RIP sleep

[u/orhan_drsn]

[u/wallstreetbets-ModTeam]

Thanks for your submission to Wallstreetbets!

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[u/karsparskambala]

I see so many alcohol motivated transactions.

[u/alex091378 → u/karsparskambala]

Calls on divorce lawyer firms I guess

[u/Jifeeb → u/alex091378]

10/10

[u/TrickSingle2086 → u/alex091378]

Which etf is that?

[u/alex091378 → u/TrickSingle2086]

$PRHUB

[u/PhoenixAZisHot → u/TrickSingle2086]

$FUCKED

[u/luckman212 → u/TrickSingle2086]

/HALF

[u/BedContent9320 → u/luckman212]

HALF+ 

Lets be honest here, they don't just take half.

[u/Sizzlinbettas → u/BedContent9320]

can confirm

[u/G40Momo → u/alex091378]

Gotta keep Economy moving 🤨

[u/EggComprehensive3744 → u/alex091378]

Longs on Better Call Saul

[u/Competitive_Mix3627 → u/karsparskambala]

This is my issue anyway market opens about 9pm in Thailand and I only cash out when I have to pay the strippers.

[u/5-Second-Ruul → u/Competitive_Mix3627]

So 9:02?

[u/uncapped_upsidez → u/Competitive_Mix3627]

100 baht?

[u/Adaminium → u/uncapped_upsidez]

An extra 30,000 if you can prove you’re genetic females.

[u/nanomindandsoul → u/Competitive_Mix3627]

555

[u/DieCastDontDie → u/karsparskambala]

Coke has entered chat

[u/Shabushamu → u/DieCastDontDie]

Coke never left the chat my friend

[u/Palladium- → u/DieCastDontDie]

Coke entered the chat in the late 70s

[u/SignificantGlove9869 → u/Palladium-]

actually in the roaring 20s.

[u/56000hp → u/DieCastDontDie]

Calls on Coke

[u/LaserGuy626 → u/DieCastDontDie]

One of my worst crypto trades on a shitcoin exchange in 2017 was this right here at 3am.

[u/[deleted] → u/DieCastDontDie]

What can go wrong?

[u/qualmton → u/[deleted]]

The algorithms need time to rest too

[u/DieCastDontDie → u/[deleted]]

Absolutely nothing

[u/weaponized_teletubby → u/karsparskambala]

Imagine being piss drunk trading options at 3am, passing out, and then waking up a millionaire.

[u/94FnordRanger → u/weaponized_teletubby]

Imagine being a millionaire piss drunk trading options at 3am, passing out, and then waking up a hundredaire.

[u/sembias → u/94FnordRanger]

Straight to the top floor window and out.

[u/CapeTownMassive → u/94FnordRanger]

Most options traders don’t have to imagine that.

[u/Far-Orange-3047 → u/weaponized_teletubby]

That’s the spirit.

[u/Few_Bags → u/weaponized_teletubby]

That’s what you’ll dream that night while passed out, only to wake up again for real this time to your fucked up port

[u/Frites_Sauce_Fromage → u/karsparskambala]

Or the beginning of crisis not being resolved right away anymore because of the people usually fixing it sleeping

Edit : algorithms are gonna fuck us badly

[u/Various-Ducks → u/karsparskambala]

So same as always

[u/Narrow-Height9477 → u/karsparskambala]

They aren’t already all alcohol fueled? They’re not supposed to be. Have I been doing this wrong?

[u/SocraticGoats]

Can't wait for a drunk hedge fund manager who found his wife in bed with the pool boy to tank the market at 3am after he finishes off the opus one bottle

[u/Wise-Hippo6088 → u/SocraticGoats]

If he is drinking Opus then he prolly doesn't know what he's doing. I'll allow it

[u/DieCastDontDie → u/Wise-Hippo6088]

OGs know it's all about hookers and blow

[u/Vreas → u/DieCastDontDie]

Will the hookers come with tramp stamp mounted real time stock iPad screens so you can multi task?

