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I've been tracking this as a sideproject this year at https://topstonks.com https://topstonks.com Right now Gamestop and AMD are the stocks dujour: https://to

I've been tracking this as a sideproject this year at https://topstonks.com https://topstonks.com Right now Gamestop and AMD are the stocks dujour: https://topstonks.com/stocks/gme https://topstonks.com/stocks/gme https://topstonks.com/stocks/amd https://topstonks.com/stocks/amd Interestingly, the guys at wallstreetbets were recommending the VIX a few weeks ago right before the correction. It's been a fun thing to watch.

Wirerack 6y ago
This looks great! I made something similar for crypto back in the day, though it was much smaller. Can I ask what tech stack you used?
- cdiamand 6y ago
  Thanks! Rails for the webserver. Postgres and Elasticsearch on the backend!
shakezula 6y ago
I’ve found that sub to be 99% idiots, 1% extremely knowledgeable finance experts who browse it to occasionally comment and laugh at the other 99%. It’s my absolute favorite subreddit to read. I consider it like an apolitical temperature gauge on things. There’s not really any politics in there, but it gets the commentary of the news through the lens of money and it’s always interesting.
- LoathsLights 6y ago
  It's 99% actual 12 year old who somehow managed to set up a robinhood account. Not even joking, if you read some of the comments in the threads you can just tell.
- nurettin 6y ago
  Sounds pretty much like any forum.
  - eru 6y ago
    Many fora have more politics?
  - inglor_cz 6y ago
    Weeelll... r/spacex has quite a lot of real engineers and overconfident opinionated amateurs get called out on details real quick.
    - dotancohen 6y ago
      That's why I participate on r/spacex. I am free to post my KSP understanding of spaceflight and be corrected by real rocket scientists. Makes me feel smart _and_ learn, while spreading a minimum of disinformation. And most of the time, I learn things that I would not have even known to ask about.
      - neuronic 6y ago
        As long as you don't spread disinformation with overconfidence you really just learn. The problem with false information are the people who want to sell it as correct information for a variety of reasons.
        dotancohen 6y ago
        I don't know why this was downvoted, you are correct. I'm sure that I've posted some wrong things, but not disinformation. Nobody who is ever going to do anything with the information on that sub will ever rely on info posted there. The worst I've seen is some pseudo-news organization actually quoting a Reddit post on r/spacex without attribution. People who actually build rockets don't learn their craft from Reddit.
    - paulpauper 6y ago
      r/math and r/physics also have little tolerance for bs too
- jb1991 6y ago
  I am a Reddit newbie but how could it be a subReddit if it’s on a different site?
  - will0 6y ago
    They're referring to /r/wallstreetbets
  - huseyinkeles 6y ago
    They are talking about wallstreetbets subreddit https://www.reddit.com/r/wallstreetbets/ https://www.reddit.com/r/wallstreetbets/
  - ayewo 6y ago
    /r/wallstreetbets or wallstreetbets both refer to the same subreddit at https://www.reddit.com/r/wallstreetbets/ https://www.reddit.com/r/wallstreetbets/
  - purerandomness 6y ago
    Topstonks (linked above) seems to be a news aggregator and also scrapes comments from some subreddits (They have a "see original") links near each scraped comment. I also was confused at first.
  - me_me_me 6y ago
    Reddit is a composite of many subreddits. Each subreddit is oriented around specific or a broad topic, a theme. There is a subreddit for anything you can think of, some very niche subreddits are excellent sources of information.
    - jb1991 6y ago
      I understand all of that. My question was about something different: how subreddits could be different websites. It was answered by the sibling commenters.
- dharma1 6y ago
  Any picks for expert /u's worth following?
  - tupputuppu 6y ago
    You want one from the idiots or one from the finance experts?
    - fedd 6y ago
      That's an expert question
    - LilBytes 6y ago
      Yes.
  - marketgod 6y ago
    Me. TSLA and AAPL get in those until we get some signals in a few years.
- konschubert 6y ago
  Plus people in there at pretty self-aware and it can be very funny.
- kilroy123 6y ago
  Yup I've been lurking there for years. It was better before this year. Still a few gem comments but you gotta wade through the crap.
- kristopolous 6y ago
