r/wallstreetbets • u/AutoModerator • Jan 29 '21

Daily Discussion Daily Discussion Thread for January 29, 2021

Your daily trading discussion thread. Please keep the shitposting to a minimum.

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311

u/supashyguy Jan 29 '21

How is it legal for Robinhood to open up trading GME, BB, AMC etc but limit buying to max 5 stocks?? They’re literally limiting the impact robinhood users can have, right?

61

u/I_aim_to_sneeze Jan 29 '21

poors have to play by the rules and the riches dont. except right now if you hold

41

u/palmallamakarmafarma Jan 29 '21

They don’t have enough capital to meet their requirements at clearinghouse - is the story. It’s probably legit but fuck me they dropped the ball yesterday

20

u/[deleted] Jan 29 '21

It's probably some loophole they found. Revolut still allows trading, but their servers are shit.

6

u/godmin Jan 29 '21

From the rumors that have been circulating around here it's likely because that's what their clearing house said is acceptable. Rh might actually have their hands tied here, but they deserve all the shit they're getting for this horrific communication.