Bears have been saying that for 6 years and they are still getting crushed. "T-the crash is ANYTIME now"<- this is how you lose years of 10-20% returns trying to predict the next -20% year
All theses new tech stocks (Tesla, Facebook) are toxic. Just my opinion. If I had 1 million in cash lying around I would do the same buying contracts for easy benefits, It's free money and you don't have much too lose with these kind of long calls.
Facebook has an 80% gross margin and literally prints cash every single quarter. 70b$ yearly revenue with 50b$ gross profit. How is that in any way comparable to any dot come era tech stock?
Tesla is absolutely over valuated but that's the result of a massive, massive short squeeze. It's not indicative of the whole market at all, only means bears are getting anhilated on TSLA. But I agree that it's 100% toxic at this point since the squeeze will have to stop
Compared to almost every other asset class right now, the stock market is probably even underpriced.
Agreed. For almost every retail investor riding the tiger is the best option. But I hate Asian stocks tbh. Coming from a 3rd world country myself, i can't trust any number reported by any emergent market stock lmao
My advice for any casual retail investor is to always, always buy an ETF. Even if you want to invest in hipster stocks, since there are a ton of ETFs made for that.
But I usually don't think hipster stocks are a good idea. They usually have weak fundamentals and once they have reached the hipster status their best days (in terms of market returns) are usually behind them. And for every success like TSLA, there are dozens of other hyped stocks that lead to 80%+ losses.
Also keep in mind that even the vast majority of (stock-picking) professional investment consistently trails the indexes. Now remember that a retail investor has almost infinitely less data and analysis tools than the professional do
So if you want to save, just buy and etf for the SPX and the nasdaq. If you want to get fancy, buy a midcap or edge technology one too
No problem! Shitposters on wallstreetbets helping out people with serious advice is what introduced me to Finance a few years back and now it's on the way to be my career, so I always try to help back!
Yee one of my screens is just a big tesla chart. And tbh I didnt expect the squeeze to end so quickly, holy fuck how many hype beast retards are getting absolute rn
I'm not saying there won't be a crash, what I'm saying is that trying to read the next market crash and be the epic contrarian doesn't work. Taking a -30% loss once is better than missing on years of good returns.
Also you're wrong, a real estate bubble can't really be compared to a stock bubble. Especially considering how different the market conditions are right now
Market timing in general, I do not trust it. I do not believe professionals who do it truly do much better than gambling, i certainly don't trust myself to market time in my part time. My money is mostly in indexes.
Ehh, not necessarily. When something decreases by 30% it takes more than a 30% increase to recover. Of course, you're right in the long-run, but I figured I would share that just in case people were confused.
I don't know anything about the market and I'm still making good gains just by having money in the market at all. I think the real test will be the next recession whenever it is, how the new investors who have only ever known 15% years will react to 5 years of negative returns.
lol tbh, I want to get into investing but just like everything else, there is so much trash on the internet I don't believe anything I read. I need to get a book by someone who is not an autist to explain things to me. Or maybe autists are good for making good books idk.
Maybe I'll make it my year goal, but I'd rather learn to play guitar tbPh.
Unless you wanna learn a bunch of statistics and math related to gambling there isn't much to know. Just park your money in an index fund. Or if you're feeling wild some etfs too.
Can't tell if you're serious about not knowing what that chart means, but I'll give you a quick sketch in words:
Imagine you own 100 shares of Company A. They're collectively worth $1000. $1000 is a lot of money to you. Your decision to purchase these shares is based on your inherent belief that the company is worth no less than $10/share (market cap / shares outstanding = $10), and probably more.
However, you're not certain it's worth more, and, as we've established, $1000 is a lot of money to you. So you think to yourself, "I wish I could buy insurance, if the price should go below $8, so I don't lose more than $200 total". As it turns out, there might be someone out there that is willing to sell you that "insurance". They're willing to obligate themselves to potentially have to buy 100 shares from you, for $8 a share, between now and some future date. In exchange, you'll pay them a little bit of money for the "risk"; if the share price goes down to $5, and you take advantage of your insurance, they have to buy 100 shares for a total of $300 more than the market price for those shares. For you, at present, the contract is "OTM", or "out of the money". There's no profit in selling 100 shares at $2 below the current market price of $10. If you didn't have your existing position of 100 shares, and had to buy from the market, you'd just lose money.
