A Gripping Insight into the Chaos and Triumphs of WallStreetBets
âThe Trolls of Wall Streetâ by Nathan Popper is an exhilarating read that masterfully captures the rise of WallStreetBets, an improbable movement that has reshaped the financial landscape. This book delves deep into the world of self-proclaimed âdegeneratesâ who turned a simple subreddit into a cultural phenomenon, moving from the internetâs fringes to the epicenter of Wall Street.Popperâs narrative is both fast-paced and deeply informative, shedding light on the personas of Jaime Rogozinski and Jordan Zazzara. These unconventional figures, far from traditional financial power players, spearheaded WallStreetBets, a community that thrives on risky financial trading, memes, and trolling. Their story is a testament to how a grassroots movement can disrupt global financial markets and influence a generationâs outlook on money and investing.I found several topics particularly valuable: ⢠Payment for Order Flow (p. 41): Insights into how platforms like Robinhood operate. ⢠Call Options and Stock Movements (p. 116 & p. 166): Detailed explanations of how buying call options can drive stock prices up. ⢠Gamma Squeeze Tactics (p. 130): Strategies for playing the infamous âgamma squeeze.â ⢠Trading Classes and Communities (p. 142 & p. 166): Information about True Trading Group and the impact of Reddit shutting down Trump subs. ⢠Bots and Automation (p. 163): The role of petty Reddit bots in trading. ⢠Stock Twits and Open-Source Reddit (p. 183 & p. 170): Exploration of different trading and social platforms. ⢠Behavioral Finance and AMC (p. 195 & p. 236): The dynamics of bullish call options, bearish put options, and the AMC saga. ⢠DeFi and Technis App (p. 280, p. 286 & p. 294): The future of decentralized finance and innovative trading apps.Popperâs work not only chronicles the financial maneuvers but also dives into the socio-cultural factors that propelled WallStreetBets into the mainstream. Itâs a sobering account of how young Americans, through their obsession with markets, have left an indelible mark on finance, politics, and popular culture.For anyone interested in understanding the chaotic yet fascinating world of WallStreetBets, âThe Trolls of Wall Streetâ is an essential read. Highly recommended for both finance enthusiasts and casual readers intrigued by the intersection of internet culture and global markets.Rating: 5/5
Timely and compelling look behind the headlines at the rise of Reddit-fueled trading.
Extremely timely look at how online communities fueled by Reddit challenged Wall Street in the run up to the Gamestop boom in 2021. Going beyond the headlines and hysteria of other texts that focus on the conflict between Wall Street and Reddit, Popper does an incredible drive tracing the origins of these communities and the analogs between the more polarizing pieces of the internet. Highly recommend for those enmeshed in online communities, trading and anyone who enjoys a thrilling and incredibly well researched and sourced, threaded with a compelling narrative.
Good
The newsweek review below is the worst quote in historyIncisive…While other journalists have portrayed WallStreetBets as the David to Wall Streetâs Goliath, Popper depicts the subreddit as a refuge for young men starved of connection whose disaffection deteriorated during the Trump presidency into a wellspring of racism and misogyny. Vividly reported and remarkably evenhanded, this stands out as one of the more critical assessments of the GameStop rally.â â Publishers Weekly
Already Frustrated
Just began reading tonight. The content is well written, informative, and engaging. The paper is thinner and cheaper than what youâd find in a comic book. Distracting to read, with the print of subsequent page(s) bleeding right through. Should have just gotten the Kindle version.
The story behind and incisive analysis of into market shift of past decade
I had dismissed the GameStop runup as little more than a group of crazy youngsters that briefly manipulated the markets. After reading this book, I came to understand the social movement behind it, the people who shaped it, and they way their social networks outsmarted the hedge funds and changed investing. Nathaniel Popper’s writing turns what could be dry subject matter into a riveting story. A great read!
A Gripping Insight into the Chaos and Triumphs of WallStreetBets
âThe Trolls of Wall Streetâ by Nathan Popper is an exhilarating read that masterfully captures the rise of WallStreetBets, an improbable movement that has reshaped the financial landscape. This book delves deep into the world of self-proclaimed âdegeneratesâ who turned a simple subreddit into a cultural phenomenon, moving from the internetâs fringes to the epicenter of Wall Street.Popperâs narrative is both fast-paced and deeply informative, shedding light on the personas of Jaime Rogozinski and Jordan Zazzara. These unconventional figures, far from traditional financial power players, spearheaded WallStreetBets, a community that thrives on risky financial trading, memes, and trolling. Their story is a testament to how a grassroots movement can disrupt global financial markets and influence a generationâs outlook on money and investing.I found several topics particularly valuable: ⢠Payment for Order Flow (p. 41): Insights into how platforms like Robinhood operate. ⢠Call Options and Stock Movements (p. 116 & p. 166): Detailed explanations of how buying call options can drive stock prices up. ⢠Gamma Squeeze Tactics (p. 130): Strategies for playing the infamous âgamma squeeze.â ⢠Trading Classes and Communities (p. 142 & p. 166): Information about True Trading Group and the impact of Reddit shutting down Trump subs. ⢠Bots and Automation (p. 163): The role of petty Reddit bots in trading. ⢠Stock Twits and Open-Source Reddit (p. 183 & p. 170): Exploration of different trading and social platforms. ⢠Behavioral Finance and AMC (p. 195 & p. 236): The dynamics of bullish call options, bearish put options, and the AMC saga. ⢠DeFi and Technis App (p. 280, p. 286 & p. 294): The future of decentralized finance and innovative trading apps.Popperâs work not only chronicles the financial maneuvers but also dives into the socio-cultural factors that propelled WallStreetBets into the mainstream. Itâs a sobering account of how young Americans, through their obsession with markets, have left an indelible mark on finance, politics, and popular culture.For anyone interested in understanding the chaotic yet fascinating world of WallStreetBets, âThe Trolls of Wall Streetâ is an essential read. Highly recommended for both finance enthusiasts and casual readers intrigued by the intersection of internet culture and global markets.Rating: 5/5
Timely and compelling look behind the headlines at the rise of Reddit-fueled trading.
Extremely timely look at how online communities fueled by Reddit challenged Wall Street in the run up to the Gamestop boom in 2021. Going beyond the headlines and hysteria of other texts that focus on the conflict between Wall Street and Reddit, Popper does an incredible drive tracing the origins of these communities and the analogs between the more polarizing pieces of the internet. Highly recommend for those enmeshed in online communities, trading and anyone who enjoys a thrilling and incredibly well researched and sourced, threaded with a compelling narrative.
Good
The newsweek review below is the worst quote in historyIncisive…While other journalists have portrayed WallStreetBets as the David to Wall Streetâs Goliath, Popper depicts the subreddit as a refuge for young men starved of connection whose disaffection deteriorated during the Trump presidency into a wellspring of racism and misogyny. Vividly reported and remarkably evenhanded, this stands out as one of the more critical assessments of the GameStop rally.â â Publishers Weekly
Already Frustrated
Just began reading tonight. The content is well written, informative, and engaging. The paper is thinner and cheaper than what youâd find in a comic book. Distracting to read, with the print of subsequent page(s) bleeding right through. Should have just gotten the Kindle version.
The story behind and incisive analysis of into market shift of past decade
I had dismissed the GameStop runup as little more than a group of crazy youngsters that briefly manipulated the markets. After reading this book, I came to understand the social movement behind it, the people who shaped it, and they way their social networks outsmarted the hedge funds and changed investing. Nathaniel Popper’s writing turns what could be dry subject matter into a riveting story. A great read!