BC TRADING
Saved by @ThomassRichards

>more than half of all robinhood users own some gamestop stock
Okay, this is starting to make sense, I'm about to do a massive infodump in the comments, get ready folks.

 The tl;dr is this: Melvin Capital made an overleveraged short on gamestop last week which was floated to 140% of all available shares. Since xmas GME has been doing well thanks to console releases and so on. Few days ago, a new CEO from Chewys got on board and price 2x to $40
A user on reddit, deepfuckingvalue had been holding it and buying various pulls on the stock since last year as a YOLO option with a possible initial investment of $56,000. It has since ballooned to tens of millions if he sells it at all.
So, with that redditor being popular last week as well as the leveraged shorts that Melvin explicitly went on youtube/social media to call resulted in WSB jumping on them for even daring to short it. As such, media attention started to pop up and speculation happened.
On Friday, the 21st, a gameplan was made to pump the stock up to initiate the beginning of a short squeeze and prevent the shorts from profiting for melvin & citron (another hedge fund that also shorted GME). For whatever reason, the stock price jumped up to $69 at EOD.
From there, rampant speculation and info sharing started to leak out from the subreddit/4chan's /biz/ board. People learned about the short squeeze, saw what happened with volkswagen back in 2008, and had a massive fear of missing out as a result. Come Mon-25th, price opens @ 93.
The stock price just keeps inflating and more meme stocks get thrown around (AMC, BBY, BB, NAKD, etc) as a collective lulzy troll effortpost to fuck up the markets and make an impact. Melvin then takes a FURTHER loan to short the stock out even more on tuesday 26th 4th time short
But here's the twist. He takes out a multi billion dollar loan from none other than Citadel and Point 72. https://t.co/Gh0jClJxIK

Citadel makes money from the metainfo from robinhood app (that's why there's no commissions)
https://t.co/DIIvSa3Kty
So these two giants colluded behind scenes to consolidate their collective short/bet for "reasons" on TUESDAY. After markets close, ELON FUCKING MUSK tweeted about the subreddit and the story breaks. Everyone and their mother is hyped for a chance to punch wall street.
So, that's what happened on Wednesday. The stock price BALOONED and held there all day. Lots of crying and shitting and news coverage happened as a result and people were celebrating at how the little guy just might punch the fat cats on wall street with our collective influence
This morning, on Thursday, robinhood and ALL OF THE OTHER RETAIL STOCK TRADING APPS prevented ANYONE from buying GME/AMC&other meme stocks due to "volatility and protecting everyone's best interests :^)" You can sell though *wink wink* >:^D
As such, we saw GME hold for a little bit, but it's since been plummeting and swinging wildly. IF SOMEHOW people can still hodl their stocks and keep the price high, the hedge funds will have to eat absolute shit on Friday as they're forced to continually buy ON THROUGH NEXT WEEK
There's a VERY strong chance reddit/discord/average joes will be the scrapegoat holding the bag at the end of all of this, but if we continue to make moves in the markets (by buying silver which is sorted and will hurt the MAJOR BANKS a lot rather than hedge funds) shit will flow
But here's the outrageous and dangerous rub. The federal government is watching us. The other week, the new Secretary of Treasury, Janet Yellen (gets paid millions to speak 2 WS btw) said they're "considering taxing unrealized capital gains" including "cryptocurrencies)
https://t.co/Yh1mTCeLnn
Here's the link for that exact quote.