When the person who wants to sell you "insurance" makes that decision, to take a little money now to potentially have to buy your shares later, they're "writing a put option", and you're buying it. The money you give them is a "premium". The length of the contract determines the "expiry date". Naturally, the longer the expiry date is away from today, the more that can happen between now and then, so the premium they might ask is higher, because there's more risk implicit in that contract. However, as the expiry date and the present date converge, the value of a contract that is OTM decreases, as it gets less likely for the price to reach a value that makes the contract profitable to exercise. This can be thought of as "price decay", and the rate of decay is "theta".
The big, degenerate understanding you need to make to understand WSB is this: Options contracts that reflect large price moves in a short period of time, and are currently OTM, are cheap. This creates leverage, because rather than hedging an underlying position, I can simply buy the options contracts "naked". The amount of profit I can make with a single dollar is dramatically increased if I think something unlikely is going to happen in the near future.
To boil it all down, this is basically just gambling. If you've got 100 grand to bet that Tesla will go up 50% in less than a month, you can turn that 100k into 4M. Nobody has the balls or the money to make that kind of bet except the extraordinarily rich or the extraordinarily stupid. That said, options exist for a totally rational, totally useful purpose, as outlined above.
It's easy as long as you play it safe and diversify. Start small and add at regular intervals, if it's in your budget by a position in $spy every 3 months. It's boring, but it's better than keeping everything in the bank.
This dude didn't invest. He bought options so fucking out of the money so close to expiry that in any other situation they'd be worthless. But $TSLA420YOLO6969
Evil lies not in the heart of the nationals of any one foreign nations, but in the hearts of all human beings. America is foolish to think that it can eliminate evil by turning itself into a paranoid racist fortress, and reign hell and empire on the world without consequence from behind its walls. If America wants to find evil, it should look within, not without.
every time I get summoned here, I have a quick look around and find that this place gets worse and worse, it's like a black hole which mangles everything that gets sucked into it. src
I make Vanguard do my stock-ing for me. You won't make millions in a day like the guy in the post but you won't go completely broke like guys in other posts. Most of their funds have a 3k minimum but if you don't have that kind of money to drop you shouldn't be thinking about stocks until you've got your finances straight.
WSB mod game is so fucking good it escapes words. They had a "youth paper trading challenge" that was a mousetrap for I believe the single biggest ban spree to date.
Dude just join the discord or riot servers and hangout there as much as you can. Those places are filled with guys who do that for a living, and you can ask them questions. 9/10 will call you a retard, but 1/10 will take pity on you and actually give you good advise.
Those places are filled with guys who do that for a living, and you can ask them questions.
lol no, those are the idiots that started 6 months ago, got lucky, and think they're investing geniuses.
Anyone that actually knows what they're doing doesn't really have advice to give you because even if they explained their edge you'd still be clueless on how to actually trade it.
The problem with WSB is that you either bust out early and slink away in shame or you last long enough to bust out later (that's basic stats baby, volatility is a two way street) before slinking away in shame. So the only people left are lucky morons that not only don't understand what they're doing but have massive egos about it.
Look man, you're just not part of any discord that has knowledgeable regular traders who are actually doing this shit for a living. You either signed up for some dumbass service where the "trader" makes their money off you or you're the blind idiot slobbering the knob of the one-eyed man I just described.
The only way you can be successful in trading is with a proven, backtested edge. And the only way you get that is through data and statistics, not lurking chatrooms.
lol did they even do anything notable to make it nearly double in a few weeks beyond sell more model 3's or is this just tech investors jerking each other off again?
Friend told me to invest Tesla's chinese competitor and then the coronavirus hit, and now this.
