Yes people are "greedy" who trade stocks. GTFO of here with that hype shit.
How dare these filthy peasant redditors profane our sacred and pure institution of derivatives trading with their foul lust for social mobility?
Reddit’s profane, greedy traders are shaking up the stock market
201–210 of 364 posts
Re: Reddit’s profane, greedy traders are shaking up the stock market
#202Never 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.
It sounds like you've never been to WSB- the loss stories are always the highest upvoted
Re: Reddit’s profane, greedy traders are shaking up the stock market
#203Earlier quoted context omitted.
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…
I'll remember this next time I'm in South Chicago and all those privelaged people get triggered when I use the N-word
Re: Reddit’s profane, greedy traders are shaking up the stock market
#204Earlier quoted context omitted.
It's a bunch of mumbo jumbo from someone that takes the academic side of finance too seriously (LTCM anyone?). In plain English: Options are basically a contract, with a time limit, that states the holder can buy a certain amount of stock at a certain price. "Options dealers" are the people who wrote the contract and sold it to another party. They are on the "hook" for fulfilling the terms, if the buying party wishes…
I am one of the best options traders in the world. Options dealers don't necessarily sell options. They can also buy them. And "writing" an option means to sell it, so "wrote the contract and sold it" is redundant. Options dealers are not automatically short all of the contracts that they sell. They may already have a long position in that option contract, in which case their sale is a closing sale. Also, I think you…
A comment I'm sure you expected you'd get on this forum: you're gonna have to elaborate a bit on/defend a bit that opening line there about being one of the best options traders in the world.
Re: Reddit’s profane, greedy traders are shaking up the stock market
#205Come 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…
Tea leaves, charts, greeks - why should word of mouth be discounted? Like poker, you play the people not the cards.
Re: Reddit’s profane, greedy traders are shaking up the stock market
#206I have a pet conspiracy theory that WSB is used by insiders to signal trades to each other disguised as sh*tposts and hidden among the rest of the overwhelming noise. 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.
If anything, the larger audience is making it even more ridiculous
Re: Reddit’s profane, greedy traders are shaking up the stock market
#207As 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…
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Re: Reddit’s profane, greedy traders are shaking up the stock market
#208Come 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. Wh…
PS. Individual names:
Re: Reddit’s profane, greedy traders are shaking up the stock market
#209I have a pet conspiracy theory that WSB is used by insiders to signal trades to each other disguised as sh*tposts and hidden among the rest of the overwhelming noise. 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.
it’s not insider trading if the info is public /s
Re: Reddit’s profane, greedy traders are shaking up the stock market
#210Earlier quoted context omitted.
I am one of the best options traders in the world. Options dealers don't necessarily sell options. They can also buy them. And "writing" an option means to sell it, so "wrote the contract and sold it" is redundant. Options dealers are not automatically short all of the contracts that they sell. They may already have a long position in that option contract, in which case their sale is a closing sale. Also, I think you…
A comment I'm sure you expected you'd get on this forum: you're gonna have to elaborate a bit on/defend a bit that opening line there about being one of the best options traders in the world.
> I am one of the best options traders in the world.
The best traders in the world are worth billions? So the above translates to "I am a billionaire". Seems unlikely!