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Reddit’s profane, greedy traders are shaking up the stock market

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121–130 of 364 posts

Re: Reddit’s profane, greedy traders are shaking up the stock market

#121
post #23

Come on man, there's no where near enough volume there to move anything but the most low volume of stocks. All they trade in is meme stocks like TSLA, NFLX, MSFT, AAPL etc., and a few 100k on calls here or there won't budge the price in the slightest. On top of that, it's not even a P&D group, people there are just trading against each other, you have both bears and bulls and thetas. There's never been a concerted ef…

I have a theory that WSB are so bad at trading that they actually do manipulate stocks due to messing up every automated trading platform that assumes there'd be some logic to the trades being made. Someone's just bought a $1000 call option on a stock that's currently $400? Automated trading systems will probably raise alerts on that stock since someone must know something for that to happen. This appeared to happen…

"Automated trading systems will probably raise alerts on that stock since someone must know something for that to happen."

Unlikely. Automatic trading systems will not see their trades. Most (if not all) of WSB trades are done through the Robinhood app. Robinhood users are not charged transaction fees executing their trades, they can do this because they sell their flow (these orders) to HFT firms. HFT firms are willing to pay for Robinhood's flow (trades) because the average user is not an insider, has no idea what he's doing and is most likely gambling. If you're an HFT you'd rather trade with a common person, then an informed investor because maybe they know something you don't.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#122

As someone who was a very early member of /r/wallstreetbets: 1) /r/wallstreetbets and /r/wsb are two different subreddits. /r/wsb are for those that got banned from wallstreetbets 2) When wallstreetbets first started it wasn’t as crazy as it was today. There were some aggressive gamblers but there was opportunity for real due diligence and decent conversation. I contributed more than a few posts back in the early day…

“If you have a thick skin” classic hacker news. Never fails to disgust me.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#125
post #23

Come on man, there's no where near enough volume there to move anything but the most low volume of stocks. All they trade in is meme stocks like TSLA, NFLX, MSFT, AAPL etc., and a few 100k on calls here or there won't budge the price in the slightest. On top of that, it's not even a P&D group, people there are just trading against each other, you have both bears and bulls and thetas. There's never been a concerted ef…

You haven't looked at the numbers. There's so much option trading that it affects the entire market a lot:

https://themarketear.com/posts/cqKGhoO98L/image/0

Pair that with poor price discovery: few actively managed funds; shit-ton of indexation (both explicit and closet). We may, and I repeat - may, see some interesting action here. Legends like Michale Burry or David Einhorn often complain about price discovery. Which is even more strange given the fact that the number of publicly traded companies in the US was cut down in half since 1996.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#126

Earlier quoted context omitted.

Not trying to be a jerk but the phrase is "Case in point".

It's fine, for all intensive purposes. (This is what happens when a society stops reading books.)

Similar for "all intensive purposes" vs "all intents and purposes"

Re: Reddit’s profane, greedy traders are shaking up the stock market

#127

Earlier quoted context omitted.

I have a theory that WSB are so bad at trading that they actually do manipulate stocks due to messing up every automated trading platform that assumes there'd be some logic to the trades being made. Someone's just bought a $1000 call option on a stock that's currently $400? Automated trading systems will probably raise alerts on that stock since someone must know something for that to happen. This appeared to happen…

"Automated trading systems will probably raise alerts on that stock since someone must know something for that to happen." Unlikely. Automatic trading systems will not see their trades. Most (if not all) of WSB trades are done through the Robinhood app. Robinhood users are not charged transaction fees executing their trades, they can do this because they sell their flow (these orders) to HFT firms. HFT firms are will…

So you start by saying automatic systems won't see their trades and finish by saying automatic trading systems are in fact seeing their trades and playing against them?

Re: Reddit’s profane, greedy traders are shaking up the stock market

#128
post #102
post #94

Earlier quoted context omitted.

Just turn off JavaScript.

Huh, you're right. The last time I tried this (year ago) they would throw up a "Are you a robot" page.

I get that page if I turn off JS right now.

Re: Reddit’s profane, greedy traders are shaking up the stock market

#129

As someone who was a very early member of /r/wallstreetbets: 1) /r/wallstreetbets and /r/wsb are two different subreddits. /r/wsb are for those that got banned from wallstreetbets 2) When wallstreetbets first started it wasn’t as crazy as it was today. There were some aggressive gamblers but there was opportunity for real due diligence and decent conversation. I contributed more than a few posts back in the early day…

[deleted]

Re: Reddit’s profane, greedy traders are shaking up the stock market

#130

As someone who was a very early member of /r/wallstreetbets: 1) /r/wallstreetbets and /r/wsb are two different subreddits. /r/wsb are for those that got banned from wallstreetbets 2) When wallstreetbets first started it wasn’t as crazy as it was today. There were some aggressive gamblers but there was opportunity for real due diligence and decent conversation. I contributed more than a few posts back in the early day…

“If you have a thick skin” classic hacker news. Never fails to disgust me.

Care to explain?
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