So who all here made a fortune on these meme stocks like BB GME TSLA PLTR BBBY etc? Is YOLO-ing the most shorted stocks a good consistent strategy?

likefunny
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You don’t hear about the YOLOers who were unsuccessful because they’ve lost their shirts

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This dude on reddit says he made like $11M on gme with a 15x return.

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Dfv. The one true god.

likefunny

GME up again today. Watching from the sidelines as YOLOers triple or quadruple their money. Everyone chirping about how this was an insane move is a moron.

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Not a fortune, but a decent ROI on PLTR

Same as D1, only a healthy return on PLTR because I believe in it. No money in the rest.

And to answer your question, any strategy that involves YOLO as an investment thesis is probably not a good consistent strategy.

Look at GME TR BB BBBY PLTR FUBO FIZZ SPCE LGND CCIV CLOV today. Apparently folks who made money in these names are shaming the so called careful investors. YOLO seems to be hitting double digit returns on almost a daily basis?

(1) a broken clock is right twice a day

(2) how many of those people doing the shaming do you think are going to know when to exit?

(3) how many people do you think are making massive losses off hyper aggressive moves but just shutting up about it due to embarrassment? There's a bias in what's talked about online

(4) what's the long term investment strategy? Have a bot that buys the top upvoted WSB stock of the day? Just because there's a crazy few days doesn't mean it'll scale, either it's just luck or groups with serious resources will take advantage of the arbitrage opportunities presented until there is no arbitrage opportunity, e.g. using technologies that will execute the moves before regular people can

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I bought PLTR at IPO because I believe in the company long term and understand that industry. Only put in 2k so it’s nothing to write home about. Just going to hold long term and see what happens. Otherwise just DCAing VTSAX as always.

Lol

Thank you in advance for tilting all your capital. The machine appreciates your sacrifice.

High risk, high reward next up is NOK🚀🚀🚀🚀

It’s not a strategy, it’s gambling :)

He’s up to $22 million now

I played with a little over $5k yesterday into gme options for shits and giggles. It's around $25k now. Kicking myself for not making it 10k or 20k when I was having thoughts during the dip...

GME was up almost 100% today. Feel like I want to cry into a pillow. Folks made out with retirement money in a few days. While idiots talk about buying and holding index funds. Sigh.

Next, more money will be made in other meme stocks. While folks sit on the sidelines and complain.

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