zpwe · HackerTrans

5 лет назадdiscuss

In my opinion Zero Hedge is more doom and gloom boomer centric and racist/hate filled. Despite Wall Street Bets use of what would be considered foul and derogatory language, giving back and donating to charities is encouraged. There was a post showing a donation of $420.69 encouraging others to donate gains to an autism charity given how freely the term is thrown around and how the majority of the community is a self proclaimed autist.

zpwe

5 лет назадdiscuss

I was one of the first if not the first people to post weekly options yolo on WSB that gained traction years ago, I get a bit more into it in other posts.

Most of these top firms have a specific pipelines from top ivy schools, they are very very selective for a specific person usually from an upper class upbringing.

I think Chamath has a point in that there's a lot more people capable of understanding the dynamics of options than are given credit for.

There still seems to exist this hubris in wall street that unless you went to those top schools you aren't capable of understanding derivatives and most of those institutions won't even interview you for a position if your CV isn't prestigious enough. Yet time and time again you see these funds blow up.

That being said its amusing how people just ran with the caricature of a fresh out of high school, blue collar upbringing, degenerate CBOE options pit trader who you would find smoking weed during trading hours and coked out pounding drinks at Ceres after hours with an autistic antisocial 4chan twist(heard stories from people who knew floor traders like this).

It seems like a lot of the professionals can't see past the tongue in cheek self deprecating humor to realize its an act that people play up.

zpwe

6 лет назадdiscuss

Inverse WSB, by the time people on WSB are talking about the trade, its too late and better to take the opposite side. Happened with SLV, and TSLA battery day. Most times good plays or ideas that are posted before the fact get ridiculed and don't get traction until after they played out.

zpwe

6 лет назадdiscuss

hmm, I take it you mean +ev and -ev ? not sure if I'm revealing too much, but as someone who is not white, or one of the "model minority", who grew up in what many would consider the "hood", attended one of the worst high schools in the country, I have felt my life has been inherently -ev due to the zipcode I grew up in / the color of my skin, who sees the many anti-AA views on this forum (advantages gained from AA are way overstated, if anything it helps rich URM more than those who are poor) and has been discouraged from pursuing a job in traditional tech given all the bullshit about inclusion and diversity that is spewed while their actions say otherwise, I consider the stock market the great equalizer. The barrier to entry is lower than most tech jobs and the color of your skin or your background doesn't change the potential outcome when a trade is placed, getting a job in the industry is a different story though. I've had a hard time hearing back from quant firms (quant from bb that rhymes with oldman slacks said my cv had too many "red flags" to be considered). When talking to universities about grad school, they really didn't give a shit that I was a URM like a lot of people will have you believe, they just wanted money. This bought me time to pursue independent study, where I've been teaching myself stochastic calc, math behind ML, additional programming in hopes of landing a jr quant role where performance is more objective with less layers of abstraction when it comes to value provided, people don't really care how you look if you you can point directly at how much money you made them. So given that most my life has been inherently -ev, I'm not going to lie it feels great for a change and I plan to run with this. Given where I grew up, dog eat dog is what I know, I thrive under pressure and stay rational in chaos, growing up I've had to hyper-analyze situations to anticipate any worst case scenarios that might occur and gtfo before shots are fired. I guess if I were a character from Peanuts, I'd be Pig-pen.

zpwe

6 лет назадdiscuss

So I was one of the first people on Wallstreetbets to post options YOLO around 2015, back then it was nothing but rainbow dick banners and penny stocks. I had previously interned at a brokerage and had just graduated college with a degree in physics(I understood the math behind options). Not hearing back from quant trading firms because I guess BSc is not enough for them, I said fuck it and started taking speculative bets on my own, lost half before I went all in on what I believed to be a fraudulent stock that was getting crushed, bought really far OTM weekly puts and was lucky that the CEOs collateral was liquidated which further tanked the stock. I then just bought AMD SQ when it IPOd and put the rest into ETFs and only traded small amounts on options the side. Just funny to see how far people ran with it. I tried warning people that while I wasn't a "pro" and I was playing up a degenerate trader/4chan character I was aware of the risk I was taking but we know how that turned out.

zpwe

6 лет назадdiscuss

So I was one of the first people on WSB to post options YOLO around 2015, back then it was nothing but rainbow dick banners and penny stocks. I had previously interned at a brokerage and had just graduated college with a degree in physics(I understood the math behind options). Not hearing back from quant trading firms because I guess BSc is not enough for them, I said fuck it and started taking speculative bets on my own, lost half before I went all in on what I believed to be a fraudulent stock that was getting crushed, bought really far OTM weekly puts and was lucky that the CEOs collateral was liquidated which further tanked the stock. I then just bought AMD SQ when it IPOd and put the rest into ETFs and only traded small amounts on options the side. Just funny to see how far people ran with it. I tried warning people that while I wasn't a "pro" and I was playing up a degenerate trader/4chan character I was aware of the risk I was taking but we know how that turned out.

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