Day trader army loses all the money it made in meme-stock era

Re:Day trader army loses all the money it made in meme-stock... by unholiness on Monday May 09, 2022 @07:34PM (#31321311)

I'm subscribed to /r/wallstreetbets for the comedy, and the peak activity was definitely when people were throwing in money at the $250-$300 level trying to will it to $420.

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Re:Day trader army loses all the money it made in meme-stock... by Handytinge on Monday May 09, 2022 @08:40PM (#31321883)

I bought at $390 I'm fairly sure. I don't regret a thing.

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Re:Day trader army loses all the money it made in meme-stock... by JumpCrisscross on Tuesday May 10, 2022 @01:46AM (#31323867)

> bought at $390 I'm fairly sure. I don't regret a thing.

Which is the point. Gambling isn’t bad per se. People enjoy it. But the system should reallocate from those buying AMC at 390 to those who aren’t.(Full disclosure: I got talked into buying some Wish. So you’re in company, albeit a regrettable one.

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