Percentage of people that made a significant net gain from putting money into index funds, reinvesting it, and letting it sit for years >100%Percentage of people that made a significant net gain from risky investments with the goal of making a ton of money short term >3% (excluding insider trading)
>>61830669I was offended by this meme for a while but it's trueIntraday charts are so fucking manipulated it's pointless to even try
hmm? why does it insert that "reliably" there? do 13% of casino gamblers "reliably" leave as winners? looks like a retarded bait and switch. pretty much no one tells you to quit everything and do solely daytrading. but there are always good opportunities and you can make way more than what you would get from boomer500 in 5 years if you can spot them. you probably have some anecdotal evidence. the chances are much higher than you think, but only if you aren't a subhuman retard that doesn't deserve the money anyways.markets are good. markets are just.
>>618306691/100 maybe true for people who trade for a few days, weeks or months, but I guarantee tyat stat changes drastically when you only count (day) traders who are 2 - 3 + years in.
>>61830669of all investors over 90% lose money. index fund investors lose money too and you are retarded to make claims you don't make sure are right. bitch.
>>61830669Pure gambling is often a zero sum game, so you lose everything if the bet doesnt go your way.Stocks can still be sold at a loss.Indexfagging is boring, who cares if you have an extra 200k when you're 60 or whatever. You gamble on trades in the hopes of striking it rich in a shorter term, not sitting on money which doesnt do anything.Early Bitcoin retards won, they gambled on a meme play and it exploded. I regret missing that boat, but I was too poor back then anyway.
>>61830669>Anon lump sums into QQQ because "time in the market beats timing the market">he does this early on in the year 2000>takes 16 years to break evenIf Lord Bogdanoff hates you enough, even Index Funds are money-losing investments
>>61830669How the fuck do only 13% of people leave the casino a winner? I thought the house only had a marginal advantage of like ~52% in most of these games so the unfairness wasn't so obvious.
>>61830669kek
It took me 5 years x 10 hours a day to become that 1%. If I could go back in time I would not do it again. Financially it was worth it, but it destroyed my health
>>61830669Lmao what criteria is this 1 in 100 based off of?
>>61830669They are both not even zero sum, they are negative sum games. The house is the only one making money all the time. Day trading is playing golf for money in a foursome with Tiger Woods, Jack Nicklaus, and Arnold Palmer, and expecting to win money off them reliably while paying greens fees. You are in a game of skill against the best in the world. The winners are mostly just lucky and riding survivorship bias.
>>61831131because they keep betting even after they've won. I've seen people win thousands of dollars in a day and put it all back into the casino the same day. If most people gambled smart and only bet the money they put in like $100 into the machine and play only 50 $2 games and immediately cash out then it would be closer to 50% winners and losers. That's how I play and pic related is a single win paying for my whole bankroll. I put in $180 and played 60 $3 spins, once I run out of spins I cash out and usually leave with either a win or a 10-50% loss but my average loss is 20%
>>61831131That 2% house advantage compounds. The more you bet, the more likely you are to be a net loser over the course of the evening
Yeah, watching bossmanjack I realised that pure gambling is less brutal that crypto perps
>>61830669It makes no sense that you should aim to have mediocre wealth when you're old over being filthy rich when you're young.
>>61831534This is such a retarded, brainwashed consumer take. I don't have any desires for hyper expensive luxury goods or other pointless shit that would require me to be filthy rich in order to fulfill them. I want enough money when I'm older to where I don't have to worry about money so it makes absolutely zero sense to me to risk everything to be filthy rich when I can just put the money into an index fund and be moderately well off in 20 years time.
>>61831534Good goy. You don't want to retire early or at all. You want to waste your money trying to be rich while you're young so you have no choice but to work until you die
>>61831583You won't be well off in 20 years time if youre just starting out
if you have 10k bucks, is options the only way to retire within 15 year time frame?
