Anyone here trading?
7 days straight in the red.
It's a bloodbath.
Too many beginner "daytraders" messing up the natural flow of the markets.
Actually, it's good...... lotsa new moneyzzzz to take from these jump on the hype spike just to hold the bag at the end.

They see a Potato future coming -

Military the only way

Congress fucked
Supreme Court fucked
Executive Office fucked

False Phony & Fake

Potato isn't POTUS

Major fuckery afoot

.

I have been following this for several months (I am not a trader)

Here is what was happening ...

An amateur group on Reddit decided to have some fun and screw up the professional short-sellers.


A short seller is someone who speculates that certain (faltering) companies will experience a significant reduction in stock prices by next year (for example)

So he will buy (on paper) the stocks at todays (higher prices)
Lets say $100,000 worth
He only has to come up with $10,000 of his own money (margins)
Next day he sells the stock
Now he has $90,000 in his pocket
But still owes the $90k ... but does not have to pay till next year
But when he does pay ... it is not the original $90k ... he pays what it the market price is at that time

Which he hopes is only about $30k because it is a faltering company
Then he has net $70k which is his to keep.

The Reddit group "conspired" to screw those "professional short-sellers" up by suddenly bidding the price back up (artificially) .... and because it is now a rising stock (artificially) every fool trader also starts buying this upward moving stock.

When it reaches high prices the Reddit guys sell to the fools and make a handsome profit .... and the sophisticated investor who paid $100k has to dig in his own pocket to cover a $50k loss

Nothing really illegal about what the Reddit group was doing ... no different than if all us guys here decided to buy stocks in a certain company.

This was all recently exposed and is causing some of the chaos in the markets ... plus uncertainty over Biden's anti-business policies it adding to it.

It is a wild world out there ... look at Elon Musk ... hemorrhaged huge amounts of his own money at Tesla and they were in financial trouble and stocks were plummeting

Today his his Tesla stocks are extremely high (and way over-priced)
He is bigger than the big three automakers
One of the richest people in the world
So what has changed ??? ... he did manage to achieve his modest production goals.

The rest is simply because the tree huggers "think" electric cars will save the planet so they buy stock like crazy.

The professional short-sellers have been absolutely screwed on Tesla shares.
Even though their original financial analysis was correct (company was in trouble)

Trading is like going to the casino.
The house always wins.
Insider information is what these pricks use to seem as if they knew what they were doing.
But they really don't!
Lots of hedge fund managers are liberal and try to short squeeze out the conservative businesses.
That's the worst kept secret.
So what they do is start selling them and practically short sell businesses out of existence.
That stupid platform Robinhood stopped selling Game Stop shares as they approached practically bankrupting the hedge fund guys.
So in a way they protected the industry bullies!
Also they sold the open positions to the brokerages so they knew where the stops were.
These are techniques that should be absolutely abolished.
But as long as phones work these fuckers will let each other know when to dump a stock before the great unwashed has a chance to cash in.
This is really rigged against the little guy.
Options trading is completely legit. Even small investors can sell short by selling puts.
I personally do not like it because to me that's nothing but a fucking future telling skillset.
If you use it as insurance for your existing stock position it's a great way to reduce risk though.
Anyways. I was just wondering if there was another technical trader amongst us.
Market sucked today. I only made 50 bux! Fuck.