If this tax gets passed as a way for the federal government to say "see, we did something for the little guy, we taxed wall street :^)" what will really happen is WS will find loopholes and RH users will pay BIG TAXES
So THANKS BIDEN! THANKS JANNY YELLEN! THANKS WALL STREET! THANKS US GOVERNMENT! THANKS FEDERAL RESERVE! WOWEE WHAT A GREAT FINANCIAL SYSTEM WE HAVE HERE FOLKS, WE SURE DO LOVE OUR GREENBACKS DON'T WE?! MMM OIL BACKED DOLLARS PRINTED OFF GOING BRRRR BETWEEN FED TO BIG BANKS & BACK
So, when all the bets are off the table, when we get banned from social media platforms, when we take action against symbolic institutional buildings of power, when our mom&pop businesses, restaurants and main streets are closed due to covid, when we can't afford rent -
and only get a $1,200 and $600 check from the federal government and told to wear our masks and comply... People take radical action and effectively terrorize the system as a result. Final message: HODL LINE BIG GUYS! WE WILL NOT BEND OUR KNEES! BREAK THE SYSTEM'S BACK
Oh yes, one final post script: Read this thread as well, it's got some intriguing information. This green text explicitly explains just how much damage this play could have on the system if we continue to hodl.
https://t.co/7hmlhOCf7f
COMPOUND INTEREST AND USURY IS A BITCH INNT?
Archived threadreader just in case.
https://t.co/Tkmzt5v0Ra
https://t.co/e8TtFz9PqB
BREAKING NEW DEVELOPMENT. FROM A SOURCE INSIDE THE SECRET WSB DISCORD SERVER. ROBINHOOD IS "glitching" AND PLACING SELL ORDERS ON $GME WITHOUT USERS CONSENT. THEY CANNOT CANCEL ORDER.
>he didn't read the EUA
Updates: Possible collusion between WH and Robin Hood.
https://t.co/sQxTjEabhm
Webull opens up buys for Gamestop stocks
https://t.co/y6Y5PPRktP
But they're a Chinese owned company.
https://t.co/rFuTmA2nVX

This is getting spicy AF.
For legal reasons all of the information contained in this thread is merely speculation, farcical news reporting, and pop culture reference. None of this is financial advice.
"For legal reasons, that's a joke / For legal reasons, that's a joke" -Pewdiepie
Janet Yellen has taken money for speaking engagements with Citadel, the same firm that loaned out for a short sell on gamestop and holds interest in Robin Hood
https://t.co/myEjTC7SxA
See item 29.

More from Trading

Prashant Shah
Prashant Shah
@Prashantshah267
Thread: Parabolic SAR Indicator

Parabolic SAR (PSAR) indicator was developed by J. Welles Wilder.

#PSAR #Indicators #Definedge


The calculation of this indicator is a bit complex, but the concept is extremely useful. I will try to simplify it and explain the logic. I will briefly explain the concept, calculation and reading.

Let us think about creating an indicator that shows the trend.

Using the indicator, we can identify & ride the trend using the trailing stop-loss method.

For trailing the stop in uptrend, indicator needs to be placed below the candle. Similarly, it should be placed above the candle for trailing in a downtrend. We will plot it using ‘dots’.


So, the indicator & stop-loss will be rising in uptrend & falling in downtrend.

Let us define the trend as:

If Low of the candle > Stop-loss level in bull market = Trend remains bullish.

If High of the candle < Stop-loss level in bear market = Trend is bearish

Imagine you are driving a car on highway; you would like to accelerate if the road is clear. You will slow down if the road is bumpy.
TRADING
Peter McCormack \U0001f451
Peter McCormack 👑...
@PeterMcCormack
1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.

2/ The original thread is gone but you can read it here.

https://t.co/cLLNs75rB0

tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it

2 weeks from losing my house + no income. Oops.

3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.

4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information

And if you are trading with leverage you might blow up your account with the volatility.

5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record
TRADING
Advertisement
Trader knight
Trader knight
@Traderknight007
A thread on SCALING IN - OUT METHOD -


What is scaling in - out?

1. Scaling in is adding on to the positions when they move in our favor (Pyramiding).

2. Scaling - out is exiting the portion of the position when the trade moves in our favor.

I have explained about pyramiding in previous tweets.

// Why use scaling out instead of exiting all position at once ?

When you are using ALL - out method where you exit positions at once, mostly you use wider Trail SL as you want to capture big moves and exit all when trail sl hits.

