Yesterday I would have said Robinhood. But since they canceled buy orders, de-listed GME, and forced some positions to sell without consent from the hodlers I'm going to now say:
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
The system is falling apart and the rigged game is being exposed for what it is... but options still exist.
There are lots of cases they could sweep under the rug before. But not only are we the people watching, and pushing their hand today, but social media means EVERYONE is going to see it. It's not like 2002 when you say something at thanksgiving dinner and true or not no one pays attention. It's in everyone's feed. And if one thing is certain about human behavior, that which is true to them is that which is repeated.
All I know how to do is buy the stock itself
TD Ameritrade worked for me. Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared.
There are ways to buy someone's short ... I think ... but I really don't have insight into the terminology to pierce that particular veil. Puts, calls, shorts. I'm a stonks 101 graduate, never took 201.
But simply buying and holding the stock works fine too. I know that while there was some general fuckery on robinhood denying general buying, they went ham fucking over the advanced trades. Basically forcing people to sell their positions without consent. Illegal, so very illegal. But hey, exposing the rigged game is literally half the point for many.
Anyways. TD Ameritrade. Buy GME.
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
But you're right. There's the opportunity here to make money, but more than that it's about revealing the rigged game by forcing their hand. And as you can see it's working.
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
Robinhood went full on "But wait, that's massively illegal" doing what they are doing. Remember how I said that either we get rich, expose the system, or both? Welcome to exposing the rigged game by forcing their hand! There's way more going on, but the answer to your question (and mine!) is ameritrade.
RH canceled the order I put in the night before and I had to scramble when I woke up.
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
Because most communists whether they realize it or not, don't want any wealth redistributed, they just want a functioning meritocracy but have been tricked into believing that's what communism is.
Giving you 1 share of a 5 dollar stock as an incentive to use their service over others shouldn't raise too many flags as far as most incentive offers work. But beyond that RH is a major player and is one of the prime traders /r/wsb and /biz/ use. It's also very easy to use.
But you do you.
You can make a robinhood account, link your bank account, and trade off whatever you transfer for deposit immediately. Search for GME, issue a buy order, and at market open they'll buy up to whatever your specified amount will buy.
It's not hard, don't worry
Robinhood just went full psycho, denying the ability to buy GME, delisting it, only allowing sales, and selling many people's positions without their consent. Wowie.
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
GME is at ~$300 right now
Yes if you want to piss off the billionaire hedgefund 'rig the system' class.
Buy in @300, and enjoy the show
The price move really isn't even a once in a year thing.
But the point isn't whether GME/AMC is a good financial move or not, it's about how GME has the ability to topple the sham financial institutions and THAT is a once in a life time opportunity, which is why they are shilling you to buy AMC rather than GME.
They are trying to do damage control, minimize their losses, and the fallout that spreads to the whole system. Don't let them get away with it. It's GME or nothing this week.
Enjoy the show! You're part of history!
Agreed. I don't think I have insinuated wsb "rigged" anything, but if I did let me be clear - wsb has done nothing wrong (though the powers that be will try and make it sound like they did)
Imagine trying to claim that it's ok for one person with $100mil to do something, but not ok for a million people with $100 to do the same thing.
Distributive thinking is powerful enough to topple any institution.
One guys says, "I have an idea..."
And where there are blanks, others fill it in, and before you know it your forum has bombed a terrorist camp, located a flag, or bankrupted an overexposed hedgefund in a shell game that non collaborating poors weren't supposed to have an affect on.
The rich are too few to compete with the distributive cognitive power of the masses, and it's only the advantage of wealth and existing institutional knowledge that is keeping them in the game. Without a hint of sarcasm, chat forums have changed the power dynamics of the world. We are watching what a v1.0 neural net can do.
Dirty poors shouldn't be allowed to pool enough money to impact stock prices, only single people with all that money on their own are allowed to. The point of shorts are so we can make quick money off of information only we have access to, and it's an affront to allow serfs to steal our rightful gains by using publicly available information!
Someone call the sheriff and have him root them out, comb the whole forest if he must!
Yeah, pretty much!
And the really infuriating thing is that NO OTHER HEDGE PUNISHED THEM FOR THIS. It's so easy autists could do it, but no one else did. Because the game is SUPPOSED to be rigged. This is the same normal rigged greed game with no fair actors balancing it out just at another level.
In queensbury rules, you don't stick your thumb in another faggoty hedge's shell game pie. So other groups just let each other get away with shit like this all the time. We're not supposed to be able to play their games, and the fall out for this is going to expose the sham for what it is.
