Stocks and Trading Thread - Channeling your inner Mono

[Valmy]

Truth drops 18%.

[crazy canuck]

Truth drops 18%.

It didn't take long for the dump after the pump

[Habbaku]

I'm eagerly looking forward to it becoming a penny stock in the next 6-12 months, ideally before Trump cashes out.

[Admiral Yi]

Dow hits 40,000.

David Elias wrote a book back in 1999 called Dow 40,000.  The Dow was 10,481 at the end of 1999.  Most people thought he was ridiculous at the time, me included.

In his second act as an economic advisor to Dubya he got roasted for saying "the human capital stock wants to get back to work."

[Admiral Yi]

Nvidia goes nuts again.

[Admiral Yi]

Dude makes the argument whey Etrade should not ban Roaring Kitty.

Thanks again for the NVidia call veep.

[Josquius]

Why are they looking to ban him?
The house always wins, any customer who wins gets a beating?

[Admiral Yi]

Either because he's manipulating the market or because his strategy has generated extreme clearing house requirements for his brokers.

[Tamas]

Either because he's manipulating the market or because his strategy has generated extreme clearing house requirements for his brokers.

So what Josq said, then.

[Admiral Yi]

So what Josq said, then.

Not even close. 

[Josquius]

How so?
Your explanation does sound like he's found great success within the rules, albeit in a way that wasn't planned for, thus they're changing the rules just for him.

[Admiral Yi]

How so?

Because your claim that customers get beat up when they win is nonsense.  I'm an Etrade customer.  I've made money on my investments.  I have not been beaten up.

[Tamas]

How so?

Because your claim that customers get beat up when they win is nonsense.  I'm an Etrade customer.  I've made money on my investments.  I have not been beaten up.

Unless you have been keeping a pretty low profile here, I'll assume your winnings are not to the scale that all them other clients losing won't balance them out.

[Admiral Yi]

Unless you have been keeping a pretty low profile here, I'll assume your winnings are not to the scale that all them other clients losing won't balance them out.

Squeeze said "any" customer.  You seemed to agree with him.  If you want to withdraw that thesis and propose a new one, please feel free.  The thesis I disagreed with is nonsense.

[Josquius]

I wasn't being literal.  They're not actually going to physically hurt him either.

I was using a casino analogy.
Like the casinos I don't expect they pick on everyone making moderate profits or who strikes lucky.

It's when someone figures out a perfectly legal and within the rules technique to make huge money, like card counting, that they decide to arbitrarily change the rules.

Back when the gme business was blowing up I remember reading a lot of the trading firms were pulling this kind of shit with people.