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TopicStock Topic $eventeen
Lopen
01/29/21 4:17:39 PM
#453
Yeah. I just didn't mention it in here.

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TopicStock Topic $eventeen
Lopen
01/29/21 4:16:40 PM
#451
I tossed AMC another 9 shares on cashapp.

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TopicStock Topic $eventeen
Lopen
01/29/21 3:50:58 PM
#436
Oh I found it nm

Right by the bitcoin stuff

Let's do it...

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TopicStock Topic $eventeen
Lopen
01/29/21 3:49:36 PM
#433
How do I actually buy stock with cash app anyway. I only see bitcoin in here. Maybe I need to update my app.

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TopicStock Topic $eventeen
Lopen
01/29/21 3:45:56 PM
#430
DoomTheGyarados posted...
Musk drop 2 billion in amc. Do it.

Seriously

I'll buy a Tesla with some of my winnings

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TopicStock Topic $eventeen
Lopen
01/29/21 3:32:03 PM
#425
Save.Us.MUSK

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TopicStock Topic $eventeen
Lopen
01/29/21 3:26:21 PM
#421
StartTheMachine posted...
I've never actually held a call through expiration. What happens if I don't sell it today? Just a 100% loss right? So I should sell even at like a 99% loss just to get something?

Gets exercised if you have funds to exercise and it's in the money otherwise expires worthless

Might wanna wait for the buzzer though if you're selling at 99% loss we've seen nuts things happen with stock prices before

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TopicStock Topic $eventeen
Lopen
01/29/21 3:18:53 PM
#416
I recalled all but 5 of my sold $40 calls to gain a tidy profit while still keeping the option to sell back later. May have lost like $1800 of my $5000 doing this but whatever. (I'd have bought more back but don't have the funds in robinhood for it)

I believe that makes the price go up but I don't recall the mechanics. Trying to do my part!

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TopicStock Topic $eventeen
Lopen
01/29/21 2:39:52 PM
#382
Nanis23 posted...
Same goes for GME from what I read

Can verify this

This is going to blow up in their faces. AMC is gonna go wild on Monday. I kinda wanna buy back my sold calls

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TopicStock Topic $eventeen
Lopen
01/29/21 2:02:51 PM
#358
Sunroof posted...
but isnt it expected to be lower on Monday than it is now?

... no?

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TopicStock Topic $eventeen
Lopen
01/29/21 1:40:08 PM
#351
Hm looks like I can just open both so whatever I'll just open the Roth for now.

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TopicStock Topic $eventeen
Lopen
01/29/21 1:26:09 PM
#349
Ah no that's fine

If I start earning more I start going to the traditional and I can reap both as I choose should I retire

Also since I edited this in after the fact does your spouse's IRA type matter much?

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TopicStock Topic $eventeen
Lopen
01/29/21 1:18:33 PM
#347
Ah okay

So Roth sounds better then I guess

Kinda weird though because I have the potential to work high income, and used to, but I just haven't in years

Can I swap between the two if my situation changes? Also does your spouse's retirement plan actually influence which choice is right?

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TopicStock Topic $eventeen
Lopen
01/29/21 1:11:05 PM
#345
Okay so I gotta know

Roth IRA vs Traditional IRA

When am I picking which. Like I figure I may as well get some tax deductions with my AMC winnings so may as well start now.

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TopicStock Topic $eventeen
Lopen
01/29/21 12:46:18 PM
#341
Like honestly I feel like Robinhood cost me literal tens of thousands of dollars with their garbage. Two fold-- one they tanked the stock with their games. Two they actually had me "hedge" by selling 2000 shares at $13 when I had no intention of doing so under normal circumstances.

If the SEC can make good on that that's great but I feel like it's gonna be a matter of not being able to prove my lost gains. I mean I'd consider it completely fine if they just gave me the difference between Wednesday Market Close and $13x2000 but I'm skeptical I'd even get that.

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TopicStock Topic $eventeen
Lopen
01/29/21 12:09:34 PM
#324
Suprak the Stud posted...
Are you guys using Robinhood still or is there something out there thats better. I was going to use Cash App but thats so limited I dont know if I want to make the switch even with all the bullshit from yesterday

Still using Robinhood for AMC fun because it's time sensitive but am currently setting up an E-Trade account and have transferred most of my money out of Robinhood.

