Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
jokes
Dec 20, 2012

Uh... Kupo?

Holy poo poo, MSFT. When I bought them cheap calls last week I had no loving idea this was gonna happen, jesus.

E: Remember to never ever hold options overnight or over the weekend that WSB is recommending-- you'll lose 90% of the time in a truly spectacular way. Imagine holding puts over the weekend and waking up to... this. PLUS Robinhood crashed so you just had to sit there and watch them take the worst tumble in years.

jokes fucked around with this message at 21:57 on Mar 2, 2020

Adbot
ADBOT LOVES YOU

Hit Man
Mar 6, 2008

I hope after I die people will say of me: "That guy sure owed me a lot of money."

CLX has swung 15% in 2 trading days.

We are erasing last Thursday, Friday declines

Recoome
Nov 9, 2013

Matter of fact, I'm salty now.
turned my computer on and off, now the red numbers are now green

Doccykins
Feb 21, 2006
You guys are posting like you've never seen a bull trap before

dpkg chopra
Jun 9, 2007

Fast Food Fight

Grimey Drawer
Lol this is insane, my extremely underwater end of March calls are starting to get some color again so I’ll take it the Extremely Rational Market has decides that a recovery is possible.

Sepist
Dec 26, 2005

FUCK BITCHES, ROUTE PACKETS

Gravy Boat 2k
My cheap 320 3/20 SPY calls are looking smart as hell now

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

Hit Man posted:

How many over-leveraged Robinhood users got bankrupted today? jfc

But you see one person, one, has a screenshot making millions on TSLA calls

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

Hit Man posted:

Wtf are we rallying on here?

Thoughts and prayers

jokes
Dec 20, 2012

Uh... Kupo?

I don't trust this rally one bit. Not enough to buy puts, but not enough to buy calls. My gambling hands are cooling off for a bit.

pmchem
Jan 22, 2010


Who is doing the pumping?

Ulio
Feb 17, 2011


I added a lot of long term positions last week, so pretty happy but I actually wanted like another 5-10% to add more.

Baddog
May 12, 2001
Spy puts over the weekend were absolutely the right call if you are protecting assets. I bought 20 more today, and I'll get another 20 tomorrow if traders continue feeling that pouring a little rate cut on this coronavirus will fix us right up.

jokes
Dec 20, 2012

Uh... Kupo?

Baddog posted:

Spy puts over the weekend were absolutely the right call if you are protecting assets. I bought 20 more today, and I'll get another 20 tomorrow if traders continue feeling that pouring a little rate cut on this coronavirus will fix us right up.

You're talking about a severe drop in volatility over the weekend and who knows how long this stupid "rally" will stick around. I don't think I'm feeling positive about the near future in the market, but holding puts right now is a dangerous and probably expensive gamble.

I like it.

Recoome
Nov 9, 2013

Matter of fact, I'm salty now.
lmao the central banks can say that they will do things and that'll turn investor sentiment around (regardless whether they'll have any impact)

Dwight Eisenhower
Jan 24, 2006

Indeed, I think that people want peace so much that one of these days governments had better get out of the way and let them have it.

Doccykins posted:

You guys are posting like you've never seen a bull trap before

Given that P/E only dipped as low as ~21.7 with a 15% drop, it's within the realm of collective behavior for SPY to rocket back up over 3390, and continue going higher in spite of COVID-19 until there's bigger material impacts.

I'm not saying it will happen mind, just, I'm not prepared to rule it out. I'm also not prepared to rule out this being a dead cat bounce, but that does seem like the lesser likelihood outcome seeing today's enthusiasm.

BlackMK4
Aug 23, 2006

wat.
Megamarm
3100 should be interesting

John F Bennett
Jan 30, 2013

I always wear my wedding ring. It's my trademark.

https://twitter.com/ClassRobinhood/status/1234577426488811520

Can't really believe it but sure would be "funny"

Sepist
Dec 26, 2005

FUCK BITCHES, ROUTE PACKETS

Gravy Boat 2k
I wouldn't be surprised one bit

Edit: backups dont need to be fully tested to pass compliance, one rear end in a top hat just needs to sign off on it

odiv
Jan 12, 2003

"Turns out the cleaning tapes were in the machine the whole time!"

