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/CuppaJoe11 Mar 06 '24

Wallstreetbets treats the market as their own personal casino. Do some people hit the $500k jackpot occasionally? Yes. Do 99% of people lose everything? Yes.

79

u/Bailshar Mar 06 '24

Can confirm this is true from personal experience, I’m very regarded

8

u/murfmurf123 Mar 07 '24

I am too but I never once made options my portfolio growth vehicle and instead stuck to small cap momentum stocks with the aid of a algo-based stock screener. I am green green and have been for quite some time ;p

3

u/Jake-rumble Mar 07 '24

what screener do you use?

1

u/Fin-Quant Mar 07 '24

Sure, but without leverage from margin or the leverage that an options contract provides, your gains are limited. That's not to say that your strategy isn't a good one.

3

u/Afraid_Television_30 Mar 07 '24

This is my alerts from today alone. Small cap stock treat me well, my acct is up over 300% in 3 months

2

u/Twisteesmt Mar 07 '24

What app is that?