All I'm saying is that WSB is a shitty barometer to measure retail or trader sentiment. The majority of the posts here don't even show positions. Just some regard perma bear or bull karma farming.

Also, think about your average WSB redditor. More than likely he's an early to mid 20s guy who's a virgin to trading a bear market. Sure, he lived through 2008, but had no skin in the game. This applies to redditors over at r/stocks too. All they know is "stonks go up". In fact, a majority of WSB came in during 2020 during meme stock mania when trillions in stimulus were injected into the economy.

Boomer retail traders with the most $$$ in stonks don't hang out on reddit, lest of all WSB. Are they "trigger happy with put buying" too? Go ask your parents.

>market will go down when everyone gives up on shorting it

Define everyone? Is your grandma shorting SPY? Any of your siblings or friends? Whenever I tell my friends about put options, they look at me funny. Like I'm regarded or something.

WSB thinks they can speak for all retail and the MMs are constantly monitoring us because we're such an omnipresent force in the market. No, we're a bunch of self declared degenerate regards and nobody gives a shit about us.

Some bears were also screaming for another downleg when we were approaching this trendline (which coincided with the 200 SMA) back in mid august when SPY was approaching 430. We were right.

This bear market rally has lasted for about 1.5 months. The last one lasted about 2 months (before we dove off the cliff and made a new low of 350). Bear markets are all about lower highs and lower lows.

Entering longs at the cusp of this bear market rally is just as dumb as opening shorts after making a new low and several consecutive red weeks.