I agree. But Freetrade has to prove to its customers and prospective customers that it can safely manage their market returns.
For example, TESLA shares have enjoyed a huge level of return that is difficult to evaluate by traditional metrics. Would you expect those to be capped by the platform?
Well, yes and no. As long as people are holding their shares, thereās a good chance the broker will be prepared to lend out those share to someone else a bit longer to cover the short position. So the brokers are earning even more in the short term, and nobody else wins because the people who have paid for the shares arenāt realising their gains yet. And as soon as they do, the pressure on the short will relax.
The FT team have said they would react if any spikes happened and I trust them as I have no reason not to. As I said they always are open they are a long term investment platform and with this in mind they will react if a stock starts creeping up to evenly remotely close.
Now I may be totally wrong but those implying it will hit 25k at a mins notice are being unrealistic and panicking over a potential issue that wonāt happen. And I go back to FT said they are monitoring and will react.
Are people still going on about this? the short interest is like 28% now, how is a squeeze of that magnitude gonna happen?
When the shutdown occurred last time they worked all weekend to fix it. Assuming all the issues above are ignored, the original squeeze was said to take 6 days. I would assume theyād work another weekend if there were potential millions on the line. Its also not as if they donāt know the solution, its just implementing it.
But letās be honest, the ship has probably sailed on $25k a share.
Damn it. I was counting on it to buy that house across the singing creek
It looks like what theyāre saying is in a scenario where it needs raising, it will be raised. Exactly what Freetrade have confirmed.
That is 100% how I read it as well! 
Did you have a source for that confirmation? Iām sure itās the case but it would be nice to see it in black and white like Wealthsimpleās confirmation.
I am a software engineer. This reads to me as if there is a non-trivial amount of work required in order to lift this limit, otherwise there would be no reason to delay implementing it now and providing a concrete announcement to reassure those GME shareholders who are concerned about losing out on possible substantial profits (regardless of whether or not people here believe it will occur, it is clearly a point of concern for many Freetrade users).
A change like this needs this change will need to be developed, tested, and ready for deployment to production. This may be an issue if the share price spikes parabolically - the whole opportunity may pass before this update can be rolled out.
Perhaps someone from Freetrade can confirm whether or not they have a contingency in place for shareholders if this happens (@Freetrade_Team?).
Thanks for contributing to the discussion JB.
I think we all appreciate that conundrum faced by Freetrade. Itās probably a lot of work for something that, logically, seems unlikely. Yet, if the situation does arise, itās suddenly mission critical - not just for GameStop shareholders but for the whole business. The reason I opened the thread wasnāt just to make sure that my position is protected but to raise awareness of the idea that failure in this hypothetical situation also threatens the success of the whole business.
For the record, I donāt just like the stock, I also have a growing admiration for Freetrade.
I would be surprised if this required a code change, Iām pretty sure this is an operational challenge not a technical one.
I would say it isnāt a major issue at all for them to change the ceiling as and when. They obviously have a system/code in place to have the limits so they should only need a āRoot userā to modify the numbers to reflect.
The whole GME issue is unique but the limits probably have far reaching reasons that most here wonāt be aware of. After all FT is meant to be about long term investing and not instant get rich schemes.
But yet again I feel FT team are not stupid and will not let that happen if for some unbelievable reason the price did jump that much.
After all FT is meant to be about long term investing and not instant get rich schemes.
I absolutely agree with this and itās one of the reason we all appreciate Freetradeās business ethos. At the same time, I do not believe peopleās motivations or trading ethics are relevant to this discussion.
If for whatever reason the value of a security rises to astronomical numbers, it is not wrong or greedy for a shareholder to wish to liquidate that holding for the absolute maximum value the market will provide. Making profit is the primary reason we are all here, investing. If there is a possibility this ability to create profit is hindered because one is cut off at the knees at the worst moment when trying to sell, then it raises very important questions which need to be factored when managing our investments - long and short term.
I appreciate that but my point still stays the same FT will have people working all hours the market is open and if the stock went even 30odd% towards the fantasy 25k people are panicking about then they could very quickly get a root user to modify code settings.
The team have said they will be keeping an eye on it and I am perfectly confident that in the very very unlikely situation they will react with plenty of time to spare
FT will have rules in place as I said for many other reasons we donāt think about like fraud etc and they should not change their rules for a āpie in the skyā theory.
Now I AM NOT knocking anyone who bought GME and actually wish I had bought early on and I wish them ALL luck in the price going much higher but it is getting far too much coverage about a theory FT already said they are monitoring. I have never questioned any-ones ethics as yes we all want greens and the bigger the better but people sign up to FT and expect a day trading platform.
Besides, the % of comments/new threads etc by a new account that instantly only asks same questions shows many are just fake accounts trying to push their ideas through. Thatās what winds me up 
Appreciate the reply. I think ultimately we all have the same perspective on this (although often is delivered through varied lenses). Hopefully it all works out for everyone involved 
Yep, maybe my faith is too strong in FT but I do think they are very sensible and know that if it did happen and they didnāt raise it in time they would kiss goodbye to reputation and customers. And like I said there are many other knock effects from changing limits that the customer may not see or think about
And there is nothing wrong with people debating it at all, just some people donāt want to see there is always more to a story than simply āchange the limitā. After all if it was that simple FT WOULD do it as the richer we get the richer FT get. Itās not rocket science
Some commenters, not you, seem to act like FT have ulterior motives and even say they are cheating/scamming etc and that is what we need less of.
Anyhow I will get of my soap box now
Not me either. 
I absolutely agree that Freetrade is not a platform for day traders. But I do think that GameStop is a perfectly legitimate play within the context of Freetradeās aims.
As a long-term investment, it has a strong story - a high-quality, experienced leadership team with a positive turnaround plan.
The potential for a short squeeze is, of course, a massive bonus. It may come to nothing but to dismiss the possibility out of hand would be folly. Ironically, as the ultimate market hedge, you could argue that a few shares would be a sensible addition to everyoneās portfolio.
Regardless, it seems weāre all aligned. Investment is an attempt to turn an amount of money into a larger amount of money using skill and judgment. When that judgment pays off, there shouldnāt be barriers to collecting the gain.
