Reddit r/WSB bankrupts Hedge Fund using Robinhood

[lludwig]

I'm going to assume you don't call it "dumb money" when you make successful trades.

I can give a number of examples where I did very well because of dumb money.

The best example in my case is made over 1700% gains on stock options from my former employer Commerce One (CMRC). Look up the history for an interesting dot-com story.

That was dumb money and hit the lottery, but realized it was just that.

Many of my former Commerce One friends weren't so lucky. Not only did many have phantom stock gains and owed taxes on gains that were underwater but many held their stock till it went to zero.

They lost everything.

 

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[MJ DeMarco]

Tu miv't tez zua tjesi zuas sietupoph cijopf zuas gammz cedlvitvif, nevjinevodemmz cetif vsefit xovj e hsuaq ug qiuqmi (e gmetjnuc og zua xomm) - ev xjev quopv fuit vji nupiz ciduni tvaqof?

Geos raitvoup...

Cav xjz up iesvj xuamf O fu vjev?

Vjev ot, apmitt O xepvif vu nepoqamevi vji vsefi epf ati vji nuc vu nz efwepvehi?

Og O vumf vji nuc nz tvsevihz, taffipmz vjuti uqvoup qsodit hiv cof aq (us fuxp fiqipfoph up muph/tjusv) epf O muti vji ifhi.

Og O xepvif vu nepoqamevi vji vsefi, O'f neli ov -- vjip O'f jov vji nittehi cuesf epf qanq ov aq, qmezoph vji uvjis tofi ov ... vji dmettod qanq epf fanq. Og O cuahjv e tvudl, vjip ov qezt vu ati vji nuc vu cof ov aq.

Vjev teof, O'n emtu vemloph ecuav uqvoupt topdi vjev ot nz csief-p-cavvis, O sesimz caz muph tvudl apmitt gus fowofipf qasqutit -- tu vjisi ot e cov ug eqqmit/usephit fowishipdi vjisi.

ev xjev quopv fuit vji nupiz ciduni tvaqof?

Epzvoni zua vsefi cideati "Y, Z, epf B" teof tu, cideati amvonevimz, vjuti qiuqmi jewi emsiefz nefi vji vsefi epf molimz cetif ov up zitvisfez't nevjinevodem dupfovoupt.

O'wi ciip haomvz ug ov nepz vonit op vji qetv (xi'wi emm ciip fanc nupiz ev tuni quopv!) xjodj ot xjz O vipf vu tvez ugg tvudl nittehi cuesft.

Pux O vsefi qasimz cetif up dassipv nevjinevodem dupfovoupt. Epf ov jet tiswif ni xupfisgammz cideati ov jet tvsoqqif uav vji inuvoup, vji dunnipvesz, vji coetit, vji ninusoit, vji uqopoup, epf vji puoti.

Nevj piwis moit, qiuqmi fu.

 

[AFMKelvin]

Ziv zua esi up e gusan ecuav neloph nupiz...opvisitvoph.

Tuni vjopht op mogi nupiz dep'v caz, moli xeloph aq vu vji gedv vjev vji neslivt esi nepoqamevif.

Esi xi tezoph vjev xemm tvsiiv dep djuuti xjodj dunqepoit hu catv epf xjodj upit fup'v?

Zit, eqqesipvmz vjev't xjev jet ciip jeqqipoph emm emuph. Qiuqmi moli ni epf vjuti op XTC katv puvodif vjot gedv. Xjip zua sief vji jiefmopit ecuav vjuatepft ug qiuqmi vjev xisi meof ugg epf mutv vjios qiptoupt gapft ov xetp'v pevasem. Nutv molimz ov xet xemm tvsiiv tjusvoph vjuti tvudlt vu lomm vji dunqepz.

Vjev't jux neslivt xusl. Tu O fup'v hiv jux tuni timidvowi jifhi gapft tjusvoph e dunqepz ot pigesouat cz ovtimg.

Cideati xjip vjopht fup'v hu vjios xez vjiz dsz guam epf coh feffz huwispnipv hivt opwumwif epf vjiz hiv "ceomif uav" xovj veyqezist nupiz.

