Original Interview On Meet Kevin's Channel:
https://www.youtube.com/watch?v=ERb7mkidFQY&t=1747s&ab_channel=MeetKevin
Check out our second channel WSM Research:
https://www.youtube.com/channel/UCQUOscigSQWCVG8m-ZC8wiw
Check out our video on the Robinhood clubhouse interview:
https://www.youtube.com/watch?v=gK4vDAcJ5-o&t=629s&ab_channel=WallStreetMillennial
Follow us on TikTok and Instagram:
https://www.tiktok.com/ @wall_street_millennial?lang=en
https://www.instagram.com/wall_street_millennial/
In this video we go over a recent interview of M1 Finance CEO Brian Barnes on the Meet Kevin youtube channel where he spills the beans regarding Robinhod's decision to ban buying of GME stock at the height of the short squeeze.
#WallStreetMillenial #Robinhood #GME
Music courtesy of:
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
If you ever see a scam comment, reply with this to warn others:
🚨 SCAM ALERT 🚨
https://www.youtube.com/watch?v=ERb7mkidFQY&t=1747s&ab_channel=MeetKevin
Check out our second channel WSM Research:
https://www.youtube.com/channel/UCQUOscigSQWCVG8m-ZC8wiw
Check out our video on the Robinhood clubhouse interview:
https://www.youtube.com/watch?v=gK4vDAcJ5-o&t=629s&ab_channel=WallStreetMillennial
Follow us on TikTok and Instagram:
https://www.tiktok.com/ @wall_street_millennial?lang=en
https://www.instagram.com/wall_street_millennial/
In this video we go over a recent interview of M1 Finance CEO Brian Barnes on the Meet Kevin youtube channel where he spills the beans regarding Robinhod's decision to ban buying of GME stock at the height of the short squeeze.
#WallStreetMillenial #Robinhood #GME
Music courtesy of:
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
If you ever see a scam comment, reply with this to warn others:
🚨 SCAM ALERT 🚨
The guy from robinhood sucked at explaining shit, just tell people, the clearing house that they used forced them out of the blue to raise a billion of capital before they will let our trade for the stocks pass, how hard was there?
clearest explanation i've seen so far. thank you.
Its their own fault for shorting something, you took a bet. Thats the problem with shorting something, you can go insanely poor, very quickly if the stock goes up.
I get the distinct impression that sometimes RH doesn't really know what it's doing.
So basically short sellers were making bets which they had no intention of paying out if they lost, since they did not have the money to pay up in the first place.
Already knew this, but fucking vlad should should of just explained the clearing house issues with dtc it wasnt illegalto explain it. It just made em look bad by avoiding the dam question. I don't use R.H. tho
if ur trading w RH u r trading gainst urslef. they buy 1:1 off exchange
they can hand citadel ur shares immediatley if hes short hes shorting ur shares as soon as u buy
This is like asking the ref to end the fight because you're losing. Can retail traders ask to pause markets if we start losing? No. If I have risk of going bankrupt will system do anything for me? No.
This is unfair and straight up BS
So in a way that it is saving the hedge funds that are doing the wrong thing. No this is stuff is wrong. All parties involved such as the DTCC and hedge funds should be all held accountable. it should not have been allowed to short 100% on the first place.
It was all ok for decades when the insiders were the one's making the big bucks. Spin that around and all of the sudden it is a problem. If there is some kind of bailout or attempt to spread the risks/costs beyond the real culprits, it will cause serious problems.
When they short a company into oblivion: "The market works! We're taking out the trash!"
When their bullshit naked short gets called: "You're destroying the market! It's manipulation!"
Take a good look at "fair market" practices folks.
so they all know there's a flaw in the system but never bring it up
Just occurred to me that Vlad's statement was, in fact, not a lie. "We had to take moves to protect our *customers*."
Who are Robinhood's customers? Not retail. Ohhhh, no. You're retail? You're the product.
Robinhood was, in fact, protecting their customers, the people that actually pay Robinhood for orderflow.
They were definitely protecting their customers.
No, all this happened because a stock was shorted 140%. A stock should not be able to be shorted more then 50%.
it doesn't make me too mad because the hedge funds that were buying the options to squeeze the short sellers were the real winners, and they are by definition not the "little guys"
this was a dumb video, it didn't expose anything! it showed that if you were with M1, Robinhood or any other small investment platform that you are vulnerable because these small funds can run out of money to cover your investments. Vanguard never stopped selling GME. Learn people don't trust your money to a back ally brokerage!
Imagine being a hedge fund manager, knowing that the system will always protect you if you're on a verge of going bankrupt, and even if you do go bankrupt – you're going to be bailed out.
Did you say and everyone is happy? So the people that wanted to buy stock were happy they could not? Sounds like people were protecting the idiots that were shorting a stock 140% .
When I got my Series 7 license the first thing they teach you is that if you short, you can sustain UNLIMITED LOSSES. They knew the risk. It’s why I refuse to short stocks. It’s irritating to see how they protected the hedge funds on this. Small-time traders should do this more often.
Every trading app got their rankings back at playstore. How the f… is that normal? If i rated it 1 why delete it? They make every aspect of it fake and manufacture their own reality.
I wish/hope they REALLY REALLY bleed for this, in a right world they should go to jail for this. But ironically it's probably yet again an example of any publicity is (in the end) good publicity.
he's looking kinda pale lol
So these shorted brokerages just can't cover because they didn't minimize their losses once they realized the squeeze was on? They continued to hold knowing this would happen? Gross!
As far as we all should be concerned……
All brokers and liquidity providers who choked the 13 stocks effected should have their licences revolked.
The only entity that should be able to restrict trading on a stock is the exchange.
Everyone should close their Robinhood account.
See how they like a squeeze……
Vlad the dubious
Im still confused. Can someone simply break this down?
Why is it allowed for the brokers to lend customers shares for w profit ? I mean if I sell a call I need to have those stocks with me and they are blocked so I can use them in case I need to sell them, short sellers van just borrow them and then make the stock look like shit and buy them back for pennies…
As always, the house can take all of your money, however if the player starts winning, they can always ban.
The game is rigged, and we are not invited.
Keep up with the good content!
rename robinhood to hedgingrob
So, they are running a lottery that they never plan on paying out on. They just collect fees. Um…..who goes to jail for this fraud?
so instead of trying to restrict the little guys from banding together and make profits it sounds like they need to restrict the big guys from shorting so much if thats the cause.
Alot of words to say they we played by their rules and were winning so they fucked us so they dont get fucked.