The logical fallacy of people continuing to hold GME

[Deleted member 7173]

The people holding GME, even after stopping to $80 today, are under the logical fallacy that "The underdogs will win". This is probably the biggest cope I've ever heard. Life is not a movie, and the hedge fund will come out of this unscathed. I would not be surprised if GME continues falling to $60, $50, and eventually $30. There won't be a short squeeze. It's over

It's similar to an incel coping that "true love will eventually come", but in this case the incel is the average WSB redditor and the short squeeze is "true love"

 

[Deleted member 6191]

Gunnersbro

 

[Deleted member 3043]

Gunnersbro

 

[Lars]

Nahh cope you pussy paperhand high inhib gay bear

 

[eduardkoopman]

No fallacy of the gains.

 

[Chadelite]

It went up to almost 500 usd

It makes no sense to keep holding

 

[Deleted member 10536]

No fallacy of the gains.

Is this yours?

 

[eduardkoopman]

Is this yours?

I wished

 

[Deleted member 10536]

I wished

Idk if one should wish to be that person...?

 

[eduardkoopman]

Idk if one should wish to be that person...?

That dude has $173.000 yolo/speculation/play money. So he must be rich. I assumed

 

[Deleted member 1862]

The people holding GME, even after stopping to $80 today, are under the logical fallacy that "The underdogs will win". This is probably the biggest cope I've ever heard. Life is not a movie, and the hedge fund will come out of this unscathed. I would not be surprised if GME continues falling to $60, $50, and eventually $30. There won't be a short squeeze. It's over

It's similar to an incel coping that "true love will eventually come", but in this case the incel is the average WSB redditor and the short squeeze is "true love"

it's so fucked up that the 'underdog winning' in this scenario just refers to the US legal system working lol

i wouldn't be surprised if those shorts just don't get covered & melvin doesn't have to pay interest on them

 

[Deleted member 10536]

That dude has $173.000 yolo/speculation/play money. So he must be rich. I assumed

Yeah, but that might as well have been his entire life savings and or even a loan/mortgage.
It just depends.
If you make that much money, it's hard for me to understand how you'd lose that much money, unless it's like 1% of your worth.

 

[Deleted member 10536]

That dude has $173.000 yolo/speculation/play money. So he must be rich. I assumed

Also, the obvious support levels were 70, 80, 120, 200, 250, 300, etc. If you put in this much money, you also obviously must know what you're doing, so you're buying multiple times, all throughout with small positions at these levels and not at once with a single entry.
Idk, just makes no sense in general, to me.

 

[eduardkoopman]

Yeah, but that might as well have been his entire life savings and or even a loan/mortgage.
It just depends.
If you make that much money, it's hard for me to understand how you'd lose that much money, unless it's like 1% of your worth.

That would be brutals. But also a bit dumb, if put up more than 10% of lqiuid asstes into this

I nowatimes. Kinda set at beginning of the year, like 10% of liquid (aka cash, crypto, and stock) aside. To yolo with as much as I like.

Life is also for living, yolo, fun and stupid shit. Not just living like a stingy one, crying over every loss and risk.

 

[Deleted member 4301]

This is just a back fit explanation. Hind sight is 20/20

 

[Deleted member 10536]

That would be brutals. But also a bit dumb, if put up more than 10% of lqiuid asstes into this

I nowatimes. Kinda set at beginning of the year, like 10% of liquid (aka cash, crypto, and stock) aside. To yolo with as much as I like.

Life is also for living, yolo, fun and stupid shit. Not just living like a stingy one, crying over every loss and risk.

I plan trades, so that I can re enter lower several times, if things don't go as planned. That dude has avg entry price of $276 or something, when the stock is at $90. It just makes no sense to me. That's why I asked all these things.
That's why he lost that much money btw. Because his trade/trades were senseless.

 

[Deusmaximus]

Imagine the feeling of loosing 13 Millions in a day

 

[eduardkoopman]

I plan trades, so that I can re enter lower several times, if things don't go as planned. That dude has avg entry price of $276 or something, when the stock is at $90. It just makes no sense to me. That's why I asked all these things.
That's why he lost that much money btw. Because his trade/trades were senseless.

legit point.
but also. imo.
that's what yolo money is for. Doing dumb crazy shit. It's money to have fun with, not be sensible.

