DO NOT under any circumstances attempt to use a free VPN to transact financial business. Ffs. This guy shilling Betternet is killing me. Even with a paid VPN, I can tell you from personal experience that it’s extremely risky. You would be violating the law regardless of how well your VPN works, and you def don’t want to lose your holdings over it. Search in this sub and the other GME subs for the info you need - it’s there. I believe the person who told you to transfer to IBKR is correct.
>Til a tech came to service my equipment and I asked him about it, and he said they know if you're using it, they can find out what you're doing if they tried.
Actual I.T. here. No they can't.
The VPN creates an encrypted connection to a VPN provider. Your ISP just sees you talking A LOT to one host. It's possible for a poorly designed VPN to be leaking DNS queries but one like, say, NordVPN, which I use, doesn't have that issue.
Sign up now with the code GMESQUEEZE and get no discount because you don't need it, ya millionaire.
According to archives, their margin requirements were elevated on the 9th of the month. https://web.archive.org/web/20210209224607/https://www.schwab.com/margin-updates
I am not sure what your experience shorting stocks is but I trade as a main source of income and am used to have various different types of positions on. It's not uncommon for the margin requirements to be raised on a stock that's went up so quickly.
It makes sense that if a stock is moving up in multiples, you will need to have multiples available to pay for losses.
This is NOT what you should be worrying about. What you SHOULD worry about is this :
https://www.etoro.com/wp-content/uploads/2020/06/eToro-EU-Terms-and-Conditions-14.06.2020.pdf
, and then specifically section 29, Exceptional Events. They define those to include (goes from a to m but I'm highlighting (i) because we are hoping for it, and (l) because that one happened in Feb) :
(i) excessive changes to the price, supply or demand of any product. We may also call an Exception
Event where we anticipate this change (within reason); (l) liquidity providers not providing, or being unable to provide liquidity to us. Liquidity describes
the degree to which a product can be quickly bought or sold at a price reflecting its appropriate
value;
They include as measures that they can take to cope with Exceptional Events: (c) close your open transactions at a price that we reasonably think is proportionate; (e) cancel all open orders or trades which are affected by the exceptional event. "If you lose money as a result, we will not be liable to you."
Now this scares the shit out of me. Don't think for a second they will not close your positions at a price they think is "reasonable" when GME starts mooning, after the fuckery they pulled in Feb.
After I became aware of this by another etoro user (in the etoro app itself no less), I started looking through the horrible/bad/neutral/good broker list on this sub, and settled on degiro. Yes it sucks that you have to go through all the red tape again and have to answer 2 sets of 15 questions to prove you know the difference between drinking and eating crayons... And that your etoro shares are 'locked up' in etoro... But during today's dip I bought some more GME through degiro, and as soon as the price starts to rise again and my shares on etoro are in the green, I'm selling those and buying them back immediately through degiro as well. I'm getting the fuck out of etoro.
Well ... that's ... not the most resounding display of support lol
But for those it may help: A Guide to the Recovery Toolbox
Okay, I know I was supposed to lurk. But this NFT GME got me thinking... In the spirit of 🦍🦍🦍, 🦍🦍🦍 don't want to leave anyone behind. So I was trying to brainstorm a solution for the people in the world without good internet or no internet to be apart of the used digital marketplace.
What if Gamestop, built a IPFS site connected with the NFT back end for games, movies, music etc. This site could be reached anywhere the user could connect their systems to the internet or network tied to the IPFS site. I.E; GameStop stores, Libraries, schools, mate's house, Wendy's, etc. Once connected it updates the market price for Games, etc and allows the user to Buy and sell their games, movies, media etc.
Well, in case she can’t find the Kaboom... https://www.amazon.com/dp/B01MXXNS0E/ref=cm_sw_r_cp_api_glt_fabc_9W6H8KW778B0VBK342VY
Edit: In fact, when the squeeze happens, I will buy your wife a lifetime supply of Kaboom.
Received the following from Robinhood when I inquired about voting: PLEASE READ
Thanks for reaching out. My name is Troy and I'm happy to provide more info on the materials for GME shareholder meeting and your instant deposit limits with gold.
