The Brehs of Wall Street (Offical Stock Market Thread)

Egomaniacal1

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Ok... so fellas... what have we learned today?

That old adage, money talks. A collection of rich mofos had a whole lot of REAL money on the line and ain’t going down without a fight or doing some cheat mode shyt....I’ll stop at calling it illegal, for now.
 

RickyGQ

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Just got a bullsh*t email from Robinhood :camby:


It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.

This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.

As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.

:camby: :rudy: To be clear, this decision was not made on the direction of any market maker we route to or other market participants. :camby: :rudy:

The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.
We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.

Thank you again for being a Robinhood customer. We’re so grateful for your support.
Sincerely,
The Robinhood Team
You know they lying cause they would have sent something like this last night warning their customers beforehand.
 

OnFleekTing

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Just got a bullsh*t email from Robinhood :camby:


It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.

This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.

As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.

:camby: :rudy: To be clear, this decision was not made on the direction of any market maker we route to or other market participants. :camby: :rudy:

The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.
We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.

Thank you again for being a Robinhood customer. We’re so grateful for your support.
Sincerely,
The Robinhood Team
They are done
All the media attention has ruined their reputation and caused an exodus away from them.
They are no good to citadel if you don't use the app so they can sell that info to brokerage firms.
 

Trajan

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Frankincense and Myrrh

Kool

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A list of crowd sourced Robinhood Alternatives.

Apps that have not restricted trading


TD Ameritrade (GME back up for trading)

VanguardFidelity (seems to be back up and running right now)

Schwab (tested, works, just flooded with traffic, otherwise quick setup and wire transfers)

EtradeFreeTrade (Hassle-free account creation, 10 minute setup time, instant transfers. Downside- $10/mo fee to use)

SofiUS BANK (has an investment tool, quick sign up, plus since it's already connected to your US bank account, purchasing should be instant)

Navy Federal- Note Quick to make, but bank deposits take several days. Probably not best option for current stock boogaloo, but might be good for PT2 if there is one

Wellstrade (Doesn't seem to be down at the moment, but may have high fees and has past history of suspending stocks due to volatility)


Apps blocking trading


RobinHood

Webull (also blocked GME etc.)

Etroro (GME went down, then it was back up, and now it's back down again, they've put out a statement that they hate joy and goodness in the world)

Cash App (has hidden GME)

Trading212 (Blocked buying of GME)

Merrill LynchIBKR (has blocked GME)

Ally Invest (formerly TradeKing)

Tastyworks (Blocked meme stocks)

StashM1 Finance (Appears to be blocking/has one trade window per day at 9:30am, possible this platform was just not built for rapid trading)

Alpaca (blocked meme stocks)
 

MarcP

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Es2iqyrUcAE-UUu


A few nikkas is definitely loadin up the mossberg right now.:sadcam:
 
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