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0 pointsDennisP6y ago0 comments

So your theory is that they're terrible traders, and your evidence is that they made huge profits on call options?

0 comments

Nope his theory is that most trading is algos, and you can mess with algos, by doing crazy stuff.

Case and point, just five years ago Redditors figured that out that by upvoting a post of image of a potato titled "Gaming Console. If you upvote this potato it will show up on Google Images when people search for Gaming Console." It even borked their news algorithm - https://i.imgur.com/A0zLPSR.png

asavadatti6y ago

Not trying to be a jerk but the phrase is "Case in point".

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trengorilla6y ago

People have been doing this pretty much since Google existed.

henryfjordan6y ago

A few lucky ones made money on terrible bets. There's no way that the posters to that subreddit are breaking even in aggregate.

plorkyeran6y ago

AFAICT the overwhelming majority of posters on WSB are basically burning money. Make enough bad trades and eventually one will accidentally make a bunch of money, but it's definitely not the norm.

dragontamer6y ago

Honestly, I'm convinced that most know how to hit F12 on Firefox and edit HTML pages to 'prove' that they are buying meme stocks. I have zero expectation that their 'proof' is even proof.

All modern web browsers have a debug mode that allows you to easily edit HTML.

manigandham6y ago

Most of the screenshots are from Robinhood mobile and real. Who's actually posting what is the difference and you only see the big gains and losses since they're exciting and not the thousands of people losing money daily on bad trades.

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