I am both seething and happy for him.
FUCK.
On the bright side, fucking around with the nosediving chinesemarket has cushioned the blow a bit, if the market is sinking might as well anticipate the sinkage and relearn some jewish magicks.
114 comments
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3 amanrobbedofhisdrama 2020-02-04
Can't wait for the follow up in 2 weeks where he loses all of it
4 Corporal-Hicks 2020-02-04
it wouldnt be WSB if he didnt
1 GlaedrH 2020-02-04
Didn't have to wait that long: https://www.reddit.com/r/wallstreetbets/comments/ezc54q/imagine_being_so_autistic_you_make_42_million/
2 HodorTheDoorHolder_ 2020-02-04
Good for him
2 GeminiRocket 2020-02-04
The market partying like it's 99'
4 ATissu 2020-02-04
Bears have been saying that for 6 years and they are still getting crushed. "T-the crash is ANYTIME now"<- this is how you lose years of 10-20% returns trying to predict the next -20% year
1 GeminiRocket 2020-02-04
All theses new tech stocks (Tesla, Facebook) are toxic. Just my opinion. If I had 1 million in cash lying around I would do the same buying contracts for easy benefits, It's free money and you don't have much too lose with these kind of long calls.
2 ATissu 2020-02-04
Facebook has an 80% gross margin and literally prints cash every single quarter. 70b$ yearly revenue with 50b$ gross profit. How is that in any way comparable to any dot come era tech stock?
Tesla is absolutely over valuated but that's the result of a massive, massive short squeeze. It's not indicative of the whole market at all, only means bears are getting anhilated on TSLA. But I agree that it's 100% toxic at this point since the squeeze will have to stop
Compared to almost every other asset class right now, the stock market is probably even underpriced.
1 GeminiRocket 2020-02-04
I'm all for riding the tiger if you have the means. If you want wild rides look at some Asian tech stocks.
1 ATissu 2020-02-04
Agreed. For almost every retail investor riding the tiger is the best option. But I hate Asian stocks tbh. Coming from a 3rd world country myself, i can't trust any number reported by any emergent market stock lmao
1 shotgunspin 2020-02-04
You seem like you have a decent grasp on the stock market. Would you ever buy weird hipster stocks or just stick to the more mainstream companies?
1 ATissu 2020-02-04
My advice for any casual retail investor is to always, always buy an ETF. Even if you want to invest in hipster stocks, since there are a ton of ETFs made for that.
But I usually don't think hipster stocks are a good idea. They usually have weak fundamentals and once they have reached the hipster status their best days (in terms of market returns) are usually behind them. And for every success like TSLA, there are dozens of other hyped stocks that lead to 80%+ losses.
Also keep in mind that even the vast majority of (stock-picking) professional investment consistently trails the indexes. Now remember that a retail investor has almost infinitely less data and analysis tools than the professional do
So if you want to save, just buy and etf for the SPX and the nasdaq. If you want to get fancy, buy a midcap or edge technology one too
2 shotgunspin 2020-02-04
Thank you sir. Rare to get real knowledge in r/drama
1 ATissu 2020-02-04
No problem! Shitposters on wallstreetbets helping out people with serious advice is what introduced me to Finance a few years back and now it's on the way to be my career, so I always try to help back!
1 Simple321 2020-02-04
Excuse you! Lawlz stickies are the prime source for knowledge around here 😡😤
1 GeminiRocket 2020-02-04
check Tesla stock right now 😂😂😂
1 ATissu 2020-02-04
Yee one of my screens is just a big tesla chart. And tbh I didnt expect the squeeze to end so quickly, holy fuck how many hype beast retards are getting absolute rn
1 GeminiRocket 2020-02-04
Bitcoin for normies
1 Gleeroy95 2020-02-04
I just bought 5k of fb stop being a pussy
1 Phantom_Engineer 2020-02-04
It literally can't go tits up.