[u/DieCastDontDie → u/Vreas]

They come with deeZ

[u/OrgAusM → u/Vreas]

Some sort of back of the head mount for a tablet.

[u/MysticEmberX → u/Wise-Hippo6088]

Overpriced just like his services

[u/mortgagepants → u/SocraticGoats]

i guess it makes perfect sense then that the SEC was working on Thanksgiving day to approve this. how apropos.

[u/_name_of_the_user_ → u/mortgagepants]

apropos

The temerity you display by using a word that 99% of these regards won't know how to read is nothing short of inspiring. Well done. Now let's see how many google hits "define apropos" gets over the next day or so.

[u/BlueKnight44 → u/SocraticGoats]

Meh big hedge funds just usa AI and insider trading now. Managers are for poor people. This is just so that they can more easily manipulate the market at night when trade volume is low and people are not paying attention.

[u/deaglebingo → u/BlueKnight44]

YES.

[u/Careful_Aide6206 → u/SocraticGoats]

I’ve seen my buddy at a top 3 HF trade shit in Japan/Australia on a smoke break at a warehouse rave while on acid and ketamine. Opus is sorta mid wine

[u/Zackattackrat → u/Careful_Aide6206]

Does your buddy get a lot of pussy in japan?

[u/Careful_Aide6206 → u/Zackattackrat]

He owns a cat so yeah 👍. Also he doesn’t live in Japan, just trades their markets on east coast hours, I thought that was the context of this post

[u/FullyStacked92]

This is one of the milestones they point back to after the world economy collapses.

[u/backfrombanned → u/FullyStacked92]

Yeah it's a ridiculous move for big money to churn non stop. At least they protecting the little people with PDT tho lol

[u/wouldiwas1 → u/backfrombanned]

does the new policy include something about PDT?

[u/dfddfsaadaafdssa → u/wouldiwas1]

No, it was a comment about how PDT rules have the opposite of the intended effect, as people end up staying in positions longer than they should. It really hurts when doing short duration options due to theta.

[u/seemefly1 → u/dfddfsaadaafdssa]

I am people, it's fucked me more times then I can count

[u/BedContent9320 → u/backfrombanned]

Happy IRS noises

[u/deaglebingo → u/BedContent9320]

omfg. now i need to know what this sounds like. i can almost hear it but cannot crystallize

[u/Aezu → u/backfrombanned]

Only applies to mainly US citizens tho

[u/SmoothBrainSavant → u/FullyStacked92]

Welcome to the crypto wild west show. 

[u/unihornnotunicorn → u/FullyStacked92]

Just wait until Assistant to the Regional POTUS Musk deletes the SEC completely.

[u/AnotherThroneAway → u/unihornnotunicorn]

I'm sure that overblown crank whore will just try to be SEC chair himself, and delete it if he can't

[u/Creamofwheatski → u/FullyStacked92]

Between this and Trump getting interested in and involved with crypto, its a race to the bottom at this point. 

[u/DyerNC → u/Creamofwheatski]

Yes. Let's collect all the masses money and we can fu*k them good.

[u/Sickashell782 → u/FullyStacked92]

Came here to say this…. Freaky stuff!

[u/wesap12345 → u/[deleted]]

The traders being forced to stop is the only thing that puts a stop to everything else going on in the back and middle office.

This is a nightmare for the junior staff on those teams.

If this leads to round the clock trading are we going to have night shifts for finance jobs?

[u/Gold_Accident1277 → u/wesap12345]

Yeah pretty much created 3 jobs for every 1 person working in the stock market

[u/Leather_Floor8725]

This will benefit automated trading at the expense of regular people

[u/NastyNas0 → u/Leather_Floor8725]

Yeah that’s why they did it

[u/yahoo9192 → u/NastyNas0]

He was so close. Should’ve let him put the final pieces together himself

[u/SmoothBrainSavant → u/Leather_Floor8725]

Bro ask chatpgt to build you a python based algo trader.. then give it access to your bank accounts l. What could go wrong. Passive income. Edit: :/ 

[u/far01 → u/SmoothBrainSavant]

Passive income means that you will passively get the come in

[u/TDAPoP → u/SmoothBrainSavant]

See, this is why you're the smooth brained savant

[u/Alendro95 → u/SmoothBrainSavant]

so call on AI?

