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Comment by systemvoltage | Hacker News Reader

I’ve been following it for 7-8 years now. Lots great DDs that didn’t turn out as well. After sterilization (ignoring 99% of the nonsense comments), I just see more guess work than anything else. Before GME, there was RiteAid, we all know how that panned out.

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Even Wall Street has losers, of course not every DD will touch gold. People in a forum like HN would ought to know Wall Street has been gamified for the longest time. People will gamble irregardless if they do so on the stock market or not. The people calculated enough to make money knows the sort of risk they are taking. The earth continues the spin - the only difference is that some retail investors having started taking note of what has been happening and are capitalizing on it. Chamath or Elon and their vested interests are irrelevant - backing democratization or individual investors isn't a bad thing.

So it's a cesspool and yet you have followed it for 7-8yrs? Please! It definitely has amazing value for you to follow it for 7-8yrs, there are few things that I have used for 7-8yrs. I have been following it since last year and it's amazing. Sure, you have to dig out the gem, but it's like mining for gold or diamond. Gotta do the work.

So we can’t knock a community for throwing ideas out there. I’ve gotten ideas from WSB that have led me to other ideas. It’s an alright subreddit, but to disparage them as dumbasses is a little much (they do enough of that to themselves as is).

No doubt, there is some good stuff in there as well. A few DDs are very in-depth and surprisingly good. I don’t think the whole subreddit is like that.

Does DD stand for Deep Dive or what does it stand for?

"Due diligence". It used both as a tag for posts that try to give real analysis, as well as a meme to describe terrible or humorous logic for making trades (e.g. "DPZ DD: everyone at this party just agreed that Dominoes Pizza is the best pizza, go long DPZ", stupid stuff like that).

I always thought it meant doubling down.

Yeah, and there was also TSLA and AMD and MU and others that did great.

The point is that they actually write out real strategies/positions as "DD", and you can make your own decisions.

Oh my, good ol' memories of $AMD and $MU. They did pan out!

In the modern american economy nobody except perhaps onlyfans have created so many new millionaires as wsb :)))

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