But “WSB,” as the forum is known to its members, is more than just a place for traders to swap tips. Wall Street firms once synonymous with trading or picking stocks tout their index funds. Then AyyMD is the right place for you! Wallstreetbets, a message board, or subreddit, on the popular news and social site Reddit, has become a home for investors who want to make extremely risky bets on the stock market. All. For more information, read, Meet the Bros Behind /r/WallStreetBets, Who Lose Hundreds of Thousands of Dollars in a Day—And Brag About It.

Wallstreetbets, a message board, or subreddit, on the popular news and social site Reddit, has become a home for investors who want to make extremely risky … “Will still stick around but play with a significantly smaller portion of the pie,” Cao wrote. Check the sidebar or wiki for more info.

r/wallstreetbets: "Like 4chan found a Bloomberg terminal" http://discord.gg/wallstreetbets But whatever his intention, the site soon attracted an unruly mix of trolls and pranksters, including, notoriously, Martin Shkreli.

He uploaded a new screenshot displaying his losses. Sign up. You'll also get updates on the market, and be able to collaborate with other fellow meme traders. “The majority [of users] are seriously unsophisticated,” says one of the site’s moderators who goes by the name “Chainsaw Vasectomy” when reached via Reddit direct message. A place that archives the worst liberals on Reddit, from around the Internet & from real life.
He says he then increased his winnings with cryptocurrency trades before turning to stock options. To anyone old enough to remember, what happens at Wallstreetbets might sound a lot like day trading, particularly the feverish churning in tech stocks that became a fad in the waning days of the late-1990s bull market. Penny stocks available to trade in the RobinHood mobile stock trading app. Meanwhile, the spread of the Internet meant that detailed investment advice, once available only in the pages of the Wall Street Journal or the office of a financial advisor, was everywhere and free. Check out our wiki and Discord! After all, losers are the ones providing the most entertainment. Offers may be subject to change without notice. Procrastinators, It's Not Too Late to Refinance Your Mortgage and Save Thousands, Making Over $65K Per Year? Found 38 subreddits like r/wallstreetbets (734,744 subs). In Cao’s case, the giant losses he posted about seem to have clarified the consequences of the Wallstreetbets investing style. Believe it or not (and maybe you shouldn’t, at least not all of it), this is just your typical day on the Internet’s craziest finance forum. • Same benefits as Henchman plus Tier-2 Patreon posts. Our goal is to find out the maximum number of moderators a subreddit can have. Cao’s boast, which he backed up with what looked like screenshots of his account—to boost his credibility and also the drama of the moment—had succeeded in attracting attention. By supporting creators you love on Patreon, you're becoming an active participant in their creative process. “Yeah I’m sick of the ‘I just lost half of my $133 Robinhood account'” posts, wrote another.

Wallstreetbets, a message board, or subreddit, on the popular news and social site Reddit, has become a home for investors who want to make extremely risky bets on the stock market. Yes, you can easily cancel or upgrade your pledge at any time! He claims to have started investing with just $700, which he turned into $8,000 betting on election outcomes on an online gambling site. Shut it down before the revolt.Jokes on them, I have been selling covered calls this whole time.I was completely unaware of this - they won’t last much longer in that case, fuck those modswhat does private mean? All Day Week Month Year. Shkreli continues to be one of the site’s favorite topics, along with Tesla founder Elon Musk, known as “Papa Elon.” The pair are regularly mocked (or celebrated, the line isn’t always clear) with memes and other jokes. wallstreetbets +wallstreetbets. The mix of braggadocio and nihilism that pervades Wallstreetbets makes it difficult to tell how much money is really at stake. The place where people can come and talk about reddit fights and other dramatic happenings from other subreddits. Almost any post related to stocks is welcome on /r/stocks. You've come to the right place. While it’s hard to know which Wallstreetbets trades are genuine, the dozens of posts showing pedestrian losses of a few hundred or a few thousand dollars suggest a good deal of them are, in fact, real. Those losses only stand to be worse when investors use instruments like options to magnify returns, as many on WSB do. 954 members Join guild. is creating Investment Strategies // WallStreetBets and Theta Gang. Now pass the bar exam and the rest will soon be history. “Basically quitting while I’m ahead.”. It all ended badly in the dotcom bust. Wallstreetbets set to private. “All the talk was about long-term investing and index funds,” Rogozinski tells Money. So how does Wallstreetbets fit in? Last year, Richard Thaler, who helped design set-it-and-forget-it 401(k) options that improved retirement accounts for millions, won the Nobel Prize. There are now roughly as many Wallstreetbets members as there are Bloomberg terminal subscribers—over 300,000. The Greeks -- The biggest and boldest of these bets—like Cao’s—are known as “YOLO bets.” Winners brag of spending their newly acquired fortunes on yachts and “tendies”—that’s chicken tenders—seen in jest as making up the ultimate luxury lifestyle.

He shared a video in which he gambled away his million-dollar inheritance. “I think some brokers need to be more careful about how their clients are ‘investing.'”. Cao’s story is also remarkable. It is a fusion of memes, bragging, bullying, hoodwinking, and the exuberant overconfidence of (mostly) young men. However, in the age of Photoshop, his claims are impossible to truly verify. Although the goal is lofty, should I ever reach it and sustain it for 6 months, I will quit my day job and become a full time contributor to the Theta Gang and Wallstreetbets communities.
Like 4chan found a Bloomberg terminal Rank: 375. Of course, investing isn’t supposed to be like this, at least not anymore. Rogozinski, who is “not a huge fan of the memes,” insists that he created Wallstreetbets as a serious forum for learning.

We deal in gripes, justice, injustice, cash, credit cards not accepted. All trademarks are property of their owners. “Facebook/Amazon/Twitter hit it out of the park and I am mega rich,” he had bragged, hoping to impress fellow traders and the many rubberneckers who flock to the site for just this kind of all-or-nothing gamble. “THIS is why I sub[scribe] to /r/wallstreetbets,” wrote one user. A few days before, the 24-year-old software engineer had gone onto a popular section of the site known as /r/wallstreetbets to claim he had just placed an enormous wager on several technology stocks, shortly before they would release their quarterly earnings.

Access to exclusive live chats / streams (usually monthly) with Q&A, When new features get added to more expensive tiers later, they will also be added to OG tier unless otherwise specified (at no additional cost). “If you have money, you’re probably old enough to understand the consequences and live up to them,” he says. Home. In the post announcing his losses, he admitted he wouldn’t take the same risks in the future. But WSB is best known as a place where users announce their bets on the market, which are often centered on so-called meme stocks—like Tesla—securities that have transcended their role as financial instruments to become a sort of economic inside joke. Like /r/BestOf but don't want all the US-centric political nonsense? the a in anarchy stands for anarchy- wait, Let's Talk About: Listed above regular Discord users to showcase your support, Priority Q&A support above regular discord users, Shoutout in the description section of my next YouTube video, Your Discord Username draped in purple garland, listed ahead of henchmen, Access to the exclusive #trap-house private discord channel with live trading updates. You come, you post, you legal.

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