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

Peter McCormack \U0001f451
Peter McCormack 👑...
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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
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Trader knight
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@Traderknight007
A thread on Pyramiding-


What is pyramiding?

In pyramiding we add on to a position when it is going in our direction. Its basically opposite of averaging down.

MOMENTUM - Success of a pyramiding trade depend on this ingredient, the more the momentum the better pyramiding.


There are many way to enter and exit in a stock-

1. ALL IN - ALL OUT
2. ALL IN - SCALE OUT
3. SCALE IN - SCALE OUT
4. SCALE IN - ALL OUT ( I use this one)

Why traders use Pyramiding ?

More than anything what pyramiding do is keep your losers small and your winners - Big.

Pyramiding in my view keeps your dd smaller as your losers are very small because you enters with only a fraction of what you would have entered Normally.

BUT, not necessarily it should be more profitable than ALL IN- ALL OUT, Where one enters all at once and sell all at once.

HOW TO DO PYRAMIDING-

There are various methods which are used by traders for pyramiding ,while keeping the basic concept of adding onto the strength.

1. PYRAMIDING AND TRAILING BASED UPON STRUCTURE-

In this method we scale in or pyramid the qty when the stock breaks above
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Trader knight
Trader knight
@Traderknight007
How position sizing can affect your trading performance-

Assuming that you are trading a Trend-following system with Big RR and low win-rate.

For example, assume that you risk one percent per trade on a 100,000 account
and you have 20 straight losses.

That one percent is of your remaining equity and at the end of 20 losses, you would be down to 81,790.60.

Now if you got a 30R winner and you are risking one percent of your balance of 81,790.60, your new equity would be 106,327.9,


You’ve had 20 losses and one winner though you are still up 10Rplus your equity is up by 6.3R percent.

Now, let’s say you risk five percent per trade on your balance. At the end of 20 straight losses, you would be down to 35,772.89 or down 64 percent.


If you risk five percent on this amount and get a 30R winner, you would be up to 89,621.48. You are up 10R, but because of your position sizing, your equity is still down over 10 percent.

#positionsizing
#Trading
#nifty50

This is why position sizing is the most important factor in trading if you get it right and you have an edge, you will do good.

Thanks for reading till here.
@AnandableAnand @jitendrajain @quatltd @sohamtweet
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Varsity
Varsity
@ZerodhaVarsity
A 🧵on the basics of block and bulk deals.

Block and bulk deals are large purchases of stocks by investment banks, mutual funds, hedge funds, pension funds, FIIs, and promoters. Tracking block and bulk deals can help give you a sense of what these large players are thinking.

A single transaction where shares more than Rs 10 crores or the number of shares traded are more than 5 lakh is considered a block deal.

Block deals are carried out in separate trading windows. This trading window operates in two shifts of 15 minutes each:

Morning trading window from 8:45 AM to 9:00 AM.
Afternoon trading window from 2:05 PM to 2:20 PM

Block deals happen in different windows to reduce volatility and sudden price movements. Given that they are traded in a separate window, they do not show up on the volume charts.

Brokers facilitating the transaction are required to inform the exchange. You can track bulk and block deals on NSE & BSE:
https://t.co/pwTyzWTnUL

https://t.co/g9BbHiEag3
FINANCE , MARKETINFO , BLOCK DEALS
Nikita Poojary
Nikita Poojary
@niki_poojary
We have shared a lot of threads exclusively on Subasish Pani in the past year.

As this year comes to an end, here are the 11 most powerful threads on Subasish Pani exclusively compiled for you all.

Collborated with @AdityaTodmal

1/ Important concepts from Power of Stocks - Subasish


2/ Important concepts with video links of Subasish


3/ The 5 EMA


4/ The Bollinger Band set-
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The chorus of this song uses the shlokas taken from Sundarkand of Ramayana.

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1 There's a chasm between an NLP technology that works well in the research lab and something that works for applications that real people use. This was eye-opening when I started my career, and every time I talk to an NLP engineer at @textio, it continues to strike me even now.

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Here is my Thread on 'Ketu (South Node) Through Nakshatras' The 27 Constellations 🙏❣.

Do check your “Past life Mastery” which KETU Represents🤞🏻.


1. Ketu in Ashwini Nakshatra:

Here native is Great at Financial Planning, Face reading, understanding other’s mind and intention, Driving Fast they don’t like but they are wayyy smooth over driving Fast. This is also great position which can make native Great Surgeon,

Neurologist, Psychologist.
These natives are Selfless and Sacrifice self for others. They gets Fame and Success but they just don’t care.

2. Ketu in Bharani Nakshatra:

They are good at Flirting, Attracting opposite sex, studing ancient subjects. They are also Great at Creativity and Artistic activities. The are lazy but they are really open minded who handles situations really well.

In Past life they have handles many things which is now helping them to make things easier in this life. They are great Leaders too.

They are really good at Hard work and Smart work both. And yes just as Ashwini they don’t much care about Fame and Success!
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So, today, for the first time in 25 (!) years of Apple, I downgraded. From the 2016 MacBook Pro to my 2013, which I had kept in a drawer...


It was pretty simple to do—Apple Time Machine backups let me do it with one click.

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Thanks, Apple! I really was nostalgic for worrying about yanking my computer off the table.

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SRI SWETHA VINAYAGAR, THIRUVALANCHUZHI, KUMBAKONAM
(TN)
#bharatmandir

While main deity is Shiva as Kapartheeswarar, the kshetram is famous for Ganesha, known as Swetha/Vellai Vinayagar (white Vinayak)

During samudra manthan, Vasuki snake (used as rope) started spewing venom.


Unable to bear the intense heat, Devas rushed to Siva. He told them that this was because the task was started without getting Ganesha’s approval.
So the Devas created a Ganesha murti from white sea foam and worshipped it.
It was later taken by Indra to Indralok.
@GunduHuDuGa


But once Indra had to come to Earth to pray to Shiva to seek relief from a curse inflicted on him. So he brought the murti of Ganesha with him. When he came here, he wanted to take bath before puja. So he gave the murti to a boy to hold for sometime. The boy was actually Shiva.


He kept the murti down and vanished. Indra could not lift it again and a divine voice told him to let Vinayagar stay there and visit every Ganesh Chaturthi to pray.
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