I came here for the first time and in 3 minutes made the decision to put way more than I can afford into PLTR calls. Iβm too retarded and now I literally dont know what to do I am financially ruined and I canβt even remember what I read that said this pltr thing was a good move. Fml
I came here for the first time and in 3 minutes made the decision to put way more than I can afford into PLTR calls. Iβm too retarded and now I literally dont know what to do I am financially ruined and I canβt even remember what I read that said this pltr thing was a good move. Fml
GME short squeeze
Lets dumb this down for you apes:
- Let's say 5 banana's currently cost 10 dollar
- One ape on the market has 5 banana's
- Snake asks to borrow 5 banana's for a bit and instead sells the 5 banana's thinking price will go down soon (shorting). he thinks he can buy them later for less and give them back to ape, so he make's profit on the difference.
- Group of apes notice what stupid snakes are doing and decide to buy all banana's on the market until snakes have no other choice than to buy from the group of apes in order to return what they borrowed
- If group of apes stay strong then price will go πππ
Lets dumb this down for you apes:
- Let's say 5 banana's currently cost 10 dollar
- One ape on the market has 5 banana's
- Snake asks to borrow 5 banana's for a bit and instead sells the 5 banana's thinking price will go down soon (shorting). he thinks he can buy them later for less and give them back to ape, so he make's profit on the difference.
- Group of apes notice what stupid snakes are doing and decide to buy all banana's on the market until snakes have no other choice than to buy from the group of apes in order to return what they borrowed
- If group of apes stay strong then price will go πππ
Wallstreetbet's Christmas break
Gonna be checking the market every chance I get while pretending to think my brother-in-law's Cards Against Humanity answers are funny.
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