Soldato
He's still in when he's still got $33m and a massive profit isn't really comparable to the rest of us, though!
Well the fact he’s not selling and cashing out that 33m speaks volumes.
He's still in when he's still got $33m and a massive profit isn't really comparable to the rest of us, though!
You do realise Hedge funds dont have x100 leverage though right?
https://www.etoro.com/customer-service/help/57347145/what-is-leverage/
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- x30 for major currency pairs (such as EUR/USD)
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Robinhood Markets, the trading app that’s popular with investors behind some of this month’s wildest stock swings, has drawn down some of its credit lines with banks, according to people with knowledge of the matter, Bloomberg News reports.
The firm has tapped at least several hundred million dollars, one of the people said. Lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc. A representative for Robinhood declined to comment.
Awesome, so I could pay 27k to lose money on the stock market all day long.
Well the fact he’s not selling and cashing out that 33m speaks volumes.
I don't think it matters because there's probably not enough retail players using x100 leverage, not to mention it's limited isn't it ? It certainly seems Europeans are at least limited in their risk
https://www.bloomberg.com/news/arti...n-credit-lines-from-banks-amid-trading-frenzy
I wonder what this means
I don't think it matters because there's probably not enough retail players using x100 leverage, not to mention it's limited isn't it ? It certainly seems Europeans are at least limited in their risk
https://www.bloomberg.com/news/arti...n-credit-lines-from-banks-amid-trading-frenzy
I wonder what this means
but i can also see the other side if GME stock were to get to 10,000 or something. The ripple effects would be massive
But that's cost of a free market, if it's okay for shorters to manipulate it to near zero so they can make money then it should be perfectly fine for average Joe's to buy a stock because they like the perceived value of ******* over said shorters and make it go to infinity
If Joe isn't allowed to play the same game by the same rules then something obviously needs to change, there's never any protection for Joe when markets crash and they all lose money, Big money who cause it just get bailed out with Joe's tax money and never pay it back, I think this is why so many are rallying to the $GME, they're fed up of the status quo this is their chance to stick it to "the man" but I think banning them all from buying is going to create something greater than just some hedgefunds losing at their own game now, the fire has been lit and eyes have been opened
Not the point though is it. He started with 50k so yes 13m in cash is life changing but you're not going to just **** away the rest on purpose. He must believe the real squeeze is still yet to come.Given that $14m of it is in cash, not GME, I'm pretty much he could lose it all and not have a thing to worry about. This is whole different level of game than the rest of us with a few thousand (at best) to play with.
I doubt it, RH have lost their business today.Do we think T212 or anyone else will force sell GME like Robinhood have been doing?
There will be new regulations around this, you can tell.
That would equal trillions of debt, that's a whole load of destruction in its wake.
Like the $4Trillion of debt that is already propping up the already overpriced (considering there's a pandemic) market ? At this point I doubt it would make a difference, when the crash comes eventually and it's going to come you can be sure of that it's a matter of when not if, it's going to hurt a lot more than covid is hurting us
You did the exact right thing mate.Caved 2min to closing time and bought 10 shares - GME. I can 1000% lose the money and not even think about it. I'm liking the after hours price so far though ...
For the first time since RDR2 release I'm going to set my alarm to get up for market open and decide what I want to do. If this last YOLO reach 100% shortly after open I might paper hand it. If it goes to $1000 a share, I might hang myself if I sell out too early.
Either way, this thing will come to an end and millions are going to lose their arses on it
Wow you sleep late. The market opens at 2:30pm U.K. timeCaved 2min to closing time and bought 10 shares - GME. I can 1000% lose the money and not even think about it. I'm liking the after hours price so far though ...
For the first time since RDR2 release I'm going to set my alarm to get up for market open and decide what I want to do. If this last YOLO reach 100% shortly after open I might paper hand it. If it goes to $1000 a share, I might hang myself if I sell out too early.
Either way, this thing will come to an end and millions are going to lose their arses on it