Comment on success

• henfredemars@infosec.pub ⁨1⁩ ⁨day⁩ ago

  I want to try stock trading. I literally just had to pick whether it was going to go up or down and I picked the ones that looked like they were already going up. I somehow managed to get a negative return anyway after six months.

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  • TheBat@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Stock trading is for chumps.

    Try options trading. In 6 months you’ll be rich or blowing strangers behind dumpsters for 20.

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    • ChickenLadyLovesLife@lemmy.world ⁨5⁩ ⁨hours⁩ ago

      I was a futures trader for six months back in the roaring '90s, fortunately not using my own money. At the end of it all, I had exactly broken even – less the commissions paid on all my trades. So for me it was like flipping a quarter except I was charged a nickel for every flip. Meanwhile my boss (whose money I was trading) was down $100K over the same time period.

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      • TheBat@lemmy.world ⁨5⁩ ⁨hours⁩ ago

        Did your boss end up blowing strangers behind dumpsters for 20?

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    • panda_abyss@lemmy.ca ⁨1⁩ ⁨day⁩ ago

      Mostly the second.

      Sometimes you hit the first then the second.

      People think they’re skilled when they’re just lucky and keep rolling the dice. Or they try and have a comeback and throw good money after bad.

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    • Viking_Hippie@lemmy.dbzer0.com ⁨23⁩ ⁨hours⁩ ago

      rich or blowing strangers behind dumpsters for 20.

      Or both, if you’re so inclined 🤷

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    • henfredemars@infosec.pub ⁨1⁩ ⁨day⁩ ago

      I’m too scared to place bets that wild.

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  • Lemmyoutofhere@lemmy.ca ⁨1⁩ ⁨day⁩ ago

    If they were already going up, it was too late. Just buy index funds and don’t try and pick winners.

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