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Did WallStreetBets lose money?
He estimates he’s lost roughly $600,000 on options bets over the years, but the number’s so high he’s not even sure of the exact figure. “On any given day, 90 percent of the people on WallStreetBets are losing money,” says Michael Haupt, a former financial advisor who moderated WallStreetBets from 2019 to 2020.
What happened to WallStreetBets?
Reddit group r/WallStreetBets (WSB) has closed its doors and is now a private-only community. WSB stood together while brokerages like Robinhood (which recently filed for an IPO) banned buying “meme stocks” and driving fear in the market.
Is WallStreetBets real?
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading.
How much did Redditors make on GameStop?
A Redditor claimed to have turned $53,566 in GameStop call options into an $11.2 million fortune. The trader first showed their GameStop call positions doubling in value in a September 2019 post. Insider has not independently verified the trader’s claims of turning a profit.
How much did WallStreetBets make from GameStop?
Talk of overnight riches. Adding to the interest: fantastic claims of overnight riches. One prominent Wallstreetbets member said he turned a $50,000 investment in GameStop into $22 million, mostly in the past few weeks, and that his GameStop fortune had soared to a mind-boggling $48 million as of Wednesday night.
Who runs WallStreetBets?
Jaime Rogozinski
r/wallstreetbets
| Icon and banner | |
|---|---|
| Type of site | Subreddit |
| Founder(s) | Jaime Rogozinski |
| URL | reddit.com/r/WallStreetBets |
| Registration | Optional |
What are FD’s WallStreetBets?
“FD’s is Wall Street Bets slang for out of the money options expiring within a week. Basically, options give you the opportunity to buy 100 shares of a stock upon the expiration date. “However, you don’t need to wait until the expirations date to make money.
What is going on with GameStop shares?
Following a massive short squeeze, GameStop shares rocketed as much as 1,600 per cent over a two week span at the end of January that burned short-selling hedge funds for billions of dollars. It and a number of other so-called ‘meme stocks’ have cratered in the last few days following trading restrictions on platforms like Robinhood.
Can the market afford another GameStop Saga?
Amid inflation fears and the sudden drop in prices of tech-related growth stocks, the market can ill-afford another GameStop Corp. (NYSE: GME) saga. However, in the absence of strong regulation around tech-enabled trading, retail investors are expected to continue to drive market dynamics in the coming months.
Are meme stocks back to hitting financial experts?
The meme stock rallies that shook the market at the turn of the year and led to regulatory probes in the United States appear to have returned to haunt financial experts in the past few days.
Are large funds trying to pump silver on Reddit?
It should be noted that Reddit posters do not have to identify themselves. A number of WallStreetBets members say large funds, and not retail investors, are trying to pump silver while reminding users about the Hunt Brothers who tried something similar more than 20 years ago.
https://www.youtube.com/watch?v=6XZRDyBfUUg