That's surprising given the conventional wisdom that you're supposed to inverse WSB. If inverse WSB isn't working then that means something really weird is happening.

Ah yes, but the pros know you always inverse the inverse.

Good old stone trick.

Inverse the gain porn —- Don’t buy TSLA on the day everyone is posting screenshots of their $4M accounts —- Ride the wave of the self-fulfilling DD.

That was terrible advice until, well, yesterday. It's been a straight line rocket ship to the moon. Each and every gain porn post would have been a solid entry until yesterday.

TSLA was an outlier. Something that I read (not on WSB) is that when it becomes too easy to make money on the stock market, that means there's about to be a big correction.

Is that the conventional wisdom of an actual day trader or just a wsb lurker?

Not trying to be snarky, just honestly curious as I have seen very similar comments on wsb.

I've no dog in these fights btw. I don't actively manage my portfolio and have little interest in ever doing so. Though I do enjoy reading about the failures of those who do day trade with millions.

It's nothing more than a joke. You have no way of knowing what the true majority opinion is, nor does that translate to real trades which involve a lot more parties and money.

And being the contrarian isn't profitable except in rare scenarios. The dips this week were a minor pullback. Anyone who kept going short while waiting for this would've been insolvent by now.

a broken clock is always right twice a day

What change happened yesterday? I've seen something about changes made yesterday a couple times now and I'm not really sure what to search for.

Nasdaq dropped 5%, s&p dropped 3.something

Amazing work, I've been doing something similar in my free time and it's a lot of fun.

That's awesome!

Would love to see a comparison to hyped cryptos on /biz/