GameSTONKS Thread - Power to the meme's

[Tyrath]

Zet is pretty sus. Think the suits sent him to attack us.

[Zetanio]

It's also troubling how staggeringly misinformed WSB is about basic shit.

[Zetanio]

Naked shorts don't exist. Ladder attacks aren't a thing. "Batch trading" or whatever retarded thing they call it is just large book trading. If you have 50k of a stock, you don't just slap on the sell button unless you wanna take dicks all the way down. You find someone wanting a large chunk and you sell the whole thing at a static price.

[Day]

Everyone saying it’s over...

HOW FUCKING STUPID ARE YOU.

this is exactly what they want. you’re all certain it’s going back to 20$ if your monkey brain with 5 days experience in stocks thinks that big money knows that. it’s obviously being shorted on the way down. This is the idea of a infinity squeeze every time the previous shorts cover new scum will try short it on the way down. after the squeeze if we all hold the line and don’t allow it to slide those shorts will have to cover and so on until they realise it isn’t a good idea to short business that supports tens of thousands of jobs around the world during a pandemic. I don’t think most Americans understand the reach of GameStop (living in Ireland almost every little town has a GameStop). Just because you paper-handed doesn’t make you smart it makes you a idiot for bringing it down and losing out on massive gains for everyone. but it’s not over we may want two lifetimes supply of trendies but shorts are greedy greedy greedy people this is being shorted into the ground.

[Zetanio]

where u copypasta from

[Day]

wsb kek

[Zetanio]

oh you

[Tyrath]

Everyone saying it’s over...

HOW FUCKING STUPID ARE YOU.

this is exactly what they want. you’re all certain it’s going back to 20$ if your monkey brain with 5 days experience in stocks thinks that big money knows that. it’s obviously being shorted on the way down. This is the idea of a infinity squeeze every time the previous shorts cover new scum will try short it on the way down. after the squeeze if we all hold the line and don’t allow it to slide those shorts will have to cover and so on until they realise it isn’t a good idea to short business that supports tens of thousands of jobs around the world during a pandemic. I don’t think most Americans understand the reach of GameStop (living in Ireland almost every little town has a GameStop). Just because you paper-handed doesn’t make you smart it makes you a idiot for bringing it down and losing out on massive gains for everyone. but it’s not over we may want two lifetimes supply of trendies but shorts are greedy greedy greedy people this is being shorted into the ground.

[Day]

ladder attack? what are you a midget

[Krandor]

It's also troubling how staggeringly misinformed WSB is about basic shit.

It has gotten exponentially dumber within the last week. I have never seen a subreddit so quickly devolve into absolute trash so fast

[zoobernut]

Zet teach us your ways! I want to learn. I want to stomp on the little people instead of getting stomped.

Edit: thanks for all the info so far. This thread is a fascinating read.

[Zetanio]

[Zetanio]

Zet teach us your ways! I want to learn. I want to stomp on the little people instead of getting stomped.

Invest in yourself.

Also an IRA/401K. Max out contributions and pick a mildly aggressive ETF/fund with low fees. Autodeposit every month and forget about it for a few years. If you have extra money buy a house.

[Day]

if you scroll down far enough you can find some zets posting in there

[zoobernut]

Invest in yourself.

Also an IRA/401K. Max out contributions and pick a mildly aggressive ETF/fund with low fees. Autodeposit every month and forget about it for a few years. If you have extra money buy a house.

Thanks! I am there. In fact I just checked on my 401k yesterday and it is doing really well so far in the YTD. It dipped a little during all this retardedness but overall doing well. I do need to up my contributions as I am behind the curve in raw amount for my age. My wife has an IRA that we contribute to every year but don't max out on. Maxing out on our contributions is tough right now because we have three kids. I will have some extra money to dump into the accounts though this year as the pandemic helped our savings grow. Staying home and not spending any money and all that.

What about play money? If I have some extra money I don't mind losing but want to have fun in the stock market and maybe earn some extra if I am lucky. What is the best way to do that without memeing it up?

[Dantrag]

For your loss porn:

[Day]

ouch brother

[Julian]

Thanks! I am there. In fact I just checked on my 401k yesterday and it is doing really well so far in the YTD. It dipped a little during all this retardedness but overall doing well. I do need to up my contributions as I am behind the curve in raw amount for my age. My wife has an IRA that we contribute to every year but don't max out on. Maxing out on our contributions is tough right now because we have three kids. I will have some extra money to dump into the accounts though this year as the pandemic helped our savings grow. Staying home and not spending any money and all that.

What about play money? If I have some extra money I don't mind losing but want to have fun in the stock market and maybe earn some extra if I am lucky. What is the best way to do that without memeing it up?

You should really just max out all your tax advantaged accounts.

Trying to play stocks will likely lead to losses, and if you do make gains, the government will eat a good chunk of those in taxes.

What happened here is not the norm. And even with this, putting in a small amount of "play money" wouldn't instantly make you rich, either.

Max 401k to company match
Max HSA if on a HDHP
Max Roth IRA if under income limit (or backdoor if you are over)
Split up extra 401k contributions and mega backdoor if your plan allows for it

After capping all the above, that is when you should open a taxable brokerage account, and probably stick to index funds/whatever portfolio matches your risk profile.

[Zetanio]

Thanks! I am there. In fact I just checked on my 401k yesterday and it is doing really well so far in the YTD. It dipped a little during all this retardedness but overall doing well. I do need to up my contributions as I am behind the curve in raw amount for my age. My wife has an IRA that we contribute to every year but don't max out on. Maxing out on our contributions is tough right now because we have three kids. I will have some extra money to dump into the accounts though this year as the pandemic helped our savings grow. Staying home and not spending any money and all that.

What about play money? If I have some extra money I don't mind losing but want to have fun in the stock market and maybe earn some extra if I am lucky. What is the best way to do that without memeing it up?

You don't have extra money if you're not maxing out. Max out and don't day trade like a moron.

[Ksandra]

Lost about $100 in AMC so far. Going to probably just keep it in hopes they get a burst when movies theaters come back and see what is up then. This was a company I actually felt I could keep my money in long term as I wanted them to survive. Hopefully with the money they got from this madness they can come up with a good plan to keep their company going long-term.