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TopicStock Topic $eventeen
Lopen
01/29/21 11:51:01 AM
#312
masterplum posted...
Calls are kind of scary for something like AMC. I think restricting them kind of makes sense because if AMC drops to pre pump levels people will get completely wiped

They're dangerous if you're buying them. Not so much if you sell them. Which is what I'm doing with my 1400 shares

I am the enemy since I'm selling just they're covered sells. Just wish I had all my shares I would have made like $18k for basically nothing today. As it is I made like $5k (had to exercise my calls to do so which cost me time so the price of the $40 next week call went down)

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TopicYou guys see what's going on with GameStop's stock?
Lopen
01/29/21 11:47:43 AM
#243
So as I see it Doge is the only crypto viable as an actual currency in the real world. Not that it'll happen but you know. It follows real world currency dynamics and not some antiquated gold standard wannabe stuff.

Ethereum you're actually buying solving space which seems potentially useful in and of itself.

Eth is more like an actual gold standard, though probably it'd be a more practical precious metal like Palladium
Bitcoin and most derivatives wish they were a gold standard but are more like if you backed your currency with Thulium. Like it's backed by a finite resource and wont suffer from inflation, great! But it's just an artificial backing that only has significant meaning if people give it that.
Doge is like actual currency and if were widely adopted would be practical. It suffers from inflation by design but that's okay. Maybe needs some refinement in the specifics to control the rate of inflation in a way where mining only when it is worthwhile earns doges but the basic idea is good.

Now perhaps I'm wrong. I'd definitely be interested to know how I'm wrong. I'm sure someone who spent more than a day reading up on all of the currencies can inform me.

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TopicStock Topic $eventeen
Lopen
01/29/21 11:31:28 AM
#302
Here's the problem. AMC literally can't explode today from Robinhood action. They tried to "make good" but they're still making it tricky to buy stock and it's still clearly market manipulation and robinhood is still shit

Here are the current restrictions

1. Can only buy up to 115 shares and 100 options
2. Options for today can't be purchased
3. You can't exercise contracts you bought today

Also a lot of people like myself are transitioning to a different broker and have funds in transit.

Also for some reasons calls are outrageously expensive across the board so it's hard to get skin in the game right now.

So it's hard for robinhooders to move it much even if they want to. It can and will move unless the shorts get out today though (and them covering will make it move a ton either way) and I think they have too much hubris to actually cover. The good news is we kept the stock price above 9 so the earlier week calls are expensive for them

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TopicStock Topic $eventeen
Lopen
01/29/21 11:24:38 AM
#297
WarThaNemesis2 posted...
I know AMC and GME are the big hype stocks, but whoever followed me into Big Five, congrats on the great day.

I sold for a gain of 150% or so pretty good. Maybe I shouldn't have sold but eh. Made a few thousand bucks on it

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TopicStock Topic $eventeen
Lopen
01/29/21 10:24:36 AM
#284
You can't buy calls that expire today on Robinhood for AMC. I bought em 1 week out and exercised some of my $5.5s. It's basically like buying the shares since most of the price of the call is priced in.

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TopicStock Topic $eventeen
Lopen
01/29/21 10:06:55 AM
#280
To get around robinhood limiting my shares I'm buying $1 calls and exercising them.

Now the gimmick and how they save the shorts here is you can't actually exercise a call the same day you buy it which is bunk

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TopicStock Topic $eventeen
Lopen
01/29/21 9:50:25 AM
#274
I got forcibly logged out of robinhood while trying to buy AMC options LOL

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TopicStock Topic $eventeen
Lopen
01/29/21 8:12:05 AM
#226
And by out of the game I don't mean necessarily put it in a savings account or something boring. Just put it in a non-WSB stock or crypto or whatever else

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TopicStock Topic $eventeen
Lopen
01/29/21 8:07:04 AM
#224
Extha I'm a bit concerned about your enthusiasm here since you don't do this much. Like it seems like easy money when the shorts are losing but this can come crumbling at any time with another corruption move

Please follow the same advice I gave moonroof. Reduce your investment to half when you're at +100% and keep that money out of the game. Then you don't risk any money

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TopicStock Topic $eventeen
Lopen
01/29/21 7:39:42 AM
#212
Well if it makes you nervous just follow the rule

For instance if you lose faith at $13 sell 4134 shares at $12.

You want to sell some amount that gives you like a 1k gain and hold the rest through at least next Friday

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TopicStock Topic $eventeen
Lopen
01/29/21 7:33:00 AM
#209
Okay sell 3134 at $16.02 then.

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TopicStock Topic $eventeen
Lopen
01/29/21 7:32:21 AM
#208
Here's my advice.

Sell half at $15. Round up slightly and drop down to say 3000 shares then you know you're up more than your typical EVRI $0.10 sell.

Let the rest ride. Total diamond hands it. You have none of your money in the game at that point. It's all house money so just watch the fireworks.

Trust me. This stock can hit $100 at some point.

