200k out of 300m isn’t insignificant
#stonks
crystal quarry
nah it isnt
its like $800 out of 1M
its a lot
no its fucking ont
omg mage
u r crazy man
800 out of 1m is not a rounding error
median cradle
For 300m it is insignificant
crystal quarry
thats a significant amt
median cradle
800 is insignificant for 1m
unreal quest
Why does elon musk still have mortgages then?
median cradle
Its smart
median cradle
Mortgages are cheaper interest than what he makes
unreal quest
Yeah
unreal quest
$1M can probably become 70k a year
unreal quest
Assuming a 7% return
hasty burrow
Man the balls on steel on this mf
crystal quarry
no it wont
bruh is everyone in here trolling lol
unreal quest
Which is fairly conservative
lyric minnow
7% return u wont make 200k a year on 1m
unreal quest
The market has historically performed at 12%
hollow ridge
median cradle
No its not
hollow ridge
he's still in
crystal quarry
is what u can assume
median cradle
SPY is literally 7% forever
unreal quest
$50M
hasty burrow
Crazy? Or genius
hollow ridge
wym SPY is on average like 7-10% no?
unreal quest
He’s ultra high net worth now
crystal quarry
wym SPY is on average like 7-10% no?
nah thats bc of last 10 years imo
hasty burrow
wym SPY is on average like 7-10% no?
For the past decade yea
hollow ridge
ofc market will crash so on some years it won't be as good
lyric minnow
my triple leveraged etf made 10% one day so i can extrapolate this to 3500% gain annualy.
crystal quarry
it wont be like this forever
unreal quest
That’s the point where you get a wealth manager
Considering he literally had 50k a year ago
He had the balls to risk the entire 50k
His life savings
median cradle
SPY is literally 7% since like the 70s
hollow ridge
He had the balls to risk the entire 50k
fcking diamond balls bro
unreal quest
He’s gonna have ppl showing up at his house
He had 50k a year ago
That was his life savings
Yeah
He used 700k that he made
To buy more
50k was all he had at the beginning
Look back at his 2019 posts
He sold some gains
50k was all he had
Yeah
650k is a middle class net worth
So he’s not struggling by any means
But now he can buy a mansion
rapid fable
you guys need ur own channel tbh this got fucked
unreal quest
He could drop $5M on a mansion
median cradle
?
main spruce
Gotta throw ur first year swe salary into a meme stock bois
vivid shard
Amazon didn’t email me 😦
unreal quest
@fleet cypress r u gonna buy more gme?
rapid fable
channel just devolves into alex talking about his family's money lmao
median cradle
It's literally a private channel
rapid fable
yea u right
unreal quest
It’s private
unreal quest
There’s like 50 ppl
median cradle
And it's relevant to explain how he had so much to yolo
median cradle
Because there is probably like 1000 people his age who could do that
unreal quest
Ehh probably more than that
median cradle
Yeah maybe a little more, regardless it's very few
unreal quest
I fully acknowledge it’s rare
I’m 20
At 30 yeah
If ur family has $10M net worth it’s doable
Which is like 1%
I’d say at least 10k
unreal quest
Cutoff for top .1% is harder to find
I see plenty of ppl on my LinkedIn feed who built 7 figure businesses in high school
Looked it up and supposedly the cutoff for the top 1% is $40M
Although it’s an estimation
If u have 40m u can justify it
Top .01% is supposedly 100m
Which is about 10000 families
15000
There’s about 15000 households with 100m
Over 1m with 10m
Over 10m with 1m
I’ve seen plenty of ppl in their 20’s with 100m
Illiquid doesn’t count
Taylor Swift has like 500m
And she’s young
I doubt even Taylor Swift is in the top 10000 richest ppl in the us
There’s so much old money and finance money
Even 10000 seems a bit low
Plenty of offshore money
I think it also is explains the gap between the top 1% income and net worth
That’s only what’s reported to the government
And plenty of income at higher levels isn’t taxed
There’s no way the average family making 400k has 10m
median cradle
Oh defff not
unreal quest
That’s like 250k after taxes and saving 40 times ur net worth isn’t feasible
Top 1% income is 470k
Top 1% net worth is 11m
The numbers just don’t add up
lyric minnow
if you buy anything other than a mutual fund you are INELIGIBLE for channel admin, sorry! 🙂
round holly
WSB is back
unreal quest
Yeah
round holly
time to take GME to the moon🚀
unreal quest
Discord is still down
median cradle
Esp since people like doctors/lawyers/professors have so much school
unreal quest
There’s plenty of ppl with 10m net worths with $0 incomes
Either unrealized capital gains, old money, or stock
I’m still worried about the discord thing
250k is a lot of members
Who just got cut off from each other
It’s the same thing and having all my contacts deleted
I keep my contacts on a secured drive
median cradle
Maybe, but the subreddit is back
unreal quest
Would u say everyone on the discord is active in the subreddit?
