[68style]

https://i.kym-cdn.com/photos/images/newsfeed/002/004/111/5ea.png

[threezero]

Robinhood is going to be turned into a scapegoat while the people behind the scenes will likely get away again. I hope this doesn't happen but I don't like the narrative that Robinhood is the primary culprit in all of this. They need to be punished since they're the intermediary, but the ones pulling the strings behind the scenes are the ones that truly need to be brought to justice.

Robinhood is not the only broker. Interactive broker pull the plug on it today too.
Basically any broker associated with Citadel pull the plug on retail today.

For those with account there. Watch for the class action lawsuit

[68style]

Saw a report that Trading sites took in $400 million in fees through this whole thing thus far... so they still win in the end

[threezero]

Saw a report that Trading sites took in $400 million in fees through this whole thing thus far... so they still win in the end

Great that will do well against their 14 billion in loses so far.

short ratio and interest went up today so they reopen new short on GME at some point today.

Tomorrow is going to be interesting.

[68style]

Great that will do well against their 14 billion in loses so far.

short ratio and interest went up today so they reopen new short on GME at some point today.

Tomorrow is going to be interesting.

Trading sites didn't lose $14 billion, hedge funds did

[unit]

is it just me or has robinhood's reasoning for the restrictions changed a few times?
one of the reasons was something related to financial loss incurred by record transactions, another was regulatory scrutiny, and now whistleblowers are saying that it was pressure from sequoia capital and the white house.

it definitely could not have been financial from their bottom line, because they've just commited platform suicide. if it was regulatory, why did it happen 30m before market open, totally blindsiding investors, and why not halt trading rather than only allow selling?

[SkinnyPupp]

Trading sites didn't lose $14 billion, hedge funds did
Citadel (the market maker Robin Hood uses) is the one who bailed out Melvin Capital (along with Steve Cohen who was busted for insider trading not long ago). So they are basically the hedge funds... It's all connected

Americans need to switch to a non Citadel platform or they'll get fucked

[threezero]

Oh oops I totally read that wrong.

Robinhood has no fee thou. Their business is selling customer data to MM such as Citadel so they can hunt stop loss on retailer

The battle wasn’t against broker to begin with. Good to see them making money out of this but most of them did not keep their integrity and gave in to the big boys

[threezero]

Citadel (the trading platform Robin Hood uses) is the one who tried to bail out Melvin with a 2.75 billion investment. So they are the hedge funds

Americans need to switch to a non Citadel platform or they'll get fucked

Citadel is a market maker.

Robinhood’s main customer. They buy data from Robinhood

[SkinnyPupp]

Citadel is a market maker.

Robinhood’s main customer. They buy data from Robinhood
Right so if they refuse to sell certain stocks Robin Hood customers, then Robin Hood has to deny service to their customers right?

Also if this is true

https://twitter.com/justinkan/status/1354853920762253315

[Razor Ramon HG]

https://twitter.com/StevenACohen2/status/1354864321134735360

[Hondaracer]

Uhg..went against my plan and sold AMC to stop the bleeding. now dat after hours gains :(

Tom might be crazy

[Alpine]

Uhg..went against my plan and sold AMC to stop the bleeding. now dat after hours gains :(

Tom might be crazy

I did the same, but what's to stop them from doing the same thing tomorrow?

[JSALES]

I bought in today, hoping for the best tomorrow

[wreck]

this entire situation goes adamantly against my investing philosophy.. but at the same time, I see the potential progress rendered from exposing the hedge fund short system.

that said, I'm torn on whether to participate.

exit strategy is going to be key here.

[Alpine]

Based on all of the interviews today from the various c-suite brokerage execs it appears that there is some sort of liquidity issue. Assuming that's actually the reason why, now we have a precedent to do this again to "protect the company and the customer." GME is now $350 AH. What happens tomorrow, if GME opens up in this range?

[SkinnyPupp]

this entire situation goes adamantly against my investing philosophy.. but at the same time, I see the potential progress rendered from exposing the hedge fund short system.

that said, I'm torn on whether to participate.

exit strategy is going to be key here.
This is now beyond investing though. Like threezero said, it's the real Occupy Wallstreet. People are buying GME and holding it hostage in protest. As long as most people went in with that strategy, it is going to be massively disruptive

If you're looking at this as an opportunity to make some money... well sure people are going to take that risk. But it kind of goes against why it's happening in the first (well maybe second) place

[jing]

Bought back in for shits and giggles. No ragrets.

[Alpine]

Are you guys buying AH? And if so, with which platform?

[wreck]

Vlad Tenev (co-founder & ceo of Robinhood) on BNN right now...

more 'umms' and 'ahhs' than a Jim Benning press conference.

[eclipseman]

Based on all of the interviews today from the various c-suite brokerage execs it appears that there is some sort of liquidity issue. Assuming that's actually the reason why, now we have a precedent to do this again to "protect the company and the customer." GME is now $350 AH. What happens tomorrow, if GME opens up in this range?

The hedge funds/Citadel are in a world of hurt if this opens at $350. They'll try and do another ladder attack again tomorrow I'm sure, but at some point they will be running out of ammo, especially if people are just holding their shares.

For what it's worth, I'm extremely biased. I'm up over 500% on my initial investment and can potentially retire if this goes parabolic.

What started as a meme and a joke back in November may actually change my family's life.

[Obsideon]

I tried to buy in AMC right at 1:00 on the dot but couldn't beat the buzzer and got my transaction voided. If it spikes tomorrow I'm going to be sad :okay:

[GGnoRE]

Robinhood CEO states they did not collude with hedge funds. Its up to you to believe him or not. And if it makes you feel any better, New York Attorney General Letitia James is looking into this case. https://ag.ny.gov/press-release/2021/attorney-general-james-reviewing-robinhood-app-activity

----------------------------
https://edition.cnn.com/business/live-news/wallstreetbets-reddit-vs-wall-street/index.html

Robinhood CEO: 'We absolutely did not' restrict GameStop trading at the direction of a hedge fund

Robinhood CEO Vlad Tenev explained what he called the platform's "very difficult decision" to restrict buying of GameStop (GME) and about a dozen other securities during a Thursday evening interview on CNBC.

He said the decision was made in response to requirements Robinhood must adhere to as a brokerage firm.

"We have lots of financial requirements, including SEC net capital requirements and clearinghouse deposits — that’s money that we have to deposit at various clearinghouses," Tenev said. He added that such requirements can fluctuate based on market volatility and can be "substantial in the current environment where there’s ... a lot of concentrated activity in these names that have been going viral on social media."

He added: "In order to protect the firm and protect our customers, we had to limit buying in these stocks."

Tenev also shot down speculation spread on social media Thursday that Robinhood restricted regular trading of the volatile stocks at the request of large Wall Street firms. One Robinhood user alleged in a class action lawsuit filed against the trading platform Thursday that the move was made "knowingly to manipulate the market for the benefit of people and financial institutions who were not Robinhood’s customers."

[GGnoRE]

I tried to buy in AMC right at 1:00 on the dot but couldn't beat the buzzer and got my transaction voided. If it spikes tomorrow I'm going to be sad :okay:

If you want your order filled at closing price use market-on-close (MOC) or limit-on-close (LOC) order via your broker/platform at least 15 mins prior to closing. Around the market closing time, exchanges do an auction to fill as many buy/sell orders as possible. MOC basically means you are willing to pay whatever price the auction dictates (potentially dangerous) and LOC means you are willing to pay up to a certain price (order potentially unfilled).

[Mr.Money]

what benefit does that add to a broker for controlled trading?? serious question.


edit: did some reading... i fucking hope for those who are on the class action lawsuit get what they want out of it.. the information is fact, they shouldn't be allowed to control the market.

[ilovebacon]

https://twitter.com/Syndicate/status/1354907805673775107

LOL! cant help but laugh at that gif.

[ilovebacon]

Uhg..went against my plan and sold AMC to stop the bleeding. now dat after hours gains :(

Tom might be crazy

60% of people who use Robinhood cant log in or buy GME or AMC, etc. Tomorrow will be better.

[CRS]

Holding AMC. Don't care. Will buy more tomorrow.

To the moon, boys.

[underscore]

I'm holding onto GME, AMC & NOK. I bought at shit times and just small amounts but fuck it.

[ilovebacon]

At what moment are you guys going to sell GME?

[SkinnyPupp]

SwiftRage NEVER

[ilovebacon]

SwiftRage NEVER

https://isthesqueezesquoze.com/

the situation (1/28 5 PM ET):

short interest: 100% of float by Ortex, 123.25% of float by S3 Shortsight
change in short share availability: +9,000

[SkinnyPupp]

https://twitter.com/OfficialAPoD/status/1354924287879090177

[68style]

These wallstreet fuckers are clowning everyone on crypto now too... all the sites you can buy dogecoin on are down and coinbase just flat out turned off the ability to buy it...

[GIZZ]

Tomorrow will be interesting.

There’s real potential here, regretting not loading up today.

[68style]

^
No point in regretting... there's no way anyone can claim to predict any of this stuff and if they do they're full of shit lol

[Alpine]

I'm seeing a lot of articles and interviews referencing an issue with liquidity.
What does everyone think about this? Could we be on the verge of a total market collapse, if GME moons and the float isn't large enough to cover the open option interest? (And yes, the root cause are short-sellers & the system who put the entire market and everyone at risk to make a buck, and will likely get bailed out again).

https://www.reddit.com/r/wallstreetbets/comments/l7fw0x/i_used_to_work_merrill_heres_what_likely_happened/
https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/
https://youtu.be/4RS4JIEVyXM

The other option is a continuation of what we saw today, brokerages restricting/limited users from buying certain stocks & options to ensure they have enough liquidity. But we've already seen the outrage from this and I can only imagine the outrage if this were to happen again tomorrow. This is protest/riot/etc level stuff, if we get screwed again.

[SkinnyPupp]

Force them to pay out of their own pockets if there's "not enough liquidity in the market". They're playing with money that literally doesn't exist, so they should be the ones to make it exist.

And if they have to bail out, take it from their bank accounts to do so

There's plenty of money, they just don't want people to have access to it.

Done! SeemsGood

[Mr.Money]

gme - 469 to 193 at the hour



ummmmm is this really the drop in a matter of 24 hours?...that's insane an Pump & Dump.

[GIZZ]

Watching the pre market, https://www.nasdaq.com/market-activity/stocks/gme/pre-market

Right now looks like people are too chicken to hold out for the squeeze. Somebody big should have tried to sell this strategy, like Elon.

[GGnoRE]

I wouldn't be surprised if RH restricts trading again if price of wsb stocks explode. RH raised about 5-600M in credit facility and raised 1B from investors to shore up their liquidity for margin requirement. So yea, I believe them when they said they restricted further buying to protect themselves from going under. But god forbid they take any actions as a private enterprise to save themselves right? Guess who also suffers if RH goes bankrupt and can't settle their trades? Its the retail investors whos owed money from RH.

Given how jaded the general public is against wall street, I know its easy to flock to the conspiracy theory of "its the 1% establishment colluding with each other to screw the little guy", but below is an excellent explanation of why RH restricted trading from someone that knows the back-end detail of trade settlement process and regulatory capital requirements. TLDR version of the story is that RH restricted trading due to the clearing deposits requirements imposed by the Dodd-Frank act which was enacted after the 08-09 crisis. If you're so convinced by the allegations of collusion, which has no tangible evidence so far (post any if you have), that you don't want to take the time to educate yourself on how the capital markets function, then so be it.


Robinhood (RH) is a broker. They don't execute stock orders themselves. They sign up customers, route their orders to executing brokers, and keep track of who owns what. RH is also its own clearing broker, so they directly settle and custody their clients' securities.

Yes, RH is paid by Citadel to handle executing some of its order flow. This isn't as nefarious as it sounds - Citadel Equity Securities is paying to execute retail orders because they aren't pernicious (like having 500x the size behind them).

RH customers buy and sell stocks. Those trades don't settle (settle = closing, the exchange of cash for security) until T+2, two days later. Depending on the net of buys/sells, RH is on the hook to pay or receive that net cash. That's credit risk.

NSCC is the entity that takes that credit risk. It matches up the net buyers and sellers, post-trade, and handles the exchange of cash for security. To mitigate the credit risk that one of the clearing brokers fails, they demand the brokers post a clearing deposit with them.

The NSCC is required to do this by SEC rule, tracing to Dodd-Frank. Here's the details: sec.gov/rules/sro/nscc…

Everyone posts, and if a broker fails, then NSCC takes any losses out of that broker's deposit, then some from NSCC, then from everyone else (the other brokers).

