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If you don't have enough money to pay your rent but winning means getting a Ferrari then yes. Losing means nothing and winning is everything. At least that's th
by jsonne 6y ago
If you don't have enough money to pay your rent but winning means getting a Ferrari then yes. Losing means nothing and winning is everything. At least that's the point I was trying to make.
- chasebank 6y agoYou're literally describing gambling. I watch people drop entire paychecks on scratchers at the local liquor store every week in hopes of a new mustang. If I head up north to the Chumash Casino, I'll find hundreds playing Keno with their entire lifesavings trying to win it big. WSB's is no different. Hell, it's even in the name of the sub! Also, although WSB has had some affect on the GME squeeze, it was originally identified by no other than Michael Burry, the guy from the movie the Big Short. He's been in the GME game long before the reddit army joined in. [1]https://www.businesswire.com/news/home/20190819005633/en/ https://www.businesswire.com/news/home/20190819005633/en/
- 29athrowaway 6y agoThat is not the case in WSB. Many of them gamble with amounts well beyond their bankroll, which is not possible with most casino games.
- chasebank 6y agoNo, they're just leveraged beyond their bankroll. Any broker will have a backend stop-loss and force margin call them before the broker lets the client go negative.