If then it’s not a huge problem
But will still be hard to send out instant notifications
exotic crypt
the discord participants are like a subset of the reddit participants
like 99% of them are on the subreddit
also instant notifications, if you want them, sometimes i go on the discussion threads and select live feed for options
you can just see up to date stuff being posted in the comments all the time
unreal quest
So this won’t have any serious impact?
exotic crypt
doubtful
unreal quest
On the ability to make these types of moves
Would gme still have rocketed even if the discord didn’t exist
exotic crypt
i think the fact that the subreddit and discord were affected was a slight shock but its already rebounded most of the way in ah trading
yea
median cradle
Pre market will be back/higher than where it was at
unreal quest
This is still an awful move on discord’s part
exotic crypt
shorts won't fully expire until friday and even beyond, thats where everyone is saying it will rocket some crazy pct
agreed
and agreed
hollow ridge
GME 🚀 9:30AM ET
exotic crypt
its not like we were inciting a riot at the capital
unreal quest
Would u say it’s in the realm of possibility?
exotic crypt
i think the sky's the limit depending on how much the big holders keep their ground
unreal quest
In terms of the capital riot, it was very wrong. I still take issue with tech company’s being the ones to censor stuff
Someone has to put a stop to it
exotic crypt
hmm.. yeah, i didn't like that they were getting violent
unreal quest
But is it the tech company’s responsibility
median cradle
Idk it's tough to say
unreal quest
They should have absolutely no influence on the content on their platforms
exotic crypt
could be argued both ways
median cradle
I kinda agree with trump being gone but idk about random conservatives
round holly
They should have absolutely no influence on the content on their platforms
Amen about this
unreal quest
free speech does not cover your right to incite violence
Right
But it’s not the tech company’s role
To decide what people see
But then, who’s role is it?
As much distrust as I have in law enforcement, I’d honestly rather have them handle it than the tech company’s
exotic crypt
yeah, the way i look at it is if there is someone in a wal-mart talking about inciting violence then wal-mart is within their right to kick them out or call the cops
businesses have the right to deny service
round holly
Remember when zucc said "Tech companies shouldn't be the arbiters of truth"
and does a 180
unreal quest
I kinda think that’s different
median cradle
Nah DEFINITELY tech over law enforcement if I had to choose
unreal quest
When u have a billion people on ur platform it’s a different story
A tech company shouldn’t have control over a billion people
They should merely be an intermediary
exotic crypt
they'll just go somewhere else but if you let it happen then you are complicit
unreal quest
Mark zuckerberg shouldn’t have the ability to project his views onto 1 billion people
round holly
businesses have the right to deny service
The right to deny service doesn't really mean anything anymore tbh.
Companies dont have that power anymore
median cradle
I mean yes they do lol
round holly
not as much as before
round holly
cuz ppl can claim different discrimination
median cradle
I'm not saying it's a good thing but they literally have the power
unreal quest
Was he doing anything objectively wrong on twitter?
And by that I don’t mean non democratic
I mean universally wrong
round holly
na cause a person can claimed they were kicked out cuz of race
or some other protected class
lost sorrel
I'd say trying to overthrow the duly elected government is wrong.
unreal quest
Was it twitters role to decide tho?
lost sorrel
Yes
median yarrow
Was it twitters role to decide tho?
???
unreal quest
I’d rather have the courts decide
round holly
We all know that twitter was gonna do it anyways
lost sorrel
Donald signed the TOS like everyone else.
median cradle
The courts deciding would be against the first amendment
unreal quest
He had 88 million followers
round holly
like if there was no riot they would have banned trump after jan 20th
lost sorrel
The president isn't above the law.
unreal quest
do we need new laws to control this?
