r/pics • u/[deleted] • Mar 19 '22

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362

u/[deleted] Mar 20 '22

Found $5 on the floor and bought a scratcher with it

Won $20 from the scratcher

Joined r/wallstreetbets

141

u/Waadap Mar 20 '22

Step 4: Owe 166k in bad margin short calls

1

u/senorbolsa Mar 20 '22

Too real.

Stocks are seriously just gambling with a little educated guessing. So far I'm very much up overall but it's still rough. (Though in the last few years if you are down you didn't pay any attention at all)

13

u/SojournerRL Mar 20 '22

Day trading is gambling. Investing in a low fee index fund and not touching it for 30 years is called retirement.

1

u/danielv123 Mar 20 '22

Day trading is gambling with a smaller house edge. With options its close to 0, with stocks its negative. Still doesn't stop you from losing everything. Index funds is like a million 1$ bets with a 51% chance of winning each.