If we take the leaf of GME. Increase margin to 100%, ban you from buying SLV (Robinhood already does this for more than 1 stock). What else?
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- Thread starter jultorsk
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If we take the leaf of GME. Increase margin to 100%, ban you from buying SLV (Robinhood already does this for more than 1 stock). What else?
They are already limited on some silver stonks because the silver buying started last week and its underway.
Robinhood now has a slurry of lawsuits coming at them from all directions and they will be out of business soon.
Everyone is closing their accounts and pulling out from there. They dont have much time left.
Other platforms dont have limits or at least not yet.
Robinhood now has a slurry of lawsuits coming at them from all directions and they will be out of business soon.
Everyone is closing their accounts and pulling out from there. They dont have much time left.
Other platforms dont have limits or at least not yet.
Millennial Engineer
Well-Known Member
Took a brief glance over Reddit.
Was a thread saying that Hedgefunds were selling their long positions to cover their shorts and that could trigger a sell off in the share markets.
Was a thread saying that Hedgefunds were selling their long positions to cover their shorts and that could trigger a sell off in the share markets.
Very very interesting.
Let me see if I get this right...
Snakes, vampire squid = pigs
Hedge funds and JP Morgan to the slaughter.
Apes, diamond hands = chicken tendies.
Regular people holding out to the end get the big profits.
How'd I go?
Snakes, vampire squid = pigs
Hedge funds and JP Morgan to the slaughter.
Apes, diamond hands = chicken tendies.
Regular people holding out to the end get the big profits.
How'd I go?
SLV=iShares=BlackRock=the top of the pyramid
GME was a one off spectacular against an unexpecting small cap hedge fund.
This silver episode is just a psy op
Dunno, theres now a separate reddit r/wall street silver set up to not take the limelight off GME so the fact thats done dilutes the above theory for me.
Anyway Im rolling the dice just based on fact physical supplies visibly reduced at retailers the past week and price increase so Im throwing a few $K at PSLV like a retard and will see how it goes
Protection are allready in place, they can pay out USD instead of physical allready in the contracts
People get so greedy. Use to be chicken nuggies was enough.
Its going to be interesting to see the collateral damage of this...not just to "diamond hands" that wont sell but also to robinhood and Etoro
For those that dont know Etoro is getting slammed for imposing uneditable and unremovable 20% stop losses on $GME bought on opening bell Monday for several hours.
As it happened prices did fall more than 20% triggering autosells of peoples GME holdings.
Obviously those that wanted to hold kicked up a fuss and Etoro 48hrs after the fact emailed people with
"We would like to offer our deepest apologies for the Stop Loss error that occurred on February 1st. You will receive a refund.
On Monday, February 1st 2021, the maximum Stop Loss on some stocks was set to 20% in error. This issue only affected users who opened positions on specific stocks, on February 1st before 17:19 GMT, when the issue was identified and resolved.
Since one or more of your positions were closed due to this error, we will refund $xxxxxx, which reflects 20% of the total invested amount."
The "some stocks" and "specific stocks" they refer to only appear to have been gme and amc
In a followup they are asking people if they are happy with their "compensation"
The stop loss saved people from a larger loss BUT did the forced sell off trigger further price falls to $GME causing the drop of $100 on Monday and close to a couple of hundred down the next day? To call it an "error" is quite dismissive of what was clearly a deliberate action imposed upon people.
I still think we should get to choose our own fates but this may be another big suit waiting to happen
For those that dont know Etoro is getting slammed for imposing uneditable and unremovable 20% stop losses on $GME bought on opening bell Monday for several hours.
As it happened prices did fall more than 20% triggering autosells of peoples GME holdings.
Obviously those that wanted to hold kicked up a fuss and Etoro 48hrs after the fact emailed people with
"We would like to offer our deepest apologies for the Stop Loss error that occurred on February 1st. You will receive a refund.
On Monday, February 1st 2021, the maximum Stop Loss on some stocks was set to 20% in error. This issue only affected users who opened positions on specific stocks, on February 1st before 17:19 GMT, when the issue was identified and resolved.
Since one or more of your positions were closed due to this error, we will refund $xxxxxx, which reflects 20% of the total invested amount."
The "some stocks" and "specific stocks" they refer to only appear to have been gme and amc
In a followup they are asking people if they are happy with their "compensation"
The stop loss saved people from a larger loss BUT did the forced sell off trigger further price falls to $GME causing the drop of $100 on Monday and close to a couple of hundred down the next day? To call it an "error" is quite dismissive of what was clearly a deliberate action imposed upon people.
I still think we should get to choose our own fates but this may be another big suit waiting to happen
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