And the house can kick anybody out as they wish. You can't be kicked off the stock market if you're not breaking the rules. Or thats what I was lead to believe until now.
I've been wary of the RH app since I first heard of it. It lowers the barrier of access to the stock market even further to people who don't have self-control than the desktop apps already do.
Not saying they should take it offline for that reason; but people who use it had better realize what they're getting into and what they could lose if they do everything on impulse.
The whole e-trade phenomena came about because some of the big club figured out that 1) this was a good way to get some more money pumped into the markets (rather than into people's savings accounts, heh, go figure); 2) and provided fun sport -- watching the poors try their hands at a rigged system that they were purposely led into like lambs to the slaughter, knowing they'd lose their shirts, laughing when it happened (because that's just the kind of soul-less bastards these guys and gals are).
It was always a fucking racket -- the markets in general and especially things like RH. Unfortunately for the big club, some littles figured out how to put the screws to the racket...and here we are.
And it would depend upon chance still. What did you buy, how much, and when you sold it or if you even did. As it is now very clear that our markets are manipulated to a very high degree -- and that playing the market was always a risky venture even if no manipulation was involved.
So disheartening to see normies surprised by any of this, as if the last couple of decades didn't happen...
Remember - this is the same group bastards who toasted with champagne after both the DotCom and the 2008 crashes. They LAUGHED at all the normies suffering while they themselves profited from it, and patted each other on the back as a job well done. Their motto has always been "The Normie's Pain is Our Gain".
In MD, there are only 5 casino licenses. The amount of lobbying and bribery it took to get them was astronomical. If you open an illegal casino they will raid you, guns drawn.
Only White House Treasury Secretaries...like Janet YELLEN can do that ((& she was also a former WH Fed VP Chair, under Obama)), being that she ownd Citadel & Robinhood app...and Citadel ownd Melvin Capital, so Yellen is REAL MAD
How could anyone even TRY to do that? Like some underground den that has roulette wheels and slot machines and advertises itself in a way that is only seen by people with zero connection to law enforcement? It would be like if street-corner drug dealers were registering their routine locations as a "business" on Google Maps: "📍 Weed and coke dealer John Smith."
You tell a few friends you can trust, and then they tell a few friends, and then they tell a few friends, and then one of them gets arrested and sells you out and the cops shoot your dog,
Barely. Casinos take poor people's money and use law enforcement to eliminate competition while kicking out anyone who wins, hedge funds take poor people's / poor companies' money and use congress to eliminate competition and corporate partners to kick out anyone who wins.
But casinos are blatantly obvious that it is a scam to everyone, and participating in them is fully voluntary. No one is forced to use a casino ever. But if you are a company and you are seeking to get funded, you don't have many other good options. And likewise for many other situations. And this gives extreme power and absolutely extreme wealth to the people involved in it and in control of it. And it is not anywhere nearly as obvious that it is so incredibly, ludicrously rigged (and the deep state, MSM, etc. can help ensure that no one really knows that it is rigged), while for casinos, everyone knows that it is rigged. Etc.
Yeah but I say the same thing about Google and Amazon too. People go into those shitfests because they make so much more money than the rest of us and if you are young and can be worked to the bone why not do that for a while I guess. But it's certainly not for me. Amazon has jobs I could take making close to double what I make plus signing bonuses and no fucking way am I interested. I have no life but hey I can bring my dog to work and get free soft drinks. So retarded IMO.
It is but it's coordinated gambling and your odds are way better. It's actually cool. There are a shit ton of traders in there. I learned more about the market in three days than i have in a lifetime. These pro traders all claim the are retards and degenerates but you get pretty much all the pro traders agreeing with each other
I agree with that. I have won some and lost some but overall by putting regular deposits in my 401k I am well in the black there over many years. I don't actively have to play either. I just pick my allocations and keep putting money in. I guess the way that it differs from flat out gambling is that the markets always increase in the long run so it's not like slot machines or something which is all based on chance (or so they say).
I was specifically referring to wallstreetbets but you are still right. Day trading is gambling. Picking stocks when you don't know what the fuck you are doing gambling.
Wallsreetbets is gambling but with confidence of millions of people all on the same page. There are countless smart protraders on there. I have learned more about the market this week than my whole life. You can read posts everywhere and it's aggregated info making choices and all these different posts all have the same or relative same suggestions.
If you get in low with a stock that has a buy rating and good outlook...you will be out little to nothing and you may need to hold for six months/year.
