ATMC
AlphaTime Acquisition Corp
stock NASDAQ

Nasdaq tolerates it because us regular people are on the losing end of it 90% of the time. And when we aren't trust me they are halting to no end to kill that momentum and if Nasdaq isn't doing it, the shorts come in. This entire system is designed to keep the poors poor. And in fact I'd go so far as to say it's designed to take our money, just like a casino.
Just look at the pattern day trading rule. I can't think of a rule that is more obvious about wanting to keep the poors poor. You have to have 25k in your account or you are only allowed 3 day trades in a 5 day period. It's complete bullshit. So if you don't have 25k in your account, or you have spread it out over multiple brokers (I trade stocks in 3 places), you are stuck in bad trades if you are close to your limit or at it.
There is no reason behind this rule other than, they want rich traders to have an advantage, and poor people stuck in trades they can't get out of. Nothing takes your money more than that rule. If people could get out of these trades when they are dropping, they wouldn't get destroyed out here. I didn't want to use a day trade yesterday over a few hundred dollars. I of course didn't realize this shit was going from the trash can to the gutter today. Yes I could switch from a margin account, but then the funds take 24 hours to settle by then the trade or the stock is over or has run.
This is a rigged casino. I study Chinese stocks because you can try to be at the machine when it's about to pay out with your bucket ready if you timed it right. I've made some money and some have gone bust. What I don't like is when they have the intent of ripping us off and leaving us bag holders. Like this stock was a literal set up. I saw the set up and thought I can be on the back end, catch the stock on the bottom and get a quick bounce before it officially dies. That is usually what happens. Not this one! Chinese stocks have a rhythm and a pattern to them, but every now and again, I get into a stock like this one and I regret it. It's infuriating what these scammers do. I was in ATMC and a chunk of my money has been stuck in that for months while these scammers ran off into the sunset with their merger that will probably never happen. And that one probably had a Nasdaq insider to halt it knowing damn well the merger wasn't happening by the deadline.
I figured out that when a stock is about to pop hardly anyone knows about it. It stays quiet. No one is promoting it on a discord or social media. All the ones where I made money I saw nothing about them just jumped in when they were running and by the time people found out about it - it was already over.
I said it before, one day someone is gonna Luigi one of these scammers. I won't shed one tear over it. Like you said this is people's hard earned money. We work hard for it and we just are trying to get ahead because as a regular person, the cost of everything is going up, while wages stay stagnant. Trading stocks is how I pay for extra things. Truly vile when these guys are making millions and don't want us to make a few thousand dollars. It's gross and everything that is wrong with society. Ok goodnight and good luck with this!

Nasdaq tolerates it because us regular people are on the losing end of it 90% of the time. And when we aren't trust me they are halting to no end to kill that momentum and if Nasdaq isn't doing it, the shorts come in. This entire system is designed to keep the poors poor. And in fact I'd go so far as to say it's designed to take our money, just like a casino.
Just look at the pattern day trading rule. I can't think of a rule that is more obvious about wanting to keep the poors poor. You have to have 25k in your account or you are only allowed 3 day trades in a 5 day period. It's complete bullshit. So if you don't have 25k in your account, or you have spread it out over multiple brokers (I trade stocks in 3 places), you are stuck in bad trades if you are close to your limit or at it.
There is no reason behind this rule other than, they want rich traders to have an advantage, and poor people stuck in trades they can't get out of. Nothing takes your money more than that rule. If people could get out of these trades when they are dropping, they wouldn't get destroyed out here. I didn't want to use a day trade yesterday over a few hundred dollars. I of course didn't realize this shit was going from the trash can to the gutter today. Yes I could switch from a margin account, but then the funds take 24 hours to settle by then the trade or the stock is over or has run.
This is a rigged casino. I study Chinese stocks because you can try to be at the machine when it's about to pay out with your bucket ready if you timed it right. I've made some money and some have gone bust. What I don't like is when they have the intent of ripping us off and leaving us bag holders. Like this stock was a literal set up. I saw the set up and thought I can be on the back end, catch the stock on the bottom and get a quick bounce before it officially dies. That is usually what happens. Not this one! Chinese stocks have a rhythm and a pattern to them, but every now and again, I get into a stock like this one and I regret it. It's infuriating what these scammers do. I was in ATMC and a chunk of my money has been stuck in that for months while these scammers ran off into the sunset with their merger that will probably never happen. And that one probably had a Nasdaq insider to halt it knowing damn well the merger wasn't happening by the deadline.
I figured out that when a stock is about to pop hardly anyone knows about it. It stays quiet. No one is promoting it on a discord or social media. All the ones where I made money I saw nothing about them just jumped in when they were running and by the time people found out about it - it was already over.
I said it before, one day someone is gonna Luigi one of these scammers. I won't shed one tear over it. Like you said this is people's hard earned money. We work hard for it and we just are trying to get ahead because as a regular person, the cost of everything is going up, while wages stay stagnant. Trading stocks is how I pay for extra things. Truly vile when these guys are making millions and don't want us to make a few thousand dollars. It's gross and everything that is wrong with society. Ok goodnight and good luck with this!