Comment on success

• ieatpwns@lemmy.world ⁨2⁩ ⁨months⁩ ago

  Meh there’s only 2 outcomes i always win my 50:50s

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  • henfredemars@infosec.pub ⁨2⁩ ⁨months⁩ ago

    I want to try stock trading. I literally just had to pick whether it was going to go up or down and I picked the ones that looked like they were already going up. I somehow managed to get a negative return anyway after six months.

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    • TheBat@lemmy.world ⁨2⁩ ⁨months⁩ ago

      Stock trading is for chumps.

      Try options trading. In 6 months you’ll be rich or blowing strangers behind dumpsters for 20.

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      • panda_abyss@lemmy.ca ⁨2⁩ ⁨months⁩ ago

        Mostly the second.

        Sometimes you hit the first then the second.

        People think they’re skilled when they’re just lucky and keep rolling the dice. Or they try and have a comeback and throw good money after bad.

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      • Viking_Hippie@lemmy.dbzer0.com ⁨2⁩ ⁨months⁩ ago

        rich or blowing strangers behind dumpsters for 20.

        Or both, if you’re so inclined 🤷

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      • henfredemars@infosec.pub ⁨2⁩ ⁨months⁩ ago

        I’m too scared to place bets that wild.

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      • ChickenLadyLovesLife@lemmy.world ⁨2⁩ ⁨months⁩ ago

        I was a futures trader for six months back in the roaring '90s, fortunately not using my own money. At the end of it all, I had exactly broken even – less the commissions paid on all my trades. So for me it was like flipping a quarter except I was charged a nickel for every flip. Meanwhile my boss (whose money I was trading) was down $100K over the same time period.

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    • Lemmyoutofhere@lemmy.ca ⁨2⁩ ⁨months⁩ ago

      If they were already going up, it was too late. Just buy index funds and don’t try and pick winners.

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• expatriado@lemmy.world ⁨2⁩ ⁨months⁩ ago

  most people than gamble won’t win, but only the winners get interviewed

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  • Viking_Hippie@lemmy.dbzer0.com ⁨2⁩ ⁨months⁩ ago

    This right here. There’s no survival bias like financial survival bias!

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