This is a post-crisis idea encoded in Dodd-Frank that making everyone post collateral reduces the credit risk and systemic risk and such.

So how does the NSCC clearing deposit get calculated?

It's basically Deposit = min( 99% 2d VaR + Gap Risk Measure, Deposit Floor Calc) + Mark-to-Market ... math and jargon!

Let's use an example. Say Fidelity has clients who bought 2bn of stock and sold 1.5bn of stocks. First, net down buy/sell between customers in the same stock.

Say that leaves 1bn buy and 0.5bn sell. Run some math to answer "that won't move more than X with 99% odds in the next 2 days." Let's say that's 3% of the net, so 3% * (1bn-0.5bn) = 0.15bn = 15m. That the 99% 2d VaR.

Next, we ask "is any one stock net more than 30% of the net buy/sell" ... and if it is, then we take 10% of that amount and add it as the Gap Risk Measure. So if Fidelity customers bought 200m IBM, then add 20m to that 15m. That's Gap Risk Measure.

Deposit Floor Calc is some thing that looks at the 1bn buy and the 0.5bn sell and does a small calc and adds them, so that if the first calc (99% 2d VaR + Gap Risk Measure) is small, then this floor will keep the overall from being tiny.

Then, last, you add Mark-to-Market. Basically if your customers bought IBM at 140/shr and it goes to 110/shr before it settles for cash at 140/shr, the NSCC has 30/shr of credit exposure to the clearing broker and that amount gets added to the required collateral posted to NSCC.

There are some other items, but that's the basic idea - full details are here: dtcc.com/-/media/Files/…

The NSCC sets the framework, but it is spelled out in Dodd-Frank that they have to do so by law.

These deposits are held in the Clearing Fund at the NSCC.

Financials are here: dtcc.com/legal/financia…

They had 10.5bn in the Clearing Fund as of Sep 30, 2020.

This is the regime post-Dodd-Frank. NSCC updated it's rules in 2018 to improve the VaR calc and to add the Gap Risk Measure.

How did this impact Robinhood?

Well, let's say Robinhood had $20bn of client assets starting 2021. Those customers used to trade $1bn/d say. What is the context for Clearing Deposit? Say 2 days it's a little unbalanced and it's 1.2bn buy and 0.8bn sell. Ok, that's probably around 12m, maybe 20m deposit.

If they take in $600m of new deposits and say $400m wants to buy GME. Plus of their $20bn existing, say there is $400m of GME buys over the past 2d. Then the picture could look like 2.0bn buys and 1.0bn sells, which might normally be 30m deposit. But volatility went up. A bit.

Now 99% 2d VaR is much higher. It should be 20x higher for their net portfolio, but the formula will smooth it out some. Maybe it's ~4x bigger. So just on VaR, they have to post 120m now. That they should have.

The Gap Risk Measure is what kills them.

If GME is over 30% of their net unsettled portfolio, then they are required to post 10% of all the GME buys. So if that's 800m, they have to post another 80m. And there is no limit to it. As long as their clients are up P&L, the mark-to-market covers it.

But if RH takes in 500m of new money and 300m buys GME, then at minimum they are looking at posting 30m+ from just that exposure at NSCC. They cannot use client money - RH has to use their own resources to post. And if GME stock drops, RH has to post the loss pre-settlement.

This would also explain why RH drew its credit lines and said vague things about clearing requirements. bloomberg.com/news/articles/…

The policy goal here is to avoid the central plumbing entities from taking credit risk. In reality, such regulations raise costs and create barriers to entry. It raises profits for entities like DTCC (which owns NSCC and is itself owned by Wall St)

RH offered to open up stock market investing more broadly. They succeeded, clearly. But the regulations didn't change - there are still pro-Wall St, pro-incumbent rules and capital requirements. It's one of the most highly regulated industries in our nation.

So @AOC is right to ask how it can be that Robinhood stopped its clients from buying certain securities. And what she'll find is that the reason is that Dodd-Frank requires brokers like RH to post collateral to cover their clients' trading risk pre-settlement.

And it isn't the Fed or SEC who sets the rules. It's the Wall St owned central clearing entity itself, DTCC, that makes its own rules. So when the retail masses decided to squeeze the short-sellers, in the middle of crushing them, it was govt regulations which tripped them up.

[SkinnyPupp]

TLDR: Everything is fake until you cash out (if you can cash out)

[unit]

if GME does indeed pop, i wonder what that's going to do to the worlds economy?
a lot of ppl will have money and will be out there spending.
RE could go up quite a bit, or do you think that's assuming too much?
suddenly if even 1% of millenials have 5x their money with the limited inventory in this city that could make quite a splash.

[lowside67]

I bought a small amount yesterday taking advantage of what I thought was a temporary dip as a result of so many Americans being prevented from buying. With how far upwards things moved this morning, I decided to take the profit and run. There is high risk, and there is this, which is literally a house of cards.

I understand the thesis, but the simple reality is it is a giant prisoner's dilemma and it only takes a few people looking at these huge gains and saying "this has gone wildly beyond what I expected and time to buy a house" to start the momentum moving in the opposite direction.

At least if your play is Blackberry, there is an underlying business to consider; I don't really feel the same about Gamestop.

-Mark

[sonick]

I bought a small amount yesterday taking advantage of what I thought was a temporary dip as a result of so many Americans being prevented from buying. With how far upwards things moved this morning, I decided to take the profit and run. There is high risk, and there is this, which is literally a house of cards.

I understand the thesis, but the simple reality is it is a giant prisoner's dilemma and it only takes a few people looking at these huge gains and saying "this has gone wildly beyond what I expected and time to buy a house" to start the momentum moving in the opposite direction.

At least if your play is Blackberry, there is an underlying business to consider; I don't really feel the same about Gamestop.

-Mark

Totally agree with this, as well as my sentiment on BB. It seems like they actually have some solid future business potential with their software and partnerships.

[threezero]

if GME does indeed pop, i wonder what that's going to do to the worlds economy?
a lot of ppl will have money and will be out there spending.
RE could go up quite a bit, or do you think that's assuming too much?
suddenly if even 1% of millenials have 5x their money with the limited inventory in this city that could make quite a splash.


Kudo to Reddit, and to everybody that also in on the GME/meme stock.

The market maker however will take back money elsewhere. Look at them laying the smack down on all other equities.
There is also the liquidity and overleveaging issue that this whole meme craze has undercover. Fear is extremely high right now, whether you are in meme stock or not.

Percentage of people in GME making gains is small relative to the whole society that has significant stake in broad equity.

That being said. went back in GME today, sold off a lot of my other stuff to wait this out.

Fuck em

[ilovebacon]

With 112% of float left, I am holding it until next week.

[GGnoRE]

With 112% of float left, I am holding it until next week.

Have you thought about what the entry price for those shorts are now? We have no idea what those shorts truly are anymore. For all we know those shorts could have a substantial higher entry price now so they can sit back and wait for the inevitable(?) collapse. A lot of those shorts also could've been neutralized with some other synthetic derivatives. When Melvin said they covered their positions, I don't think they were straight up lying and risking jail time (Gabe Plotkin of Melvin is still worth 300M even if he closes shop). Even if they weren't 100% honest, you can bet they were exploring everything that is financially possible to save his fund, even if that means crystallizing the loss of the majority of his AUM. There's a lot of variables at play here other than short outstanding. You might be hoping that the attention span of the wsb community is as long as your patience.

[whitev70r]

Yah, honestly, it's greed and FOMO jumping in now. Melvin apparently covered his bets (took his loss, ate crow, tail between his legs, etc.) already so it's not about screwing hedge fund managers anymore. People are walking further and further out on a frozen pond while the temperature is rising ... the crash will come, it has to.

[unit]

as much as i hate to admit it, i agree with you guys. i cant really picture some scenario with millions of kids get rich overnight. these hedge fund guys are slimy assholes, and they use esoteric strategies that are oversimplified and misunderstood by those outside of the bubble. i sold a lot of my position already, then bought back but a much smaller position afterwards. if it hits, it hits, if it goes to zero, then i've already accepted that possibility.

[SkinnyPupp]

https://i.redd.it/8vxraurkcce61.png

They really REALLY REALLY want people to lose their cool and sell their GME

[underscore]

I think it depends on what peoples goals are. Some average -ish Joes will make some good money off it, but I see a lot of stories from broke people who got screwed in 2008 and screwed again in 2020 while billionaires laughed and got handouts and just want the chance to turn the tables for once. They threw in what little they have and they don't care if they lose it by holding forever since they've lost everything before and they'll lose it again in the future either way.*

It seems to be hurting some billionaires, at least emotionally, or there wouldn't be weird ads and old douchebags crying on the news about the poors being mean to wealthy people. I'm definitely not smart enough to know what the end result will be but it's certainly going to be interesting.

*I'm also loving how this seems to be beyond the comprehension of the Wall Street billionaires and the douches who like to LARP as one. They can't seem to process having a goal that isn't self serving.

[Alpine]

Looks like the revenge of the establishment might be happening. Maybe this is what the SEC and the ceo of nasdaq meant when they said they were going to monitor social media. More and more retail investors are going to get hurt (myself included). Either that or robinhood is trying to make it look like they weren’t acting only against WSB stocks.

https://twitter.com/cnbc/status/1355266992568115200
https://twitter.com/cnbc/status/1355266992568115200?s=21

[SkinnyPupp]

I think it mostly comes down to how many of the people holding GME are "true believers". If it's enough, it can work. A famous (I guess?) Chinese billionaire said he'd buy $10 million worth but I doubt his motives. Who knows though

Because the hedge funds shorted around 150% of the stocks that exist, it will actually take fewer of these "true believers" than it would if they were just a tiny bit less greedy.

[GGnoRE]

Does anyone know how the identity of u/deepfuckingvalue got revealed? I think this is a huge blow to the movement. There is going to be an insane amount of spotlight and scrutiny on him (his face is already on the biggest front page section of wsj.com). Obviously this guy's got massive balls but I'd feel immense psychological pressure if 5 million people were listening to my investment advice. Wouldn't blame him if he starts taking profits off the table either. If he starts to capitulate, that's going to hurt the morale and sentiment of the movement. Interesting that he is a CFA charterholder... he has studied and passed financial ethics test three times lol

[SkinnyPupp]

Does anyone know how the identity of u/deepfuckingvalue got revealed? I think this is a huge blow to the movement. There is going to be an insane amount of spotlight and scrutiny on him (his face is already on the biggest front page section of wsj.com). Obviously this guy's got massive balls but I'd feel immense psychological pressure if 5 million people were listening to my investment advice. Wouldn't blame him if he starts taking profits off the table either. If he starts to capitulate, that's going to hurt the morale and sentiment of the movement. Interesting that he is a CFA charterholder... he has studied and passed financial ethics test three times lol
I read the article and I don't see any reason this would be a blow to the movement... If anything it realizes it even more. Guy with a 2 year old held from from the beginning, could have just quietly made millions but instead started the movement.

Again it comes down to - is he a "true believer" or a guy who tried to manipulate the market? I think if it was the latter, he never would have revealed himself, and would have sold out long ago and disappeared.

I'm interested to hear why you think this is a bad thing. I know nothing about the stock market, but I really enjoy observing.. society I guess you'd say? Since this isn't a typical stock market thing that follows their rules rather than societal rules, I don't think it can be viewed the same way.

If anything, they are trying to set him up as a "leader" so they have someone to go after with accusations of manipulating the market

[JSALES]

Kevin O’Leary making a point

https://youtu.be/_AAgbLSHUEM

[rawr]

https://i.ibb.co/wgqQc0H/MV.jpg

me yesterday :lawl:

[GGnoRE]

I read the article and I don't see any reason this would be a blow to the movement... If anything it realizes it even more. Guy with a 2 year old held from from the beginning, could have just quietly made millions but instead started the movement.

Again it comes down to - is he a "true believer" or a guy who tried to manipulate the market? I think if it was the latter, he never would have revealed himself, and would have sold out long ago and disappeared.

I'm interested to hear why you think this is a bad thing. I know nothing about the stock market, but I really enjoy observing.. society I guess you'd say? Since this isn't a typical stock market thing that follows their rules rather than societal rules, I don't think it can be viewed the same way.

