Stock Market Forum
Share and discuss stock market trends, specific stock picks and trading strategies with other investors.
Lifecycle of a GME Trader
You stumble upon a Reddit forum buzzing about Gamestop (GME) stock. Fuelled by memes, a desire to stick it to the hedge funds, and maybe a few late-night YouTube videos about the stock market, you decide to dive in.
You buy GME stock and direct register your shares to prevent Mr Mayo from shorting them. Ramen noodles become your primary food group, because every penny counts towards buying more GME shares.
Every waking moment is spent glued to your phone, watching the ticker like a hawk. Roaring Kitty tweets, and the apes erupt in a frenzy. Is it time for another moonshot?
This Wednesday could be particularly volatile, with a core CPI release and an FOMC decision.
I'm tempted to "sell in May and go away". The markets are hitting all-time highs but showing some signs of exhaustion. Yields are creeping up after a recent Treasury bond auction underperformed. And with Russia set to launch a summer offensive in Ukraine, I'm convinced the markets could go sell off aggressively.
Tesla had a big pop after it announced it would accelerate the launch of cheaper cars by 2025. At first, I was dismissive of the pop because it also reported a big drop in revenue on the same day, but it looks like this rally has legs. What do you make of this?
