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As a regular myself, I was inspired to "Yolo" money into OTM GME calls after I saw Andrew Left (of Citron Research) post a video. Citron has been burned shortin
by synaesthesisx 6y ago
As a regular myself, I was inspired to "Yolo" money into OTM GME calls after I saw Andrew Left (of Citron Research) post a video. Citron has been burned shorting Shopify, Nvidia, Tesla, and much much more. Needless to say it worked out quite well.
https://i.imgur.com/GUb3mEk.jpg https://i.imgur.com/GUb3mEk.jpg
The reality is, most hedge funds don't actually know what they're doing - the vast majority can't even outperform simply buying & holding Apple stock or S&P index. Fund managers sell a narrative (the "idea" that they know what they're doing).
I only throw speculative amounts into absurd WSB-level plays, because I can afford to lose a few thousand here and there with zero consequence whatsoever. When it works in your favor, the wins far outweigh the losses. 80x returns in a day or two is absolutely insane (and rare), but I've been consistently making 6 digits of profits annually just from this kind of madness. In the spirit of WSB, YOLO