If anything, they are trying to set him up as a "leader" so they have someone to go after with accusations of manipulating the market

I wasn't sure if he came forward on his own or if his identity was revealed and he was forced to do interviews with the media. In wsb, there was a post about how his identity was doxed but hard to determine credibility of that. If it became public knowledge that 5 million people were listening to my investment advice, I'd feel a lot of pressure. He's a CFA charterholder so he obviously isn't some amateur (requires 4 years experience) and he knows exactly how careful he has to be when recommending investments. He also has to be extremely clear, now, in how he communicates his investment thesis. At this current price point, why shouldn't his clients take profit and reduce exposure? What is the final price target? What are the downside risks? What is the rationale? Is the main catalyst to force a short squeeze? (arguably a violation of ethics for transaction-based manipulation) Is the recommendation based on your own political motivation? (dereliction of duty to client). Surely he's also thought about the potential legal ramification if GME craters and people suffer massive losses. If any this stuff leads to him slowly backing down on his calls or positions, that might be the tipping point for GME at least. But in the end, like you said, maybe he is a true believer and he doesn't care about any of this stuff that he has pledged to.

[Mr.Money]

all i know if i was massively ahead at 4.35 a share to 400+ i'd get tf out

[underscore]

I thought he shared his identity himself? Supposedly he has a YouTube channel and I assume he did the interview by choice.

Also holy shit I agree with O'Leary about something. What a funny day.

[GIZZ]

His youtube channel. I wish I was following him months ago. https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ

[GGnoRE]

I thought he shared his identity himself? Supposedly he has a YouTube channel and I assume he did the interview by choice.

That's what I was hoping someone would clarify for me. His youtube channel goes by "Roaring Kitty" and his reddit id is "deepfuckingvalue" (love the name btw), and his real name is something else. Not sure if the connection between that youtube channel and reddit persona was public knowledge.

[eclipseman]

all i know if i was massively ahead at 4.35 a share to 400+ i'd get tf out

Many people would have bailed after they were up 50-100%. He saw the value in Gamestop, even after being ridiculed on WSB for over a year.

[eclipseman]

That's what I was hoping someone would clarify for me. His youtube channel goes by "Roaring Kitty" and his reddit id is "deepfuckingvalue" (love the name btw), and his real name is something else. Not sure if the connection between that youtube channel and reddit persona was public knowledge.

Apparently he was identified by a Dailymail investigation? I believe I read that he was identified through an LLC he had registered way back, as Roaring Kitty Co. or something similar.

As DFV, his Roaring Kitty youtube channel was known, at least on Wallstreetbets.

[underscore]

Idk if this will work

https://www.reddit.com/r/wallstreetbets/comments/l8by2w/this_is_for_you_dad_3rd_repost_please_dont_delete/?utm_medium=android_app&utm_source=share

https://i.redd.it/ywe8c05pvde61.jpg

[Alpine]

https://twitter.com/MehNitesh2/status/1355380501473845248

Pretty much anything that gets mentioned on social media and/or has heightened share/call activity will likely end up on this list.
Remember what the SEC & CEO of nasdaq said - they will be monitoring social media for manipulative activity. This is the start. They're not going to go after the hedge funds, they're going after the retail market. Remember, hedge fund & system manipulation is hidden, and the entire narrative across all mainstream media, c-suite execs, etc... is retail investor manipulation.

[GGnoRE]

Idk if this will work

https://www.reddit.com/r/wallstreetbets/comments/l8by2w/this_is_for_you_dad_3rd_repost_please_dont_delete/?utm_medium=android_app&utm_source=share



The rest of that post could be true but the part about "I saw hedge funders literally drinking champagne as they looked down on the Occupy Wall Street protestors" is not accurate. That specific event was when a crowd of patrons on the balcony of Cipriani Club Residences, dual condominium residence and private luxury club, was seen looking down at the crowd of Occupy Wall street protestors with drinks in their hand. Were those guests that were onlooking from the balcony rich? Probably. But no one knows if those guests at that restaurant were hedge funders, or if they had any involvement in the housing crash that ruined that redditor's family, or if they even work in finance.

[SkinnyPupp]

There's a lot of fiction being written on reddit around this stuff. Saw more than one post about "my family was broke after 2008" blah blah blah... Actually more than a few posts with that same story. Be wary of that kind of shit.

But still hold and fuck these billionaires over! SwiftRage

[underscore]

It's the internet, so it's a toss up at best and only a single person anyways.

Maybe that's not what actually happened in the picture, but again it's the internet so you know it was all over the place with different captions and who knows how many people know the correct one.

What is known is that a lot of people lost a lot in 2008 and again in 2020 while billionaires got handouts. It's just a matter of whether people being (rightfully) pissed off about that causes them to act and if their actions can even make a difference.

[BIC_BAWS]

Which SPAC? I'm looking into new plays since GME saga is over.

I'm currently in BTWN, BTNB, and SVFA.

Sorry used the completely wrong term LOL. Let me rephrase. I participated in a PP about two years ago, which the private company did a RTO on a CPC, and is now on TSX.V as HULK.V.

I've seen a lot of PP deal decks come across my desk over the years, but this is the first one that I've actually put money into and seen it progress from a private company to a public company.

Having learned what I learned now, I feel that while the risks are higher, choosing the correct SPAC or purchasing shares of a CPC can lead to high reward. For example, the CPC that HULK.V used was AMW.P, which traded at $0.09. If my understanding is correct, shareholders of AMW.P are now shareholders of HULK.V which on Day 1 closed at 0.75. So without access to a PP, if I had invested in that CPC, I would be up 7x on Day 1?

Edit: Does anyone have experience with depositing share certificates into a brokerage or executing share warrants? I have about 4 months before I have to really worry about either, but it seems like WealthSimple doesnt do share certificate conversation and TD won't touch physicals cause COVID.

[pastarocket]

A co-worker sent me an IM during work that one of his buddies bragged about making big gains from GameStop.

That co-worker is wishing that he made 50 grand US like his buddy. :damn:

[SkinnyPupp]

Something a lot of people learned this week

https://twitter.com/DanPriceSeattle/status/1355754957627158528

[Edison_Chen]

Any tips or recommended reading/watching for a newbie learning the ropes about stocks? This GME, NOK and AMC are pretty exciting over the last few weeks.

[SkinnyPupp]

Any tips or recommended reading/watching for a newbie learning the ropes about stocks? This GME, NOK and AMC are pretty exciting over the last few weeks.
https://www.reddit.com/r/wallstreetbets

[threezero]

Any tips or recommended reading/watching for a newbie learning the ropes about stocks? This GME, NOK and AMC are pretty exciting over the last few weeks.

start with youtube.

Get more in-depth on specific at
http://investopedia.com/

[68style]

Something a lot of people learned this week

https://twitter.com/DanPriceSeattle/status/1355754957627158528

Dan Price is practically a national treasure

[Razor Ramon HG]

Elon Musk had a talk with Vlad Tenev in Clubhouse earlier tonight.

https://www.youtube.com/watch?v=Cba53J1jyPM

Starts around 1:44:00.

[SkinnyPupp]

Dan Price is practically a national treasure
Yeah I've noticed that I like practically everything he says on Twitter

If all CEOs had even a shred of his decency, the capitalist world would be a better place. Even if someone thinks $70K is too low of a salary for a CEO, just go for $150K or even $300K and let the rest of the company share the rest. Hell even cutting down to $1 million would be an improvement for many. How much money does one person even need? WutFace

Meanwhile everyone worships covid denier Elon Musk

[GGnoRE]

Senator Elizabeth Warren: "The commission [SEC] must review recent market activity affecting GameStop and other companies, and act to ensure that markets reflect real value, rather than the highly leveraged bets of wealthy traders or those who seek to inflict financial damage on those traders”.

Good luck threading that needle SEC lol

[68style]

Love all the marketing being done by Citadel to push everyone into buying silver... literally countless articles all over my FB feed and Apple news etc. about how there's no silver left to buy and it's going to overtake any other investment... that's funny, Ben Moss and their like seem to be full of shitty jewelry made from it?

And they want to talk about market manipulation??? Take these fuckers down!

[SkinnyPupp]

This is hilarious

https://i.redd.it/nimekoqizue61.png

It is so blatant and fake, I can't believe they can get away with it. I said the same thing about Trump many times. They literally make up fiction and people just buy it up. HOW???

[68style]

Some of the articles are so transparent about the fakeness of it all they even put WallStreetBets in quotations as if it's my 70 year old dad trying to sound cool using a word a 20 year old uses

[GGnoRE]

Trading analytics firm S3 Partners' founder Ihor Dusaniwsky reported this morning that GME's short interest plunged, "short interest is just $8.82BN or 27.12M shares shorted" as the shares short have declined by a whopping 35.2 million shares over the last week.

According to S3, this represents 53.15% short interest of the % Float (or 34.1% using S3's version of SI % Float which excludes synthetic share). Shorting is now cheaper, the borrow fee has plunged from 26% to just 10%.

[whitev70r]

For those who got in on Friday, holding your breath about what will happen Monday, it's not good. Another correction day for GME ... noob investors, frat boys/girls, running out of money to prop it up. WSB can't get any more idiots to buy GME. If you got in early, it's time to bail. If you got in late ... just hope that it was $ you were ready to lose.

Company is still not worth its current price of $258/share.

[blkgsr]

Trading analytics firm S3 Partners' founder Ihor Dusaniwsky reported this morning that GME's short interest plunged, "short interest is just $8.82BN or 27.12M shares shorted" as the shares short have declined by a whopping 35.2 million shares over the last week.

According to S3, this represents 53.15% short interest of the % Float (or 34.1% using S3's version of SI % Float which excludes synthetic share). Shorting is now cheaper, the borrow fee has plunged from 26% to just 10%.

can you dumb this down for me?

- the number of shorted shares has decresed?
- the interest they're having to pay on shorted shares in decreased?

sounds like both of these is in the hedge funds favor somewhat reducing the WSB "power"

is the same happening for AMC? I just hoping everyone jumps out of GME and into AMC

[68style]

Even just riding the waves today nets a tidy profit for a few hours work

[SkinnyPupp]

Nothing has happened yet as far as I can tell ... Just some low volume orders picking off the panickers. The WSB freaks are still holding and buying the dips LUL

If a real correction happens before the squeeze, the price should be like $20, not $250!

[lowside67]

If I were looking to continue to put Vegas money on Gamestop, I'd say I like the downward direction more than up. But a naked short is pretty scary, if I am betting downwards, I'd likely prefer to buy put options. It's a far more binary outcome - you either win or lose (all of your investment), but at least the potential loss is limited to what you put into the options rather than an unlimited exposure of a short.

-Mark

[GGnoRE]

can you dumb this down for me?

- the number of shorted shares has decresed?
- the interest they're having to pay on shorted shares in decreased?

sounds like both of these is in the hedge funds favor somewhat reducing the WSB "power"

is the same happening for AMC? I just hoping everyone jumps out of GME and into AMC

Yes, the number of shares short has decreased dramatically. Brokers charge an interest rate for you to borrow shares to short-sell since shorting means you are selling a stock you don't own, therefore you need to borrow one to sell. The higher the market demand to short, indicated by short interest as % of shares floating, the higher the interest rate charged by brokers. Prior to this week, GME had an insane amount of short so the cost to maintain a short position was high on top of the price rally that was hurting the shorts. You are correct in your conclusion. Whoever is short GME now (I don't know if they are hedge funds), has a longer investment time horizon for their short positions to come to fruition. Those who are long, are now betting more on the fundamental business or the continued wsb frenzy rather than a short squeeze play.

I am not sure what is happening with AMC. The data on short interest etc. are proprietary and sold by trading analytic companies.

[whitev70r]

Wait .. if you short GME .. isn't that exactly the practice that WSB was protesting against with the hedge fund managers ??

So then it isn't about sticking it to fund managers, now it is about making a fast buck.

[Alpine]

WSB was ALWAYS about making a fast buck (or tendies). But then the whole broker restriction/limitation happened, and then it became about sticking it to the establishment.

[Alpine]

So much manipulation and misinformation about reddit in mainstream media now. I am seeing #biowar on yahoo now. I think they're going to try and run the name of reddit/WSB into the ground while they stand behind the scenes and profit from it. There are going to be so many pump & dumps, and they will blame reddit traders for all of it. The bagholders will take it hook, line, and sinker...

[unit]

yeah i got out, lost some money for sure but nothing life changing.
still holding some bb but not gme anymore. just really can't picture anything happening like the whole internet getting rich at the same time. 240 may seem cheap rn, but it won't when the stock is even lower. had my chance to cash in a few times but when wsb becomes far too cultish over holding the stock, you gotta take a step back. good thing is there are plenty of good pandemic stocks out there and it's still a great buying opportunity in many sectors, so the money can be made back with relative certainty.