>>61831583In point of fact it's an old man's take. Eventually you'll realize how stupid pissing away your best years for Shecklesberg was when you feel all of your 50 years.
>>61831646Yeah I should just give away all my money to hedge funds and crypto bros instead lol. You people never fucking listen to yourselves and that's why crypto is dying and the public no longer takes it seriously.
>>61831646I didn't piss away my best years though, I'm enjoying my best years right now and I can easily afford anything I want. I genuinely don't understand what it is you think you can only do when you are filthy rich that you can't do right now on a 60-100k middle class income. Unless you glorify the satanic, hedonistic lifestyle of the elite, which has zero appeal to me.
>>61831583It has nothing to do with consumerism. It has to do with time that you're never getting back. Take on high risk while you're young. >>61831591I don't understand this mindset at all. It's so defeatist, assuming that if you take on high risk you'll lose. So what if "only" 3% make significant gains in the short term? That is meaningless. I'm in the top 3% of a lot of things. Aren't you?
>>61831696What's defeatist about it? The probability that you are going to make a one in a million guess is 0.000001, and considering you have to put a meaningful amount of money into investments to make a meaningful amount back, it's retarded. You need to have a nigger IQ to not understand risk-to-reward
>>61831718I see. You believe that your life is dictated by probabilities, that it is essentially random? As though you have no meaningful agency? Very bad mindset, although common. We shouldn't try to apply statistics to our own lives like that; it isn't helpful. Oh, and the number you mentioned was 3 in 100, not one in a million. Not that it matters.
>>61831762Planning life as "I'll just get lucky bro" is retarded and how you become a gambler with nothing to your name. You absolutely apply probability to life, everything is based on probabilities. The 3% and one in a million are also for two different things you illiterate nigger
>>61831640possibly, but you have to accept that you have 85% chance of losing and just end up in a worse position than just putting it in sp500.
>>61830669There is a whole reddit sub where masochist cuckolds post how they were raped and humiliated while gambling on options and puts.
>>61831775>luckIf that's what you believe in, then that's what you believe in. Good luck to you.
>>61831173Can I follow your trades please?
>>61830669>Percentage of people that made a significant net gain from putting money into index funds, reinvesting it, and letting it sit for years>>100%>Percentage of people that made a significant net gain from risky investments with the goal of making a ton of money short term>>3% (excluding insider trading)This. If you exclude insider trading, which is 80% of those 3%. And various psychics (people who have an ability to see the future) , because this is also insider trading of sorts. You have 0.5% left.
>>61831131The casinos are operated by mafia. So in real life, you are going to have machines that operate a lot more in casino's favor, etc.
>>61831534You save for retirement so you're not a burden to your family and society and so you can be generous to them and those less fortunate. Greed, gluttony, and Envy are vices and to be avoided."Do not store up for yourselves treasures on earth"
>>61831775>Planning life as "I'll just get lucky bro" is retarded and how you become a gambler with nothing to your name.It's the white trash way. Go to your local 7-11 on payday and you'll see the kind of people who aim to get lucky playing the lotto. And when one of those types does win, they waste the money on frivolous shit. Quite competence and discipline is the path to wealth (which should then be used for practical and noble purposes).
>>618311733 years in and still burn money
>>61832449how much have you lost in total?
>>61832515idk maybe arround 10k eurosbut i am still minus 3,5k in minus this year with stocks as wellmight not sound much to murricans but my net worth was 35k last year at the peak if i never touched stocks and trading i would probably be arround 50k nowi am at 25 now
>>61830669its something to do i guess. a momentary distraction on the road to the grave. it is was easy it wouldn't be a worthy task.
just because you are retarded doesnt mean the rest of us are op
skill issueif you martingale you are sure to win at the casino
>>61831087yeah, goes from 1 to 0.1 as they have a bigger hole they need to dig out of
>>61831347Seek help
>>6183066990% of "traders" are just gamblers.Casinos, unlike the market, are rigged to let a certain number of wins, otherwise no one would visit casinos.
