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> “They (the old mods) left for years and came back when they smelled money,” wrote “zjz," a banned moderator. sort of ironic given the purpose of the sub.
by leetcrew 6y ago
> “They (the old mods) left for years and came back when they smelled money,” wrote “zjz," a banned moderator.
sort of ironic given the purpose of the sub.
- gabereiser 6y agoI was going to say the same thing. Long holds work exactly like this... Don't look at it for a long time to restrict your temptation to day trade and potentially make a wrong move at the wrong time. Every successful investor I know does this. They put in it, don't look at it for months, if not years, and do a eval-reshuffle of their portfolio every 5-10 years. The more media /r/wallstreetbets gets, the more I'm convinced it's going to implode from within due to money and power.
- emteycz 6y agoIts very different. Speculating on a market vs taking over a sub after being inactive for years to get into the spotlight when it's in the news is not comparable at all.
- leetcrew 6y agoagreed, I think in this case reddit made the correct (or "least bad") decision. I just find it amusing that users of a subreddit dedicated to getting rich quick by making wild bets would complain about a mod cashing in on their position. it's sort of like a graffiti artist complaining about someone defacing their work.
- deleted 6y ago[deleted]
- throwaway316943 6y agoWell that’s one strategy, nothing wrong with it but there are a lot of other ways to generate money from the stock market.