[Eff-1]

I bailed out on NAKD today. Lost some decent money, but it's okay, I knew the risk. Got caught up in the FOMO for sure and didn't do my DD, just listened to a rich friend with way more disposable income who had already made his profits by buying in a week ago and followed his lead to my detriment.

Still holding some GME, AMC and NOK.

I feel like that asian lady about to change lanes. Good luck everybody else!

[bcrdukes]

I bailed out on NAKD today. Lost some decent money, but it's okay, I knew the risk. Got caught up in the FOMO for sure and didn't do my DD, just listened to a rich friend with way more disposable income who had already made his profits by buying in a week ago and followed his lead to my detriment.

Still holding some GME, AMC and NOK.

I feel like that asian lady about to change lanes. Good luck everybody else!

Not being racist but for the LOLs

https://youtu.be/hlH9RGLJqxE

[JSALES]

Cashed out on GME today, should’ve cashed out in the high 300’s but I’ll take my profit.

[eclipseman]

The manipulation is just laughable. I'm pretty certain if the brokerages didn't shutdown retail buying on Thursday, this would have squeezed far above $500. Big money always win. It's quite disheartening.

After seeing how #silversqueeze was trending over the weekend, I exited 98% of my position this morning. Grateful to have been in this early. Won't retire, but life is a little bit easier.

On to the next one.

[HonestTea]

NOK earnings on Thurs

[blkgsr]

i can't see GME making a come back based on what's been written above...nor do i care as i'm not invested

hoping there's still hope for AMC

[Spoon]

So do the people left holding the bucket start complaining about the dangers of market manipulation in the internet and the need to throw these people behind bars? :lol

[68style]

After hours for GME is a bit ugly... another 20+% down at one point but about 15% now... stay safe everyone

[threezero]

If I were looking to continue to put Vegas money on Gamestop, I'd say I like the downward direction more than up. But a naked short is pretty scary, if I am betting downwards, I'd likely prefer to buy put options. It's a far more binary outcome - you either win or lose (all of your investment), but at least the potential loss is limited to what you put into the options rather than an unlimited exposure of a short.

-Mark

Note on the put option.

The IV is still insanely jacked on GME.

You will still lose premium even as the stock price itself crashes down.

My put spread is worth less today than it was last week. Expect to see both side of the the option chain crashing down in value with the stock.

If it’s seems easy money. It’s most likely a trap. GME is going to be a painful lesson for all those that are just in it for the money that join last week...

[ilovebacon]

Lots of ladder shorting.. what an ugly day.

[BIC_BAWS]

I bailed out on NAKD today. Lost some decent money, but it's okay, I knew the risk. Got caught up in the FOMO for sure and didn't do my DD, just listened to a rich friend with way more disposable income who had already made his profits by buying in a week ago and followed his lead to my detriment.

EFF-1 knew the risks and was okay with it. But for everyone else who is new to trading and is reading this thread - do not do this.

Rich buddy tells you how much profit he's made on X stock, by the time you hear about it, it's more often than not too late for you to go and buy that stock. If anything, if it's not a hype stock (ie. VERY), I would just put it on my watch list, do my DD (due diligence) and wait for a significantly lower price.

I'm no expert or anything and this isn't financial advise. But I've seen many friends, myself included, when we were ultra newbs at the stock market that purchased a stock by listening to a rich friend and got fucked. Like entry at $8 to exit $3 (one guy exited at $1.00) kind of fucked. Bag holding is not the way to go

[Obsideon]

i can't see GME making a come back based on what's been written above...nor do i care as i'm not invested

hoping there's still hope for AMC

I'm in the same boat, let's hope for the best!

[Mr.Money]

GME bounced back once on one dip so far......that wasn't expected to me

the ultimate gamble is if you're thinking its gonna dip $150 and boost to $250 in matter of hours a 2nd time

:suspicious:

[BIC_BAWS]

LOL the first ad I see on Reddit.. damage control


https://uploads.tapatalk-cdn.com/20210202/07e679f73ff7175c14547b9cb34053da.jpg

[SkinnyPupp]

To me it looks like it's not even close to being over; they're trying to mitigate complete disaster. If all the shorts were covered, the volume should be pretty easy to keep track of. Reddit is making them hold on and pretend things are fine, let's see who has the most patience LUL

[SumAznGuy]

EFF-1 knew the risks and was okay with it. But for everyone else who is new to trading and is reading this thread - do not do this.

Rich buddy tells you how much profit he's made on X stock, by the time you hear about it, it's more often than not too late for you to go and buy that stock. If anything, if it's not a hype stock (ie. VERY), I would just put it on my watch list, do my DD (due diligence) and wait for a significantly lower price.


I have a friend who missed the early wave and bought before the weekend at under $300. He didn't mention anything yesterday but I hope he cashed out when it was $325 because it's very ugly right now and I just don't see it bouncing back up.

[blkgsr]

I'm in the same boat, let's hope for the best!

not looking good this morning....the lows keep getting lower.

[unit]

i find that usually i find out about these things when things are still going up, and i usually don't get caught up in it but i did here. when i got in i had ample opportunity to get out with a tidy profit but then greed kicks in. oh well, lesson learned.

[GIZZ]

Mark Cuban goes live. GME starts climbing and they halt the trading, killing momentum. Too much manipulation.

[Doubl3_H]

Yikes for this guy

https://i.ibb.co/yR9SH7n/47oih6km7be61.jpg (https://ibb.co/j5NRnsv)
image hosting websites (https://imgbb.com/)

[unit]

i get the feeling that this is not uncommon. some ppl believed so hard they prob did stupid things like take out massive loans

[underscore]

Another news org not bothering to verify anything before posting stuff that's easily checked as false. If nothing else GME has been good at showing who to ignore.

https://markets.businessinsider.com/news/stocks/silver-miners-stocks-reddit-first-majestic-wheaton-precious-pan-american-2021-2-1030028701

[cafe22]

Lots of paper hands today.

[Spoon]

I'm no expert or anything and this isn't financial advise. But I've seen many friends, myself included, when we were ultra newbs at the stock market that purchased a stock by listening to a rich friend and got fucked.

This is why it pays to go long as a retail investor. If you're not first, you're last.

[whitev70r]

The rockets for GME are coming back to earth.

[Razor Ramon HG]

AMZN beats and Bezos steps down as CEO to executive chairman in Q3.

[whitev70r]

^ Reminds me of Bill Gates ... at some time, founder should step down and do other things.

[Razor Ramon HG]

^ Reminds me of Bill Gates ... at some time, founder should step down and do other things.

https://finance.yahoo.com/news/amazon-bezos-to-step-down-as-ceo-211421791.html

Should've linked the article earlier.

“Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else,” he added. “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”

[whitev70r]

^ yup, once you are swimming in billions, something clicks inside and I think you start thinking how I can leave a positive legacy of some sort like environment, alleviate poverty, health and eradicating disease, education for the developing countries, clean water, etc.

I actually like how some of the wealthiest people in the world has pledged to give away like 50% of their wealth away. https://en.wikipedia.org/wiki/The_Giving_Pledge

[Obsideon]

Well ouch for AMC, I hope it bounces back a little...

[lowside67]

Well ouch for AMC, I hope it bounces back a little...
Not really sure why it would... the long term targets for AMC range between $1.00 and $5.00ish depending on the analyst.

-Mark

[Alpine]

Look for AMC to regain strength after the pandemic.

[Mancini]

GME: If the hedges didn’t substantially cover today the price should go lower. All of the tactics seem unnecessary if there wasn’t still exposure (short ladders, limiting buying, mandatory stop-losses, etc). Doesn’t that create a short-term buying opportunity with gambling money? Coupled with renewed public interest that results in a big surge. Am I looking at this right?

What I can’t wrap my head around is WSB looking at this like an infinite opportunity. Assuming a surge even happens once the shorts have covered what would keep the momentum going?

In the AMA today Mark Cuban suggested existing investors hold. He sees something here.

SLV: Media started broadcasting silver as the next hot ticket yesterday but the price dropped. What’s happening here? Ironically, I’m still holding onto SLV from my last purchase many years ago. All of the supposed “next big thing” stocks went down on an up day: AMC, NOK, BB.

This post may come across as sorely uninformed. I made a handful of trades years ago and forgot most of the little I knew.

[bcedhk]

Wanda (owners of AMC) and the CCP should have stepped in and help screw over the hedge funds.

[4doorVIP]

I averaged down on AMC today, kinda wish I grabbed some GME on that deep V

[Obsideon]

Look for AMC to regain strength after the pandemic.

Ugh, whenever that is lol ... looks like we'll be masking up for long long time.
Yeah it pretty much verifies I have no idea wtf I'm doing lol ... got caught up in all the hoopla now I'm down on AMC. Luckily it's not much as I'm usually pretty conservative.

[underscore]

SLV: Media started broadcasting silver as the next hot ticket yesterday but the price dropped. What’s happening here?

There have been a bunch of news items coming out saying WSB is pushing for SLV next. Except if you check WSB that's not the case at all, and all the accounts trying to push SLV in the comments are from new accounts, or ones that haven't been used in ages and never posted in WSB before (ie stolen).

[Mancini]

^thanks. I’ve noticed that, too. They’re up in arms about it. Still, I didn’t think general public would make that distinction.

[Alpine]

Ugh, whenever that is lol ... looks like we'll be masking up for long long time.
Yeah it pretty much verifies I have no idea wtf I'm doing lol ... got caught up in all the hoopla now I'm down on AMC. Luckily it's not much as I'm usually pretty conservative.


Don't worry, everyone's learned that lesson before. Many of us have learned that lesson multiple times and are still learning it lol.

[highfive]

Sorry used the completely wrong term LOL. Let me rephrase. I participated in a PP about two years ago, which the private company did a RTO on a CPC, and is now on TSX.V as HULK.V.

I've seen a lot of PP deal decks come across my desk over the years, but this is the first one that I've actually put money into and seen it progress from a private company to a public company.

Having learned what I learned now, I feel that while the risks are higher, choosing the correct SPAC or purchasing shares of a CPC can lead to high reward. For example, the CPC that HULK.V used was AMW.P, which traded at $0.09. If my understanding is correct, shareholders of AMW.P are now shareholders of HULK.V which on Day 1 closed at 0.75. So without access to a PP, if I had invested in that CPC, I would be up 7x on Day 1?

Edit: Does anyone have experience with depositing share certificates into a brokerage or executing share warrants? I have about 4 months before I have to really worry about either, but it seems like WealthSimple doesnt do share certificate conversation and TD won't touch physicals cause COVID.

Td will take it now I believe. They were closed originally but the office is back opened already in Toronto. Just go to a branch and do a securities deposit. Next time ask for digital shares certificates instead.

[blkgsr]

I averaged down on AMC today, kinda wish I grabbed some GME on that deep V

i was thinking about it but thought, how much more do i want to dump into this thing....

[GGnoRE]

i was thinking about it but thought, how much more do i want to dump into this thing....

I normally don't give investment advice online but why subject yourself to such stress... there are safer ways to make money in the market, albeit not at the speed that wsb wants. AMC at this current price is still sitting at 300% year-to-date return. Is there any development in the actual business that warrants the company to be valued 3x what is was prior to this year? We all know movie theater industry was on a secular decline long before covid. Even the most bullish street analyst is pegging AMC at a price target of $5-6 per share after baking in a strong post-covid recovery. But then again, anything can happen in the market and I know its painful to cut your losses. We call this cognitive bias Loss-aversion.

The loss-aversion tendency breaks one of the cardinal rules of economics; the measurement of opportunity cost. To be a successful investor over time you must be able to properly measure opportunity cost and not be anchored to past investment decisions due to the inbuilt human tendency to avoid losses. Investors who become anchored due to loss aversion will pass on mouth-watering investment opportunities to retain an existing loss-making investment in the hope of recouping their losses.

[winson604]

Ugh, whenever that is lol ... looks like we'll be masking up for long long time.
Yeah it pretty much verifies I have no idea wtf I'm doing lol ... got caught up in all the hoopla now I'm down on AMC. Luckily it's not much as I'm usually pretty conservative.

FOMO bro you'll learn. Move on!

[blkgsr]

I normally don't give investment advice online but why subject yourself to such stress... there are safer ways to make money in the market, albeit not at the speed that wsb wants. AMC at this current price is still sitting at 300% year-to-date return. Is there any development in the actual business that warrants the company to be valued 3x what is was prior to this year? We all know movie theater industry was on a secular decline long before covid. Even the most bullish street analyst is pegging AMC at a price target of $5-6 per share after baking in a strong post-covid recovery. But then again, anything can happen in the market and I know its painful to cut your losses. We call this cognitive bias Loss-aversion.