In regard to the GME shareholder meeting:
As a shareholder, you have the right to attend and vote in shareholder meetings. We use a third party investor communications firm called Mediant that allows you to attend and vote remotely.
Before each shareholder meeting you're eligible to attend, Mediant will send you an email with instructions for how to vote by proxy at www.proxypush.com. This email will include links to additional documents sent to shareholders from the issuing company. Our contacts at Mediant are waiting on a potential change to the details of the meeting that Gamestop has indicated may be possible. They will be sending out the email with relevant details for voting and attendance by April 28th.
If you wish to attend a shareholder meeting, either in person or virtually, please let us know so we can process that request for you.
For more information on meetings and elections, check out our Help Center article here.
“HODL Day: The Official Hodl Holiday
December 18 is HODL Day
HODL Day is the official celebration of HODL, as an ode to the date of GameKyuubi’s bitcointalk post on December 18.
Thanks to GameKyuubi, hodlers around the world who lack technical skills for short-term trades gather to celebrate his message and trading strategy on December 18 for HODL Day.”
“The History of Hodling The actual term, “HODL,” originated from a bitcointalk post by GameKyuubi.
If you’re unfamiliar, Bitcointalk is a forum launched by bitcoin creator Satoshi Nakamoto intended to discuss bitcoin and field questions about the project. It has since been a gathering place for the crypto community, and was the site of many significant developments both culturally and technically for the industry.
On the evening of December 18, 2013, GameKyuubi famously went on a drunken, self-deprecating rant, admitting that he was a bad trader and was going to hold on to his bitcoin rather than attempting to predict its price action.
In his post GameKyuubi is also aware that he misspelled “hold” but was too drunk and/or upset to change it. “
https://www.kraken.com/en-us/learn/hodl
Google is easy people. That was just the first link. But then again when you are sure you know……
Exactly. Also it's gotten more expensive to maintain a short position. A lot of firms now need 300% collateral to maintain a short position on GME https://www.schwab.com/margin-updates
Which means if the price goes up $1, you'll need to provide another $3 to keep your position open.
eToro released a statement that 63% of eligible shares (709,497 total) there were voted on. Any data from other brokerages available to put the confirmed 50%+x vote count into perspective?
https://www.etoro.com/posts/0__entry__47725371-eb7c-4feb-b0cc-7f2ca9fe0570
As others have mentioned (u/hippickles). This has been up since at least Feb 9.
This means that shorts require 3x the value of GME’s current price for each share they are shorting. That being said, this is the retail requirement from 1 particular broker, could be a different requirement for HFs and is a different amount for other brokers, though most brokers have similar high requirements right now. Questrade (Canada) upped their margin from 300% yesterday to 500% today.
This is bullish news, because it means brokers recognize their is at least the possibility that the price soars and are concerned the shorts might not have enough to cover. It also makes it easier for margin calls to occur, which would set off a price surge. In short, brokers raising their margin requirements make a squeeze more likely to happen... which can lead to them increasing their requirements further and so on...
Ok my wording is off.
You are investing in the underlying asset but if you read it it says leveraged positions you do not own the asset which implies you actually do own the asset on a non leveraged long position.
But I'm not in finance. Just my interpretation
Webull / Order Book L2 - I took this screencap today (2/11) at the bell. I was trying to catch the 5 share Ask for $30,000, just couldn't do it fast enough. I know Robinhood cancels any ridiculous Limit Sells Orders if the price is way above the current trading price.
​
Do other brokers allow this? Is this common?
GameStop has 75% 1-Star Ratings on TrustPilot!
If someone is willing to counteract the Bot-Votes, can do so here, by providing their honest opinion about the Company.
It’s a tokenized stock that has been around for about four months. I like the stock - the real stock!
Sources: https://cryptowat.ch/charts/FTX:GME-USD and https://help.ftx.com/hc/en-us/articles/360055676272-FTX-has-listed-GameStop-GME-
Is this true for all trades on Etoro? It looks like it tells you if it's CFD or not
"What do I purchase when I buy stocks on eToro?
