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Message
Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders
Posted on 6/12/20 at 11:18 am
Posted on 6/12/20 at 11:18 am
quote:
@jimcramer
Look, here's what they do, they buy in the early morning and then they flip it to Robin Hood types when the market opens and they make money. It's a game..
LINK
5
Posted on 6/12/20 at 11:28 am to rickgrimes
We call them bagholders and yes this is a game played every day.
Posted on 6/12/20 at 11:28 am to rickgrimes
Jim is solid entertainment but he really doesn’t know what he is talking about
Posted on 6/12/20 at 11:36 am to wutangfinancial
quote:
We call them bagholders and yes this is a game played every day.
Exactly. Nothing new or groundbreaking here. Just more victims.
Posted on 6/12/20 at 11:53 am to rickgrimes
Pros pumping money giving a false sense of security to new investors. "Man this is easy".......then the hammer drops.
Posted on 6/12/20 at 11:55 am to boogiewoogie1978
never buy a stock based on price
there, problem solved
there, problem solved
Posted on 6/12/20 at 1:47 pm to cgrand
I guess I’ve learned a lesson because this is exactly what I did this morning. Thankfully only with $100 
Posted on 6/14/20 at 11:02 am to rickgrimes
I’m no pro but it seems like early morning PM always has ramp ups. Slight falls heading into open and then morning dips. I’m assuming they just swoop in on the dips and then keep rinse and repeating.
This post was edited on 6/14/20 at 11:11 am
Posted on 6/14/20 at 11:35 pm to rickgrimes
I’m trading on robinhood and stick to companies I feel good with. Started when the market was at 18000 I’m up 30 plus percent and have no problem breaking even. I do think people all over push stocks ( Portnoys day trading) hoping his money will push stocks high for them to sell. I like it.
Posted on 6/14/20 at 11:50 pm to GeauxtigersMs36
quote:
Started when the market was at 18000
Congratulations on being the world's best market timer!
Beginners luck?
Posted on 6/15/20 at 7:31 am to GeauxtigersMs36
can someone explain what advantages RH offers that TDA does not?
Posted on 6/15/20 at 7:36 am to cgrand
quote:
can someone explain what advantages RH offers that TDA does not?
Free trades
Posted on 6/15/20 at 7:37 am to reds on reds on reds
Posted on 6/15/20 at 7:45 am to cgrand
quote:
can someone explain what advantages RH offers that TDA does not?
5% margin for RH vs 9.25% for first 25k at tda. Mathematically it makes some sense to use a little margin on RH, but for tda not so much.
This post was edited on 6/15/20 at 7:46 am
Posted on 6/15/20 at 7:56 am to LSUtiger17
TDA is free for all equity trades, and anyone trading on a margin who does not have years of experience in the markets is an idiot. I don’t want to jump to conclusions on something I don’t have experience with but this sounds similar to the credit card companies soliciting college students with charge accounts under the guise of “building credit”
Posted on 6/15/20 at 8:04 am to cgrand
quote:
anyone trading on a margin who does not have years of experience in the markets is an idiot.
Maybe, but you just asked “what advantages RH has that TDA doesn’t.” There are economists who say that 20-30% margin use (with rates below the average total stock market return) will historically produce better results. Notwithstanding the efficacy of margin use, you asked for a benefit and I listed the one that I’m aware of.
I agree that RH makes everything almost feel like a game. Its app is intuitive for younger people and it’s easy to forget that you’re risking real money.
Posted on 6/15/20 at 8:33 am to wutangfinancial
quote:
We call them bagholders and yes this is a game played every day.
It's called New Steal Wisdom. The 4th quarter is where the action really gets going with this.
Posted on 6/15/20 at 8:56 am to LSUtiger17
quote:
I agree that RH makes everything almost feel like a game. Its app is intuitive for younger people and it’s easy to forget that you’re risking real money.
that sounds like an opportunity for others far more experienced to make money off of the dumb/inexperienced. I would t call that an advantage for the average RH user, but again I don’t use it so I really don’t know
does RH require approval to trade options?
Posted on 6/15/20 at 9:40 am to cgrand
quote:
that sounds like an opportunity for others far more experienced to make money off of the dumb/inexperienced. I would t call that an advantage for the average RH user, but again I don’t use it so I really don’t know
Agreed.
quote:
does RH require approval to trade options?
I'm not sure, but I do know that you have to "turn on" a setting for options. I've never experimented with any options.
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