this post was submitted on 28 Oct 2024
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[–] msage@programming.dev 9 points 18 hours ago (1 children)

90% of users lost money while trading

the end result is very much the same

[–] Rai@lemmy.dbzer0.com 5 points 14 hours ago (2 children)

Damn, I’m up over 100% since I downloaded it seven years ago. Thank you, ETFs and tech companies I dig!

[–] Verat@sh.itjust.works 2 points 12 hours ago* (last edited 12 hours ago) (1 children)

Same, looks like I'm not part of that 90% either, only 4 years account age here.

[–] Rai@lemmy.dbzer0.com 2 points 12 hours ago
[–] msage@programming.dev 3 points 14 hours ago (1 children)

Nice story, bro.

I'm also up, more years, not Robinhood.

Then you glance over to Wallstreet Bets, they are the direct opposite on the curve.

Yet still almost everyone loses money on exchanges, for various reasons which I don't want to spend time writing up.

But market has been irrational for many years, with no signals of slowing down.

[–] Gigasser@lemmy.world 4 points 8 hours ago

I mean, I feel most people who lost money were doing "options trading", basically full on gambling/speculation. If you had put that money in an s&p500 index fund, chances of losing money are slim.