I'll defend it if you want. I browsed WSB a ton in 2016/2017, while in college. Doubled my initial investment (not much) in a year, and most importantly, learned a ton. I'm still trading now, but don't browse there as much and still have success. I guess maybe I'm one of the lucky ones? I have a friend who browsed the sub back then as well. He bought some of the meme stocks at the time (mostly AMD) and has been holding since. AMD was ~$7 then and is now ~$94.
Yeah, there's a lot of dumb crazy bets on there, and it has become a bit different since options trading started on Robinhood, but it's still a great place to learn things and get investment ideas.
Most of the meme stocks have seemed to perform well (outside of biopharmaceuticals they memed about back then).
Yeah, there's a lot of dumb crazy bets on there, and it has become a bit different since options trading started on Robinhood, but it's still a great place to learn things and get investment ideas.
Most of the meme stocks have seemed to perform well (outside of biopharmaceuticals they memed about back then).