Ravens_Shadow
THE TRUTH IS OUT THERE
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
Read Fastlane!
Read Unscripted!
Bought 40 shares of AMC for the lulz. Lets see if i lose the money or not. I'm one of those damn robinhood traders i guess.I think there is a misconception on WSB a bit.
The Reddit community as a whole mostly consists of millennials.
In particular, WSB are much, much smarter than they put on. It's like a bunch of us at a Summit totally cracking jokes and talking shit all while talking about a serious subject lol.
The "bunch of kids in a basement spending stimmy money" actually works in their favor, and was the same thing that totally destroyed Tesla shorters. Under-estimation is quite the edge in a fight. If you don't think some of the PPP or EIDL money hasn't funneled or is inside Tesla stock (or in other stock contributing to the overall equity market exploding), then you may want an awakening, and I don't think kids in a basement are doing that.
Honestly; I think the "kids in their moms basement" narrative was dropped by the big guys awhile back when they realized it wasn't.
What I like about WSB is that their BS filter is on another level, and things will get called out for what it is and ain't very fast.
With all that said....
THIS IS A.... MOVEMENT. NEVER go against a movement lol, as its one of the most powerful things in the world. I think probably most of us here would like to give a huge middle finger to the big guys.
Although it is and will be a pump and dump when its all said and done; the mechanisms of it is extremely unique and never seen before.
Most think; these WSB guys will fall flat on their face.. will they though? I mean, to be honest; most of these guys got in around $30-50. Yes, you see lots of comments about $100-150, but even then; when this things goes to $1k.. Do you think the guys with $150 entries are the ones falling on their face?
Or will it be the media-induced greedy non-WSBer coming around trying to get in on the action buying in at $500+?
The scary part on all of this and "The Movement"? Its exposed something that can be replicated toward other highly short floated stocks. (*achem* AMC. disclaimer: I am balls deep in that from an earlier entry).
Mob Mentality: During a riot; once they see that they can burn down a building and it went successfully; they go to find another building.
Use smart stops, move them up as things move up, learn to get out when you hear average Joes actually buying the hype (and not just talking about it) because their stupider neighbors are richer cause of it, and learn to pull profits on the way up and can say "ah shit, should of held... oh well" as you turn around to smash a Pro V1x down a fairway from your new Taylormade driver.
Then you'll do fine in any bubble. The most gains are in the last stretch anyways.. and we are at the Belief stage where the doubters actually give in and "believe" and put their money in. Then Thrill, then Euphoria. Then GTFO lol.
Rinse, repeat.
$1k. then AMC.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today