3 ms·

I don’t have enough karma to downvote, dude. It’s also not a bad take. Institutional investors do indeed make a killing and you can do fine using i.e. the whe

I don’t have enough karma to downvote, dude. It’s also not a bad take. Institutional investors do indeed make a killing and you can do fine using i.e. the wheel strategy. But if you’re YOLOing on WSB and you aren’t an institutional investor it is almost certainly luck to turn thousands into millions.

tootie 6y ago
I'm with you. I think the thing is that a YOLO play has better odds than winning the lotto or playing roulette. Some people make millions playing poker too.
- edgyquant 6y ago
  Definitely it does, and it’s not all luck. As I said I’ve done pretty good myself with options with basic trend following techniques I learned as an aspiring algotrader. I believe I would have made money either way but my couple of >1000% gains were luck on top of the trend following.
totalZero 6y ago
First of all, if you're YOLOing on WSB and you are an institutional investor, you should really re-examine your choices lol. My view is that most people don't talk publicly about windfalls, so if someone's willing to do it on a throwaway it's way more useful IMO to tease information out of him than to marginalize his comments. That's also the best way to determine whether or not he's lying. If he's consistently lucky, then he's good. Probabilistic tails are narrow but they do exist. By that, I mean you shouldn't assume that something isn't worth discussing just because it is improbable. That approach stifles the free exchange of thoughts and ideas, and neglects the reality that some people are in fact talented at things that most people can't do. PS I didn't say you specifically downvoted the guy, but we as a collective have downvoted several of his comments on this article, and you as an individual are trivializing his (claimed) experience as luck.

3 ms·

I don’t have enough karma to downvote, dude. It’s also not a bad take. Institutional investors do indeed make a killing and you can do fine using i.e. the whe

by edgyquant 6y ago

tootie 6y ago
I'm with you. I think the thing is that a YOLO play has better odds than winning the lotto or playing roulette. Some people make millions playing poker too.
- edgyquant 6y ago
  Definitely it does, and it’s not all luck. As I said I’ve done pretty good myself with options with basic trend following techniques I learned as an aspiring algotrader. I believe I would have made money either way but my couple of >1000% gains were luck on top of the trend following.
totalZero 6y ago
First of all, if you're YOLOing on WSB and you are an institutional investor, you should really re-examine your choices lol. My view is that most people don't talk publicly about windfalls, so if someone's willing to do it on a throwaway it's way more useful IMO to tease information out of him than to marginalize his comments. That's also the best way to determine whether or not he's lying. If he's consistently lucky, then he's good. Probabilistic tails are narrow but they do exist. By that, I mean you shouldn't assume that something isn't worth discussing just because it is improbable. That approach stifles the free exchange of thoughts and ideas, and neglects the reality that some people are in fact talented at things that most people can't do. PS I didn't say you specifically downvoted the guy, but we as a collective have downvoted several of his comments on this article, and you as an individual are trivializing his (claimed) experience as luck.