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

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

#221

Post by 0_gravitas »

Apocryphon wrote: post #185
dmix wrote: post #149

Earlier quoted context omitted.

The internet has generated this weird subculture of people who get really really upset at people making jokes. It has a "think of the children" sort of moral panic vibe to it. A lot of it has to do with completely ignoring any context or intention from the source material, which isn't how language works in any other context. Jokes inherently use exaggeration and extreme positions in jest which make them easy targets…

At what point does criticizing political correctness become as irritating and worthy of shunning as PC scolding itself? Because it's getting to a point where discussions are choked with anti-PC admonishments for every PC statement. It takes two to tangle, after all. Or two to go to culture war.

To be fair in this exchange, the initiating comment was very much a 'pro-PC' statement. The comment got flagged away but it was some strong wording along the lines of "being okay with any politically-incorrect stuff is 'disgusting'". IIRC disagreements and discussions are allowed/encouraged on HN.

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

#222

Post by econcon »

justanotherc wrote: post #160
reaperducer wrote: post #95

Earlier quoted context omitted.

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

Common guys, getting the phrasing right is not rocket appliances.

Wrong application becoming popular sometimes results in new phrases.

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

#223

Post by vehementi »

zelly wrote: post #214
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…

There is no way Wall Street is using trades by retail traders as a signal (except maybe to counter-trade them). Also btw Wall Street can easily differentiate trades made by big players versus hordes of retail traders, because the banks and HFT firms are who executes the trades from retail brokerages. Retail brokerages like Robinhood don't have the authority to execute trades. They subcontract to a HFT firm who then u…

This is not true of Interactive Brokers, right?

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

#224

Post by Apocryphon »

dmix wrote: post #213
Apocryphon wrote: post #185

Earlier quoted context omitted.

At what point does criticizing political correctness become as irritating and worthy of shunning as PC scolding itself? Because it's getting to a point where discussions are choked with anti-PC admonishments for every PC statement. It takes two to tangle, after all. Or two to go to culture war.

We've always had assholes who take things too far in society (Cosmo from Seinfeld/Michael Richards) was one of the first examples. He hasn't had work since and essentially committed social suicide as a response - which I think is becoming the new standard punishment and one that is way out of whack with who we are as humans. We give the appropriate social reaction, but I feel like it goes too far. People make mistake…

Every society has different mores and customs, traditions shift over time, and a lot of hand-wringing over PC ends up as tiresome as those who would militantly push PC, cluttering up discussions that have little to nothing to do with these cultural squabbles.

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

#225

Post by Scoundreller »

Brendinooo wrote: post #43
thih9 wrote: post #6

> You're in private mode. Subscribe to continue reading in private mode. I didn't realise that Bloomberg blocks private mode too. Messages like this assume that tracking is the default and make sure that we keep losing privacy. I really dislike this trend.

Firefox's containers make it easier to work around stuff like this.

Or TOR where NoScript is (should be?) the norm. Then they get less data to work with too.

Win-win!

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

#226

Post by burgerquizz »

Are the effect of the coronavirus on the stock market could be opportunity for investing? The SP500 went down 8% this past 5 days. I'm wondering if that will go lower those next days.

I have a bit amount of money on the side, I didn't know where to invest. Would now be a good opportunity to lump sum all the money, or would you Dollar Cost Average?

Anyone else with the same dilemma, and would have more arguments? Or maybe an other perspective on that?

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

#227

Post by glouwbug »

burgerquizz wrote: post #226

Are the effect of the coronavirus on the stock market could be opportunity for investing? The SP500 went down 8% this past 5 days. I'm wondering if that will go lower those next days. I have a bit amount of money on the side, I didn't know where to invest. Would now be a good opportunity to lump sum all the money, or would you Dollar Cost Average? Anyone else with the same dilemma, and would have more arguments? Or m…

Buy the dip. Something like VGRO if you're Canadian or XGRO if you're American. Hold it for 30 years. They are both low EMR and self balancing.

I am putting 2k in tomorrow morning for VGRO. If it dips another 5% I am doing 2k more.

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

#228

Post by nexuist »

rantwasp wrote: post #209
chrischattin wrote: post #178

I 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

"how can we have insider knowledge if none of us have knowledge?" - actual Reddit comment quoted from article

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

#229

Post by oh_sigh »

AnotherGoodName wrote: post #29
safog wrote: 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…

No automated system is going to go haywire because someone put a few ten or hundred thousand on a far out of the money call option

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

#230

Post by cameronh90 »

zelly wrote: post #219
mixedbit wrote: post #36

Earlier quoted context omitted.

Can they be bad at trading? https://xkcd.com/2270/

I wonder why this wouldn't work. If 90% of retail traders lose money, then why doesn't Etrade and Robinhood bet against its worst performing customers? Is there some law against this?

Consider that even if you're right 75% of the time, if you bet all your money each time, you're going to go broke pretty quickly.

Their biggest losers are probably making essentially random bets in such a stupid way that they lose all their money.

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