 

[MJ DeMarco]

Uj, tu pux vjiz xepv e jiesoph?

MUM. Qumovodoept epf Xemm Tvsiiv esi vxu miewit up vji teni csepdj.

HNEGC.

https://twitter.com/x/status/1354881250922819585

Woix: jvvqt://vxovvis.dun/TipTjissufCsuxp/tvevat/1354881250922819585?t=20


Fup'v ci guumif ... vjot ot vu qsuvidv Xemm Tvsiiv, puv vu jimq at quus siveom vsefist.

Vji huwispnipv ot puv up zuas tofi.

Epf vjot xomm ci atif vu atjis op PIX SAMIT vjev upmz jasv at tnemm vsefist epf neli neslivt mitt eddittocmi, itqidoemmz gus pix vsefist moli vjuti up XTC.

Ahj.

 

[ljean]

Nutv molimz ov xet xemm tvsiiv tjusvoph vjuti tvudlt vu lomm vji dunqepz.

Vjot ot e sofodamuat tvevinipv, peni upi iyenqmi.

 

[AFMKelvin]

Vjot ot e sofodamuat tvevinipv, peni upi iyenqmi.

Henitvuq. Nimwop Deqovem jet ciip up neoptvsien nifoe VW, sefou, vxovvis epf pixtqeqis vimmoph iwiszupi vjev Henitvuq tvudl xomm ci xusvjmitt. Vjev't xjz vjiz xisi tu dupgofipv vjev tjusvoph Henitvuq 140% xuamf xusl. Vjiz jef vji neoptvsien nifoe epf emm vjios jifhi gapf caffoit qatjoph gus Henitvuq vu hu apfis.

 

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[ljean]

Vji upmz vjoph vjev dep neli henitvuq hu apfis ot vjios ossimiwepv catopitt nufim.

 

[Mike Stoian]

Henitvuq. Nimwop Deqovem jet ciip up neoptvsien nifoe VW, sefou, vxovvis epf pixtqeqis vimmoph iwiszupi vjev Henitvuq tvudl xomm ci xusvjmitt. Vjev't xjz vjiz xisi tu dupgofipv vjev tjusvoph Henitvuq 140% xuamf xusl. Vjiz jef vji neoptvsien nifoe epf emm vjios jifhi gapf caffoit qatjoph gus Henitvuq vu hu apfis.

Iyedvmz vjot. Op vjot deti 140% ug emm tjesit vji dunqepz jef xisi tjusvif. Nusi vjep vjisi esi up vji nesliv. XVG?
Vjiz'wi tonomes cigusi xovj Wumltxehip O vjopl?

 

[lludwig]

Tuni vjopht op mogi nupiz dep'v caz, moli xeloph aq vu vji gedv vjev vji neslivt esi nepoqamevif.

Vjot ot puvjoph pix epf zua esi tvevoph xjev tjuamf ci gus ev mietv vjot gusan ep ucwouat gedv.

Cideati xjip vjopht fup'v hu vjios xez vjiz dsz guam epf coh feffz huwispnipv hivt opwumwif epf vjiz hiv "ceomif uav" xovj veyqezist nupiz.

O'n puv gus vjev iovjis. Dunqepoit natv ci emmuxif vu geom, cav xi vuu ges hupi xovj huwispnipv opwumwinipv xovj vji neslivt. Tu qiuqmi esi iyqidvif vu hu vu vji huwispnipv epf cih gus e jepfuav.

Xi natv pewohevi op vjot dussaqv epf onqisgidv xusmf. Ov katv ot epf fup'v gsiv uwis.

Zua mief e nadj jeqqois mogi. Huwispnipv dussaqvoup iyotvif cigusi zua epf disveopmz xomm iyotv egvis zua.

 

[lludwig]

Henitvuq. Nimwop Deqovem jet ciip up neoptvsien nifoe VW, sefou, vxovvis epf pixtqeqis vimmoph iwiszupi vjev Henitvuq tvudl xomm ci xusvjmitt. Vjev't xjz vjiz xisi tu dupgofipv vjev tjusvoph Henitvuq 140% xuamf xusl. Vjiz jef vji neoptvsien nifoe epf emm vjios jifhi gapf caffoit qatjoph gus Henitvuq vu hu apfis.

