Trading

[Typhoon]

The_peasants_are_revolting_Wizard_of_Id.jpg (124.8 KiB) Viewed 3383 times

[NapLajoieonSteroids]

The peasants are revolting is right.

Mob-run casinos are fairer. Ignoring all the big guy-little guy emotion this is driving :

what I see is that no one is enforcing the regulations on the books against the hedge funds; they over-extended themselves, screwed up and the reddit kids took advantage of that.

When hedge funds take advantage of screw ups or tank companies like gamestop [it's a dying company but the point of shorting it over 100%+ was to kill is prematurely, right?] it's sheer brilliance and just the way things work.

When retail traders do it it's scary market volatility and must be stopped midstream.

[Typhoon]

The peasants are revolting is right.

Mob-run casinos are fairer. Ignoring all the big guy-little guy emotion this is driving :

what I see is that no one is enforcing the regulations on the books against the hedge funds; they over-extended themselves, screwed up and the reddit kids took advantage of that.

When hedge funds take advantage of screw ups or tank companies like gamestop [it's a dying company but the point of shorting it over 100%+ was to kill is prematurely, right?] it's sheer brilliance and just the way things work.

When retail traders do it it's scary market volatility and must be stopped midstream.

Financial "masters of the universe", self-titled, can only fail upwards.

[NapLajoieonSteroids]

=========================

And Wall Street has just signaled that 4chan, at will, can stop trade of any stock it chooses.




The clock is running out on the old way of doing these things, for better and worse.

The best financial guys around are increasingly the computers and everyone is desperately trying to hold on.

[noddy]

this has been the funniest thing to happen for a very long time.

also depressing, the one sided nature of our system not even bothering to pretend anymore.

[Typhoon]

this has been the funniest thing to happen for a very long time.

also depressing, the one sided nature of our system not even bothering to pretend anymore.

Quite.

Greenwald | The Reddit Revolution, GameStop, and Melvin Capital

[Nonc Hilaire]

Like a comedy horror movie. Good reminder to get your core positions out of the brokerages/dtcc and into certificates.

[Doc]

While recognizing that this is a complete bubble - a classic pump and dump, still

The retail traders are revolting

I was wondering how long it would take before the financial industry moved the goalposts back to "heads I win, tails you lose".

Bloomberg | Robinhood, Interactive Brokers curtain trading in some stocks

This is more than a pump and dump. Even if it had to happen to start out that way (Not saying it did)

Dear hedge fund managers, CNBC, and the like, Guess what I did yesterday? Went to work then got drunk watching anime until 12am. Guess what I’ll do tomorrow if I loose all these gains? Not a goddamn thing different

"Business Is War" -- Post WWII Japanese adage.
"Freedom Isn't Free"

[Doc]

So, what may happen once the ordinary man feels he has exhausted all his option? À la lanterne?

That will come about when all transaction are based on digital currency.

So much easier to control people with it.

The Democratic People's Republic of Wall Street:

Sorry you can't buy anymore of the stock you want. But you can sell it if you want to. However your option of who you can sell it to are now limited to the lowest bidder. Who also happened to use your inability to buy and sell the stock to trade the price down with their cronies.

[Simple Minded]

This is a very complex subject, the explanation of which should only be attempted by a highly trained professional:


d3tySCuhCXk

[Nonc Hilaire]

Looks like the retail trade is being herded towards Fidelity.

[Typhoon]

this has been the funniest thing to happen for a very long time.

also depressing, the one sided nature of our system not even bothering to pretend anymore.

Indeed.

Taibbi | Suck It, Wall Street

In a blowout comedy for the ages, finance pirates take it up the clacker

However, I predict that the goalposts will be moved so that r/wallstreetbets will end up being the ones bent over, grasping their ankles, while receiving a proper clackering.

[Juno]

Paging Mr. Perfect, please come to the front desk, Mr. Perfect

[Doc]

this has been the funniest thing to happen for a very long time.

also depressing, the one sided nature of our system not even bothering to pretend anymore.

Indeed.

Taibbi | Suck It, Wall Street

In a blowout comedy for the ages, finance pirates take it up the clacker

However, I predict that the goalposts will be moved so that r/wallstreetbets will end up being the ones bent over, grasping their ankles, while receiving a proper clackering.

It is almost inevitable. The hedge funds are almost certainly already short on Game stock from close to its high. If it goes up higher than that the hedge funds will get another bloody nose. But how likely is it that it will go above the $483.00 high at this point? It all depends on when the hedge funds are required to cover their shorts. Rumor has it that will happen Tomorrow and Tuesday. When you are required to buy something the price automatically goes up.