The loss-aversion tendency breaks one of the cardinal rules of economics; the measurement of opportunity cost. To be a successful investor over time you must be able to properly measure opportunity cost and not be anchored to past investment decisions due to the inbuilt human tendency to avoid losses. Investors who become anchored due to loss aversion will pass on mouth-watering investment opportunities to retain an existing loss-making investment in the hope of recouping their losses.

100% agree and there's a couple factors that play in to my thought patter on this massively risky play

- average down in "hopes" it comes back up some and i lessen my loss
- buy more share in the (again hopes) it "goes to the moon" and yay i have more

don't get me wrong, the fact that those two statements both contain "hope" is a poor judgement for an investment and i know that

[GGnoRE]

This is what I have been trying to shed more light on with regards to the idea that institutional investors, like hedge funds, are a homogenous blob of establishment that colludes to protect each other when in reality, there are many factions and players to the market. It's also not uncommon for hedge funds to battle against each other (look up Icahn vs Ackman). In this case of GME, Bloomberg reported today that Jason Mudrick’s hedge fund earned $200 million on its GME positions thanks to wsb. Silver Lake Management, a titan in the tech private equity space, also earned over $100 million thanks to wsb. So much for sticking it to the 'suits' lol. Are these funds any more ethical than the ones that lost money on GME? Doubt it.

https://www.bnnbloomberg.ca/mudrick-capital-gains-200-million-on-amc-gamestop-bets-1.1557916

[unit]

thinking of going long CCL. they said they can survive 2021 without cruising, so as long as vaccines are coming then i only see good things for CCL as the year goes on. also, who cruises? a lot of older people who are in line to get the vaccines a bit earlier. once people get immunized they will start booking cruises again. currently trading at $20, down from it's pre-covid price of around $50. just based on that i think $30 wouldn't be unreasonable by EOY as long as no major shortages of vaccines. there's a risk of the price not going up in a straight line though, things like outbreaks on ships if they start too early are possible. i'd DCA this one. thoughts?

[CorneringArtist]

Because I got in on GME so low ($38) and I only have three shares, it doesn't eat me as much to hold and see what happens.

However, I decided to go long on the recent IPO for Kits, an online eyeglass retailer based in Vancouver. The CEO managed to previously sell another eyewear company he ran to Luxottica (fuck them lol), and I have a feeling that there's some money to be had in a couple of years.

[Alpine]

https://twitter.com/Slasher/status/1357053992187154435?s=20

[Razor Ramon HG]

thinking of going long CCL.

I personally rather invest in an airline like AC over cruises.

[bcrdukes]

When I Google'd what CCL was, this is what Google returned:

People also ask
Is CCL a buy now?
CCL stock is not a buy.6 days ago

CCL Stock: Is Carnival Stock A Buy Right Now?

[donk.]

20% gains on MVIS today, really curious to see whats gonna happen in april once they roll out their testing and demonstrations. 400% gains in 6 months Kreygasm


Once these guys roll out into more cars and general building automation, things are going to blow up

[Razor Ramon HG]

I remember people pumping it when there was a Microsoft buyout rumors.

[BIC_BAWS]

Recommendation on brokerage account? Fees don't matter to me. I just want it to be fast to trade, fast to process my transfer, and high liquidity (as in I don't want there to be issues with brokerage when I sell).

WealthSimple and QuestTrade wants 10 business days of processing time for DRS ComputerShares. But everyday that goes by is a higher capital gains hit cause it's currently non-registered. I'll take the capital gains hit into TFSA np but I just need the speed and reliability.


Edit: don't mind trading fees, but account fees kinda suck

[unit]

I personally rather invest in an airline like AC over cruises.

yep it's also a good buy rn. i realize nothing i'm saying is revolutionary, but the timing atm is not bad.. pandemic is probably in the recovery phase as long as the new strains don't completely get out of hand and bring everything to it's knees. optimism is starting to pick up and so it's a good time to get into covid affected stocks.

[Hondaracer]

Lol fuck yesterday they had a guest on BNN that was just ruthless regarding the WSB thing

“This isn’t even speculation, it’s Russian roulette. And the majority of people are going to be taken out on a stretcher because that’s what happens when you play Russian Roulette”

He ended with a little poke at WSB (im paraphrasing)

Somthing along the lines of “ok you paid for your new gaming consoles, now fade away”

Lol

[whitev70r]

^ Sometimes the truth hurts.

[sonick]

thinking of going long CCL. they said they can survive 2021 without cruising, so as long as vaccines are coming then i only see good things for CCL as the year goes on. also, who cruises? a lot of older people who are in line to get the vaccines a bit earlier. once people get immunized they will start booking cruises again. currently trading at $20, down from it's pre-covid price of around $50. just based on that i think $30 wouldn't be unreasonable by EOY as long as no major shortages of vaccines. there's a risk of the price not going up in a straight line though, things like outbreaks on ships if they start too early are possible. i'd DCA this one. thoughts?

I've done my fair share of cruising having worked at a cruise agency for 5+ years early on in my career, and this is moreso personal preference/opinion, but generally cruising as an industry is pretty shitty. Poor conditions for onboard staff, negative environmental impact, as well as the impact of bad tourists on the destinations they go to. Also the fact that even before COVID they were hotbeds for gastro-intestinal disease and outbreaks.

The negative impacts have gotten significantly worse as they build larger and larger ships, allowing more and more guests, and making prices more and more affordable, thus appealing to the lowest common denominator.

That said, if you're in it to make money, it seems like cruiselines are very confident in things ramping back up with the vaccine. They are pre-selling tons of bookings even during the pandemic.

[Hondaracer]

Well I ain’t buying into cruise lines to improve their environmental impact lol..

[sonick]

Just sayin' they have a lot more negative impact than just the environment. They are just shitty in many ways more than airlines.

[donk.]

I love it when people rave about cruise lines being evil and negative

If your going to rip on cruises, you might as well rip on EVERY other business

Buy tshirts? You support child slavery globally
Buy avacodos? You support child slavery, gangs, climate destruction
Buy an iphone? You spport african miners handling toxic materials
Live in a condo? You support sand mining, kids diving meters underwater to retrieve it.

List is endless, literally every product we use or buy, has a toxic or evil side to it

[sonick]

I love it when people rave about cruise lines being evil and negative

If your going to rip on cruises, you might as well rip on EVERY other business

Buy tshirts? You support child slavery globally
Buy avacodos? You support child slavery, gangs, climate destruction
Buy an iphone? You spport african miners handling toxic materials
Live in a condo? You support sand mining, kids diving meters underwater to retrieve it.

List is endless, literally every product we use or buy, has a toxic or evil side to it

Very true, but given the fact that there are funds and investment types that specifically cater to social responsibility, or environmental impact, or other causes, it is clearly something that investors care about or take into consideration in making decisions.

Also given the fact that there is a philosophy of personal investing to invest in things you truly believe in, use, or care about, I figured it was worth providing that perspective in the discussion of the pros/cons of going long on CCL.

[CorneringArtist]

I sold one share of GME at 60 (up from 38) to spread into other stocks with potential. If the squeeze is dead, then at least it's a possible good long hold once the new CEO's plans become clear.

[whitev70r]

No way to get into Hyundai and Kia stocks on TSX or NYSE, is there?

[Razor Ramon HG]

No way to get into Hyundai and Kia stocks on TSX or NYSE, is there?

No, but you can invest in Canoo via GOEV.

Hyundai and Kia are building EVs based on Canoo's platform and H/K will invest billions into Canoo over the next several years.

[JSALES]

Anyone else investing into CCIV?

[winson604]

Anyone else investing into CCIV?

I thought about it when most people were around the $15's but considering I only had so much free cash in my account not tied up I took a pass on something that may or may not happen. Yea, it has doubled so far but no lost sleep for me, there's always another play even if you lose out on one. Hope it happens though!

[whitev70r]

No, but you can invest in Canoo via GOEV.

Hyundai and Kia are building EVs based on Canoo's platform and H/K will invest billions into Canoo over the next several years.

OK ... so if Apple partnership with Hyundai/Kia comes through and H/K uses Canoo platform, potential for Canoo as long term investment then. Trickle down effect.

It does boggle my mind why Apple would potentially find a dance partner with Hyundai/Kia. Has Hyundai/Kia's quality significantly improved?

[Razor Ramon HG]

OK ... so if Apple partnership with Hyundai/Kia comes through and H/K uses Canoo platform, potential for Canoo as long term investment then. Trickle down effect.

It does boggle my mind why Apple would potentially find a dance partner with Hyundai/Kia. Has Hyundai/Kia's quality significantly improved?

Yeah, trickle down. But actually, I think Hyundai has an OTC - HYMTF.

Newer Hyundai's have very good build quality. My brother has a Elantra GT and it feels nice and drives well. I read their electric platform is good from DD that I've done.

I think Apple might be going with Hyundai/Kia because H/K both have fully integrated manufacturing plants and are willing to allow Apple have greater control over the process.

[Alpine]

Anyone else investing into CCIV?

I have a small amount ($600) in CCIV @ low $20s. There are a lot of rumours and "connections" that people are making with this SPAC and the share price has bounced around quite a bit. If the rumours are true and they sign a definitive agreement (DA) with Lucid, then this stock will MOOOOOOON. If not, expect it to crater down to ~$10. It's a gamble and it could go either way.

[Alpine]

Does anyone else have a position in MSTR (MicroStrategy)? They are extremely bullish on BTC, and they bought 70,000 in BTC back in 2020 for ~16,000 each. They recently held a webinar which was attended by over 1,000 corporations about the advantages of BTC as a store of value.

Here's a summary of what was discussed during the webinar:
https://twitter.com/joinryze/status/1357017789798756353

[Mr.Money]

just like when you're a teen selling gamestop a 60 dollar game for 10 bucks, you got shit kicked in the balls a 2nd time as adult buying stocks selling low.

:troll:

[Ding]

Anyone else investing into CCIV?

I'm in it. So crazy it's up this much based on rumours.

[68style]

Anyone else investing into CCIV?

Bought in at 15... bailed at 25... wish I had held on but hindsight is always 20/20 lol

[cafe22]

hopefully Lucid is not another Nicola...

And there's still a risk where Lucid can just side with the Saudi's and cancel the SPAC deal.

[Jonydakiller]

in $CCIV and $VFF, anyone riding the green wave?
US legalizing federally isn't just all talks anymore.

$VFF owns that growup in Delta just off hwy99 when you are going southbound. That lovely smell in the air. Been buying them @ $9 and $14, going long

[see.lai]

hopefully Lucid is not another Nicola...

And there's still a risk where Lucid can just side with the Saudi's and cancel the SPAC deal.

Except Lucid actually has cars that are going into production at the end of the year.

[winson604]

Anyone else riding the ZOM wave holy shit going to the moon boys.

[Razor Ramon HG]

My friend has options for ZOM that went over 10x today.

[whitev70r]

ZOM the next GME?

[winson604]

ZOM the next GME?

Nah nothing like GME at all just a classic company that has a bright future scenario.

[whitev70r]

Cool. Like BB, after the reddit BS peak at $30/share, it is now at a incremental strong sustainable gain.

[Razor Ramon HG]

Nah nothing like GME at all just a classic company that has a bright future scenario.

My friend has been talking about ZOM for months now since he got in when they were not even 50c.

I don't usually do pennies, so I didn't go in with him.

Now I'm thinking of throwing some into it since they just did an offering at $1.9

:accepted:

[TOS'd]

My friend has options for ZOM that went over 10x today.

Where did he buy options? I don't see any available for ZOM.

[BIC_BAWS]

Now I'm thinking of throwing some into it since they just did an offering at $1.9



:accepted:

I'm sure you know this, but typically offerings have restriction like no trading till x date but it can also have warrants sooooo that's a good move if you're bullish on ZOM


Sent from my SM-G781W using Tapatalk

[unit]

is it just me or does every stock seem like a penny stock now?
i remember the good ol days where we had these things called etfs.
now even with pandemic stocks that pretty much guarantee 50%+ over the next year, its not good enough for ppl here or on reddit.

[BIC_BAWS]

50% gains not enough to catch up to the housing market. People are getting desperate and thus risky plays. I made 1133% in the last week on a penny stock. But I knew what I was getting into and worse comes to worse, I don't get to buy another M3.

But yes, almost every stock is a penny stock now. Recently, VERY was a very popular stock, before it got shorted to crap. Hit highs of $9.50 iirc. Everyone's trying to get in on that early (risky) buy in for those GAINS. I think VERY had an PP offering at $0.25. Still sad I didn't get in on that one LOL.