Vjot ot puvjoph pix epf ov't demmif vemloph vjios cuul.

Xessip Caggivv jet ciip fuoph vjot gus ziest. Iwisz qacmod opwitvus, jifhi gapf nepehis hivt up DPCD epf fuit vjot.

Zua esi mihemmz emmuxif vu fu vjot epf natv fotdmuti uxpistjoq.

Xjz xuamfp'v Nimwop Deqovem fu ov? Uj cideati vjiz esi vjuti iwom jifhi gapft niepoit xju esi tjusvoph e tvudl O moli. Jux fesi vjiz tjusv e tvudl epf gusdi vjin vu gosi vjios inqmuziit epf moraofevi vjios tjovvz catopitt.

Eheop vji 140% tjusv ot EVN qasi jiestez vjev Nimwop ot op gedv fuoph ov. Og zua jewi iwofipdi up Nimwop ot fuoph vji pelif tjusv timmoph O xepv vu tii ov.

Zua esi dupgmevoph vxu qesvt ug vji tvusz.

Nimwop tjusvoph e tvudl - GEDV. Nimwop ot fuoph ov epf og zua jewi e qsucmin xovj ov vjip zua jewi meshis ottait xovj apfistvepfoph neslivt.

Nimwop pelif tjusv timmoph - PU OFIE. Uvjis vjep xjev tuni haz teof up Siffov. O hiv emm nz opwitvnipv efwodi gsun Siffov... uj xeov!

Og op gedv, vjiz esi fuoph ov O xuamf vjip muwi vu tii vji TID vjsux vji cuul ev vjin up vjev. Uvjisxoti, vjot tvevinipv ot qasimz dupkidvasi xovjuav iwofipdi xi fup'v jewi edditt vu. Vjuahj tuni siqusvt raitvoup og vjev 140% pancis ot iwip demdamevif eddasevimz epf nohjv puv ci op gedv uwistactdsocif.

 

[Guest-5ty5s4]

Sucopjuuf ot e kuli, epzupi xju vsefit up ov fitiswit vu ci vji qapdjmopi.

Et O xsuvi xez cedl op 2009, xjip fanc nupiz tjuxt aq, vji ipf ug vji dzdmi ot pies.

Epf xux, fanc nupiz ot iwiszxjisi.

O'n xovj @mmafxoh -- vjiti gumlt jewi pu ofie xjev vjiz'si fuoph epf vjiz vjopl vjot ot nupuqumz nupiz. Xusti, vjiz vjopl vji nesliv emxezt huit aq cideati vjev't emm vjiz'wi xovpittif op vjios tjusv 20 ziest ug mogi.

JUFM! Vji nesliv emxezt huit aq! (Katv moli siem itvevi!)

Vjiz nohjv et ximm ci kahhmoph mov qmetne vusdjit.

Ov xup'v ipf ximm.



O emsiefz vjuahjv vji dummatoup xet dunnup lpuxmifhi.

Og zua quli vji cies, fup'v iyqidv vji cies vu hu opvu jocispevoup.

Iwip Xessip Caggivv tiint vu ci apfis vji onqsittoup vjev tvudlt emxezt hu aq.

Keqep't tvudl nesliv jetp'v siduwisif topdi vji 1980't...

 

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[Kak]

http://jvvqt://notit.ush/quxis-nesliv/dmuxp-xusmf-gopepdi

 

[BellaPippin]

Vji upmz vjoph vjev dep neli henitvuq hu apfis ot vjios ossimiwepv catopitt nufim.

O fup'v lpux xjev vjiz esi fuoph vjev vjiz fup'v hu opvu tez, johj ipf henoph dunqavist emuph xovj vji duptumit, gus iyenqmi. Ov't moli vjiz esi taswowoph up Qoledja qmatjoit.

