All these apps and websites are having certain “errors” in regards to any transfers. This is all deliberate and blatant attempt to allow the market to correct itself. I’ve tried on 5 different platforms this is complete ****ing bullshit. Even the way it was before we were likely getting screwed but got lucky here and there. This is the fat cats rigging it from top to bottom. the Biden administration needs to come out hard and strong otherwiese this is a big loss
Anybody that invests knows there's an "invisible hand" of giant corporate entities that dictates what path the market takes. Ultimately we still can all make money, so we more or less turn a blind eye to it. But when the not so invisible hand makes it so transparent that they can just s**t on the little guy whenever they feel like it, yeah it's pretty damn infuriating. I wasn't even involved in the meme stocks and I'm pissed. It's fine to gamble until the casino starts losing money, then you are corrected one way or the other.
Sadly, I think when the dust settles there will still be a lot of poor investors who speculated because of a mania and taking on the man.
More like a gentle spanking.... and Elon still has the entitlement of an elite that the issue is he got caught. Tesla has some Enron like accounting but it's a good story so it's cool... All that's happening right now is one group of elites is pulling it over on another group of elites with a bunch of poor retail investors thinking they are playing the white knight part.
I hope they force Cohen to sell the Mets. What are my fellow donks doing here? We holding til at least tomorrow?
So Robinhood's mission to make investing accessible to everyone was really just a ploy for large hedge funds to take advantage of inexperienced traders, and now that those same traders are trying to push back, they lock the traders out of their platform? This is bull ****.
This was known months ago.... They are selling the data to the people that want to buy it.... Like Google but for finances....
RH was always a scam. Their whole business model is built around funneling trade to high frequency traders (rather than serving as a traditional broker that interacts directly with an exchange). Basically you get commission free trades in exchange for executing trades at slightly worse than market prices (so in reality it isn't a free trade). And RH provides zero transparency around its trading practices. And RH lets traders trade on margin after requiring only $2000. You're inviting inexperienced traders to play with fire for no reason. And you know that people started buying GME on margin when this started. The short squeeze started because a hedge fund was overleveraged on short positions and then RH invited WSB to overleverage their RH accounts to participate in the squeeze. The whole offering is a joke. Payment for order cash flow should be heavily restricted or eliminated outright. Lets reintroduce commissions on trades and force brokers to interact directly with exchanges. Margin trading needs to be really restricted/regulated (because people think of it as free money). There's just way too much risk taking on both sides (both retail and institutional investors). We need to slow all of this down.
