GameSTONKS Thread - Power to the meme's

**BerenTebogo** · 2021-02-01 18:21

Originally Posted by Salodin

Man 2% is too little for these stocks. I'm looking at stocks moving plus or minus 5% a day, the trick is knowing direction today is.

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Was an example. Was also an example of what you would do if you were day trading and taking like 10+ positions a day.

**BerenTebogo** · 2021-02-01 18:26

Originally Posted by Salodin

Man 2% is too little for these stocks. I'm looking at stocks moving plus or minus 5% a day, the trick is knowing direction today is.

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https://twitter.com/SMtrades_/status...445027328?s=20

Here's an example of BTC on the 1D chart. Can see that over the past few days it has been in a tight range. You would take the 5:1 RR long at the bottom of the range expecting it to go back towards the top, but if it dumps out of the range you are stopped out quick. Alternatively, you take a 5:1 RR short at the top of the range expecting it to go to the bottom. Stop out if it booms up out of the range.

This is how billions of dollars are made and lost every day.

**Jefe** · 2021-02-01 18:30

Yeah, as an example right now ADA went up 20%, Reef %10, and I see all %5's across. Not bad if you day trade. I'm really happy with ADA tbh, I was going to pull out of Ocean but it went up 5%. Anyway, it's a good hobby if you apply yourself.

Panda, is FTM any good? I see it shilled relentlessly but I see potential for a pump.

**Boyiee** · 2021-02-01 18:58

Originally Posted by Ksandra

NGL I can't imagine being the type of person who loses 5 mil profit in a day and still stays in for the internet cred. (@DFV)

I would have said, "paper hands mother fucker," and take my multi mils to the bank.

Originally Posted by Ksandra

I didn't understand anything you just said. I just know if DFV sold this morning he would have $39 mil. Now he's at $35 mil, and still not selling, and that is an amazing thing to think of.

It's not for the internet cred. He's taken profits and him and his Family are going to live off them forever. He still has a ton of money in because he did a ton of research and he believes there is more to this run than we've seen already.

**Zealot** · 2021-02-01 19:44

Why is GME so volatile today? Practically no one was trading. The total volume for the day was 34M. By comparison, Blackberry was 77M and AMC was 413M. Even Naked was 214M. All of them had relatively stable prices throughout the day give or take a single dip. GME on the other hand went off a cliff with a fraction of the trades.

**Krandor** · 2021-02-01 19:48

If we are to believe reddit, it was from hedge funds engaging in a short ladder attack.

**Roranora** · 2021-02-01 19:53

also

the game is afoot

**Guitarman** · 2021-02-01 21:01

https://www.foxbusiness.com/markets/...g-1k-per-share

**BerenTebogo** · 2021-02-01 21:27

https://twitter.com/overheardcoffee/...170770434?s=21

OOF

When the bank itself dumps on you lmfao

**Krandor** · 2021-02-01 21:39

Originally Posted by Guitarman

https://www.foxbusiness.com/markets/...g-1k-per-share

This is basically the reddit shit posts about diamond hands with better english. Dude bought a shit of the stock and wants it to go up

**BerenTebogo** · 2021-02-01 22:17

Anyway, here's the update.

the situation (1/31 8 PM ET):
short interest:
27.13m (53.15% of float) by S3 Shortsight (1/29), 29.4m (58.21% of float) by Ortex (1/29)

short share public availability:
0 (Interactive Brokers)

short share public borrow rate:
18.88 (Interactive Brokers)

Shorts appear to be exiting their positions. There's a lot of speculation about how this is happening, or whether it is truly happening at all - there are tactics that can be used to "counterfeit" stock or manipulate disclosed short short interest - but the short interest numbers we've been following all along are definitely trending down.

https://isthesqueezesquoze.com/ update

**Tomiko** · 2021-02-01 22:47

Robinhood sent an email trying to explain their actions:

A note from Robinhood

We wanted to reach out to you after a transformative week in the markets to answer a question we know many of you are asking: “Why did Robinhood limit certain stocks?”

We understand that the temporary limits we placed on certain stocks this past week were frustrating for many, especially since we built Robinhood to expand access to investing. We have always sought to put our customers first and we want you to be able to invest on your own terms.

To help explain what happened and why we had to take action, we wrote a letter to our customers and captured the key understandings for you below:

For Robinhood to operate, we must meet clearinghouse deposit requirements to support customer trades.
Deposit requirements are determined in part by how much stock a firm’s customers hold. If a firm’s customers’ holdings are volatile, a broker (in this instance Robinhood) is obligated to meet higher deposit requirements.
Last week, in part due to volatility in some popular stocks, Robinhood’s deposit requirements rose tenfold. The combination of the deposit increase and the extraordinary increase in volume on these particular symbols led us to put temporary buying restrictions in place on a small number of those stocks.
We had to take steps to limit buying in those volatile stocks to ensure we could comfortably meet our deposit obligations. We didn’t want to stop people from buying stocks and we certainly weren’t trying to help hedge funds.

We hope you take away this: at Robinhood, we stand with everyday investors participating in the markets. Standing by our Robinhood community means being there for our customers through any trading environment. We’ll continue to improve as we break down barriers in the financial system to open it for all.

Thank you for being a part of the Robinhood community.
Sincerely,
The Robinhood Team

**Outlaw** · 2021-02-01 23:27

I have been casually following all this and skimming over this thread. If this whole situation has taught you guys anything it should be this:

Sell pork bellies, buy gold!

Seriously though, I know very little about investing but I wish I had had enough money to buy like 20 shares of AMC or something.

**Zealot** · 2021-02-01 23:40

I'll sell you some of mine for $20 a pop.

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**Ayn** · 2021-02-01 23:44

$20 a pop? I'm a little short at that price.

I'll need about $3.50 to make up the difference.

**Zealot** · 2021-02-02 00:42

Well.I think there's room to negotiate on that waaaaaaaiiiit a minute, dammit monstuh!

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**BerenTebogo** · 2021-02-02 01:36

HBAR, HXRO, and SUSHI all having good days. SUSHI is murdering it though god damn.

If ETH can break and hold 1400 I think we all make money this week my friends. Pray to the shitcoin gods that asia doesn't dump all over us. We are so close.

Edit: As of about 8 hours ago when ETH started looking strong I am in big (8% of portfolio or more) trading longs on LINK, ETH, HBAR, AAVE, LTC, and YFI.

**Zealot** · 2021-02-02 07:10

Absolute bloodbath in pre-trading today.

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**Salodin** · 2021-02-02 07:19

Tuesday bloody tuesdayyyy

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**Salodin** · 2021-02-02 07:20

I have a handful of friends on robinhood who want to buy but can't. Worried this kills it's momentum tho.

I really want robinhoods metaphorical head on a like tho.

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Thread: GameSTONKS Thread - Power to the meme's

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