4 ms·

Since this comment is one of the top threads, I'm just going to re-post my earlier comment from one of the sub-threads: This comment about having made millions

Since this comment is one of the top threads, I'm just going to re-post my earlier comment from one of the sub-threads: This comment about having made millions leveraging on SPY and QQQ over the course of 100+ trades doesn't check out, given that a few days back, this commenter created this throwaway account to complain about finding it hard to quit their job at Amazon because the pay is so good. https://news.ycombinator.com/item?id=25878201 https://news.ycombinator.com/item?id=25878201 IOW, they're lying for Internet points.

irjustin 6y ago
Perhaps this guy isn't real, but there's plenty of guys on WSB who have been able to do it. They're the dream to achieve. I admit I'm jealous myself because I missed out on great buys like NIO, PLTR, GME. I'm paying attention now, but I'm worried I missed the boat already.
- Miner49er 6y ago
  In my experience there will likely be another boat (or yatch). Back in 2016/2017 the meme was AMD, then there was TSLA and then GME, and lots of smaller ones in between. There will be more.
  - neuronic 6y ago
    Not if the boomers activate the SEC. All it takes is one reddit ban of WSB. People won't just reorganize somewhere else, it never happens. Sure, a bunch of them will be somewhere else for 4 months but then the movement is dies because most WSB users will stick to reddit long term.
    - Miner49er 6y ago
      True, but I don't think that's likely to happen.
thinkingemote 6y ago
As the article points out, it's about reality being controlled. In this case the user wrote something to change reality for their benefit. The change they want is for more people to play the wsb game. And for more people to believe that the game has many winners. The mistake is that their message was untruthful, it was an exaggerated attempt to create hype. Or. It was a user lying to make them get attention on the internet and feel better for a short amount of time, but I like my first idea as it's directly called out in the subject we are discussing. Thanks for unveiling it! edits - I think its also like if you say something is important enough, it becomes important. So if wall street are still debating if wsb is or isnt actually relevant it means they already are. So the message is twofold. Firstly it's a "play the game, we need the hype" but more like "these comments have importance in itself because we say so". It's similar to meme magic - to say that 4chan memed Trump into office is utterly ridiculous, in reality they didn't. But enough people believed they might have and looked into it and thought maybe they did, that the effect of 4chan became important. A magic trick is about what you think you saw after you leave the theatre. edit2 - and even my comment reinforces the effectiveness of the strategy just by commenting on it!
sct202 6y ago
It could be that they made and lost millions and their net wasn't too impressive until the yesterday. A lot of people only mention their wins. Edit: Saw he worked at FAANG and is 30, so there's a pretty good chance he also started with investing million(s).

irjustin 6y ago

Perhaps this guy isn't real, but there's plenty of guys on WSB who have been able to do it. They're the dream to achieve. I admit I'm jealous myself because I missed out on great buys like NIO, PLTR, GME. I'm paying attention now, but I'm worried I missed the boat already.

Miner49er 6y ago
In my experience there will likely be another boat (or yatch). Back in 2016/2017 the meme was AMD, then there was TSLA and then GME, and lots of smaller ones in between. There will be more.
- neuronic 6y ago
  Not if the boomers activate the SEC. All it takes is one reddit ban of WSB. People won't just reorganize somewhere else, it never happens. Sure, a bunch of them will be somewhere else for 4 months but then the movement is dies because most WSB users will stick to reddit long term.
  - Miner49er 6y ago
    True, but I don't think that's likely to happen.

thinkingemote 6y ago

As the article points out, it's about reality being controlled. In this case the user wrote something to change reality for their benefit. The change they want is for more people to play the wsb game. And for more people to believe that the game has many winners. The mistake is that their message was untruthful, it was an exaggerated attempt to create hype. Or. It was a user lying to make them get attention on the internet and feel better for a short amount of time, but I like my first idea as it's directly called out in the subject we are discussing. Thanks for unveiling it! edits - I think its also like if you say something is important enough, it becomes important. So if wall street are still debating if wsb is or isnt actually relevant it means they already are. So the message is twofold. Firstly it's a "play the game, we need the hype" but more like "these comments have importance in itself because we say so". It's similar to meme magic - to say that 4chan memed Trump into office is utterly ridiculous, in reality they didn't. But enough people believed they might have and looked into it and thought maybe they did, that the effect of 4chan became important. A magic trick is about what you think you saw after you leave the theatre. edit2 - and even my comment reinforces the effectiveness of the strategy just by commenting on it!

sct202 6y ago

It could be that they made and lost millions and their net wasn't too impressive until the yesterday. A lot of people only mention their wins. Edit: Saw he worked at FAANG and is 30, so there's a pretty good chance he also started with investing million(s).