's advice and just want fast electronic execution, cheap.
Robinhood, TD Ameritrade, Interactive Brokers - several more in the same market niche. Collectively, everyone who take trades from the smallest "outsider" players.
Who are the autists who cornered GME - because they noticed it didn't matter if the company has no business model or a dismal long term future, if the hedge funds sell short 105% of all the stock that exists. They realized if they all bought and none sold, they had those shorts by the short hairs, and cornered the stock.
The resulting howls could be heard on Mars. They were certainly heard in Washington. Can't have the plebeians making money from their "betters" just because those "betters" are colossally stupid arrogant fucks who walked right into it. No no. Here's a bribe. Shut it all down and let us out.
Ok, I see Ameritrade is restricting it too. I thought it was just the newbie mobile apps but I was mistaken.
I was going to transfer what I had in Robinhood over to my existing Ameritrade account, but now I wonder if there's any difference in regards to how they're treating customers with this. I can't find details, only that Robinhood is preventing its clients from selling GME, but I don't know exactly what restrictions Ameritrade is imposing. Any idea?
Who else besides Robinhood? I don't know all the details why, but I've heard Robinhood and the like are considered a joke among investors. I've heard of them imposing limits like this before that my major broker has never done.
All the purely electronic retail self directed services favored by the little guys who don't want or need a broker's advice and just want fast electronic execution, cheap.
Robinhood, TD Ameritrade, Interactive Brokers - several more in the same market niche. Collectively, everyone who take trades from the smallest "outsider" players.
Who are the autists who cornered GME - because they noticed it didn't matter if the company has no business model or a dismal long term future, if the hedge funds sell short 105% of all the stock that exists. They realized if they all bought and none sold, they had those shorts by the short hairs, and cornered the stock.
The resulting howls could be heard on Mars. They were certainly heard in Washington. Can't have the plebeians making money from their "betters" just because those "betters" are colossally stupid arrogant fucks who walked right into it. No no. Here's a bribe. Shut it all down and let us out.
Ok, I see Ameritrade is restricting it too. I thought it was just the newbie mobile apps but I was mistaken.
I was going to transfer what I had in Robinhood over to my existing Ameritrade account, but now I wonder if there's any difference in regards to how they're treating customers with this. I can't find details, only that Robinhood is preventing its clients from selling GME, but I don't know exactly what restrictions Ameritrade is imposing. Any idea?