Gamestop explained (so far)

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JohnDB

JohnDB

Well-known member
#61
Jan 16, 2021
6,191
2,509
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#61
T_Laurich said:
Agreed.

Most people hate politicians because they seem to do nothing and make money...

Personally I hate bankers and PM's (portfolio managers). They literally do nothing and take your money.



Let's say you want to buy XYZ at $20. You are watching the price and it gets to 19.50, you put in the buy at 20.00 and instead of hitting 20.00 you bought for 20.30...

How is this?

Firstly they use algorithms (computer programs) that see you bought at 20.00 what they do is buy the stock first by cutting in line and sell it back to you at 20.01. Issue is there are dozens of machines doing this to your trade. This is how you ended up with a higher buy price.

Secondly, the price you see on yahoo, your phone, cnn, anywhere is fake.
This is roughly a 30second delay on the NYSE that interpolated the data as a linear path.

So when you bought for 20.30 another program took that trade you just made, shorted it and sold it at the real price of 18.00.

But you are not allowed to see the real price.




So when you buy XYZ at $20 thinking its 5 below market value.

In actuality that stock is worth $18 and they are making $2.30 for everyone who buys at this price.

This is not a joke, this is legitimately what is going on 24/7 with pensions, retirements, everything.
Click to expand...
The market is always in motion...

And where I hoped today it wasn't making any bold moves it was and I lost $200 on a last minute swing that wasn't showing up yet.

It happens. I shoulda moved quicker... so I only ended up $40 instead of $240.
It happens to everyone including me.

I can whine and yell and blame shift all day long and get nowhere for the expended emotions. Except I will alienate people I need to work with...
And that helps no one... especially me.
 
T_Laurich

T_Laurich

Senior Member
#62
Mar 24, 2013
3,356
122
63
30
#62
JohnDB said:
The market is always in motion...

And where I hoped today it wasn't making any bold moves it was and I lost $200 on a last minute swing that wasn't showing up yet.

It happens. I shoulda moved quicker... so I only ended up $40 instead of $240.
It happens to everyone including me.

I can whine and yell and blame shift all day long and get nowhere for the expended emotions. Except I will alienate people I need to work with...
And that helps no one... especially me.
Click to expand...
I messaged you, somewhat related to the conversation.
 
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