Unprecedented market environment appears to be trading speak for "if you buy this stock you'll make money, and we can't have that.
At this point everyone is aware of what is currently happening between wallstreetbets and the stock market, if you've not heard about it yet, the short version is that a subreddit has short squeezed hedge funds that were shorting gamestop stocks, causing the stock price to MOON and making huge amounts of money in the process. For the long version, pick almost any Leofinance article from the last day.
When I woke up this morning I realised that the news had not yet fully spread, and once the market opens again there would be another round of buying, I wanted in, better late than never right?
Any stocks that have been mentioned by wallstreetbets not just Gamestop are now locked to European app traders
Except someone has decided that I'm not allowed. Trading apps in Europe are only allowing you to sell your position, not buy more.
The excuse? "Mitigating risk to their clients" clients implying the end user of the app. How caring of them!
They aren't even pretending to have outages now, they're downright limiting our access to protect their overlords.
There is going to be a huge amount of fall-out from this event, none of it good in regards to non-"suits" interested in trading. The upside is, the more Wall Street retaliates, the less people trust fiat and the people that control it, bringing more people into the welcoming arms of crypto-currency.
If there's any errors in this article, it's because currently I'm fuming. 馃槀