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Lol dogecoin today. I just looked at my history, at one point I had 1 million coins and another time I bought and sold 777,000 coins. Wonder how far it’ll go.

https://www.reddit.com/r/Tradingtherapy/

Same with a few malls around here in the Bay Area, but not all. I’m surprised the ones that stay busy actually stay busy even here. Some are definitely dead / ghetto.

Just got an email from Robinhood stating FOR A LIMITED TIME ONLY, they’ll 5 percent match up to $150 any deposits you make. So if you deposit 3 grand you get a free $150. Looks like someone lost a lot of accounts.

I think I can speak for everyone when I say I don’t give a shit about the underlying companies whatsoever. The appeal of them is the built in safety net and repeatability of 10-30 percent profits with almost no downsides when you buy near $10.

I always forget about NKLA since I never bought into it.

Yep. Which based off the hype it’s getting means it stands to be the biggest bagholder SPAC ever if Lucid doesn’t pan out for it.

Holding targetless SPACs at $25 or buying them at $25 is insanity to me. Just be aware you’ve got a massive downside there based on most SPACs and not really a large way up.

Gold and silver up bigly today again. Robinhood unrestricts all stocks, but for some reason are blocking some metals stocks like PSLV. Weird.

True that. I bought BTNB at 12.25 and I’m gonna keep it until rumors swirl and it pops.

Who told all the retards on social media that even if they give the slightest opinion of anything they have to say “I’m not a financial advisor.” No, dipshit, when you’re rambling about short ladders and diamond hands and rockets we know you’re not a financial advisor.

Goes without saying. Never keep through merger. Definitely not the type of securities you keep for months without looking.

$10

Exactly. I was explaining to a friend of mine they could park cash in SPACs and I told them simply to buy into near NAV offerings and take a peek at them on a weekly basis, sell and move around as needed. Low effort, beats interest by a mile.

Well of course, my statement was predicated on knowing risk tolerance and dumping. I've never lost any appreciable money on a SPAC, because in general I'm a low risk investor and I'm happy to take small profits or ditch with a minor loss, and I'm very averse to spending more than $12-12.50 in...

Literally everyone I've explained SPACs to in real life have said this. Seriously, every single one of them. About five people now. There really isn't a downside.

They happen right after I hold a SPAC for 3 months at $10 and get bored of it and sell it.

Troof. If I buy a SPAC at 10-11 and sell at 13-14 I'm generally outta there unless I just see it going up very steadily.

Way above my risk tolerance.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/united-wholesale-mortgage-sees-profit-222400367.html

It’s only a matter of time before they fuck them up somehow. I’m not smart enough to spell out how.

Hey cool. Maybe they’ll read them for UWMC in the coming week ahead of my 2/19 calls.

Average down! 🤪

It’s absolutely become cult-esque amongst millions of people new to trading who hopped on the social media hype. Reading the comments on various sites, it’s clear a plurality of people still holding aren’t well educated in personal finance, let alone the stock market, and frankly, many don’t...

Lol @ UWMC. Record earnings and that stinker drops like a rock. It doesn’t even make sense.

Predicted this on Sunday.

Never buy PMs to flip. They’re long term investments. PMs move in slow somewhat unpredictable cycles. Only buy as a fraction of your overall portfolio. Silver has a good prognosis for the next 20 years due to ever increasing industrial demand. Gold I wouldn’t touch with a ten foot pole. I...

I would not buy into that at this price.

I’m not so sure I’d chase it to $20 based on premarket. Will be interesting to see what it does.

There’s apparently some kind of revolt happening in WSB. Moderators being removed and replaced, top level moderators who haven’t been active in years are coming back out of nowhere to capitalize on media hype and trying to get deals with the press and Hollywood. At least that’s what keeps...

My new game, making ridiculous statements on Stocktwits. They always get comments and likes.

GHIV was one of the most hyped SPACS and it was a major turd. It just never really took off. Touched $14 briefly as I recall. It was kind of a rare case that it didn’t move much.

What a stinkbug that was. Yes, it was GHIV. I sold for a mild profit at like $12.50 before it pre-merger crashed. I currently have about $1500 in calls that were up to $2100 today and should be even higher tomorrow. If the price doesn't move up well tomorrow I'm just gonna sell these 12/19...

It's company specific from my understanding. Is your 401k your own like from your own business, or from a company? I read some companies simply limit what you can do with them.

Darn. I just finally got trading up on Brokeragelink, but it looks like even when self-directed I'm limited. Tried to buy into some SPACs and other things but got a message stating "that type of security is restricted in this account." So much for self directed eh. I'm guessing only things...

Like Fogel said, these get posted all the time. Never really seems to amount to much.

SEC warning on investing in meme stocks. This apparently came out days ago but I’m seeing people post it now. 😜 https://www.sec.gov/oiea/investor-alerts-and-bulletins/risks-short-term-trading-based-social-media-investor-alert

UWMC record earnings out. Stock getting a nice bump but nothing spectacular in AH. Will be interesting to see what it does tomorrow and in European markets tonight...

100 percentile.

For SPACs that is to say $10 a share. The higher you get away from $10 for a buy in, the higher your shares can fall back to $10. Read a combination of Reddit SPACs along with Twitter to see what is both near to $10 a share and which a lot of people are talking about.