Watch as regulations are made to keep plebs away, laws passed to redefine insider and collusion to make no sense just to punish serfs, and reversals to protect the rich and deny the profits of the dirty poors.
What a time to be alive!
If you are buying anything other than GME you are falling for the damage control shills trying to redirect your money. Any dollar going anywhere other than GME reduces the damage. $300 GME destroys the hedge, but there's some unknown threshold that destroys the whole centralized fiat financial system as we know it.
Because at a certain point the SEC steps in and does shit only a centralized player can do, which will be draconian and entirely unfair. It will expose the rigged game for all to see. Centralized fiat relies entirely on faith that it is fair, so exposure of cheating in the open (it's usually hidden) would be the beginning of the end of a financial system used to keep people in chains.
It's one thing if a hedge is on the line for tens of billions, but what if they're on the line for a trillion? Get it? Somewhere between the two the SEC has to step in to prevent people realizing the emperor has no clothes... which in and of itself will prove the same.
If you're only in it for quick returns, there are always other options, but if you're in it to fuck the system, for luls, or for financial revolution there is only ONE stock, GME.
$100 of your money has never had the power to do more for the future of humanity than today, and it's not in AMC.
If you're buying anything but GME before the call, you've fallen for damage control shills trying to minimize the hurt by preventing GME prices to rise to system breaking levels.
^ Critical point
Russian national interests are NOT american interests...
...but simply having national interests IS aligned with american interests
I will explain:
- Stocks:
A stock is just an entitlement to a small share of profit or revenue from a company. Businesses are after all, a collaboration of labor and capital (you're the capital) and both are entitled to some share of the gains. These gains are paid as dividends.
- Dividends:
The dividend you may receive is set in reality. What they bring in is what they pay out, basically. The company can't pay out more than they make, but they can't afford to pay less than a certain amount because they rely on capital investment to run the business and no one is buying in if you 'aint paying out. But what should a "stock" be worth? Well, what share of a profit actually worth? Depends on how much profit a share will pay out right?
- Share Price:
It's easy to understand that if a "share" is paying out $1 per quarter, then it should be worth twice as much as a "share" paying out 0.50c per quarter, right? Well it's a little more complicated because there's no certainty what the pay out will be ahead of time. Did the company do good this quarter? Did it meet it's "projections" or did it fall short? Did something unexpected happen, like a pandemic, or a ill tempered tweet causing a boycott?
- Speculation:
Because of these risks, some known, some unknown, different people have different opinions on what the stock is worth because they have different views of what the dividend will be and how likely or risky it is to rise or fall. Some risks are commonly "factored in" to the price, (such as price of rice) since flooding and drought may not come this year but they'll come some year. Other risks aren't easy to predict, or even inevitable. But if you believe a war is coming, or a new product will be a success, you may decide that a given stock is over valued, or undervalued. By purchasing an undervalued stock, you don't just reap a higher return through a larger dividend than if you invested elsewhere, but if you later sell that stock you accrue the price difference after it's price "corrects" to reflect what becomes common knowledge. Similarly, "shorting" is how you make a profit off a stock you believe to be overvalued.
- Shorting:
Let's say a stock is selling for $20, and you think it's only worth $15. You believe this because you think the dividend paid out will be lower than what most people buying/selling think it will be. Well what you can do is make an arrangement to 'temporarily' hold onto someone's stock for them. You'll totally give it back at the end of the contract, say a week, so the original holder will still hold it when the dividends pay out. You offer to pay a small fee for the privledge and both parties are happy. The original holder is happy because they just got paid free money for doing nothing - they were going to hold the stock anyways. And you can now short the stock. Because all that stock you're temporarily holding? You sell it. You sell it at $20. It's only temporarily yours, but you sell it. Because remember, you think the price is going to drop and you don't have to give the stock back until next Friday. Well Friday rolls around and lo and behold the stock dropped to $15. You buy some of that stock at $15, and give it back to the person you borrowed from. You bought low, and sold high, you just did it in the opposite order.
- Hedgefunds
Now let's say you're a hedgefund and you think Gamestop is overvalued. So you 'short sell it'. Now you're sitting on some cash from your sale... hmm, what to do, what to do... well it was a good move with a few shares, so why don't we do it again with more shares? Like, a lot. Like, as much as we can get our hands on. So you borrow and sell, borrow and sell. Eventually you've borrowed and sold the same stock multiple times. That's how you get to 130% of all available shares being in this state. When Friday comes around and the price has dropped, you're going to make a killing. You'll just buy the shares to give back at the lower price and pocket the difference. Just like you've done before. And this time will be no different. The stock price will definitely be lower on Friday... right?