Should tech company’s be limited to what they can censor
round holly
This is gonna go to courts in a couple years
celest rain
Don't have any issues with companies exercising their private powers but it's kind of like a monopoly ISP saying "we're not forcing you to use us, you're free to find another internet provider" but they're the only fucking monopoly in the area. I hope this admin regulates the shit out of tech. Parler's userbase was small compared to FB/Twitter (not excusing their cesspool of a userbase) but it's pretty clear most of the Capitol riot attack wasn't even planned there, it was planned in daylight on FB/Twitter. Big tech suddenly got a little spooked and shifted blame on all Parler, conveniently ignoring the fact that they've been doing jack shit for the past 4 years in ensuring extremist echo chambers aren't festering
round holly
its gonna be as big as a decision as something like gay marriage and abortion
dense osprey
yea imo there is somewhat of an ethical issue where companies with control over media can decide how information is disseminated and censored
unreal quest
These company’s care about nothing but profit
dense osprey
as much as i dislike trump and support his ban its still worth thinking about
unreal quest
The only reason they took this action was because they were concerned it would affect their profit
round holly
Wait this is the stonks channel lol
unreal quest
Like doesn’t Facebook censor any right continent
Or at least have a history of doing it
unreal quest
At the end of the day everything relates to stocks
quasi heart
jesus
celest rain
I guess we're going off on a tangent
quasi heart
at the end of the day everything relates to ucf
celest rain
wsb discord got nuked so
round holly
Lets talk about how GME is going to the moon 🚀 🚀
dense osprey
what other stocks are there
quasi heart
thank you @celest rain
celest rain
BACK ON TOPIC
dense osprey
what are stocks yall are looking into
round holly
Have u guys seen $KOSS
unreal quest
Gme
dense osprey
what's kkoss
unreal quest
Honestly dogecoin
round holly
Absolute insanity
unreal quest
I think dogecoin is gonna rise eventually
dense osprey
what's a good stock that's not a meme stock
unreal quest
$3 a few days ago
quasi heart
damn i thought i was in a casino
unreal quest
$58 now
round holly
median cradle
what's a good stock that's not a meme stock
Sir this a casino
unreal quest
What caused it to rise?
round holly
the same memes that made gme rise
dense osprey
ppl from twitter and other place are hopping on amd expecting it to be the next gme
not amd
amc
median cradle
???
quasi heart
since when has gme been a meme
unreal quest
Why kiss in particular?
round holly
i got it at 17 in the morning
unreal quest
We’re institutions shorting it?
round holly
but i barely got anything
unreal quest
Koss is kinda random
quasi heart
damn do we want to go around the room and talk about why we're in gme 🙂
lost sorrel
Fomo
median cradle
For the chance to get a fat nest egg
quasi heart
ok damn im really in a casino then
median cradle
It was a calculated risk for me
lost sorrel
ok damn im really in a casino then
Always were 😀 🔫
unreal quest
What do u think of aoc?
quasi heart
jesus
zinc pasture
unreal quest
Would u call this a casino?
But do casinos involve strategy
This isn’t slot machines
subtle blade
When some math genius does have a proper strategy, they usually get kicked out
From what I've heard lol
More for like card games or whatever though
round holly
Guys lets not pretend GME isnt a meme
that became a classwar
Its the degens vs the know it alls
median cradle
???
It's a strategy
We are putting melvin out of business this isn't a pump and dump or something like that
exotic crypt
lol it has a name, a short squeeze. its been done before but not like this
median cradle
Ya ik
exotic crypt
its something that can be done due to the way the rules are setup and when some institution overextends themselves
celest rain
overextend is an understatement LOL
median cradle
They got caught with their pants down is what happened
unreal quest
This isn’t really pump and dump
exotic crypt
worst possible scenario
unreal quest
We’re not hurting retail investors
We’re impacting the rich
On the other hand 9B in losses isn’t a good look
That’s not even their money
They’re managing it for someone else
exotic crypt
for people who can afford to be in a hedge fund
unreal quest
That could be an entire pension fund
Pension funds and universities buy into hedge funds
exotic crypt
those clients are pretty well off if they can make the minimum for an account there
unreal quest
As do companies
That could be many people’s pensions
They’re institutional investors
Not individuals
exotic crypt
are pensions managed by hedge funds?
