3 upvotes, 1 direct replies (showing 1)
It’s not speculation, there’s actually a *very* large amount of financial analysis that goes into something like this. All it took was one person on r/WSB to do the math and everyone hopped on. If played smart, daytrading can give you a steady income for years if you know what the fuck you’re doing.
Comment by ProposalWaste3707 at 27/01/2021 at 20:11 UTC
2 upvotes, 1 direct replies
So one, not an ounce of financial analysis went into this. Gamestop by any measure is worth a bare fraction of its current price. This is a matter of pure, coordinated, speculative effort - nothing more.
Two, almost no one makes money day trading - certainly not consistently or over time. Almost never over the market rate of return. It's a fantastic way to lose a lot of money, or make an existing fortune smaller, but clueless retail investors dicking around on the market don't make money.
Don't encourage people to gamble in the markets. They'll lose.