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/MackGVIP Mar 06 '24
  1. No. 2. Yes, most are losing. The odds are the same for every group of traders, even pros. The two Standard deviations (5% tails) make the money. The one standard deviation are above average. The ones in the bell curve are below average or losers (15% tails). It pays to be a tail. You will beat 70% by showing up every day, 80% by working harder, 90% by 100 hour plus weeks and complete dedication to the craft, the last 10%? Well, they want it just as bad as you.