Greggs
Well-Known Member
i added to my apple holdings yesterday. Massive sell the news and i love buying a dip! Markets are utter madness. I'm in long on 3 APPL AMZN and CGC. I want to get rich the fair way, none on this pumpy dumpy shit!
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- Thread starter Greggs
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shmmeee
Well-Known Member
Pay day, decided to throw this months fun money on some meme stocks for the lols, and because I’m thinking about trying to get in seriously at some point and want to figure out how it all works.
Signed up for a Revolut account, but says I can’t trade until my application is reviewed. Any one else used this and got any idea how long it takes?
Signed up for a Revolut account, but says I can’t trade until my application is reviewed. Any one else used this and got any idea how long it takes?
Marty
Well-Known Member
Don't bother with Lego imo,
All the smart money is Pokémon cards, Ive been buying up booster boxes for months at RRP and flipping them, can get close to double the RRP already. The new sets are already vastly underprinted, and won't be receiving a reprint any time soon, throw in that it's the 25th anniversary this year and the prices are only going one way.
shmmeee
Well-Known Member
Never mind just got approved.
Am now the proud owner of 0.17 GameStop stonks (well when the market opens). Much portfolio, such invest. Wow
D
Deleted member 4439
Guest
Soon to be 17 stonks, or 0.000000000000000000000000000000000000000017 
Keep us updated!!
Keep us updated!!
Ccfcisparks
Well-Known Member
Fuck it, going in £1000 on GME when the market opens
Ccfcisparks
Well-Known Member
How long did it take for your Revolut account to be approved ShmmeeeNever mind just got approved.
Am now the proud owner of 0.17 GameStop stonks (well when the market opens). Much portfolio, such invest. Wow
Greggs
Well-Known Member
Mate, glad you're ok. Thought you were dead lol
Greggs
Well-Known Member
Ccfcisparks
Well-Known Member
Haha why not Greggs, not feeling it will go up much more? As a complete newbie what do you think is a good amount to start with in trading general stocks. £50?
Greggs
Well-Known Member
Never a good idea to chase money
Ccfcisparks
Well-Known Member
Out of curiosity what trading platform do you use? Want something I can use on my mobile.
Greggs
Well-Known Member
Aj Bell.
The fact you've heard about Gamestop in the news - means the chance has already gone imo. It's a good idea to start investing though mate!! Good luck
jimmyhillsfanclub
Well-Known Member
Anyone who fancies trying to find the next gamestop, then the below might help.
I was sent it yesterday by my mate who over the years has been involved in trading, brokering & banking.
That said, I accept no responsibility whatsoever....just thought I'd pass it on for those who have the knowledge/time/balls for this kinda stuff.
> Look at finviz dot com and sort by "float short" under "screener" and "custom"
Nokia was never a squeeze, they have 1.12% shorts and 5.6 bn shares.
Check for the real short squeezes. GME is the real deal; but check for yourself using "float short" under "screener" and "custom"
Spread the knowledge of how to do your own DD and identify squeeze opportunities.
If the sub gets locked again you'll know what to do.
Don't let them spread us too thinly.
I was sent it yesterday by my mate who over the years has been involved in trading, brokering & banking.
That said, I accept no responsibility whatsoever....just thought I'd pass it on for those who have the knowledge/time/balls for this kinda stuff.
> Look at finviz dot com and sort by "float short" under "screener" and "custom"
Nokia was never a squeeze, they have 1.12% shorts and 5.6 bn shares.
Check for the real short squeezes. GME is the real deal; but check for yourself using "float short" under "screener" and "custom"
Spread the knowledge of how to do your own DD and identify squeeze opportunities.
If the sub gets locked again you'll know what to do.
Don't let them spread us too thinly.
Sorry man, when you see posts like this on SBT, that's when I know it's time for me to get as far away as possible!
Marty
Well-Known Member
Haha, cheers mate, unfortunately nothing that exciting.
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Greggs
Well-Known Member
It's good to hear from you pal! Glad all is well!!
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Deleted member 4439
Guest
Getting into bitcoin now has to be worth it - massive herd behaviour, who knows where it could be before it all crashes. Up 13% on the expectation. If I could be bothered to register, would buy some myself.
Greggs
Well-Known Member
brave man - good luck! I remember a lad - not too bright - used to buy drugs off Silk Road using BitCoin about 10 years ago. I always wonder if he kept some in his wallet for a rainy day!
Greggs
Well-Known Member
you'd have lost 30% so far
D
Deleted member 4439
Guest
One day, maybe. Had to set up an etoro account, and once that had been approved I'd was playing with the cats.
Greggs
Well-Known Member
pre-market action killed any hope of a run today mate. I wish this sort of shit wasn't happening - i thought the markets would settle after the US elections.
dutchman
Well-Known Member
Good luck with that mate! I've tried with two different exchanges and it's like pulling teeth. No matter how much ID you provide them with they always ask for more before they'll let you deal.