I feel like hype stocks gain traction during Cannabis stocks. You can also blame the increase of app-based trading platforms, where now everyone is a professional trader, and it's all about posting the biggest gains

[Razor Ramon HG]

Where did he buy options? I don't see any available for ZOM.

He's with Scotia.

is it just me or does every stock seem like a penny stock now?
i remember the good ol days where we had these things called etfs.
now even with pandemic stocks that pretty much guarantee 50%+ over the next year, its not good enough for ppl here or on reddit.

With how accessible it is now for people to invest through banking platforms/apps and how easy it is to obtain information, it's not surprising.

Why invest in an ETF when you can pick the individual "winners" instead? You expose yourself to more risk, but the newer generation is not as risk adverse.

I personally don't invest in an ETF unless it's in a sector that I'm unfamiliar with. For example, I might drop some money into the new space exploration ETF from ARK.

[unit]

Its just interesting to see how quickly things have changed. Etfs are the new mutual funds and picking individual stocks is the new paradigm. Probably largely in part due to the unprecedented bull market we are experiencing.

[68style]

You know they say you should never buy stocks a friend suggested or that you heard rumours on somewhere... you'll lose every time... but I have to say this message thread is pretty successful, I think if you bought what people have posted in here the past couple years you would have made a tonne of money...

RS should start its own hedge fund.

[JSALES]

I wish I got into ZOM around the 40 cent mark when I heard about it, I didn’t bother taking the risk because it was a penny stock and now it’s gone up

[ButterFingers]

Just curious, but are you guys buying and selling on a non-registered account rather than your TFSA and RRSP? Worried about CRA as my TFSA account approaches 6 figures. I usually do swing trades or SPACs in the TFSA

Curious what everyone's trading habit/stock type is and the type of account they are doing it in.

I might consider moving a portion of my TFSA to a non-registered account to do SPACs and swings.

Appreciate it

[whitev70r]

You know they say you should never buy stocks a friend suggested or that you heard rumours on somewhere... you'll lose every time... but I have to say this message thread is pretty successful, I think if you bought what people have posted in here the past couple years you would have made a tonne of money...

RS should start its own hedge fund.

I think why this kinda works here is precisely the fact that we are not friends.

[SumAznGuy]

You know they say you should never buy stocks a friend suggested or that you heard rumours on somewhere... you'll lose every time... but I have to say this message thread is pretty successful, I think if you bought what people have posted in here the past couple years you would have made a tonne of money...

RS should start its own hedge fund.

Just like anyone who bought into GME when it hit the news. I know of a few people who bought in once it hit the news and everyone was talking about it.

[underscore]

This thread seems to only be the gains and only after it's already taken off. I'm curious where you guys hear about some of these to begin with and how many have either gone nowhere or tanked.

[GGnoRE]

is it just me or does every stock seem like a penny stock now?
i remember the good ol days where we had these things called etfs.
now even with pandemic stocks that pretty much guarantee 50%+ over the next year, its not good enough for ppl here or on reddit.



With how accessible it is now for people to invest through banking platforms/apps and how easy it is to obtain information, it's not surprising.

Why invest in an ETF when you can pick the individual "winners" instead? You expose yourself to more risk, but the newer generation is not as risk adverse.

I personally don't invest in an ETF unless it's in a sector that I'm unfamiliar with. For example, I might drop some money into the new space exploration ETF from ARK.

... but I have to say this message thread is pretty successful, I think if you bought what people have posted in here the past couple years you would have made a tonne of money...

RS should start its own hedge fund.

Its easy to feel like you're a rockstar stock-picker in an extremely bullish markets like this but its important to keep everything in context. There's a famous saying: "Rising tide raises all boats" which is exactly what is happening with the financial markets right now. Central banks around the world have deployed what is now nicknamed as the wall-of-liquidity by pumping trillions of $ into the economy which has trickled its way into the markets. Take a look at this M3 growth below which represents the supply of money in the economy. That massive monetary stimulus combined with zero-interest-rate-policy (ZIRP) has created an environment where its virtually impossible to lose money on your investments. There's another famous saying from Buffet: "Only when the tide goes out do you discover who's been swimming naked."

https://www.omfif.org/wp-content/uploads/2020/06/chris-p-jun20-fig2.png

I wished I saved the link, but there was a research that showed a recent strong negative correlation between stock's share price and the stock's performance: The cheaper the price of each share, the stronger the performance. Best performing stocks on average were 'penny' stocks and then $1-2 /per share stocks, $2-$5/per share stocks etc... Why is that?

Investors (particularly retail investors with smaller capital) have always had a psychological bias towards stocks with a lower share price. This is why companies choose to do stock splits to make their stock appear more accessible.
It is much easier now for retail investors (particularly millennials) to access the stock market via Robinhood etc.
There is euphoric sentiment in the market where investors feel like its safe to chase extreme returns through micro-cap stocks, bitcoin, GME etc.

A lot of you guys are also looking down on ETFs but the point of ETFs is not to generate the highest possible return, its to target a good risk-adjusted return through diversification. Again, in an environment like this, its easy to forget the importance of diversification, but proper risk management is what separates the novices from the experts. If you are into picking micro-cap stocks like a lot of the names mentioned in this thread, you should consider benchmarking your performance against a passive approach like IWC (iShares US Micro-cap ETF). It has over +60% return since November 2020 and over +150% return since COVID-bottom in March 2020. How does your portfolio compare against that on a risk-adjusted basis (portfolio return / portfolio volatility)? If you are not beating a passive investment alternative on a risk-adjusted basis, you are either taking more risk than you need to get the same amount of return, or you are generating less return for the same amount of risk in your portfolio.

[bcrdukes]

Just curious, but are you guys buying and selling on a non-registered account rather than your TFSA and RRSP? Worried about CRA as my TFSA account approaches 6 figures. I usually do swing trades or SPACs in the TFSA

Curious what everyone's trading habit/stock type is and the type of account they are doing it in.

I might consider moving a portion of my TFSA to a non-registered account to do SPACs and swings.

Appreciate it

This "should" answer your question. https://www.fool.ca/2021/01/21/canada-revenue-agency-if-you-did-this-1-thing-wrong-your-tfsa-will-get-taxed/

Someone I work with got raped. Said colleague believed CRA wouldn't catch him but he is in more trouble than he's willing to tell me.

[FOREVER]

Imagine if we're all here to shill each other :suspicious:

[ButterFingers]

This "should" answer your question. https://www.fool.ca/2021/01/21/canada-revenue-agency-if-you-did-this-1-thing-wrong-your-tfsa-will-get-taxed/

Someone I work with got raped. Said colleague believed CRA wouldn't catch him but he is in more trouble than he's willing to tell me.

Any idea the volume of transactions and size of his TFSA?

Seems like people here make a large amount of transactions, are you guys using a non-registered account?

[bcrdukes]

No idea on the volumes of transactions my colleague pumped through his TFSA; My assumption was he was doing high volumes like crazy during the day (got written up for it due to lack of productivity.) He also talked a big game like his dick was over 12" long but for him to get busted by CRA and suddenly go quiet, I would assume they were frequent transactions. He landed on some money when a family member passed away so he was playing around with the money from what he told me. For all I know, he could be bullshitting, but so far the story lines up.

I can't speak for the others in the thread but I do my trading on a non-registered account. Long term stuff I do via my TFSA and only maybe once or twice a month. I'm a bit conservative at the moment as I'm doing renovations on my home so I have to keep an eye on my cash flow and liquidity to cover expenses over the next few months.

[unit]

i think if you're just swing trading every few days or weeks then it should be fine. if you're day trading and making many transactions per day then i think that is what they are specifically trying to crack down on.

[Euro7r]

Any idea the volume of transactions and size of his TFSA?

Seems like people here make a large amount of transactions, are you guys using a non-registered account?

If an individual is making a trade every day that's likely will trigger CRA from what I interpret. A few moves a month shouldn't be of issue (no matter what amount you put through as long as its within threshold limits you are allowed). "Rebalancing the savings portfolio LOL" :troll:

[whitev70r]

Oh my ... that's good to know about excessive trading in TFSA! Thanks for the warning.

[BIC_BAWS]

Rumors from friends of friends in Audits say that the algo triggers a flag when TFSA account balance exceeds 500K. I've only had one client get flagged for business income (activity) in TFSA, but he was trading in excess of $1M.

I personally don't day trade in my TFSA. I'm debating on putting part of my position of $HULK.V, up to my contribution limit in my TFSA. I know I'd take a capital gains hit on the transfer into the account, but better now than later. That said, if this goes south, which it can. GG contribution room. So maybe not. Max 25% tax hit isn't all too bad.

(If $2M gains -> Capital gains = $1M -> Tax = $250K -> 250K/$1M = 25% or 250K/$2M = 12.5%)

If you're ever curious about the tax you may incur, you can use this calculator: https://www.wealthsimple.com/en-ca/tool/tax-calculator

Take your gains / 2 = capital gains -> input that # into the capital gains box

[dark0821]

welp the Hyundai and Apple deal ia now off... do you guys think it is still worth to hold on to GOEV CANOO?

[Mr.Money]

https://www.youtube.com/watch?v=I-exrLurjdI&ab_channel=Boxabl


i cant find these guys on the stock market, but looking at the product...what do you think?


is there any massive gains to be made???, or do you think this just a niche product with very little market..


the interesting thing is it takes 2 hours to set-up.

[eclipseman]

This "should" answer your question. https://www.fool.ca/2021/01/21/canada-revenue-agency-if-you-did-this-1-thing-wrong-your-tfsa-will-get-taxed/

Someone I work with got raped. Said colleague believed CRA wouldn't catch him but he is in more trouble than he's willing to tell me.

I've been trying to read up on the issue with haste as my TFSA account has ballooned since GME. What's unfortunate is there is no clear cut line from the CRA, so I'm not sure if I'll be flagged or not. I have around 60 trades over the past 4 months, but am certainly not a sophisticated trader.

[highfive]

I've been trying to read up on the issue with haste as my TFSA account has ballooned since GME. What's unfortunate is there is no clear cut line from the CRA, so I'm not sure if I'll be flagged or not. I have around 60 trades over the past 4 months, but am certainly not a sophisticated trader.

to be considered active trader for TD waterhouse, you need 150+ per quarter.

So not sure what threshold CRA uses.

[68style]

I'm so interested how things are going to progress, I feel like the actual foundations of stock trading are very much threatened and completely compromised at this point...

Ie: when most of us were growing up, it was insider trading to even mention a tip to a friend if you worked somewhere and you're going to jail!! Do not pass go!! Martha Stewart so famously went for just that.

Fast forward to today... Elon owns BTC... and tweets about it... and it goes up more than 20% literally in hours. Yes it's not stock, but how is that not market manipulation?

Likewise with ZOM... it all started with someone (who I can only imagine owned significant amounts of stock) paying Carole Baskins from the Joe Exotic show $300 to mention it through her media channels and boom the price is up like 800%... again it's clear stock manipulation? Seems to be the very definition of it.

But how do they stop it? I don't think they can... the current system has relied completely on the idea that everyone can't talk to each other all at once... and now social media and internet has caused that system to collapse. Combine that with the risk adverse YOLO mentality of younger people in North America and free trading / low fee platforms on everyone's phones making it click click simple to trade on a whim or emotions with zero understanding of economics and it's basically become unregulated.

I really wonder what's going to happen in the long run. I won't pretend to be a Finance major, I didn't go to school for anything remotely like it... but damn watching it unfold is something for the ages.

[bcrdukes]

I've been trying to read up on the issue with haste as my TFSA account has ballooned since GME. What's unfortunate is there is no clear cut line from the CRA, so I'm not sure if I'll be flagged or not. I have around 60 trades over the past 4 months, but am certainly not a sophisticated trader.

There's a reason why there's no clear cut line from the CRA because they make up the rules of the game as they go along. You have to be careful with your trades in your TFSA moving forward. The CRA is, after all, the tax man and they will recover what they believe is theirs.

The only way you'll know if you'll be flagged or not is when they send you a very friendly letter in the mail asking you to write a cheque to the Receiver General for Canada.

In the case of my said colleague, I can only assume his trade volumes were daily for close to a year or something, and he would never shut up about how much his stocks went up, and suddenly one day goes quiet and tells me the CRA is after him for his TFSA and that he needs to lawyer up (whatever that even means.)

