185: Jaime Rogozinski – The Reckless Abandon of WallStreetBets—Where Brazen Risk-Taking Runs Rampant
Chat With Traders18 Joulu 2019

185: Jaime Rogozinski – The Reckless Abandon of WallStreetBets—Where Brazen Risk-Taking Runs Rampant

Jaime Rogozinski, a serial entrepreneur who resides in Mexico, is the man responsible for bringing WallStreetBets to life—the infamous and wildly popular subreddit, which proudly boasts the tagline, “Like 4Chan found a Bloomberg terminal.” In other words, WSB is an online forum (on Reddit) where the majority of it’s 700k+ members aren’t looking to establish long-term, sustainable trading careers. Instead they’re buying lotto tickets on commission-free trading apps, taking almighty risks, and attempting to strike it rich fast. This is a community, of mainly unsophisticated investors, where losses of 10’s and 100’s of thousands of dollars are so common that it’s considered the norm. And although less common, there’s also the occasional member who’s handsomely rewarded for his or her audacious risk-taking. It’s kind of insane what goes on here, especially because it’s real-life (minus the odd trolling stunt). But make no mistake, I’m not throwing shade at WSB! The brazen culture is fascinating and you can’t help but appreciate the rawness of it all, not to mention the comments provide priceless entertainment value. And there just might be some insight to gleam, if you look hard enough (even if it’s do the opposite!) Sound and rationale financial advice has no place on WSB. Speaking with Jaime, he tells how the subreddit evolved and took on a life of its own, highlights from the timeline; featuring a member who exposed an ‘infinite money cheat code’ on Robinhood and the infamous ‘Pharma Bro’ Martin Shkrelli who was once a moderator, plus the largest gains and losses in WSB history. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jaksot(319)

269: Rob Hanna - Reducing Anxiety and Drawdowns through Quantifiable Edges

269: Rob Hanna - Reducing Anxiety and Drawdowns through Quantifiable Edges

The shock of his first major losing year in 2004 as a discretionary trader, propelled Rob Hanna to find quantifiable statistical advantages that would help mitigate the fluctuations in his equity curv...

25 Loka 20231h 18min

268: Bryan Holdford - Is Loss Control All It Takes to Become Consistent?

268: Bryan Holdford - Is Loss Control All It Takes to Become Consistent?

Paying to take and pass the Series 7 license as a teenager in the 1980’s led Bryan Holdford into the high commission world of stocks and options without mentors or the internet. Starting with investme...

5 Loka 20231h 33min

267: Dan McDermitt - An Edge with Correlations Across Time Frames

267: Dan McDermitt - An Edge with Correlations Across Time Frames

Stinging losses with mutual funds in 2008 drove Dan to become an active manager of his portfolio. Enticed by the legalization prospects of marijuana, he dived into learning the fundamentals and techni...

21 Syys 20231h 13min

266: Mark Bennell - Mind Your Business: Be Like An Employee

266: Mark Bennell - Mind Your Business: Be Like An Employee

An engineer at the core, Mark Bennell, a Private Trader who has been trading full-time for 15 years breaks down what it really means to “Treat Trading As a Business” and why this mindset was incredibl...

6 Syys 20231h 32min

265: Peter Stolcers - Taking a Top-Down Approach to Day Trading

265: Peter Stolcers - Taking a Top-Down Approach to Day Trading

Seeing and feeling the intensity and chaos of the trading pits back in the 1980’s, Pete knew immediately that trading was the career he had to have. Starting as a floor runner making $5/hr to later tr...

16 Elo 20231h 14min

 264:  Gabriel Bullo - Contest Winner: One Trader's Unwavering Dedication

264: Gabriel Bullo - Contest Winner: One Trader's Unwavering Dedication

Growing up poor in the Philippines, Gabriel sought a way to supplement his income. Dealing with the emotional challenges of giving up his profits in his long-term positions, he switched to trading to ...

2 Elo 202345min

 263:  Andres Granger - Making it in South Korea & Exploiting Market Inefficiencies in Crypto

263: Andres Granger - Making it in South Korea & Exploiting Market Inefficiencies in Crypto

Seeking financial opportunities overseas just before the Great Financial Crises, Andres Granger was motivated to learn how to trade after falling victim to a Ponzi-like trading scheme. He worked hard ...

18 Heinä 20231h 19min

262: Henrik Johansson & Patrick Petersson - Recap: Beginner Trader to Funded Trader in 60 Days

262: Henrik Johansson & Patrick Petersson - Recap: Beginner Trader to Funded Trader in 60 Days

This is a special episode of a recording of a recent discussion that occurred within the Chat With Traders Community on a Zoom call. The discussion centers around Henrik Johansson, a beginner fellow t...

6 Heinä 20231h 54min

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