I pulled all my money from Schwab and am looking at a new brokerage. Who didn't lock down people from trading?
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I pulled all my money from Schwab and am looking at a new brokerage. Who didn't lock down people from trading?
I want to say TD but I'm not 100% sure. Etrade actually blocked buying the stock later on in the day.
TD just played games all day with "server issues ". Lots of shares that would have been bought weren't able to bought due to all the down time.Quote:
Originally Posted by boneil
So it was a massive coordinated attack by the brokerages against the small retail investors. Great.
Pretty muchQuote:
Originally Posted by apenland01
they were all affected, etrade, td, webull, robinhood, fidelity, etc etc, when they can get by with blatantly rigging an election screwing with the market seems like small potatoes and there getting more brazen with it, not trying to hide a thing, pure retaliation, we are just riding the whales tale getting crumbs from the table
i had been having a spectacular january, i mean not only was i about to pay the house off i was looking at buying about 82 additional acres, i got greedy and wanted more and i went from all that to negative, and there wasn't a thing i could do but watch tuesday morning
fyi fellas, word on the street is the next one there gonna run up is blsp
also
ya'll seen where they paid that new lady over the market over $800,000 to "give a speech" right
these people are dirty dirty dirty, but nothing is done, there is no justice, no checks and balances to right the ship, that book of revelation is in the bible for a reason fellas
Its like they stuck their platform in slow mode. I tried to close a trade and ended up losing almost $600 bucks then I swapped for another and it cost me a few pennies on the buy which was another 5-600 bucks. By the time the lag settled and I could actually get the chart up, stock bottom dropped because robinhood announced no buying on it while I was down. Shitty dealQuote:
Originally Posted by skeeterator
Indeed shitty all the way around. I still have a couple of small positions with Schwab I won't sell at the moment, but I'm reassessing my choices. I'm going to have the cash sitting in my bank to see what type of "regulation" the government puts in place after this. I'm not a day trader, but more of a dabbler swing trader. It hurts when every time there is volatility, the website slows to a crawl, goes down, or even worse, limits purchasing/selling of any stock....Quote:
Originally Posted by haftafish22
I agree. Holding SNDL long now lol bag holder I be hahaha, but high hopes it can move and they open up buying again on it. Either way, massive squeeze getting geared up with all the traders Robin Hood is losing. If they pull out Monday, maybe a week delay but all that cash will hit the markets again.Quote:
Originally Posted by apenland01
I think there is a lot of pissed off traders that have pulled cash from brokerages, which further hurts their capital requirements. I hope every trader pulls their cash in the next few days and now squeezes the brokerages, in addition to the shorts......
There’s good and bad there. Although I’d love to stick it to the “suits”, what’s the long term effect of all of this. If it squeezes the same brokerages that we use, what dies that mean for us.
Probably higher interest on margin, more restrictive options approval and maybe higher margin requirements. They went to no commission but they still have to make money. They did it by giving more people margin to charge interest on and they cut the interest they pay on cash in accounts to make money off the float, and then got paid for order flows. Just like a retiree in a low interest environment they had to move out the risk curve to make money. I just hope this whole thing doesn't blow up bigger where it starts affecting the broader financial market.Quote:
Originally Posted by haftafish22
None of these affect the long trader, just the short or daytrader. The restrictions placed on traders looking at long trades are punished to allow the shorts to cover, since there aren't enough shares to cover all the shorts...Quote:
Originally Posted by NitroZ7
But long investors can't buy shares right now even if they are not on margin at certain brokerages. The UK equivalent of Robinhood won't even allow their customers to buy any stocks in US companies. That is not a good sign for a stable market. I fear we may have bigger problems than the gamestop fiasco.Quote:
Originally Posted by apenland01
I was wondering about this this weekend. Seems like it might be a good swing trade. The big companies are mostly public and as many leave RH b/c of what they pulled and realize that zero commission trades mean they can put their money anywhere. That means the big companies are going to see a nice jump in customers/investors and that will probably mean a decent bump at their next quarterly statement. Yes? No?
^^^^^ yes
Yep good thought. I hadn't thought about that.Quote:
Originally Posted by rds_nc
I just gotta recover my account for robinhood i think I have a pile of RIOT still in there seems it went from a dollar to like 20 something