[winson604]

This thread seems to only be the gains and only after it's already taken off. I'm curious where you guys hear about some of these to begin with and how many have either gone nowhere or tanked.

I only started back on October but have really gotten into it since and of all the trading I've done since then I can probably break it up into a 90% success rate meaning in the green varying from 5% to 300% and with 10% of my trades being losses of 10% or less. Aside from a stock like APPL they were all stocks that initially "heard" through what I use as my main source.

With that said, I'm playing small, between being an adult, mortgage etc etc I don't have much disposable cash to play with so while my gains overall have been great it hasn't been life changing at all like to give you an idea when I opened my account in Oct I was only able to deposit like $500 cash lol. All good though, I'm more here to learn and make my cash work for me better than sitting in a savings or something and I'm not looking or expecting to make some life changing gains here although that would of course be nice. Who doesn't want to hold a bunch of shares at like nothing and then one day it becomes like TSLA or something.

[CorneringArtist]

Looks like there's a bit of traction building on PSYK. Seems like an okay ETF to jump in on at its current price as psychedelic therapy gains a foothold.

[sonick]

Looks like there's a bit of traction building on PSYK. Seems like an okay ETF to jump in on at its current price as psychedelic therapy gains a foothold.

Bought in to this a week or two ago in case it might become the next cannabis.

Portland has recently legalized psychadelics, canada likely not far behind.

[FOREVER]

Anyone understand what a partial fill with a limit buy means?


Say I wanted 10 shares, but it says only 6 filled at $10, but now the price is $11.


Do I still get those 6 shares? Or does my whole order cancel?

First time I've had this happen to me and if it matters, I am on TD DI :badpokerface:

[HonestTea]

MVIS wow

[BIC_BAWS]

Looks like there's a bit of traction building on PSYK. Seems like an okay ETF to jump in on at its current price as psychedelic therapy gains a foothold.Is this shroomstocks LOL

Sent from my SM-G781W using Tapatalk

[CorneringArtist]

Is this shroomstocks LOL

Sent from my SM-G781W using Tapatalk

It's been available as of a couple of weeks ago, brought together a bunch of promising MDMA and shroomstocks. Entry point right now is ~$11 LOL

[donk.]

MVIS wow


April will be the real wow
800% gainz atm

[Spoon]

Anyone understand what a partial fill with a limit buy means?


Say I wanted 10 shares, but it says only 6 filled at $10, but now the price is $11.


Do I still get those 6 shares? Or does my whole order cancel?

First time I've had this happen to me and if it matters, I am on TD DI :badpokerface:

Means you just got 6 shares since there weren't enough shares available at your price.

FYI if your order is for an extended period of time and not just the day, they charge you a separate fee each day.

[FOREVER]

Yeah, they showed up in my account at 9PM

TIL if it still a partial fill you won't be able to swing it during market hours Kappa

[yameen]

I only started back on October but have really gotten into it since and of all the trading I've done since then I can probably break it up into a 90% success rate meaning in the green varying from 5% to 300% and with 10% of my trades being losses of 10% or less. Aside from a stock like APPL they were all stocks that initially "heard" through what I use as my main source.

With that said, I'm playing small, between being an adult, mortgage etc etc I don't have much disposable cash to play with so while my gains overall have been great it hasn't been life changing at all like to give you an idea when I opened my account in Oct I was only able to deposit like $500 cash lol. All good though, I'm more here to learn and make my cash work for me better than sitting in a savings or something and I'm not looking or expecting to make some life changing gains here although that would of course be nice. Who doesn't want to hold a bunch of shares at like nothing and then one day it becomes like TSLA or something.

I started late spring of last year and since then I've been doing so much research understanding the market and looking at a variety of stocks and trends. I spent so much time understanding fundamentals and looking at company debt, PE ratio, RSI and whatnot, but realized that none of that mattered in today's market. At least down the road when there's a correction, I'll still have some fundamentals down.

At first I was thinking of blue-chip dividend stocks for my rrsp and tfsa, but as I gained more experience, I realized how lucky we are to be in a market like this and switched to growth stocks. I'd say I have a 25% portfolio of speculative stocks which is quite risky but I got 100% gains from them so far. So is it this crazy market or is there actual room for these companies to grow in the future? I change my trailing stop losses all the time in preparation for a crash in case it ever comes. I am quite tech and health heavy, so it's scary to think I could lose it all. I set my stop losses at 15% downtrend for non-volatile stocks and 25% downtrend for volatile stocks. I'm heavily invested in CCIV but I bought at $12 and set my stop losses at $20 which is near 40% but the reward is way too big vs risk.

Is there a bubble? Probably. But as long as covid is around and people aren't going out spending, money is going into the markets. Think of how much exposure investments have gotten from GME and AMC. I still consider myself a novice but I do my DD and one of the basic things I ask myself, how does this company benefit society and what problem does it solve? My TFSA is maxed out and I have more investments in my cash account than my TFSA all of which so far I gained 125% +. Unrealized so it's not actually mine yet. This is actually life changing money and I'm so glad I started investing. I'm in my mid 30's and I wish I started this earlier but better late than never.

The biggest mistake I learned when I started out and this is my advice to all of you new people, if it's your TFSA, find a long term stock which you can buy and hold. Expect red days and if you truly believe in the company and their vision, there will be more green days than not. I made mistakes of selling too early and when I first started, MMs definitely got me good on some...lesson learned. I made mistakes with tesla as some of you might remember, and in the end I sold it and never looked back. It was a lesson learned, but luckily I gained most of it back from NIO when I bought them in the mid 20s. Stocks that I sold when I first started such as maxr and ballard, if I had kept them I would've gained 200%+. 20/20 hindsight but I've only added to my position over the last 3 months in all my longterm stocks and havent sold a single share of my stocks....overall gained 125%. Beginners luck? Maybe. I still have lots to learn and looking at this thread, I can see a lot of new investors as well. GLTA

[winson604]

I started late spring of last year and since then I've been doing so much research understanding the market and looking at a variety of stocks and trends. I spent so much time understanding fundamentals and looking at company debt, PE ratio, RSI and whatnot, but realized that none of that mattered in today's market. At least down the road when there's a correction, I'll still have some fundamentals down.

At first I was thinking of blue-chip dividend stocks for my rrsp and tfsa, but as I gained more experience, I realized how lucky we are to be in a market like this and switched to growth stocks. I'd say I have a 25% portfolio of speculative stocks which is quite risky but I got 100% gains from them so far. So is it this crazy market or is there actual room for these companies to grow in the future? I change my trailing stop losses all the time in preparation for a crash in case it ever comes. I am quite tech and health heavy, so it's scary to think I could lose it all. I set my stop losses at 15% downtrend for non-volatile stocks and 25% downtrend for volatile stocks. I'm heavily invested in CCIV but I bought at $12 and set my stop losses at $20 which is near 40% but the reward is way too big vs risk.

Is there a bubble? Probably. But as long as covid is around and people aren't going out spending, money is going into the markets. Think of how much exposure investments have gotten from GME and AMC. I still consider myself a novice but I do my DD and one of the basic things I ask myself, how does this company benefit society and what problem does it solve? My TFSA is maxed out and I have more investments in my cash account than my TFSA all of which so far I gained 125% +. Unrealized so it's not actually mine yet. This is actually life changing money and I'm so glad I started investing. I'm in my mid 30's and I wish I started this earlier but better late than never.

The biggest mistake I learned when I started out and this is my advice to all of you new people, if it's your TFSA, find a long term stock which you can buy and hold. Expect red days and if you truly believe in the company and their vision, there will be more green days than not. I made mistakes of selling too early and when I first started, MMs definitely got me good on some...lesson learned. I made mistakes with tesla as some of you might remember, and in the end I sold it and never looked back. It was a lesson learned, but luckily I gained most of it back from NIO when I bought them in the mid 20s. Stocks that I sold when I first started such as maxr and ballard, if I had kept them I would've gained 200%+. 20/20 hindsight but I've only added to my position over the last 3 months in all my longterm stocks and havent sold a single share of my stocks....overall gained 125%. Beginners luck? Maybe. I still have lots to learn and looking at this thread, I can see a lot of new investors as well. GLTA

Definitely lots to learn and while I haven't gone as deep as you yet I'll get there one day. For sure I made some rookie mistakes such as but not limited to

- Chasing or FOMO
- Not utilizing the buying and selling tools available such as
- setting stop loss
- setting buy limits
- setting buy duration
- Being emotional
- Selling out of fear and understanding that red days actually means black Friday and you should buy more not sell
- Spreading too thin, I had little cash and so many plays I thought were good so I ended up buying lots of different stocks but the positions were so little it was just silly. I ended up selling some over time and now have really just zeroed in on a hand full and have decent positions based on the cash I have. A couple long term in APPL and NIO, and some short to medium and who knows maybe long term pending in ZOM, NNDM, and CRIS.

[68style]

Buying on red days is NOT always a good strategy... sometimes a stock is just straight up cratering and that's all there is to it haha...

[sonick]

+1 that's exactly where the term "catching a falling knife" applies.

[SiRV]

Its so funny, all these phrases that have developed over the years of trading..

“Don’t catch a falling knife”!
“Buy the dip”

These terms only work in hindsight, when a dip actually happens who the hell knows if it’s actually a dip that will recover or a knife in disguise?

[BIC_BAWS]

April will be the real wow
800% gainz atm

What was the drop to $0.15 in March 2020? Warrants execution? Pretty crazy, penny stock a year ago to $15.

[winson604]

Buying on red days is NOT always a good strategy... sometimes a stock is just straight up cratering and that's all there is to it haha...

Correct I'm just generalizing red days and making the point that when shit is in the red it isn't necessarily a bad thing and can be a good thing.

[Obsideon]

Well my AMC is in the super red haha :badpokerface:
My Tesla and Nio gains have more than covered it but still, shitty lesson learned.

[68style]

Well my AMC is in the super red haha :badpokerface:

Well, if any of the Reddit stocks have a chance to come back post-Covid it's that one

[subordinate]

Well, if any of the Reddit stocks have a chance to come back post-Covid it's that one

What about blackberry. I'm averaging down.5 year hold horizon.



I'm dabbling in this penny stock play

HPQ.V, HPQ Silicon @ 1.24/share
Technology still has to be proven but looks like silicon is the next upgrade over graphite. And further applications like semi conductors and medical. Could be huge, or could be a dud. Seems promising with their partner.


PYR.TO, Pyrogenesis Canada at 8.64/Share

It's funny, I mentioned this stock in this thread back in 2014 they were 0.50 cents, but picked CCB.V instead...that went BUST, NIMBY community. If only I bought pyro...... anyways, never too late on potential.

I'm still kicking around
CCB-V (Graphite)
LXV-V (social media play)

Looking at PYR-V & LOY.V (they have English schools for internationals, and only recently started to acquire rental suites. Looks very promising)

A recent addition into Cathie Woods ARK PRNT 3D Fund. A rare canadian play that is in one of her funds. I think that speaks volumes.
It's gone up substantially. But when you dig deeper, they have the potential to become a leader in the 3D powder industry.

They invented Plasma atomisation that GE uses, and dominates 1/3 of the market of the titanium powder market. When they start producing and secure contracts and industry (medical, space, automotive) start adopting 3D printing, they could become a major player IMO.

They got other green industry tech that could be in their favour with Funds and Gov't investments.

@ a 1.2 billion market cap, and minimal revenue, you're really betting that they will secure these contracts. But hey, Cathie Woods and her advisors picked it, says it all. I'm in at ~5/share

[4doorVIP]

Rumour of a Canadian weed co buying and American weed co:


February 11, 2021 15:53 ET | Source: Grapefruit USA Inc.
LOS ANGELES and DESERT HOT SPRINGS, Calif., Feb. 11, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, announces it has recently been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction.

Bradley J. Yourist, Grapefruit CEO, commented, “Grapefruit is not surprised to be approached concerning a potential acquisition, in light of the Company’s recent disclosure concerning its 714% year-over-year revenue increase; the public reaction to the Company’s patented, disruptive Hourglass™ THC/cannabinoid delivery cream; and recent announcements by U.S. Senate Majority Leader Chuck Schumer concerning prioritization of the federal legalization of cannabis by de-scheduling THC. Grapefruit has always been fundamentally driven by compliance, so management decided it was incumbent upon the Company to make this announcement to prevent possible selective leaks of this material and heretofore nonpublic information and/or to prevent insider trading. That being said, we wish to emphasize that the discussions reported here are preliminary in nature and may be terminated at any time. Grapefruit will update the public as necessary on these discussions as events proceed.”

