• The first stage of the forum upgrades has now been completed but they remain in a degraded state and are still being worked on.
    Please read this thread for more details.
    New user registrations are currently disabled.

Redditors gave Wall Street traders an absolute pasting

The Albanian said:
Tell you what, you have to be a real piece of shit to be able to unite Ben Shapiro, AoC, Ted Cruz and DT Jnr in their condemnation of your behaviour.

Looks like Hedge Funds are the new nazis.


I’m an expert in many sectors but probably in the top .1% of body language readers that have ever lived.

He’s lying his heart out.

Jail him
Click to expand...
I suspect he's lying because his company was on the hook for a lot of money and he doesn't want to go on national TV and say "my company almost collapsed today but hey, come and trade on our platform, it's all good."

How many brokers stopped people buying yesterday? If it's just one then the circumstances are unique to them and it's likely a risk management/liquidity issue with them alone.
 

mikemanc said:
I suspect he's lying because his company was on the hook for a lot of money and he doesn't want to go on national TV and say "my company almost collapsed today but hey, come and trade on our platform, it's all good."

How many brokers stopped people buying yesterday? If it's just one then the circumstances are unique to them and it's likely a risk management/liquidity issue with them alone.
Click to expand...

I know three of the popular ones of similar nature in 212, EToro and Robinhood all did
 
monkeytassle said:
Yeah it's called Var. The goal posts move when volatility moves.
Click to expand...

Then stop margin trading on highly volatile shares, don’t stop everyone including people 100% funding buys from account funds from purchasing because their is no rationale for that. Robinhood are getting sued and now under investigation in the US for their actions. Turn off the margin trade. Stopping people making buys with their own cash because it’s a volatile market when they can buy crypto with cash on the same app that is far more volatile makes no sense.

If you look at the requirements to margin trade on Robinhood, Gold account, 2,000 deposit etc... only a tiny percentage of their users actually have approved to trade on margin. So the vast majority yesterday were just limited exercising buy options with their own money
 
mikemanc said:
I suspect he's lying because his company was on the hook for a lot of money and he doesn't want to go on national TV and say "my company almost collapsed today but hey, come and trade on our platform, it's all good."

How many brokers stopped people buying yesterday? If it's just one then the circumstances are unique to them and it's likely a risk management/liquidity issue with them alone.
Click to expand...
our firm stopped us buying it for clients tuesday after the close. only allowed to close out long. the following day our fortune 500 clearing firm made gme and amc 100% margin requirement.
 
MattyM 09/109 said:
And its off to the AG
Logon or register to see this image
Click to expand...

Its been a disaster for them, legally and PR wise. They better do a better job of explaining the reasoning then in that interview with their CEO. They are also facing multiple lawsuits from users
MattyM 09/109 said:
And its off to the AG
Logon or register to see this image
Click to expand...

Hey @monkeytassle when I made this exact same point in a question to you last night you accused me of “not having a f***ing clue” what I was talking about.

Does Goser, a senior US politician and member of numerous US committees, including the governance and financial oversight committee also not have a f***ing clue?
 
Last edited:
  • Like
Reactions: Cow
MonkeyLove said:
Its been a disaster for them, legally and PR wise. They better do a better job of explaining the reasoning then in that interview with their CEO. They are also facing multiple lawsuits from users


Hey @monkeytassle when I made this exact same point in a question to you last night you accused me of “not having a f***ing clue” what I was talking about.

Does Goser, a senior US politician and member of numerous US committees, including the governance and financial oversight committee also not have a f***ing clue?
Click to expand...
He does not indeed. Do you know how citadel pay Robin Hood?
 
MonkeyLove said:
Its been a disaster for them, legally and PR wise. They better do a better job of explaining the reasoning then in that interview with their CEO. They are also facing multiple lawsuits from users


Hey @monkeytassle when I made this exact same point in a question to you last night you accused me of “not having a f***ing clue” what I was talking about.

Does Goser, a senior US politician and member of numerous US committees, including the governance and financial oversight committee also not have a f***ing clue?
Click to expand...

Gosar is a loon to be fair. I feel like I'm living in an alternative dimension.

Gosar is an educated, professional. A dentist. Who also happens to vociferously support Trump, and has been active in COVID denial.

Gosar is a Republican who is lining up against hedge funds.

What the fuck? :lol:

A dentist who doesn't believe in infectious disease and a republican who is against the hedge funds.
 
Hours after
You must be logged on to see external links
there was "no liquidity problem," Robinhood (
You must be logged on to see external links
) drew on credit lines of $500M-$600M to meet lending requirements and separately raised $1B in emergency funding to avoid having to place further limits on trades,
You must be logged on to see external links
.

It's a significant amount of money for a firm that was valued at about $12B just a few months ago, as users .

"We pulled those credit lines so that we could maximize within reason the funds we have to deposit at the clearing houses," CEO Vlad Tenev declared, saying it will allow limited buys of previously halted plays like GameStop (NYSE:) and AMC (NYSE:) on Friday, but will "continue to monitor the situation and make adjustments as needed."

"As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits," Robinhood continued in a . "Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today."
 
monkeytassle said:
He does not indeed. Do you know how citadel pay Robin Hood?
Click to expand...

Robinhood's business model is based on payment for order flow and Citidel is one of the main markets makers it deals with. That info has been in the public domain for a while, Robinhood has had a fair bit of negative publicity for that shady practice as well as other criticisms about the app's lack of safeguards for users.

This will probably finish it, bad news for the venture capitalists that sunk over $200 million into the project.
 
r@mside said:
Robinhood's business model is based on payment for order flow and Citidel is one of the main markets makers it deals with. That info has been in the public domain for a while, Robinhood has had a fair bit of negative publicity for that shady practice as well as other criticisms about the app's lack of safeguards for users.

This will probably finish it, bad news for the venture capitalists that sunk over $200 million into the project.
Click to expand...
Payment for order flow. There we have it. Its banned in the UK fwiw.

It will not end in the US that's for sure.
 
You must log in or register to reply here.
Back
Top