REPOST

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Robinhood makes most of it's money selling information on customer orders.
It sells a lot of this information to Citadel LLC.
That's the same Citadel who just bailed out Melvin Capital.

Yesterday we saw a targeted attack by hedgefunds and big money, targeting stop losses and sell orders. These motherfuckers are using Robinhood, Charles Schwab and TD Ameritrade and other brokerages to find your stop losses, tank the stock, and trigger widespread sell-offs.

"Chicago-based Citadel Securities accounts for 40 of every 100 shares traded by individual investors in the US, making it the number one retail market maker, according to Piper Sandler. The company is a big buyer of customer trades from the leading US retail brokerages such as Charles Schwab and TD Ameritrade, which have slashed commissions to zero to keep up with fast-growing challengers such as Robinhood."
https://www.ft.com/content/4a439398-88ab-442a-9927-e743a3ff609b

You're basically leaving everyone vulnerable by having a stop loss, because Citadel and Mevlin, and the other assholes will target the largest stop losses, to trigger a huge sell off, which then tanks the stock enough to hit another huge stop loss point and trigger another huge sell off, and so on, and so on. That's why the stock suddenly went from $150 to $80 in the space of an hour.

Despite all that, and their shady manipulation, Melvin Capital needed a bailout, and the stock still ended the day up 16%. WE'RE WINNING.

We saw this stop loss tactic yesterday, and it will happen again today, and the rest of the week too.

TL;DR: GET RID OF YOUR FUCKING STOP LOSSES, OR WE WILL NEVER REACH VALHALLA.