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Re:The Battle of GameStop by shouldiquitamzn on Monday January 25, 2021 @10:32PM (#25912178)
No I made this money myself. In any time in basically the last decade, if you leveraged up on the SPY or QQQ, you are now retired. People are too risk averse, they will be stuck in a job forever
Re:The Battle of GameStop by katbyte on Monday January 25, 2021 @10:46PM (#25912270)
No you gambled and got lucky. Good for you that’s great, but please recognize it for what it is. You played the market and won, just like people play the lotto, and some of them win too.
Re:The Battle of GameStop by thrwyoilarticle on Tuesday January 26, 2021 @07:57AM (#25915277)
Do you attribute YCombinator's success to lucky gambling?
Re:The Battle of GameStop by Zarel on Tuesday January 26, 2021 @09:55AM (#25916390)
In options trading, every dollar you earn is a dollar someone else lost while trading options, and had to give to you. It's zero-sum. If you include fees, people lose slightly more money than they gain in options trading, on average.

This is pretty different from YCombinator's startup investment. No one has to lose for YC to win. The money ultimately comes from customers of YC-funded startups, who are in theory engaging in positive-sum trade (getting more in value than the money they paid for it). On average, people are earning lots of money investing in startups.

To be clear, options trading does have value in terms of letting people buy insurance and providing a price signal in terms of how many people believe prices will go up or down, but this is comparatively marginal and doesn't affect the options traders themselves.

Re:The Battle of GameStop by koheripbal on Tuesday January 26, 2021 @09:22AM (#25916029)
Rolling a fair die once is gambling. Rolling an unfair die 1000 times, is a statistical investment.
Re:The Battle of GameStop by shouldiquitamzn on Monday January 25, 2021 @10:49PM (#25912287)
False. You have no idea about the trades I made. People are brainwashed, you can make money in the market. I made over 100 trades
Re:The Battle of GameStop by popeathlete on Tuesday January 26, 2021 @07:04AM (#25914848)
I wanted to write something of substance, but... Lol. Just, lol.
Re:The Battle of GameStop by PartiallyTyped on Tuesday January 26, 2021 @05:21AM (#25914224)
People have been force-fed over and over that if they overpay their broker to have a 7% return yoy they will get to retire at 60 instead of 65. We have been repeatedly told by the same capitalists that make millions in a day that we are 'asking for too much' and that we are 'greedy'.

Honestly. Even if I lose everything (I am up >200%) in January alone, I will be glad to see those greedy jackasses bleed.

Re:The Battle of GameStop by imtringued on Tuesday January 26, 2021 @05:22PM (#25921748)
Here is the thing about deflation. Everyone, literally everyone, invests into the capital markets and becomes rich. People start liquidating their assets and spend them only to realize that the real economy is gone and their money is worthless.
Re:The Battle of GameStop by bitcoinmoney on Monday January 25, 2021 @10:36PM (#25912200)
How do we replicate your success?
Re:The Battle of GameStop by drewmate on Monday January 25, 2021 @10:50PM (#25912300)
Step 1 - Buy leveraged options at the right time

Step 2 - Do not buy leveraged options at the wrong time [0]

[0] https://knowyourmeme.com/memes/be-attractive-dont-be-unattra...

Re:The Battle of GameStop by m3kw9 on Tuesday January 26, 2021 @07:10AM (#25914886)
And sell them at the right time, before they expire usually, usually people don’t have enough to actually go through with the contract if it’s in the money
Re:The Battle of GameStop by blackrock on Tuesday January 26, 2021 @06:47AM (#25914724)
Make sure to buy the right stock, at the right time. And make sure to sell it at the top, also at the right time.

But in all seriousness, for the past 12 years, there has been no fundamentals. Why? Because the Fed juiced the market with Quantitative Easing. Thereby flooding the market with infinite money.

Literally, all you had to do was to buy and hold.

Re:The Battle of GameStop by 8note on Monday January 25, 2021 @11:04PM (#25912397)
Memes. The answer is memes.

People are willing to spend money on their memes like they are for their genes

Re:The Battle of GameStop by kapp_in_life on Monday January 25, 2021 @10:44PM (#25912257)
QQQ is a good idea until you hit a bear market. So live through 10 years of consistent positive gains every year in the market and you too can leverage QQQ to make millions. Taking lots of risk is good in a bull market.