GME
Hedge fund is Da Best!
I was surfing wiki for fun and went to Gamestop page then Citadel wiki and...
Citadel Regulatory issues
Over a two-year period until September 2014, hundreds of thousands of large OTC orders were removed from its automated trading processes, rendering the orders "inactive" so that they had to be handled manually by human traders. Citadel Securities then "traded for its own account on the same side of the market at prices that would have satisfied the orders," without immediately filling the inactive orders at the same or better prices as required by FINRA rules.
In 2014, Citadel was fined $800,000 for irregularities in its trading practices between March 18, 2010, and Jan. 8, 2013
In 2017, Citadel was fined $22 million by the SEC for misleading clients regarding the way it priced trades.
In 2018, Citadel was forced by the SEC to pay $3.5 million over violations stemming from incorrect reporting for nearly 80 million trades from 2012 to 2016.
In 2018, Bloomberg reported that 40% of Robinhood's revenues were derived from selling customer orders to firms such as Citadel Securities and Two Sigma Securities.
In January 2020, Citadel paid a 670 million-yuan ($97 million) settlement for alleged trading irregularities dating from 2015.
Citadel Securities was fined $700,000 by FINRA in July 2020 for trading ahead of customer orders. They delayed certain equity orders from clients to buy or sell shares while continuing to trade the same stocks in its own account as part of its market-making activities, according to FINRA.
In 2020, Citadel Securities was censured by FINRA a total of 19 times for a variety of misconduct, including failing to close failure-to-deliver positions, naked short selling, inaccurate reporting of short sale indicators, executing trades during circuit-breaker halts, and failing to offer its clients best prices on the bid-ask spread.
On March 25, 2021, Citadel agreed to a censure by FINRA and a $275,000 fine for improperly reporting nearly 500,000 Treasury transactions between 2017 and 2019, revealing a systemic failure in Citadel's compliance systems.
2008 is coming baby!
EW Theory - Bullish trendingDescending (Top declining, bottom flat), bullish confirmation, impulse wave, followed by a three-wave-correction, before bullish trend resumes. Correction wave (C) may descend farther down but there appears to be strong support at the 0.618 ($200) range, potential down side to $164 range). Important next few days, tomorrow could be good buying opportunity if holds $200, if we descend past $200 could see a drop down. Could see bullish trend resume this week Wednesday or next.
- Fib ratio to watch for before completion of Cycle wave (III) 100% (418.61), 123.6% ($489.41), 161.%% ($604), 200% ($718.60).
- Fib ratio to watch for before the completion of WAVE ((III)), 161.8% (819.12) & 200% ($1001.49)
Short term: Bullish
Long term: Bullish
Was inspired by the Elliott wave guy and am still learning the theory.
Would love to hear any ideas, comments, suggestions.
Not financial advice. I am not a licensed professional. Just a guy with a thing for charts.
GME back to 300 or free fall to 150?Hate to say it but GME is at a crucial point at the moment...
What I mean is that it could be a really good buying opportunity since its holding daily demand and the .382 fib support!...BUT if it happens to lose this support zone, we could see some serious price drop down to the next demand zone.
Now as you know from my last post about AMC, I am currently shorting AMC and me + my followers have already made a killing in profits! There was a lot of defensive comments posted from the AMC wsb cult that I just laughed at as they continued to lose money since they want to "hOdL" a meme stock LOL!
Fine by me keep loosing money but I would recommend to consider doing some good technical analysis and maybe have a set of trading rules to follow so you don't find yourself loosing a bunch of money holding a $5 worth meme stock for dear life! Make money on the upside and downside!
With that being said, since GME is in a buy zone, I will be considering to go long if this zone can hold into tomorrow! If this ~195 support level can't hold, I will be looking to short!
Happy Trading!
GME - Daily Chart - Long ScenarioTwo possible scenarios that if they should occur i plan to take long positions.
Scenario 1 - Orange arrow
Price moves against Support level (lowest blue line)
Scenario 2 - Blue arrow
Price moves against center Support level (middle blue line). Moves under it and reclaims it.
Targets are the next big Resistance levels.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
AMC - PART 3- POSSIBLE BULLISH ASCEND TRI - SPEED FAN ARC/PLAYAll,
AMC far more interesting here if we can break out the top to confirm the ascending triangle. The two fakeout candles also make it seem this way. Looking like we of course would hit 68/70s on way up but the cap would be around 103ish maybe less FOMO. NOT SAYING THIS WILL HAPPEN. We all know how crazy the shorts are etc.
Other would be not fakeout candles and be bearish move down probably bad one.
PLAY = WAIT AND SEE AT PATTERN END