I find it slightly comical that my X feed has become 99% focused on investing... But my intentions were to promote discussions on photography.
Guess I'll share a little from both portfolios...
Just got my first normie text about the SpaceX ipo and if they should buy it.
So let me tell you how this story goes:
1. They won’t listen.
2. They’ll buy on FOMO as price likely rises tomorrow.
3. They’ll then think they are Warren Buffet and will already start spending their millions in future wealth they know is coming.
4. Then price will start to drop, but it’s ok because it’s just “the dip before the next rip higher”
5. Then price will make a lower high and then drop below their cost basis.
6. Then they’ll capitulate and sell down likely somewhere between 25-50%
7. Then they’ll text me “man I should have listened to you that shit sucks.”
8. Then I’ll likely start buying $SPCX
9. Then they’ll ask me if they should jump back in when it’s back above where they sold. Probably by a multiple of 2.
10. The end.
Small accounts can now exit positions when they want instead of a day late and many dollars short.
This was never actually stopping degens from degenning. Where there is a regard, there is a way.😂
Great decision by FINRA and the SEC.
https://t.co/LrdqAts1O9
Welcome the CTG Capital Launch
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We are more likely to do things like this if well received.
This video covers:
- upcoming changes
- membership specials
- a peak at what @TheBronxViking and I do on regular basis covering charts
Today we covered: $QQQ $SPY $RSP $MAGS $PLTR $TSLA $NVDA $AVGO $MRVL $RGTI and $AMC
This Friday the “Legacy Memberships” launch.
@alex_tounchi@RobinhoodApp@grok Yes. FINRA and the SEC are completely removing the PDT classification for accounts. You are simply limited by your margin requirements now.
If you need a good laugh today, go read the comments on this post and see how many people think that this is a decision Robinhood is making to steal from their account holders...
How are so many people oblivious to the fact that FINRA and the SEC make these decisions?
📅 Set your reminder. June 4: The PDT rule will be eliminated, and the $25,000 minimum account balance requirement will officially end.
What it means for you: We will be wiping all past PDT flags clean. Soon, customers will be able to trade on Robinhood without worrying about day trading limits again.
@Iam_Right11@RobinhoodApp You do realize the SEC, the governing body, is who decided to remove the entire PDT flag from all investing accounts, right? Robinhood had no say. 😂