“And they think we’re idiots,” adds another, “TK.” “It’s mutual disrespect.” “We think a lot of people in /r/investments are idiots,” said one moderator, “swiss.” The rivalry lives on today and extends to other finance-related subs.
Wolf of wall street stream reddit mods#
The mods tell me that /r/Wallstreetbets was founded by one of their team, “Jartek,” in 2012, after he was run out of /r/investing for advocating risky bets. “They’re like lemmings falling off a cliff” says one mod, using the name “1.” The reckless image is created by newbies, dilettantes who flock to the sub to get rich quick. They also suspect that a great deal of the wins posted there are faked using Photoshop. Most members, the mods say, avoid hyped-up “meme stock” and only make a few risky trades per year. But when I join one of their IRC channels the conversation turns abruptly sincere. Initially, when I approach the mods of /r/Wallstreetbets for an interview they respond with dick jokes and requests for verification ( “Can you please submit a picture of yourself nude holding up two tiki torches?”). Between the layers of in-jokes and YOLO traders, it’s hard to know how much of the sub is actually real.
![wolf of wall street stream reddit wolf of wall street stream reddit](https://i.cbc.ca/1.2544998.1392918281!/cpImage/httpImage/image.jpg)
In the past /r/Wallstreetbets has been portrayed as Reddit’s riskiest, troll-iest stock trading community (the subreddit's tagline: “ It’s like 4chan found a Bloomberg Terminal”), a place of sick gains and staggering losses, online bravado and real life trades, where the burn-it-all nihilist of 4chan is obliged to put their money where their mouth is.īut is /r/Wallstreetbets really as YOLO as it seems? “Fscomeau” later revealed his trading career to have been a long-running, extravagantly detailed hoax.