To learn more about Grapefruit, please visit InvestorBrandNetwork:
https://www.investorbrandnetwork.com/clients/grapefruit-usa-inc/

To learn more about Grapefruit’s new sustained-release Hourglass™ THC + Cannabinoid Topical Delivery Cream, please watch this promotional video https://www.youtube.com/watch?v=6cU9MJMgH1w&feature=youtu.be and visit our website at:
https://grapefruitblvd.com/hourglass/

For investor information, please visit our website at:
https://grapefruitblvd.com/investor-relations/

Follow us on Facebook, Instagram, LinkedIn and T

[yameen]

I have a few cannabis stocks and it got hit hard today. Again I think cannabis wasnt like how it was a couple years ago, and I believe it will trend upwards but lucky I didnt have tilray. 50% wiped out just like that!

[DGN23]

I have a few cannabis stocks and it got hit hard today. Again I think cannabis wasnt like how it was a couple years ago, and I believe it will trend upwards but lucky I didnt have tilray. 50% wiped out just like that!

Yeah what happened with TLRY? I was looking at it yesterday and after hours it was going up. Then this morning it started way down and just kept going.

I've been looking around lately and I see some stocks shooting up after hours and then when I look the next day they start way below where they closed the day before and continue downwards.

Whats the reason for this normally?

[blkgsr]

looks like most weed stock went up the last couple days then down today

[subordinate]

Yeah what happened with TLRY? I was looking at it yesterday and after hours it was going up. Then this morning it started way down and just kept going.

I've been looking around lately and I see some stocks shooting up after hours and then when I look the next day they start way below where they closed the day before and continue downwards.

Whats the reason for this normally?

MOMO on short squeeze reddit crowd, then went stupid, now falling back to reality. I think

[Ding]

CCIV at $40 and still no DA..

[Jonydakiller]

CCIV at $40 and still no DA..

Last day to make a deal is this weekend hence the run up today

I'm holding mine, duel or die coming Tuesday bishhhhhhhhhhhhh

[yameen]

Yeah what happened with TLRY? I was looking at it yesterday and after hours it was going up. Then this morning it started way down and just kept going.

I've been looking around lately and I see some stocks shooting up after hours and then when I look the next day they start way below where they closed the day before and continue downwards.

Whats the reason for this normally?

both reddit and apparently one of the states is showing resistance to legalizing cannabis which is a big factor for the run up due to possible legalization of cannabis in the states. also, new york will have a vote in the upcoming month which will also be a huge drive of cannabis if successful. I bought most of my cannabis stocks 4-5 months ago so the sell-off yesterday didnt matter. it just basically corrected itself but it will run back up eventually.

Last day to make a deal is this weekend hence the run up today

I'm holding mine, duel or die coming Tuesday bishhhhhhhhhhhhh

heavily invested and bought at $15, so if merger falls through i have my stop losses set to $25. kind of risky to set auto stop loss in a volatile spac such as cciv but since it's up to $40 i doubt it will drop to $25 unless the merger failed.

[Ulic Qel-Droma]

Its so funny, all these phrases that have developed over the years of trading..

“Don’t catch a falling knife”!
“Buy the dip”

These terms only work in hindsight, when a dip actually happens who the hell knows if it’s actually a dip that will recover or a knife in disguise?

buying the dip only works on a very well up trending pattern, and the risk you take is potentially catching a knife.

it's all about risk reward possibilities and managing your risk.

to be honest buying the dip is the simp's way. You should always buy new highs and add on and average UP. and take profits INTO STRENGTH, don't wait till it turns around.

buy what's going UP, not down. and vice versa.

waiting for new breakout, new highs, yes you get in at a worse price, but your risk is way lower.

buying dips is the shopping mall mentality, trying to get something "on sale", discounted. It's a losers mentality. Securities are not items to be consumed. You buy them to make money, you want the best risk to reward ratio. You should be adding MORE every single new consolidation break out, or dip and break up new highs.


Definitely lots to learn and while I haven't gone as deep as you yet I'll get there one day. For sure I made some rookie mistakes such as but not limited to

- Chasing or FOMO

NO FOMO & ATP (or ABC) are the two most single important fundamental psychological hurdles to conquer.

Never fear missing out, there's opportunities everywhere, everyday. If you miss it, you miss it, the next train is just a few min away. If you get out "too early", you still made a profit, it's done. Catch the next train.

ATP/ABC (always take profits/always be closing)... never let a winner turn into a loser. always close into strength. No one ever lost taking profits.

trading is a marathon. little homeruns here and there are great, but you don't depend or count on them. They're bonuses that happen.

be consistent with the two rules above and anyone can make money. Know exactly what you're doing before you get in. There shouldn't be any figuring out shit after you're in. Everything should be thought out already. If not, one day a cog will slip somewhere, and you'll get fucked.

[yameen]

buying the dip only works on a very well up trending pattern, and the risk you take is potentially catching a knife.

it's all about risk reward possibilities and managing your risk.

to be honest buying the dip is the simp's way. You should always buy new highs and add on and average UP. and take profits INTO STRENGTH, don't wait till it turns around.

buy what's going UP, not down. and vice versa.

waiting for new breakout, new highs, yes you get in at a worse price, but your risk is way lower.

buying dips is the shopping mall mentality, trying to get something "on sale", discounted. It's a losers mentality. Securities are not items to be consumed. You buy them to make money, you want the best risk to reward ratio. You should be adding MORE every single new consolidation break out, or dip and break up new highs.


I have to disagree with you here, but not entirely. I suppose it takes some more research but the alternative can be said when you buy high, it can easily fall back down. On average, you will have less risk when you buy dips as opposed to you wanting to buy high. However, this is why one looks at RSI and 20-50day MA (moving average). If you decide to buy a stock that is trending upwards and moving positively away from lets say at 50MA, then yes I agree you can buy the stock even if it's trending upwards instead of buying a dip. But you're in dangerous territory if you buy a stock that's trending upward and hitting 60-80 RSI because you might think it will keep going up but in most cases it will pull back (this is where you buy the dip). If you bought at the right time when it was trending up, then the dip wont matter and yes you made a good timed buy, which is why i look at moving averages.

All said and done, you cant predict everything right all the time. In the end it all boils down to how much you believe in the company, what their balance sheet is (if it's negative, will they eventually go up), vision, and scalability.

So in short, yes you can buy new highs but more chances than not, there will be a pull back. Would you buy Tesla's new high at $900, while thinking it will keep going up? Or will you wait for a pull back and buy the dip at $850? For starters, I would look at RSI, MA, and volume. I'm not saying Ulic is wrong or right, but it's not as simple as just buying highs or lows, etc.

Ulic, are you telling me you buy most of your stocks at breakout highs thinking they will continue to trend up? That's really bad advice for new investors without any experience imo. Just my 2 cents

[J____]

Anyone got in on the Amy.vn train? I bought in at 0.37 just sold at 2.62. Hoping to get back in a bit lower

[68style]

Maybe you should have posted about said train in here before it pulled away from the station lol

[yameen]

just logged into my account and saw a huge chunk of gains, quickly looked at my holdings and saw that cciv shot up $12. going to have a feast and nice steak/wine tonight! not official but verbally confirmed. can still fall through so buy at your own risk. you decide if you want to buy now or wait for a dip (or even lose 80% of if it merger falls through lol).

[Razor Ramon HG]

No one with half a brain should be buying a SPAC that has run up to $50 with no confirmed LOI/DOA.

I expect it to drop after confirmation and trade flat.

[yameen]

No one with half a brain should be buying a SPAC that has run up to $50 with no confirmed LOI/DOA.

I expect it to drop after confirmation and trade flat.

I agree, I wouldn't buy it now. Expect it to pull back to maybe $40-45 and I would load up at $40 in a heartbeat tbh. It won't go lower than that unless merger falls through. I bought at $15 so I'm just enjoying the ride right now. High risk high reward.

[whitev70r]

Anyone got in on the Amy.vn train? I bought in at 0.37 just sold at 2.62. Hoping to get back in a bit lower

Maybe you should have posted about said train in here before it pulled away from the station lol

As someone earlier said, this is always going to the case, people reporting great gains AFTER a steep rise because ... well, it happened. The best that I've experienced is someone recommending something here and I caught a little bit of the tail end of the parabolic curve before it flattens out.

[Obsideon]

just logged into my account and saw a huge chunk of gains, quickly looked at my holdings and saw that cciv shot up $12. going to have a feast and nice steak/wine tonight! not official but verbally confirmed. can still fall through so buy at your own risk. you decide if you want to buy now or wait for a dip (or even lose 80% of if it merger falls through lol).

Ah I was looking at CCIV last week but chickened out.
Good job on the gains!

[eclipseman]

Ah I was looking at CCIV last week but chickened out.
Good job on the gains!

I was also going to purchase another batch of warrants of CCIV this morning but missed out. Can't be sad about a positive day at all though.

[J____]

As someone earlier said, this is always going to the case, people reporting great gains AFTER a steep rise because ... well, it happened. The best that I've experienced is someone recommending something here and I caught a little bit of the tail end of the parabolic curve before it flattens out.

Still not too late. I think it's easy $20 stock in a couple years. Check it out, American manganese. Based in good old Surrey of all places. With the Ev craze and inevitable transition from ICE, Amy is positioned to be a leader in lithium recycling that everyone will need.

[J____]

No one with half a brain should be buying a SPAC that has run up to $50 with no confirmed LOI/DOA.

I expect it to drop after confirmation and trade flat.

I personally think it'll hit 100-120 briefly. Imo it's the Tesla 2.0 everyone is waiting for. Most thought it was Nio but it wasn't because Nio is a Chinese based company, and no matter what anyone says the us market will still prefer an 'American' company over Chinese any day (even if it's Saudi backed). Also the fact Nio doesn't sell in us. Don't get me wrong though, I'm still and always will be a Nio long since early single digit prices.

[Jonydakiller]

Great gain today overall for weed stocks :)
Anyone playing $APHA / $TLRY merger? the said conversion rate is 0.836x, Aphria still has a lot of room to go, that is if Tilray holds its price for the next month or so. Earning for Tilray is tomorrow after close.

also holding $cciv $pyr

[Alpine]

GME update:

https://youtu.be/_TPYuIRVfew

So basically, if people were allowed to buy GME, the price would’ve continued to soar (potentially into the thousands) and it may have collapsed the system.

[donk.]

^ Should have let them soar.

Anyone in on cbdt? Me likey risky stonks. Maybe their covid test kits will turn into the next moderna stonk

[CorneringArtist]

If anyone bought SCR, it's undergoing a reverse split and they're returning a rounded up amount of shares at 10:1. I can't trade it on WS right now, but current value is at $50. It was $200 premarket LMAO

[subordinate]

Still not too late. I think it's easy $20 stock in a couple years. Check it out, American manganese. Based in good old Surrey of all places. With the Ev craze and inevitable transition from ICE, Amy is positioned to be a leader in lithium recycling that everyone will need.

what makes you think they'd be a leader? Curious. I've seen the recent news releases etc.

But there's a bunch of metal recyclers and soon to be Public via SPAC.

yeah, kicking myself when I saw AMY.V at 50 cents...knew it was cheap.

[tegra7]

Anybody in HCMC?

[Ulic Qel-Droma]

Ulic, are you telling me you buy most of your stocks at breakout highs thinking they will continue to trend up? That's really bad advice for new investors without any experience imo. Just my 2 cents

to be honest buying the dip is the simp's way.


In my defense I did say it was for simps. new investors are simps.



That being said you don't just blindly buy any breakout. That would be stupid. It has to look nice. The consolidation/wedge/flag/whatever you wanna call it, has to fit with the picture. the second leg up is always your best bet.

jesse livermore called it the "pivotal point".

And the most money is made toward the end of the move. when something goes parabolic, that's when you keep adding on.

you exit into strength, when the bars are bigger than ever, and the volume spikes up 10-100x. That's when the stocks are changing hands from buyers to sellers. that's when you make your exit and never look back.

My advice is never for new investors. New investors have to learn by losing and blowing up their accounts, and spend years honing their psychology and learning from their own personal psychological weaknesses.

My advice is for people who have been trading for years, or decades, but still haven't made it big. I'm not an "investor". I'm a trader.

In my opinion, everyone that touches securities, whether its long term investing, collecting dividends, or actively trading, should always have a small pool of money on they're trying to build up to enormous amounts, AND have another pool of money doing safer long term bets.

the most important is to be always actively working on your own psychological weaknesses. that's more important than anything else. To never make the same mistake twice. Everything else (strategies, fundamentals, studying the market) is just icing on the cake.