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TopicStock Topic $eventeen
Lopen
01/29/21 7:28:15 AM
#205
Seriously though how much do you have in this roof and what's your cost basis

Like how many shares at what price

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TopicStock Topic $eventeen
Lopen
01/29/21 7:26:40 AM
#202
HODL till $30

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TopicStock Topic $eventeen
Lopen
01/29/21 7:18:11 AM
#196
There will be no cool down until blood has been spilt

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TopicStock Topic $eventeen
Lopen
01/29/21 7:14:16 AM
#194
Ready for another day of movies and video games

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TopicStock Topic $eventeen
Lopen
01/28/21 10:15:54 PM
#133
Wanglicious posted...
like bitcoin, litecoin, etc all have a limited amount of supply. doge doesn't, it's literally limitless. if people want more dogecoin they can just make it. as a result, demand can never meet supply.

That's precisely why it has the most value as an actual currency

Work get money. Real world don't work in a way where the currency is limited. You just print money

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TopicYou guys see what's going on with GameStop's stock?
Lopen
01/28/21 10:09:25 PM
#201
As someone who researched the various cryptocurrencies with vague passing interest to invest I felt dogecoin had the most value as something useful to society aside from Ethereum or Ripple

The rest have no value. Including Bitcoin.

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TopicFinal Fantasy Record Keeper Topic 50: Ardyn... the final character?
Lopen
01/28/21 9:07:12 PM
#37
Used $80 of my $150 DOGECOIN profits on FF1 banner using gems

Got Sarah Syncx2
Garland Limit Flash x2
Garland Arcane Dyad
Garland Flash+ x2
Sarah Ultra

Darn I really wanted Garland Sync, Lively Thieves, or Garland Realm Chain

Sucks. Not terrible draws though.

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TopicStock Topic $eventeen
Lopen
01/28/21 8:40:04 PM
#88
DOGE already back down to $0.33

Man I played that perfectly huh

Drinking While Investing

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TopicStock Topic $eventeen
Lopen
01/28/21 8:36:57 PM
#87
I'm actually pretty drunk.

DOGECOIN made me $150 while drinking

I think Beer Money of TNA fame had it right

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TopicStock Topic $eventeen
Lopen
01/28/21 8:23:39 PM
#77
ExThaNemesis posted...
not a financial advisor I just like the stock

I LIKE THE STOCK

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TopicStock Topic $eventeen
Lopen
01/28/21 8:22:42 PM
#75
I sold DOGE at $0.043 for about $150 gain time to lament this in the morning

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TopicStock Topic $eventeen
Lopen
01/28/21 8:03:40 PM
#65
I am trying to sell my TEN THOUSAND DOGE to gain $150 and robinhood isn't letting me maybe they are protecting me and my DOGE will be worth thousands in the morning

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TopicStock Topic 16
Lopen
01/28/21 6:53:02 PM
#497
TEN THOUSAND doge

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TopicStock Topic $eventeen
Lopen
01/28/21 6:31:26 PM
#9
StartTheMachine posted...
politics containment style subtitle

I kinda like that these topics don't use the subtitle thing to be honest

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TopicStock Topic 16
Lopen
01/28/21 5:17:43 PM
#481
I have some limited funds left in robinhood I plan on maximizing the "limited trading" allowed tomorrow. I'll liquidate some positions I was intending to carry over to E-Trade if I have to

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TopicStock Topic $eventeen
Lopen
01/28/21 4:57:33 PM
#3
We HODL all the cards except the ones we panic sold

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TopicStock Topic 16
Lopen
01/28/21 4:48:34 PM
#467
bassistsjk posted...
RH opening it back up tomorrow. Damage done tho, I'm sure

Absolutely. Their userbase is gonna be decimated at the very least. Even if the lawsuits and fines don't pan out I can't imagine many robinhooders sticking with the platform

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TopicStock Topic 16
Lopen
01/28/21 4:39:58 PM
#460
Sunroof posted...
I like that quote Lopen. Might use it myself.

I stole it from Confucius

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TopicStock Topic 16
Lopen
01/28/21 4:37:32 PM
#457
Menji posted...
https://blog.robinhood.com/news/2021/1/28/an-update-on-market-volatility

Looks like RH is opening GME back tomorrow. But will "limit" it, whatever that means.

The man who chases two rabbits, catches neither

Robinhood is just gonna piss everyone off now

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TopicStock Topic 16
Lopen
01/28/21 4:31:39 PM
#447
greengravy294 posted...
Well etrade won't let me buy amc now lol

What is this is this an issue with you or an issue with e-trade

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TopicStock Topic 16
Lopen
01/28/21 4:28:05 PM
#443
What are the odds Elon Musk buys boatloads of AMC and GME to screw the shorts over.

I think that'd be amazing

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TopicStock Topic 16
Lopen
01/28/21 2:07:24 PM
#362
And yes I'd absolutely buy back into AMC at this price if I could. It's going up tomorrow.

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