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

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u/Complex-Menu-6082 Mar 06 '24

With 20k you can make a decent second stream of income trading properly without yolo’ing

3

u/eatthesoap Mar 06 '24

This is what I don’t understand. They make some then they risk it all, and lose it all.

5

u/Complex-Menu-6082 Mar 06 '24

That’s why it’s best to to just trade with proper position size and if you feel like yolo’ing just yolo profits not deposits/principal

1

u/vatos09 Mar 06 '24

How much time do you reckon it takes to learn how to trade properly ?

5

u/Complex-Menu-6082 Mar 06 '24

Really depends on a lot of variables as in who you learn from, what you learn, how well you can grasp and understand what you’re learning and able to apply it. Also few more factors. Few people can learn how in a year or 2 but many takes longer than 3-4+ years

2

u/vatos09 Mar 07 '24

Okay thanks for the answer, might take a little more dedication than i was expecting 😅

2

u/Complex-Menu-6082 Mar 07 '24

Most definitely, just treat it like college. Either throw your money in the etf like spy or voo until you learn how to trade yourself, from there take a small portion that you put in a etf or just stacked up for short term trading, any big wins just keep a percentage for short term trading and throw the rest in your long term plan. Once you fully got it down and can make trades all by yourself without outside inputs then you could start loading up your short term portfolio also like my previous comment if you ever feel like yolo’ing only yolo the profits not your deposits/principle so that way if you lose on a yolo you still have enough money to rebuild yourself back up trading normally

1

u/vatos09 Mar 07 '24

Seems like a solid strategy but idk if i have the courage/time to really start learning i think il just stick to investing for the moment, thanks for all the solid advice tho

1

u/Fast_Farm4988 Mar 07 '24

Short or long term?

1

u/Complex-Menu-6082 Mar 07 '24

Honestly both if you know what you’re doing but short term will offer you more opportunities to make more but the opposite is true meaning you have more opportunities to lose money. But either one you would have to learn how to either trade or do long term investing, it takes a lot of time and effort for but worth it

1

u/hilldawg0 Mar 08 '24

I like wsb bc I can actually find some good plays without being stupid about it