Investing General Discussion
- Thread starter Furious
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Wingz
Being Poor Sucks.
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If you think about it. We are in a new era.
Go back 20 years and the average person couldn't trade stocks. Not really. They would have to go to a broker and setup shit for them or call them daily or whatever. Maybe make a few trades a day/week/month.
Now any poor man with a cellphone can download Robinhood, link it to their bank account and spend their 100 dollars however they wish from their bedroom instantly. They can trade as fast as an app will allow them too. 100 trades a day is super low now for someone of even moderate means.
It's a new unfounded power given to the everyman. Though still beholden to the brokers like Robinhood, Webull etc. These are literally free to use.
If you can find an exploit and point a zerg rush. It's a whole new ballgame that wasn't even possible in the past.
If the everyday plebs can get "rich" off the market doing what the big guys do and even using their own tactics against them. Why work anymore? You need a working class to actually do the work and if just about everyone has a phone and an app and an bank account, they can start doing this too. Will they all be successful? No but enough of them might.
How many millionaires have been made between Tesla and GME alone? Probably several hundred I imagine if not more. Why work for min wage if this kind of thing works and it's a proven strategy? Gotta import more workers asap.
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Tarrant
<Prior Amod>
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Tarrant
<Prior Amod>
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Gravel
Mr. Poopybutthole
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Well, fuck it, guess I'm not meme investing. It won't save this profile, and won't let me trade without doing so.
Awesome platform you faggots.
Wingz
Being Poor Sucks.
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Say you are the most risky person possible. Thats what I had to do anyway. Saying I was responsible got me shit.
Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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The average person could do this 20 years ago, but thats probably as far back as you could go. online trading emerged in late 1990s and you could day trade online, but you ate a brokerage fee on each trade that was anywhere from $7-$30 back then. Scottstrade, Etrade, Ameritrade -- they were all around back then doing same shit. My brother was working a blue collar job and trading in his spare time on his old ass e-machine 200 mhz PC tower. I was reading Motley Fool and paper trading companies that dont even exist anymore in early 2000s like JDS Uniphase
the difference was that the means of communication werent this prevalent back then: you didnt have reddit, twitter, etc. to coordinate all this and most importantly you didnt have memes. this never happens without memes
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Gravel
Mr. Poopybutthole
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The problem is it just sits there spinning until about the 20th click because they're slammed. By the time I get through the end of 20 questions, it apparently forgets everything I input.
So I literally cannot trade, and my money is locked up in their platform.
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Wingz
Being Poor Sucks.
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Guy makes some great points.
"They closed out of their position" - How much of their position? 1% 10% 100% of their position? Are other hedge funds shorting it now that they put out a press release that it's "over" and those crazy redditers can now calm down and sell?
We are no longer shorting..you can sell cheap now!
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Sanrith Descartes
You have insufficient privileges to reply here.
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FYI the 454 million shares traded on AMC at 10:20 is whats breaking things. Infrastructure just isnt equipped for this shit for retail investors.
This is why I closed out. I dont like the platforms being fucked up.
This is why I closed out. I dont like the platforms being fucked up.
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TJT
Mr. Poopybutthole
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Trades on Etrade were $6 a pop until Robinhood or something entered the market with $0 trade fees. This was like 2 years ago.
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