When you open a non-leveraged BUY (long) position on a stock, you are investing in the underlying asset, and the stock is purchased in your name. This also applies to fractional shares: for example, on eToro, you can invest as little as $50 to purchase part of a share whose price per unit is $1,000. When you open a non-leveraged BUY (long) position on a stock, you will pay zero commission* — no markup, no ticket fee, no management fee. eToro also offers additional functions using CFD trading. With CFDs, you can open SELL (short) positions and use leverage. Keep in mind that if you hold a CFD stock position, you do not actually own the stock. Any CFD trade will be marked 'CFD' in the trade line."
i just wanted to chime in. i feel foolish but brave. I bought 2 shares with the stimulus. it was literally all i had. i gave it all. fuck it. DON'T GIVE UP. LITERALLY CONSIDER THIS A 1 WEEK INVESTMENT!!!
i have never played this game before. now i cant type because i have💎🖐🖐
GME - $243.43 | Robinhood
I just looked up the price of CXC and I don’t see anything
https://coinranking.com/coin/ZwKxp9aPP+cryptrox-cxc
Do you have a different link to compare? Or did I miss something?
>Edit: did I have the wrong CXC? Is this the right one then?
>https://coinranking.com/coin/WxJfC2PVz+capitalxcell-cxc
>Either way I see no jump, glitch maybe?
When you open a non-leveraged BUY (long) position on a stock, you are investing in the underlying asset, and the stock is purchased in your name.
Hi- As of today eToro does not support the voting rights process on the platform. Nevertheless, we're working to understand if we can offer users the ability to participate in the upcoming GME voting.
The voting is currently scheduled for June 6th 2021 and we will update beforehand on where we stand.
"What do I purchase when I buy stocks on eToro? When you open a non-leveraged BUY (long) position on a stock, you are investing in the underlying asset, and the stock is purchased in your name. This also applies to fractional shares."
"The eToro trading platform is not an exchange or a market. This means that you can only buy and sell stocks within the eToro trading platform. It is not possible to move open positions out of your eToro account to another broker or to another person. If you open a stock position on eToro, you are not issued a stock issuance certificate or allocated voting rights. Nonetheless, should the company issue dividends, your balance will be updated in accordance with your holdings."
Please read this and don't spread misinformation. https://www.etoro.com/en-us/customer-service/help/1306687462/are-there-limitations-on-the-amount-i-can-transfer-from-the-etoro-platform-to-the-etoro-wallet/
Your issue is coming from etoro wallet not from the plateform. I use etoro too, i was worried at the beginning but now i'm pretty confident they will not steal us like robinhood did.
Btw etoro is not totally free, they take a spread and they take 5$ for every withdraw. And for those who are saying that etoro is selling our informations to hedgies, maybe but i think it's unlikely, PFOF is already banned in certain european countries and EU is around the corner to not allow PFOF.
Amazing write up. The only thing that bothers me about it is if Kenny is turning junk bonds into real assets, why short Gamestop? All of their brick and mortar locations are typically in a mall or strip mall where they would be renting out the space and not the owner of the property. And according to what I was able to google (https://finbox.com/NYSE:GME/explorer/real_estate) GME has no meaningful real estate holdings.
If anyone wants the wallpaper: click
Edit: Yes, there is a small fee to buy myself a cup of coffe to enjoy when coding. There are also no ads implement in the app for this same reason.
Thank you Great Ape Parent Bank Expression lol!! Yeah it's on amazon on there too!!!! This link will work, but it might transition you to the UK amazon!
​
https://www.amazon.com/Stonks-Moon-Professor-Clark/dp/B095NCJH4M
All of the 1 star reviews have 1 fucking review! Such bullshit. Left a review of my own to balance the universe. I suggest you do the same.
After I started the transfer, I checked RH and it showed, "Your Robinhood account has been restricted." I also received two emails from Robinhood: "Details about your transfer request" and "We’ve received your request to transfer assets out of Robinhood." Each had a link to their account transfer process and guidelines.
