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Started By
Message
The market manipulation makes me sick
Posted on 2/26/21 at 9:06 am
Posted on 2/26/21 at 9:06 am
This morning in pre-market everything in my portfolio was green and charging upward. Between 8:35 and 8:45 everything gave up all gains and plunged red. I mean, the charts look almost identical.
7
Posted on 2/26/21 at 9:10 am to High C
I’d argue that high frequency trading algorithms are to blame for stock correlations being at an all time high. When three quarters of trades are executed by algorithms, stocks are going to tend to move together
Posted on 2/26/21 at 9:20 am to High C
pre-market the 10y Treasury Yield had calmed down and dropped back down around 1.45
soon as the opening bell hit it went back up above 1.49 and threatening for more
soon as the opening bell hit it went back up above 1.49 and threatening for more
Posted on 2/26/21 at 9:21 am to funnystuff
It's been insane. DJ might only be down 2% but my tech stocks are down 50% and have plenty of more room to screw me.
Posted on 2/26/21 at 9:23 am to GhostofJackson
quote:
but my tech stocks are down 50%
Damn, must have had some bad days on some big positions. NASDAQ is not even close to down that much.
Maybe, just maybe there is a real rotation going on with yields going higher. Lots of tech stocks had gotten some extremely high valuations with massive gains. People taking their profits and reducing their risk back into value.
This post was edited on 2/26/21 at 9:25 am
Posted on 2/26/21 at 9:28 am to High C
havent you learned the market is for you to play with its not there for you to gain wealth.
Posted on 2/26/21 at 9:39 am to ninthward
quote:
havent you learned the market is for you to play with its not there for you to gain wealth.
Short term thinking will always leave you broke. Invest and don't look at any for 3 years. I guarantee you will be better off than where you started.
Posted on 2/26/21 at 9:39 am to ninthward
quote:
havent you learned the market is for you to play with its not there for you to gain wealth.
Jesus Christ
Posted on 2/26/21 at 9:45 am to High C
All my stocks have an identical chart every morning this week. It is silly
Posted on 2/26/21 at 9:47 am to funnystuff
quote:
When three quarters of trades are executed by algorithms, stocks are going to tend to move together
Posted on 2/26/21 at 9:48 am to High C
It’s much less about manipulation and much more about the yield curve in the last two days. Watch that and you will see where stocks are going right now. If it continues rapid increase then there will be a move out of equity in the short term. Even at 2.0% yield the market will do well, just not at such a rapid climb up like we have seen.
Posted on 2/26/21 at 11:14 am to ninthward
quote:
havent you learned the market is for you to gain wealth its not there for you to play with.
FIFY
Posted on 2/26/21 at 11:40 am to ninthward
quote:Well you must be investing in the wrong markets, or don’t have a realistic view of how to create wealth over a long-term.
not there for you to gain wealth.
Posted on 2/26/21 at 11:46 am to buckeye_vol
quote:
Well you must be investing in the wrong markets, or don’t have a realistic view of how to create wealth over a long-term.
Well I put all my money in GameStop and dogecoin and lost a shite ton.
No one can make money in the stock market
Posted on 2/26/21 at 1:01 pm to ninthward
quote:
havent you learned the market is for you to play with its not there for you to gain wealth.
It's there to line the pockets of those that have all the information and equipment on wall street. My 401k is just fuel for their fire.
Posted on 2/26/21 at 2:56 pm to dagrippa
The average retail investor was way more disadvantaged 30 years ago and they still made money if they knew how to invest in good companies. Buy em low and sell em high. Long term for too many nowadays means 3 months.
With the internet and disappearing fees the retail investor has more tools than ever to be successful. Try not to get too distracted with the chaotic news and stay true to the companies you believe in.
With that said the manipulation by Robinhood and others with the Reddit stocks was plain wrong and I personally am taking the little money I have in Robinhood and moving it all to my main brokerage which never halted buying of those stocks.
With the internet and disappearing fees the retail investor has more tools than ever to be successful. Try not to get too distracted with the chaotic news and stay true to the companies you believe in.
With that said the manipulation by Robinhood and others with the Reddit stocks was plain wrong and I personally am taking the little money I have in Robinhood and moving it all to my main brokerage which never halted buying of those stocks.
This post was edited on 2/26/21 at 2:59 pm
Posted on 2/26/21 at 5:09 pm to High C
Do you feel sick about the manipulation on the days when everything in your portfolio is green?
Posted on 2/27/21 at 8:39 am to Musashi
quote:The thing that stood out to me from the Congressional hearing last week, was the market makers are habitual offenders breaking SEC laws. Funny, it never, ever makes the news that they are busted holding back the retail investors orders, in order to get theirs thru first, and all that happens is an insignificant fine that does little to curb practices like that. Let's face it, multi billion dollar hedges and market makers have a massive advantage and the government does little to reign in their unlawful practices.
The average retail investor was way more disadvantaged 30 years ago and they still made money if they knew how to invest in good companies. Buy em low and sell em high. Long term for too many nowadays means 3 months.
With the internet and disappearing fees the retail investor has more tools than ever to be successful. Try not to get too distracted with the chaotic news and stay true to the companies you believe in.
With that said the manipulation by Robinhood and others with the Reddit stocks was plain wrong and I personally am taking the little money I have in Robinhood and moving it all to my main brokerage which never halted buying of those stocks.
Posted on 2/27/21 at 9:01 am to Musashi
Posted on 2/27/21 at 9:07 am to High C
The whole market sold off in congruence with the bond yields rising. I'm wondering if the fed can step in and try to get those bond yields under control. But you have to realize we are in an insane time with stocks trading at 1,000x p/e ratios and others that won't have earnings for another 5-10 years that have market caps in the 10s of billions.
I'm heavily invested in tech and got absolutely destroyed this week. Buying all the ARK etfs 3 weeks ago seemed like a no brainer at the time. Let ROKU frick around and fall another 20-25%, I've had my eye on it for a long time.
I'm heavily invested in tech and got absolutely destroyed this week. Buying all the ARK etfs 3 weeks ago seemed like a no brainer at the time. Let ROKU frick around and fall another 20-25%, I've had my eye on it for a long time.
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