thats ridiculous then for their strategy of shorting people's pensions haha
unreal quest
Pensions buy into the hedge fund
They can’t manage their money
So they turn to the hedge fund
And expect them to return 2.5-3x the capital in 7-10 years
Hedge fund gets 20% of the profits
And takes 2% of the base annually to pay salaries
A lot of ppl are gonna get fucked by this
Insurance companies too
They have so much money that they need someone to manage it
They suddenly can’t pay for someone’s broken house
exotic crypt
thats an aggressive hedge fund to pull that
exotic crypt
there are different strategies employed, and to overshort a stock is not a good idea
unreal quest
Literally the worst strategy ever
median cradle
Insanely greedy
unreal quest
They were so confident about it hitting 0
Melvin is now down to 0
Actually negative
median cradle
Shorting is effective sometimes but not like this
unreal quest
They’ve probably lost tens of billions
I don’t know why they even went along with it
Greed
median cradle
They should've cut their losses and closed when GME was at like 15
unreal quest
Why did they keep shorting when they were already losing
They needed to be bailed out
Now Melvin is bankrupt
median cradle
It would spike but there wasn't nearly as much hype
unreal quest
It’s nothing now
All the instructional investors are gonna be pissed
They just lost 9 billion
They entrusted these hedge funds with their money
Now they have non
And some teacher won’t get their pension
I don’t even know how they’re gonna recover 9 billion
median cradle
Hope my mom's pension wasn't in there 😶
unreal quest
Some stupid short just costed a lot of ppl their livelihoods
They aren’t recovering this
Melvin literally has 0 now
hasty burrow
Bailout? 
median cradle
Twitter
celest rain
it's so stupid
i'd bet discord has plenty of tools that run analysis on server text logs and etc.
of all the servers they can nuke there are far worse ones than wsb
median cradle
These hedge funds desperate rn they doing whatever they can
round holly
Csch?
celest rain
cs career hub
lost sorrel
personal-finance channel in csch is so boomer
Are they still telling people to use CDs and bonds? 
celest rain
"GME i think is going to be an exceptional case, it's gone beyond "investing" discussion tbh. i'm extremely extremely wary of encouraging discussion of complex financial mechanisms that, imo, most retail investors (i.e. "us") have no business touching — very few of us have deep finance experience, and that makes me deeply skeptical when the conversation uses a lot of finance jargon" - someone said this lmao
"complex financial lmechanisms that most retail investors have no business touching" like bruh ok, keep calling yourself dumb
stop shilling for hedge funds
median cradle
Honestly I plan to learn more about technicals maybe take a class or two about it, but that doesn't mean you can't make money on stocks
lost sorrel
Most people should stick to index funds, that's correct. But unless your YOLOing your savings into the meme stock of the week, you should be fine playing with a little money here and there.
Especially in the industry we're in.
median cradle
Even then, it depends on the market
This year buying literally any tech stock or meme stock pays off
lost sorrel
That's great, but we're in the bullish of bull markets right now. Completely divorced from reality. Everything seems to be "priced in".
median cradle
No that's what I'm saying
lost sorrel
I wouldn't rely only on tech and meme stocks.
unreal quest
This is such bullshit
We’re bull
We know what we’re doing
It’s very predictable
CDs and index funds are boring
Yeah maybe you’ll get a 10% annual return
Fine if you’re saving for retirement
And don’t like risk
But these risks are the only way to make money in this market
median cradle
I'll definitely put a good bit away into index funds, I like ICLN
exotic crypt
yeah i'm bullish on icln
median cradle
But I'll keep a substantial bit for more aggressive plays
exotic crypt
i have iclean, arkf, and some vanguard etf
exotic crypt
nope but they've kept up with the market
i've made ~40ish %
return
they've only just now started dropping
unreal quest
Big difference
exotic crypt
yeah well tell me the next gme
unreal quest
Read wsb
exotic crypt
i do
unreal quest
Not kidding
median cradle
I do
median cradle
Amc lol
exotic crypt
they did tsla, pltr, etc. I should do it more
unreal quest
They know what they’re doing
exotic crypt
calls on amc?
unreal quest
Calls are the only way
median cradle
I was in nio at 20, pltr at 18, gme at 50
dense osprey
pltr at 18 as well
median cradle
I've bought some
unreal quest
Calls r the only way I’m gonna make 1000x returns
median cradle
I have some BB calls that are a 10 bagger now
lost sorrel
Gme has increased 150x
Imagine expecting 150x returns.
unreal quest
3x on a small amount of capital doesn’t mean much
lost sorrel
Let me know when you find it.
exotic crypt
yeah, i do need to start accessing leverage
ie options
too poor to just rely on my own capital
median cradle
Honestly I may do theta gang stuff for my "safer" investments that can yield decent return also
exotic crypt
like getting leaps on safer stocks?