I bought 82 shares of Nokia @ 4.80 Share. Worst case... Stock does nothing and I lose nothing, but I did my own research and all the brokerage firms give it a bearish rating which is supported by the news of the company. Nok is getting into alot of stuff. It had jumped up not long ago just on hiring of new CFO or CEO whatever they use.
Disclaimer: These are my opinions and I AM NOT a pro nor advising. I'm just a degenerate retard.
Degenerate retatd that acquired his Patriot Card Jan 6.. then lost my job.... But then the fucking PEDES went full retard and I now have a good chance to turn 400 into 30000 grand in next week or so. If not I'll just hold and wait for NOKIA to do what it was already expected to do and thats not likely to change. The BRICK is back baby!
What's really great is they picking stocks that fit the formula AND are well liked companies that people want to Support.
Again... I'm just a degenerate retard talking shit out my deplorable ass
Retards all over the World are coming out Based AF... It's amazing. .
And you don't have it all in one basket. Unless you just close your eyes and say pick Circuit City with knowing it's about to go bankrupt or potential to go bankrupt.. you will eventually make money
I made bank this year. I threw all my savings down when market crashed at beginning of COVID. I threw down again when the second drop happened in October. I have almost doubled my money in past 9 months or so.
And that's how you do it. I'm sure you also know that you don't have to wait for crashes either. Yes you will over pay some and get smoking deals some (I think they call this "dollar cost averaging") but overall you will still win most likely over the long haul if people follow what you are saying. It's sort of like Warren Buffet, do your research to find value, get in when the getting is good, leave it alone for a long long time, profit.
One difference, I don't have to pay someone to go gamble for me and the taxpayer doesn't step in if I lose. Rest assured, we will be bailing Bernanke and company out at some point. Probably by Executive Order at this point.
I’ve lost thousands betting on the market. You’re damn right it’s a casino, but it’s my casino and I ain’t leaving anytime soon. 45oz physical Silver, AG and SLV calls. Silver is the next GameStop
I don’t need volatility. A 1 dollar increase in share price bumps my calls up $30-$40. Last few days have been consistently positive for SLV and AG. The volatility will come in a few weeks, I’m just reserving my seat on the rocket. Worst case, it doesn’t go up, but I still have 45oz physical at home
I've been looking at silver for a while but haven't purchased. Without giving me financial advice, can you tell me who you used to get silver in hand? (I'm just a retard so won't be able to read your response. Send back message with emojis). But for realz
This ain’t a pump and dump. Silver is extremely suppressed by the banks. Fair value should be something around $500. Once WSB gets in on it it will go well beyond that. $1000 on the low end, $5000 on the high end. WSB is all about being a giant FU to the banks, get silver up and you destroy the banks. Once silver gets past $30 the floodgate will begin to open, then we’re off to the races
I could see that. I should have bought back at $13-14. I think I am going to pick up some stacks. This isn't a pump/dump like we're seeing with gamestop though. What you are talking about is sound.
Would buying physical silver be a sound investment at this time? I have about 20k to play with. I was going to just put it into Vanguard ETFs for a safe bet
Hello friend. I am contact you to be tell you we are cousin. I rich in Nigeria of course as royalty to famous prince. We have millions to make very much go. If send me your money I send back starting of 500.000 thousands of america dollars.
Now if I was in charge of unemployment funds for WA State and my last name was Levin, I would give you that $500,000 plus an additional $400M immediately. Then I would admit I made a mistake and step down and Joe Biden would offer me a cabinet position even though he would not be sure exactly which one just yet. A large portion of legal citizens who lost their jobs would not see a single penny of relief from unemployment for the entire year of 2020 and my boss the governor would get elected to a 3rd term at the end of 2020.
I shit you not guys. This is what a lefty state looks like and it's what Joe Biden and lefty voters reward. I'm doubting the voters even realize this happened.
the bank artificially suppress the price of silver to hedge inflation. Everyone knows the banks do this, and every now and then they get caught and get forced to pay some fines, but no regulatory changes.
No expert but I don't think it can and I think shorting commodities would be very foolish as it is tied to real good that are in demand no matter what. Finished goods can be a completely different story.
I stocked up on food, ammo, guns, water, lighting, etc prior to Nov but failed to get any bouillon. My idea was to get silver in small enough weights that they could be used for $1, $10, $20, etc. if cash becomes a thing of the past or if society completely collapses I would use that for trade. I still need to do something about that. It's not going to be a ton of silver but maybe enough to get me through 6 months or a year of there is no other way to pay for things or trade.
