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| Yes |
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62 | 44.93% |
| No |
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76 | 55.07% |
| Total: | 138 votes | ||
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just go to vegas and bet it all on black at the roulette table
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Jan 25, 2021 22:39
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| # ? Jun 9, 2024 13:56 |
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Day traders and MLMs
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Jan 25, 2021 22:40
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The thing that stands out here to me as the novel development is the relative ease of WSB'ers coordinating their actions and actually following through, because of the shared identity of being WSB'ers. There are a lot of parallels to be drawn with the way goons behave in EVEOnline.
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Jan 25, 2021 22:43
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Hot Karl Marx posted:just go to vegas and bet it all on black at the roulette table  The odds on roulette are at least fair and predictable*. Plus, you can't lose any more than the chips you put on the table.* Fair as in what-you-see-is-what-you-get, not fair as in even odds. E: Not Vegas, though, we've been getting infected with triple-zero roulette. Go somewhere else.
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Jan 25, 2021 22:47
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shame on an IGA posted:The thing that stands out here to me as the novel development is the relative ease of WSB'ers coordinating their actions and actually following through, because of the shared identity of being WSB'ers. There are a lot of parallels to be drawn with the way goons behave in EVEOnline. https://www.reddit.com/r/wallstreet...utm_name=iossmf
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Jan 25, 2021 22:47
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The gamestop shortsqueeze cost a hedge fund multiple billions 
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Jan 25, 2021 22:56
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Mr. Nice! posted:The gamestop shortsqueeze cost a hedge fund multiple billions 
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Jan 25, 2021 23:00
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wanna see the angry zoom calls that occur at these hedge funds atm
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Jan 25, 2021 23:02
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Kazinsal posted:I'm absolutely baffled at the fact that a bunch of Redditors with daytrading addictions successfully pumped and dumped *Gamestop* of all loving stocks. If their idiotic bullshit is somehow able to make a not-insignificant fraction of the general public aware of how much of a shitshow HFT is, and lead to legislation curtailing it, I can't really be mad about that. I can lament the fact that there are going to be a fuckton of eternally  r/wsb assholes for the next DECADE thinking they're Warren Buffett because they gambled and won (and then promptly lost their gains on stupid poo poo), but if it fucks over even richer people and financial houses who do this poo poo *daily* and get away with it because they're quiet about it...
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Jan 25, 2021 23:14
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BIG HEADLINE posted:If their idiotic bullshit is somehow able to make a not-insignificant fraction of the general public aware of how much of a shitshow HFT is, and lead to legislation curtailing it, I can't really be mad about that. I can lament the fact that there are going to be a fuckton of eternally Didn't we go through this about 20 years ago?
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Jan 25, 2021 23:19
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it's hard to choose which part to enjoy more- hedge fund managers getting owned from their own choice to incredibly overexpose themselves with shorts, versus reddit daytraders inexplicably holding on their own pump and dump scheme past the dump
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Jan 25, 2021 23:32
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maffew buildings posted:The amount of self awareness, discipline and risk management you need to day trade is, shockingly, absent in our society that decided hot tips from reddit are basis for rolling their net worth and also failed to stay home and wear masks during a pandemic. Sounds like someone missed out on the TSLA express to the moon Mr. Nice! posted:The gamestop shortsqueeze cost a hedge fund multiple billions Okay that's pretty hillarious
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Jan 25, 2021 23:45
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Edit: nm misread Reddit
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Jan 25, 2021 23:49
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Mr. Nice! posted:The gamestop shortsqueeze cost a hedge fund multiple billions lmao owned
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Jan 26, 2021 00:00
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Stultus Maximus posted:Didn't we go through this about 20 years ago? I think so, and we'll probably go through it again in 20 years. That the internet has directly amplified and lead to a resurgence of flat earthers and the massive growth of the antivaxx community alongside "experts" at day trading all seems to reek of the same Dunning-Kreuger stench imo, ie "I can do months of work and research and learn that things are kind of difficult or I can do an hour of surfing and learn that things work how I want them to" kinda deal.
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Jan 26, 2021 00:13
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brains posted:it's hard to choose which part to enjoy more- hedge fund managers getting owned from their own choice to incredibly overexpose themselves with shorts, versus reddit daytraders inexplicably holding on their own pump and dump scheme past the dump Everyone involved is apparently an idiot, its wonderful
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Jan 26, 2021 00:25
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BIG HEADLINE posted:If their idiotic bullshit is somehow able to make a not-insignificant fraction of the general public aware of how much of a shitshow HFT is, and lead to legislation curtailing it, I can't really be mad about that. I can lament the fact that there are going to be a fuckton of eternally I know I am degenerate gambler buying weekly options and GME will be my best gain i read some random DD on WSB in August bought in 7$ and 15$ for a total of 600 shares. This is best rush I have felt in months.
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Jan 26, 2021 00:27
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https://twitter.com/Oregon_GOP/status/1351656484392759297
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Jan 26, 2021 00:28
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poo poo like that makes me seriously hope there is a split in the GOP, because we are kind of hosed otherwise. Unless trump losing and the disillusioned folk from qanon make enough people never vote again.
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Jan 26, 2021 00:34
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Pine Cone Jones posted:poo poo like that makes me seriously hope there is a split in the GOP, because we are kind of hosed otherwise. Unless trump losing and the disillusioned folk from qanon make enough people never vote again. I hope, but the Tea Party came up and started its own caucus within the party and kept pulling it to the right since 2008 so...
