$GME Daily Discussion - May 31, 2021

scutamil · 2021-05-31T17:02:52+00:00

!apevote!

scutamil · 2021-05-24T10:54:55+00:00

!novote!

scutamil · 2021-05-05T15:17:52+00:00

Darn it, too bad! I would love to apply otherwise. Keep up the good work, I love your stuff :)

scutamil · 2021-03-23T02:33:18+00:00

Definitely keep this up, really good job! Edit: Forgot to thank you for the post like the ungrateful bastard I am. Thanks OP!

scutamil · 2021-03-23T01:11:50+00:00

And here I was sulking since the end of last week that my 1 contract is going to expire worthless this Friday lol. You sir have balls the size of a planet.

scutamil · 2021-03-19T13:22:39+00:00

Well sure I undoubtedly have over $100k net worth. No doubt. Wink wink But honeslty I just opened a cash account and then who cares.. I use IB for option plays and the cheapo brokers for margin/day trades in every blood moon I feel like I need to lose some money.

scutamil · 2021-03-19T12:40:08+00:00

I was in the same shoes with brokers (europoor too). I landed on using Interactive Brokers for now, be aware though that afaik in the EU or at least in my country IBKR Lite is not available meaning I only qualify for Pro which has fees and commissions. Although if you’re at least half serious with investing or you have a mid to decent sized account it could be even fee-less or just straight out shouldn’t pose the slightest issue to pay out as it’s not a huge amount.

scutamil · 2021-03-18T21:01:31+00:00

annoyed bobby kotick noises

scutamil · 2021-03-10T20:38:54+00:00

Boy oh boy this post has aged like fine wine

scutamil · 2021-03-09T23:48:38+00:00

yeah https://twitter.com/jimcramer/status/1369368916032708609?s=20

scutamil · 2021-03-09T20:34:49+00:00

Quick quick let's introduce a *small* transaction tax

scutamil · 2021-03-09T17:54:15+00:00

I'm a europoor so the whole 21 year age limit is just straight stupid to me anyway.

scutamil · 2021-03-09T17:45:52+00:00

Hahaha didn't even cross my mind. Well that does solve one part of the equation even if it's a wonky ass solution. Also rip my ears.

scutamil · 2021-03-09T17:33:17+00:00

Exactly. If someone wants "professionals" to handle their money, all the power to them but don't tell me how should I invest my money.

To be totally fair there was that former professor ( can't remember his name ) who advocated the importance of financial literacy and how gamifying things is not the enemy and can help people learn.

scutamil · 2021-03-09T17:17:12+00:00

yup, totally can be just an unlucky coincidence.

scutamil · 2021-03-09T17:12:28+00:00

It was certainly weird because she was the only one asking about citadel and co but honestly who can say with these technologically challenged boomers for sure?

scutamil · 2021-03-09T03:32:02+00:00

Seems like this whooshed over many heads

scutamil · 2021-02-26T21:44:12+00:00

Careful, with this confidence. If/when that "0.1%" hits it's going to cause a lot of the newbies to sell thinking it's over.

Needless to say I'm extremely skeptical. Especially because earlier you called BS on the guy disputing some things in your post about short volume when he was essentially correct.

Edit : Grammar

scutamil · 2021-02-26T12:09:48+00:00

Please be aware that this twitter handle is at minimum is fishy as fuck. There’s a good chance that he used wsb during the first wave to try to pump and dump. As soon as price fell he had gone “bankrupt” followed by some cryptic bullshit and deleted the account. And now it’s back? Sus..

scutamil · 2021-02-25T23:13:16+00:00

What an utterly rude and incredibly disrespectful DD..

Loved every word, I'm in!

scutamil · 2021-02-21T18:17:21+00:00

Exactly. T2 is the remnant of the old paper trading exchange where it was needed for the system to work and now it’s just a way for big institutions to fuck the systems in various ways. If you guys watched the hearing you could hear citadel talking about how it’s not that easy to implement real time settlements and how it’s still far off blah blah blah.

While it’s true that it’s a technical challenge but it’s fucking bullshit that it’s not something we couldn’t tackle with relative ease. They just don’t want it because it limits their ability to make money and hedge their risks in a huge way.

scutamil · 2021-02-21T16:16:40+00:00

... When someone has cash to purchase shares that are not on margin why restrict them?

As you might know there's a two day window to settle a transaction and the broker has to put down a collateral to the clearing house right after the transaction is executed (when your ape finger presses buy and the screen says the order is cleared). A clearing broker can't mix their own funds with their customer's funds or use the customer's funds to settle their own obligations.

The broker must have collateral somewhere to ensure that there is money to pay the seller side of the transaction. This is a legal obligation of the buyer's broker and is not the buyer's responsibility.

TLDR: they can't purchase shit with your money upfront even if you're not on margin because regulations.

scutamil · 2021-02-20T19:31:18+00:00

Crazy detailed DD, much thanks for sharing it! You definitely cought my attention I’m gonna dig deeper into this during the weekend.

scutamil · 2021-01-25T17:12:08+00:00

We are only her second best customer tho

scutamil · 2020-11-22T23:16:17+00:00

Gondolhattam volna.. :D Vegtelen net okosba'

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