1 GeminiRocket 2020-02-04
Stocking on masks 3 weeks ago was more juicy deal
1 watermark1917 2020-02-04
Yep and I remember reading articles about how it's physically impossible for real estate prices to ever decrease too.
1 ATissu 2020-02-04
I'm not saying there won't be a crash, what I'm saying is that trying to read the next market crash and be the epic contrarian doesn't work. Taking a -30% loss once is better than missing on years of good returns.
Also you're wrong, a real estate bubble can't really be compared to a stock bubble. Especially considering how different the market conditions are right now
2 Peytons_5head 2020-02-04
Time in the market >>>>> timing the market
1 OdeeOh 2020-02-04
I’m a whore for dividends
1 ATissu 2020-02-04
You're making me wet stop
1 watermark1917 2020-02-04
Market timing in general, I do not trust it. I do not believe professionals who do it truly do much better than gambling, i certainly don't trust myself to market time in my part time. My money is mostly in indexes.
1 kermit_was_wrong 2020-02-04
I know a fair amount of professionals and quants in this field, and after a few beers, even they will tell you that active is gambling.
1 ClarifyFyi 2020-02-04
Ehh, not necessarily. When something decreases by 30% it takes more than a 30% increase to recover. Of course, you're right in the long-run, but I figured I would share that just in case people were confused.
1 twinksforsharia 2020-02-04
Stonks only go up.
1 Misogenes 2020-02-04
I know nothing about money, but as long as the human population continues to increase, the net stock market change should always be upward, right?
1 wm20123 2020-02-04
I don't know anything about the market and I'm still making good gains just by having money in the market at all. I think the real test will be the next recession whenever it is, how the new investors who have only ever known 15% years will react to 5 years of negative returns.
2 KaaraRaven 2020-02-04
Man, I wish I knew how money works.
2 The_Reason_Pete_Wins 2020-02-04
I've been lurking there for months and all I understand is don't bet puts on Space Daddy
2 Seattle_Bussy_Lmao 2020-02-04
That’s exactly it, actually
3 Burnnoticelover 2020-02-04
-Warren Buffet
1 TrailerParkRide 2020-02-04
Stonks only go up
2 Platycel 2020-02-04
So, buy the opposite puts on Space Daddy?
2 The_Reason_Pete_Wins 2020-02-04
Yes that's how OP made their millions probably
1 Lysis10 2020-02-04
That's basically everything I learned from that sub. Oh and RobinHood's trust and safety is like 1 intern.
3 The_Reason_Pete_Wins 2020-02-04
Apparently this and theta(gang rise up) are all you need but I don't really know what any of that means
3 The_Great_I_Am_Not 2020-02-04
This is the kind of shit that fucks up the economy.
A lot people don't really understand what caused the so-called Great Recession that few even today acknowledge.
The US government and people in "high finance" like to blame it on sub-prime mortgages, but it was, in fact, derivatives trading that caused it.
Blaming it on poor people and bad loans was just a scapegoat.
1 charming_tatum 2020-02-04
Its escapegoat
2 Lysis10 2020-02-04
lol tbh, I want to get into investing but just like everything else, there is so much trash on the internet I don't believe anything I read. I need to get a book by someone who is not an autist to explain things to me. Or maybe autists are good for making good books idk.
Maybe I'll make it my year goal, but I'd rather learn to play guitar tbPh.
1 dabibbybb 2020-02-04
Unless you wanna learn a bunch of statistics and math related to gambling there isn't much to know. Just park your money in an index fund. Or if you're feeling wild some etfs too.
2 ShitofFeceus 2020-02-04
Can't tell if you're serious about not knowing what that chart means, but I'll give you a quick sketch in words:
Imagine you own 100 shares of Company A. They're collectively worth $1000. $1000 is a lot of money to you. Your decision to purchase these shares is based on your inherent belief that the company is worth no less than $10/share (market cap / shares outstanding = $10), and probably more.