I also received am email from Fidelity: "Transfer of Assets Request Submitted," with a link to their Transfer Tracker.
Hope that helps. Good luck!
It’s not fake. You are kind of spreading FUD even if it’s not intentional. The control number just doesn’t work through the gme website. My J.P. Morgan control number does the same thing.
Read the following from RH:
https://robinhood.com/us/en/support/articles/shareholder-meetings-and-elections/
Some are in the process of delisting, others in bankruptcy. Sears ($SHLDQ) is on the list to be moved to the black hole.
Searchable PDF is here: https://www.schwab.com/resource/otcexpertmarket
Heaven forbid we see what trading action is on those stocks! /s
Transparency my ass.
Fellow europoor, first you should check if CS accepted your W-8BEN submission online.
Indeed, I am in a similar situation and I had to send the physical form to CS (via courier). The reason being that my Wise.com account (in USD) appears to be at a bank in the US, but the address registered at my CS account is not in the US.
Therefore, together with the W-8BEN form I had to write a short letter explaining why my bank account is in the US while I am not a resident there (i.e., I do not pay taxes in the US).
Thanks for all graphics to Peggy und Marco Lachmann-Anke on Pixabay
Etoro have reported that only 60% did for their customers.
https://www.etoro.com/news-and-analysis/investing/etoro-gme-voting-pilot/
If that were true across the board, that would put the total possible votes to around 92 million.
This is what eToro says: (https://www.etoro.com/markets/gme)
469,568 Followers
7.16% Investors
100% of them have buy positions
To me that means that there are 469,568 eToro users watching the stock and 7.16% of those have buy positions (33,621) rather than taking 7.16% of all eToro users (1.4 million).
Has anyone actually contacted eToro and confirmed what these numbers mean?
" The eToro trading platform is not an exchange or a market. This means that you can only buy and sell stocks within the eToro trading platform. It is not possible to move open positions out of your eToro account to another broker or to another person. If you open a stock position on eToro, you are not issued a stock issuance certificate or allocated voting rights". Etoro is a bit shady. https://www.etoro.com/customer-service/help/1281273772/what-do-i-purchase-when-i-buy-stocks-on-etoro/
​
Get you one of these :D. that picture you posted reminded me they exist.
They're an index fund. When we buy shares, the market cap goes up and they buy more shares. It's just how index funds work, and Vanguard is the biggest. They don't give AF about GME, but when we buy more it forces them to buy more, which kills the short.
"stay the course" is a famous index investor mantra from Bogle, the dude who basically started Vanguard (and index investing in general): https://www.amazon.com/Stay-Course-Story-Vanguard-Revolution/dp/1119404304
I did a Full Transfer, moving stocks out, as Crypto isn't included in the transfer (I think).
From Robin'You's Transfer Page:
It's ok, I have the smoothest possible brain as well. It's at the bottom of https://robinhood.com/account/settings if you're on gold as I was then it will display. But the actual problem with RH is that even if you disable margin it's still on margin. They lie. They are actual crooks.
I feel your pain. I waited to transfer for months out of fear of missing then when I started the transfer (last wednesday) and it was done in two days I felt a huge wave of relief. I say do it! You'll feel better when your shares are sitting with a broker that you can reach any day of the week via phone.
I am a cash account GME holder and verified it with RH. They gave me the option of starting the process of attending the meeting in person (or virtually). They also gave me this link to view the process. PLEASE NOTE if you are on a MARGIN account (RH instant counts as margin) YOU MAY NOT HAVE ANY RIGHTS TO VOTE....according to the article.
If you got instant deposit, can't day trade, and can trade after hours then you have robinhood instant their margin account, you have to downgrade for a cash account, they don't work like normal brokers.
Edit: for some reason they start you off on a margin account.
https://robinhood.com/us/en/support/articles/robinhood-accounts/
You'll see it shows a cash account option. If you click the button where it tells you how to Downgrade, it takes you to a page that tells you how to Downgrade from Gold, but says nothing about downgrading specifically to a Cash Account.
