[Copypasta] Man i love bull markets

Man i love bull markets. Tried to type in the ticker for MAXN yesterday to buy some but MAGN came up instead. Didn't know wtf it was but I was too lazy to redo my search so I bought that instead and it started mooning.
December 2020

WallStreetBets

https://www.reddit.com/r/wallstreetbets/comments/k03375/daily_discussion_thread_for_november_24_2020/gdfuat3/
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Daily WSB trader routine

1. Wake up 2. Check memfolio, buy more PLTR calls 3. Shit while looking at charts, don’t wipe 4. Fomo and buy the top 5. Watch stock Plummet 6. Sell, watch stock go up 7. Go to WSB and downvote everything 8. Jerk off, nut, realize how empty you are 9. Stare at futures for 3 hours 10. Sleep & repeat
December 2020

WallStreetBets

Bear King Burry vs TSLA

Bear King Michael Burry in the ring, slappin TSLA with a metal chair. His glass eye open wide with rage as he batters TSLA relentlessly. "The valuation..." crunch "makes...." crunch "NO.... " crunch "SENSE!" he roars with maniacal autistic glee. TSLA struggles for the edge of the ring, but coughs blood as each hit lands, and eventually stops moving. Bear King Burry drops the chair. Bear King Burry turns to the crowd "Was this your champion!? Was TSLA supposed to be your chosen one!?" A child in the crowd turns his face into his mother's side and cries. On the side of the ring WSB can barely move. TSLA was supposed to tag them in, but couldn't make it to the side in time. "Get up TSLA" WSB whimpers hopelessly, a single tear rolling down their cheek. "Get up..." Bear King Burry turns to WSB "Now it is your portfolio's turn. Get in here you little bitch." "Excuse me." Someone replies from behind BKB. "I believe I can give you the fight you want." A robed figure is administering smelling salts to TSLA. The figure puts TSLA on its shoulder and carries TSLA gently out of the ring. "And just who the fuck do you think you are?" BKB rumbles ominously. BKB's fingers squeeze so tightly on the chair that metal bends. "Who am I?" the robed figure inquires. The robed figure stands straight and stretches to their full height. They must be at least 7' tall. The crowd stops crying and watches in stunned silence. "Who am I?" The figure repeats menacingly. The figure turns around to face BKB, ripping off his robe. A gleaming light fills the stadium. Before us stands a Golden deity, rippling with muscle. If there is an ounce of body fat it is currently in hiding, only to make way for seemingly endless coiled golden musculature. The figure looks directly into Bear King Burry's eyes. "I'm Goldman Sachs, and i'm here to kill you."
December 2020

WallStreetBets

WSB Buy $COCK

Buy $COCK. I heard WSB is buying $COCK and $COCK IS THE NEXT BIG THING. $COCK IS RISING TODAY. Do your own DD on $COCK and let me know how much you like $COCK. 💎✊ your 🚀🚀🚀 $COCK to the 🌑
February 2021

WallStreetBets

I’m a simple guy

I’m a simple guy. I don’t know about all these fancy “financial instruments” or “market dynamics” or “where the clit is.” I like the stock, I buy the stock.
January 2021

WallStreetBets

I am going to short the whole country of South Africa

I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph. Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years. That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American. Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock. I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems. My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
February 2021

WallStreetBets

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