However, you're not certain it's worth more, and, as we've established, $1000 is a lot of money to you. So you think to yourself, "I wish I could buy insurance, if the price should go below $8, so I don't lose more than $200 total". As it turns out, there might be someone out there that is willing to sell you that "insurance". They're willing to obligate themselves to potentially have to buy 100 shares from you, for $8 a share, between now and some future date. In exchange, you'll pay them a little bit of money for the "risk"; if the share price goes down to $5, and you take advantage of your insurance, they have to buy 100 shares for a total of $300 more than the market price for those shares. For you, at present, the contract is "OTM", or "out of the money". There's no profit in selling 100 shares at $2 below the current market price of $10. If you didn't have your existing position of 100 shares, and had to buy from the market, you'd just lose money.
When the person who wants to sell you "insurance" makes that decision, to take a little money now to potentially have to buy your shares later, they're "writing a put option", and you're buying it. The money you give them is a "premium". The length of the contract determines the "expiry date". Naturally, the longer the expiry date is away from today, the more that can happen between now and then, so the premium they might ask is higher, because there's more risk implicit in that contract. However, as the expiry date and the present date converge, the value of a contract that is OTM decreases, as it gets less likely for the price to reach a value that makes the contract profitable to exercise. This can be thought of as "price decay", and the rate of decay is "theta".
The big, degenerate understanding you need to make to understand WSB is this: Options contracts that reflect large price moves in a short period of time, and are currently OTM, are cheap. This creates leverage, because rather than hedging an underlying position, I can simply buy the options contracts "naked". The amount of profit I can make with a single dollar is dramatically increased if I think something unlikely is going to happen in the near future.
To boil it all down, this is basically just gambling. If you've got 100 grand to bet that Tesla will go up 50% in less than a month, you can turn that 100k into 4M. Nobody has the balls or the money to make that kind of bet except the extraordinarily rich or the extraordinarily stupid. That said, options exist for a totally rational, totally useful purpose, as outlined above.
3 LongPostBot 2020-02-04
I've known more coherent downies.
I am a bot. Contact for questions
1 AwanBros 2020-02-04
Snappy blows out the theta-cels yet again.
But, thanks for the read, shit of feceus .
1 The_Reason_Pete_Wins 2020-02-04
I'm not but that was a really great explanation
2 Corporal-Hicks 2020-02-04
im pretty smart but i stay the fuck away from investing. thats for either retards or people way smarter than me
4 reptilia987 2020-02-04
https://www.google.com/amp/s/fortune.com/2017/12/30/warren-buffett-million-dollar-bet/amp/
Not really tho. Those people “way smarter than you” don’t know what the fuck they’re doing either lol
2 Sir_Pizzuoff 2020-02-04
You're just in this sub for shits n' giggles, then? I can't imagine why anyone would want to read this shit for fun.
4 ManBearFridge 2020-02-04
It's pretty fucking funny. You get to enjoy retarded shit without actually doing anything.
3 Sir_Pizzuoff 2020-02-04
If you say so. Whenever I need a lift, I just beat the cat.
1 _Ensanglante 2020-02-04
I too, enjoy beating your cat.
2 ManBearFridge 2020-02-04
It's easy as long as you play it safe and diversify. Start small and add at regular intervals, if it's in your budget by a position in $spy every 3 months. It's boring, but it's better than keeping everything in the bank.
1 seenten 2020-02-04
Even my credit union's savings rates are pretty shit :/
1 Fletch71011 2020-02-04
You're only a stupid ass if you don't invest. It couldn't be easier and it's literally free money.
1 Whaddaulookinat 2020-02-04
This dude didn't invest. He bought options so fucking out of the money so close to expiry that in any other situation they'd be worthless. But $TSLA420YOLO6969
1 Shitposting_Skeleton 2020-02-04
Just toss the money in an index fund whenever the economy isn't shit.
1 victoriancallingcard 2020-02-04
Hey there, big guy. Got an IRA? 401(k)? Could I have you pick almost any product from e.g. Schwab or Vanguard with a light load?
Index funds are cruise control to 1) being able to retire, or 2) able to retire sooner than you think. If you live that long, you'd be grateful.