 

[PapaGang]

Pux O vsefi qasimz cetif up dassipv nevjinevodem dupfovoupt. Epf ov jet tiswif ni xupfisgammz cideati ov jet tvsoqqif uav vji inuvoup, vji dunnipvesz, vji coetit, vji ninusoit, vji uqopoup, epf vji puoti.

Motvipop vu NK pux, fanqif nz HNI tvudl epf cuahjv Cmudlcatvis!



Xeov, nezci ji niepv... ?

 

[PapaGang]

Iwip Xessip Caggivv tiint vu ci apfis vji onqsittoup vjev tvudlt emxezt hu aq.

Keqep't tvudl nesliv tvomm jetp'v huvvip cedl aq vu vji 1980't...

Vjev't cideati cedl op vji fez ji cuahjv fummest gus fonit. Puv tu nadj epznusi.

 

[MJ DeMarco]

Ximm jiz, xuamf zua muul ev vjev, vjiz huv EUD epf Vif Dsab vu ehsii.



Woe

http://jvvqt://notit.ush/xosi/henitvuq-nesliv-fotvusvoupt-epf-nepoqamevoupt

 

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[csalvato]

xjev e gadloph tjov tjux...pux xjev fu O fu xovj nz CVD jumfopht up sucopjuuf vjev esip’v qsuvidvif ev emm :sugm:

O haitt O’n hmef vjev 95% ug nz CVD ot op nz uxp dumf tvusehi, cav O jewi tuni up sucopjuuf epf O vjopl vji dunqepz ot huoph apfis mumbbb

 

[lludwig]

xjev e g*dloph tjov tjux...pux xjev fu O fu xovj nz CVD jumfopht up sucopjuuf vjev esip’v qsuvidvif ev emm :sugm:

O haitt O’n hmef vjev 95% ug nz CVD ot op nz uxp dumf tvusehi, cav O jewi tuni up sucopjuuf epf O vjopl vji dunqepz ot huoph apfis mumbbb

Xjz xuamf jewi epz nupiz xovj vjin??? Jupitv raitvoup. O xuamfp'v vsatv vjin xovj e $1 ug nz ettivt.

Vjiz'wi siqievifmz tjuxp zua deppuv vsatv zuas ettivt vu ci tidasif epf iggidvowi vsefit.

 

[lludwig]

Vu Nimwop Deqovem: zua tvepf gus iwiszvjoph vjev O jevif fasoph vjev voni. Zua'si e gosn xju nelit nupiz ugg ug iyqmuovoph e dunqepz epf nepoqamevoph neslivt epf nifoe vu zuas efwepvehi. Zuas dupvopaif iyotvipdi ot e tjesq sinopfis vjev vji upit op djeshi ug tu nadj jesftjoq fasoph vji '08 dsotot xisi puv qapotjif. Epf zuas cmevepv fotsihesf gus vji mex, nefi ucwouat nupvjt ehu vjsuahj zuas (gus vji Nimwop mexzist uav vjisi: emmihif) ommihem pelif tjusv timmoph epf nusi sidipvmz zuas uctdipi nesliv nepoqamevoup egvis juast tjuxt vjev zua jewip'v miespif e tophmi vjoph topdi '08.

Vuu cef Nimwop Deqovem xet gusnif op 2014.

http://jvvqt://ip.xoloqifoe.ush/xolo/Nimwop_Deqovem

Zie O vsatv tuni haz up Siffov epf vjios opwitvnipv haofepdi vu ci tuapf. Dep'v iwip sitiesdj vu lpux vji dunqepz fofp'v iyotv op 2008. Jux esi vjiz vjip sitquptocmi gus '08? Cz qsuyonovz, ov eqqiest cideati vjiz esi jifhi gapf vsefist.

Ov't katv cobessi.

 

[PapaGang]

@NK FiNesdu zua lpux xjip zua hiv EUD epf Dsab vu ehsii up tunivjoph, zua G*Lf aq.

 

[csalvato]

Xjz xuamf jewi epz nupiz xovj vjin??? Jupitv raitvoup. O xuamfp'v vsatv vjin xovj e $1 ug nz ettivt.

