Thursday, March 25, 2021

Wall Street Bets Fun

Since January, 2021, I've been following the Wall Street Bets crowd on Reddit.  Here is a link to the thread: Wall Street Bets.  The group is young,  bold, irreverent, and self deprecating.  They make millions sometimes; they lose hundreds of thousands other times.

I've enjoyed reading their thread on a daily basis and have traded/invested in some of their ideas. Regretting Buying Bubble Stocks.   It's been a roller coaster.  I've had some big wins and a few no go's, but no big losses... yet.   Overall, it's been fun and exciting.

My one "complaint" is I feel the need to watch the Wall Street Bets stocks, since they are very volatile.   Probably not for me in the long term, but great for pandemic entertainment.

Disclosure:  We own the meme stocks GME, AMC, EXPR, BB, KOSS, and NOK.   We owned and sold SKT for a profit.   We traded calls in SKT, EXPR and AMC and traded puts in AMC and EXPR.  Overall, we are probably breakeven to slightly positive on our trades.

For more on Crossing Generations, check back every Thursday for a new segment.

This is not financial advice. Please consult a professional advisor.

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