True and no way in hell is anyone shorting silver right now. Or at least I can't see that happening. But I do think silver is good for a little stability in this crazy time and actually could get nice gains. A lot of people are saying gold is played out but I have no idea, I'm no expert in these matters for sure.
GME is not going to “shake out” by this evening. Shorts to not have a deadline.
What we are waiting for is to see how big the short squeeze will be. Once these firms can no longer afford to pay the fees associated with their short positions, they will have to start scooping up shares, reducing float, increasing price.
With how much they have to buy, and how much volume GME moves, they’d have to buy for like a week straight. So even if the squeeze starts today, we won’t know how it shakes out until next week.
I was under the impression that the interest and fees were much more significant than that. It doesn’t make sense to loan out 12b but only charge 500k (0.004%).
I was interested in silver to last summer but didn't move partly out of being an idiot and partly because I knew there was no way Biden would win (and I was actually right it turns out). You sound to be more of a player or wheeler than I am. I am more like Warren Buffet in this sense. Sure I've lost some money but overall with the way I do things I have made far far more than I've lost. Day trading I think it a bit more like gambling and riskier just because those of us who just buy and hold take advantage of the fact that the markets always increase historically overall.
I figure we have been laughing at boomer with their silver for a long time. If r/WSB joins up fully on silver it will fly, boomer have the extra capital to make the market move significantly. It will be a fun rid
The floor at NYSE/NASDAQ is really just a glorified TV studio now, just for appearance, very little actual trading taking place. 95% is offsite and 95% of that is algos and automated systems doing the trading. This is just for show.
Wasn't there recent talk of moving it to Florida anyways? I suspect that will be the visible end of that whole 400 year era even though it's basically been dead since about the early 00s
Funny thing about Trump and Bane is that, back when Trump is first inaugurated, they compared him to Bane because his speech sounds like the one Bane gave when his army is storming Blackgate.
It isn't a casino though. Go try to count cards in a casino, see what happens. In the stock market, "counting cards" is pretty much required to get ahead. It's only a casino if you go in without any kind of preparation or without paying any attention to the trends of the stocks you're interested in.
"It's a casino!" is nothing more than quasi-Communist trash.
Because they basically created mutual fund to engineer a run on the stock. For all the ills (real and imagined) people put onto Wall St., they typically don't do that.
All they did was make the people who owned GME shares richer, so whoever Melvin Capital borrowed stock from to short-sell. I would've been more concerned if the SEC and the oh so evil Wall St. fatcats were silent about the whole thing.
Hell, if short-sellers don't have to sell by a certain date, all they had to do was wait until the stock value dropped again and Reddit's actions would have ultimately done nothing.
This is also a boon for any competitor of Robin Hood that didn't halt trading.
It's not gambling for them because they have it rigged, it's only gambling to us. What we see as a casino, they just see an exclusive elite party that you're not invited to.
Wall Street Bets...I am talking to 80 million Patriots! Do we really want to take control of our finances from hedge fund managers and big banks? What would happen if 80 million Patriots pull all money out of 401Ks and self invest in stocks and real assets to create wealth? That's what I call taking control of a Patriot's future. Take control of your own financial wealth and future.
Speaking of SEC violations and insider trading - remember when all of those politicians sold certain stocks and bought certain stocks prior to revealing the plandemic to the general public?
The stock market is in fact a casino. The biggest casino on the planet.
If you want to learn how to work the biggest casino in the world, I suggest going to your local casino and learn to play the down side (don't come) of the $5.00 minimum craps table.
For years I only played the up side (come) of the craps table till one day I was watching some guy making what I thought were crazy bets against the come side and getting paid. I asked what the hell he was doing and he explained it to me. So I followed every bet he made and walked away with my pockets full of chips.
Talk about an awesome red pill, THIS DUDE OPENED MY EYES!!!
I learned how to play the up and down side of craps table and although I didn't win every day, overall I made a hell of a lot more that I lost.
I took what I learned and applied it to the stock market using call and put options. It's EXACTLY the same and quite a bit less random.
After 6 months, I quit my job and have been playing at the biggest casino on the planet LOVING EVERY MINUTE OF IT AND GETTING PAID NO MATTER WHICH WAY IT'S GOING!!!
I'm NOT selling anything here, just saying that it can be done and it's a ton of fun doing it.