dense osprey
theta gang is smarter
exotic crypt
i need to read up on that
median cradle
@unreal quest makes the stock market seem like an infinite money glitch lmao
vivid shard
✨Gambling✨
median cradle
What plays?
median cradle
What calls
unreal quest
When it hit $220, I bought $250 calls
Made a huge amount within seconds
Still holding my $200 calls
median cradle
I'm up ~70% today actually but GME is the first play I've done that well on
median cradle
Wait so you bought them after hours then
unreal quest
Too much not to try
unreal quest
Wait so you bought them after hours then
Yeah
I’d say 90% of them were bought after hours
median cradle
God I gotta switch to webull...
median cradle
Hmm I consider that too, is the app decent
unreal quest
They have a 24/7 helpline
And I can get an expert on call whenever
Parents switched to Goldman Sachs
But they still kept the Schwab account open
median cradle
My roth is in Fidelity but I hate the mobile UI
median cradle
Why
median cradle
Fair
unreal quest
Schwab is more personalized
median cradle
I'll probably switch after GME schenanigans is done cause it can take a little while right
unreal quest
Goldman is very personalized
median cradle
Is that just cause you have million accounts or for everyone
unreal quest
Wdym?
median cradle
Like is that universal in schwab
unreal quest
The wealth management services have a minimum of $1 million
And .8% per year
It’s mostly an advice service
Use them to get financial advice
There’s no minimum account size
But u generally need 250k or more in assets to have access to a financial advisor
median cradle
Yea still not me lul
unreal quest
I always consult with them before making any big trades
They helped me lay it out properly
median cradle
But like, what advice can they actually give to someone buying options and stuff
unreal quest
Basically best prices to buy at, when to sell, using historical data, etc
They’re trained to do this
They’ve worked with many clients before
dense osprey
trying to hard to find a good stock to research 
unreal quest
250k is a rough number
Here’s the whole range of services
But they have services available to ppl with 25k
Actually 5k
Just read it
median cradle
Yea looking at it
unreal quest
However for more than $10M I’d find a different bank
Goldman has minimum of $10M but $50M is where they actually start to treat u well
They’ll let u open an account at $10M
But for the best services u need $50M
And even then billionaires get the best treatment
unreal quest
With $5k u can still get a dedicated advisor
Or at least have access to customer service
bold hearth
what better stuff do u get with 50m? or as a billionaire?
median cradle
Yeah I might go to schwab after GME is done
celest rain
looks like dfv is gonna need to find a goldman office soon 
unreal quest
what better stuff do u get with 50m? or as a billionaire?
More personalized advice, priority, they’ll take ur calls first
They’ll treat u like a family member
They’ll give exclusive opportunities to higher net worth clients
median cradle
Suck you off /s
unreal quest
Like investing in pre ipos
bold hearth
Hmm that’s interesting
unreal quest
That’s essentially what they do
As an investment bank they have to raise money from their clients
To finance deals
And the high net worth clients have access to better deals
median cradle
Bruh investing in some of these companies pre ipo would be insane
unreal quest
There are deal minimums
U can do it with equidate
Or services like that
They’ll allow u to invest 20k
But u need to be an accredited investor
1m net worth or 200k income
median cradle
God I have to grind leetcode
unreal quest
I’m investing in pre ipo
Not my own capital
But I’m raising an spv from family friends
And alumni
And other investors I cold emailed
Just a lot of cold outreach
Then I can get in on the deal minimums
median cradle
That's a move right there
unreal quest
The discord thing actually kinda helped me
I’m still pissed about it
And will take political action
Lobbying to try to protect tech users from company censorship
I don’t care that I made a bunch of money on it. I care that tech companies are censoring people
$500 calls are now an option
They’re $62
Expensive
Imma buy some
unreal quest
Also I’m loading up on a few puts as well
unreal quest
I want calls but don't have buying power for any
U can still go with puts
They’re super cheap
A crater is very likely
So it’s worth it
They’re literally pennies
median cradle
A few weeks out or?
unreal quest
Friday
median cradle
Wait why, the crater could easily be next week or something
unreal quest
Yeah it’s a bad idea
$50 puts are $5.60
9 days out
I honestly could just cash out right now
Now I’m starting to feel greedy
I really don’t know
Whether I should just take the already fabulous returns
Or hope to make a bit more
And try to become richer than my parents
Dfv is still holding on
Imma listen to him
median cradle
So how much of the return do you actually get
unreal quest
Wdym?
