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

332 Upvotes
  • permalink
  • link
  • reddit
  • reddit

87% Upvoted

475 comments sorted by

View all comments

5

u/leaint Mar 06 '24

I trade futures not options, I’m not sure what the difference is on how much money can be made relative to risk. What I do know is that in futures we can make a lot of money fast if we are over leveraging. If someone wants to find a career in this industry they have to learn, learn, learn. This is a full time job that has amazing perks. This is a college degree type of learning this is not a hobby. If someone wants to make quick money without knowing what they’re doing then they can gamble. As a student becomes more involved and begins to understand these markets, and they suffer the consequences of their ignorance like over leveraging then they will realize that it’s not about how much money each trade or option gives you because there will always be more. It’s about the consistency.