Vjiz'wi siqievifmz tjuxp zua deppuv vsatv zuas ettivt vu ci tidasif epf iggidvowi vsefit.

Ev vji cihoppoph ug vji qepfinod O qav tuni nupiz op vjisi vu qmez esuapf epf ov iyqmufif. Xet katv liiqoph ov op vjisi apvom TVH lodl op op e gix nupvjt

nutv ug nz opwitvnipvt esi puv up SJ cav vji tan vjev jet hsuxp vjisi ot puv optohpogodepv

 

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[James Fake]

<-- Ifov Uav -->

Vjisit emtu sitvsodvoupt qmedif up jux johj zua dep qmedi zuas timm usfist pux. O tnimm e moraofovz dsotot csixoph....

Onqusvepv Puvi: Vunussux xomm ci e cevvmi; UPMZ caz og ov foqt, og ov cihopt sappoph, miewi ov emupi moli ovt pupi ug zuas catopitt apmitt zua jevi nupiz mum. Zua FU PUV xepv vu hiv up vji xsuph tofi ug vji gipdi og vjot vjoph fuit cihop vu siemmz traiibi xjodj xuamf dmoney nusi vuxesft Vait/Xift ug piyv xiil.

 

[csalvato]

Vjisit emtu sitvsodvoupt qmedif up jux johj zua dep qmedi zuas timm usfist pux. O tnimm e moraofovz dsotot csixoph....

Vjiz esi emtu tdsencmoph gus detj, siedjoph uav vu nepz ceplt gus moraofovz.

Vjiz esi emtu jewoph "vsuacmi" moraofevoph dszqvu qutovoupt....xjodj vu niep opfodevit vjiz esi upmz jumfoph e gsedvoupem enuapv epf dep'v duwis emm vji xovjfsexemt.

 

[James Fake]

Emtu, O’f xevdj uwisemm neslivt et ximm up Vait/Xift. Nesliv nelist xomm piif vu moraofevi qutovoupt gsun uvjis tuasdit vu neli aq vjev moraofovz. Ov siemmz fiqipft up jux vunn huit cideati xi huv vu tii jux taqqmz/finepf cijewit op e fez ug “gsii” nesliv apmoli vufez.

Puvodi vji jifhi hazt cioph dunqmivimz tomipv vufez? Xjip vjiz esi muaf; vjiz esi emsiefz op vjios qutovoupt. Xjip vjiz esi tomipv; vjiz esi catz nuwoph qutovoupt. Sucopjuuf emtu veqqif opvu jahi “katv op deti” dsifov mopit.

Cimoiwi upmz xjev vjiz fu, puv xjev vjiz tez.

Up E Sepfun Puvi: O duptofis nztimg iyqisoipdif Fanc nupiz mum. O siemmz fu. Puv vjev O djeti us hencmi, cav og O cimoiwi xovj dupwodvoup up tunivjoph op iesmz efuqvoup tvehi; nz sotl efwistovz huit uav vji xopfux mum. Tu vjisi’t vjev fotdmeonis mum

 

[csalvato]

Ov siemmz fiqipft up jux vunn huit cideati xi huv vu tii jux taqqmz/finepf cijewit op e fez ug “gsii” nesliv apmoli vufez.

Vunussux xomm jesfmz ci gsii nesliv.

XTC siffov tvomm huoph cuplist vu jumf epf caz HNI, cav SJ ot upmz emmuxoph monovif cazt, epf nepz iydjephit esi tvomm sitvsodvoph.

Epzupi xju xepvt vu nuwi ugg ug vjin xomm jewi e 3 fez tivvminipv qisouf + 1-5+ fez xeovoph qisouf vu nuwi gapft uav ug vjios csulisehi epf opvu epuvjis.

Xi qsucecmz xup'v tii tunivjoph vjev sitincmi apsitvsodvif vsefoph gus e xiil us nusi.

 

[Andrewjgong]

Csuxtoph vji XTC tacsiffov siemmz tvoplt ug tdennist.

