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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

#41

Post by cdiamand »

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.

Done! Thank you for the tip :D

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

#42

Post by chipperyman573 »

mixedbit wrote: post #36
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…

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

Wow, I'm not sure if it was intentional but the alt text can be interpenetrated to be the same as GP's idea

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

#43

Post by Brendinooo »

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.

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

#44

Post by Majromax »

mixedbit wrote: post #36
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…

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

While amusing as hell, the answer to the question posed by that XKCD is 'yes'. It's trivial to give away arbitrage opportunities, so the average expected loss – especially net of transaction fees – can be substantial.

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

#45

Post by Hitton »

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.

https://old.reddit.com/r/Piracy/comments/b8z1li/how_to_get_p...

This userscript fixes that. Same protection is used in several other mainstream media websites. I have found one website which is broken by this userscript though, so I don't recommend using it with wildcard for all websites instead of the few which use this protection.

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

#46

Post by legitster »

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.

This is bad advice:

- Even if you are in the US, there is still some liability risk of EU recipients. Not super clear, but better safe than sorry.

- Double Opt-in can improve email deliverability. Clutter folders are starting to detect and filter out emails with low engagements. An opt in email forces an engagement, and weeds out bad recipients.

- It's a better all-around experience.

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

#47

Post by dnr »

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.

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.)

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

#48

Post by dsfyu404ed »

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…

Most (theoretically all) automated trading is going through some sort of risk checking software to prevent it from doing just that. The broker dealers are only allowed by regulation (enacted after the flash crash) to allow the algorithm guys to respond so aggressively (the limit is usually an internally set one but you gotta be within it or the feds get on your case) to changes in the market.

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

#49

Post by aaron-santos »

gruez wrote: post #2

Wait, people actually go to /r/wsb for investment advice? The entire time I thought it was a mix of posting wins/losses along with some memes/humor.

Yes, that's why you can be sure that data is vacuumed up, and fed into a model which can exploit that behavior.

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

#50

Post by peterlk »

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…

It is worth noting that a user was recently banned for pumping a penny stock. Additionally, it seems within the realm of possibility that powerful people could use a shitposting forum to signal each other for market movements.
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