I am an experienced and seasoned trader, who has proudly turned a small $5,000 investment in January of 2019 into a fortune worth over $5,102. Most of my profits came from following the excellent DD on this sub, realizing I had lost nearly all of my money, and then getting really lucky playing biotech stocks right around COVID. At the height of my investing career I had turned that $5,000 into around $10,000 plus or minus $5,000.
Yesterday a realization dawned on me. I looked back at my comment history on a since deleted account and found that I had credulously bought into hundreds of plays based on TA and hype from ostensibly honest posters – people who positioned themselves as men of the people who wanted us all to succeed. I had to ask myself *if all of these people wanted me to succeed, why did I keep _losing money_ every time I followed their advice?*
The realization was this: I, boy genius, had been had by a pack of charlatans. These posters were not in fact benign and kind hearted genius day traders with brilliant plays based on scientific and technical analysis. Their DD may have been long and full of many colorful charts with arrows and candles and awesome phrases; but their hearts were empty and their premises were naught but lies!
Rather than trying to make *me* rich, they were fattening me – and people like me – up for the proverbial slaughter. Like so many suckered before me, I had nodded my head, opened my wallet, and bought whatever they told me: PLTR, AMC, NIO, GLD, SLV, AAL, the list goes on.
Sure *maybe* my account would become turgid for a few glittering moments but it never climaxed into a blizzard of cocaine and Benjamins as the posters promised. Usually I was left watching my options bleed on the daily as the initial frenzy of interest by retail mongoloids diminished and the dumb money flooded into the next frenzied promise.. time and time again.. time and time again.
So now that I have wizened myself to this treacherous game, I want to know. How do you identify the GOOD tips from the BAD tips. How do we know when a poster on here has the goods?
Edit: does the wholesome award mean you think I’m dumb?
Edit 2: I guess, obligatory this has blown up. I am forever thankful to live in an age where a post that took five minutes to write can touch so many lives. To everyone who appreciated my writing style, thank you! I have been honing my writing with a strict regime of alcohol infusions directly into my brain cells, having explosive writing sessions on the toilet between 3 and 7 am, and of course many, many shit posts here and on yahoo answers.
Most of you have heard my earnest and sincere call to stop the shills and been supportive and kind. For a subreddit where we proudly call ourselves disabled, coke addicted, lower order primates; this is truly high praise. I would be remiss if I failed to mention that I really believe WSB is one of the last bastions of what I consider the spirit of the internet. A place where pale nerds can role-play being whatever they want.. maybe you’re a successful trader or a busty Japanese sailor.. it doesn’t really matter and we will support you either way.
To the many people I earnestly offended with this post and to those who had their ability to recognize _any_ satire surgically removed so you could memorize more shitty tickers to shill; bite it. Nibble it a little but then just chomp down on it. At this point it is mostly calloused raw hide anyway. If your jaw gets tired from chewing on this dick call your mother and ask her why her own jaw is wired shut. I’ll give you a hint, it’s not because she fell off a chair when she realized her son was a rage addicted internet badass. I’m not sure exactly what happened but I really hope she gets better soon. If I can do anything let me know.
My only hope is that we can keep this fantastic community together – not as apes but as unaffiliated degenerates who lose more than they can afford and occasionally win more than they deserve.
Now as for me, I’m going to be spending the rest of the afternoon finally learning how to trade options, which thanks to dozens of posts I now realize I totally suck ass at trading.
God bless you and may you all get exactly what you deserve.