Gloves | 11,791 Administrator · Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, Californication said: Damnit. I tried to buy back gme at 165 and Charles Schwab stopped working for 40 minutes. Unreal. Technology! Link to comment Share on other sites More sharing options...
Kguillemette | 1,545 Posted January 27, 2021 Share Posted January 27, 2021 I'm in on AMC for a modest 8 shares @$16. I don't have the stones to throw real money at this. But AMC is at least a real company with an actual bright future. Let's ride this fucker out! Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 27, 2021 Share Posted January 27, 2021 11 minutes ago, Gloves said: I can handle that. What's a brokerage? Like Fidelity? You're saying not to use Wealthsimple? I say Wealthsimple cuz my money is already there and they have this "Trade" app which LOOKS like it'd be the thing I need, and I can use my money from my existing accounts without having to transfer etc. etc.. You'd say it'd be worthwhile to move $25k to another app for this? If you want to trade individual stocks, then the two "real" discount brokerages are Schwab and FIdelity Personally, I use Schwab (because that is where my 401k is and I got used to their interface) -- Jonas uses Fidelity. They both have their merits and both offer free trades (as well as a good selection of own-brand ETFs at very low fees for the bulk of your long-term money) I don't know much about Wealthsimple -- but I'm assuming it's a newer brokerage looking to capitalize on app-based investing. I guess I'm from another era -- because I couldn't imagine putting 5-figures with some startup-brokerage instead of one of the major discount brokerages (specifically mention "discount" because the guys like Merrill will devour you in fees over the long term). So on that side of it -- yes, I would definitely get a $25k+ portfolio away from an app on my phone and into a real brokerage (which also offer apps if phone-trading is your thing -- I just haven't messed with that, since I prefer to do it from a PC). Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 27, 2021 Share Posted January 27, 2021 12 minutes ago, Californication said: Damnit. I tried to buy back gme at 165 and Charles Schwab stopped working for 40 minutes. Unreal. When was that? GME opened at over $300 today, so no way would $165 get filled. (even in extended trading it was generally well above $200) Link to comment Share on other sites More sharing options...
ThePhleo | 2,185 Posted January 27, 2021 Share Posted January 27, 2021 ... before I get my hopes up. Its not easy, normal, or stable to turn $250 into $350 in a single hour right? I feel like a dumbass for not even using this app after I made an account years ago if that isn’t the case. Someone give me a little guidance before I turn into a Reddit idiot. I’m literally scared to actually get into this world of investing because of the power of memes. If I had an idea of what’s right then I’d put $1000 each in Amazon, Alphabet, Microsoft, Apple, and Facebook, and play around a couple hundred a piece in Tesla, Best Buy, AMC, Walmart, Target, Six Flags, and travel & lodging companies...I would have said pharmaceutical a month or two ago as well. Link to comment Share on other sites More sharing options...
jonebone | 1,307 Posted January 27, 2021 Share Posted January 27, 2021 10 minutes ago, ThePhleo said: ... before I get my hopes up. Its not easy, normal, or stable to turn $250 into $350 in a single hour right? I feel like a dumbass for not even using this app after I made an account years ago if that isn’t the case. Someone give me a little guidance before I turn into a Reddit idiot. I’m literally scared to actually get into this world of investing because of the power of memes. If I had an idea of what’s right then I’d put $1000 each in Amazon, Alphabet, Microsoft, Apple, and Facebook, and play around a couple hundred a piece in Tesla, Best Buy, AMC, Walmart, Target, Six Flags, and travel & lodging companies...I would have said pharmaceutical a month or two ago as well. Then you want a growth mutual fund. Many of those have FB, AMZN, GOOG, MFST, APPL, etc. That's the set it and forget it stable approach, though if the market corrects (crashes), obviously even the best stocks go down. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 27, 2021 Share Posted January 27, 2021 (edited) 8 minutes ago, ThePhleo said: ... before I get my hopes up. Its not easy, normal, or stable to turn $250 into $350 in a single hour right? I feel like a dumbass for not even using this app after I made an account years ago if that isn’t the case. Someone give me a little guidance before I turn into a Reddit idiot. I’m literally scared to actually get into this world of investing because of the power of memes. If I had an idea of what’s right then I’d put $1000 each in Amazon, Alphabet, Microsoft, Apple, and Facebook, and play around a couple hundred a piece in Tesla, Best Buy, AMC, Walmart, Target, Six Flags, and travel & lodging companies...I would have said pharmaceutical a month or two ago as well. There is absolutely nothing normal or sustainable about what any of these few stocks have done in the last couple of days. Even over the course of a YEAR these would be stupendous gains. For perspective a GOOD year in the general market is a 15% return -- and a long-term average is closer to 10% or less (nominal). And over a whole portfolio, you'd expect lower (bonds / cash / etc dragging down the raw stock returns) So seeing 100% PER DAY, multiple days in a row is... unusual, to say the least. There is genuine "mania" here -- and there will be people that lose their shirts from the greed. So for those that want to gamble/speculate on the mania -- just keep your commitments reasonable, and be willing to take a profit -- and keep the bulk of your portfolio growing with the general market in funds that do most of the rebalancing for your. Edited January 27, 2021 by arch_8ngel Link to comment Share on other sites More sharing options...
