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| Topic | Stock Topic 20 |
| red sox 777 02/04/21 4:07:59 PM #75: | My impression of WSB is that despite calling themselves stupid, they are fairly smart in choosing trades in the sense that if they bought stock instead of short-term call options, those trades would probably be +EV. However, they choose levels of risk so high (almost always options) that the variance blows up their accounts most of the time even if the trade is +EV. As a whole, WSB likely outperformed an index fund (but not this topic) in 2020. However, probably at least 90% of users there lost money. Probably another 9% of users broke even or made a small amount of money and 1% or so of users made a lot of money when their lotto ticket options hit (more than the combined losses of the first 90%). These numbers are pulled out of thin air, but I do believe they are a fairly good description. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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