They killed the free market...

They killed the free market...

Hi Trader, Heard all the commotion about GameStop? A couple of hedge funds shorted the living hell out of the famed but struggling video game retailer. They thought they had it in the bag… But then along came r/WallStreetBets, a subforum on Reddit that loves to make wild trades for laughs. They call it YOLO (You Only Live Once) trading. Well, after some brief research on GameStop, they all decided to YOLO their money into the stock and drive its price skyward. And holy you-know-what, did it cause a major fat cat freakout. These hedge funds bought back shares like mad, hoping to mitigate their losses.  Yet the price kept climbing. So much so, that it increased by over 1,000% between January 21 and 28! Things spiraled so out of control that Robinhood blocked further purchases of GameStop stock in a bid to drive the price back down. Yes. You read that right. The big guy loses for once, so along comes his buddies to bail him out at the little guy's expense. We have no free market anymore. On Monday, February 1st, I'm joining expert trader Ross Givens on a live Zoom call where we'll discuss what these events mean for you and your money. And believe me, BIG things are going to happen. I mean, when Ted Cruz, AOC, Mark Cuban, and Donald Trump Jr. all agree on something… You KNOW that all hell is breaking loose. So click here to register for the call. I hope to see you there. Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits team1@hawkeyetraders.com hawkeyetraders.com Call us: (888) 233-8598 DISCLAIMER: * Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results. CFTC Regulation 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. We'll always treat your personal information with the utmost care and will never sell it to third parties. You can find out more about what data we hold about you, why we need it, and how we keep that information safe in our Privacy Policy.

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