The TRUTH About WallStreetBets

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This is the truth about WallStreetBets that's behind the rise of Gamestop stock

My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103

My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103

What happened to Gamestop (GME)? What happened to AMC stock? Lots of small cap stocks have risen over a thousand percent this year thanks to a group of people. Wallstreetbets is a subreddit or sub-community of reddit. Thanks to their efforts, they revealed one of the biggest flaws about the stock market which is the perception that we have a "free market".

Usually when a stock goes up in price, it's because of a good quarterly earnings report or things like sales growth. Instead, Gamestop went up because of a technical exploit where people realized that they could drive up the price of a stock by buying up stocks that hedge funds thought would go down (that's called shorting a stock). By buying up all the inventory of Gamestop, it drove the price higher which forced the hedge funds to cover their positions by buying more stock from the people they borrowed the stock to begin with but at a much higher premium. This created an infinite feedback loop of the price skyrocketing higher and higher. Even Elon Musk tweeted "Gamestonk" which also helped grow the Wallstreetbets community to several million people - thus creating a miniature hedge fund of its own. This is where our story begins.

For the first time since I’ve ever been alive, we - the retail investors, are winning on a public level. In order to understand which stocks to buy and why - you have to understand situation and how each side makes money. One one hand, we have institutional investors or hedge funds. These investors are made up of extremely wealthy people that manage money for other people that you will probably not be able to invest with - because you don’t have enough money. Since the beginning of time - hedge funds ruled the stock markets. Until now.

This is where the retail investors come in. We realized this week that our strength in numbers allows to make a counter trade against hedge funds in order to make a profit and beat them at their game. We forced hedge funds to spend more of their money covering their positions which is why you’re seeing people on reddit become millionaires. But the best part is who is paying for people to get rich. Companies like Melvin Capital and Citron which have lost over 5 billion dollars trying to short GameStop. Hedge funds are bleeding money to the point of needing a bailout. But the story gets even deeper.

As a result, we had all the fintech companies like Robinhood and WeBull, including brokerages like TD Ameritrade and Charles Schwab (and the NASDAQ) shut down trading of those stocks which revealed to us how flawed the financial system. This understandably upset a lot of people but the again, the truth is more nuanced. The fintech companies are middleman between the buyers (ourselves) and the market makers. Ironically, it was Citadel that was the market maker for Robinhood. All Robinhood does is route our order flows through to them. The theory is that the entity responsible for shutting down trading could very well have been someone other than the brokerages people are looking at. We don't have all the facts yet.

This week revealed to us the need for DeFi, decentralized finance. Before this point, words like Bitcoin, Blockchain, Decentralization were just marketing words used to hype up cryptocurrencies. Instead, we found out just why we need them. To prevent censorship and to allow a free market to truly exist, we need to build investing platforms that have no central point of failure that cannot be shutdown by greedy corporations.

No one knows which stock will go up and you should be very careful investing your money into these short term trades because people will lose money - especially if this censorship and control continues to exist. What wallstreetbets did this week for the stock market was nothing short of miraculous and we're seeing history unfold in front of us.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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It turns out Elon Musk is the biggest Chad of all 💎🙌💎🙌💎🙌

AndreiJikh
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Lesson learned this week: The market is allowed to be manipulated, but not by everybody.

Real.Estate.Report
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They should make a movie about this week... and call it "The Rise of The Retail Investor"... 10/10 would watch.

Quickonomics
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Wait, wait, wait. Wait. You're saying the hedgefunds murdered Toys R Us?

Now it's personal.

cecilevans
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Rich people: WhY DoNt ThE PoOr JuST InVeSt ThEiR MonEY
Poor people: ok
Rich People: ...
Rich People: Okay stop now

davidzatica
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How did we get to a point where Wall Street is mad at outsider trading?

nielsklement
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I'm a Boomer with kids your age and in my humble opinion, your parents must be very proud of a GOOD KID!!!
You're heart is in what you're doing and it shows! A big THANK YOU to you and your efforts!! Much appreciated!!

gadsdonflag
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They are going to make a movie about this, and it will play in AMC theaters.

RollingThunder
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"It's not about money, it's about sending a message" - The Dark Knight Joker.

Void-Saint
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"Where they make Millionaires out of Billionaires" - Andrei Jikh

martinadamski
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Every family has a person who breaks the chain of poverty. I hope you will be that person!

SelfMadeWealth
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The platforms sold their most precious commodity, trust.

soyouknow
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"Those puny little ants outnumber us a hundred to one and if they ever figure that out, there goes our way of life!" -Hopper

andyc
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My secretary walked into my office and told me that WallStreetbets was on the phone. I asked her to let them know that I was busy and to PLEASE HOLD!

joeltnt
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The Netflix documentary on this is going to be

CactusJack
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I loved that ... millionaires out of billionaires

allenhickman
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YOU DONT LOSE UNLESS YOU SELL EVERYONE. HOLD, BUY, WAIT.

seokjinniesunite
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This week showed what happens when people come together, it is amazing.

SvetlanaPiller
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I can’t wait for a movie to come out about this and I can go watch it at AMC🚀🤣

thehunterburke
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respect this man. 1.12 M subs, never took a sponsorship.

jepoyburner
visit shbcf.ru