Part 1 - Anatomy of how to not get fked BEFORE the MOASS
Hello you beautiful, retarded apes.
We've prepared the rocket for months, and it's almost ready. Everyone is talking about not paper-handing, but do you know what is worse than being a paper-hand? That's right, it's if you are FORCED to paper-hand because you are not prepared.
YOUR BROKER IS NOT YOUR FRIEND
Setup 2-factor authentication (2FA)
- Shitadel and friends have already spent billions containing the squeeze. Do you think they have not hired hackers? The key is, you don't know if your account is compromised or not. If it is, they are waiting right before the squeeze to sell your shares and there is nothing you can do about it. Don't be lazy. Protect your tendies.
- If you don't have 2FA, your brokers could sell your shares and claimed that you got hacked. What evidence do you have? With 2FA, you will receive a notification (email or text) to a 3-rd party which can verify that nobody tried to access your account. Hence, if your account did get "hacked", the blame will lie with the brokers.
Diversify your brokers
- If 1 broker tries to fk you over by restricting selling or setting selling limits, you have a backup.
- With 2 brokers, you are insured with 2 companies if they are not able to deliver your tendies. These insurance have maximum payout amounts. It is cheaper for rules to be broken, or even to bankrupt smaller brokerages, and have the maximum insurance payout be issued, than to actually pay for your tendies.
Don't be using margin to trade
- What this means is that, don't use leverage with any stocks in the same account that you have with GME. If I am a HF, I will need to liquidate assets in preparation of the MOASS. If any of your other non-GME stocks falls and triggers a margin call, all your positions will be closed. This could happen right before the MOASS. De-leverage to avoid losing your moon ticket.
Don't be this guy. Be like Kakashi.
Last but not least,
Prepare your mental health
- Don't daydream and only have a vague idea of what you want to do with your tendies after the MOASS. This allows for stray, insecure thoughts to sneak in and fk you up during the squeeze. Write down what you want, and need with the money. Make a tangible proof of why you are holding. Is it for your family? Is it because you want to change the world? Be concrete. Be solid with what you believe in.
That's it for now! If I have time tomorrow evening, I will write Part 2 - Anatomy of how to not get fked DURING the MOASS. 🙌💎🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Posted Apr 22, 2021, 10:04 AM UTC
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