Robinhood employee speaks
(media.greatawakening.win)
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it should have been the exchange that limited the trading - they have all kinds of controls - if the brokers had a problem with client risk, they should have increased the margin to 100% or 300% for a short position.
simple as that....
broker can't tell you, you can't trade it's not his place to do that unless you are under funded.
if you trade on futures on CME - your broker lets you trade - the exchange might halt trading or declare close positions only - that's fair because it's everyone
random brokers esp. retail ones - that's not right.... NOT AT ALL
find out if the pro brokers like GAIN CAPITAL, the big guys the hedge funds use also blocked clients from trading - that's the real tell right there...
GME is listed on NYSE - it's NYSE that should have set the rules - same rules for everyone.....
NYSE should have halted trading for a day or 2 -3 days - let it cool off....... they halted it many times for 5 minutes due to volatility..... they should have shut it off entirely for a day.