median cradle
Like it's your parents money right? Or some of it?
unreal quest
Yeah
Imma have to talk it out with them
Since it’s an assload of money
They said we’ll talk about it once it’s liquidated
It’s gonna be a long conversation
They said they see a downside to letting me have this much money
And that they’d rather put it in a trust
Yeah that’s the plan
Probably start a fund
And institutionalize it
Yeah I have clients in mind
I’m in some conversations
Some angels are open to this
Type of invetsing
It’s worked
I’m speaking to potential lp’s
And some actually like it
Others think it’s too risky
Pretty much all are open to pre ipo
Pre ipo is pretty promising
I’ll actually have enough to invest in databricks
Stripe
Robinhood
And those will definitely balloon
I’m gonna create an spv to do this
Rather use an spv. More personalized interaction with the companies and the amounts I’m puttting in are too large for equityzen
I’ve already sold about 10% of my positions
Special purpose vehicle
Pooling money together
Yeah
I’ve sold enough so that I won’t be extremely devastated if they all went to 0
Wouldn’t be the most exciting outcome
But enough so that I can handle it emotionally
And still have a good ouromce
I’m still in
I’m also buying puts
median cradle
Bruh I should've bought calls
unreal quest
Yeah
median cradle
If I had $4m+ instant retirement
unreal quest
I’m at 8
median cradle
I wanna live more fatfire tho
median cradle
80m???????????????
unreal quest
Kinda crazy
dense osprey
wow
unreal quest
But it was literally the markets
median cradle
Can I see a screenshot of this account biggest gainsporn I've ever heard of
bold hearth
Wait alex you have 80 million?????
unreal quest
It’s too personal
bold hearth
holy shit
unreal quest
Not to spend
median cradle
Fair enough
unreal quest
Dfv has larger percentage returns
bold hearth
insane
unreal quest
I don’t want to make myself a target on there
median cradle
Only half joking
bold hearth
Props to you lol
unreal quest
There’s 50 ppl here and I trust everyone
I can’t expose myself to millions of people
median cradle
Yeah don't
unreal quest
At that point security would be a concern
median cradle
Absolutely
bold hearth
alex is the 1%
unreal quest
Where I live no one needs security
median cradle
Wait SD right?
unreal quest
Since everyone is at the same level
La Jolla
The median net worth here is like 5m
median cradle
Do you go to ucsd
median cradle
You not in school yet?
dense osprey
alex ik we're random ppl on discord but make sure you don't tell people in real life
bold hearth
Yeah don’t tell anyone irl
unreal quest
alex ik we're random ppl on discord but make sure you don't tell people in real ...
Literally no one I see in person knows
median cradle
I wouldn't go to school lmao
unreal quest
I’m very selective with who I tell
I still collaborate here
I always invite collaborators
I’m actively hiring
I’m always down to work on projects
vivid shard
Gambler in Chief
unreal quest
But yeah I feel I can trust this place
Since ur not just random ppl
Ur CS students
vivid shard
Can I be Chief Risk Increaser
unreal quest
It honestly hasn’t even sunk in yet
My mindset hasn’t changed
Considering I had nothing in my bank account a week ago
bold hearth
Ur basically a lottery winner lol
unreal quest
It will take some time to figure everything out
median cradle
Sent you a linkedin request
unreal quest
Accepted
median cradle
Yeah not that I made generational wealth but made more then I ever have from working in like 5 years
Still doesn't feel different at all
I was actually pretty down yesterday it's weird
celest rain
wtfff
unreal quest
Hmm I don’t see it
celest rain
just read through the chat lmao
unreal quest
R u sure it was sent?
celest rain
damn you're gonna be balling
my brother is going to USC!
