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Trading GME? Frustrated? You need to watch this.


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people moaning about margin changes 720 views, 35 replies 

people moaning about 'IG is manipulating the markets' hundreds of views, over a hundred replies 

post actually telling people why all this is happening .... zero replies or discussion

 

says it all really.

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hahaha, who posted this? you're spoiling all the fun, not that anyone wants to listen of course.

Broker firm Webull CEO explains actually what's happening;

- The clearing firms have stopped the trading, they don't have the capital to carry on even after raising broker deposits. Brokers are totally reliant on clearing firms.

- The clearing firms have raised margin for brokers using them to 100%, the brokers have to pass that onto their clients.

 

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Now let's talk again about those "technical issues". Those that happened at the very same time all across the world in multiple countries and to multiple companies. My guess is that all of those brokers had to go through the same clearing firms/liquidity providers. 

It looks like a switch off button.

Better to have "login problems" than having to disable every single market that doesn't have proper liquidity available. 

I believe these clearing firms do not discriminate per market and they just stop providing a service for a period of time, the very same time these brokers had to stop providing a service. Because after all, why would you allow customers to login if they can't do anything.

Thank you for posting the video, it will help many to understand what is going on, including me. 

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My impression was that it was very market specific, IG are only listing 2 companies for restrictions and the notifications seemed to come later than the login issues.

On both days the login went down around half an hour after the US open and when you would expect a pile in if the stock was going up right from the off.

As I've posted before the calling a halt to opening new positions is not new, happened all the time during the ramp up in bitcoin in 2017, there weren't any automatic accompanying login issues and IG didn't seem to give a hoot about the complaints, it was what it was.

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Guest PhilPhilPhil
2 hours ago, Caseynotes said:

My impression was that it was very market specific, IG are only listing 2 companies for restrictions and the notifications seemed to come later than the login issues.

On both days the login went down around half an hour after the US open and when you would expect a pile in if the stock was going up right from the off.

As I've posted before the calling a halt to opening new positions is not new, happened all the time during the ramp up in bitcoin in 2017, there weren't any automatic accompanying login issues and IG didn't seem to give a hoot about the complaints, it was what it was.

agree.

there are lots of other stocks which significant short interest. 

no restrictions on that if thats the trade you want to make.

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IG is doing a margin call on long positions; ok I get that cuz its too volatile; but to do all this by 4pm Feb 1 GMT?

At the same time new open position is limited, therefore, retail traders cant buy the shares long-cover-players dispensed out from other retail/semi-retail-pros.

I am having a difficult time finding out where these long-covers' shares will go to.

Yes, we now know who you work for; taking my money across the road to HL

 

Edited by DiamondHandWannaBe
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  • 3 weeks later...
  • 2 weeks later...

They removed the warning sign on GME about trades being 'closing only'. Did anyone else get tricked into thinking trading was now available?

I did, and I exited my GME trade to take profit and get in at a lower price, only to be locked out of the trade still.

Disgusting and deceitful.

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