So, how many brokerages charge a fee if you "buy and hold" a stock for longer than a few months? Happened to me a few years ago. Have since gotten out of the market, except for my 401(k).
So its okay for a hedge fund to fuck the rules and manipulate a stock but it's not okay when the internet manipulates the manipulation to make money. GME showed us that once again the rules are in favor of the elites.
You know, I was never into casinos, but as long as you didn't take them too seriously and didn't spend all your cash in one go, they were a fun way to spend an afternoon.
I'd like to go again someday...when all the mask crazy is gone.
Funny thing about casinos, house always wins.
Beat me to it
And the house can kick anybody out as they wish. You can't be kicked off the stock market if you're not breaking the rules. Or thats what I was lead to believe until now.
Rules are for plebs like you and me
Even if you follow the rules, if you piss them off they’ll figure some way to come after you.
Elizabeth Warren targets small reddit investors in letter asking regulators to investigate them
https://thepostmillennial.com/elizabeth-warren-targets-redditors-in-letter-to-sec
Warren is a dingbat who's consistently on the wrong side of everything, even when it contradicts herself in the past.
By all means Liz, let's investigate ALL investors -- just to make it fair and above board.
Six ways to Sunday of getting at you, so it is said....
I've been wary of the RH app since I first heard of it. It lowers the barrier of access to the stock market even further to people who don't have self-control than the desktop apps already do.
Not saying they should take it offline for that reason; but people who use it had better realize what they're getting into and what they could lose if they do everything on impulse.
The whole e-trade phenomena came about because some of the big club figured out that 1) this was a good way to get some more money pumped into the markets (rather than into people's savings accounts, heh, go figure); 2) and provided fun sport -- watching the poors try their hands at a rigged system that they were purposely led into like lambs to the slaughter, knowing they'd lose their shirts, laughing when it happened (because that's just the kind of soul-less bastards these guys and gals are).
It was always a fucking racket -- the markets in general and especially things like RH. Unfortunately for the big club, some littles figured out how to put the screws to the racket...and here we are.
Oh stop. If you bought any tech stocks years ago youd be well richer today than yesterday
And it would depend upon chance still. What did you buy, how much, and when you sold it or if you even did. As it is now very clear that our markets are manipulated to a very high degree -- and that playing the market was always a risky venture even if no manipulation was involved.
Yeah, why do you think the entire establishment is freaking the fuck out right now?
This is exactly how they reacted over Trump. That's how you know it's genuine.
They are losing sleep for sure, but I have no doubt they’ll pull something out of their asses to get their way.
We're watching it happen in real life.
So annoying seeing normies surprised by any of this as if the last five years didn’t happen.
So disheartening to see normies surprised by any of this, as if the last couple of decades didn't happen...
Remember - this is the same group bastards who toasted with champagne after both the DotCom and the 2008 crashes. They LAUGHED at all the normies suffering while they themselves profited from it, and patted each other on the back as a job well done. Their motto has always been "The Normie's Pain is Our Gain".
You ever see Ocean's 11? We're about to take out the trash.
Have you ever seen Casino or 21? Guess what happens to people who figure out how to beat the house.
Ouch! My kneecaps!
Charlie M?
So be the house and open a casino.
In MD, there are only 5 casino licenses. The amount of lobbying and bribery it took to get them was astronomical. If you open an illegal casino they will raid you, guns drawn.
The house won't let you open your own house.
Easier than opening a broker-dealer that can compete with Goldman and Citadel. It's really the same business.
Only White House Treasury Secretaries...like Janet YELLEN can do that ((& she was also a former WH Fed VP Chair, under Obama)), being that she ownd Citadel & Robinhood app...and Citadel ownd Melvin Capital, so Yellen is REAL MAD
How could anyone even TRY to do that? Like some underground den that has roulette wheels and slot machines and advertises itself in a way that is only seen by people with zero connection to law enforcement? It would be like if street-corner drug dealers were registering their routine locations as a "business" on Google Maps: "📍 Weed and coke dealer John Smith."
You tell a few friends you can trust, and then they tell a few friends, and then they tell a few friends, and then one of them gets arrested and sells you out and the cops shoot your dog,
Isn't this much, much, much, much incredibly, extremely more worse than a casino? Including the responses to what is happening?
Barely. Casinos take poor people's money and use law enforcement to eliminate competition while kicking out anyone who wins, hedge funds take poor people's / poor companies' money and use congress to eliminate competition and corporate partners to kick out anyone who wins.
