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The last few months have been pretty crazy. I've been tracking WSB's most commented stocks as a sideproject - https://topstonks.com https://topstonks.com Up un

The last few months have been pretty crazy. I've been tracking WSB's most commented stocks as a sideproject - https://topstonks.com https://topstonks.com Up until yesterday you could reliably hop on whatever the hivemind was interested and make some money. They even foreshadowed the market drop by mentioning the VXX before the correction. It'll be interesting to see what happens in the next few days.

deleted 6y ago
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xmprt 6y ago
That's surprising given the conventional wisdom that you're supposed to inverse WSB. If inverse WSB isn't working then that means something really weird is happening.
- hbosch 6y ago
  Ah yes, but the pros know you always inverse the inverse.
  - pantalaimon 6y ago
    Good old stone trick.
- resist_futility 6y ago
  a broken clock is always right twice a day
- thrav 6y ago
  Inverse the gain porn —- Don’t buy TSLA on the day everyone is posting screenshots of their $4M accounts —- Ride the wave of the self-fulfilling DD.
  - arcticbull 6y ago
    That was terrible advice until, well, yesterday. It's been a straight line rocket ship to the moon. Each and every gain porn post would have been a solid entry until yesterday.
    - xmprt 6y ago
      TSLA was an outlier. Something that I read (not on WSB) is that when it becomes too easy to make money on the stock market, that means there's about to be a big correction.
- Red_Leaves_Flyy 6y ago
  Is that the conventional wisdom of an actual day trader or just a wsb lurker? Not trying to be snarky, just honestly curious as I have seen very similar comments on wsb. I've no dog in these fights btw. I don't actively manage my portfolio and have little interest in ever doing so. Though I do enjoy reading about the failures of those who do day trade with millions.
  - manigandham 6y ago
    It's nothing more than a joke. You have no way of knowing what the true majority opinion is, nor does that translate to real trades which involve a lot more parties and money. And being the contrarian isn't profitable except in rare scenarios. The dips this week were a minor pullback. Anyone who kept going short while waiting for this would've been insolvent by now.
trevor-e 6y ago
Amazing work, I've been doing something similar in my free time and it's a lot of fun.
DenseComet 6y ago
What change happened yesterday? I've seen something about changes made yesterday a couple times now and I'm not really sure what to search for.
- TedDoesntTalk 6y ago
  Nasdaq dropped 5%, s&p dropped 3.something
puranjay 6y ago
That's awesome! Would love to see a comparison to hyped cryptos on /biz/

deleted 6y ago

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xmprt 6y ago

That's surprising given the conventional wisdom that you're supposed to inverse WSB. If inverse WSB isn't working then that means something really weird is happening.

hbosch 6y ago
Ah yes, but the pros know you always inverse the inverse.
- pantalaimon 6y ago
  Good old stone trick.
resist_futility 6y ago
a broken clock is always right twice a day
thrav 6y ago
Inverse the gain porn —- Don’t buy TSLA on the day everyone is posting screenshots of their $4M accounts —- Ride the wave of the self-fulfilling DD.
- arcticbull 6y ago
  That was terrible advice until, well, yesterday. It's been a straight line rocket ship to the moon. Each and every gain porn post would have been a solid entry until yesterday.
  - xmprt 6y ago
    TSLA was an outlier. Something that I read (not on WSB) is that when it becomes too easy to make money on the stock market, that means there's about to be a big correction.
Red_Leaves_Flyy 6y ago
Is that the conventional wisdom of an actual day trader or just a wsb lurker? Not trying to be snarky, just honestly curious as I have seen very similar comments on wsb. I've no dog in these fights btw. I don't actively manage my portfolio and have little interest in ever doing so. Though I do enjoy reading about the failures of those who do day trade with millions.
- manigandham 6y ago
  It's nothing more than a joke. You have no way of knowing what the true majority opinion is, nor does that translate to real trades which involve a lot more parties and money. And being the contrarian isn't profitable except in rare scenarios. The dips this week were a minor pullback. Anyone who kept going short while waiting for this would've been insolvent by now.

trevor-e 6y ago

Amazing work, I've been doing something similar in my free time and it's a lot of fun.

DenseComet 6y ago

What change happened yesterday? I've seen something about changes made yesterday a couple times now and I'm not really sure what to search for.

TedDoesntTalk 6y ago
Nasdaq dropped 5%, s&p dropped 3.something

puranjay 6y ago

That's awesome! Would love to see a comparison to hyped cryptos on /biz/