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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.