oh my god it's stock market chaos today i can't wait we got a lot to talk about on today's video
i'm going to go over gamestop and why that's still going up to the moon we're going to talk about all
the shutdowns of the investment apps that happen and what's about to happen so you make the best
decision on what investment app you should use and third thing we're going to talk about is
this citadel hedge fund ordeal if you're ready to get started tap the like button down below let's
send my likes on this video to the moon who would have thought all of this would have been started
by this little guy right here this is the icon of the famous reddit group wall street batch you know
can you believe for once we have robinhood we have weeble we have stash app we have all td ameritrade
for crying out loud that shut down the ability today january 28th to buy gamestop to buy nokia
to buy amc all of these hot stocks you couldn't buy in these particular investment brokerages
why because they said nope we're shutting it down because things are getting way out of control well
there's a lot of blow up that happened oh my gosh guys you should have saw twitter and if you didn't
you got to go check it out and it's something you know i don't like to be political on this channel
but it's something to me when you have aoc and donald trump jr agreeing with each other and then
to top it all off you have ted cruz on the other side of the aisle who retweets what arc just said
and said i fully agree oh my gosh took this little guy to bring that division of the republicans and
democrats together what is going on so we had a lot of action on gamestop we had a lot of action
on nokia and amc and there's a lot of thoughts that amc and nokia are going to continue to rise
up tomorrow which is friday the 29th of january did you get in on any of these stocks from before
or are you still thinking about it if you are drop a comment down below this video let's chat
about it one thing of course for my new investors and for people that don't have a hundred dollars
to spare do not throw your money into this this is a casino don't do it if you can't depart with
a hundred dollars for example if you can't set that 100 on fire and not worry about it or flush
it down the toilet and not worry about it you should not be getting involved in the stock market
be very careful make the smart decisions i'm not a financial advisor be smart with what you're
doing so here's gamestop check out this tweet guys for a second what was really neat about
this this person now yeah they invested a hundred thousand dollars and got what like twenty thousand
plus shares and their portfolio value now worth five million dollars guys i hope they cashed out
on that because they are now a millionaire you know gamestop right this this person now made
five million dollars and you know i had to wear a shirt like this today because you would have
taken your nintendo 64 in the game stop and got what like two dollars for trading that in but now
people are cashing in on this stock and the little guy is really getting a great advantage so how it
all started you have these hedge funds these big fat cats that basically bet against stocks called
shorting the market so what they do is they say we believe because gamestop is kind of like you know
boring nobody goes to gamestop anymore because we now have the digital era and by the way we have
the quarantine nobody's going to go out and shop for nintendo games and playstation and all that
other stuff they're going to order it on amazon so we believe this stock is going down and we're
gonna short this stock and as a result we're gonna make a ton of money that's what they're doing
well right here wall street bets they decide no no let's send it up to the moon and screw these guys
over and if we all do this together we are going to see a significant incline in the stock value
price and make tons of money and that's exactly what happened what really screwed up though is
you have people like melvin capital who is a hedge fund that is investing tons into the shortening
of the gamestop stock as a result guess what happens they lose billions of dollars
it becomes a complete disaster and if the same thing happens with amc and nokia while it won't
be probably as intense as gamestop we're in for quite a wild ride over the next week guys
and then this is what set everybody off so i get on today so immediately at 9 30 a.m the markets
open up i go into my robin hood up oh i can't even touch gamestop can't even touch nokia can't even
touch amc everything is shut down and even today right now at the recording of this video it's 4
30 in the afternoon and i go into my robin hood app right and let's take a look at this ready so
i'm gonna go into gamestop oh it's not supported by robinhood amc you can't buy you can't even you
can't do anything right now with this stock and it's causing the complete uproar and that's where
i was saying earlier you have a orc tweeting out that hey wait a minute this isn't right
if some people are trying to be in a free and open market which is what the stock market is they
should have the ability to buy and sell and openly trade during the trading hours of the market now
we have the federal government getting involved in this because what happens then is they say oh well
you can go ahead and sell your shares but you can't buy any more what's that mean is that the
stock value is going to go down and these hedge funds actually end up winning because like they
said they're going to short the market the market price is going to go down as a result of what
they did today the market price goes down and they win that's not cool that's very risky that's very
fishy right very fishy now weeble on the other hand and trader app and stash they all use the
same clearing house it's called apex corporation and they blamed it on apex well apex made us shut
down the ability to purchase gamestop and nokia and amc and things like that so it's kind of on
them and then it was interesting i saw a video earlier today where the ceo of weibo got on and
talked about the fact that there's a lot of cost associated with the clearing house and we can't
pass those costs along to the customer that's why apex because of the high ups and downs of all of
these different stocks said we can't be using this anymore it's costing way too much to execute the
trades okay so this happens at 11 30 for weeble remember robin hood's already been shut down we
bought 11 30 a.m this morning decides hey we're going to stop the uh the orders of gamestop and
all these other ones because of apex clearinghouse it's costing too much money but then at three
what was it three o'clock eastern time they tweet out that hey you can now do this again and i
highly doubt that all of a sudden the cost drops there's no way they wield and deal to lower cost
so what what what is the truth behind that that's really interesting to me come on do
you really think that's true or what comment down below and then the third thing i think we need to
talk about is citadel citadel is the company that routes the order flows for robinhood they also
get tons of money from robinhood looking at kind of what market data we have so so the customers of
robin heard we execute shares and trades and all that stuff and citadel pays for that data from
robinhood that's how one way that robin hood makes money and they also invested billions of dollars
into melvin capital melvin capital were the ones that were completely betting against gamestop and
trying to short that sale price so you got citadel with robin hood with melvin they decide let's halt
it in order to protect each other and there is a lot of thought that if citadel reloaded their
shorts their short options meaning we think game stops going down today right before they told
robin hood to halt the trading of gme gamestop that is going to light some things on fire
that gets into the point of being illegal guys that that something's weird something crazy is
going on today so you might ask me okay you know obviously you may have seen my other videos on
you know weeble robinhood stash all these apps that i use i i'm not at a point yet where i'm
throwing my hands up and i'm cashing out of robin hood and telling them to go to hell i'm not doing
that right now i want to see what happens because you know something's going to happen over the next
couple weeks maybe even months you know you got that you got the federal government you
got the congress tweeting about this you have the sec looking at what's going on you have now
a class action lawsuit that were that was filed in new york against robin hood you have a lot of
stuff going on right now all that happened today i mean today lasted like three years
and so you have a lot going on i'm gonna hold off and just see what happens first before i do
anything so that's what's going on there i will say that you know again be smart with your money
i just did a video two days ago on dollar cost averaging and that is a nice easy conservative way
to get into the stock market and watch your portfolio grow successfully over time and i
think if you focus on something like that you'll feel a little bit better again if you're throwing
your money at this trying to get rich quick you might end up in a position that hurts so be okay
with putting in money with the expectation that it might go down to zero and if you're okay losing
that money then you're okay to invest i may have to do another update video tomorrow depending on
the insanity of what's going on here today with everything with gamestop and nokia and amc
and and these shutdowns but anyway let's have a chat down below as always continue to live
your sweet life because you're worth it have an awesome day and we'll see you next time [end]