a3quit4s | 4,103 Posted January 27, 2021 Share Posted January 27, 2021 So Robinhood canceled my premarket buy and all my subsequent buys. Reddit says they are not accepting trades on AMC which makes sense because all the buys I put in today have been rejected or cancelled. I’m pretty pissed about it. Link to comment Share on other sites More sharing options...
RH | 4,916 Posted January 27, 2021 Share Posted January 27, 2021 1 hour ago, arch_8ngel said: If you want to trade individual stocks, then the two "real" discount brokerages are Schwab and FIdelity Soooo, where does TD Ameritrade fit in that list? Asking for a friend. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 27, 2021 Share Posted January 27, 2021 5 minutes ago, RH said: Soooo, where does TD Ameritrade fit in that list? Asking for a friend. I thought they got bought by Schwab and haven't kept up since that announcement. TD is a good brokerage for active trading, as far as I know. 1 Link to comment Share on other sites More sharing options...
RH | 4,916 Posted January 27, 2021 Share Posted January 27, 2021 (edited) Speaking of, I just opened the Ameritrade app on my phone to check my status. This popped up. I guess it's because I have 5 shares. Edited January 27, 2021 by RH Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 27, 2021 Share Posted January 27, 2021 (edited) 2 minutes ago, RH said: Speaking of, I just opened the Ameritrade app on my phone to check my status. This popped up. I guess it's because I have 5 shares. Every broken has been eliminating margin on the meme stocks -- and with pretty good reason. Kind of an odd generic message, though. Edited January 27, 2021 by arch_8ngel Link to comment Share on other sites More sharing options...
Andy_Bogomil | 815 Posted January 27, 2021 Share Posted January 27, 2021 I was fucking around and literally couldn't buy any of the meme stocks. GME, Expr, AMC, etc. were all cancelled transactions. I was able to purchase some BB stock for shits and giggles. Link to comment Share on other sites More sharing options...
jonebone | 1,307 Posted January 27, 2021 Share Posted January 27, 2021 Personally I don't believe in the meme stocks like BB and EXPR, but I do believe in the "meme" stocks with a turnaround story I can get behind. One is a pure speculative play and one has some people that legitimately want to own and appreciate the intrinsic value. That is why I chose to play AMC and not the others personally. 1 Link to comment Share on other sites More sharing options...
Hammerfestus | 3,858 Posted January 27, 2021 Share Posted January 27, 2021 I’ve got a Robinhood account with a trivial amount of money I use for playing. Struggled for awhile this morning getting AMC but finally got a couple shares. Picked up some BB and NOK too but those went right through. It’s all just for shits and giggles over here but it’s all very interesting and now I feel more invested. 1 Link to comment Share on other sites More sharing options...