Otherwise the likely outcome is that the Hedge Funds will recoup all of their loses thus far. Maybe more than that. This is why they rigged the system and Robinhood and other online trading platforms refused to sell the stock to small investors. Can't have the banksters losing money as they are too big to fail

[Nonc Hilaire]

My unenlightened guess is that this is the beginning of the end for retail brokerages and the personal ownership of individual stocks.

The only option going forward will be owning Blackrock/Fidelity type etf’s. Maybe the pink sheet and five letter penny stocks will survive.

[Doc]

My unenlightened guess is that this is the beginning of the end for retail brokerages and the personal ownership of individual stocks.

The only option going forward will be owning Blackrock/Fidelity type etf’s. Maybe the pink sheet and five letter penny stocks will survive.

Wall street might think that they would love that. Actually I think that is exactly what they are going for. But what they would miss is the estimated $6 trillion in wall street investments they would get if the stock markets were completely democratized. But most of these banksters are of the durian elite class and they will never figure that one out.

Goldman Sachs averages 40% returns PER quarter on their investments while individual investors get % to 8% per year on the stock markets. Which I suppose they means they aren't short term idiots.

[Nonc Hilaire]

The retail brokerage model has aged out.”You will own nothing and you will enjoy it” fits most of the investing public right now. When I talk to my broker to initiate a simple DNS registration with the transfer agent customer service is always unfamiliar with the process.

[Doc]

The retail brokerage model has aged out.”You will own nothing and you will enjoy it” fits most of the investing public right now. When I talk to my broker to initiate a simple DNS registration with the transfer agent customer service is always unfamiliar with the process.

[Typhoon]

An analysis of another betting market.

MIT Tech Rev | The Secret Betting Strategy That Beats Online Bookmakers

If you’ve ever been tempted by a flutter, you’ll know how bookmakers and casinos stack the odds against you. The clearest example is roulette, where there are 36 red and black numbers plus the green numbers 0 and (in the U.S.) 00. So that’s 38 possibilities in total. When betting on red or black, the odds of choosing correctly are 18/38, and a fair payout for a $1 stake is $2.111. However, the house pays only $2 and keeps the difference. In that way, it guarantees itself a profit.

A similar bias occurs in bookmakers’ odds on horse races, soccer, and every other sporting event. The bookies always ensure that the odds are in their favor. But setting these odds is harder than those for roulette because the calculations are trickier.

And that raises a tantalizing possibility. Is it possible to come up with a better way to calculate the odds, and thus beat the bookies?

[Typhoon]

While recognizing that this is a complete bubble - a classic pump and dump, still

The retail traders are revolting

I was wondering how long it would take before the financial industry moved the goalposts back to "heads I win, tails you lose".

Bloomberg | Robinhood, Interactive Brokers curtain trading in some stocks

This is more than a pump and dump. Even if it had to happen to start out that way (Not saying it did)

Dear hedge fund managers, CNBC, and the like, Guess what I did yesterday? Went to work then got drunk watching anime until 12am. Guess what I’ll do tomorrow if I loose all these gains? Not a goddamn thing different

"Business Is War" -- Post WWII Japanese adage.
"Freedom Isn't Free"

ZH | SEC To Crawl Through Social Media, Hunting For Gamestop Manipulation Fraud

Remember when Harry Markopolos warned the SEC - repeatedly - that Bernie Madoff was running a giant ponzi scheme... and the SEC did absolutely nothing, eventually leading to the biggest fund fraud in modern history, with countless investors losing billions?

Well, after the recent reddit revolution sent a handful of highly shorted stocks soaring and blew up a couple of hedge funds while making other hedge funds much richer, the SEC has decided that this time it will be proactive in cracking down on fraud and according to Bloomberg SEC investigators are now "combing social media and message board posts for signs that fraud played a role in dizzying stock swings for GameStop Corp., AMC Entertainment Holdings Inc. and other companies."

According to the report, the scrutiny - which comes following news that a non-recused Janet Yellen will head a task force of financial regulators addressing the recent surge in GameStop and other stocks, as well as silver, and which will inevitably also look at Citadel which paid Janet Yellen US $810,000 in non-conflict of interest dollars for a handful of speeches last year - is being done in tandem with a review of trading data to assess whether such posts were part of a manipulative effort to drive up share prices.

[Doc]

While recognizing that this is a complete bubble - a classic pump and dump, still

The retail traders are revolting

I was wondering how long it would take before the financial industry moved the goalposts back to "heads I win, tails you lose".

