/biz/ - Business & Finance

>>27360678
You are the dancing queen
Young and sweet, only seventeen
Dancing queen
Feel the beat from the tambourine, oh yeah
You can dance, you can jive
Having the time of your life
Ooh, see that girl, watch that scene
Digging the dancing queen

>>27361588
Ok anon thx. Do you have any answers to the questions?

>>27361899
Set sell limit order instead of market order. Make it at least 1000$

>>27360678
bumping for halp plz

>>27361588
abba is boomer shit

>>27363658
If you set a sell limit order you have to guess the right range though right? If you set it for $2000 and it goes up to $5000 you lose a lot right?

>>27363930
If you have multiple shares, say 10 that you bought at 300$ you should set a limit on 3 shares at a "reasonable" price like 1k to cover your loses. Then set the rest to a higher number like 5k. If you only have one share just set it to an absurd number and hope it gets there.

>>27360678
This happened to VW in 2008. The short squeezer only lasted for 2 hours

>>27360678
>Everyone is waiting until the moment the short sellers start buying and the price goes way up to all sell their shares at once right?
That already happened
>How long is the price going to stay high for?
-4 days
> How do you be sure to be there to sell right then?
Experience.
>Do you have to sit and watch the stock price all day every day maybe for weeks until that happens so you don't miss that moment?
Yeah, you shoulda
>If you buy the stock and then the big price rise happens the same day isn't there a rule against selling it the same day unless you have $25,000 in your account?
no
you can't make 3 day trades with under 25,000 per week or you get locked for 90 days. You keep all your profit tho.

>>27364612
Do you agree with the other anon then that you have to put sell limit orders? Or do you sit and watch it all day every day so you don't miss that 2 hour window?

>>27364814
You think the squeeze already happened?

If you can make less than 3 day trades then buying it and selling the same day is ok then? Only 2 trades, not 3?

>>27364875
I wasn't trading in 2008 but I would suggest a limit order and also keeping a tab open so you can watch what's going on. I'm assuming if this squeeze actually happens most trading sites will crash

>>27365085
The squeeze already happened. Anyone who's played this rodeo before will tell ya.
This squeeze was kinda unique because the pump and dump artists were able to convince a large portion of bottom rungs of the pyramid that there was an attached ideology. Which is convenient since the crash gets protracted and you don't need to wait for a tiny window.

But yeah, wall street isn't changing their strategies. Retail simply doesn't have enough liquidity to maintain the price. CNBC had a good article about it on friday.

>>27360678
> It’s unlikely anyone is selling. This is a short ladder. It only looks like the stock is selling off, ini reality, it’s not. Hedge funds sell back and forth with one another at lower and lower bids in rapid succession, tricking algorithms into thinking there is a mass sell off when there actually isn’t. (They do this to scare off retail investors to engineer a sell off). Once the attack is over, the stock will normally go back up due to its demand. Then they will rinse and repeat their attack, each time hoping to chip away more and more retail investors. Most people in here know this, so if retail investors are selling, it’s unlikely that it’s anyone at all

>>27364875
buddy, youre going to have to make some decisions for yourself in this life. cant just do what other people tell you, especially if youre into stocks. maybe 40 hours a week in a box office would be more your speed.

>>27366068
Or
>"WOWOWOWOWOWOWOOW I MADE 1 MILLION WITH MY KWANZA MONEY!!!"
>cashes out because they don't understand how
Its very likely human nature hasn't changed in the last week and a half and human beings are still too greedy to put 10x the amount of money they've made in their entire lifetimes behind a bunch of memes made by sociopaths and trolls.

>>27360678
no one knows anything. if they claim to, they're full of shit. it's all up in the air

what keeps the short sellers actually from opening a new short position and closing the old short position with the money from having sold the new short? rinse and repeat and after a while they covered all their old shorts?

>>27360678
>the big price rise happens
This isn't happening. It's only going down.

>>27367350
That's just averaging down but on the sell side.

>>27367739
aight, but doesnt that mean that there would be no squeeze and they'd make their profits once the price falls eventually

>>27368044
yes

>>27363864
>abba is boomer shit
No, Beatles are Boomer. Abba is Generation X.

>>27367350
There's no more shares available to short with. Every share lender is already maxed out, and even if some shares come available the fees and interest are outrageous.

>>27368223
but how do we actually know that? there is a ton of conflicting information circulating right now

>>27368044
Well yeah, that's what's currently happening. Some of the bigger hedge funds had to to cut losses, but if I had some shorts on GME at $19 and it spiked to 500 I'd just sell more. Any trader would so long as they had the capital.
All the people laughing and saying
>look they tripled down!!!
Don't understand that traders don't have a responsibility to stakeholders like a hedge fund. I can stand being 200,000 in the red for a few weeks because when I know for a fact I'll be right eventually. I'm not gonna panic and chimp out. Its not like I'm trading on margin and the amount of money I'd make on the way down would be unreal.

>>27365956
Why do people say there is more than 100% shorted still so the squeeze didn't happen yet?

https://isthesqueezesquoze.com/

>>27366068
Not talking about current price. I mean when the squeeze happens and price moons.