Some people imo. have to much respect for money. So much, that they can't even set some of it aside. to yolo, with. do dumb shit with. Because yolo, is about feeling alive, imo. It creates emotions, stories, excitment, unpredicatable fun and sufferings.

For a sensible guy like me. I really had to learn. to put aside some money for yolo. to have more of a life that is satisfying to look at.

Imagine the feeling of loosing 13 Millions in a day

still mirin his gains though.
People tend to respond stronger to loss; than to gains

 

[Deleted member 10536]

legit point.
but also. imo.
that's what yolo money is for. Doing dumb crazy shit. It's money to have fun with, not be sensible.

Some people imo. have to much respect for money. So much, that they can't even set some of it aside. to yolo, with. do dumb shit with. Because yolo, is about feeling alive, imo. It creates emotions, stories, excitment, unpredicatable fun and sufferings.

For a sensible guy like me. I really had to learn. to put aside some money for yolo. to have more of a life that is satisfying to look at.

still mirin his gains though.
People tend to respond stronger to loss; than to gains

Yeah, but I really don't feel that, that particular case was just what you're claiming here. I think that was just a lottery ticket with dreams and hopes behind it. Not yolo throw away cash.
If he had entered sensibly, he'd be in the worst case in the red right now still, but with an avg entry position of somewhere in the 150-180 level. That's huge and all it did require was 10minutes of attention, for saving tens of thousands.

 

[eduardkoopman]

Yeah, but I really don't feel that, that particular case was just what you're claiming here. I think that was just a lottery ticket with dreams and hopes behind it. Not yolo throw away cash.
If he had entered sensibly, he'd be in the worst case in the red right now still, but with an avg entry position of somewhere in the 150-180 level. That's huge and all it did require was 10minutes of attention, for saving tens of thousands.

People that put more into this. Than what IS TO/FOR THEM yolo or trow away cash.
Are idiotic.

it's hard or impossible to be sensible with gme, buying moments imo. it's extremely unpredictable, in my observations. and that's what makes it fun.

 

[ReverseNorwoodPill]

legit point.
but also. imo.
that's what yolo money is for. Doing dumb crazy shit. It's money to have fun with, not be sensible.

Some people imo. have to much respect for money. So much, that they can't even set some of it aside. to yolo, with. do dumb shit with. Because yolo, is about feeling alive, imo. It creates emotions, stories, excitment, unpredicatable fun and sufferings.

For a sensible guy like me. I really had to learn. to put aside some money for yolo. to have more of a life that is satisfying to look at.

still mirin his gains though.
People tend to respond stronger to loss; than to gains

Every single post of you here sounds like cope now ngl

 

[eduardkoopman]

Every single post of you here sounds like cope now ngl

 

[Deleted member 10536]

People that put more into this. Than what IS TO/FOR THEM yolo or trow away cash.
Are idiotic.

it's hard or impossible to be sensible with gme, buying moments imo. it's extremely unpredictable, in my observations. and that's what makes it fun.

I disagree. I didn't see chart wise anything unpredictable in gme. At all. It was acting in a very rational fashion and you could make sensible rational decisions trading it. Nobody is going to convince me otherwise, I looked at the charts. Price reacted to support and resistance levels. And it did everything that ever happens in a market. Yes, there were manipulation attempts by banks, freezing of trading, etc. But that I feel only prevented more extremes moves in both directions.
Admittedly, that might have been a thing which prevented it from going much higher and triggering the short squeeze. I don't know how things did work out behind the scenes, as it seems they did in fact exit their shorts during all of this.
1 hour chart even has a double top and a butterfly pattern on it. The classic trading range pattern. You can see it EVERYWHERE. It's incredibly common pattern of price action.

 

[eduardkoopman]

I disagree. I didn't see chart wise anything unpredictable in gme. At all. It was acting in a very rational fashion and you could make sensible rational decisions trading it. Nobody is going to convince me otherwise, I looked at the charts. Price reacted to support and resistance levels. And it did everything that ever happens in a market. Yes, there were manipulation attempts by banks, freezing of trading, etc. But that I feel only prevented more extremes moves in both directions.
Admittedly, that might have been a thing which prevented it from going much higher and triggering the short squeeze. I don't know how things did work out behind the scenes, as it seems they did in fact exit their shorts during all of this.
1 hour chart even has a double top and a butterfly pattern on it. The classic trading range pattern. You can see it EVERYWHERE. It's incredibly common pattern of price action.
View attachment 962683

you could be correct. maybe is does make sense.
But, I know little about charts analysis, or whatever peoples do with charts. But I'm also not a daytrader, or interested in that.
I only yolo a bit, with mu set aside yolo money.

