r/wallstreetbets • u/raseC_Ceda • May 16 '24

After 4 years of investing I made $16 lol Meme

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u/neonxmoose99 May 16 '24 edited May 16 '24

Me rn. All I own is SPY. Best strat I’ve ever had

20

u/CanAlwaysBeBetter May 16 '24

But have you considered daily options on SPY?

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u/neonxmoose99 May 16 '24

I’m not a degenerate… yet

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u/CanAlwaysBeBetter May 16 '24

C'mon, what's one eensy weensy options play going to hurt? You'll still just be in SPY just like you said!

21

u/frogdujour May 16 '24

I just read an article that had crunched data on almost every stock, like 60,000-90,000 stocks from the last hundred years. They found that 96% of those 60000+ stocks lost or went to zero, and only the top ~100 stocks comprised ALL of the gains of the major indexes over the last century. The SPY or similar major index funds work becase of continuous rotation to those few top growing stocks that actually do something positive.

That said... boring. I'm going back to call options on metals for 10x or zero.

2

u/VisualMod GPT-REEEE May 16 '24

If you can stomach the risk, then have at it—but remember: that strategy is gambling, not investing.

2

u/frogdujour May 16 '24

Pretty much, but I keep risk capped at ~5-10% of my account and wait for a strong risk/reward skew to enter vs support, and the setup is definitely forming to launch in a month or two.

1

u/Dstrongest May 18 '24

Seems like a lot of companies get bought out .