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Jan 26, 2021 00:37
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M_Gargantua posted:January 2021 CE: Everyone involved is apparently an idiot, its wonderful
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Jan 26, 2021 00:40
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Between that and the Hawaiian GOP platforming a Holocaust-denying neonazi it's sort of hard to see the GOP as anything other than a Nazi party
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Jan 26, 2021 00:41
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Pine Cone Jones posted:poo poo like that makes me seriously hope there is a split in the GOP, because we are kind of hosed otherwise. Unless trump losing and the disillusioned folk from qanon make enough people never vote again. If they're attacking the people who didn't hold the line, I wouldn't put a single dime into thinking that the Republican party will fracture.
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Jan 26, 2021 00:44
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yeah they're just fascists but according to them if we don't want to forget everything that happened and come together right now to heal we're the intolerant ones so holy gently caress let's hope the Dems get it together and go after these idiots 
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Jan 26, 2021 00:44
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Pine Cone Jones posted:poo poo like that makes me seriously hope there is a split in the GOP, because we are kind of hosed otherwise. Unless trump losing and the disillusioned folk from qanon make enough people never vote again. If there is a split in GOP, moderate republicans will lose. Not only are those people are going to vote they are going to all vote unlike centrist reps and dems. Majority of the population wants strong borders + effort to sustain lower classes. Biden will do the opposite and will lose the government to the next populist that pops up.
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Jan 26, 2021 00:46
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Yellen's vote wasn't close. https://twitter.com/frankthorp/status/1353845735092051970
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Jan 26, 2021 00:48
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its cool how conservative turned into straight up nazi over the past few years
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Jan 26, 2021 00:48
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ded posted:its cool how conservative turned into straight up nazi over the past few years has the wikipedia article for "Overton Window" been updated with a picture of the AZ state GOP yet
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Jan 26, 2021 00:51
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https://twitter.com/TexasGOP/status/1353112047970443266
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Jan 26, 2021 00:59
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ded posted:its cool how conservative turned into straight up nazi over the past few years The free market ghouls have spent decades nourishing the nazis in order to get their deregulation and tax cuts, now the nazis have taken charge.
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Jan 26, 2021 01:01
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Stultus Maximus posted:The free market ghouls have spent decades nourishing the nazis in order to get their deregulation and tax cuts, now the nazis have taken charge. In case you haven't missed it, the free market ghouls are the wealthy landowners. Our nation was founded with white supremacy hardcoded into its founding document with control put solely in the hand of the aristocracy. The free market ghouls have always been nazis or nazi adjacent/tolerant.
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Jan 26, 2021 01:18
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maffew buildings posted:The amount of self awareness, discipline and risk management you need to day trade is, shockingly, absent in our society that decided hot tips from reddit are basis for rolling their net worth and also failed to stay home and wear masks during a pandemic. So many of my coworkers day trade pretty hard now. It's going to be interesting to see their reaction if the bottom falls out since I know some of them have a ton of money in the market right now. And then there's the one that used part of a HELOC to buy more Tesla stock. I don't know if she owns anything but Tesla stock either. I should probably look into investing since I have a pretty obscene amount of money just sitting in checking accounts(they at least all draw decent interest) but I'm just really lazy and don't give a gently caress. I honestly don't care about making more money and that attitude blows so many of the people I work with away.
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Jan 26, 2021 01:19
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same, id like to save more but ive worked hard on not spending money during the lockdown and ive been a lot happier also marie kondo'ing my poo poo made me not want to load poo poo back up again
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Jan 26, 2021 01:21
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Y'all are making me think I should have went into financial planning and just catered to goons to make sure you're beating the market without having to worry about things.
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Jan 26, 2021 01:33
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fknlo posted:So many of my coworkers day trade pretty hard now. It's going to be interesting to see their reaction if the bottom falls out since I know some of them have a ton of money in the market right now. And then there's the one that used part of a HELOC to buy more Tesla stock. I don't know if she owns anything but Tesla stock either. I'm one of those weirdos who likes the challenge of trading and how it's a big puzzle. I'm hoping this trait is what leaves me with capital when everything falls apart versus my old coworkers who told me I'm an idiot for not going all in on NIO. Or as Sean, who now won't talk to me because I called him out on being a misogynist says, "It's not a loss until you sell". Also your coworker is going to probably get wrecked, jesus
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Jan 26, 2021 01:33
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https://twitter.com/RawStory/status/1353808571792764931
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Jan 26, 2021 01:43
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Mr. Nice! posted:Y'all are making me think I should have went into financial planning and just catered to goons to make sure you're beating the market without having to worry about things. Goon Investment Program (GIP) is something you should create
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Jan 26, 2021 01:49
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Mr. Nice! posted:Y'all are making me think I should have went into financial planning and just catered to goons to make sure you're beating the market without having to worry about things. The contracted financial planning folks they have (had, been a while) on base say the exact same poo poo they teach in the intro courses in MBA programs. The gate keep to being a financial planner is printing a business card.
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Jan 26, 2021 02:02
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Shall we add the "goon-run hedge fund" to the tragic list of failed goon projects?
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Jan 26, 2021 02:16
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| # ? Jun 9, 2024 13:56 |
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KirbyKhan posted:The contracted financial planning folks they have (had, been a while) on base say the exact same poo poo they teach in the intro courses in MBA programs. The gate keep to being a financial planner is printing a business card. Manage your risk, not your money
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Jan 26, 2021 02:17
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