For long term. I only go into big etf's and now crypto. And just stall it there; add to it, and leave it. Maybe some moveing around from 1 to another occassionally. That's it. I check it like 2x per month oros, max.

 

[Deleted member 10536]

you could be correct. maybe is does make sense.
But, I know little about charts analysis, or whatever peoples do with charts. But I'm also not a daytrader, or interested in that.
I only yolo a bit, with mu set aside yolo money.

For long term. I only go into big etf's and now crypto. And just stall it there; add to it, and leave it. Maybe some moveing around from 1 to another occassionally. That's it. I check it like 2x per month oros, max.

I personally don't see myself any other way out of my hell of a life, so I take trading seriously and think this is my only hope of achieving anything at all. I only look at charts, I don't really care too much for real life news, besides gme had really important fundamental things going for it, i.e. short squeeze of century, etc.
I take small positions and generally plan to quadruple down, if things don't go as I planned, unless I don't see any hope in the trade anymore - then I take the loss. But I haven't had such a trade in quite a while. Also I've spent a lot of time in forex and came out with a conclusion that it's the worst place to make money and also you need volatility to make money - crypto is the best place to trade by far. Also most lenient and regulation free. It's a golden age of trading right now.

 

[eduardkoopman]

I personally don't see myself any other way out of my hell of a life, so I take trading seriously and think this is my only hope of achieving anything at all. I only look at charts, I don't really care too much for real life news, besides gme had really important fundamental things going for it, i.e. short squeeze of century, etc.
I take small positions and generally plan to quadruple down, if things don't go as I planned, unless I don't see any hope in the trade anymore - then I take the loss. But I haven't had such a trade in quite a while. Also I've spent a lot of time in forex and came out with a conclusion that it's the worst place to make money and also you need volatility to make money - crypto is the best place to trade by far. Also most lenient and regulation free. It's a golden age of trading right now.

Sorry, your life is hell-ish. I don't have that problem much atm that life is hellish. Money is "just" a small/limited aspect of muh life.

Yeah, as a daytrader. You NEED to be very adaptive, quick and flexibele. In opinion,s hypothesis, and trends breaking and starting and so on.
It's a whole different ball game. I hoep you get good at, and than ever better at.
I don't care for that above matter. i'm just a dude that puts in long term money and don't pay attention to it much. And I have some yolo money, that I can do anything with I like; like for example play the stock market like a casino with betts. Or decide I want mubh ass pampered for the weekend, so I chill in a spa with good food, amssages, baths, and shit.
Having some yolo money, is good. I which it for everyone.

 

[eduardkoopman]

The people holding GME, even after stopping to $80 today, are under the logical fallacy that "The underdogs will win". This is probably the biggest cope I've ever heard. Life is not a movie, and the hedge fund will come out of this unscathed. I would not be surprised if GME continues falling to $60, $50, and eventually $30. There won't be a short squeeze. It's over

It's similar to an incel coping that "true love will eventually come", but in this case the incel is the average WSB redditor and the short squeeze is "true love"

 

[Seth Walsh]

The people holding GME, even after stopping to $80 today, are under the logical fallacy that "The underdogs will win". This is probably the biggest cope I've ever heard. Life is not a movie, and the hedge fund will come out of this unscathed. I would not be surprised if GME continues falling to $60, $50, and eventually $30. There won't be a short squeeze. It's over

It's similar to an incel coping that "true love will eventually come", but in this case the incel is the average WSB redditor and the short squeeze is "true love"

 

[Seth Walsh]

 

[Deleted member 9003]

View attachment 1031866

Damn I should’ve held

 

[Arvenas]

Keep coping. Already up 200%

 

[eduardkoopman]

Damn I should’ve held

Needed to have steel balls on this one. To not sell. I was staring at significant loss just 2 weeks ago.
It looked so over, and big loss.

 

[Deleted member 1862]

me seeing OP's evisceration itt