Reddit won again

[Anonymous No.16308094]

Reddit is making 100x in a month while linkies are bragging their 10x gain

[Anonymous No.16308116]

Not pictured: the 999 redditors who lost $10,000 or more on 2 option trades

[Anonymous No.16308125]

>>16308094
how to do it then faggot?

[Anonymous No.16308166]

>like 4chan found a Bloomberg terminal
Why does reddit try so hard

[Anonymous No.16309247]

>>16308166
they think we are so cool

[Anonymous No.16309256]

>>16308094
ONE GUY TURNED A LOTTERY TICKET INTO A FEW MILLION DOLLARS CLICK HERE TO FIND OUT HOW TO DO THE SAME

[Anonymous No.16309455]

>>16308094
So, can he do it consistently?

[Anonymous No.16309470]

>>16309455
Doesn’t matter anymore. He’s got $100k now. Can just go for 1 5% trade per month and make 60k per gear

[Anonymous No.16310316]

>>16309247

But we are cool anon.

[Anonymous No.16310373]

>>16309470
>just 5% a month consistently bro

idk, I might be dumb, but point a gun to my head and tell me to 5% my net worth I don't think I can.
rather spend my last month alive playing video games than gambling

[Anonymous No.16310400]

>>16308116
this

[Anonymous No.16310425]

>>16309470
>what is compounding

[Anonymous No.16310446]

>>16309470
>>16310425
>what is gambling with your entire stack and not expecting to lose everything

[Anonymous No.16310602]

>>16308116
Also not pictured: The faggot turning around and buying $100K of reddit gold.

[Anonymous No.16310665]

I love wallstreetbets. They're the reason I trade options, and why I made 2k in the last 2 days. Without their influence I never would have been comfortable buying 25 of a depreciating asset for 700$.

[Anonymous No.16310710]

>one turboautist spends months researching advanced option trading strategies, then gets lucky break
>every NEET on /biz/ shitposts all year while making 10x by following the advice of shizoposters obsessed with numbers

hmmmm..... really makes u think huh........

[Anonymous No.16310734]

>>16308116
Based, this is why 4chan/nel is better than 123!)!)17. Redpilled on markets and women.

[Anonymous No.16310772]

>>16309470
This is what brainlets actually think

[Anonymous No.16310792]

>>16308094
WSB is unironically one of the few based subreddits

[Anonymous No.16310811]

You should go over to WSB and see how many people get destroyed. Nice on that guy though, he can trade safely on MM and live rather comfortably. Though I doubt he will. I bet he gambles it all away hoping to make 1-10M. It's impressive.

The tough thing is, you need roughly 500-1k$ to do this(1 trade) but then be extremely lucky you get it on that single trade. You're more likely to spend 10x that amount and not even come close. So you're just financially hanging yourself this way.

[Anonymous No.16310826]

>>16309470
Why only one 5% trade? Just make 3 and live like a king. Or do one 15% trade instead, or three 10% trades, the world is your oyster, I mean why would you limit yourself, just do 20 10% trades and be a millionaire in no time.

[Anonymous No.16310839]

>>16308094
Fuck if MSM is shilling options trading to normies maybe the top really is in...

[Anonymous No.16310918]

>>16310811
Can you post link to article. I understand the guh guy bought stocks on margin, then used those stocks to sell Covered Calls, then used the money he got from selling Calls to buy more stocks on margin, then sell Covered Calls...etc to build a large short position. Was this something similar.

The thing with options are that they give the veneer because the vocabulary used but, at the end of the day, they just allow you to do fucking retarded trades in intelligent ways.

[Anonymous No.16310926]

>>16310918
*veneer of intelligence

[Anonymous No.16310943]

>>16308094
Some idiot is bound 2 do that mane. Craig Wright for example is claiming he's satoshi because he bought BTC early. Crazier shit has happened

[Anonymous No.16311039]

>>16309470
>60k per gear
that seems a tad bit overpriced, where are you buying them at?

[Anonymous No.16311129]

>>16308094
Word. I turned $5000 into $82 over like 6 months using options. AMA

[Anonymous No.16311321]

>>16311129
What would your next option play be so I can inverse you

[Anonymous No.16311330]

>>16308116
>spending $10k on options premiums if you don't know what you are doing
Why do people do this?

[Anonymous No.16311356]

>>16311129
How did you learn? I wanna be able to do that too.

[Anonymous No.16311381]

>>16311129
Why do you think $5000 is enough money to mention losing?

[Anonymous No.16311383]

>>16311330
pretty normal to lose a good amount of money while you're figuring things out

[Anonymous No.16311394]

>>16311330
But they knew what they were doing, someone on reddit told them so!

[Anonymous No.16311395]

>>16308116
BAzinga

[Anonymous No.16311396]

>>16311330
The same reason people play slot machines and buy lottery tickets.

[Anonymous No.16311412]

>>16311129
I lose only $82 the suicidal thought starts to come..
imagine $4922

[Anonymous No.16311425]

Yes Goynon just invest your hard earning money in some weird trading whatever

Become a chad based GUH

[Anonymous No.16311467]

>>16309470
>$100k
you mean $60k after a 30% short-term cap gains tax and other taxes

not bad for lottery winnings, even though he allowed the media to publish his name

>>16310425
that chink better park his $60k in an index fund and forget about it for a decade or two

[Anonymous No.16311470]

literally just all in short/long ez pz money

[Anonymous No.16311512]

>>16308094
>>16308094
do you pajeet's even know who Michael Burry is? LMAO....clueless.