2 diggity_md 2020-02-04
Get lucky, make money
1 watermark1917 2020-02-04
Evil lies not in the heart of the nationals of any one foreign nations, but in the hearts of all human beings. America is foolish to think that it can eliminate evil by turning itself into a paranoid racist fortress, and reign hell and empire on the world without consequence from behind its walls. If America wants to find evil, it should look within, not without.
1 RigBuild2016 2020-02-04
Can you keep a secret? Good. You are all going to suffer. Don't tell the others. I want to see the looks on their faces when they discover.
1 The_Great_I_Am_Not 2020-02-04
https://www.youtube.com/watch?v=dgct3Jn8pFA
1 twelve_forty_seven 2020-02-04
Man, i wish i was a burger so i could use robinhood as free brokerage.
2 TheColdTurtle 2020-02-04
Tfw only made 500 just fuck my shit up
1 SnapshillBot 2020-02-04
every time I get summoned here, I have a quick look around and find that this place gets worse and worse, it's like a black hole which mangles everything that gets sucked into it. src
Snapshots:
I am just a simple bot, *not** a moderator of this subreddit* | bot subreddit | contact the maintainers
1 FearOfBees 2020-02-04
I need to stock
2 ironicshitpostr 2020-02-04
send me ur money and I'll do it for you and send you 90% of the profit
3 FearOfBees 2020-02-04
Tbh i would do that lol
1 IrequireStaplers 2020-02-04
Thats a bad deal lmao
1 FearOfBees 2020-02-04
What's normal commission rate
2 watermark1917 2020-02-04
Like a mutual fund that charges 1% is a shit mutual fund usually. Honestly I mostly go indexes that charge less than 0.1%.
1 FearOfBees 2020-02-04
Wow cheap
1 ironicshitpostr 2020-02-04
mutual funds don't use bitcoin high yield interest programs for 7% weekly returns tho
1 [deleted] 2020-02-04
[removed]
1 ironicshitpostr 2020-02-04
Tell him it’s a good deal and I’ll kick you in a commission
1 OdeeOh 2020-02-04
Diversified Index Funds. Easier than you think.
1 Phantom_Engineer 2020-02-04
I make Vanguard do my stock-ing for me. You won't make millions in a day like the guy in the post but you won't go completely broke like guys in other posts. Most of their funds have a 3k minimum but if you don't have that kind of money to drop you shouldn't be thinking about stocks until you've got your finances straight.
1 pol__invictus__risen 2020-02-04
CAN'T BUSK THE MUSK
1 Lysander125 2020-02-04
This is by far the single most impressive thing I’ve seen off of WSB.
3 RIPGeorgeHarrison 2020-02-04
The guy that was basically stealing from Robinhood was better in my opinion.
1 Lifting_Sexytimes 2020-02-04
Don't forget the followup post where the WSB mods banned the official RobinhoodTeam account when they showed up to stop the bleeding
1 saint2e 2020-02-04
I need links, dagnabbit.
1 Woolgun 2020-02-04
https://www.reddit.com/r/wallstreetbets/comments/drqaro/robinhood_free_money_cheat_works_pretty_well_1/
https://www.reddit.com/r/Drama/comments/e506ji/wallstreetbets_mod_bans_the_official_robinhood/
https://www.reddit.com/r/wallstreetbets/comments/dsnszf/these_kids_are_psychopaths_cnbc/
https://www.reddit.com/r/wallstreetbets/comments/dtf7s0/wsb_yolo_king_lands_interview_on_cnbc/
https://www.reddit.com/r/Drama/comments/dshm1p/one_autist_in_rwsb_is_trying_to_buy_a_controlling/
https://www.reddit.com/r/Drama/comments/dqli3g/rwallstreetbets_the_dramatards_of_the_financial/
There were more posts about this, I'm missing the initial discovery for sure, but it's not easily searchable so I won't bother.
