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(29-01-2021, 07:37 PM)Wildreamz Wrote: For those confused about the technical aspect (Short Squeeze, Gamma Squeeze, Social Media coordination, residual value of GameStop, history of events): https://twitter.com/endtwist/status/1354...51393?s=20
For those confused about the sociopolitical aspect:Â https://taibbi.substack.com/p/suck-it-wall-street
More than 5 years have passed since the Gamestop retail mania first surfaced. The winners/losers are largely done and dusted but the repercussions have continued to this day. The retail revolution has evolved from "HODL" and "short squeezes" back in 2021 to the present time's "buy the dip" and "leveraged single stock ETFs".
An epic David-and-Goliath stock battle is under way
MEME mania swept through Wall Street in 2021. Retail investors gathered on social media and coordinated trading strategies to short squeeze high-profile hedge funds.
Everyday traders, on the other hand, are not worried about a handful of stocks dominating their holdings. Many chase them, purchasing single-stock leveraged exchange-traded funds to amplify their returns.
Their day-trading, dip-buying reflex at the onset of the Iran war gave them the upper hand, and active stock selection in the AI pick-and-shovel universe has further amplified their wins.
https://www.businesstimes.com.sg/opinion...-under-way
P.S. Anecdotally, I know a few ex colleagues who are now trading full time and their daily expenses are supplemented by option selling.
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.
