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Comment by danhak | Hacker News Reader

There’s nothing unintentional about the hilarity. That community is totally self-aware and rife with in-jokes and satire.

The folks that post there see their gambling for what it is.

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I think there's a mix of in-on-the-joke and not.

I've read some sad stories about, for example, a student betting student loan money in the market and losing it instantly, lured to make risky bets from the other stories of dumb luck success.

Here's someone I don't think is in on the joke: https://i.redd.it/at7gloeb5ck41.jpg ... oops

It’s a obnoxious to know nothing about the culture of wallstreetbets and then to make declarations as if you know after reading a few posts.

Posts like that are par for the course. Its called “Loss Porn”. The subreddit is absolutely geared towards stock/options trading as gambling and if you think otherwise then you’re wrong. They are very self-aware and do it for fun. And yes some may lose a lot of money but they know exactly what they are getting themselves involved in.

Marjory if what happens in that sub is humorous. And its pretty clear that there is a lot of satire and it's not the place you go to for in depth analysis 99% of the time.

Loss and gain porn are a normal part of the culture as are the slurs used.

The gains and losses are often real but this is the community you go to the laugh about such things

The person posting it in the subreddit clearly understands the theme of the subreddit. Whoever took the screenshot and shared it somewhere likely doesn't even know what WSB is.

There are people making and losing fortunes every day in the market. These kind of crazy bets aren't new, just more visible.

I remember being in college in 2005 and seeing people going wild with Forex and penny stocks. WSB is just a small subset of traders who like to discuss it on social media.

They didn't actually lose that much money, since they bought options. By my mental math they lost about $9000 (give or take a few hundred). Still bad, but better than losing hundreds of thousands.

Edit: I stand corrected, see below.

How are you calculating this? You wouldn't have a total return of -$722k if you only lost $9k.

They could easily have 1M worth of options that have now decreased in value, which is what it looks like since AMZN went up Friday and today.

Edit: see below. My math was a bit off.

no... it’s 140 option contracts which provides the option for 14000 shares. they were bought for $66 x 100 x 140 = $924,000 and are now worth $14.43 x 100 x 140 = $202,000.

Risk / reward is proportional. You could have easily made a killing if the markets moved the right way. In fact, anything could happen by Friday. He only needs and 10% move up be in the black

The robinhood thread has made me laugh all day:

> 5QxjKb7SI2j1d9Zs3jcs · 809 points · 11 hours ago

> As a proud cuck, not gonna lie I get off on being locked out of my account while it gets pummeled and I can do nothing but watch.

> BippityBoppityZop · 156 points · 10 hours ago

> Don’t stop I’m almost there

> SensualKoala · 47 points · 9 hours ago

> "Oh yeah FUCK my savings harder"

> TRAIN_WRECK_0 · 84 points · 9 hours ago

> Anyone feel like barfing? It's almost like my wife's boyfriend stopped fucking her and starting fucking me, and there is nothing I can do to stop it.

@nostromo can't have read very much of that thread. It's one big in-joke.

Almost all satirical communities eventually lose the satire as new members cannot distinguish between satire and genuine content.

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