it seems like a lot of you are taking away from this "wow I need to pay more attention to bubbles and get in at the right time"
this is exactly how normies lose all their money to beanie babies
the correct lesson is that bubbles are irrational and unpredictable and there is no way to correctly time the market
the only sane way for average people to make money on the stock market is to put your money in an index ETF and forget about it.
i thought for most people the point of this is to make life miserable for some hedge fund ghouls because its funny, and actually making money would just be a happy bonus?
obviously theres gonna be people on wsb yoloing their entire life savings on this cos thats kinda their thing, but i hope nobody here is putting in money they cant afford to lose
I can assure you than the hedgefund billionaires will be okay when the dust settles.
But the boomers wont and thats all that matters. Also some vulture capitalists might jump from their balconies
There's not that many billionaires, it's probably safe to assume that at least one or two stock market ghouls will lose their livelihood over this so
man some hedge fund ghouls for sure got fucked this time around, but also other hedge funds are making insane coin out of this, blackrock alone owns 15% of GME, they had an incredibly good day yesterday. i can't blame people who want to get their bag even or get in the fun just a bit, but treating it as some vendetta towards the capitalist class, let alone a successful vendetta, is a bit misled
people on wall street are also gambling, they're just using other people's money and get paid either way
they get paid either way because they get commissions even if their rich clients lose money, not because they've figured out how to beat the market
these complicated financial techniques exist for the purpose of making money from very specific movements in the financial markets. they do not help you predict those movements
Elon just tweeted about GME. The meme is real. Stocks are literally fucking astrology. My god.
I think this was already exposed by the fact he's managed to add or erase 10s of billions of his companies' market caps with tweets in the past.
hey all please don't get depressed if you sold or didn't buy in. This stuff is basically Uncut Gems. for every guy who turns 50 k into 20 mil, there's a guy who turns 1 mil into 0 dollars.
Good jokerfication is necessary. Also you should jave been listening to me instead of the struggle session
oh I wanted in but my parents "strongly advised against" me transfering from my savings :(
Fuck the boomers and gen x, there is no hope for them. I listened to a friend and only invested a quarter of what i should have
Money? It's Fugazi, foogazi, it's a wazi, it's a woozi, it's whilstles fairy dust.
Just watched Wolf of Wall Street yesterday. Such a weird movie. What was it trying to say? What drew Scorsese to this story?
The ending's pretty good. Jordan Belfort faux-preaching to a bunch of slack jawed morons. The grift continues.
It's saying that Jordan Belfort was a cool guy who did cool things with his cool friends
Hahaha i had some i think hahahahsjrliejjruhrhfforneueiksnshhsgahaka
I was going to dump around $400 yesterday, now I'm sad. I wish I never knew about this, my life was better 3 days ago when I didn't know about this
You've missed plenty of these before, you will miss plenty after. Don't let it get to you.
Just keep a bead on WSB for the next one. Thats what I'm going to do. Be happy for comrades pillaging a hedge fund
Good. Make the SEC and the Fed look people in the eye and tell them they're no longer allowed to trade in the stock market to "protect boomer's retirement funds" (read: Because the investment firms don't want competition in their Rich Peoples' Feelings Graph money printer). Make them heighten the contradictions, then slide in and start radicalizing when the backlash starts.
this is a bad take because these WSB fools wouldn't have been allowed to do this five years ago, it's only because more people have direct access to the market through robinhood and zero commissions trading
secondly, when this "collapses" it just means a bunch of working folk are going to blame themselves for losing money to the hedge funds
Maybe not this exactly but this isn't the first time the internet and it won't be the last. Its designed to be exploitable. I remember last year a bunch of needs made money ripping off Robinhood
WSB finding a glitch and screwing Robinhood a tiny bit is not the same as manipulating market prices
unrelated, I never thought I'd read "I'll watch WSB and make money" on my chapo dot chat
This was literally a joke on an old TF- guy who learns financial markets only from reading WSB
Lol well give me some credit i have about as much faith in the idea as I do getting covid relief or a living wage. LSC is a fuck, who knows anything could happen
I have a friend who told me, "you're never as rich as you could have been"
I'll never forget that one.
tbh the more bubbles I see over time, the less bad I feel. Maybe it’s just naivety or cope, but seeing it happen over and over again makes me feel like there’s always another one about to happen, and I just have to pay attention so I’m ready when it’s starting to take off and not when it’s approaching the critical point.
Imagine how i feel i could have bought at $46 and sold some last year for no reason
Well keep an eye on BB. It’s at $20 and people on WSB are saying that’s gonna take off. I have no idea if they’re memeing or not, but I grabbed a couple shares.
I'mma legit have enough to pay off my student loans and buy a house after this.
yeah, idk shit about fuck, but i threw 20 bucks in for the lols just to see what happens. worst case scenario i wasted some coin, but best case scenario? maybe a nice bottle of wine for myself.
I bought $1,500 of ethereum when it was priced at $1.00.
I sold for $6,000 when it hit $4.00 and was chuffed.
If I had held onto it - today it would be worth over $2 million. I avoid thinking about it as much as possible. It literally makes me feel sick.
Used to buy off the silk road with $15 bitcoins. I think the feds auctioned off a couple of mine when they seized the site, because that was legal for some fucking reason.
This is totally fucking insane, I bought at a midway point on GME's climb from 90 to 150 yesterday so I was at a constant state of 🙃 while it crashed back down to 65 but I've actually made my money back so far. I didn't think it would be possible. Total insanity, I'm glad we can all appreciate just how dumb this all is and I hope those wall street dudes shit themselves with all of this happening.
:stonks-up:
DSA can have my money again when they stop sending excel sheets of member rosters with addresses and contact info to every Larry Curly and Moe.
I stopped going to DSA meetings.
One meeting, I suggested we keep lists of members in an offline place, because they were hosting them on Google Sheets and shit. I was worried about opsec, and everyone looked at me like I grew a third head and I was overly paranoid or some shit. Some old Trot was like "well we had FBI infiltrators in my day, if it's gonna happen it's gonna happen you can't be scared" and I was just embarassed and didn't come back.
DSA can get more than $10/month from me when they manage to be competent enough to send me the membership card I should have gotten when I joined 3 years ago.
I SWEAR TO GOD IF YOU PEOPLE SOLD INSTEAD OF ADHERING TO MY THOUGHT I AM GOING TO BECOME GIGA-STALIN. HOLD HOLD WHO CARES ABOUT THE MONEY WE ARE GOING TO CRASH THE STOCK MARKET
I put in a tiny amount, but now I want to buy a full share. You think it would be best to do it now or wait for a dip in the morning?
to steal a comment from r/WSB, I’m going to fuck an alien or die trying.💎🤲🚀🚀🚀
At first I was laughing at the ghouls on CNBC crying about losing so much and deriding regular people for buying a stock because they like it. But now we actually might have reached a historical point in the finance industry. The little guys aren’t going to listen to the “experts” who have fucked over millions of people just trying to make a little money. These nerds are holding onto the shares out of spite.
My heart couldn’t handle GameStop so hopefully BlackBerry has some nice returns for me lmao.
dude you're investing in the stock market you can't be a communist
I am very intelligent
I had someone go through my post history on Reddit and then call me a commie on wsb, and ask how I can be a dirty commie and also invest.
Well, my man, it's for the moments like this. Kinda proving how stupid the whole system is while at the same time taking profit from it getting burned.