  I was on some Facebook thread and some people were posting screenshots of how they lost 100% during the pandemic... Like $20,000 -> 0 in a matter of weeks. It was extraordinary. They were all using WSB and doing extremely foolish options trades. Before seeing that I would have claimed basically any sincere strategy in good faith would be a winner right now. Clearly no, there's plenty of people who managed to burn through thousands in these conditions. Really illustrates the difference between gambling and investing. It's probably excellent advice to never look at WSB and regard it as 100% noise. Randomly drawing letters out of a hat and buying those stocks would have produced dramatically better results. Edit: i just bought a $100 or so of 4 stocks by randomly selecting letters until I got a match. Let's see how this strategy pans out. I bet it won't go to zero
  - JumpCrisscross 6y ago
    > I would have claimed basically any sincere strategy in good faith would be a winner right now Options have more degrees of freedom than stocks. Since they're derivatives, those degrees must ultimately collapse to the delta, i.e. to the stock's price movement, as the sole non-zero sum source of profit. As a result, there are more ways for professionals to monetize their edge.
  - paulpauper 6y ago
    I was on some Facebook thread and some people were posting screenshots of how they lost 100% during the pandemic... Like $20,000 -> 0 in a matter of weeks. It was extraordinary. They were all using WSB and doing extremely foolish options trades. Right, but there are also traders who have made 10x or more. Many have turned a few thousand into 5 or 6 figures. You have to find the right strategies and traders to follow. There are traders who demonstrate skill, by consistently making profits. This involves optimal position sizing and optimal call option duration and strike prices and other factors such as momentum.
    - timoth3y 6y ago
      > There are traders who demonstrate skill, by consistently making profits With a large enough group consistently making profits would not necessarily be a demonstration of skill. Even if the returns were completely random several traders would constantly perform well above average.
- collyw 6y ago
  Sounds like most of Reddit to be fair.
- throw0101a 6y ago
  > There’s not really any politics in there, but it gets the commentary of the news through the lens of money and it’s always interesting. You may be interested in this 11 minute video of Ben Felix, of PWL Capital in Canada, entitled "US Elections vs. the Stock Market": > With the upcoming United States presidential election, lots of investors are worried about how the election outcome will affect their investments. This is not a new worry - elections are stressful times and it seems obvious that the outcome should impact the stock market. Rhetoric from across the political spectrum certainly doesn’t help. > Fortunately, the relationship between stock markets, elections, and political parties has been studied extensively, allowing us to step back from the rhetoric to consider the historical data and the theories that explain it. * https://www.youtube.com/watch?v=HYHu9PMY_C4 https://www.youtube.com/watch?v=HYHu9PMY_C4 There some interesting apolitical (peer-reviewed) papers linked in the description. It's all about time-varying risk aversion. (No connection/relationship, just a fan of his.)
  - atombender 6y ago
    Also a fan of Ben Felix. He goes straight to the point, cites real research, and doesn't do any distracting comedy skit stuff (ahem, The Plain Bagel).
NicoJuicy 6y ago
> The best advice from the worst investors on the internet I like the catch phrase, lol
shawnz 6y ago
The other day a WSB poster put his whole life savings in GameStop and lost half of it: https://www.reddit.com/r/wallstreetbets/comments/j8loz1/do_i_have_any_chance_put_my_life_savings_on_gme/ https://www.reddit.com/r/wallstreetbets/comments/j8loz1/do_i...
- cwhiz 6y ago
  That sub is full of extraordinarily risky (stupid) trades. It’s one of the most entertaining places for a toilet read.
- lcrmorin 6y ago
  He bought calls AFTER the surge ... they call that a 'retarded' move. On the other side of the spectrum there was a good GME DD that was predicting a pop one hour before the Microsoft Deal.
  - onemiketwelve 6y ago
    This kills the autist.
hnracer 6y ago
They recommend the VIX all the time mostly sarcastically, or do you mean the recommendations went to even higher levels than normal
- cdiamand 6y ago
  Yeah it climbed to the #1 or #2 most mentioned for a while. Followed by a correction.
bigphishy 6y ago
This is a nice website I will definitely bookmark this. What criteria do you use to create a top 10 list?

