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The nihilism of r/wallstreetbets

jeromysonne.com

271–277 of 277 posts

Re: The nihilism of r/wallstreetbets

#271
post #269

Earlier quoted context omitted.

u/DeepFuckingValue shits all over the writers narrative. Watch the video linked below if you disagree with me. http://www.youtube.com/watch?v=GZTr1-Gp74U&t=49m0s I guess if you are not used to interacting with people who have a sense of humour about everything and don’t take life too seriously then you are going to struggle to understand what’s going on in WSB. How can a gambler be nihilistic? Don’t you need hope to…

is roaring kitty = deepf%%kingvalue?

Yes

Re: The nihilism of r/wallstreetbets

#272
post #265

Earlier quoted context omitted.

Case in point... The reddit user (u/DEEPFUCKINGVALUE) with the largest (publicly proven) gains in the recent GME episode seeded their position with over $750,000. They first showed up on r/WSB in March of 2019 when they first publicized their position.

He started off with $50k, but the cost basis is $750k now because he's cashed out some of the position.

Thanks for the correction.

Re: The nihilism of r/wallstreetbets

#273

Earlier quoted context omitted.

I posted a quarter million GME YOLO on WSB over a week ago and it was real (ended up making around $300k and I only have 1000 shares left, so even if it went to $0 right now I'd still have a nice profit)

I saw posts yesterday asking if it's still worth buying GME at market open. I was sure these people are crazy and about to lose their asses. I just checked price action a few minutes ago and it went from $60 to $144 before selling off back to $70s. Crazy.

Have you checked lately? ;-)

Re: The nihilism of r/wallstreetbets

#274

Earlier quoted context omitted.

They say selling call options is "picking up pennies in front of a steamroller": most of the time you collect premium, and then occasionally you get run over by a steamroller. This is the steamroller.

I think you misunderstood. It was meant for those who bought the GME calls, not for those who wrote the calls.

I was more pointing out that even though "More often than not, the calls will expire worthless." is true, the quote refers to the fact that buyers of calls have limited defined risk while sellers of naked call options have unlimited and undefined risk. That's the steamroller.

Re: The nihilism of r/wallstreetbets

#275
post #169

Earlier quoted context omitted.

Unsuccessful or incompetent coup attempt is still a coup.

I guess I'll be pedantic for a moment. A coup, by definition, is a seizure of power from government. If they are not successful at seizing power, then it was not a coup.

It was an attempted coup.

Re: The nihilism of r/wallstreetbets

#276
post #169

Earlier quoted context omitted.

Unsuccessful or incompetent coup attempt is still a coup.

It's an insurrection (non-government/military attacking government property/people). A coup would be if it was another wing of the government or the military doing the attacking.

Does the POTUS count as a wing of the government? The POTUS and some members of congress? It was not a coup, but I'd call it an attempted coup.

Re: The nihilism of r/wallstreetbets

#277

Earlier quoted context omitted.

I guess I'll be pedantic for a moment. A coup, by definition, is a seizure of power from government. If they are not successful at seizing power, then it was not a coup.

It was an attempted coup.

If I show up at the capitol building alone and demand to be put in charge, is that also a coup attempt? Obviously where you draw the line is subjective, but this event never had anything close to the requisite backing to become an actual coup, so calling it that feels a bit disingenuous to me. What it was is a riot and and an insurrection, but not a coup.
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