Recent comments in /f/wallstreetbets

VisualMod t1_jabc3z5 wrote

Reply to Robinhood says SEC issued subpoena related to crypto operations by scott_jr

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pithecium t1_jabatpx wrote

Reply to Is this illegal? broker takes 1/3 of value after sell by [deleted]

I'm guessing you got screwed by a wide bid/ask spread. Basically, every stock has bids (offers to buy) and asks (offers to sell) at various prices. The bids are always below the asks (because if they cross over a trade happens and those offers go away). Usually, the difference is so small that we talk about a single price, but in thinly trades stocks it can be significant.

Next time use a limit order (or just don't trade penny stocks).

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Alternative-Issue-77 t1_jabaqs8 wrote

Reply to Is this illegal? broker takes 1/3 of value after sell by [deleted]

anyways i should have known i would be dealing with a bunch of immature piss ants who just want to talk down on people.....

thanks for the very very few serious responses.

the rest of you, i bet your lives are just going so well that you have to take to reddit and talk crap to people asking for help. karma is a bitch and i'm not talking about reddit karma

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Hacking_the_Gibson t1_jabao4j wrote

Reply to comment by billm0066 in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66

The median home price has increased at a faster rate in the past two years than any time in the history of the data.

Home prices were flat from Q3 2016 through Q2 2020 when the printer got turned on full blast.

The only explanation is the printer. The printer has been off for a year, all that is left now is for the real estate sentiment to change when the job losses begin.

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BrainSqueezins t1_jabak2p wrote

Reply to Is this illegal? broker takes 1/3 of value after sell by [deleted]

Let me tell you a funny story. I use fidelity and there are certain foreign stocks they charge a $50 fee on. I planned to open a small position and come back later after doing my full due diligence. I figured if I had just a couple shares I wouldn’t lose much even if it tanked entirely, and I didn’t yet know how to do a watch list and wasnt interested in learning. So I bought my three shares, in the process clicking through the warnings about extra fees. I am the proud owner of three shares worth about $30.

They cost me $80 total to buy, and would cost me an additional $50 to sell.

Point is, on very small transactions it is easy for fees to eat up 33% or more.

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