Meet the Bros of /r/WallStreetBets Who Lose Thousands of $ Day–And Brag About It
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Re: Meet the Bros of /r/WallStreetBets Who Lose Thousands of $ Day–And Brag About It
#2What is going on in WSB is quite complex. You have:
1) Patsies who believe WSB advice and lose everything
2) Degenerate gamblers
3) People who photoshop fake gains/losses for teh lulz
As a result it is one giant exercise in delusion and I feel bad only for the people who lose a year's pay on options that have a 0.1% chance of breaking even.
Re: Meet the Bros of /r/WallStreetBets Who Lose Thousands of $ Day–And Brag About It
#3What is going on in WSB is quite complex. You have: 1) Patsies who believe WSB advice and lose everything 2) Degenerate gamblers 3) People who photoshop fake gains/losses for teh lulz As a result it is one giant exercise in delusion and I feel bad only for the people who lose a year's pay on options that have a 0.1% chance of breaking even.
You also have people who completely truthfully make a killing, not tricks no dishonesty. The thing is if you have people betting not up and down on the same thing and betting big, then somebody has to win, and more often then not the winners will post their story, leading to a biased image of a group that wins more than it loses.
Re: Meet the Bros of /r/WallStreetBets Who Lose Thousands of $ Day–And Brag About It
#4The tagline is 4chan combined with a Bloomberg terminal
Re: Meet the Bros of /r/WallStreetBets Who Lose Thousands of $ Day–And Brag About It
#5What is going on in WSB is quite complex. You have: 1) Patsies who believe WSB advice and lose everything 2) Degenerate gamblers 3) People who photoshop fake gains/losses for teh lulz As a result it is one giant exercise in delusion and I feel bad only for the people who lose a year's pay on options that have a 0.1% chance of breaking even.
You also have people who completely truthfully make a killing, not tricks no dishonesty. The thing is if you have people betting not up and down on the same thing and betting big, then somebody has to win, and more often then not the winners will post their story, leading to a biased image of a group that wins more than it loses.
Most of people doing the winning on options trading are the big institutions writing the options to the punters :(
Re: Meet the Bros of /r/WallStreetBets Who Lose Thousands of $ Day–And Brag About It
#6Earlier quoted context omitted.
You also have people who completely truthfully make a killing, not tricks no dishonesty. The thing is if you have people betting not up and down on the same thing and betting big, then somebody has to win, and more often then not the winners will post their story, leading to a biased image of a group that wins more than it loses.
Most of people doing the winning on options trading are the big institutions writing the options to the punters :(
The house always wins.