[Anonymous No.16311559]

>>16311467
You really think he makes more than 40k a year? 12% is all the gubberment is gonna steal from him

[Anonymous No.16311609]

>>16311396
Trading is not gambling, this is why I fucking hate wallstreetbets, because assholes like that perpetuate that idiotic view that retards have of this stuff.

Lazy people and gamblers, that's what trading attracts, and that's who you have edge over, if you're willing to put in the work.

[Anonymous No.16311616]

>>16311609
Where can one learn to trade options profitably?
TA seems like a meme

[Anonymous No.16311626]

>>16310839
this

[Anonymous No.16311643]

>>16311616
I don't trade options, I wouldn't spoon feed you anyway. Now fuck off and dump your money into that 401k.

[Anonymous No.16311655]

>>16311559
he could easily be some chingchong code monkey who makes $100k at some virtual widget factory

definitely filing taxes single

so the 24% cap gains bracket is $25,678 in federal taxes alone, let's not forget state

the 22% bracket is still $23,538 fed + variable state

if he lives somewhere like california, new york, or massachusetts as most chinks do, he's getting raped

[Anonymous No.16311661]

>>16310839
This. The robin hood commercial shilling to a wagie working at the grocery store was a big signal for me.

[Anonymous No.16311771]

>>16311643
Oh I see.
You larp instead

[Anonymous No.16311800]

>>16311616
Its just like trading regular stocks profitably. But with options, you can also make money if it goes down. So you just have to be able to guess if a stock will go up or down, and in what time frame. Guess those 2 correctly and you'll make money on options.

[Anonymous No.16311862]

>>16311771
You do realize options aren't the only derivative out there, right? Even if you don't trade derivatives, the reality is what goes on in things like the futures and options markets may have impacts on the underlying because of arbitrage and delta-hedging, and positioning can also be useful (when it reaches extremes). And besides that, every time any sort of attempt is made to discuss aspects of trading on /biz/, those threads are constantly disrupted, it gets to the point where you realize, not only are most people not worth the bother, it's actually not good to spoon-feed lazy people, for the sake of their own development, because they just come in and lose.

If people want to talk mindlessly over their shitcoin '''''fundamentals''''', and make constant offtopic threads, then fine, let /biz/ be that.

[Anonymous No.16312109]

>>16311862
I didn’t want spoon feeding. I wanted reliable resources and a little help in beginning considering the fact that there is SO much mis info floating around the trading community. Both futures and crypto.

[Anonymous No.16312118]

>>16311862
I’ve tried so many things to get out of waging and while they’ve all been moderately successful nothing has been seemingly sustainable long term. That’s why I wanted to look into trading.

[Anonymous No.16312148]

>>16312118
>I’ve tried so many things to get out of waging
this is the classic nonsense I see happening, you are typical person who loses, be aware of that. Just because trading is no longer done on the floor, it now has the bullshit online business ''''side gig'''' vibe being put out about. It's not something you resort to because you can't handle doing anything else

[Anonymous No.16312192]

>>16311862
I put in 50 bucks and have started buying penny stocks. Hopefully by friday PLUG goes back up, otherwise I just blew $2 on an option. It looked like it was gonna keep going up. Ah well.

[Anonymous No.16312291]

>>16309470
topkek i have 400k in crypto and that's not how it works otherwise i'd be a billionaire in a few years

[Anonymous No.16312301]

>>16312148
Of course I’m going to lose in the beginning. I truly believe trading is a skill that can be cultivated through practice and effort. The only problem is when you’re a beginner you have very little clue as to who is full of shit and who isn’t. I take things very seriously and have had success in other endeavors (language learning and translation) but want to branch out.
Again If you have any advice on learning TA, if TA is even worth learning (which there is debate about even on trading-centered forums) I am all ears.

[Anonymous No.16312314]

>>16312301
Hit up the best starting point for any medium, investepedia. In terms of a bare bone starting place, that's the one I'd recommend.

[Anonymous No.16312324]

>>16311330
Yeah it should be more like, 100 redditors lost 1000$

[Anonymous No.16312335]

>>16312314
Yes I’ve read pretty much all the articles about trading on there. I’ve actually done trading myself but I usually break even or slightly win after commissions. A lot of it feels like gambling even though it isn’t which is how I know I’m going about it wrong.
To go more in depth I visit futures.io but opinions there about how to trade and what is important vary wildly

[Anonymous No.16313457]

>>16311609
It absolutely is gambling. Gambling encompasses more than just fixed odds casino games.

[Anonymous No.16313936]

>>16313457
I really don't really don't give a shit about having a philosophical discussion on "what is gambling". When you plan out on how to buy or sell something, there's always risks involved, aka not getting the price/outcome you might expect. This is seen most clearly in the auction or bartering processes. In directional trading, if you don't get what you intend, that can have pretty bad consequences.

If you don't see a clear difference between someone who has a plan and risk management what they do, vs some guy who buys a bunch of Puts on Apple, going into earnings, using money he had sourced from continuously selling Covered Calls on stocks he had purchased on margin, you're deliberately trying to misinterpret something.

People gamble in trading because they're either already gamblers, looking for an outlet, or they're starting with basically nothing (because "I don't want to wage anymore :(") and need to take large/over-leveraged positions to build themselves up quickly.

[Anonymous No.16314107]

>>16309455
Nope. He wen't for three 100x margin trades in a row and got liquidated on the third one.