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If it was easy, everyone would do it. This isn’t investing, it’s gambling. I feel sorry for these people. Yes some people win big (we hear more about them) and some people lose big. Most people can’t beat the market. Basic tenets of building wealth through saving and investing haven’t changed. Only bet what you’re willing to lose. Riskier stocks are 10, max 20% of my long term holdings. I’ve been an active investor for 10+ years and I still don’t actively day trade or buy calls/puts.
And people still think it’s the hedge funds that lost money.... 🤦♂️
Chief
It’s all about calculated risk and closing out winning speculative positions.
Retail investors blindly making high risk bets is a dangerous game.
It’s time to party like it’s 1999!
Chief
Pets.com baby!
Rising Star
WSJ also had an article recently about a 25yo security guard, took out a $20K private loan at 11% rate and then quickly lost 80% of that betting on GME 🤦♂️
Can anyone link w/o the paywall?
Though I’m glad ppl are becoming more interested in investing, the lack of knowledge and just gross generalizations I see on the Internet are dangerous to me
This is dumb, zero knowledge hobby traders trying to go to the moon. We threw some spare cash into zoom and pelaton the day things went into lockdown and made a better return than these guys ever had on their best day.
It’s opportunity for the rest of us. Sheep get slaughtered.
They were losing big money until nobody could buy anymore.