259 upvotes, 8 direct replies (showing 8)
That also makes it sad, especially when all the regular Joes gambling with rent money get caught still in after the crash.
Comment by [deleted] at 27/01/2021 at 06:05 UTC
84 upvotes, 4 direct replies
[deleted]
Comment by TOADSTOOL__SURPRISE at 27/01/2021 at 10:51 UTC
9 upvotes, 1 direct replies
This specific trade tho, with GameStop, has definitely festered a more positive and helpful tone among the community toward newbie traders this week. Usually new people get trolled into oblivion when asking for advice or questions...but this week, wsb absolutely needs those new traders, and it’s kind of culminated into a legitimate helping community who has become kind of a loosely knit “team” who has a common opponent—hedge funds heavily, greedily, shorting companies.
There will deff be bag holders in a few weeks, but for the most part, everyone seems to be giving legitimate advice to help brand new users.
Two of my friends hopped in on the hype this week just for the memes basically, but they’ve both made tens of thousands in 48 hours off this trade....I’ve told them where to set their sell limits to protect them. It seems that generally, everyone is doing the same
Comment by indianaj2009 at 27/01/2021 at 15:06 UTC
6 upvotes, 1 direct replies
Obviously people shouldn’t be betting their rent money I think we all know this. Hopefully most people are like me. I took about $200 I can afford to lose and am currently holding at $1200 worth of stock. If people are betting their literally rent money, their last dollars then that’s something they never should’ve done to begin with.
Comment by salondesert at 27/01/2021 at 05:50 UTC
6 upvotes, 0 direct replies
WSB drama is the best because it actually matters in the real world
Comment by [deleted] at 27/01/2021 at 15:25 UTC
4 upvotes, 1 direct replies
[deleted]
Comment by PM_ME_BOOTY_PICS_ at 27/01/2021 at 20:17 UTC
2 upvotes, 0 direct replies
Why feel bad? What kind of brain dead moron doesn't know this is gambling and risky?
Those with great timing are going to be rich.
Comment by Elohim_the_2nd at 28/01/2021 at 03:24 UTC
2 upvotes, 0 direct replies
This isn’t a speculative bubble, at least not entirely. It’s backed by the shorts of billion dollar hedge funds that will be left with the bag if the stock price is high when their options expire.
This isn’t just a Ponzi scheme, it’s a looting of Melvin Capital after they made a huge mistake
Comment by Singular-cat-lady at 27/01/2021 at 15:29 UTC
1 upvotes, 0 direct replies
Luckily, it's random joes actually profiting off it this time. For sure people shouldn't put in more money than they can afford to lose! But I'm also loving all the comments on WSB showing people paying off their student loans and houses.
Still a risky play, don't bet more than you can afford to lose, but it's working out this time and it makes me happy.