171–180 of 364 posts
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That's not what he said.
It's absolutely what he said. Political correctness is a right-wing term used when they want to call somebody X, but may face social consequences for doing so. It's not a wealthy western phenomena. It's global and it's as old as the hills.
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…
> there's no where near enough volume there to move anything I was imagining that some big money quant fund had written bots and scrapers to use r/wsb as an algorithmic amplifier since over time they can make money on tiny shifts. Or maybe that would just make a good movie plot.
So I was one of the first people on Wallstreetbets to post options YOLO around 2015, back then it was nothing but rainbow dick banners and penny stocks. I had previously interned at a brokerage and had just graduated college with a degree in physics(I understood the math behind options). Not hearing back from quant trading firms because I guess BSc is not enough for them, I said fuck it and started taking speculative…
Total system? its mostly a zero sum outcome against normal incremental gains. Individuals? huge swings. Many snakes and few ladders. Feels like you got onto a ladder but (if I read this right) also got off on a higher cloud, than you entered.
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…
It's still at $780, so whether they were the effect or not it's held some permanence.
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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.
No, please do _not_ drop a double opt-in on this or any situation where you're collecting email addresses. People mistype email addresses all the time. Always verify email addresses before using them. (This is a personal pet peeve since I have a short email address that tons of people sometimes think belongs to them, and get a huge amount of mail intended for other people.)
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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…
So your theory is that they're terrible traders, and your evidence is that they made huge profits on call options?
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…
No, the article got it right. It's annoyingly common for people commenting on a subreddit to use a shortened name of the subreddit when discussing it. Since reddit will link you to anything starting with "r/", sometimes there's no subreddit there, sometimes mods will claim it just to be safe, and sometimes it's a cow. (r/cow = r/competitiveoverwatch)
I love WSB, though. It's been a constant source of laughter and entertainment over the past few years. Now that it's hit the mainstream, I hope the wild culture doesn't dilute down too much.
Never underestimate the survivorship bias in public stock picking forums. Reddit is no exception. There are a few honest stories of losses and failure in WSB, but the majority of loss stories or bad picks quickly fade into obscurity or are deleted by their original posters. What remains are the highly-upvoted success stories.
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> 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…
> pretty unique to the wealthier segments of the West and Europe. Thank you for letting me know that Asia has no complex rules about how to address people, and no social consequences for failure to obey those rules.