Gme bloomberg terminal1/2/2023 Moreover, GME has now been squeezing, IMO, for months and will continue to squeeze untill it has squoze. To me an investment garners (hopefully) a return in which a person is REQUIRED to trade to make the investment. I’m also pondering what folks on this forum consider as an “investment”. ![]() I think freetrade should remove the limits if this becomes a possibility. In short if people are panicking that much about missing the boat to become rich in such a short window that FT can’t react then why are they on "Free"trade and not a day trade or expensive broker that caters to this? I fully trust FT do it for the sensible reasons and don’t change a business model on a fantasy they can react to live. ![]() The whole 25k limit is not in place to prevent GME buying/selling as it seems to be believed but a business model that will cover fraud, insurance and many things we won’t even comprehend. Now if you believe the spike will be so quick that they won’t have time to react then I have bad news for you the limit will not be the barrier as in that min or so the system will probably crash and no orders go through. This is why it is a massive over-panicking issue. FT will be in constant touch with the market and see any spikes. You are correct in that GME is not a daytrader thing but if you are seriously thinking that FT won’t have time to react to change the limit then you are talking about day trading as it would be very quick. I have asked the team about transferring to another broker but was told i would have to sell shares in my isa and rebuy them (i have an avg of $78 a share for GME) it would be insanity for me to rebuy now)įor the millionth time people are NOT saying there should be a limit!!! People have said that it won’t get to that and I have not seen anyone that doesn’t hope the GME buyer win big so I think you are miss-leading in your comments. I would rather FT had a plan in place rather than saying we’ll see when it’s happening, i have 173 shares and fully expect to lose money due to trading on this platform. There are too many apologists on these boards that are more than happy to dismiss legitimate concerns people have about being able to trade Freely (or Freetrade if you will), thankfully the team are looking into this as some others might have just left the rabid fan base take care of people with concerns. You will get “well FT doesn’t really want day traders”, i say what the hell does that have to do with anything?, GME isn’t a day trade, it’s a trade where people found out there was massive over shorting on a company and invested knowing it would go up. ![]() This transaction limit has potential to affect more than just GME (PREM and KOD), if other stocks raise where people own millions of shares they will be met with the same issue. (Who the hell thinks like that on a platform that is about making money) There are lots here that for some reason are against the limit being raised or flat out say we should be happy to sell for less as we still make money. It’s pointless asking this question here, the FT forums seem to be awash with people that dismiss GME as stupid.
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