Wirerack 6y ago

This looks great! I made something similar for crypto back in the day, though it was much smaller. Can I ask what tech stack you used?

cdiamand 6y ago
Thanks! Rails for the webserver. Postgres and Elasticsearch on the backend!

shakezula 6y ago

I’ve found that sub to be 99% idiots, 1% extremely knowledgeable finance experts who browse it to occasionally comment and laugh at the other 99%. It’s my absolute favorite subreddit to read. I consider it like an apolitical temperature gauge on things. There’s not really any politics in there, but it gets the commentary of the news through the lens of money and it’s always interesting.

LoathsLights 6y ago
It's 99% actual 12 year old who somehow managed to set up a robinhood account. Not even joking, if you read some of the comments in the threads you can just tell.
nurettin 6y ago
Sounds pretty much like any forum.
- eru 6y ago
  Many fora have more politics?
- inglor_cz 6y ago
  Weeelll... r/spacex has quite a lot of real engineers and overconfident opinionated amateurs get called out on details real quick.
  - dotancohen 6y ago
    That's why I participate on r/spacex. I am free to post my KSP understanding of spaceflight and be corrected by real rocket scientists. Makes me feel smart _and_ learn, while spreading a minimum of disinformation. And most of the time, I learn things that I would not have even known to ask about.
    - neuronic 6y ago
      As long as you don't spread disinformation with overconfidence you really just learn. The problem with false information are the people who want to sell it as correct information for a variety of reasons.
      - dotancohen 6y ago
        I don't know why this was downvoted, you are correct. I'm sure that I've posted some wrong things, but not disinformation. Nobody who is ever going to do anything with the information on that sub will ever rely on info posted there. The worst I've seen is some pseudo-news organization actually quoting a Reddit post on r/spacex without attribution. People who actually build rockets don't learn their craft from Reddit.
  - paulpauper 6y ago
    r/math and r/physics also have little tolerance for bs too
jb1991 6y ago
I am a Reddit newbie but how could it be a subReddit if it’s on a different site?
- will0 6y ago
  They're referring to /r/wallstreetbets
- huseyinkeles 6y ago
  They are talking about wallstreetbets subreddit https://www.reddit.com/r/wallstreetbets/ https://www.reddit.com/r/wallstreetbets/
- ayewo 6y ago
  /r/wallstreetbets or wallstreetbets both refer to the same subreddit at https://www.reddit.com/r/wallstreetbets/ https://www.reddit.com/r/wallstreetbets/
- purerandomness 6y ago
  Topstonks (linked above) seems to be a news aggregator and also scrapes comments from some subreddits (They have a "see original") links near each scraped comment. I also was confused at first.
- me_me_me 6y ago
  Reddit is a composite of many subreddits. Each subreddit is oriented around specific or a broad topic, a theme. There is a subreddit for anything you can think of, some very niche subreddits are excellent sources of information.
  - jb1991 6y ago
    I understand all of that. My question was about something different: how subreddits could be different websites. It was answered by the sibling commenters.
dharma1 6y ago
Any picks for expert /u's worth following?
- tupputuppu 6y ago
  You want one from the idiots or one from the finance experts?
  - fedd 6y ago
    That's an expert question
  - LilBytes 6y ago
    Yes.
- marketgod 6y ago
  Me. TSLA and AAPL get in those until we get some signals in a few years.
konschubert 6y ago
Plus people in there at pretty self-aware and it can be very funny.
kilroy123 6y ago
Yup I've been lurking there for years. It was better before this year. Still a few gem comments but you gotta wade through the crap.
kristopolous 6y ago
