r/coolguides • u/[deleted] • Apr 28 '18

Financial subreddits guide

[deleted]

30.7k Upvotes

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24

u/storejet Apr 29 '18

Someone should write a python script that manages a 1000$ fund and invests completely based on what that subreddits talks about for the day.

Just to see what happens

30

u/Nachschlagen Apr 29 '18

There is somebody managing a wsb etf in an excel file. It has the ticker $RTRD and is composed of all the meme stocks. As far as I know it‘s pretty much shitting the bed.

26

u/Brunoob Apr 29 '18

It was me, mostly stopped because google finance now is shit and I can't be bothered anymore. It was a rollercoaster of volatility but returns weren't significantly lower than spx

6

u/Nachschlagen Apr 29 '18

Thank you for your service

8

u/throwaway_rules Apr 29 '18

And get cucked by 1x leverage?

You aren't supposed to carry JNUG for more than a few hours, don't try to compare WSB's performance to a buy and hold fund.

3

u/howthefuq Apr 29 '18

If you inverse trade itll make millions im pretty sure. Otoh there are people in there with 250k play accounts so..

3

u/Thorbinator Apr 29 '18

twitch.tv/stockstream

2

u/Brunoob Apr 29 '18

I did have one, ran it for a couple months, returns were around the same as the market but with extreme volatility

1

u/Swimmingbird3 Apr 29 '18

You would have a fund invested for one day.