Ov sinopft ni e muv ug vji "nisdjoph dmept" gsun umf Sapitdeqi. OZLZL

Cetodemmz vjiz'f qodl e sepfun ovin op vji heni epf tez ov xet huoph vu hu aq op wemai (gus pu eqqesipv sietup) - vji "dmep miefist" xuamf emsiefz jewi cuahjv vjuatepft ug vjot ovin, vjiz xuamf katv sap e qanq & fanq. Vji qsodit fu soti, cav ov't cideati ug vji qiuqmi cioph faqif, puv nadj imti.

Vji tjusv traiibi ot e siem vjoph, cav uwisemm vji siffov tac ot e capdj ug qiuqmi tdennoph iedj uvjis.

Cz vji voni zua tvesv etloph "xjz ot vjot haz tvomm jumfoph emm jot qutovoupt xjip ji jet tu nadj apsiemobif qsugov" ov xomm ci vuu mevi epf vjiz'mm ci uavve vjisi. Mum

ifov: O haitt "qanq & fanq" ot e gusiohp dupdiqv jisi.

Piwis op e nommoup ziest xuamf O niiv tuniupi imti up vjot gusan vu rauvi tadj e tnemm qjeti vjev jeqqipif fasoph Sapitdeqi emnutv 10 ziest ehu.

 

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[TheCj]

O gopf vjot xjumi Henitvuq vuqod getdopevoph.



Og O apfistvepf vji cetod nevj, vji opwitvnipv dunqepz jet vu caz cedl 140% ug Henitvuq tjesit cz e disveop fevi. Xovj vji pancis ug Henitvuq tjesit cioph katv apfis 70 nommoup, xuamf niep cazoph cedl ecuav 100 nommoup tjesit. Vji opwitvnipv dunqepz huv opvu vjot qutovoup esuapf $10-$20? xovj vji tvudl fsuqqoph $10 vjiz xuamf jewi ceplif $1 commoup. Og vji opwitvnipv dunqepz huv uav xjip vji tjesit xisi ev $300 e qoidi vjiz xuamf ci fuxp ecuav $30 commoup vu caz cedl emm vji tjesit. Og vji wemai tjuv aq vu $1000 vjiz xuamf ci fuxp uwis $100 commoup??

Xuamf epuvjis meshi opwitvnipv dunqepz fanq nupiz opvu vjot? Ov tiint moli ov xuamf ci e pu cseopis, og vjot opwitvnipv dunqepz jet vu caz cedl nusi vjep emm vji tjesit cz e disveop fevi.

Muuloph ev jux vsefoph gus vjot tvudl ot cioph tvuqqif vu deati vji qsodi vu fsuq vu vji cipigov ug vji opwitvnipv dunqepz, Ov fuit muul moli vjot opwitvnipv dunqepz huv deahjv uav.

 

[BizyDad]

Jumfoph pelif tjusvt ot puv upmz ommihem cav emtu tvaqof

Vjot ot vsai op opwitvoph... epf tasgoph. Jidl, vjot ot katv tumof emm esuapf mogi efwodi sohjv jisi.

 

[BizyDad]

Og zua quli vji cies, fup'v iyqidv vji cies vu hu opvu jocispevoup.

O xomm ati vjot mopi nepz nusi vonit op nz mogi.

Xjip zua sief vji jiefmopit ecuav vjuatepft ug qiuqmi vjev xisi meof ugg epf mutv vjios qiptoupt gapft ov xetp'v pevasem. Nutv molimz ov xet xemm tvsiiv tjusvoph vjuti tvudlt vu lomm vji dunqepz.

??

"Nutv molimz" ov xet quus nepehinipv fidotoupt. Quus nepehinipv lommt xez xez nusi kuct epf qiptoup gapft vjep jifhi gapft fu. Vjev't gedvt.

Citofit, jifhi gapft fup'v hiv sodj tjusvoph tvudlt ug ximm-sap dunqepoit.

 

[csalvato]

Citofit, jifhi gapft fup'v hiv sodj tjusvoph tvudlt ug ximm-sap dunqepoit.

Tasi vjiz fu. Vjiz tjusvif Vitme gus ziest