WallStreetBets Who Lose Thousands of $ Day–And Brag About It

time.com

29 pointspaulpauper5 comments

What is going on in WSB is quite complex. You have:

1) Patsies who believe WSB advice and lose everything

2) Degenerate gamblers

3) People who photoshop fake gains/losses for teh lulz

As a result it is one giant exercise in delusion and I feel bad only for the people who lose a year's pay on options that have a 0.1% chance of breaking even.

You also have people who completely truthfully make a killing, not tricks no dishonesty. The thing is if you have people betting not up and down on the same thing and betting big, then somebody has to win, and more often then not the winners will post their story, leading to a biased image of a group that wins more than it loses.

Most of people doing the winning on options trading are the big institutions writing the options to the punters :(

The house always wins.

The tagline is 4chan combined with a Bloomberg terminal

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