>>27366543
Not asking about decisions. Literally asking how to technically make the trades work and not miss the point when it's time to sell.

>>27368134
gen x best music

>>27368223
You really have absolutely no clue what you're talking about

>>27364875
limit order at $400 last thursday was the move. sorry.

>>27369381
>https://isthesqueezesquoze.com/
Wow people really worked hard at this pump and dump. Gamestop is not a company with growth in the foreseeable future. It doesn't make sense to own its shares. Ergo high percentage of float being shorted is par the course.
Would you buy the "TrumpWins" token because its short float is high?

>>27364875
just because it happened over the course of 2 hours in 2008, doesn't mean it will now either. with how far tech has come along, I wouldn't be surprised if the flash to almost 500 was all we get.

>>27369969
>because its short float is high?
this is why people are talking about every other stock. they think shorts are a magical thing they can abuse for money

>>27364612
There’s no time axis on that chart you fucking imbecile. The squeeze lasted between October/November 08 and peaked for atleast a few days.

>>27365085
dont listen to kike boomer, they are laddering price down, just hold till Friday and watch them come on their knees

>>27360678
>finally asking the obvious questions
man it's gonna be glorious when this stuff starts to dawn on the rest of the dimwits and all the GME threads turn to straight panic.
>what do you mean someone has to buy these overinflated shares from me for me to make the money I saw in my portfolio???

>>27370132
The irony's gonna be that none of them short the Crazy Covid Bubble because they think shorts are evil and bad and miss out on the Big Short 2.0.

>He held?

>>27369381
>not miss the point when it's time to sell
Its guesswork. You dont have instant access to the size of open short positions so you cant time it with any reasonable accuracy. Do a bit of research into the size of GME shorts and what happened in the VW squeeze of 2008. Come up with some numbers that you think are reasonable and set some of your sells there.

>>27370448
I wish I could do bigger plays with my money. but I'm too small of a fry. I pulled out my initial investment on gme already, just waiting to see where it rides out. only have 2 shares in it at this point anyways.

>>27370880
its actually a learned skill. I traded biopharma for awhile. The correct time to sell is reflex that you can hone like an athlete. You just need to lose a lot first.
I once sold the absolute top of some call options for a 32,000% gain. Best feeling of my life, knowing that I sold the very highest price of something on Wall Street.

>>27363930
No, you earn a lot because you bought it for less than $2000.

You'll never be able to time the market so it's better to just cash out when you're happy with the amount. Otherwise you're gonna get left holding the bags at the end.

>>27368561
Just try to short GME and see how ridiculous it is.

>>27369578
Show me a short lender with single digit fees and interest. You can't. They don't exist right now.

>>27365956
>Retail simply doesn't have enough liquidity to maintain the price.
Because retards fucked up the strategy. This only worked if they focused on one stock, all agreed to NEVER sell. The plan only worked if the squeeze got squoze so hard it broke not just Melvin and other shorties but their clearing houses, and larger banks backing the trades as well.
Too many people bought in low, cashed out a healthy profit and then held a few left over for the “squeeze” that already fucking ended. When you exited part of your position to cover your own risk you let the hedgies off easy and allowed them to cover.
They will probably make a lot now dumping bags and cover those initial losses and then some. The AMC, NOK, and Silver scams are also good ways to convince retards to sell their GME and hope to jump on the next big thing even though there’s nothing there.
Redditors had hedgies by the balls, let go, hedgies walked out the back door, and then walked back in the front with a Groucho Marx Moustache on and started pushing them to blow their cash on worthless bags now that they have doubled down on their shorts with an absurd strike price.
Why do you think articles started coming out about how “Wall Street is super scared now”. “Wall Street says don’t buy game stop because it will make you too rich!”

>>27371720
I meant you miss out on a lot more you could have gained. No you can't time in general. But if you are watching it second by second when it's going up you can aim to sell at a moment where it's seeming to stabilize. If you have to do a sell limit order ahead of time you're completely guessing.

>>27365956
>>27369083
>>27369969

This anon is 100% right and you retards need to realize "keep HOLDing the squeeze is coming" is a manufactured meme to keep the price high enough for them to sell. Wall street was ahead the entire time,this was never a poor vs rich scenario.

>>27373692
With 140% short interest a short squeeze was inevitable even if nobody knew about this in advance. Eventually some fund would cover, raising the price, inducing another fund to cover and raise the price, on and on until GME hit double or triple digits in price. The squeeze was exacerbated and started early by people finding out about it and accumulating, but the shorters are REQUIRED to buy in at some point. Melvin supposedly capitulated but they weren't the entire short.

I'm confident that even if retail trader capitulates, that GME will still have a short squeeze. I will wait to see the short interest ACTUALLY drop, rather than blindly believe S3's new bullshit statistic. I WILL get paid blood money at some point for my 5 GME shares OR I will ride it down to zero, I don't care.

>>27374990
How do you plan to know when to sell? Will you sit all day watching the price even if it takes a week or more? Set a sell limit for some number and live with it even if it goes much higher and you could have made more?

>>27375614
You don’t sell. You squeeze till the whole system pops.

Who said anything about selling