​
Edit: My very first DD! lol
I think that buying a stable stock and transferring is the best way to go.
Remember that you will probably have to wait until all sales and purchases settle before a transfer can be done. So 2 days after last trade. T+2
I was looking on another page for robinhood. They say a Non-Originated ACH Deposits & Withdrawals have a 250,000 limit. Anyone know what this means? Can it go into standard banking account?
It's in the table at the bottom of this page
You can transfer shares wholesale using a process called ACAT, which moves your shares without selling them. However it can take 5 - 7 business days at least to process, and with Robinhood’s shite customer service (and delay in getting tax forms out) I’m worried it would be longer.
RH like many brokers is a member and insured by SIPC for this very reason. Your investments/cash are protected. The actually logistics or timeline of a scenario such as that? I don’t know. Here’s link to RH’s SIPC insurance
According to their website it takes 2 days to settle funds after selling, so wait another day or so and see if it works. Hopefully it's not some kind of fuckery like what I'm going through with this deposit that is suppose to take "5" days.
https://robinhood.com/us/en/support/articles/withdraw-money-from-robinhood/
https://www.schwab.com/trading/software
Their dedicated trading software that is much more robust than the website or mobile app.
Edit: You might need to call them to get it enabled on your account.
This is new to me too, so I dug. For fellow Schwabbies, there's this.
I *think* it's not available on mobile (can't find it on mine), but Schwab talks about what looks like its own platform called StreetSmart for desktop.
I get a "video not available", so for everyone, who get's the same, here are some alternatives :
to be fair it clear states that once you start the process of your broker transfer that your account will be paused
Even my broker says "Don’t underestimate how high the stock can go and how long it can take."
https://www.schwab.com/resource-center/insights/content/whats-short-squeeze-and-why-does-it-happen
If you want confirmation, then you should call them, or use their online chat (login in your CS account, and a prompt will appear). Probably you have to wait for their US staff to begin the working day though.
By the way, did you link your USD account on Wise.com? If so, you can at least check that such an account appears to be at a bank with a US addresss. Then you can also read somewhere in the instructions to compile the W-8BEN form that additional explanation is required by the IRS in such a case: bank account in US but residence address outside of the US.
There are czech whales short on gme as well :-) “Teď se musím přiznat, že Gamestop je moje number 1 short pozice.” https://www.buzzsprout.com/1425859/8699015-jan-barta-od-zacatku-covidu-jsem-500-v-plusu
Moreover, this is their current page re verification and it specifically talks about verifying NEW accounts, not re-verifying existing ones. Their new account verification process doesn't mention biometric identification so why would they need it from existing accounts.
I call bullshit.........
https://www.etoro.com/customer-service/account-verification/
Here it is: https://www.etoro.com/customer-service/help/551846/what-is-take-profit/
If the current price is $200, you can set a maximum of %1000 Take Profit (i.e $20,000). It’s important not to click sell (which should be disabled for GME already. In eToro that means you want to short a stock. You should instead set a TP amount or rate). Or if you want to sell all your shares at the current share price, you should click on close trade (its icon is like ❌).
Edit: wording/more details.
It's on their website.... "info is wrong"......
​
Download and install Tixati:
https://www.tixati.com/download/
Go to this link and search whatever you're looking for. Click what you like then click that magnet icon like an upside U. It will automatically open the Tixati app you just installed. Start downloading after. Repeat and repeat for unlimited videos & games you like.
Hijacking top comment to share this thing I whipped together...
Note: output appears in the StackBlitz console. The console must be open or you will only see a blank page.
Note^2: Prices shown are at close on the date listed, and "the Market" portion of calculating Beta is based off indices like $TQQQ or $SPY.
Example: https://i.imgur.com/ihd3kF6.png
Be warned I am no math whiz and just tossed this together to try and see for myself. All the formulas at least naively appear to work as designed, so I sort of trust the numbers.
I tried to lay out the code so even non-techy apes would be able to enter their own values and see what's up.