1 saint2e 2020-02-04
That's hilarious. Especially the dude trying to use the glitch to gain a controlling stake in AMD.
You'll notice that dude stopped posting 2 months ago completely.
1 dabibbybb 2020-02-04
Was fucking hilarious seeing the open interest for $1 AMD puts at like 2000 when that shit went down.
Always fun seeing these retards actually show up on the tape.
1 Lifting_Sexytimes 2020-02-04
The account name is literally “RobinhoodTeam”. You can find it.
1 WeWuzKANG5 2020-02-04
Unironically amazing mod work there.
2 Whaddaulookinat 2020-02-04
WSB mod game is so fucking good it escapes words. They had a "youth paper trading challenge" that was a mousetrap for I believe the single biggest ban spree to date.
1 Lysis10 2020-02-04
That was the best thread of 2019.
1 kingdong112382 2020-02-04
guh!
1 Lysis10 2020-02-04
GUH
1 Outdated_CPU_1 2020-02-04
How the fuck do I do this shit? I sold some jewelry for 500 bucks but that’s chump change compared to WSBcels.
1 FrostyBlowmanSnowman 2020-02-04
He basically won the lotto, so don't sweat it.
1 ChillinsVillain 2020-02-04
Dude just join the discord or riot servers and hangout there as much as you can. Those places are filled with guys who do that for a living, and you can ask them questions. 9/10 will call you a retard, but 1/10 will take pity on you and actually give you good advise.
1 dabibbybb 2020-02-04
lol no, those are the idiots that started 6 months ago, got lucky, and think they're investing geniuses.
Anyone that actually knows what they're doing doesn't really have advice to give you because even if they explained their edge you'd still be clueless on how to actually trade it.
The problem with WSB is that you either bust out early and slink away in shame or you last long enough to bust out later (that's basic stats baby, volatility is a two way street) before slinking away in shame. So the only people left are lucky morons that not only don't understand what they're doing but have massive egos about it.
1 ChillinsVillain 2020-02-04
Dude I’ve been in rooms with the same guys for years. You just have to lurk and research long enough to feel comfortable jumping into the market.
1 dabibbybb 2020-02-04
Look man, you're just not part of any discord that has knowledgeable regular traders who are actually doing this shit for a living. You either signed up for some dumbass service where the "trader" makes their money off you or you're the blind idiot slobbering the knob of the one-eyed man I just described.
The only way you can be successful in trading is with a proven, backtested edge. And the only way you get that is through data and statistics, not lurking chatrooms.
1 [deleted] 2020-02-04
[removed]
1 specialdialingwand1 2020-02-04
first step is having $100k that you don't mind losing
1 big_papa_stiffy 2020-02-04
i feel like 90% of the posts on there are fake tbh they all seem retarded
1 ezrealprodigy 2020-02-04
statistically a lot of retarded things happen
1 EasternAirline 2020-02-04
Tsla is overvalued as shit
1 Funkyduffy 2020-02-04
It's been overvalued as shit for years now, but the price just keeps going up and up with every short squeeze
1 seenten 2020-02-04
lol did they even do anything notable to make it nearly double in a few weeks beyond sell more model 3's or is this just tech investors jerking each other off again?
1 rakrakaon 2020-02-04
$3 million of it was overnight.
1 SwiftOnSobriety 2020-02-04
It looks like he bought 436 contracts but now only has 420. Am I reading it wrong or is that the vig or what?
1 ezrealprodigy 2020-02-04
he sold 16 to cover his original money I think somebody said
1 Black_Bird_Cloud 2020-02-04
he sold 26 of his calls to secure the cost of his premium, around 130k
the remainder is worth around 4 million
1 aef823 2020-02-04
Fucks sake my luck is just bad all around
Friend told me to invest Tesla's chinese competitor and then the coronavirus hit, and now this.
I am both seething and happy for him. FUCK.
On the bright side, fucking around with the nosediving chinesemarket has cushioned the blow a bit, if the market is sinking might as well anticipate the sinkage and relearn some jewish magicks.