But casinos are blatantly obvious that it is a scam to everyone, and participating in them is fully voluntary. No one is forced to use a casino ever. But if you are a company and you are seeking to get funded, you don't have many other good options. And likewise for many other situations. And this gives extreme power and absolutely extreme wealth to the people involved in it and in control of it. And it is not anywhere nearly as obvious that it is so incredibly, ludicrously rigged (and the deep state, MSM, etc. can help ensure that no one really knows that it is rigged), while for casinos, everyone knows that it is rigged. Etc.
A smart house lets you win just enough to keep you coming back.
Dumb House lets u Clear their Bank account! ...But then u have to Say HELLO to their little friend
Good lord, imagine going into that shitfest to work everyday.
Recipe for a heart attack.
If it saves even one life, we should shut it down.
Well not in NY, the nursing homes already took care of that.
12 masks
I am short a few masks. Being short can lose you a lot. Ask the hedge funds!
Burn
🔥🔥🔥
Per Dr. Glen back.. 1000 masks actually pulls the RONA. Out of everyone's lungs in a 10x12 room.
And let's not bother about figuring out if it actually did save any lives or not. Just shut it down in case.
hahha
I’d rather superglue my ass shut
Yeah me too but then we would die and get classified as another covid death and do we really want that? lol
________ of Satan
Mass of Satan? Mosque of Satan? doesn't sound right, maybe theres another one
Amish farmhouse?
The guys on the NYSE floor work for about 20 minutes each day at the open and the close then in between they drink coffee and bullshit.
It’s mostly a stage set for CNBC and no real trading happens there anymore.
*snort coke
Yeah but I say the same thing about Google and Amazon too. People go into those shitfests because they make so much more money than the rest of us and if you are young and can be worked to the bone why not do that for a while I guess. But it's certainly not for me. Amazon has jobs I could take making close to double what I make plus signing bonuses and no fucking way am I interested. I have no life but hey I can bring my dog to work and get free soft drinks. So retarded IMO.
It is quite literally: Gambling
Ordinary gamblers don't bet your life too.
Institutional traders do this daily.
Las Vegas would like to weigh in.
In theory, it’s not supposed to be gambling
In practice, it’s gambling
It is but it's coordinated gambling and your odds are way better. It's actually cool. There are a shit ton of traders in there. I learned more about the market in three days than i have in a lifetime. These pro traders all claim the are retards and degenerates but you get pretty much all the pro traders agreeing with each other
I agree with that. I have won some and lost some but overall by putting regular deposits in my 401k I am well in the black there over many years. I don't actively have to play either. I just pick my allocations and keep putting money in. I guess the way that it differs from flat out gambling is that the markets always increase in the long run so it's not like slot machines or something which is all based on chance (or so they say).
I was specifically referring to wallstreetbets but you are still right. Day trading is gambling. Picking stocks when you don't know what the fuck you are doing gambling.
Wallsreetbets is gambling but with confidence of millions of people all on the same page. There are countless smart protraders on there. I have learned more about the market this week than my whole life. You can read posts everywhere and it's aggregated info making choices and all these different posts all have the same or relative same suggestions.
If you get in low with a stock that has a buy rating and good outlook...you will be out little to nothing and you may need to hold for six months/year.
I bought 82 shares of Nokia @ 4.80 Share. Worst case... Stock does nothing and I lose nothing, but I did my own research and all the brokerage firms give it a bearish rating which is supported by the news of the company. Nok is getting into alot of stuff. It had jumped up not long ago just on hiring of new CFO or CEO whatever they use.
Disclaimer: These are my opinions and I AM NOT a pro nor advising. I'm just a degenerate retard.
That's a good put. You may be a degenerate retard but your our degenerate retard and we love you lol
Degenerate retatd that acquired his Patriot Card Jan 6.. then lost my job.... But then the fucking PEDES went full retard and I now have a good chance to turn 400 into 30000 grand in next week or so. If not I'll just hold and wait for NOKIA to do what it was already expected to do and thats not likely to change. The BRICK is back baby!
What's really great is they picking stocks that fit the formula AND are well liked companies that people want to Support.
Again... I'm just a degenerate retard talking shit out my deplorable ass
Retards all over the World are coming out Based AF... It's amazing. .
And you don't have it all in one basket. Unless you just close your eyes and say pick Circuit City with knowing it's about to go bankrupt or potential to go bankrupt.. you will eventually make money
I made bank this year. I threw all my savings down when market crashed at beginning of COVID. I threw down again when the second drop happened in October. I have almost doubled my money in past 9 months or so.
