Nerd emoji: bUt YOur pOsT iS iN ReDDiT thEN i Don'T lIsTEn t0 Y00 m 1 R1gHt!!!???
This subreddit, and all subreddits pertaining to stocks has created some kind of toxic environment and behavior where people who have never made money or profited for some reason feel the need to act like they are some expert, make predictions, and make fun of people who have created their own thesis and ideas on why they own a stock. And time and time again the Dunning Kruger effect is proven if you look back at posts in a timeframe of at least a year and beyond.
Prime example: Intel grandma. Guy who inherited 700k from grandma decides to put it all in to Intel. His thesis being that due to the market emphasis around tech and AI, tensions between China and Taiwan that makes semi-conductors, the USA emphasis on trying to focus on making their own semi-conductor production, and Intel focusing on building plants and restructuring their company will pay off. Do I think he's right, or would I ever put all my money in one stock? No, but that was his thesis.
Come a 30% drop and everyone in wallstreebets and this subreddit are making fun of him. Every redditor thinks "Nana!" jokes are original funny any time Intel is brought up for discussion. There is no discussion that be had on Intel because it's the same, repetitive jokes over and over again.
That guy if he had not listened to reddit would be in retirement today with over 2.5 million $$$.
2nd example: when Trump was doing his tariff run and the market plummeted everyone suddenly became an econ expert. The US economy is going to the toilet, the hurt just started, something something ports are going to shut down. Any time people offered the tried and tested method of buying stocks when there is fear in the markets was made fun of. I had people message me for simply stating that it's a good time to load up on your favorite stocks "It must be difficult to cope when you're losing so much money."
People who did not buy during Trump's little crash lost out on a 50% return today if we want to just use the NASDAQ as an example. Use any other metric you want: you lost out on a return if you didn't buy.
Want more examples? 21 tech crash and you were a laughing stock here if you wanted to buy stocks like META. COVID? You made fun of as an idiot if you wanted to buy stocks. China trade war? Same thing.
Listening to reddit is the best way to never make money. If you've done your due diligence in learning the simple rules of the stock market that a youtube video can teach you, along with having an actual thesis on to why you want to buy a certain stock after researching it, stick to your conviction. Reddit on stocks has been more wrong than right every time.
Intel stock grandma and tariffs are a prime examples of why you never listen to reddit.
byu/ryanxwonbinx instocks
Posted by ryanxwonbinx
9 Comments
That’s the reason I am full port DUOL
It is all fugazi
Do you not understand what wallstreetbet is?
You taking things too seriously
Almost forgot about the intel grandma guy.
> That guy if he had not listened to reddit would be in retirement today with over 2.5 million $$$.
Very curious, do we really know if he listened to reddit and sell ?
You make a valid point but that’s just reddit in a nutshell. It’s full of doomers and bots. You need to sift through a mountain of shit to find a pebble of quality information.
Mm and this emotional rant from some guy really showed me. What an excellent use of your time
Welcome to the comment section. In the early internet days it was a common saying “Don’t read the comments” because it was understood that the comments are made by bored and hateful malcontents eager to spread negativity. Reddit is an entire website of only comments sections lol
But let me put on my bored and hateful malcontent hat for a second because your claims in this post are cherry picked with the benefit of hindsight. Lots of people have posted lots of strategies that didn’t pay off and also got ridiculed and memed at. There’s no correlation, it’s not like reddit is always wrong. It’s just always snarky
the intel grandma guy and the tariff dip buyers literally proved everything you just said, and yet here we are with the same people still fading every bounce