[u/SmoothBrainSavant → u/Alendro95]

Thats my operating strategy until it prob causes the next financial crisis, too big to fail now, they will reshape society to find the use cases for their stuff. Ai agents trading for you etc is just the start. Whats that saying “people overestimate shit early on but underestimate it on the longterm” or something to that effect. 

[u/deaglebingo → u/SmoothBrainSavant]

yes i will do this immediately thank you.

.

.

.

i am poor now.

[u/LiferRs → u/Leather_Floor8725]

I mean, chances are all trading volume are 95% HFT. Why are we kidding ourselves focusing on the 5% human traders? You can trade US stocks in overseas exchanges to work around the hours or choose brokerages like IBKR for 24/5 trading.

I’m all for it. Overnight gap ups/downs driven by overseas markets are so stupid and this policy will make them less prominent going forward.

Just automate it yourself lol.

[u/Lebowski304 → u/Leather_Floor8725]

How do I get in on this automated train?

[u/outofband → u/Lebowski304]

You put money in the techbro’s wallet.

[u/cyrus709 → u/[deleted]]

How does something get 700 upvotes in 4 minutes? Bot that’s how.

[u/MajikoiA3When]

now they can pump and dump us 24/7, lovely

[u/SimonRain → u/MajikoiA3When]

They can extract my hard work that I invest in stocks I know nothing about while buying high and selling low

[u/RussianPravda → u/MajikoiA3When]

Would it actually be 24/7 or would it be 24hrs 5 days a week?

[u/Independent_Ad_2073 → u/RussianPravda]

It’s technically going to be 23/5. Weekends are still safe….for now

[u/RussianPravda → u/Independent_Ad_2073]

Thanks 24/7 would be even more chaos

[u/InterestingThought33]

Stop loss has entered the chat … you guys have never met him.

[u/Cornbread3490 → u/InterestingThought33]

Who needs a stop loss when you can stare at your phone with your leg bouncing like a sewing machine

[u/Arctic_snap → u/InterestingThought33]

On top of this, most movement happens in off the market exchanges pre - and post market; which in essence, put retails at a disadvantage. It's a false sense of security, for markets to be closed, because they really aren't. You are secure when close the position. The people crying about this really shouldn't be trading if they can't sleep "now that the markets are always open." Ultimately, I think this is far more fair.

[u/alice2wonderland → u/Arctic_snap]

Some of us have accounts that permit pre and post market trades. Albeit, you need to factor in that there are rules that say "whales first" so it's still harder for retail to trade in the after hours. For my part, I liked having a pause on all trades for at least some of the hours in a week. This favours algorithm bot trading for sure, and sounds like a recipe to discover much more about the impact of computer glitches.

[u/alexunknown91]

What a time to be a degenerate

[u/gmesolider]

I left crypto market for sleep,now i have to left stock market too

[u/acecant → u/gmesolider]

Just invest in European market to get some sleep!

SEC hates this trick

[u/Interesting-Seat471 → u/acecant]

What do you mean?

[u/Ruadhilian → u/Interesting-Seat471]

Because we have strict rules about everything.

[u/mrfocus22 → u/Ruadhilian]

Oi, you got a license to criticize the brits like that?

[u/anonymous8274838 → u/Ruadhilian]

Pinky out while trading sir!

[u/AdCreepy6464 → u/gmesolider]

What is left then?

[u/OA12T2 → u/AdCreepy6464]

Your mom

[u/73firebird_ → u/OA12T2]

She is also 24h confirmed

[u/AdCreepy6464 → u/OA12T2]

Sure! She is giving me the money she earns from you to invest in the stock market again - you ain't getting out of this.

