did you regulate how much credit was given based off of information provided by the applicant?
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Robinhood Has Restricted Users From Buying GME, AMC, BB, NAKD, and NOK Stocks.
- Thread starter Lucky Aces
- Start date
did you regulate how much credit was given based off of information provided by the applicant?
You're ignoring my point, though. You're saying they're doing this to protect the investor....but they're not assessing each investor individually, so that can't be true.
How are you still posting without either apologizing or removing your previous post? Seriously.
There have been multiple people in here educating on the Gamestop situation and why it just might just be a once in a life time unicorn. Literally everyone understands there's risk involved here, I think many people have very real memories of their friends or family getting fucked over the Great Recession or having their future robbed before their eyes without doing anything and they're going to hold onto this stock come hell or high water. Besides the social aspect, this is not a normal mania/meme stock, there's actual fundamentals behind why Gamestop is going through the roof. Melvin shorted hardcore and everyone's on the gravy train banking on their destruction like they banked on ours a decade+ ago.
This is what I'm wondering if I should do.
I'm not involved in this GME stuff - I'm enjoying rich people tears, but what's happening today was always obviously going to happen and it makes me wonder if I should stay on RH or not. I have a little account, under a grand. I'm a very small potato. But I'm not sure what to do here with my little potatoes.
He's the guy who took the clocks off the walls in the casino
Because he is not a "commoner" like us, he's allowed to insult us because apparently we no nothing about the risks of the stock market.
Of course, but that's based on data they provided on a per person / application basis.
Stooge is saying "These people need to be protected" while approving of blanket, all consuming bans on *everyone* / an entire class of investor where such information isn't even being considered.
In general the hedge funds aren't making reasonable decisions either, this was a highlight of that. Fact of the matter is, this move bails out the hedge funds, pure and simple, "commoners" do not benefit from this move. People would've been burned from this, this was indeed a gamble, but it's not like RH is banning penny stocks and options for other stocks, now is it? Not to mention people are being burned by the very act of shutting down trading on these stocks anyway.
I edited my post but I do agree with the last part. Everyday people invested a lot into this recent stock crap, it sucks but money should be reimbursed
i would like to invest in it becoming a hot new copy pasta
but it turns out i cant, as a commoner i am too dumb to do so
We knew he was getting there from the start it just took him awhile to go mask off.
Hey guys just wanted to give my 2 million cents on this one. I believe the common plebe should not be allowed to day trade. Their simple peon brains cant compute the linear regression models in their heads like mine can. I don't even think they can calculate that they should buy the value pack over the smaller size when it comes to groceries. Honestly these commoners shouldn't even be buying their groceries, they do that sub optimally too.
Trust me, Im an expert. I have 20 years of calculating the markets to ensure myself and the boys from American Psycho bilk these dumb filthy commoners without their input.
Trust me, Im an expert. I have 20 years of calculating the markets to ensure myself and the boys from American Psycho bilk these dumb filthy commoners without their input.
User Banned (3 Months): Excessive hostility and threatening another user
Commoners, bitch? Really? Thanks for letting us know to put your name on the list of people to eat when the class wars start, you avian fuck.
No, but I also don't like casinos having ATMs in them? I don't like payday loans. I don't like high interest credit cards. I don't like cash advances against credit cards. I don't like direct deposit advances in ATMs. I don't like "overdraft protection". I don't like that banks run credits before debits.
There are loads of financial consumer protections that I like that helps the little guy not get eaten alive by financial institutions.
Only rich and experienced people should handle your money - you're too dumb to make decisions for yourself. Yes, many of the rich experienced people will just abuse that privilege and squander your money, but that's far better that you, yourself making decisions that could hurt you.
Is this a joke?
Yes, DIY projects can save you a lot of money, but we should just require that every repair is done by a professional who jacks up the price. You can do it? Too bad. Right to repair? Too bad? What you eat? No, nutritionists should just deliver required food to commoners. Abortion rights? You're not a health professional - only the government can decide if you can or can't.
Jesus Christ.
Is this a joke?