Bloomberg | Robinhood, Interactive Brokers curtain trading in some stocks

This is more than a pump and dump. Even if it had to happen to start out that way (Not saying it did)

Dear hedge fund managers, CNBC, and the like, Guess what I did yesterday? Went to work then got drunk watching anime until 12am. Guess what I’ll do tomorrow if I loose all these gains? Not a goddamn thing different

"Business Is War" -- Post WWII Japanese adage.
"Freedom Isn't Free"

ZH | SEC To Crawl Through Social Media, Hunting For Gamestop Manipulation Fraud

Remember when Harry Markopolos warned the SEC - repeatedly - that Bernie Madoff was running a giant ponzi scheme... and the SEC did absolutely nothing, eventually leading to the biggest fund fraud in modern history, with countless investors losing billions?

Well, after the recent reddit revolution sent a handful of highly shorted stocks soaring and blew up a couple of hedge funds while making other hedge funds much richer, the SEC has decided that this time it will be proactive in cracking down on fraud and according to Bloomberg SEC investigators are now "combing social media and message board posts for signs that fraud played a role in dizzying stock swings for GameStop Corp., AMC Entertainment Holdings Inc. and other companies."

According to the report, the scrutiny - which comes following news that a non-recused Janet Yellen will head a task force of financial regulators addressing the recent surge in GameStop and other stocks, as well as silver, and which will inevitably also look at Citadel which paid Janet Yellen US $810,000 in non-conflict of interest dollars for a handful of speeches last year - is being done in tandem with a review of trading data to assess whether such posts were part of a manipulative effort to drive up share prices.

These WallStreetBets types are "financial terrorists on the scale of ISIS". My guess is the Biden admin will sent 25k national guardsmen to wall street to stop future such attacks and build a wall around it.

If only they had sent 25k troops to Epstein's prison to put him on suicide watch before he killed himself.

[Miss_Faucie_Fishtits]

Dogecoin: When A Cryptocurrency Made As A Joke Becomes Extremely Valuable

Vox populi. The voice of the people, or at least the majority of people. I believe that it is a phrase that exists for a reason, as the voice of people can do many things. It can establish and overthrow rulers. It can also reshape society through change and revolution. Time and time again, the voice of the people has proved itself to be a powerful force, and it seems that it has displayed its power once again, and this time, you can hear it in the meme world and the cryptocurrency market, specifically, in Dogecoin — a cryptocurrency inspired by a meme.

https://www.neatorama.com/story/Dogecoi ... QP7pHWpwS8

[Typhoon]

Hutchinson | Back the bros against the hedgies


The cryptocurrency, Dogecoin, receives mention:

Another severe problem for hedge funds is their dependence on outside money and their need to file quarterly returns. Bros do not have this problem; they can therefore just “HODL” for years if necessary, waiting for an investment to come right. The spectacular success, albeit on a small scale of Bro investments in the cryptocurrency Dogecoin is an example of this. Founded in 2013, with a picture of Woofles as its symbol, it was intended as a joke, and subjected to the most intense Keynesian money-printing, so that 128 billion DOGE are now outstanding. For years it languished, even through the crypto-currency bonanza of 2017. However, in the last six months, it has soared to around 150 times its initial issue value and a market capitalization of some $6 billion (while still sporting Woofles – a brand is a brand).

Those Bros who have held DOGE right through have enjoyed a true bonanza; even the Bros who bought in six months ago have made 10 times their money. Hedge funds, subject to quarterly reports of investment returns and meetings with their unimaginative investors, would have sold years ago. The liquidity and price transparency of DOGE and other cryptos is in this respect a disadvantage for hedgies; a private equity fund could have ignored the market price and pulled the wool over its investors’ eyes, making deep meaningful statements every quarter about DOGE’s hidden technological potential and the Blockchain.

[Typhoon]

Plos One | Are Random Trading Strategies More Successful than Technical Ones?

Abstract
In this paper we explore the specific role of randomness in financial markets, inspired by the beneficial role of noise in many physical systems and in previous applications to complex socio-economic systems. After a short introduction, we study the performance of some of the most used trading strategies in predicting the dynamics of financial markets for different international stock exchange indexes, with the goal of comparing them to the performance of a completely random strategy. In this respect, historical data for FTSE-UK, FTSE-MIB, DAX, and S & P500 indexes are taken into account for a period of about 15–20 years (since their creation until today).

[Typhoon]

Speaking of alternative markets . . .