I just figured out why they call them ‘Brokers’
I used to be a real ad
More WallStreetBets Copypastas
Darth Bearish the Regarded
Did you ever hear the tragedy of "Darth Bearish the Regarded"?
I thought not. It’s not a story any bull would tell you.
It’s an ancient Bear legend.
Darth Bearish was a Dark Lord of the Bears, so well capitalized and so regarded he could use Leverage to influence gamma to create profits… He had such a knowledge of the dark side of Leverage that he could even keep other traders he cared about from being margin called.
But the dark side of Leverage is a pathway to many abilities some consider to be... unnatural. He became so bearish… the only thing he was afraid of was losing his positions, which eventually, of course, he did.
Unfortunately, he taught his apprentice everything he knew, then his apprentice reversed his positions in his sleep. Ironic. He could save others from bankruptcy, but not himself!
Tragedy of Darth Plagueis The Wise
WallStreetBets
These are classic hedge fund tricks.
WHAT'S HAPPENING RIGHT NOW IS NOT A SELL-OFF.
Melvin Capital is going to throw a lot of tricks at us that will make it look like the stock is dropping. Don't fall for it.
Do not sell if you see any of these things happen:
GME drops by 30% or more after hours
SEC filings show that shorts have all exited their positions
GME drops below $1 a share
The Gamestop locations near you start closing
GME files for bankruptcy
GME is delisted from the stock exchange
Your bank forecloses on your home for late payment
Your children have children of their own who grow up and become investment bankers and tell you that you should stop telling people you're "diamond handing" a company that went out of business 30 years ago
These are classic hedge fund tricks.
WallStreetBets
Oh my gourd, I am financially ruined (agricultural futures)
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
Classic
WallStreetBets
Damn missed the TSLA pump
Damn missed the TSLA pump... just like last week... and last month.... and last year
WallStreetBets
Don't use the "F word" on the trade floor
Just heard an employee use the “F word” on the trade floor, and immediately fired them. Maybe other funds will tolerate that kind of language, but don’t you dare talk about Fundamentals here.