The statistic is something like 90% of individual traders (professional or amateur) lose money compared to just leaving in the S&P 500. The only entities consistently making more money are doing high-speed or inside trading. Maybe 1% get lucky and make money (shortly before losing it all), but at least half of r/wallstreetbets is people faking profits to try and pump their stocks of choice.
Don't play the stock market kids.
This has actually been a fantastic environment for options gambling because the options market has been massively underestimating IV for weeks. Many are beginning a lifetime of gambling addiction. Please do not try to do this. This person is going to lose all the money eventually and chase getting it back again. It's just doubling down until you lose a bet and then you're done. And a lot of people only show the last week. If they show the last year or all, they are often still down bad.
yeah i refuse to start an options account for this reason. i burned all my luck with the first and only squeeze with GME (knew nothing and did a x10 profit and dipped)
afterward I tossed a few hundred into meme stocks and went to shit and noped out forever. the money helped my partner get a vastly better job (paid for training)
portfolio: $35k buying power: $500
hmmm
isn't buying power just how much cash he has in his robinhood account? cause if that's the case then it makes sense. he put in 3.5k in his account spend 3k and 10 timed his money overnight.
Either that or he is leveraged something like 70x on options, puts and calls.
Also: 18% battery -.-
This is just gambling, if stock oscillate for 5-10%, there is no RnD nor serious investment
I wish I knew how to do this. I just invested like $100 (lol) in like 5 different things and watch the line go up and down. I think one day the most I made was $10.
Need someone to teach me how to game the system.
It's gambling. You see the successes post about it. Almost everyone else is a loser.
I think you usually have to risk a lot in order to win a lot. But I’ve never done it (because it’s bad). I feel like the only ethical investing is shorting companies, which is insanely risky and regularly drives people out of their minds.
That guy would also probablly freely admit he also doesn't know "how he did it".
It's like gambling, at best if you're really really good at it you slightly increase your chances of a decent payout.
Also you have to make it to the "really really good" phase before you bankrupt yourself.
Like how they don't show what they were insider trading..er "investing" in. Absolutely flat through the day save a few trades at the start of the day.
Oh dear fucking god this lunatic actually is leveraged out the gills on options.
Jesus fuck.
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my perennially lowest risk possible choice retirement account portfolio is only down 0.36% for the last 30 days. i am what financial advisors refer to as "an asshole".
the market is bullshit. the only way to play it is to only play when forced to by an employer contribution/retirement matching scheme, and even then, put it in the money market. the one they tell you to only put it in when you're figuring out how you want to balance your funds. then you just leave it there.
sure, i don't make shit for returns, i don't double my money every 7 years... which gamblers like to call "missing out on gains" because they operate with the mindset of someone who has been playing with loaded dice for 50 years, thinking this casino is always gonna pay out because everyone letting it ride can be a winner from now until forever.
i get all the gains i need from the employer match at the jump. after that, keep my shit in highly-liquid, low risk instruments. my benefit here is that when the market shits itself, i don't see some heinous drop and fall to my knees praying i don't lose my job during market turmoil and/or have to cash out my retirement when it's worth pennies on the dollar.
that shit happened to a fuckload of people in '07-08. nevermind what happened to the people actually in retirement making mandatory withdrawals when it was valued in the shitter?
that's what the market really is for small time investors: a machine that holds the sheep still while the bears and the bulls tear it up. wall street used to be more open about this and actually had all 3 animals represented ~100 years ago, but realized they could lure more little people into the machine if they left the sheep out of the imagery.
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Slop posts go in c/slop. Don't post low-hanging fruit here.
