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Things may have changed since you last used reddit but now I regularly see people playing with $1000s of dollars joking about buying weekly options and trading
by xmprt 6y ago
Things may have changed since you last used reddit but now I regularly see people playing with $1000s of dollars joking about buying weekly options and trading on leverage that they don't have and then not understanding the implications of that when things come crashing down.
- nrmitchi 6y agoThere's been a lot more of this in the last 8 months when it's been pretty difficult to actually lose in the stock market.
- mdtusz 6y agoThe subreddit has ~65,000 weekly active users (ignoring this week), and the screenshots of "big" positions aren't that common, and often from the same accounts. It's a bit disingenuous for people to make it seem like there's thousands of people putting their life savings and retirements into stocks - and even so, I would guess that many of the people who do claim to use "life savings" actually mean "the 10k I had in my bank savings account" because they're only 23.