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A comment on 'Coup Attempt' of Reddit's Wallstreetbets Forum Is Averted. Parent comment

Re:'Coup Attempt' of Reddit's Wallstreetbets Forum Is Averted by gabereiser on Friday February 05, 2021 @12:23PM (#26038699)
I was going to say the same thing. Long holds work exactly like this... Don't look at it for a long time to restrict your temptation to day trade and potentially make a wrong move at the wrong time.

Every successful investor I know does this. They put in it, don't look at it for months, if not years, and do a eval-reshuffle of their portfolio every 5-10 years.

The more media /r/wallstreetbets gets, the more I'm convinced it's going to implode from within due to money and power.

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Re:'Coup Attempt' of Reddit's Wallstreetbets Forum Is Averted by throwaway316943 on Friday February 05, 2021 @01:27PM (#26039556)
Well that’s one strategy, nothing wrong with it but there are a lot of other ways to generate money from the stock market.
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Re:'Coup Attempt' of Reddit's Wallstreetbets Forum Is Averted by emteycz on Friday February 05, 2021 @12:41PM (#26038949)
Its very different. Speculating on a market vs taking over a sub after being inactive for years to get into the spotlight when it's in the news is not comparable at all.
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Re:'Coup Attempt' of Reddit's Wallstreetbets Forum Is Averted by leetcrew on Friday February 05, 2021 @01:09PM (#26039337)
agreed, I think in this case reddit made the correct (or "least bad") decision. I just find it amusing that users of a subreddit dedicated to getting rich quick by making wild bets would complain about a mod cashing in on their position. it's sort of like a graffiti artist complaining about someone defacing their work.
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Re:'Coup Attempt' of Reddit's Wallstreetbets Forum Is Averted by jayrot on Friday February 05, 2021 @01:25PM (#26039531)
> it's sort of like a graffiti artist complaining about someone defacing their work.

"bomb condos not murals"

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Re:'Coup Attempt' of Reddit's Wallstreetbets Forum Is Averted by lupire on Friday February 05, 2021 @02:28PM (#26040212)
WSB (read the name) is for gambling, not exploiting or defacing anything, so there's no reason members would condone trashing their home for money.
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