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As someone that's been in wallstreetbets for 7 years. The memes were always there, and that community has been glorifying losses for a long time. Mostly around
by vmception 6y ago
As someone that's been in wallstreetbets for 7 years. The memes were always there, and that community has been glorifying losses for a long time. Mostly around options bets during earnings season.
The only thing that has changed lately is that trading options become free. Options used to be prohibitively expensive. Oh yeah and a couple people killed themselves, the irony here being that people stop blaming the trader and blame the broker after the trader self harms? Convincing. But it definitely helped bring the attention from everyone that figured they had slightly better self preservation skills and could understand how settlement works.
I'm glad undercapitalized people stopped gravitating towards penny stocks.
- cstejerean 6y agoWhat also changed this year is that a lot of other things to do for fun became unavailable due to Covid. Betting on stocks is something you can do from the comfort of your own home.
- vmception 6y agoThat didn't hurt for sure, but everyone wanting to be a day trader always happens during asset bubbles.