D
Deleted member 4439
Guest
Surprisingly, etoro were happy with an out of date passport and a ni number, that's all...
D
Deleted member 4439
Guest
Just been reading an interesting article about how shorters profit from the robinhood herd.
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The most recent study, “Attention Induced Trading and Returns: Evidence from Robinhood Users,” was published in October and examined trading activity of Robinhood from May 2, 2018, to Aug. 13, 2020. They particularly studied “extreme herding events,” where Robinhood traders crowded into particular stocks.
They concluded that during these extreme “herding events,” “the top 0.5% of stocks bought by Robinhood each day experience return reversals on average of approximately 5% over the next month whereas the more extreme herding events have reversals of approximately 9%.”
The conclusion: “Large increases in Robinhood users are often accompanied by large price spikes and are followed by reliably negative returns.”
Why did that happen? The authors noted that most Robinhood investors are inexperienced, so they tend to chase performance. The layout of the app, which draws attention to the most active stocks, also causes traders to buy stocks “more aggressively than other retail investors.”
Finally, the ease of use of the site, and the fact that it is commission-free, may also encourage trading. “As evidenced by turnover rates many times higher than at other brokerage firms, Robinhood users are more likely to be trading speculatively and less likely to be trading for reasons such as investing their retirement savings, liquidity demands, tax-loss selling, and rebalancing.”
Why do stocks that spike when Robinhood traders pile in so quickly drop off? In addition to reversion to the mean, the authors suggest that short sellers are perfectly aware of Robinhood trading patterns. “These reversals seem to be well known as stocks Robinhood users herded into attracted significant short interest,” they wrote.
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who's shorting who?
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The most recent study, “Attention Induced Trading and Returns: Evidence from Robinhood Users,” was published in October and examined trading activity of Robinhood from May 2, 2018, to Aug. 13, 2020. They particularly studied “extreme herding events,” where Robinhood traders crowded into particular stocks.
They concluded that during these extreme “herding events,” “the top 0.5% of stocks bought by Robinhood each day experience return reversals on average of approximately 5% over the next month whereas the more extreme herding events have reversals of approximately 9%.”
The conclusion: “Large increases in Robinhood users are often accompanied by large price spikes and are followed by reliably negative returns.”
Why did that happen? The authors noted that most Robinhood investors are inexperienced, so they tend to chase performance. The layout of the app, which draws attention to the most active stocks, also causes traders to buy stocks “more aggressively than other retail investors.”
Finally, the ease of use of the site, and the fact that it is commission-free, may also encourage trading. “As evidenced by turnover rates many times higher than at other brokerage firms, Robinhood users are more likely to be trading speculatively and less likely to be trading for reasons such as investing their retirement savings, liquidity demands, tax-loss selling, and rebalancing.”
Why do stocks that spike when Robinhood traders pile in so quickly drop off? In addition to reversion to the mean, the authors suggest that short sellers are perfectly aware of Robinhood trading patterns. “These reversals seem to be well known as stocks Robinhood users herded into attracted significant short interest,” they wrote.
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who's shorting who?
shmmeee
Well-Known Member
Not sure any of those are equivalent to GME though, which is spectacularly over shorted it seems. Even the other joke stocks like AMC and BB aren’t of the same ilk. It’s a once in a lifetime event to hear them say it.
Obviously any random stock that gets bumped by social media will return to the norm, but that’s not what’s happening here.
D
Deleted member 4439
Guest
No, this would be short-term trading on minor pumps - see the hype, bet on the price retracting to near hype price, sell on the way down.
D
Deleted member 4439
Guest
For those following the silver short squeeze, the tel-aviv market has opened
TCHF82 Stock Price | Tachlit SAL 4D Future Bloomberg Silver ETF - Investing.com
Get detailed information about the Tachlit SAL 4D Future Bloomberg Silver ETF. View the current TCHF82 stock price chart, historical data, premarket price, dividend returns and more.
www.investing.com
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Deleted member 4439
Guest
Always the question, struggle to get a quote on the first day, or wait until it's done a shed load of placings, then buy
www.theguardian.com
Vaporiser maker to be first medical cannabis firm listed in London
Kanabo issues prospectus for London Stock Exchange after clearance from FCA
Greggs
Well-Known Member
there are plenty of FOMO stocks that the robinhooders chase too, normally speculative ones that they think will hit 10x the second they throw money at it.
Greggs
Well-Known Member
selling 'safe' investments to fund this! It's madness. I'm fearing a market crash.
Greggs
Well-Known Member
usually insiders grab at the IPO and drive it up, let it simmer for a while. Same as AirBnB recently. Good market to be investing in though mateAlways the question, struggle to get a quote on the first day, or wait until it's done a shed load of placings, then buy
Vaporiser maker to be first medical cannabis firm listed in London
Kanabo issues prospectus for London Stock Exchange after clearance from FCA