And that's how you do it. I'm sure you also know that you don't have to wait for crashes either. Yes you will over pay some and get smoking deals some (I think they call this "dollar cost averaging") but overall you will still win most likely over the long haul if people follow what you are saying. It's sort of like Warren Buffet, do your research to find value, get in when the getting is good, leave it alone for a long long time, profit.
One difference, I don't have to pay someone to go gamble for me and the taxpayer doesn't step in if I lose. Rest assured, we will be bailing Bernanke and company out at some point. Probably by Executive Order at this point.
I’ve lost thousands betting on the market. You’re damn right it’s a casino, but it’s my casino and I ain’t leaving anytime soon. 45oz physical Silver, AG and SLV calls. Silver is the next GameStop
I like the cut of your jib. Exp date?
Some in April, some in July. Prices are low, and it’s far enough out that Theta gang won’t crush ya
What are your strike prices?
$25 on AG, $30 on SLV, make your own choices for your budget though. insert financial disclosure here
Why calls and not just actual stocks then? I'm not seeing the volatility...
I don’t need volatility. A 1 dollar increase in share price bumps my calls up $30-$40. Last few days have been consistently positive for SLV and AG. The volatility will come in a few weeks, I’m just reserving my seat on the rocket. Worst case, it doesn’t go up, but I still have 45oz physical at home
I've been looking at silver for a while but haven't purchased. Without giving me financial advice, can you tell me who you used to get silver in hand? (I'm just a retard so won't be able to read your response. Send back message with emojis). But for realz
LEVERAGE BABY
What's a jib
a small sail
It's the front most triangular sail I believe.
make boat go better
Why do you think this? Not a liquid asset so it is difficult to get in an out of fast.
ETF's friendo.
I'm just a retard on the internet, not a financial advisor.
Sure, I get that and I believe in sound money. I just don't understand how silver can be pumped and dumped like fiat assets.
This ain’t a pump and dump. Silver is extremely suppressed by the banks. Fair value should be something around $500. Once WSB gets in on it it will go well beyond that. $1000 on the low end, $5000 on the high end. WSB is all about being a giant FU to the banks, get silver up and you destroy the banks. Once silver gets past $30 the floodgate will begin to open, then we’re off to the races
I could see that. I should have bought back at $13-14. I think I am going to pick up some stacks. This isn't a pump/dump like we're seeing with gamestop though. What you are talking about is sound.
Would buying physical silver be a sound investment at this time? I have about 20k to play with. I was going to just put it into Vanguard ETFs for a safe bet
Hello friend. I am contact you to be tell you we are cousin. I rich in Nigeria of course as royalty to famous prince. We have millions to make very much go. If send me your money I send back starting of 500.000 thousands of america dollars.
Sounds great!
Now if I was in charge of unemployment funds for WA State and my last name was Levin, I would give you that $500,000 plus an additional $400M immediately. Then I would admit I made a mistake and step down and Joe Biden would offer me a cabinet position even though he would not be sure exactly which one just yet. A large portion of legal citizens who lost their jobs would not see a single penny of relief from unemployment for the entire year of 2020 and my boss the governor would get elected to a 3rd term at the end of 2020.
I shit you not guys. This is what a lefty state looks like and it's what Joe Biden and lefty voters reward. I'm doubting the voters even realize this happened.
the bank artificially suppress the price of silver to hedge inflation. Everyone knows the banks do this, and every now and then they get caught and get forced to pay some fines, but no regulatory changes.
No expert but I don't think it can and I think shorting commodities would be very foolish as it is tied to real good that are in demand no matter what. Finished goods can be a completely different story.
I stocked up on food, ammo, guns, water, lighting, etc prior to Nov but failed to get any bouillon. My idea was to get silver in small enough weights that they could be used for $1, $10, $20, etc. if cash becomes a thing of the past or if society completely collapses I would use that for trade. I still need to do something about that. It's not going to be a ton of silver but maybe enough to get me through 6 months or a year of there is no other way to pay for things or trade.
If it shits the bed that badly, you’ll be able to trade ammo for almost anything you need.
"Yeah, I can only give you $20 for that $1000 worth of silver."
Oh no, forgot about that hahah
https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/
https://archive.is/ncFOr
Oh, no reason
He just likes shiny things
True and no way in hell is anyone shorting silver right now. Or at least I can't see that happening. But I do think silver is good for a little stability in this crazy time and actually could get nice gains. A lot of people are saying gold is played out but I have no idea, I'm no expert in these matters for sure.
