And yet, according to Portnoy, he"bought at the absolute high" for GameStop, AMC, and Nokia — another meme stock — and"sold at the exact bottom."He also demonstrated that he had absolutely no earthly idea what he was doing, or how anything on Wall Street works. Last Thursday, brokerage app Robinhood paused trading in the meme stocks to recapitalize.
Any Wall Streeter will tell you: Insisting that losing money in the stock market is everyone's fault but your own is peak bag holder behavior., and he bet a very small portion of his fortune on meme stocks. He may, however, have fans who listened to him who took on quite a bit more risk. He thinks of the stock market less like a math problem where one needs to learn concepts and apply analysis, and more like casino where you just need to keep playing when you're on a heater. He told Cuomo he did not feel responsible for turning his faithful Stoolies into bag holders, he insisted that like any gamblers they knew the risks.
lopezlinette It’s literally his schtick.... However you seem to dense to understand that
lopezlinette Well there goes the next three years of my student loan payments. -- Twenty-somethings in the market, probably.
lopezlinette 'money printer go brrrr....' Only up
lopezlinette If GME does end up shooting to the moon soon, this will be hillarious.
lopezlinette stoolpresidente explain her the stock market is like betting sports