THE TRUTH IS OUT THERE
Read Millionaire Fastlane
I've Read UNSCRIPTED
- Oct 2, 2012
Bought 40 shares of AMC for the lulz. Lets see if i lose the money or not. I'm one of those damn robinhood traders i guess.I think there is a misconception on WSB a bit.
The Reddit community as a whole mostly consists of millennials.
In particular, WSB are much, much smarter than they put on. It's like a bunch of us at a Summit totally cracking jokes and talking shit all while talking about a serious subject lol.
The "bunch of kids in a basement spending stimmy money" actually works in their favor, and was the same thing that totally destroyed Tesla shorters. Under-estimation is quite the edge in a fight. If you don't think some of the PPP or EIDL money hasn't funneled or is inside Tesla stock (or in other stock contributing to the overall equity market exploding), then you may want an awakening, and I don't think kids in a basement are doing that.
Honestly; I think the "kids in their moms basement" narrative was dropped by the big guys awhile back when they realized it wasn't.
What I like about WSB is that their BS filter is on another level, and things will get called out for what it is and ain't very fast.
With all that said....
THIS IS A.... MOVEMENT. NEVER go against a movement lol, as its one of the most powerful things in the world. I think probably most of us here would like to give a huge middle finger to the big guys.
Although it is and will be a pump and dump when its all said and done; the mechanisms of it is extremely unique and never seen before.
Most think; these WSB guys will fall flat on their face.. will they though? I mean, to be honest; most of these guys got in around $30-50. Yes, you see lots of comments about $100-150, but even then; when this things goes to $1k.. Do you think the guys with $150 entries are the ones falling on their face?
Or will it be the media-induced greedy non-WSBer coming around trying to get in on the action buying in at $500+?
The scary part on all of this and "The Movement"? Its exposed something that can be replicated toward other highly short floated stocks. (*achem* AMC. disclaimer: I am balls deep in that from an earlier entry).
Mob Mentality: During a riot; once they see that they can burn down a building and it went successfully; they go to find another building.
Use smart stops, move them up as things move up, learn to get out when you hear average Joes actually buying the hype (and not just talking about it) because their stupider neighbors are richer cause of it, and learn to pull profits on the way up and can say "ah shit, should of held... oh well" as you turn around to smash a Pro V1x down a fairway from your new Taylormade driver.
Then you'll do fine in any bubble. The most gains are in the last stretch anyways.. and we are at the Belief stage where the doubters actually give in and "believe" and put their money in. Then Thrill, then Euphoria. Then GTFO lol.
$1k. then AMC.
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