If anyone wants the wallpaper: click
Edit: Yes, there is a small fee to buy myself a cup of coffe to enjoy when coding. There are also no ads implement in the app for this same reason.
Diet is 90%. My wife diagnosed with cancer; did this (below) and cured in 5 months.
Different programs for difference issues, but this will work here (I've bought this book myself):
https://www.amazon.com/Healing-Diabetes-Gerson-Way-Charlotte/dp/1937920143
/u/RonSwansonTough
It is back in stock, holy crap that's a problem I never thought would be possible lol!!! Thank you for your interest fellow Ape Berningforchange!!!!! Here's a link that should have some in stock!! (Smooth Brain though so watch out)
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https://www.amazon.com/Stonks-Moon-Professor-Clark/dp/B095NCJH4M
Best thing I've heard so far.
Start with "The Creature From Jekyll Island - 5th Edition.
Work your way back through 300 years of banking history, and see the fight we are in for.
https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
(And yoga is bullshit. I prefer 80s video games)
My mom gave us this one for Christmas 3 years ago...it’s a fucking BEAST! You can even attach your Fleshlight to it!
https://www.amazon.com/K-Seal-ST5501-Purpose-Permanent-Coolant/dp/B001QT9KO6#immersive-view_1617240691984 this isnt the one i bought, that was specifically for the gasket head, but this one says it also does radiator leaks etc, so it may help? 🤔
I can't recommend this book enough for new parents. On Becoming Babywise. My wife and I followed this book for both kids, well really just the first we got lazy on the 2nd and we still have trouble getting him to stay in bed at 4 yrs.
I'm kind of addicted to these sometimes...
​
https://www.amazon.com/Moon-Cheese-Assortment-Pepper-Cheddar/dp/B00LMMLRG6
​
Blursed tendies incoming!
https://thepiratebay.org/description.php?id=7999304
I like the narrator in this version a little better. I prefer just narration without background music.
However great to see options are available!
AHhaahahhah haha incredible....
Totally deserves them!
Anyway,...
​
I made a little game for the apes. You can play it at https://scratch.mit.edu/projects/5381... and watch its completion at https://www.youtube.com/watch?v=otVbCnYB1-U . You can complete it in around 1 minute. :D
Use arrow keys to move the character which changes avatar as the stock price goes higher.
Eat bananas and crayons to increase the stock price.
Avoid the short ladders! If you hit one you sell at the current price and you lose.
Each new Dark Pool is a new level for a total of 5 short levels.
Eat crayons to increase the stock price faster!
Great job! Please leave a realistic review on trustpilot (https://www.trustpilot.com/review/www.gamestop.com)
SHFs fabricated a lots of fake 1-star reviews. While we’re distracted with share price dynamics and exposing market fuckery, they’re actively trying to bring down the performance of our company, we need to fight in the same order with accurate and legit reviews!
Thank you for helping our business thrive! Can you please leave an honest review on https://www.trustpilot.com/review/www.gamestop.com ? It would be very helpful, seeing as SHFs have been busy manufacturing negative 1-star fake reviews. Thank you!
I believe they stole those reviews from another site, if you google the review text in its entirety you'll get a single result linking to an app info page for an app called "Frontier: Crypto & DeFi Wallet" by Ohana Labs Pte Ltd.
https://robinhood.com/us/en/support/articles/close-my-account/
The only way it should be activated is if you were to put funds into it. They might be able to say that their was activity on the account by logging in but all that would do is be able to show a larger number for active members. This would not help the volume if trades through robbinhood or the amount they have on their books unless they were cooking the numbers. Just get all your money out, deactivate your account, make sure you have all documents from them that you need, then never deal with them again. It doesn't seem that hard to me unless you still have cash or assets with them for some reason
You're not wrong.
https://www.amazon.com/Original-Poop-Knife-Gag-Gift/dp/B079NTNWNG
But in this sub You're bringing a poop knife to a poop atomic bomb fight.
Congratulations. If we had to buy 1 item, this would be it. No more using your finger. Put a dab of diaper rash cream on the tip. Spread around like cream cheese. Wipe off spatula inside clean diaper. Easy peasy. Worth every penny.