[u/trabuco357]

A mistake…markets need resting time…this will only benefit algo trading.

[u/RevolutionaryFun9883 → u/trabuco357]

Yeah I don’t need to be paranoid about my positions while I’m asleep as well, I do that in the day. This subreddit will turn in to a bunch of nervous wrecks running on 2 hours sleep if this happens

[u/Feinberg → u/RevolutionaryFun9883]

Wait... are you saying that all these yolo smoothbrains are stable and well-rested now? That's pretty damn unsettling.

[u/lkeltner → u/trabuco357]

That's the point.

[u/SmoothBrainSavant → u/lkeltner]

Gotta keep juicing them ai stocks -> Next step, personal/customized ai agents trading for you 24/7. imagine spawning a dozen ai agents all acting like your personal trading team ala wall street in the 90s when they had people in the offices doing it. In a wsy its kind of cool/kinda dystopian/kinda wverything is made up and nothing mean anything.. but oh well. Otheriwse for the 24hrs stuff, the hedgies and big banks have been running trails on all that shit (algos and now ai agents) with crypto, and now that they have it down they are moving them into the main markets. Its a logical evolution on our unrelenting progress toward a cyberpunk dystopian hellhole. Better be rich cause youll be effed otherwise. 

[u/Trading_ape420 → u/SmoothBrainSavant]

Well you do know everything is made up and means nothing right? That's just a logical is. Not good or bad but just is. No way around it. It's us humans that want to have meaning with things cuz our egos need to feel important when in all reality no individual can ever be important. Just sheer size of population and even more, the whole universe ie infinity. 1 of 8 billion of anything can't be important. Let alone beyond the planet.

[u/who_am_i_to_say_so → u/trabuco357]

And big movements can and will happen overnight. Sleep well!

[u/k1netic → u/trabuco357]

This will just drive more investment to the “safer” Mag 7 stocks and ETF indexes

[u/ModifiedLeaf → u/trabuco357]

Futures already trade a 23 hour days. 6pm-5pm. They also start trading at 6pm on Sundays.

[u/yes_ur_wrong]

Unless it's options, I don't care.

[u/bigboyvapesinc → u/yes_ur_wrong]

Same I couldnt care less about 24hr market if I can’t unload my weekly stupid options play

[u/Rcarjr → u/bigboyvapesinc]

You can lock-in profits by shorting the stock (or going long if they are puts).

[u/Snoo_8406 → u/Rcarjr]

No really, that's a direction play, options are a vol play. You can 'slightly hedge' 

[u/Various-Ducks → u/yes_ur_wrong]

If theres no options this whole thing is a waste of time

[u/soploping → u/Various-Ducks]

U realize that literally every hack to make easy money is closed off

[u/Various-Ducks → u/soploping]

Idk some guy went from $990 to $1,000,000 in a week last month. And if he wasnt completely regarded he would still have it.

[u/StockCasinoMember → u/Various-Ducks]

But him being regarded is why that happened in the first place.

[u/Various-Ducks → u/StockCasinoMember]

Good that means it can happen to me too

[u/L2F_mens_thickcheeks → u/yes_ur_wrong]

U can be that broke

A big way to make money is just to buy 10k Apple shares and wait for it to go up 1$

Then use that 10k cash to buy escorts and new balance shoes and KFC

That’s true gambling mayne

[u/noClip2 → u/L2F_mens_thickcheeks]

So u need over 2 mil to buy 10k aapl shares

[u/No_Change9101 → u/noClip2]

2 mil to make 10k. Easy

[u/carpundit]

Just like a casino!

[u/Lebowski304 → u/carpundit]

For real. This is gonna create a rift between retail and the “smart money”. They always gotta find a way to keep an edge

[u/ConfusedKanye]

About fucking time we keep this shit open around the clock. I DONT NEED ANY Semblance OF STRESS FREE MOMENTS IN MY LIFE

[u/zmbjebus → u/ConfusedKanye]

Weekend trading? I hated all that time with my family away from my phone, finally I can stop relaxing

[u/ileanre]

[u/A_Light_Spark → u/ileanre]

False advertisement. Even owls sleep.

