Way of a Trader Blog
Gamestop 31/01/2021
As most of you know by now - there is an ongoing battle playing out between
retail traders ( lead by Wallstreet Bets ) VS Hedge funds, on Gamestop.
We have always known and educated the public on the role of market manipulation in the financial markets, and while it is being done covertly behind the scenes by the hedge funds of the world, manipulating the order flow/news, to see an army of retail traders banding together ( publicly on the basis of free speech ) to beat Wallstreet at its own game - has definitely caught our interest.
I must say I'm impressed and moved by intent, strategy and solidarity behind this movement to 'screw' the hedge funds - and it would be refreshing to see the 'little guy' beat the 'Big guy' for a change.
Having said that there will be longer term consequences/implications on the way the game is played ( Power of social media ), which is why we are seeing alot of coverage in the press from politicians, brokerage firms, hedgefund...
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Author
Joseph AuXano
Author
Joseph Auxano, is an active trader with more than 13 years of market trading experience. He obtained his degree in Finance from the University of Singapore. His passion for the markets started early. He was already actively involved with the stock markets before landing his first Job as a Trader at a Commodity Trading House in Singapore. His fascination for the markets continued to drive his search for the Holy Grail of Trading, and his research on Fibonacci Techniques. This led him to discovery of DiNapoli Levels in 2007. Since his training under the tutelage of Veteran Trader Joe DiNapoli, he has since developed as a Professional Trainer and a full-time trader. It was with DiNapoli techniques, that he discovered first hand the freedom that came with trading. He has traded the markets out from Toronto, Miami, Siesta Keys, Singapore, and is now trading the markets out of Bangkok Thailand. Joseph Auxano is an Authorized DiNapoli Expert, representing DiNapoli Levels Methodology in the USA, South America and around Asia. In 2019, with the help and approval of Joe DiNapoli, Joseph developed the DiNapoli Academy Online Course, with the goal of helping aspiring traders in their journey with Dinapoli Trading Techniques.
