I canât guy GME or AMC yet, will we be able to do it?
Yes I do understand. That 4 hours isnât normal, I just cancelled one and it took a couple of minutes, in the before-GME times it was essentially instant.
They say on the main chat that itâll take some time before we can, but seems to imply we will be able to at some point. Fingers crossedâŠ
Trading stopped on GME.
Back again.
Do you have some examples? Iâd be very curious to learn and find it hard to come up with a scenario myself, but maybe my investment strategies are different than yours.
Any investment that you think is trending upwards over the next few months, as an example, where you want to take advantage of a transient volatility (over a threshold) to then reinvest or recover original investment and hold the rest.
Essentially any situation where the live price can deviate significantly from the moving average.
If you are hands-on all the time, then fine, but if you are not a day trader, having these automatic mechanisms is a great safety net (on the way down) or a great way to take advantage of a situation that may otherwise pass you buy.
As an example, (although, granted this is not share trading), being able to set a high limit order while crypto trading meant I didnât miss large market price rises that I otherwise would have. I was able to buy back in at a higher price than my initial investment but significantly below the recent âpeakâ and Iâm now in a âno riskâ situation, which is a really comfortable position to be in - thanks to a highly speculative limit sell order I had placed a good 4 months prior.
Thanks! Iâm not a day trader either, so this is helpful.
I had never thought of this, but I probably have a few positions (very few though) where this may apply so will keep in mind.
200% on the way down is a bit too late for me though 
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While a gentle jaunt through the Freetrade Community pages provides a relatively calming antidote to the frenzied Gamestop speculation youâd find on Reddit, itâs difficult to avoid asking yourself the question: What if theyâre right?
While the hype can get a little embarrassing at times as excited teenagers declare that a million dollars a share is now their âfloorâ, itâs worth considering even for a moment the implications for Freetrade on the outside chance that theyâre right
Itâs absolutely apparent that buying shares in GameStop isnât a run of the mill trade. Firstly, the stock price has long since parted company with the fundamentals and itâs pretty clear that something unusual is afoot.
For the sake of argument, letâs imagine that the Mother Of All Short Squeezes is imminent. Where would that leave Freetrade?
If youâre one of the tens of thousands of Freetrade customers who are suited and booted for a rocket trip, you want to know the company already has its mission plan in place, right?
$GME is one of the most popularly traded stocks in Europe this year, so itâs inevitable that a huge number of Freetrade customers would be depending on the company to maximise their returns IF the improbable happens.
So, whatâs the plan? Thereâs no room for error when weâre in outer space.
Will selling limits be removed to maximise returns? Are custodial arrangements battened down? Should there be extra fees to cover any extra costs? What else do we need to prepare for, just in case?
It may never happen. Maybe itâs the Millenium Bug 2. At this point, nobody knows. But the time to plan, just in case, is now. Please share your thoughts and Freetrade, if youâre listening, weâre all ears.
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Why would the selling limits need to be removed? If by some miracle the stock does get really high, just sell in ÂŁ9900 chunks at a time. That sounds like a reasonable strategy anyway. If youâve made that much money, youâd already have easily covered your costs and itâd leave you a lot left over to see which direction the price went in next. Presumably if youâre confident itâll get to something where this situation is an issue, youâre confident it could go higher still.
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If a squeeze happens and the stock reaches extraordinarily high levels then selling limits would compromise the sellerâs ability to optimise their returns. Bear in mind, youâd expect some volatility.
What if an asteroid hits earth? I hope freetrade takes precautions to secure my stocks in the improbable event this happens. 
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My theory is it wonât âsuddenlyâ hit 25k and if it goes even remotely close FT will react in time. FT are very vocal that this is a platform for long term investment and not day trading type. The amount of noise on a hypothetical problem that the team are probably well prepared for is insane really.
FT will have rules in place for very good reasons that us customers wonât be privy to and for us to expect them to change their model for us in case something happens when they have said they would react before it got to that seems unfair.
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I donât think the share price hitting 25k is the problem. What if people own hundreds of shares or thousands of shares?
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Actually, I would expect Freetrade to have a disaster recovery plan. Perhaps not one that covers asteroids, right enough.
The relevance of the context in this case, however, is that a possible short squeeze would have a DIRECT impact on Freetradeâs business.
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Not that I have any stocks at all, but if I had bought in at say $50, Iâd probably sell half at $200, half of the remainder at $500, half again at $1000, $5000, $10000, $20000.
Each one of those sales who have netted you more money than the previous one, and after the first itâd all have been free money anyway.
Sure you could optimise it further, but given that the genuine value of the company is pretty low, I think itâs pretty greedy to hold on further, and if youâre disappointed about not maximising it, then youâre gonna be in for a much worse shock when the inevitable happens and it ends back at a couple of dollars per share.
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Precisely. I would confidently predict that many Freetrade users have significant holdings in $GME.
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I would actually say FT should try and discourage GME gambling as there will be many losers if they are holding out for 25k etc. For long term success FT need rational long term investors or they will find a big exodus when this story eventually ends, good for some bad for others.
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A short squeeze isnât about the value of a company. Itâs about benefiting from the infinite risk assumed by the shorter.
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