Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

bloomberg.com

Post reply on HN
Print view View original

131–140 of 364 posts

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

#131

Post by scythe »

plouffy wrote: post #121
AnotherGoodName wrote: post #29

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…

>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.

Doesn't this make it more likely, rather than less likely, that HFT algos are affected by WSB madness?

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

#132

Post by denkmoon »

xiaoxiae wrote: post #130
yhoneycomb wrote: post #122

Earlier quoted context omitted.

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

Care to explain?

r/wallstreetbets is not politically correct. It is shitposting of a magnitude not seen since the heyday of 4chan. (Their motto is "if 4chan got a bloomberg terminal")

In other words, he's upset because people put mean words on an imageboard.

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

#133

Post by hrdwdmrbl »

totalZero wrote: post #98
AnotherGoodName wrote: post #29

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…

Some of this can also be a totally legitimate result of putting dealers short gamma. When options dealers are short contracts, their delta hedging activity (ie, their effort to reduce first-order risk to the share price by buying or selling a commensurate amount of stock) contributes to the momentum of a large move, because dealers' hedges chase the stock. If this explanation is unsatisfactory, look up "short gamma"…

I love finding comments like this where I understand very little. (I am not being sarcastic). Excellent for learning.

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

#134

Post by Loughla »

xiaoxiae wrote: post #130
yhoneycomb wrote: post #122

Earlier quoted context omitted.

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

Care to explain?

I'm going to guess, based on what I know about diversity and inclusion.

It's the fact that people are called retards, autists, and homophobic slurs. To some it's about "having thick skin". To others it's about normalizing "hate speech".

It really depends on what your life experience is to determine which camp you fall in. If you've been on the receiving end of hate speech or discrimination, you tend to be in the second camp. If you've lived a relatively privileged life in terms of 'fitting in' to the world around you, you tend to think people just need to grow thicker skin.

And this disagreement between those two groups sums up like 95% of all social media posts right now.

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

#135

Post by sarakayakomzin »

denkmoon wrote: post #132
xiaoxiae wrote: post #130

Earlier quoted context omitted.

Care to explain?

r/wallstreetbets is not politically correct. It is shitposting of a magnitude not seen since the heyday of 4chan. (Their motto is "if 4chan got a bloomberg terminal") In other words, he's upset because people put mean words on an imageboard.

>In other words, he's upset because people put mean words on an imageboard.

that's a lot to infer from a single sentence. do you offer a better warranty than Best Buy? I'm looking for a new projector.

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

#136

Post by 0_gravitas »

denkmoon wrote: post #132
xiaoxiae wrote: post #130

Earlier quoted context omitted.

Care to explain?

r/wallstreetbets is not politically correct. It is shitposting of a magnitude not seen since the heyday of 4chan. (Their motto is "if 4chan got a bloomberg terminal") In other words, he's upset because people put mean words on an imageboard.

ikr, and honestly, I mean, at least compared to what i've seen in some other places on reddit, wallstreetbets is pretty tame, still politically incorrect, but the worst ive seen is them calling both themselves and others "gay bears" and "autists". ive definitely seen far worse and more mean-spirited elsewhere

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

#137

Post by hnick »

shiftpgdn wrote: post #38
cdiamand wrote: post #25

Hey! I'd like to shamelessly plug my new project here: https://topstonks.com We're writing about this speculative culture emanating from WSB and 4chan in a daily email. We send out a list of the most mentioned stocks, and do a longer form commentary, with quotes from those communities a few times a week. It's just an email now, but we're going to roll out options analysis and a few other goodies in the coming weeks :…

FYI: Since you're in the US you can drop the double opt in on your news letter. I'd setup your page to feed to an Excel sheet or something and use that to feed into your email sending software.

I guess the US tobacco company that sends me emails with a helpful footer "You are receiving this message because you consented" took your advice.

I could be a minor and they wouldn't have a clue.

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

#138

Post by missosoup »

Loughla wrote: post #134
xiaoxiae wrote: post #130

Earlier quoted context omitted.

Care to explain?

I'm going to guess, based on what I know about diversity and inclusion. It's the fact that people are called retards, autists, and homophobic slurs. To some it's about "having thick skin". To others it's about normalizing "hate speech". It really depends on what your life experience is to determine which camp you fall in. If you've been on the receiving end of hate speech or discrimination, you tend to be in the seco…

> If you've been on the receiving end of hate speech or discrimination, you tend to be in the second camp. If you've lived a relatively privileged life in terms of 'fitting in' to the world around you, you tend to think people just need to grow thicker skin.

As someone who fell into category 1 for most of my childhood, I think you have the labels reversed. I think it takes a tremendously sheltered privileged life to get offended by such weak words, especially when they're clearly in jest. Thick skin comes from being exposed to the realities of the world and having an idea of the magnitude and context of e.g. those memes compared to actual hate speech such as I experienced.

It's not a case of 'people who never experienced hate speech think its ok', it's a case of 'people who experienced real hate speech can differentiate it from crude jokes and shitposts'

If anyone remembers Jay Austin and Lauren Geoghegan, the American couple who went to Tajikistan and started video blogging to show that 'all humans are kind' and promptly got murdered by ISIS because they had no idea how dangerous the country was? That's the kind of sheltered privileged demographic that gets offended by shitposting. They have no clue what actual hate or actual danger looks like.

Political correctness and victim culture are pretty unique to the wealthier segments of the West and Europe.

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

#139

Post by adnzzzzZ »

Loughla wrote: post #134
xiaoxiae wrote: post #130

Earlier quoted context omitted.

Care to explain?

I'm going to guess, based on what I know about diversity and inclusion. It's the fact that people are called retards, autists, and homophobic slurs. To some it's about "having thick skin". To others it's about normalizing "hate speech". It really depends on what your life experience is to determine which camp you fall in. If you've been on the receiving end of hate speech or discrimination, you tend to be in the seco…

>It really depends on what your life experience is to determine which camp you fall in. If you've been on the receiving end of hate speech or discrimination, you tend to be in the second camp. If you've lived a relatively privileged life in terms of 'fitting in' to the world around you, you tend to think people just need to grow thicker skin.

In my opinion this is backwards. You can have people who lived an extremely privileged life, they never experienced that many hardships at all, and so when they see someone being called anything that could be slightly offensive they overreact in defense of the other person, because if they were insulted in a similar manner they would really feel it strongly.

Similarly, you can have people who receive a lot of hate and don't fit in, grow a thicker skin because of it, and then tells others that they should do the same because it worked for them. Those people might have some combination of personality traits that allowed them to grow a thicker skin in the first place, so their advice will work for some people but not others.

From my life experience these two modes happen much more often than the ones you described.

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

#140

Post by endorphone »

godelski wrote: post #118
alexpotato wrote: post #35

Back in the early 2000's I worked for a company that was was hired (via intermediary law firms) by publicly listed companies to investigate pump and dump schemes on Yahoo message boards (you might call that the "Reddit of the early 2000's"). It involved a lot of web scraping Yahoo with Perl (specifically LWP) and then lots of analysis by humans with some help from automated tools. For example, if you plotted a histog…

But was P&D happening?

P&D happens with penny stocks, where a small amount of interest can yield very real change. You can't P&D with any big cap.

And the best part with P&D is that most everyone involved knew what was happening, but they played along hoping to get out before it peaks.

And it was very real. You could get the emails pimping whatever the OTC stock was and watch as it pumped up, pumped up, pumped up, and then crashed to nothing.

Post reply on HN