- INTERLUDE
Wait...
What's that...
A board of Chaotic Neutral autists with stimulus checks see what you're doing to their nostalgic brick and mortar from childhood? Well what could a few unwashed millennials do?
- Enter Stonky Bois:
Hey guys, what if we buy Gamestop, but like, keep buying it. We buy and buy and buy and never sell. We drive the price up well beyond anything the dividend is worth, but who cares, come friday all these short sells get called and they have to pay them back at literally whatever the stock price is then. We'll make a ton of money. So they did. They drove the price up and guaranteed a profit for them, and a loss for the hedgefunds.
But wait, what's that, these prices are getting ridiculous. $100? $200? We're not going to just bankrupt these hedgefunds, we're going to break the fucking market. We're going to break it so hard it exposes the shell game for all to see. What happens if the stock is worth $1k? Or a million? Guys the emperor has no clothes.
- It's not about the money, it's about the message.png (you are here)
To hell with profits, To hell with selling, or bankrupting a hedgefund, or even about just making our own money back. Let it all burn to the ground, I don't care if I see a cent of return, I want to drive this price so high that it costs so much to repay that the entire system grinds to an explosive hault. What will happen? Can it be ALLOWED to happen? Will the SEC (Securities and Exchange Commission) put a halt to trading? Reverse trades? If they do they expose the fraud for what it is - it's ok to rig the game when the rich profit, but not ok when the rich are fleeced? Would such moves herald the end of old money and the old financial systems? Centralized fiat relies on the appearance of fairness, and when you remove that you remove the foundation it relies on. Can they afford to step in? Can they afford not to? Is this the moment centralized fiat dies to be replaced by decentralized crypto? No one knows. But does it matter at this point? Buy and hold. Fuck 'em
Occupy Wall Street terrified them, because we were over the target.
Moving to credit unions over banks terrified them, we were over the target.
But thankfully, the movement was co-opted by dirty commies looking for free healthcare so it died out....
...but I wonder what would happen if both sides united against our shared enemy - the rigged financial institutions, our individual future tax earnings being traded as a futures, and the fed??
I wonder
I want to refute slightly, that there is nothing wrong with shorting. Nothing at all. It is a consentual exchange, and for everyone one one side of a trade, is another person on the other end. These moves help a stock price find it's 'true value' relative to others. Remember, stocks really aren't a game where money is made through buying low and selling high, thought that's where some work is done. stocks are primarily a share entitlement to revenue, in the form of a dividend. The cost of a stock is generally proportional to the expected dividend that stock will yield in the future with some accounting for the probability of that dividend being higher or lower. For example, A GME dividend may be $0.50 per share in a given quarter. That would make it a great investment at $20 per share but absolutely retarded at $100 per share. At $20 you're getting a 2.5% return in a quarter, that's sweet. But at $200 per share you're looking at 0.25%, which is inefficient because better options exist. Buying, selling, and shorting are all mechanisms by which stocks leverage the mean confidence of tens of thousands of brains working on the problem to arrive at the best guess for it's 'true' value, as well as providing the liquidity that allows people to quickly get into and out of a particular stock. Some people think it's undervalued relative to it's return, others feel it's over valued, and so they buy and sell, or short sell, when they expect changes in that mean confidence level to change as facts and perceptions change. TLDR: It's not evil That being said, punishing groups that fail to account for actual risk is fantastic and I am thrilled that /r/wsb and /biz/ have found an over invested group and punished them for their arrogance - Colluding to short selling 130% of available stock is not a move that helps a stock reach it's true value, and frankly, it shouldn't take a group out 'for the luls' to right this behavior. It was a smart move for other firms to get behind because it was clearly a glass house and someone should have been throwing stones. Kudos to the autists for stepping in where established groups failed.
Materials and methods is where all the dirt is hidden. It's nearly always purposefully incomplete, and good luck getting clarification. Reviewers don't care either, because it's all politics and money. Journals only care about what's going to get cited, the impact of the claim and the name behind it are literally the only things that matter, data is just for appearances.
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
Buy GME, but more importantly HOLD GME. No sell, only buy.
(Well eventually sell, maybe, hypothetically ... but the the mindset is buy and hold. No sell, only buy.)
*This is not financial advice. I didn't graduate high school and eat crayons