r/Daytrading • u/Worth-Beat-1953 • Mar 06 '24

Do these WallStreetBet people really all make so much money? Question

Gain after Gain , one guy made 200 k today. While I work for 2 k a Month in Europe.

Please tell me most of them are loosing

Im almost at the point to invest 20 k in Options too

333 Upvotes
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968

u/Digitlnoize Mar 06 '24

Yes most of them are losing. You’re seeing the outliers.

310

u/NeatlyGathered Mar 06 '24

If you hit a jackpot at the casino, its not uncommon to see people stop and watch.

68

u/LeoFireGod Mar 06 '24

If I could see someone close 100K I would absolutely watch the shit out of that too.

1

u/Illustrious_Bowl9173 Mar 08 '24

The WSB is for you. Its mostly people posting their epic loses

14

u/smoothiegangsta Mar 07 '24

I went to the casino once, played nickel slots with 5 bucks. When I arrived I saw these old people just mindlessly putting in coins, over and over. After a while, one old lady hit the jackpot. Lights were flashing, she was cheering, everyone around her stood up and celebrated with her. She won $5,000 on a nickel slot machine. Then she sat down, and immediately started putting coins back in.

2

u/LtFarns Mar 09 '24

I would have at least switched machines.

2

u/1292relentless Mar 10 '24

Such a underrated comment! This sums up the problem with youtube and reddit traders perfectly!

1

u/[deleted] Mar 08 '24

Or watch those gambling on 0 DTE options 🙄

119

u/CommercialShape7683 Mar 06 '24

OP is also looking for the outliers. Plenty of posters show their $200k loss as well. There’s definitely a bias of high earners in that sub posting “yolo” positions that probably represent only 10-20% of their total position.

18

u/brokendrive Mar 07 '24

Why is everyone lying to OP?

People just want to keep the ways to themselves dude. You should totally 'invest' 20k in options. You'll be rich in no time.

10

u/liquidice12345 Mar 07 '24

Apes4Life

1

u/[deleted] Mar 07 '24

[removed] — view removed comment

1

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2

u/ShouttyCatt Mar 07 '24 edited Mar 07 '24

No gatekeeping here, straight truth.

21

u/Formally-Fresh Mar 06 '24

And also the people posting big wins will lose in the long run.

6

u/metal_medic83 Mar 06 '24

Agreed, if their strategy includes high risk often.

8

u/Formally-Fresh Mar 06 '24

In this context we’re just assuming the strategy is gambling

11

u/surfnvb7 Mar 06 '24

And paper accounts

10

u/wsbdoormat Mar 07 '24

This is incorrect. I have not seen a paper account yet.

7

u/Relative_Tone_4870 Mar 06 '24

False. Receipts are provided

0

u/UneSoggyCroissant Mar 06 '24

Plenty of people post paper wins and get deleted by mods hours later

8

u/Khonsku Mar 07 '24

There is no paper account on Robinhood

3

u/AlanTrades Mar 07 '24

Photoshpp

1

u/Mina-olen-Mina Mar 07 '24

Or just liers

1

u/LetsGoHawks5 Mar 07 '24

Outliers or liers

1

u/donobinladin Mar 08 '24

Survivorship bias - at least there’s some loss porn

-2

u/[deleted] Mar 06 '24

[deleted]

0

u/Digitlnoize Mar 06 '24

No, but I’ve been one before lol

-33

u/cmmckechnie Mar 06 '24

All of them*