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[TheLetdown]

Fucking "buy GF

" lmao

I know what I'm doing for the next week

Haha!

Watching it, it's weirdly engaging. I might start voting.

 

[NYR]

Are they paying commissions? If so all those tiny trades are going to kill their returns.

They are using Robinhood.

https://www.robinhood.com/

 

[Zeus Molecules]

I love this idea......

Even if it was fake money I wish Gaf had a similar thread

 

[Fancolors]

I wonder if this somehow will manage to spawn another emergent narrative a la TPP.

Oh well, at least the stream also works as a decent radio.

 

[Bronx-Man]

This shit is already pissing me off. Dumbasses are doing the whole "hurr durr buy GF" meme when they need to do the smart thing and sell SNAP. It's the only logical move since Instagram's been eating into the SNAP IPO for months now.

 

[toxicgonzo]

Why wouldn't it be?

I believe you need to have passed the FINRA Series 7 exam to even be allowed to buy or sell stocks from somebody's account.

This is actually a really interesting legal gray area because the users are effectively doing the transaction and he can't claim he was just taking suggestions from them.

 

[Compsiox]

Screw snap

 

[Jamie OD]

So when will a bronze statue of a Twitch emote be placed next to the Charging Bull and the Fearless Girl on Wall Street?

 

[Guevara]

Kinda can't believe this is legal.

 

[Hamster Plugin]

This shit is already pissing me off. Dumbasses are doing the whole "hurr durr buy GF" meme when they need to do the smart thing and sell SNAP. It's the only logical move since Instagram's been eating into the SNAP IPO for months now.

There's no need to be smart here, it's not like you're going to make any money off this thing. Might as well troll it with memes.

 

[mnannola]

They are using Robinhood.

https://www.robinhood.com/

Wow I have never heard of this. I guess this is legit?

 

[G-Fex]

one day Twitch will be about video games again.

Or at least someone else will.

 

[IdreamofHIME]

I believe you need to have passed the FINRA Series 7 exam to even be allowed to buy or sell stocks from somebody's account.

This is actually a really interesting legal gray area because the users are effectively doing the transaction and he can't claim he was just taking suggestions from them.

Isn't it open to insider trading too? He doesn't know whos behind those twitch accounts.

 

[Permanently A]

This shit is already pissing me off. Dumbasses are doing the whole "hurr durr buy GF" meme when they need to do the smart thing and sell SNAP. It's the only logical move since Instagram's been eating into the SNAP IPO for months now.

what good is money if you have no one to share it with

 

[Randdalf]

When the number of viewers goes up, surely the time between trades will decrease to compensate?

 

[McNum]

But why, though?

I mean this is probably the craziest setup I've seen for a Twitch stream, if only because they're juggling $50,000 for real on the stock market. ...and apparently are up by $60?

I wonder how this will go for them long term, it's definitely going to be interesting to check in with later.

 

[Bronx-Man]

There's no need to be smart here, it's not like you're going to make any money off this thing. Might as well troll it with memes.

Gordon Gecko would be ashamed.

 

[Des0lar]

This shit is already pissing me off. Dumbasses are doing the whole "hurr durr buy GF" meme when they need to do the smart thing and sell SNAP. It's the only logical move since Instagram's been eating into the SNAP IPO for months now.

But then you sell snap and still have no GF. Maybe you're in the wrong here.

 

[King Tubby]

Salt and Kappa futures are going through the roof

 

[GulAtiCa]

Be funny if by the end he is up a LOT of money and just sort of calls it quits. lol

 

[Bronx-Man]

Coming soon: Twitch Plays Jordan Belfort

 

[CDiggity]

I guess this is the a logical step in the evolution of the meme economy.

I guess as long as it's just owner's money and nobody else's, I see no problem with that. It'll be funny to see where this goes. Internet loves playing "Armchair X", why not stock trader?