I swear everyone there is low key
unreal quest
Accepted
celest rain
kind of a trust fund kid
(not saying you are or that my family is)
it's got that reputation tho
dense osprey
alex lotta respect for grinding hard af despite the fact you could easily NEET and live a fantastic life
unreal quest
Yeah
celest rain
imagine making big gains on wsb but still
bold hearth
Yeah true u grind way harder than me
celest rain
in it for the LC grind
unreal quest
I’m going to have to talk to my parents
celest rain
that's the real hustle
unreal quest
About how to well move forward
dense osprey
go change the world
unreal quest
Since it’s not a small matter
Well have to see what my parents say
About how we’ll manage the situation
dense osprey
hedonistic treadmill
unreal quest
I’m not gonna drastically change my lifestyle
I don’t want to just give up on the grind and isolate myself in a mansion
celest rain
are you gonna basically pretend you don't have it
unreal quest
I still enjoy a sense of familiarity
celest rain
i feel like I would probably do that
unreal quest
For now yeah
The occasional splurge is fine
I can’t comprehend it
I literally had the beg my parents for doordash money last week
So it’s hard to comprehend for me
It still feels like a video game
median cradle
Fr
unreal quest
If it was after a long career and I built it up slowly it would be very different
But it’s literally a lottery win
Which I don’t like to say
Probably
Longer term definitely
Me too
But that’s the best analogy
Based on the timeframe
median cradle
I was more excited about 1k or 2k gains over the last couple months, now it's so much more but not necessarily exciting
unreal quest
It was a condition of the markets
I really could just cash out right now
I don’t know what’s motivating me to hold
And wait for the surge
celest rain
the spirit of dfv
median cradle
9 figures
dense osprey
honestly being a full time investor seems really fun
hasty burrow
bruh
good shit
how much did you make from today?
everyone mirror @fleet cypress
celest rain
i'm high key trying to be that rich uncle in the family
hasty burrow
unreal quest
Started out today at 32
celest rain
who gives his nieces/nephews iphones for christmas
median cradle
Andrew left might barely be wealthy after this 😂
unreal quest
The discord thing honestly gave me a huge bump
median cradle
Wsb disc shut down
unreal quest
And gme came cratering down
celest rain
wsb discord got nuked
hasty burrow
its back up now?
sonic coral
who gives his nieces/nephews iphones for christmas
hey its me, ur nephew
unreal quest
But it quickly recovered
dense osprey
once i get rich enough to buy security for my family i'm just gonna do shrooms until i ascend
celest rain
its back up now?
the subreddit went down briefly for private, that's back up but the discord is perma nuked
dense osprey
yea why did discord do that
unreal quest
Gonna have some discussions
dense osprey
any official statement?
sonic coral
yes
celest rain
sonic coral
tbh prob a valid reason lol
unreal quest
Yeah it is
sonic coral
weird timing tho
celest rain
they have more than enough internal tools to monitor server chats for any hate speech, but of course the tallest tree catches the wind
sonic coral
this probably lol
celest rain
so they found an excuse to nuke it
unreal quest
Yeah I don’t buy the hate speech thing
celest rain
also "nothing to do with financial fraud related to gamestop" LMAO
sonic coral
the discord was unusable tho lol
unreal quest
They don’t want the Sec up their ass
sonic coral
so much lag, traffic, and spam
unreal quest
Wsb is now 4m users
dense osprey
unreal quest
There’s no way they can shut that down
sonic coral
There’s no way they can shut that down
discord can shut down any server they want for whatever reason
celest rain
https://twitter.com/josephpalbanese/status/1354213030087675906?s=20
i don't see the problem
i've been in mw2 lobbies
that's nothing
sonic coral
probably in text chats
unreal quest
Okay
I couldn’t even pick out a single word
They said elon was doing an ama
I couldn’t even get on
Cuz mine kept crashing
celest rain
i tried to join the voice channel and it nuked my laptop
had to log back into discord just to be able to leave the server in one piece
median cradle
Apparently? He tweeted about it a couple times at least
So probably ig
Idk if he actually talked
unreal quest
There’s no way to hold a constructive conversation
Theoretically I could become a trillion sire
With these strategies
median cradle
🤨
unreal quest
But what would happen if the value of my shares actually went to a trillion?
There’s enough to handle a billion
Based on volume
Someone could have bought in at a billion
And it could have gone to a trillion
However I can just rinse and repeat
Would it be possible?
Would there be enough volume
To handle that much liquidity
Yeah gimme a second
Have to check Schwab
Okay the delta for the $100 calls is literally 1
Highest it can be
Not sure if I’m seeing it right
median cradle
Yeah they have to cover every share
unreal quest
Anything below 165 is 1
200 is .96
I have a range of different contracts
But let’s start with the $100 one
Atm, I have 1400 $100 contracts
With a delta of 1
hollow ridge
ultimate yolo: elon musk and his entire net work for GME
unreal quest
1x100x1400=140000
unreal quest
@fleet cypress
celest rain
(i'm not even meming they put a gaming computer so you will be able to play witcher 3 in your model s)
unreal quest
For my $100 contracts the number is 140,000
unreal quest
I have other ones tho
Quite a few $250 ones
And $200 ones
I’m still holding onto some $100 ones
How do I interpret this number?
dense osprey
my children will play witcher 3 as tesla nanny model drives them to pre-k
median cradle
This man made 80 mil and just learned this AFTER?!?!?!
unreal quest
So they’ve bought at least 140k
median cradle
unreal quest
This man made 80 mil and just learned this AFTER?!?!?!
