[capaxess]

Since I am in quarantine, I have had the time to day trade the market. I am not a professional in any way, but I have manage to hit 25% profit this week!

Anyone else day trading? Maybe we can share data on what stocks you are watching, what gappers you find, and what you feel is about to break out.

I spent 25 years as an Investment banker - what's going on right now with the shorts is EPIC and can be summed up thus: For decades the game has been Naked Shorting which means I short stock that I never deliver and, when it's zero I keep the proceeds for free. That's why you're hearing numbers like 140% of the stock outstanding. How is that possible you might ask? Naked Shorting is the largest and most prolific counterfeiting operation in the history of mankind second only to the printing of Fiat currency. PM if you want details but trading now is like juggling sharp knives - the wise guys are still in control and you can be 100% right and still be roadkill.

[Winning]

I spent 25 years as an Investment banker - what's going on right now with the shorts is EPIC and can be summed up thus: For decades the game has been Naked Shorting which means I short stock that I never deliver and, when it's zero I keep the proceeds for free. That's why you're hearing numbers like 140% of the stock outstanding. How is that possible you might ask? Naked Shorting is the largest and most prolific counterfeiting operation in the history of mankind second only to the printing of Fiat currency. PM if you want details but trading now is like juggling sharp knives - the wise guys are still in control and you can be 100% right and still be roadkill.

I dont quite understand the entire process of shorting borrowed stocks and why is it that if the stock goes up the shorter need to purchase the stock to "cover the postion"... Would you mind breaking this down for me here in the forum? Perhaps even walk me through the process of placing a short on a stock myself through the TD Ameritrade platform.. I am sure other members and lurkers can learn a thing or too as well..

[capaxess]

I dont quite understand the entire process of shorting borrowed stocks and why is it that if the stock goes up the shorter need to purchase the stock to "cover the postion"... Would you mind breaking this down for me here in the forum? Perhaps even walk me through the process of placing a short on a stock myself through the TD Ameritrade platform.. I am sure other members and lurkers can learn a thing or too as well..

OK so, "Shorting" means: selling now with the expectation that I buy back lower profiting the difference. In order to short a stock you have to either own it or borrow shares from someone else. That someone is a firm (like TD Ameritrade) who lends you the shares so you can sell them. They get a fee for lending you the shares which they collect until the shares you borrowed are returned. Since you owe shares not money, replacing the borrowed shares you sold at $10 with shares you purchased later at $5 for example results in a $5 dollar gain minus the carry cost of the borrowed shares (which is usually minimal).

In practice this process goes at light speed since most trading accounts offer "Buy", "sell" and "sell short" options which are executed in nanoseconds. The difference is profound however since when you buy a stock all you can lose is what you paid (plus what you borrow if on margin). A short however, has unlimited downside risk because there is no limit to how high a share of stock can go up. Enter Gamestop and some other stocks which have been shorted NAKED with shares well beyond the actual shares outstanding.

That is, the entire financial system is at the verge of collapse because, as these 'SHORTED" stocks keep rising (which they could very reasonably be expected to continue), there are massive numbers of retail investors ready to shove these losses strait up Wall Street's ass. Although that might not sound like a bad idea considering what a nice bunch of folks they are, the repercussions of their collapse will effect even the most sacrosanct of obligations. Hope that helps understanding of the issue, enjoy the show! Buy Silver!

[Winning]

Buy Silver!

Who do you like for the Silver play!? I created a new watch list, and I am trying to decide where I should place my bets.. Here is my list sorted by volume.. I think maybe I should go all in with SLV , or I might just do a spread and put a couple hundred on the top 5.... IDK...

[capaxess]

Who do you like for the Silver play!? I created a new watch list, and I am trying to decide where I should place my bets.. Here is my list sorted by volume.. I think maybe I should go all in with SLV , or I might just do a spread and put a couple hundred on the top 5.... IDK...

I own PAAS & AG - not so fond of SLV bc it's an ETF - since they have to supply physical to their fund it might be a good lever to pressure delivery/shorts. Morgan Stanley is he bg stick on silver but they'll be overwhelmed quickly of the hoard focuses on them. If the castle walls are breached on silver look out below - a cascading waterfall-like tidal wave of defaults will follow.