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Mark Cuban's advice for day traders who 'get long and get loud' Sonali Basak, Bloomberg News VIDEO SIGN OUT Mark Cuban has one major piece of advice for day traders: Do your homework. To the billionaire investor, there are more concerning things about the financial markets -- including risks in derivatives and foreign exchange -- than a horde of nascent stock pickers rushing into names such as GameStop Corp. after reading about them on a Reddit message board. While it’s risky, losing money sometimes is part of the game, he said. “At the end of the day, get long and get loud ...

I got to say I LOVE LOVE what is going on with #wallstreetbets. All of those years of High Frequency Traders front running retail traders,now speed and density of information and retail trading is giving the little guy an edge. Even my 11 yr old traded w them and made $ Robinhood is officially a case study in the fragility of brand. It took them 7 years to build up confidence in their platform. It took them 1 day to switch from "by the people" to "against the people." $AMC was struggling due to COVID lockdowns. Hedge funds shorted the stock to force bankruptcy.

By Bill Galluccio Billionaire  Cuban said that his son managed to make some money, though he didn't say exactly how much the young boy cashed out. "I got to say I LOVE LOVE what is going on with #wallstreetbets. All of those years of High Frequency Traders front running retail traders,now speed and density of information and retail trading is giving the little guy an edge. Even my 11 yr old traded w them and made $," Cuban tweeted. Cuban said that hedge funds have been making money targeting heavily shorted stocks for years, and he is glad to see that retail traders are getting in on the a...

'No controlling' next stock spike in retail rally: WallStreetBets founder Shane McNeil, BNN Bloomberg VIDEO SIGN OUT Don’t look for patterns to predict the next breakaway stock in the recent retail-investor-led rally, because there isn’t one, according to the founder of the Reddit message board largely responsible for some recent stock spikes. “It’s certainly not by looking at fundamentals,” Jaime Rogozinski, the founder of the group r/WallStreetBets, said in an interview on Thursday. “Just like with the internet, there’s no controlling as far as wh...

AMC Entertainment Holdings Inc (NYSE: AMC), GameStop, and Nokia Oyj (NYSE: NOK). The Reddit frenzy pushed the stocks of these three companies 301.21%, 134.84%, and 38.48% higher, respectively, on Wednesday. Although, after the forum went private the stocks saw declines in the after-hours session of 26.58%, 15.97%, and 9.47% respectively. Portnoy disclosed that he had over a million dollars in both AMC and Nokia and admitted he was “getting hit a little bit right now since they took out Wall Street Bets.” Emergency Press Conference - The Suits Shut Down @wallstreetbets@WSBChairman My pre...