Retail investors are flocking to Discord amid the Reddit day-trader revolution | Crypto Craft

  • Retail investors are flocking to Discord amid the Reddit day-trader revolution

    From businessinsider.com

    While Reddit's WallStreetBets forum dominated market headlines in January as day traders challenged Wall Street short sellers to pump the price of GameStop stock, an emerging class of investors are increasingly finding their way to Discord. The mobile and desktop platform hosts over 4,000 servers tagged "trading" and over 700 tagged "stocks," according to data site Disboard. On any given trading day, hundreds of exchanges are sent through Discord channels as investors discuss options they're buying, breaking news developments, and positions they're taking."Take profits on SNDL or no??" one user posted in the server ... (full story)

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ForeverNewb
Feb 13, 2021 5:38pm
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Somehow I have a feeling that ~10% will make it, 45% will go like: "dude, XYZ @ 273$, shall I enter?"..."yes, out at 312"... trade works "damn I'm such a good trader", then go on & lose their money by going YOLO on next trade... and the remaining 45% will go like:"dude, XYZ @ 273$, shall I enter?"..."yes, out at 312"... trade doesn't work "damn you phooking a$$hole you lost my money!" hence lose their YOLO trade.
No much different from FF or any other forum and no different from any other life activity: the few that put the work in will make it whatever the way... won't change how the market works: if more buys, price up etc
might even make it easier for big players to take money from the small (due to direct access to the crowd)
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LloydOz
Feb 14, 2021 12:34am
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Quoting ForeverNewb
Somehow I have a feeling that ~10% will make it, 45% will go like: "dude, XYZ @ 273$, shall I enter?"..."yes, out at 312"... trade works "damn I'm such a good trader", then go on & lose their money by going YOLO on next trade... and the remaining 45% will go like:"dude, XYZ @ 273$, shall I enter?"..."yes, out at 312"... trade doesn't work "damn you phooking a$$hole you lost my money!" hence lose their YOLO trade. No much different from FF or any other forum and no different from any...
Yeah, that YOLO theology is a bit of a no brainer, really. Too many dollars, not enough cents (yes, they can afford the latest gimmicky iPhone/smart technology, so none of this crap about being poor).

They actually don't care if they lose? Och, made a mistake and went total belly up, doesn't matter, YOLO.

On that basis, may be interesting to update the percentage figures in say two years, watching those 10% who initially do very well..

The facilitator says that they are teaching people how to fish, and this is tremendous. But it is from a bucket filled with fish.

Some may think I'm pessimistic. So eat me.
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SterlingSnip
Feb 14, 2021 3:40am
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bunch of uneducated new generation traders, made a lot of money shorting gme @470 . Let em open the pockets
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alxtr8der
Feb 13, 2021 8:18pm
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Quoting ForeverNewb
Somehow I have a feeling that ~10% will make it, 45% will go like: "dude, XYZ @ 273$, shall I enter?"..."yes, out at 312"... trade works "damn I'm such a good trader", then go on & lose their money by going YOLO on next trade... and the remaining 45% will go like:"dude, XYZ @ 273$, shall I enter?"..."yes, out at 312"... trade doesn't work "damn you phooking a$$hole you lost my money!" hence lose their YOLO trade. No much different from FF or any other forum and no different from any...

Its time for new "big players" to emerge. Only those with actual knowledge and preparation will profit under these market conditions. Get that money!
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