I loaded up on SLV earlier today.
Its coming, and its gonna be yuge.
Wait until this evening and see how GSE shakes out and if the shitbags pass new restrictions..
GME is not going to “shake out” by this evening. Shorts to not have a deadline.
What we are waiting for is to see how big the short squeeze will be. Once these firms can no longer afford to pay the fees associated with their short positions, they will have to start scooping up shares, reducing float, increasing price.
With how much they have to buy, and how much volume GME moves, they’d have to buy for like a week straight. So even if the squeeze starts today, we won’t know how it shakes out until next week.
https://isthesqueezesquoze.com/
My personal hunch is that they will use fuckery over the weekend to ladder the price down to reduce the pain when they do start to cover.
More accurately, shorts have comparatively minor penalties for missing deadlines, so they're not gonna take a $12B hit to save $16M in fees (daily).
Edit: Fixed the numbers
I was under the impression that the interest and fees were much more significant than that. It doesn’t make sense to loan out 12b but only charge 500k (0.004%).
I looked up the numbers, finally found it: $16m/day
https://www.reddit.com/r/wallstreetbets/comments/l7yogv/why_the_short_squeeze_cannot_go_on_forever/
Imagine not sitting on the LINK in 2021
Just put a down-payment on a yacht.
I was interested in silver to last summer but didn't move partly out of being an idiot and partly because I knew there was no way Biden would win (and I was actually right it turns out). You sound to be more of a player or wheeler than I am. I am more like Warren Buffet in this sense. Sure I've lost some money but overall with the way I do things I have made far far more than I've lost. Day trading I think it a bit more like gambling and riskier just because those of us who just buy and hold take advantage of the fact that the markets always increase historically overall.
I figure we have been laughing at boomer with their silver for a long time. If r/WSB joins up fully on silver it will fly, boomer have the extra capital to make the market move significantly. It will be a fun rid
The floor at NYSE/NASDAQ is really just a glorified TV studio now, just for appearance, very little actual trading taking place. 95% is offsite and 95% of that is algos and automated systems doing the trading. This is just for show.
Huh I never knew that...
Wasn't there recent talk of moving it to Florida anyways? I suspect that will be the visible end of that whole 400 year era even though it's basically been dead since about the early 00s
“This is a stock exchange; there’s no money you can steal!”
Brother, then why are you people here?!
Funny thing about Trump and Bane is that, back when Trump is first inaugurated, they compared him to Bane because his speech sounds like the one Bane gave when his army is storming Blackgate.
Ben Shapiro is a cuck.
Just a nationalist, really.
But not for America.
Very accurate, a foreign nationalist.
I like stonks.
Trick question. Hunter Biden's floor is the correct answer.
That is wrong as can be, there is NO cocaine to be found anywhere near Hunter Biden, at least not if you blink.
All.
It isn't a casino though. Go try to count cards in a casino, see what happens. In the stock market, "counting cards" is pretty much required to get ahead. It's only a casino if you go in without any kind of preparation or without paying any attention to the trends of the stocks you're interested in.
"It's a casino!" is nothing more than quasi-Communist trash.
Some autists counted cards this week and got the SEC called on them
Because they basically created mutual fund to engineer a run on the stock. For all the ills (real and imagined) people put onto Wall St., they typically don't do that.
All they did was make the people who owned GME shares richer, so whoever Melvin Capital borrowed stock from to short-sell. I would've been more concerned if the SEC and the oh so evil Wall St. fatcats were silent about the whole thing.
Hell, if short-sellers don't have to sell by a certain date, all they had to do was wait until the stock value dropped again and Reddit's actions would have ultimately done nothing.
This is also a boon for any competitor of Robin Hood that didn't halt trading.
Casinos are better since you can audit the machines and the source code is open to prevent illegal shenanigans
It's not gambling for them because they have it rigged, it's only gambling to us. What we see as a casino, they just see an exclusive elite party that you're not invited to.
I got 82 shares of NOK... To the moon. Fuck the elites. We taking then down.
Crazy, the 2020s will be filled with games on discs, movies in the theater, and the choice of bulletproof flip phones, brick phones, or blackberries.
$420?
420.69
It may not be a casino, but it certainly offers casino games.
Wall Street can be a casino or not, depending on how you treat it.
This is the best reply.
