chapotraphouse

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The folks on r/Wallstreetbets are going through it (hexbear.net)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 60 points 1 month ago (2 children)

            
              Liquidating crypto they bought or mined when it was cheap to do so, and winning the gamble it would go up
Taking debt and investing with the hopes of beating interest rates
They don't have that much and they're doing leverage plays and getting burned
They're lying and doctoring screenshots
They're working in lucrative jobs in finance or similar and blowing their savings

[–] [email protected] 25 points 1 month ago (1 children)

i think a lot of it is margin which is extra risky

[–] [email protected] 19 points 1 month ago* (last edited 1 month ago)

Its definitely this one. Robin hood is still used for its simplicity (the other more 'serious' trading apps are pretty garbage) but because they also approve hella margin for everyone.

[–] [email protected] 11 points 1 month ago

Being born into it and inexplicably assuming that meant they were smart