Permanently Deleted

  • mangrai [comrade/them]
    ·
    4 years ago

    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.

    • RandyLahey [he/him]
      ·
      4 years ago

      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

        • Throwaway5hh [none/use name]
          ·
          4 years ago

          But the boomers wont and thats all that matters. Also some vulture capitalists might jump from their balconies

        • UmbraVivi [he/him, she/her]
          ·
          4 years ago

          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

      • mittens [he/him]
        ·
        4 years ago

        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

      • mangrai [comrade/them]
        ·
        4 years ago

        people on wall street are also gambling, they're just using other people's money and get paid either way

          • mangrai [comrade/them]
            ·
            edit-2
            4 years ago

            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

  • krothotkin [he/him]
    ·
    4 years ago

    Elon just tweeted about GME. The meme is real. Stocks are literally fucking astrology. My god.

  • Poop [none/use name]
    ·
    4 years ago

    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.

    • Bruv [none/use name]
      ·
      4 years ago

      Good jokerfication is necessary. Also you should jave been listening to me instead of the struggle session

      • Poop [none/use name]
        ·
        4 years ago

        oh I wanted in but my parents "strongly advised against" me transfering from my savings :(

    • acedia
      ·
      edit-2
      8 days ago

      deleted by creator

    • Marximus
      ·
      edit-2
      4 months ago

      deleted by creator

      • KurdKobein [any]
        ·
        4 years ago

        Just watched Wolf of Wall Street yesterday. Such a weird movie. What was it trying to say? What drew Scorsese to this story?

        • threshold [he/him]
          ·
          4 years ago

          The ending's pretty good. Jordan Belfort faux-preaching to a bunch of slack jawed morons. The grift continues.

        • CarlTheRedditor [he/him]
          ·
          4 years ago

          It's saying that Jordan Belfort was a cool guy who did cool things with his cool friends

    • Washburn [she/her]
      ·
      4 years ago

      I regret not buying when it was $2.50 a share a year ago :agony:

      • Bruv [none/use name]
        ·
        4 years ago

        Hahaha i had some i think hahahahsjrliejjruhrhfforneueiksnshhsgahaka

      • Sankara [he/him,any]
        ·
        4 years ago

        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

        • longhorn617 [any]
          ·
          4 years ago

          You've missed plenty of these before, you will miss plenty after. Don't let it get to you.

        • kronkfresh [none/use name]
          ·
          edit-2
          4 years ago

          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

            • DefinitelyNotAPhone [he/him]
              ·
              4 years ago

              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.

              • mangrai [comrade/them]
                ·
                4 years ago

                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

            • kronkfresh [none/use name]
              ·
              4 years ago

              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

              • mangrai [comrade/them]
                ·
                4 years ago

                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

                • YoungSophocles [he/him]
                  ·
                  4 years ago

                  This was literally a joke on an old TF- guy who learns financial markets only from reading WSB

                • kronkfresh [none/use name]
                  ·
                  4 years ago

                  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

        • buh [she/her]
          ·
          edit-2
          4 years ago

          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.

        • Bruv [none/use name]
          ·
          4 years ago

          Imagine how i feel i could have bought at $46 and sold some last year for no reason

        • ThisMachinePostsHog [they/them, he/him]
          ·
          4 years ago

          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.

  • Koolio [any]M
    ·
    4 years ago

    I'mma legit have enough to pay off my student loans and buy a house after this.

  • markersmarx [he/him]
    ·
    4 years ago

    I just turned 5 dollars into 12 dollars. I'm doing capitalism guys

    • PeludoPorFavor [he/him]
      ·
      4 years ago

      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.

  • Marximus
    ·
    edit-2
    4 months ago

    deleted by creator

    • The_word_of_dog [he/him]
      ·
      edit-2
      4 years ago

      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.

  • LesbianLiberty [she/her]
    ·
    edit-2
    4 years ago

    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:

    • a_blanqui_slate [none/use name, any]
      ·
      4 years ago

      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.

      • TheDeed [he/him, comrade/them]
        ·
        4 years ago

        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.

    • longhorn617 [any]
      ·
      4 years ago

      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.

  • CommieElon [he/him]
    ·
    4 years ago

    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.

    • howdyoudoo [comrade/them]
      ·
      edit-2
      4 years ago

      dude you're investing in the stock market you can't be a communist

      I am very intelligent

      • Omegamint [comrade/them, doe/deer]
        ·
        4 years ago

        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.

      • CommieElon [he/him]
        ·
        4 years ago

        I’m an invest bro communist. We’re out there if you pay attention.

  • StonkJunkie [any]
    hexagon
    ·
    4 years ago

    today line went up

    tomorrow line go one of 2 directions also

  • Bruv [none/use name]
    ·
    4 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