I was on some Facebook thread and some people were posting screenshots of how they lost 100% during the pandemic... Like $20,000 -> 0 in a matter of weeks. It was extraordinary. They were all using WSB and doing extremely foolish options trades. Before seeing that I would have claimed basically any sincere strategy in good faith would be a winner right now. Clearly no, there's plenty of people who managed to burn through thousands in these conditions. Really illustrates the difference between gambling and investing. It's probably excellent advice to never look at WSB and regard it as 100% noise. Randomly drawing letters out of a hat and buying those stocks would have produced dramatically better results. Edit: i just bought a $100 or so of 4 stocks by randomly selecting letters until I got a match. Let's see how this strategy pans out. I bet it won't go to zero
- JumpCrisscross 6y ago
  > I would have claimed basically any sincere strategy in good faith would be a winner right now Options have more degrees of freedom than stocks. Since they're derivatives, those degrees must ultimately collapse to the delta, i.e. to the stock's price movement, as the sole non-zero sum source of profit. As a result, there are more ways for professionals to monetize their edge.
- paulpauper 6y ago
  I was on some Facebook thread and some people were posting screenshots of how they lost 100% during the pandemic... Like $20,000 -> 0 in a matter of weeks. It was extraordinary. They were all using WSB and doing extremely foolish options trades. Right, but there are also traders who have made 10x or more. Many have turned a few thousand into 5 or 6 figures. You have to find the right strategies and traders to follow. There are traders who demonstrate skill, by consistently making profits. This involves optimal position sizing and optimal call option duration and strike prices and other factors such as momentum.
  - timoth3y 6y ago
    > There are traders who demonstrate skill, by consistently making profits With a large enough group consistently making profits would not necessarily be a demonstration of skill. Even if the returns were completely random several traders would constantly perform well above average.
collyw 6y ago
Sounds like most of Reddit to be fair.
throw0101a 6y ago
> There’s not really any politics in there, but it gets the commentary of the news through the lens of money and it’s always interesting. You may be interested in this 11 minute video of Ben Felix, of PWL Capital in Canada, entitled "US Elections vs. the Stock Market": > With the upcoming United States presidential election, lots of investors are worried about how the election outcome will affect their investments. This is not a new worry - elections are stressful times and it seems obvious that the outcome should impact the stock market. Rhetoric from across the political spectrum certainly doesn’t help. > Fortunately, the relationship between stock markets, elections, and political parties has been studied extensively, allowing us to step back from the rhetoric to consider the historical data and the theories that explain it. * https://www.youtube.com/watch?v=HYHu9PMY_C4 https://www.youtube.com/watch?v=HYHu9PMY_C4 There some interesting apolitical (peer-reviewed) papers linked in the description. It's all about time-varying risk aversion. (No connection/relationship, just a fan of his.)
- atombender 6y ago
  Also a fan of Ben Felix. He goes straight to the point, cites real research, and doesn't do any distracting comedy skit stuff (ahem, The Plain Bagel).

NicoJuicy 6y ago

> The best advice from the worst investors on the internet I like the catch phrase, lol

shawnz 6y ago

The other day a WSB poster put his whole life savings in GameStop and lost half of it: https://www.reddit.com/r/wallstreetbets/comments/j8loz1/do_i_have_any_chance_put_my_life_savings_on_gme/ https://www.reddit.com/r/wallstreetbets/comments/j8loz1/do_i...

cwhiz 6y ago
That sub is full of extraordinarily risky (stupid) trades. It’s one of the most entertaining places for a toilet read.
lcrmorin 6y ago
He bought calls AFTER the surge ... they call that a 'retarded' move. On the other side of the spectrum there was a good GME DD that was predicting a pop one hour before the Microsoft Deal.
- onemiketwelve 6y ago
  This kills the autist.

hnracer 6y ago

They recommend the VIX all the time mostly sarcastically, or do you mean the recommendations went to even higher levels than normal

cdiamand 6y ago
Yeah it climbed to the #1 or #2 most mentioned for a while. Followed by a correction.

bigphishy 6y ago

This is a nice website I will definitely bookmark this. What criteria do you use to create a top 10 list?