Yes, DIY projects can save you a lot of money, but we should just require that every repair is done by a professional who jacks up the price. You can do it? Too bad. Right to repair? Too bad? What you eat? No, nutritionists should just deliver required food to commoners. Abortion rights? You're not a health professional - only the government can decide if you can or can't.
Jesus Christ.
This was probably posted earlier, but I'm glad she's taking Cruz to task about his blatant attempt at suddenly "joining hands" with wanting to investigate RH.
Like everyone can see how both are wanting to investigate for vastly different reasons.
but isn't that precisely the issue here? robinhood hasn't been doing their due diligence of assessing each individual investor before allowing them access to specific options. thus the need for the, temporary, blanket ban. i think people are reading too much into the commoner thing considering that the post they replied to used commoner as well, obviously sarcastically though.
Dude, I'm not rich. Commoners was a bad word, but I meant it in regards to trading knowledge not class status.
Allowing people to sell but not buy is pure market manipulation and certainly isn't protecting their customers. I think Schwab did it right. Don't let people trade options on incredibly high volatility stocks, but let people buy and sell stocks like normal.
Lmfaooooooo for real. "I don't know what you know about stonks (I'm an expert), but we need to protect those stupid poors from themselves so that I - I mean so that wall street can continue unimpeded."
Holy shit that has to be illegal. Selling at such a low price too
Again most people transfer some money and buy some stonks
most people are NOT buying on margin/credit or doing options or futures or other scary risky things that can have you lose more than what you physically posess in your bank account
and to fucking turn off the 'buy 1 stock with your own hard earned money' button and have it defended with 'but day trading is risky'
most people are NOT buying on margin/credit or doing options or futures or other scary risky things that can have you lose more than what you physically posess in your bank account
and to fucking turn off the 'buy 1 stock with your own hard earned money' button and have it defended with 'but day trading is risky'
This literally is trying to take money out of the consumers pocket to bail out the billionaires from their bad decisions
You keep dodging this point entirely
I mean, that's fine, but let's get to the bottomline here, RH isn't preventing people from losing everything by blocking trading on these stocks and continuing with other penny stocks and obscure risky investments, so.... why these ones?
You've mentioned it was a bad word twice now but have yet to edit your post or apologize. So do you care that you are insulting, or...?
How dare you commoners for speaking ill of us nobility? It is our honorable blood that keeps the kingdom afloat and safe. The foolish peasantry cannot begin to comprehend the sacrifices we make so you may plow your petty fields.
Stooge Real question for you...
While I respect your background, do you not see the issue with these major trade outlets stopping the ability for us retail investors to continue to buy and sell equally? We all accept the risk associated with the stock market...We all KNOW it's a gamble. But we can't play the game anymore despite having money on the line. You've got to see why people are upset here.
While I respect your background, do you not see the issue with these major trade outlets stopping the ability for us retail investors to continue to buy and sell equally? We all accept the risk associated with the stock market...We all KNOW it's a gamble. But we can't play the game anymore despite having money on the line. You've got to see why people are upset here.
Well those haven't been put in place yet and the little guy managed to exploit a rule to take down the whole casino and all the wealth that comes with it. When all is said and done we need to seriously reevaluate just what we allow to go on in the stock market and perhaps restructure our economy. People are desperate for money.
Well the people up at the very top sure don't have trading knowledge if they short a stock at 148%. We're playing the game fair and square. Regulate and or put ownership of industry's assets into the hands of the workers that make the company operate instead of allowing stuff like this to happen. There wouldn't be such a push on this stock if there wasn't such massive wealth inequality exacerbated by this system.
I don't know why we are shitting on Stooge for using the commoner word considering that he was answering someone who used it first.
It feels like people here sometimes read a word, get angry and then don't bother to read the rest of the content and counter argument them with the whole post whatever they were right or not
It feels like people here sometimes read a word, get angry and then don't bother to read the rest of the content and counter argument them with the whole post whatever they were right or not
Im all for professionals doing their thing
What I want are professional watchdogs too. Ironclad regulations and rules that are enforced.
Conflict of interests, cons, white collar crime punished harshly
The problem that is being highlighted here is all the self dealing and corruption that exists with just about every facet of American society from Finance to Politics and so on