Update: nearly got liquidated earlier. Had to fill a margin call.
Back up to 15k profit, hopefully the $50 wall is broken again today properly. We consolidated at 60 so I’m convinced it’s a matter of market manipulation from the likes of the hedge funds
Hedge funds have dropped the price more than 10% today so won’t be able to short the stock for the entire trading day AFAIK, which is nice. Possible we could see $100/share today
Cycled my meagre investment (basic share trading) and managed to treble my money so am quite happy with that.
If it goes mental again, I might have another shot, but for the time being I’ll have a look at something else I think.
If SEC would move in to stop these people from dark pool trading then we’d probably see quite a lot of price rising, but either way they still lost money. As long as positions are losing them money the squeeze is inevitable
Oh wow, I thought I was stupid with money by dumping 5k into crypto a few weeks ago (technically it’s not a loss if you don’t sell right? ). Glad to see it worked out for you!
I’m not convinced it’s going to go smoothly. Surely institutionals have learnt a lesson or two from gamestop and are going to dump holdings and crystallise their losses earlier in the game and/or trigger a flash crash
It’s not your fault, blame Elongated Muskrat for it
The guy shafted my portfolio too BUT, I have since just prioritised Ethereum as they’re moving to Proof of Stake and won’t be going down a sad road to being “too power intensive” (despite a vast majority of crypto being generated on clean energy, namely in Sichuan where there’s an abundance of hydroelectricity generated)
I mine ETH too, actually
I have about £150 of it (mined, + some extra bought (500?ish)) I think it will be £10k a coin by 2030
I’d be willing to do a breakdown in other threads of crypto and investment holdings but I want to cash my AMC first
For some reason I’m seeing a lot of information that’s conflicting, anything from AMC dropping to $1 to AMC hitting $2500 a share
I personally think it might hit $150-200 next week
Although if it does hit $2500 a share it would be great, I’d take home 2m or so after tax
The plan is though, take any profit (assuming >50k) and pour into Premium Bonds and anything else goes into business building if it’s only a little more or into dividend aristocrats if otherwise.Anything I get then on from Premium Bonds goes into Dividend Aristocrats until it can pay a salary in its own right
After that plan is to just relax and continue my academics and language studies for fun and use any free money to fund projects
Update: Sold @ 18k profit, probably could have squeezed out 21-22k but honestly it keeps faltering now at $55 or so and just squeaks to $59 for 1-2 minutes a day and I just can’t mentally take the stress of babysitting it anymore
No-one ever went bankrupt by taking a profit. I’d be delighted with that sort of return, who cares if you might have got more? You might have got a lot less!
There are people who bought GME and AMC the first time round and could have taken 6- or 7-figure profits, but they held on too long and lost it all. The chances of selling at a stock’s high point are slim to none. Be happy with the money you’ve made. Well done
Thanks Dan I don’t suspect I’ll ever make that short-term profit again and although it does hit me I lost out on potentially 15k, I think “20k is actually very good for a week of my life”
Email card verification and ask for all cards to be removed bar one which you’re comfortable with. No rush with withdrawing straight away, take your time.