[u/wolfpack202020 → u/A_Light_Spark]

That's why he drinks coffee.

[u/SBSWrongSpeed]

Not only can your wife be pumped and dumped while you sleep, but your portfolio can be as well.

[u/InvestigatorLegal686 → u/SBSWrongSpeed]

That's the norm for me now anyways

[u/MedicaidFraud]

Extended hours trading already exists and I sleep during that. Big boys will still play during market hours. This changes nothing.

[u/euricka9024 → u/MedicaidFraud]

It probably just ruined the lives of a few hundred/thousand junior associates at the various banks across the country. Investment banking as a career is about to get a lot worse.

[u/Namehisprice → u/[deleted]]

Right?? They must be confusing S&T with IB. Even S&T would likely not be significantly impacted because the bulge brackets already have large enough infrastructures to hire slightly bigger teams to monitor round the clock activity. Its smaller fundamental LO and L/S teams that would be kind of boned.

[u/ztbwl → u/euricka9024]

Good. They earned too much for what they did anyways.

[u/kwijibokwijibo → u/MedicaidFraud]

Yep, not even just extended hours - 24 hour already exists. I can trade this shit at any time of the day on weekdays

Absolutely nothing changes

When they open up weekend trading, then it's newsworthy

[u/rbentoski → u/MedicaidFraud]

Everyone acting like the sky is falling because they may now have the same trading ability as the big guys. This is a plus, not a minus.

[u/idkwhatimbrewin]

Not for options so you're fine buddy

[u/WackFlagMass → u/idkwhatimbrewin]

Wouldnt it better if options could be traded 24/7? Then we wont have to sit by uselessly unable to close positions when the stock prices fluctuate overnight anymore

[u/Round_Telephone1862]

So much more loss porn incoming. I'm game

[u/N1nfang]

this is regarded, having some breathing space in between days/weeks was good.

[u/Jack0fTh3TrAd3s]

Fucking finally.

Let's undo banks being closed on holidays when people don't get time and a half to show up too.

And reopen late night businesses.

Fuck it. Let's just make night time equal to day time.

[u/MajorKeyBruh]

Theres so many eyes on the market now they need a way to tank it overnight

[u/Minimum-Broccoli-615]

Calls on amphetamine

[u/FunHegemon]

As if algorithms didn't dominate the market enough, good luck to any retail investors that don't want to get fucked by algo trading overnight.

[u/Terrapins1990 → u/FunHegemon]

Exactly this would be insane

[u/libben]

Yeah but in what market.

[u/nuknoe → u/libben]

Super Market

[u/DjMDMAPhd → u/libben]

Boston Market

[u/maxmcleod → u/libben]

Fish market

[u/hangrygodzilla → u/libben]

Bull market

[u/orhan_drsn → u/libben]

Stock Market

[u/amrasmin → u/libben]

Facebook Marketplace

[u/Ok-Pen-7196 → u/libben]

Flea Market

[u/amrasmin → u/Ok-Pen-7196]

Wuhan Wet market

[u/0uchmyballs → u/libben]

The one that starts with N

[u/Confident-Country123 → u/0uchmyballs]

Wasn't that abolished?

[u/zmbjebus → u/Confident-Country123]

Might come back

[u/khanhncm → u/libben]

US market

[u/physicsking → u/khanhncm]

Unnecessary Sleep Market

[u/Puglife1215 → u/physicsking]

Farmers market

[u/Silberling36g]

Totally bullish

[u/jeep_jeep_dude]

[u/alice2wonderland → u/jeep_jeep_dude]

Welp. Here's one meme that came true.

[u/eaglebtc]

I'm calling it now: this rules change will be identified as the catalyst for this century's Great Depression, and the market will crash some time during Trump's next term, probably between the solar eclipse of August 2027 and the Olympics in July 2028. Wealth inequality is already insanely high. A 24-hour market run by bots will cause investor panic.

