How are the wallstreetbets guys so successful?

Discussion in 'Options' started by tradelosses, Mar 13, 2020.

  1. here is another one 100k to 700k .pages upon pages of ppl making tons of $.



    At this point I have $20k capital saved up for some option plays. These people are not quants so they have not possibly constructed mathematically sound strategies that have long term positive expected value and low risk of ruin. That takes a lot of data and research. But there is a very strong intuition in knowing what to do at the right time. My plan is to copy the published trades, especially if the person seem to have a track record of successful trades . If someone is buying 100 TSLA calls/puts i will buy 5 or so. Some of the position sizing of these guys is insane. But more often than not, they get the direction right. If two people are doing opposite trades, for example, puts on the SPY and calls, I will copy who has the better track record. A small position size would reduce risk of ruin but still generate a good ROI. Yeah, plenty of trades fail, but I see a huge amount of skill here too.
     
    #61     Mar 19, 2020
  2. sounds like a rather fancy way to throw away money.
     
    #62     Mar 22, 2020