3 ms·
what's your point? the sub is literally called "wall street bets"...there's no confusion as to the nature of what everyone is doing. you can write off up to $3
by tempsy 7y ago
what's your point? the sub is literally called "wall street bets"...there's no confusion as to the nature of what everyone is doing.
you can write off up to $3K in capital losses a year. people who jokingly bought $420 and $690 strike options just a few weeks ago are literally up six and seven figures each.
- toomuchtodo 7y agoSure! But there are also folks who have lost hundreds of thousands of dollars. Survivorship bias.
- tempsy 7y agoOK...? I said nothing about the fact there are many more people who lost money or that this isn't akin to gambling. But there are few investments outside of options that can turn a few hundred dollars into $1M in a matter of weeks.
- TacoToni 7y agowow, you werent kidding. some folks made out like bandits. what a rush.