[u/Entire_Wishbone_1168 → u/eaglebtc]

Sounds like a really good buying opportunity.

[u/alice2wonderland → u/eaglebtc]

Sounds quite feasible. Unfortunately. 😕

[u/starscourage → u/eaglebtc]

!remindme 1095 days

[u/TheGeoGod]

Open the casino 🎰

[u/IthertzWhenIp5G]

When will this take effect?

[u/Bloktopian]

Oh fun, another way to fuck us

[u/jesus_does_crossfit → u/Bloktopian]

more like a way to ensure we're getting more foreign money piling in.. everything is bullish if you wait long enough.

[u/Entire_Wishbone_1168 → u/jesus_does_crossfit]

This means I can retire anywhere in the world and still have good market trading times. As of now if you live in some countries it limits you to what your investing in due to markets being closed. The whole reason crypto is so popular in Asia. There options are stay up all night trade the market or sleep at night and trade other markets. This will bring lots of funds to the market and over time will stabilize.

[u/vnfigueira03]

Nah this is such a bad idea

[u/No_Feeling920]

Trading already exists outside of the regular hours (e.g. among retail clients of the same select brokers offering this). The real problem, though, is attracting market makers and liquidity in general, to participate around the clock. Otherwise, you'll get really bad bid-ask spreads and thin orderbooks, unable to take any serious buying or selling pressure without wrecking the price.

Liquidity and participation is what prevents serious competition in the exchange market in general. Regardless of how low your fees are or how technically superior your trading platform is, you won't steal market share for yourself, because participants simply stay, where the spreads are the narrowest (where they can get the best prices for their orders). This creates insane momentum and a barrier of entry for new players (beside the obnoxious levels or regulatory requirements).

Opening a new exchange is not like opening a new supermarket.

[u/nlurp]

No more opening snacks

[u/HungryLikeTheVVolf]

I'm probably the only one that would love it to be just an hour a day. You only have to pay attention for a little bit.

[u/Puddwells → u/HungryLikeTheVVolf]

That would be an absolutely insane hour of the day, but it sure would be entertaining

[u/WackFlagMass → u/Puddwells]

That's basically what the first hour of market open already is like though

[u/Puddwells → u/WackFlagMass]

I mean sure but there are still crazy swings throughout the day sometimes. Imagine ALL of the day packed into 1 hour.

People would literally have heart attacks trying to buy and sell quickly.

If the internet went out? Death.

[u/lilwtfwtf84]

Calls on cocaine

[u/RemoveWorking6198]

One way of killing population quickly

[u/azsheepdog]

earnings reports should be interesting

[u/Terrapins1990]

This is nuts. Extending the hours makes more sense but 24 hour exchange is just insanity and the only ones who will generally benefits are hedges/banks with tons of servers and algos working around the clock

[u/Swwert]

No options no care

[u/Mr-Java-]

I wonder if this will be an optional thing for companies? Most in particular I wonder how Quarterly reports will be handled, as there would no longer be a pre-market-open and after-market-close.

[u/cadomyavo]

This is a terrible idea but hey at least the illegal after hours trading won’t be a thing anymore

[u/KJ6BWB]

Do not trade on that exchange. It's being run by the same guy who previously pleaded guilty to insider trading. They'll delay your trades by a few seconds while they jump in early. Basically, there will be ghost charges for all your trades.

[u/zztop610]

Fuck it. Line me up some nose candy

[u/Layer_3]

Will there still be a need for the futures market?

[u/unknownnoname2424]

They should now come up with hourly options... Matches well with the 24 hour trading so I can keep the Casino 🎰🎲 players happy by writing hourlies thereafter instead of the weeklies I write ✍️

[u/HairOk481]

No way

[u/weisumyungho]

What does this mean for our wives boyfriends

[u/Mnshine_1]

Noooo

[u/Sn0wfl4me]

"Laugh in crypto bro"

[u/ClitBiggerThanDick]

AI doesn't sleep

[u/hustler4667]

Calls on divorce law firms.