The Stock Market thread

[hope]

Just now, Snake said:

What app/website do you guys use to start SIPs?

FundsIndia is good. I have 2 SIPs there.

[Bird Bird Bird]

6 minutes ago, hope said:

FundsIndia is good. I have 2 SIPs there.

No direct option on FI I think. 

 

Why go via a 3rd party site ? Go directly to MF's site. 

[rushab oswal]

22 minutes ago, Bird Bird Bird said:

https://news.ycombinator.com/item?id=25941431

 

Holy sh*t. Robinhood and other apps not allowing retail traders to purchase certain stocks after GameStop WS debacle. 

How the f**k is it even allowed ? 

Quite literally the rich saying we can *beep* you, but we will close all avenues if you try to f**k us. 

 

19 minutes ago, kunjanp said:

I am not surprised. "Free market" goes in the dumpster as soon as the large hedge funds need to be rescued. Melvin Capital is on the brink of insolvency.

It's all rigged and this debacle exposed it.

Free market is a myth. Hence proved.

 

10 minutes ago, Snake said:

What app/website do you guys use to start SIPs?

Paytm money. The app is smooth and UI friendly. Can also checkout Coin By zerodha .

[rushab oswal]

Indigo paints allotment aj tha ki kal he?

[Bird Bird Bird]

19 minutes ago, kunjanp said:

I am not surprised. "Free market" goes in the dumpster as soon as the large hedge funds need to be rescued. Melvin Capital is on the brink of insolvency.

It's all rigged and this debacle exposed it.

Rigged at the level of stock manipulation, I understand. Rigged at the level of brokers ? This is like Zerodha stopping me from buying an stocks for no reason, and playing in the pockets of WS/hedge funds. 

[rushab oswal]

Just now, Bird Bird Bird said:

This is like Zerodha stopping me from buying an stocks for no reason, and playing in the pockets of WS/hedge funds. 

Sounds scary AF.

[hope]

3 minutes ago, Bird Bird Bird said:

No direct option on FI I think. 

 

Why go via a 3rd party site ? Go directly to MF's site. 

Direct option as in?

 

There are no charges for investing or any fees on Fundsindia. For Equity,yes like Zerodha.

[Bird Bird Bird]

21 minutes ago, rushaboswal said:

Indigo paints allotment aj tha ki kal he?

 

Abhi allot ho raha. Check after 0000 hours. 

 

18 minutes ago, adity said:

Allow selling though. RH deserves to run out of business for this. Allowing only sell but not buy is clear market manipulation and my fellow autists over at wsb are crazy enough to do a class action against them. 

 

I hope they do. This is quite overt market manipulation. 

[KunjanPSD]

16 minutes ago, Bird Bird Bird said:

Rigged at the level of stock manipulation, I understand. Rigged at the level of brokers ? This is like Zerodha stopping me from buying an stocks for no reason, and playing in the pockets of WS/hedge funds. 

One look at the list of the people who have their assets managed by funds like Melvin Capital and other institutions and you won't be surprised why this is the case.

Robinhood and TG have a history of dealing with inflow order trades and data with many institutions. They are just puppets.

They are only allowing to close the positions and not buying into new ones, to stop the hike and then the after market hours come into play to pull the price down.

[KunjanPSD]

Also it's quite clever to just allow closing of positions. Who are you gonna sell to if buying is not allowed?

They are just trying to force people's hand into putting up selling offers for a discount and pull the price down.

Edited January 28, 2021 by kunjanp

[Bird Bird Bird]

31 minutes ago, hope said:

Direct option as in?

 

There are no charges for investing or any fees on Fundsindia. For Equity,yes like Zerodha.

They act as brokers. You will get lower remittance with the usual funds vs direct options. Nothing will be charged now. Difference during redemption. 

 

Also @kunjanp

 

 

[KunjanPSD]

1 minute ago, Bird Bird Bird said:

Also 

 

 

Lol, sab soch lia inn Reddit walo ne.

I think expiry is coming soon in US? About 15-25M of the shares have to be delivered by the short sellers. Very interesting times ahead.

[hope]

9 minutes ago, Bird Bird Bird said:

They act as brokers. You will get lower remittance with the usual funds vs direct options. Nothing will be charged now. Difference during redemption. 

 

Also @kunjanp

 

 

Ah ok. Thanks for the info. Will keep in mind while investing again

[KunjanPSD]

16 minutes ago, adity said:

Short sales don't have expiry. That's a false narrative being spread by the big boys. 

I mean futures, not equity or options. Most of these short sellers must have dealt in futures and not straight equity.

[KunjanPSD]

Just now, adity said:

They did equity. 

Equity must surely be a part but for sure there will be people who used futures and options. Especially naked shorting.

[KunjanPSD]

I think all of these restrictions on trading are to just buy time for these institutions to hedge their bets. Most will be looking for a price at which they can buy and nullify their position and reduce downrisk.

[muathaz03]

so nobody does intraday here? 

 

would love to have some company for sharing daily loss porn. 

[Bird Bird Bird]

So Americans can't buy GME, but Europeans and Koreans and who not are still pushing up the stock as much as possible. 

Wow. This is awesome ! 

Reading WSB right now. Feels epic. 

[Bird Bird Bird]

Just now, muathaz03 said:

so nobody does intraday here? 

 

would love to have some company for sharing daily loss porn. 

And that's exactly why I stopped derivatives. Intraday and BTST. 

[muathaz03]

2 minutes ago, Bird Bird Bird said:

And that's exactly why I stopped derivatives. Intraday and BTST. 

burnt my hands with scalping options. but equity intraday with proper risk management still seems doable. however since the past 1.5 weeks volatility is off the roof and swinging up and down like nothing. just when i thought i finally had a grip, the next two weeks end up like this.