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What actually went wrong with WallStreetBets?
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This is just a theory, nothing in this post should be taken as financial advice.

Dear WallStreetBets,

Did you ever think that maybe it was your own fault?

People were constantly posting screenshots of their RH accounts that had $450,000 and up all dumped in to one stock.  If i had 1.5 billion at my disposal (costs 1.5 billion to get a seat on NYSE trade floor) and i saw some random asshole post a screen shot that has a million on GME. 

I can literally just buy $3 million in puts and sell immediately and i just took your million. 

 What i THINK would hurt these dick holes more if we all picked a few big ass hedge funds, and made the exact same moves as them. (on a smaller scale of course) The extra funds going into puts would make a huge difference, you would make money AND they could either let it happen or fuck themselves over trying to stop it.

Again, this is purely hypothetical. Arguments welcome.

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Posted
3 years ago