The problem with this method is that either you make too big or many times your medium size winners turns out to become Scratch trades.

So, when we use the scaling out method, we are trying to capture most of our medium size trades , so that they do not turn into scratch trades.

// How to use scaling out method -

Say we have to got a signal to enter in a trade, and we have to buy 1200 qty according to our Position sizing.

So, we have to divide this 1200 qty into parts, how much? It depends on you.

We can divide into 3 parts, each part 400 qty.
TRADING
Investment Books
Investment Books
@InvestmentBook1
Knowledge sharing initiative Book 1 : "Mastering the market cycle" by @HowardMarksBook

This incredible book focuses on understanding why periods of recessions & growth occur frequently wearing lenses of all mkt participants-the economists, the investors & the regulators.

(1/n)


The book tries to explain the human tendency of extrapolating the recent past and the imbalance in defining risk at the time of bear & bull markets. It is this tendency that drives booms & busts.

Here are the Important learnings from the book: 👇

(2/n)

1. Every Asset class goes through a cycle - Up & Down this book teaches why such Up & down occur how to spot them & how investors can improve their returns.

(3/n)

2. Its extremely difficult to forecast Macroeconomic variables like interest rate, inflation, GDP etc there's a reason even Central bankers & Presidents of the country fail consistently at the same

(4/n)

3. In down cycle as prices fall odds are in favor of investors & hence we should invest more & Vice Versa
4. Experienced investors–like everyone else–don’t know exactly what the future holds but they do have an above-average understanding of future tendencies & probabilities(5/n)
TRADING
The Chartians
The Chartians
@chartians
There are more than 5,000 YouTube channel related to stock market learning.

These are Top 5 underrated YouTube channel that will definitely help you in trading and investment.

1st one is our favorite, and you shouldn't miss subscribing to it.

A Thread 🧵:

1/ KA Charts:

This channel belongs to our mentor @KA_charts who has helped us immensely in the stock market, haven't seen anyone yet who understands and read PRICE ACTION.

He handles a fund size of more than 300CR.
One of the best YouTube

2/ Strategic Stocks:

This channel is highly underrated, this channel backtests all the popular strategies of all the top twitter traders for eg 5EMA of Subhashish Sir, Ghanshyam sir 9:20AM option strategy, every top free strategy out there is

3/ Power of Stocks - Subasish Pani

Do we even need to tell you guys anything about this man. We have all seen his journey from making 2000-4000 a day to now making 1 CR a day. Genuine skin in the game guy.

4/ TastyTrade:

Everything about Future and Option Trading is being shared by them. It can be a complete library for a trader who want to learn F&O trading. If you want to understand the vast of world of options look no further.
TRADING

You May Also Like

The Light - Truthpaper
The Light - Truthpaper
@LightTruthpaper
Latest update from @TheBernician

1/19

Hancock, Whitty, Vallance & Ferguson Stand Accused of Pandemic Fraud.

After yet more damning evidence arose last week, further additions had to be made to the court papers, which we are now aiming to lay in the coming week.

2/19

The four defendants will be Matt Hancock, Chris Whitty, Patrick Vallance and Neil Ferguson, each of whom has inextricable and ultimately incriminating connections with Bill Gates and Big Pharma.

3/19

As well as three counts of fraud by false representation and seven counts of fraud by non-disclosure, under sections 2 and 3 of the Fraud Act 2006, we can now also prove that the entire worldwide scamdemic originated on these shores.

4/19

In fact, we can show that, without the dishonest statements and non-disclosures of the four defendants we are initially proceeding against, COVID-1984 would not have transpired.

5/19

Furthermore, the 1st defendant, Matt Hancock, cannot rely upon the defence of Parliamentary Privilege, on the ground that none of the evidence relied upon by the prosecution is capable of preventing parliamentarians from carrying out their lawful business in Parliament.
CULTURE
Panic! in the Discord
Panic! in the Discord
@discord__panic
Neo-nazi group #PatriotFront held a photo op in #Chicago last weekend & is currently marching around #DC so it's as good time as any to compile a list of their identified members for folks to watch for

Who are these chuds?

