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Comment by leetcrew | Hacker News Reader

> “They (the old mods) left for years and came back when they smelled money,” wrote “zjz," a banned moderator.

sort of ironic given the purpose of the sub.

I was going to say the same thing. Long holds work exactly like this... Don't look at it for a long time to restrict your temptation to day trade and potentially make a wrong move at the wrong time.

Every successful investor I know does this. They put in it, don't look at it for months, if not years, and do a eval-reshuffle of their portfolio every 5-10 years.

The more media /r/wallstreetbets gets, the more I'm convinced it's going to implode from within due to money and power.

Its very different. Speculating on a market vs taking over a sub after being inactive for years to get into the spotlight when it's in the news is not comparable at all.

agreed, I think in this case reddit made the correct (or "least bad") decision. I just find it amusing that users of a subreddit dedicated to getting rich quick by making wild bets would complain about a mod cashing in on their position. it's sort of like a graffiti artist complaining about someone defacing their work.

> it's sort of like a graffiti artist complaining about someone defacing their work.

"bomb condos not murals"

WSB (read the name) is for gambling, not exploiting or defacing anything, so there's no reason members would condone trashing their home for money.

Well that’s one strategy, nothing wrong with it but there are a lot of other ways to generate money from the stock market.

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