Interactive brokers is a broker that works with a lot of other brokers. You can request online via a form that they will ask your broker to send your shares to them. When they arrived it is literally like 5 clicks away, since you can again request online for them to direct register your shares. You will need 5$. If you don't have the currency dollars you can send the money via PayPal, since they can send the money your money in dollars. If you want to I can show you the process.
Here are links to ibkr: App: https://play.google.com/store/apps/details?id=atws.app Website: https://www.interactivebrokers.ie/en/index.php?f=40071&gclid=CjwKCAjwtIaVBhBkEiwAsr7-c1ZtgzGGKyKpxmpFtmB0YqlmAYJuUhByffgN7W--TPdc-o0i8GJ_aRoCV-AQAvD_BwE
Yesterday was a margin gamma ramp banks needed to destroy. Death by 1000 slashes or death by 1000 shares maybe? Remember that GME is not the only battle they have, all the others potential squeezes with new ones showing up (mining). This will end with a large bank (BofA, etc) losing depositors money and a crash at some random time, a NFT dividend or some other random catalyst. If you were right, not short of cash etc, all the meme stock prices would be near $0, not a new ceiling of $200 (was near $500 2021).
​
Don't forget that we don't lose sleep over DOJ investigations and planned manipulation tactics, which are exhausting. They only have to make one catastrophic mistake, like RC or AA F'ing with them over and over, while we just wait.
​
I would suggest reading this book, this old read (from the 1930s) but talks of this very scenario and how the market always wins eventually. None of this manipulation BS is new:
https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lef%C3%A8vre/dp/0471770884
We need to educate ourselves. Just look at what SHFs are doing as entertainment, I have been in the meme plays for 2 years now, before there were meme stocks
If anyone wants the wallpaper: click
Edit: Yes, there is a small fee to buy myself a cup of coffe to enjoy when coding. There are also no ads implement in the app for this same reason.
Regardless what everyone should focus on is how you can vote. If you had the shares by 4/15 you should have received an email with a link to vote. Otherwise you should contact customer service, https://robinhood.com/contact
Seriously anyone still on Robinhood needs to have their head examined, and if you have a margin account, your shares are most definitely sold short. Robinhood's business model is to lend shares from margin accounts.
I appreciate the warning, but I think us apes should be very careful about calling out scam without proof of it actually being scam. Doing so will hinder voting across the board, which is not what's wanted.
For those worried, here is a link from Robinhood for how to identify possible scams https://robinhood.com/us/en/support/articles/avoid-scams/
If you haven’t removed margin and instant deposit on Robonhood, this could be the issue. Taken from their site:
When you utilize margin to purchase securities, Robinhood is lending you money. As part of the margin agreement, you are using your purchased shares as collateral for such loans and may give up some or all of your voting rights with respect to such shares held as collateral.
https://robinhood.com/us/en/support/articles/shareholder-meetings-and-elections/
Here's their documentation - https://robinhood.com/us/en/support/articles/expiration-exercise-and-assignment/
I've never traded options on Robinhood but if they are like most brokers, the calls shouldn't automatically exercise unless it's expiration day and if you did want to exercise them early you should be able to do so from your account via the app or the website.
That's exactly what happens. Taken from here..
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
"Are there any fees to transfer my assets to another brokerage? If you’re transferring stocks or cash from Robinhood to an outside brokerage, there is a $75 fee, which will be debited from your Robinhood account’s available cash balance. If your Robinhood cash balance is insufficient to cover this fee, it will instead be debited from your outside brokerage account."
Had Robinhood and after January BS I switched to webull etrade and fidelity. What I think is crazy is all them websites I signed up with using my google account. Why would they want access to all my personal sh*t or what I post. Just like why would webull and robinhood want all that info and who are they really sharing all my data with?
From their website:
"You won’t be able to transfer fractional shares. If you initiate a full asset transfer out of Robinhood, your fractional shares will be sold and you’ll receive the resulting cash back. If you initiate a partial asset transfer, any fractional shares you own will remain in your Robinhood Securities account as fractional shares."