I don’t have all the fundamentals down yet
I literally started trading options a week ago
median cradle
I mean it doesn't even matter lmao
unreal quest
Yeah
What about my positions?
Is this even sustainable?
I literally outperformed every fund
median cradle
Well no
unreal quest
And I didn’t even really know what an option was not that long ago
median cradle
Not sustainable
celest rain
imagine grinding LC DP 3d hards to get into citadel when u coulda just been AlexL1220
unreal quest
There will be more
Amc
Bb
I think this opportunity will last for another few months
Amc could skyrocket
median cradle
NKLA \s
unreal quest
Wsb traders found an exploit
No reason not to continue
I think hedge funds are stupid
They’ve been shorting gme for years
celest rain
they fucked around and found out
unreal quest
Will this fundamentally change their approach
Will they stop shorting
Are they aware of wsb?
Melvin literally has to close the doors
Cuz of this
Institutions?
Why would anyone short
Knowing what will happen
You’ll need enough leverage
You’ll face massive losses before winning anything
median cradle
So is it like free money to buy 100p when it's really high
dense osprey
chill there's a person in this group who has autism
also fun fact: michael burry himself believes he has autism
Aspergers syndrome*
unreal quest
Yeah
Dfv
He still did better than I did
He risked his entire life savings
He saw an opportunity that no one knows else saw
What I did was nowhere near as remarkable
That he put everything into it shows he had balls
I simply bought a $1 lotto ticket
Plotkin is the real idiot here
He waddled through 13 billion
That’s peoples retirement money
And now he’s talking about how brilliant he is
Andrew left has made almost nothing in his 25 year career
sonic coral
were they trading with retirement money?
i doubt they would have such aggressive short positions on retirement money
eh wtf do i know about melvin anymore
hasty burrow
I don’t think people put retirement money in a hedge fund?
waxen fractal
pension funds can be managed by hedge funds
unreal quest
Yeah
Plenty of pension funds invest in hedge funds
Supposedly putting money into citadel would be a very secure thing
Either pension funds, insurance funds, university endowments, companies
Maybe high net worth individuals
Melvin guys are idiots
Any profit they could have made isn’t worth it
How are these funds that invested gonna recover their money
sonic coral
funny thing is they were actually really high performers before this gme shit
unreal quest
The pension funds
Now that Melvin is 0
So the lp’s aren’t getting anything back?
At a loss
They burned through the entire 9 billion
So they still have 6?
sonic coral
didnt even apply to citadel
unreal quest
Ken is the biggest idiot to ever walk the planet
We all hate Ken
Worst position anyone could ever make
Why would Ken do this?
Not like he’ll get it back
Would have been more efficient to just burn it
Did he actually think he’d profit off of this?
Well the madness had already began
He knew about this when he gave the loan
It wasn’t going down
You know. I feel my mindset is slowly changing
For the past few days I haven’t thought about recruiting at all
Actually having thoughts about charity
Dfv is holding on
Probably to raise the stock for peasants like us
I still feel no incentive to sell
You know, it’s quite common for stock to go down after hours
Institutions do it to scare
Retail investors into selling
But it always goes back up the next morning
I sold a little bit more now
Unloading small amounts at a time
Like dfv
I’m following him
Whatever he does I’ll do
I’m in it for the long run
unreal quest
I did it
On a smaller scale of course
I just don’t have the balls to do what dfv did
Make myself a wsb celebrity
unreal quest
Okay maybe I’ll do it
You’ve convinced me
I might make a wsb post
I just can’t invite a bunch of creepy ppl into my life
I’ll happily doxx myself in other places
I’ll get money requests
And have people showing up at my door
hasty burrow
nah dont doxx urself
median cradle
DEF don't dox on reddit
unreal quest
Always looking to collaborate
median cradle
Seriously.
unreal quest
DEF don't dox on reddit
Through dm’s it’s fine
hasty burrow
nah dude just chill
median cradle
Yeah sure
unreal quest
I use reddit to find ppl to work with
hasty burrow
you dont need to post lol