Patriot Front broke away from white nationalist org Vanguard America following #unitetheright in #charlottesville after James Alex Fields was seen with a VA shield before driving his car into a crowd, murdering Heather Heyer & injuring dozens of others

Syed Robbie Javid a.k.a. Sayed Robbie Javid or Robbie Javid of Alexandria,


Antoine Bernard Renard (a.k.a. “Charlemagne MD” on Discord) from Rockville, MD.

https://t.co/ykEjdZFDi6


Brandon Troy Higgs, 25, from Reisterstown,
EXTREMISM
Advertisement
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRI CHAMPAKADHAMA SWAMY, BANNERGHATTA HILL, BENGALURU (KAR)
#bharatmandir

The shrine is dedicated to Sri Vishnu along with Devi Lakshmi and Bhoodevi.
It is built in an area full of Champaka trees.
As champaka flowers are offered to Sri Vishnu here, it is called Champakadhama.


It is believed that King Janmejaya had sarpa-dosha. To get rid of it, he took bath in the nearby pond. He emerged with a golden body and sarpa-dosha was also removed. The pond is called Swarnamukhi and believed to have curative powers.
Sri Vishnu murti was consecrated by him.


It is also believed that this forest area was the Dandakaranya where Sri Ram stayed in exile.
Some believe that the original shrine was built by Pandavas.
The pushkarni/pond is emptied once a year so that the rock at the bottom (which has image of Anjaneya) may be worshipped.
ALL
Julien \U0001f332
Julien 🌲
@julien
1/ there is this sense when you are young that your accomplishments need to be a list of things that seem impressive to others. A list of several items you did.

This isn't actually right, so here is another suggestion.

2/ I remember being 26 and writing about reading 52 books a year. I wrote blog posts about it. They got copied. It became "a thing." Now it's in Twitter bios. It looks impressive but it's insanely useless and I shouldn't have done it.

3/ what I should have known at that time is that only young idiots like myself, with no accomplishments, find list of tiny achievements impressive. Anyone who has actually done anything of substance doesn't gaf

4/ what is actually difficult, and worthwhile, instead is to do ONE single thing for a very, very long time. It's much harder and much rarer and results in outlier outcomes much more often.

Of course you can find this out too late if you are chasing the dragon of Ted talks etc

5/ if I had only worked on a startup for a year, I would've gotten nowhere, the same way that if you lift for 3 months, it achieves nothing. Everything good in life comes from perseverance, but at the beginning, you're just like "I need to be somebody!!!"
LIFE
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRI LALITHAMBIGAI, THIRUMEYACHUR (TN)
#bharatmandir #navratri2021

Kshetram where Shiva is worshipped as Meghanatha and his consort is Lalithambigai seen in Abhay mudra.
Once, a demon Pandasura was harassing the Devas who went to Devi Parashakti for protection. 
@GunduHuDuGa


Devi rose from a Yaga Gunda, mounted on the Sri Chakra Rath with the name Lalithambika, waged a war against Pandasura and destroyed him.  When her fury did not subside, Shiva asked her to go to Earth, assume the name Manonmani, perform penance and shed her fury.


Shiva blessed Devi to be Shanta nayagi. There is a sculpture here depicting Shiva pacifying Devi. If you observe closely, you can see that from your left hand side there will be a smile on Her face and if you see from your right hand side you can see anger in Her face.


Hayagriva taught the greatness of Lalitha Sahasranama to Rishi Agasthya. Pleased with his devotion, Ma Lalithambikai appeared before Agastya. He is believed to have then sung Lalita Navaratnamala in praise of Devi. He has also composed a hymn named Rahasyanamasahasram.
ALL


Category Partner: Enkryptopedia