A lot of brokerages don't do fractional shares, so this makes sense.
The money went to my Fidelity account 3 days after the transfer went through though.
Edit: Linking RH page. Fuck Robinhood, call back your shares.
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
It literally says 75$ for full or partial transfers on their website idk what OP is on. If its fidelity saying theyll reimburse or what but RH still charges.
Please read https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/ carefully before starting your transfer. Last bullet point is especially important:
>If you request a full ACAT transfer, RHC will automatically liquidate any cryptocurrency holdings and RHF will transfer the cash proceeds to the other brokerage in a residual transfer.
https://robinhood.com/us/en/support/articles/margin-overview/
"Access to margin is not automatic to everyone, and requires you to upgrade to Gold."
If you have default on then it should be ok. I believe when you buy using that "instant deposit", that's kinda margin. But after that, it will in cash after your money settled. (Someone corrects me if I am wrong)
But you should be thinking about a better broker.
If you already have shares in RH, I suggest to do nothing. Don't transfer. Don't switch. Just do nothing because you don't know when it pops. Transfer locks your shares.
If you want to buy more shares, do it in a better broker like Fidelity. Takes a few mins to open an account.
Can someone please explain Robinhood's fuckery going on this morning? For reference. Check out their website here: https://robinhood.com/stocks/GME
It says we are at $217 currently, but somehow DOWN, Yes, -2% for the day. HOWEVER, if you open up their app, it says very obviously UP 2.41%.
They are quite literally telling two different stories at the same time.
literally first hit on any search engine
You cannot transfer if you have insufficient funds or any sort of delinquency or margin.
Fidelity and Schwab seem to be a favorites in the US. I have Td Ameritrade and they limit sell prices extremely low, so I have issues with them and don’t really use that account (will probably close it since I originally got it for penny stocks many years ago). For example, I can’t even set 1 share of gme to sell for $300, whereas on schwab I can get at least $800-1000 sell price with the current pps.
I can’t speak for other countries
I think it’s misleading that RH uses the term “instant deposit” because it’s basically a margin account. They actually have three types of account:
https://robinhood.com/us/en/support/articles/robinhood-accounts/
I can’t tell you what to do because it depends on how you want your account to treated but for the sake of responding, yes, you can’t help fellow apes if you don’t want a permanent change to a cash account.
I cringe every fucking time someone posts a screenshot of purchasing GME from Robinhood.
If what you purchased ISN'T from a cash account, you just gave Shitadel and Melvshit more ammo to short. All RH Instant and RH Gold accounts are default set to margin trading: https://robinhood.com/us/en/support/articles/robinhood-accounts/
Get your head out of your ass and go to a different broker with more than a $trillion in their balance sheets.
You do have the options in RH, and every broker allows Trailing Stop Orders.
I only threw in Fibonacci since it's easy to count. You could just go 1, 2, 3, 4, 5% added each halt if that's too complicated.
Haha, no worry. But still, Vlad fucked at lot of Retail Investors. He deserves to see everyone switch to another broker. In case you haven't see it already: https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
I just looked it up. I think in a FULL account transfer the cash will move too. So probably safest to leave it as plain cash?
https://robinhood.com/us/en/support/articles/transfer-stocks-out-of-your-robinhood-account/
Robinhood has a thing on the front page that reads “Some stock exchanges have been placing intermittent trading halts on securities like GME due to volatility.” which you can see here
It was on Robinhood as a news card or whatever, said MarketWatch, posted 7 hours ago. I can now longer find it. When I viewed the card it took me to the Robinhood support page regarding trading halts. Robinhood Support Page
For the record, I do not use Robinhood for stocks anymore. They just have a better app than Fidelity for me to check the stonks.
Ye sure, there are several brokers that "automatically" route your order through different marketplaces that is "best" suited for it to ensure the best deal for you (sarcasm). If you change this now to manually and select a different one, that does not side with Citadel, you can increase your Limits.
https://robinhood.com/us/en/support/articles/stock-order-routing/