Value investing is far from gambling, it’s making a data driven business decision re how to invest your money.
Day trading, on the other hand... a lot less data driven, a lot more like gambling.
About GME...Are we in an Oceans 11 scenario?
I think so but I don’t hear any funky cat burglar music
Wall Street Bets...I am talking to 80 million Patriots! Do we really want to take control of our finances from hedge fund managers and big banks? What would happen if 80 million Patriots pull all money out of 401Ks and self invest in stocks and real assets to create wealth? That's what I call taking control of a Patriot's future. Take control of your own financial wealth and future.
Speaking of SEC violations and insider trading - remember when all of those politicians sold certain stocks and bought certain stocks prior to revealing the plandemic to the general public?
The idea is I’ll buy a share. I’ll do so because I believe your company will succeed. Then in the end I sell my share or collect a dividend.
Thieves corrupt everything.
Thieves like communists. Wall Street. Rich liberal fucks. Liberals. FBI agents. All liars and thieves.
GME up $155 per share at noon
"they're the same picture" - Pam from the office
Wall Street is not a casino to the big hedge fund firms.
Casino indicates they have a chance of losing
Just like a casino, the house always wins.
Not anymore
I have my Series 7 and 63, yet I don’t trade. Hmmmm.
Gamestop holding around 338-340 currently.
Squeeze hasn’t happened yet, handshake
Oh yes it is! The NYSE is the biggest casino on earth!
at least a casinos you can buy drinks
Some of them still allow indoor smoking too!
Nah it's no casino. Casinos only let you bet your own money
Isnt that from Dark Knoght Rises?
joker ....... JOKER .......... and a triple!!
Even high school students understand that stock trading is legalized gambling.
The stock market isn't a casino.
It's being treated as a casino, and that needs to be punished.
The stock market is in fact a casino. The biggest casino on the planet.
If you want to learn how to work the biggest casino in the world, I suggest going to your local casino and learn to play the down side (don't come) of the $5.00 minimum craps table.
For years I only played the up side (come) of the craps table till one day I was watching some guy making what I thought were crazy bets against the come side and getting paid. I asked what the hell he was doing and he explained it to me. So I followed every bet he made and walked away with my pockets full of chips.
Talk about an awesome red pill, THIS DUDE OPENED MY EYES!!!
I learned how to play the up and down side of craps table and although I didn't win every day, overall I made a hell of a lot more that I lost.
I took what I learned and applied it to the stock market using call and put options. It's EXACTLY the same and quite a bit less random.
After 6 months, I quit my job and have been playing at the biggest casino on the planet LOVING EVERY MINUTE OF IT AND GETTING PAID NO MATTER WHICH WAY IT'S GOING!!!
I'm NOT selling anything here, just saying that it can be done and it's a ton of fun doing it.
The trade floor doesnt exist anymore. It’s all digital now
The only street that needs a bailout is Main Street.
it's not, casino's are more honest
Aw boohoo do the fancy rich men have to go to their expensive out of date building to do their electronic based business?
It’s not a casino. Casino is 100% chance.
I’m not addicted either, We’re just trying to retire with dignity.
The system is rigged.
The left has become very comfortable using the language of abusers and addicts.
Yea, but, you can't successfully navigate a casino using math without getting thrown out.
Oh, hold on there... xD
You're right! Casinos break cheaters' hands. 🔨
So, how many brokerages charge a fee if you "buy and hold" a stock for longer than a few months? Happened to me a few years ago. Have since gotten out of the market, except for my 401(k).
Again rule for thee not for me.
A few guys behind the scenes using billions of dollars of other people’s money to milk the system . . .
SEC: That’s fine.
A few guys on the interwebs posting about stocks from their parents’ basements (out in public for all to see) . . .
SEC: Oh, noes! This could be dangerous market manipulation. We’d better in investigate these redditors posthaste.
Meanwhile at the DOJ: What election fraud?
Ross Perot comes to mind, "Giant sucking sound."
Addiction?! Hunter enters chat
So its okay for a hedge fund to fuck the rules and manipulate a stock but it's not okay when the internet manipulates the manipulation to make money. GME showed us that once again the rules are in favor of the elites.
owning a stock is not gambling. It's buying ownership of a company/future earnings. Options are 100% gambling.
You know, I was never into casinos, but as long as you didn't take them too seriously and didn't spend all your cash in one go, they were a fun way to spend an afternoon.
I'd like to go again someday...when all the mask crazy is gone.