“Y-O-F**KING-LO,” the teen wrote, flashing his trading statement. “900 to 55K in 12 days!”
On Reddit, he’s known as “World Chaos,” a Florida high schooler who earlier this year multiplied his money by betting against the S&P 500. His real name is Jeffrey Rozanski, and the 18-year-old’s appetite for risk would make many seasoned market players facepalm.
In one corner of the Internet, though, praise rained down. “You magnificent bastard,” read one reply. “Sailing away on your yacht while the rest of us f**kers who went long are looking for the nearest window.”
That was peak “WallStreetBets,” the Reddit forum where “YOLO” is the war cry, Martin Shkreli is a role model, and irreverent traders trawl for tickets to quick wealth. It has become what one member calls “the beating heart of millennial day traders.”
“It’s tasteless, hilarious and subversive,” said Erik Johnson, a 28-year-old manufacturing worker and forum regular from Boston. “And you definitely need to have a thick skin to partake.”
Reddit as Financial Advisor: WallStreetBets
There’s a loud corner of Reddit where millennials look to get rich or die tryin’
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