It’s 3.30am and I cant sleep tonight

Microsoft
mahatma g

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mahatma g
Jan 29, 2021 41 Comments

I am so frustrated and I feel so betrayed because I got mislead by Robinhood and lost my trust in the financial system today. I lost a few thousand dollars when I panic sold today when AMC hit 7 usd. I couldn’t deal with the stress anymore and removed all my exposures in AMC and BB and took the loss, but I am not angry because I lost money - a few thousand dollars is only a small fraction of my TC - but I am angry because I was a victim of a scheme and I felt betrayed. How did I trust to put so much money in someone else’s hand? Why do they think it’s okay to manipulate the market in this way to transfer our wealth to their hedge fund buddies? It’s so unfair and evil. I can’t help but think about it for the whole day. I haven’t had dinner and I feel like I am getting triggered into depression. What can I do to finally sleep? I took more than 5 sleeping pills and It’s 3.30am right now and I am still fully awake :(

TC: not relevant right now

EDIT on Friday PM: I want to clarify that it’s not the loss that troubles me. I accepted the risk when I entered the positions. What I hated was that they removed retail investors from buying, thus removing a significant proportion of investors who would be providing price support otherwise (through limit orders). I am angry that they manipulated the market by removing demand, with only sellers left in the market. Econ101 tells us that if demand is lowered, artificially in this case, while supply remains fixed (we were still able to sell), the price would drop. This is textbook market manipulation. I have held my stocks and bitcoins when it dropped during covid-19 but that was a macro factor. This time is different. It is caused by the market makers (with RH as the big player). RH intervened on their own assessment, not the government or the SEC, and they duped us.

#personalfinance #marketmanipulation #mentalhealth

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TOP 41 Comments
  • New
    pelmeni

    New

    pelmeni
    Jan 29, 2021 0
  • Amazon
    LUX1E

    Go to company page Amazon

    LUX1E
    If you don’t like losing at gambling, or can’t afford to lose what you’re investing in AMC or GME, then don’t do it.
    Jan 29, 2021 5
    • This goes so much further than that. This is like playing poker in a casino, and right before your play someone just walks by and takes one of your cards, and nobody does anything about it.
      Jan 29, 2021
    • Actually it’s more like you pulled the card out of your pocket to win the hand, and the house took the card from you.
      Jan 29, 2021
  • New / Eng
    jMgY20

    New Eng

    jMgY20
    Two emojis: 💎✋
    Jan 29, 2021 2
    • Citadel
      i1i1i1i1i1

      Go to company page Citadel

      i1i1i1i1i1
      Too late for OP, but I am holding. F 🩳
      Jan 29, 2021
    • New / Eng
      jMgY20

      New Eng

      jMgY20
      Real estate will be expensive in pluto, better start on em futures 🚀🚀🚀🚀
      Jan 29, 2021
  • EY
    Op3c

    Go to company page EY

    Op3c
    You fell for the okie doke and did exactly what they wanted you to do. If you can't deal with a hold and market volatility this isn't the game for you.
    Jan 29, 2021 0
  • New / Eng
    undef1ned

    New Eng

    PRE
    rapidBizApps
    undef1ned
    Most are frustrated with what happened today. Moving on is the only game unless you want to fight invisible enemies who run these systems.
    Jan 29, 2021 0