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Comment by in3d | Hacker News Reader

You’re a lottery winner, congrats. People made money during the tulip mania also. You’ve given money to the Wall Street, not taken it away. The biggest winners are companies like Robin Hood and hedge funds who buy their order flow data and hedge funds that take advantage of the bubble to play this, while the losers will be small investors who were late to the game and believed the bullshit about how it’s anything more than a bubble.

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that's not how it works. Email me if you are genuinely interested in the how the institutional investors and market makers fit into this whole ecosystem. I'm tired of explaining market structure/incentives on HN. hint:

wall st money was lost on gme, not made. Market makers got killed trying to hedge those deltas, over and over again (it is impossible to statically hedge an option you have sold with a long/short position in the underlying tho in some cases like far ITM options, you can pretend like you can because the options delta is 1)

Can you link your comment where you explain it?

What money did they give to wall street? How is wall street in the plus here?

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

How do we replicate your success?

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.

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...

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

Memes. The answer is memes.

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

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.

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.

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

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.

I wanted to write something of substance, but... Lol. Just, lol.

Do you attribute YCombinator's success to lucky gambling?

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.

Rolling a fair die once is gambling. Rolling an unfair die 1000 times, is a statistical investment.

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.

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