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You’re a lottery winner, congrats. People made money during the tulip mania also. You’ve given money to the Wall Street, not taken it away. The biggest winners
by in3d 6y ago
You’re a lottery winner, congrats. People made money during the tulip mania also. You’ve given money to the Wall Street, not taken it away. The biggest winners are companies like Robin Hood and hedge funds who buy their order flow data and hedge funds that take advantage of the bubble to play this, while the losers will be small investors who were late to the game and believed the bullshit about how it’s anything more than a bubble.
- smabie 6y agothat's not how it works. Email me if you are genuinely interested in the how the institutional investors and market makers fit into this whole ecosystem. I'm tired of explaining market structure/incentives on HN. hint: wall st money was lost on gme, not made. Market makers got killed trying to hedge those deltas, over and over again (it is impossible to statically hedge an option you have sold with a long/short position in the underlying tho in some cases like far ITM options, you can pretend like you can because the options delta is 1)
- sammy533 6y agoCan you link your comment where you explain it?
- shouldiquitamzn 6y agoNo I made this money myself. In any time in basically the last decade, if you leveraged up on the SPY or QQQ, you are now retired. People are too risk averse, they will be stuck in a job forever
- bitcoinmoney 6y agoHow do we replicate your success?
- kapp_in_life 6y agoQQQ is a good idea until you hit a bear market. So live through 10 years of consistent positive gains every year in the market and you too can leverage QQQ to make millions. Taking lots of risk is good in a bull market.
- drewmate 6y agoStep 1 - Buy leveraged options at the right time Step 2 - Do not buy leveraged options at the wrong time [0] [0] https://knowyourmeme.com/memes/be-attractive-dont-be-unattractive https://knowyourmeme.com/memes/be-attractive-dont-be-unattra...
- m3kw9 6y agoAnd sell them at the right time, before they expire usually, usually people don’t have enough to actually go through with the contract if it’s in the money
- 8note 6y agoMemes. The answer is memes. People are willing to spend money on their memes like they are for their genes
- blackrock 6y agoMake sure to buy the right stock, at the right time. And make sure to sell it at the top, also at the right time. But in all seriousness, for the past 12 years, there has been no fundamentals. Why? Because the Fed juiced the market with Quantitative Easing. Thereby flooding the market with infinite money. Literally, all you had to do was to buy and hold.
- katbyte 6y agoNo you gambled and got lucky. Good for you that’s great, but please recognize it for what it is. You played the market and won, just like people play the lotto, and some of them win too.
- shouldiquitamzn 6y agoFalse. You have no idea about the trades I made. People are brainwashed, you can make money in the market. I made over 100 trades
- PartiallyTyped 6y agoPeople have been force-fed over and over that if they overpay their broker to have a 7% return yoy they will get to retire at 60 instead of 65. We have been repeatedly told by the same capitalists that make millions in a day that we are 'asking for too much' and that we are 'greedy'. Honestly. Even if I lose everything (I am up >200%) in January alone, I will be glad to see those greedy jackasses bleed.
- popeathlete 6y agoI wanted to write something of substance, but... Lol. Just, lol.
- thrwyoilarticle 6y agoDo you attribute YCombinator's success to lucky gambling?
- Zarel 6y agoIn options trading, every dollar you earn is a dollar someone else lost while trading options, and had to give to you. It's zero-sum. If you include fees, people lose slightly more money than they gain in options trading, on average. This is pretty different from YCombinator's startup investment. No one has to lose for YC to win. The money ultimately comes from customers of YC-funded startups, who are in theory engaging in positive-sum trade (getting more in value than the money they paid for it). On average, people are earning lots of money investing in startups. To be clear, options trading does have value in terms of letting people buy insurance and providing a price signal in terms of how many people believe prices will go up or down, but this is comparatively marginal and doesn't affect the options traders themselves.
- imtringued 6y agoHere is the thing about deflation. Everyone, literally everyone, invests into the capital markets and becomes rich. People start liquidating their assets and spend them only to realize that the real economy is gone and their money is worthless.
- 8note 6y agoWhat money did they give to wall street? How is wall street in the plus here?