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Redditors gave Wall Street traders an absolute pasting

PTR said:
I don't think people bought GME shares at $250 to sell them for $400 though. They bought a ticket to a lottery that would be either zero or $10,000

At least, I did. I knew it was 50/50 at absolute best.
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Aye, but there are some dafties who thought it was free money and lumped on. Reddits full of them
 
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monkeytassle said:
5% on a stock with that much volatility is noise.

Defo not after a quid. Sticking it to the man.
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A multitude of people, a sea of investors if you will :lol:

Some wanted the money, some wanted to stick it to the man, and some just like the stock.

Without point72 and citadel melvin goes under. Just shows how much of a cartel it is at the top
 
What's the best way to get into trading at a personal level?

Having read this thread,watched Billions,Wall Street and The Big Short I fancy a crack.

Piss taking aside it's been really informative listening to people in the know explaining things.

Well until a couple of nutters tried to take over.
 
Mr.Thunders said:
What's the best way to get into trading at a personal level?

Having read this thread,watched Billions,Wall Street and The Big Short I fancy a crack.

Piss taking aside it's been really informative listening to people in the know explaining things.

Well until a couple of nutters tried to take over.
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Trade in a dummy portfolio. But be strict about it. Like act as if you had real risk on. Have strict stops. Cut losers, press winners. Have defined targets. Try and remove emotion. Use loose technical analysis. Don't listen to opinions. Do your own research. Try and identify themes before the masses.

What do you want to trade? FX? Stock? Commodities? Bonds?

As I've said I'll always be happy to help.
 
monkeytassle said:
Trade in a dummy portfolio. But be strict about it. Like act as if you had real risk on. Have strict stops. Cut losers, press winners. Have defined targets. Try and remove emotion. Use loose technical analysis. Don't listen to opinions. Do your own research. Try and identify themes before the masses.

What do you want to trade? FX? Stock? Commodities? Bonds?

As I've said I'll always be happy to help.
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Don’t buy drunk anarl.
Which app or account? I signed up for one pre lockdown after a few and put £100 in then forgot about it until last week. Can’t remember it’s name off hand.
 
riffraff said:
Don’t buy drunk anarl.
Which app or account? I signed up for one pre lockdown after a few and put £100 in then forgot about it until last week. Can’t remember it’s name off hand.
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Depends on what you want to trade. Ig index are still the benchmark for spread betting.
 
monkeytassle said:
Trade in a dummy portfolio. But be strict about it. Like act as if you had real risk on. Have strict stops. Cut losers, press winners. Have defined targets. Try and remove emotion. Use loose technical analysis. Don't listen to opinions. Do your own research. Try and identify themes before the masses.

What do you want to trade? FX? Stock? Commodities? Bonds?

As I've said I'll always be happy to help.
Click to expand...

My ex used a broker and I never really paid much attention to it.

Just quite interested but as you suggest want to learn more.

Heard of dummy account apps,any you would suggest?
 
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