 

[Rentahamster]

I love this concept :lol

 

[Herr Schwarz]

Reminds me of when Martin goes to work on the stock exchange in the Simpsons lol no gif yet tho sad face

 

[toxicgonzo]

how often can twitch trade the same stock?

i thought there were some rules about that. 3-day waiting period or something

For buying/selling the same stock, you are subject to wash sales rules.

The 3 day waiting period is for cash accounts. If you buy/sell your positions too often, you are classified as a pattern day trader and have to maintain $25,000. So for this guy's account it would not matter.

 

[djplaeskool]

SELL
SELL
BUY
DansGame
BUY
Kappa
SELL
SELL
FailFish

 

[Compsiox]

#SaveTSLA

 

[Grizzlyjin]

This shit is already pissing me off. Dumbasses are doing the whole "hurr durr buy GF" meme when they need to do the smart thing and sell SNAP. It's the only logical move since Instagram's been eating into the SNAP IPO for months now.

Wait, they're buying up SNAP? Eww, why? I guess I can't be too surprised. I expected them to hover towards video game companies

 

[shockdude]

This has potential. One share every five minutes feels kinda slow though; speeding things up by one or two minutes would make things more interesting imo.

 

[Compsiox]

Welp they found out about:
https://www.google.com/search?q=seb.....69i57j0l5.4350j0j4&sourceid=chrome&ie=UTF-8

This is about to end quickly.

 

[Bronx-Man]

This has potential. One share every five minutes feels kinda slow though; speeding things up by one or two minutes would make things more interesting imo.

That would be better but I think the money would dry up real quickly.

 

[Compsiox]

That would be better but I think the money would dry up real quickly.

It's going to anyway because SEB costs 4k. Game Over man.

 

[NoblesseOblige]

When does Twitch play POTUS?

We'll just get the same as Trump with a bunch of Russians exploiting it.

 

[Compsiox]

When does Twitch play POTUS?

OMFG!

That would be an amazing Black Mirror epsiode. People go online and vote in laws. They're effective immediately.

 

[Frozenprince]

I mean it is a bad idea but at the same time I love social experiments like this.

 

[HazySaiyan]

Up $59

We're all gonna make it

 

[FinKL]

Wait, they're buying up SNAP? Eww, why? I guess I can't be too surprised. I expected them to hover towards video game companies

ATVI NVDA AMD yep, definitely a computer nerd crowd

 

[Brakke]

OMFG!

That would be an amazing Black Mirror epsiode. People go online and vote in laws. They're effective immediately.

Not an unprecedented idea. Bunch of sci-fi stories feature direct democracies or demarchies running continuous votes over Internet or mind-jacks or whatever.

 

[Compsiox]

Not an unprecedented idea. Bunch of sci-fi stories feature direct democracies or demarchies running continuous votes over Internet or mind-jacks or whatever.

Well alright fine

 

[Eternal Gamer]

I'll play it, finally I can know how it feels to be a Wall Street shark.

 

[Tom Nook]

Real Money?

*subscribe thread*

 

[ahoyhoy]

Why are they not trading KAP

 

[Septimus Prime]

Judging by how predictions markets work, I'll bet they come out ahead in the long run.

 

[Sectorseven]

Judging by how predictions markets work, I'll bet they come out ahead in the long run.

If these Twitchers are anything like GAFers, they're permabears.

 

[backflip10019]

This is so fascinating. I can't stop checking in on this every few minutes.

 

[Hellix]

Oh, here's the thread.

BUY AMD IS A MEME

First thing I saw in the chat.

tacosandvich: !sell AMD
LDemon: !buy AMD

 

[Duxxy3]

Not sure about the legality of it, but it gets more people interested in the stock market.

 

[Ryaaan14]

This sounds like a brilliant way to get away w insider trading

 

[backflip10019]

This sounds like a brilliant way to get away w insider trading

In a public setting, one share at a time? Hard to make huge amounts of money doing that...

 

[yanipheonu]

It won't be long before Twitch Runs the Government.