Andy_Bogomil | 815 Posted January 27, 2021 Share Posted January 27, 2021 I've never been big on investing (have some long-term stuff I don't touch). Always thought of it as a second job since I don't have a lot of interest but I do get a kick out of events like this. Definitely fun to throw a little in the pot just to see what happens and it's not as intimidating as crypto currency. Link to comment Share on other sites More sharing options...
doner24 | 1,197 Moderator · Posted January 27, 2021 Share Posted January 27, 2021 10 minutes ago, jonebone said: Personally I don't believe in the meme stocks like BB and EXPR, but I do believe in the "meme" stocks with a turnaround story I can get behind. One is a pure speculative play and one has some people that legitimately want to own and appreciate the intrinsic value. That is why I chose to play AMC and not the others personally. BB has some long term potential IMO, not the same as AMC or GME. I’m staying away from EXPR. Link to comment Share on other sites More sharing options...
Deadeye | 1,596 Homebrew Team · Posted January 27, 2021 Share Posted January 27, 2021 I bailed on GME at $300 and $375 this morning. Buying in at $92, so I am happy about that. I did take some of your suggestions and bought some AMC ( at $14 and $16). Wish I did it yesterday instead, but better than never though. I have to hand to you all. I really brushed off the suggestions about GME months ago and never looked at it again until it hit ~$40 and came on my radar. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 27, 2021 Share Posted January 27, 2021 (edited) 2 hours ago, arch_8ngel said: When was that? GME opened at over $300 today, so no way would $165 get filled. (even in extended trading it was generally well above $200) $265* Did anyone catch that beautiful dip on AMC? I was working and couldn't make a decision fast enough. Edited January 27, 2021 by Californication Link to comment Share on other sites More sharing options...
jonebone | 1,307 Posted January 27, 2021 Share Posted January 27, 2021 10 minutes ago, Deadeye said: I bailed on GME at $300 and $375 this morning. Buying in at $92, so I am happy about that. I did take some of your suggestions and bought some AMC ( at $14 and $16). Wish I did it yesterday instead, but better than never though. I have to hand to you all. I really brushed off the suggestions about GME months ago and never looked at it again until it hit ~$40 and came on my radar. All who? I was the only GME pumper in here, lol. Everyone else rained on the parade. 2 Link to comment Share on other sites More sharing options...
Deadeye | 1,596 Homebrew Team · Posted January 27, 2021 Share Posted January 27, 2021 16 minutes ago, jonebone said: All who? I was the only GME pumper in here, lol. Everyone else rained on the parade. Just you then, haha. I was amazed at the turn of events. Link to comment Share on other sites More sharing options...
Braveheart69 | 124 Posted January 27, 2021 Share Posted January 27, 2021 (edited) 48 minutes ago, doner24 said: BB has some long term potential IMO, not the same as AMC or GME. I’m staying away from EXPR. THIS 100%! This is all just a game at the end of the day I could see lawsuits fired around on this whole debacle. Ain’t no way anyone can believe in GME or AMC as a long term hold, zero chance. I bought and sold AMC over 2 years ago and made money before COVID, but if anything with video games going digital and everyone owning a big flat screen as they get cheaper and all the new streaming services, GME and AMC have no hope long-term. Get in quick make some money on this joke by all means, but just don’t be the dumbass holding the bag when this all crashes to hell. Edited January 27, 2021 by Braveheart69 1 Link to comment Share on other sites More sharing options...
BreaKBeatZ | 136 Posted January 27, 2021 Share Posted January 27, 2021 3 hours ago, arch_8ngel said: If you want to trade individual stocks, then the two "real" discount brokerages are Schwab and FIdelity You don't think ETRADE is reputable? I used Capital One's brokerage previously but it was purchased by ETRADE a few years ago. Link to comment Share on other sites More sharing options...
Braveheart69 | 124 Posted January 27, 2021 Share Posted January 27, 2021 Just now, BreaKBeatZ said: You don't think ETRADE is reputable? I used Capital One's brokerage previously but it was purchased by ETRADE a few years ago. I’ve had 2 of my accounts with eTrade for over 25 years, and have had zero issues with them. 1 Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 27, 2021 Share Posted January 27, 2021 TD Ameritrade owned by my trading company said they won't be allowing GME or AMC to be traded. Wtf. 1 Link to comment Share on other sites More sharing options...
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