FreelanceSocialist
Nov 19, 2002
That is pure speculation because that is not at all how RH's disaster recovery would be structured.

source: me am guy who disaster recovers things

edit: regardless I would really like to file my taxes, RH, so get on it

FreelanceSocialist fucked around with this message at 23:39 on Mar 2, 2020

orange sky
May 7, 2007

FreelanceSocialist posted:

That is pure speculation because that is not at all how RH's disaster recovery would be structured.

source: me am guy who disaster recovers things

I mean, as someone who works in the industry you know that poo poo is hosed

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog

GoGoGadgetChris posted:

Today will close red, 296

Hook me up to a machine that only generates the opposite of my claims and you'll all be billionaires

I also have money on a Bernie nomination and Trump victory so I guess that guarantees President Biden

FreelanceSocialist
Nov 19, 2002

orange sky posted:

I mean, as someone who works in the industry you know that poo poo is hosed

It feels more like an infrastructure or architectural failure - like they made some changes over the weekend and things melted down under load Monday AM. RH was functional pre-market with some spots of high-latency uptime mid-afternoon. I'm sure r/WSB went off the deep-end, though. All those idiots with options expiring today that they bought Friday at 3:55.

orange sky
May 7, 2007

I mean there's also this:

https://twitter.com/jtech63/status/1234600045787394048?s=19

FreelanceSocialist
Nov 19, 2002
I like that. That's neat.

edit: actually that looks more like IBB is making the API call and RH is returning the 503? Probably not the issue, more like a symptom. That twitter dude in TN is probably CST and at ~430 EST RH was totally broken. The last high-latency response I got was probably an hour before that.

FreelanceSocialist fucked around with this message at 00:01 on Mar 3, 2020

cr0y
Mar 24, 2005



This RH stuff is wild. I literally went to open an account this morning to dick around a bit and had a bunch of trouble. Check downdetector and yep they are dead in the water.

Pollyanna
Mar 5, 2005

Milk's on them.


https://youtu.be/2q35PgSXhKg

Lote
Aug 5, 2001

Place your bets
Is it possible that they’re insolvent from the shenanigans that people were doing to get way over leveraged and them going down is a smokescreen?

Moneyball
Jul 11, 2005

It's a problem you think we need to explain ourselves.
So is this a dead cat?

pixaal
Jan 8, 2004

All ice cream is now for all beings, no matter how many legs.


cr0y posted:

This RH stuff is wild. I literally went to open an account this morning to dick around a bit and had a bunch of trouble. Check downdetector and yep they are dead in the water.

Don't use discount brokers, they'll go down during busy trading days, which is when you most need it up. Go with a more established place.

Woodchip
Mar 28, 2010
feeling real smart for shorting when it broke through 300 :suicide:

Lote
Aug 5, 2001

Place your bets
What would happen if Robinhood just lost all of their account data and didn’t have a backup?

tangy yet delightful
Sep 13, 2005



GoGoGadgetChris posted:

Hook me up to a machine that only generates the opposite of my claims and you'll all be billionaires

I also have money on a Bernie nomination and Trump victory so I guess that guarantees President Biden

Time to sell all my CRTX then :v:

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog
I'm afraid I'm not familiar with that ticker

cr0y
Mar 24, 2005



pixaal posted:

Don't use discount brokers, they'll go down during busy trading days, which is when you most need it up. Go with a more established place.

Ya I opened up an etrade account.

FreelanceSocialist
Nov 19, 2002

Lote posted:

What would happen if Robinhood just lost all of their account data and didn’t have a backup?

There'd be a lot of time spent reconstructing account balances and transactions from third-party sources.

shame on an IGA
Apr 8, 2005

FreelanceSocialist posted:

That is pure speculation because that is not at all how RH's disaster recovery would be structured.

source: me am guy who disaster recovers things

edit: regardless I would really like to file my taxes, RH, so get on it

hey remember that guy who was running a bitcoin exchange on a ramdisk in the amazon cloud, until he wasn't? :v:

Tokyo Sex Whale
Oct 9, 2012

"My butt smells like vanilla ice cream"

FreelanceSocialist posted:

There'd be a lot of time spent reconstructing account balances and transactions from third-party sources.

Then a lot of time on hold with customer service trying to explain how you came up with your balance.

zetamind2000
Nov 6, 2007

I'm an alien.

shame on an IGA posted:

hey remember that guy who was running a bitcoin exchange on a ramdisk in the amazon cloud, until he wasn't? :v:

Is there a thread or article about this because that sounds hilarious

Adbot
ADBOT LOVES YOU

FreelanceSocialist
Nov 19, 2002
RH appears to be back up.

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply