How do people on places like wallstreetbets multiply their networth seemingly so easily? Are those really bets like at horse races? Or do they, without being affiliated to a particular company (eg no insider information), really have the right numbers (or call it intuition) about what is undervalued or (even harder to bet on) overvalued?I am almost 40 years old, have been investing for around 6 years and got burnt multiple times. Talk lower 6 digits. Also got lucky with bitcoin, but at the end it was a zero sum game. Even with a simple strategy like "buy and hold [ETFs or vanilla Bitcoin] until we are 2 months into a bullrun / new peak or if you miss it, until next one in a year or so" - I am still missing the optimal windows and would be better off just investing regularly (time in the market). 4 out of 7 times I did active investment, it has only cost me money.How do others do it? Why does timing the market and buying specific stocks instead of ETFs work for them? It seems it's not any chart analysis that does the trick, not in mid/long term
>>33923788>seeminglyKey word here. Truth is it isn't "so easily." You just need to be really lucky. You can augment that luck with some research, but you can't replace it.
beware of survivorship bias on reddit and the like
>>33923806I know, they are more likely to brag than to post losses. many posts are just outright cries for help/advice: "I YOLO'd into X, look how dumb I am" - expecting someone to actually give advice if that was a smart move, the expectation being covered by multiple layers of irony. But then again, there are people who had amazing streaks, who went from lower 5 digits to multimillionaires with multiple investments, that you have to admit, they must have done something right. I know the monte carlo fallacy but I still doubt it was just luck... So was it insider trading, hyper intelligence, what?
>>33923788Start by maxing your vanilla investments. Next learn basic arbitrage. To know if you understand the concept of arbitrage, answer this question: under what conditions is buying a dividend paying stock free money? You might be surprised by the recent opportunities here. Next is to get really knowledgeable about a tiny niche. Like Shkreli with pharma.
>>33923868You get 10k people all playing double or nothing 6 time in a row, your going to have 156 people who have 64 times the amount of money they started with and a lot of people who lost their initial investment.If it was a thousand dollars, well you aren't going to hear about the just under 10k people that just lost some money. You'll hear about the 150 people saying "I just turned 1000 into 64000 bucks".It's often a lot of insider information or just doing a lot of research on trends and geopolitics and getting in early.A lot of times it's early people with the bags convincing others to join in so they can sell at a markup.Rich people already have way more resources than you to game the system for way more profit when trading.Most of the time you can only hope to get in and be lucky enough to be in early for the ride and how to skim some of it off.Short term investments for the small guys is literally just gambling.
>>33924019I am quite knowledgable with anything programming related. I work as a freelance web developer, I have seen it all, banks, insurances, how they adopt new technologies (public clouds, machine learning, security providers, AI, ...). the thing is, those things are a hot potato. everyone and their mother either think AI will replace them or there is a bubble. anything tech is traded emotionally, while the actual adoption happens linearly. and to really make money with a new tech, you need to be in on the venture capital, before they open the stock for the public (which they only do at the moment when shit is overhyped). But you can't be a bear either because people place puts typically too early. So even if I had some crazy insight, I honestly would not know what to do with it.
I'm fucking retarded I just put $50 into a different random penny stock every two weeks
>>33924071>TechHere's the cynical advice: anything that looks like it can help people absolve themselves of responsibility, or violate someone's rights, will make money. With that knowledge, you should have bought palantir a long time ago.
Buy yourself a jewish calendar.Take note of the holidays.Compare the pattern of holidays to market activities.On certain jewish holidays, you will buy and then hold what you buy UNTIL the next jewish holiday and then sell it.Lmao.The game is rigged and always has been.This is why you lose.This is why they always win; even when they lose, they win with government bailouts.I learned the jewish holidays trading secret for the stock market from a legit government agent that I worked with briefly on a nongovernmental project.I never bothered to implement it because I just don't give a fuck about playing the stocks. And I am truly antisemitic; so, there's a certain repulsion in me for jewish things.
>>33923868Reddit is a propaganda mill for fifth generation warfare and psychological operations. The threads on that site are curated by foreign interlopers and traitors within your own government to influence the population. >people who had amazing streaksPropaganda >they must have done something rightPropaganda The markets are a scam. Reddit is a psyop.
>>33924234During the initial GME squeeze they were pretty anti-establishment. Later every trader seems to have caught on though and has a wsb scanner/scraper with alarm bot running every time their stock is mentioned on that sub. Obviously a lot of manipulation there too, since.
>>33923788Just throw all your shit in an index fund
>>33923788It is only gambling if you make it that way, really. More frequent consistent buying will lower your dollar cost average. Knowing the news in general will give you an idea of how the wind is blowing. Timing the market is luck and lies but you can make seasonal adjustments. Like it always made sense for me to slow down around now, for Christmas, and double down after. I am not on the pro level. We are probably about the same but, the big guys do options trading where, if I explain half right, they bet an up or down window in a certain time frame and use only a small amount of money that would normally be needed. Idk if it is leverage against itself or done somehow on coupons for lack of a the correct word. They can risk little and gain much by hitting easy targets. You will definitely lose if you don’t first learn the ropes. Lower your income by investing more and paying less on gains. Like, if you claim more dependents, pay less tax by investing the extra take home. It it all snowballs. You need a long plan. Always buy. Use wins to buy shit that pays you more.>>33924212Probably true. I don’t know much but what I do comes from the Old Testament. If you can’t beat them, infiltrate.
>>33923788>How do others do it?They open positions with life ruining levels of exposure and either double their life savings or lose it all at once. Anyone can do this with a margin account and access to futures or options. Myself and everyone I know got started trading thinking they knew better than the old man preaching about time in the market, and in the end we realized he was right.
>>33923788if you don't have insider info, then you shouldn't bother gambling at all.Some people collude and buy and sell at the same time.If some random people are telling you some stock is going to moon then they are hoping your dumb ass buys their stocks off them before they crash the stock
>>33926333When we talk about stocks or non-meme, popular crypto tokens, I don't think people shill them on the internet to offload their bags. The big players on CNN/MSNBC interviews maybe, but the small guys on the internet are just coping like crabs in a bucket.
