4 ms·

> I could be wrong but wouldn't simple logic dictate that... most people stop doing something that loses them money? Have you ever been to a casino? Everyone

by jawns 4y ago

> I could be wrong but wouldn't simple logic dictate that... most people stop doing something that loses them money? Have you ever been to a casino? Everyone knows that the house always wins in the aggregate, but everyone hopes that they're one of the lucky individuals who will beat the odds and win as an individual. I would guess, in the case of options trading, that it's not the same people being burned over and over again, approaching 100% of the time, but rather enough wins among the losses to keep some people hooked, while they eventually either get slowly drained or, in some cases, body-slammed. Couple that with a steady influx of new, intrigued customers, and there's enough fuel to burn for a while.

bell-cot 4y ago
Oh yes, THIS. And "making easy money" by trading stocks / options / other securities is a far, far better story to tell than "I got lucky at the casino" - which helps lure even more players into the securities casino. (And, at least in my social group, folks who win or lose at the casino seem to honestly speak of their net gain/loss. Vs. I've yet to hear a single story about making money in securities trading which even hinted at whether the teller's trades added up to a net gain or net loss for the (say) year.)
Kon-Peki 4y ago
> Have you ever been to a casino? Some people view it as a form of entertainment, and most people view entertainment as something that is ok to pay money for. Keep it within your budget, and have fun. The exact same could be said for options trading. I totally agree, btw, that you aren't likely to get rich options trading. But it certain can be a very fun way to test your skills at analysis and predictions.
- MuffinFlavored 4y ago
  but it’s counter-intuitive what makes options trading fun? the allure of turning a profit what does evidence show? not only will you not turn a profit options trading, you’ll realize losses how is realizing losses fun when the goal was supposed to be to turn profit?
  - Kon-Peki 4y ago
    > what makes options trading fun? the allure of turning a profit Absolutely, that is a major element of it. > how is realizing losses fun when the goal was supposed to be to turn profit? Well, if that is your goal, then I agree that it isn't going to be much fun. Perhaps you are mistaken in assuming that everyone going to the casino or trading options has "turning a profit" as the primary goal. I don't think that is the case. It certainly never was with me. But I could be unusual ;)
pmoriarty 4y ago
"Have you ever been to a casino? Everyone knows that the house always wins in the aggregate, but everyone hopes that they're one of the lucky individuals who will beat the odds and win as an individual." The lottery is another good example. How many people bought tickets in the recent $2 billion lottery, knowing full well their odds of winning were close to zero?
- brewdad 4y ago
  I started playing once the game hit almost a $billion. I won $8 over the next four drawings! Of course, I spent $40. :)

by jawns 4y ago

bell-cot 4y ago

Oh yes, THIS. And "making easy money" by trading stocks / options / other securities is a far, far better story to tell than "I got lucky at the casino" - which helps lure even more players into the securities casino. (And, at least in my social group, folks who win or lose at the casino seem to honestly speak of their net gain/loss. Vs. I've yet to hear a single story about making money in securities trading which even hinted at whether the teller's trades added up to a net gain or net loss for the (say) year.)

Kon-Peki 4y ago

> Have you ever been to a casino? Some people view it as a form of entertainment, and most people view entertainment as something that is ok to pay money for. Keep it within your budget, and have fun. The exact same could be said for options trading. I totally agree, btw, that you aren't likely to get rich options trading. But it certain can be a very fun way to test your skills at analysis and predictions.

MuffinFlavored 4y ago
but it’s counter-intuitive what makes options trading fun? the allure of turning a profit what does evidence show? not only will you not turn a profit options trading, you’ll realize losses how is realizing losses fun when the goal was supposed to be to turn profit?
- Kon-Peki 4y ago
  > what makes options trading fun? the allure of turning a profit Absolutely, that is a major element of it. > how is realizing losses fun when the goal was supposed to be to turn profit? Well, if that is your goal, then I agree that it isn't going to be much fun. Perhaps you are mistaken in assuming that everyone going to the casino or trading options has "turning a profit" as the primary goal. I don't think that is the case. It certainly never was with me. But I could be unusual ;)

pmoriarty 4y ago

"Have you ever been to a casino? Everyone knows that the house always wins in the aggregate, but everyone hopes that they're one of the lucky individuals who will beat the odds and win as an individual." The lottery is another good example. How many people bought tickets in the recent $2 billion lottery, knowing full well their odds of winning were close to zero?

brewdad 4y ago
I started playing once the game hit almost a $billion. I won $8 over the next four drawings! Of course, I spent $40. :)